Russia
BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit
BP has further boosted returns to shareholders after net profit jumped to its highest level in more than a decade. Chris J. Ratcliffe | Bloomberg | Getty Images BP on Tuesday reported bumper first-quarter profits and boosted share buybacks, despite posting a massive loss after offloading its nearly-20% stake in Russian-controlled oil company Rosneft. The […]
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This is Ukraine’s ‘finest hour,’ UK says, as it boost military supplies; Russia seen trying to annex eastern regions
Russia’s military now ‘significantly weaker’ because of its invasion of Ukraine A member of the Ukrainian Territorial Defense Forces stands on a damaged Russian tank on the outskirts of Nova Basan village in Ukraine on April 01, 2022. Russia’s invasion on Feb. 24 coincided with what’s known locally as the “muddy road season,” or “Rasputitsa” […]
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Evacuations from besieged Mariupol steelworks continues; explosions heard in Russian border region. Follow our live updates
Explosions heard in Russian city of Belgorod, regional governor says Two explosions took place in the southern Russian city of Belgorod near the Ukrainian border, the region’s governor Vyacheslav Gladkov wrote in a social media post. “There were no casualties or damage,” Gladkov wrote, according to a Reuters translation. Belgorod is home to fuel and […]
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Finland has walked a political tightrope between Moscow and the West for decades. But that could be about to end
Finland’s Prime Minister Sanna Marin has said that her country will be deciding on whether to join NATO within weeks. This could also propel neighbouring Sweden to do the same. Ludovic Marin | Afp | Getty Images Finland could be about to announce that it’s joining the military alliance NATO — in what would mark […]
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It’s not just Russia – China’s also contributing to higher inflation worldwide, report says
Restrictions and tariffs imposed by China in two major commodities — fertilizer and pork — have caused prices to surge worldwide. Deng Gang | Visual China Group | Getty Images Russia is guilty of creating a food security crisis and higher energy prices through its war with Ukraine, but China has — under the radar […]
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Pelosi visits Kyiv; ruble to be used in occupied Kherson from today, UK says. Follow our live updates
Russia wants to impose ‘strong political and economic influence’ over Kherson, UK says A Ukrainian soldier stands outside a school hit by Russian rockets in a southern Ukraine village. The U.K. Ministry of Defence said Russia has been seeking to legitimise its control of Kherson since seizing it in March. Bulent Kilic | Afp | […]
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Russia forced to merge depleted forces, UK says; Lavrov claims West will fight until ‘the last Ukrainian’
Lavrov claims West will fight until ‘the last Ukrainian’ Russian Foreign Minister Sergey Lavrov made another string of assertions in an interview with Chinese state media agency Xinhua, published Saturday morning. Lavrov claimed that NATO was interfering with a political settlement in Ukraine and that the West intended to fight until “the last Ukrainian,” according […]
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How this U.S.-made, $176,000 anti-tank weapon could change the war in Ukraine
Ukraine’s defense against Russia is being supported by billions of dollars in military aid from NATO countries. One of the most capable and expensive weapon systems supplied is the FGM-148 Javelin, a U.S.-made anti-armor weapon that costs about $176,000 each. “We don’t know where and when the next kinetic war will be, and producing new […]
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Cryptocurrency group lobbies Congress against bills that target Russian oligarchs
The cryptocurrency industry has been quietly lobbying U.S. lawmakers against legislation designed to prevent Russian oligarchs from using digital currencies to evade sanctions imposed on Russian President Vladimir Putin’s allies and their companies following Russia’s attack on Ukraine. The Blockchain Association, a lobbying group that represents more than 70 crypto platforms including Ripple, Crypto.com and […]
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Could there be war between Russia and the West? Strategists predict what could happen next
When relations between the West and Russia were bad, but not so bad: Russian President Vladimir Putin arrives for the U.S. – Russia Summit in 2021 in Switzerland. Mikhail Svetlov | Getty Images News | Getty Images The saber-rattling and rhetoric between Moscow and the West have become notably more aggressive this week, prompting concerns […]
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