Ukraine
These charts show how Russia’s invasion of Ukraine has changed global oil flows
European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country’s oil, altering global flows for the commodity that powers the world. Russian oil exports had already been hurt by some EU members acting preemptively in anticipation of potential […]
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Euro zone inflation hits yet another record high as food and energy prices soar
A market in the city center of Bonn, Germany on Feb 5, 2022. Nurphoto | Nurphoto | Getty Images Prices in the euro zone continued their march higher in May, hitting a record high for the seventh month in a row. Inflation came in at 8.1% for the month, according to preliminary figures from Europe’s […]
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Russia hits back at the EU’s partial oil embargo, says it will find other importers for its crude
The EU’s partial embargo covers Russian oil brought into the bloc by sea, with an exemption carved out for imports delivered by pipeline following opposition from Hungary. Attila Kisbenedek | Afp | Getty Images Moscow pledged to find other importers for its oil shortly after the world’s largest trading bloc agreed to impose a partial […]
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EU secures compromise on Russian oil ban; Kremlin claims it now controls a third of key Donbas city
Russian forces claim a third of Sievierodonetsk is now under their control Smoke rises in the city of Sievierodonetsk during heavy fighting between Ukrainian and Russian troops on May 30, 2022. Aris Messinis | Afp | Getty Images Russian forces claimed to have seized control of one-third of the city of Sievierodonetsk, as they continue […]
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German inflation at highest level in nearly half a century
Cologne, Germany, February 19 2022: Consumer prices in Germany increased an annual 8.7% in May, the Federal Statistics Office said on Monday. Sascha Schuermann | Getty Images News | Getty Images German inflation reached its highest level in nearly half a century in May, a result of energy and food prices that have only gone […]
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EU set to discuss Russian oil embargo; Moscow says Ukraine’s Donbas is an ‘unconditional priority.’ Follow our live updates
After a failed attempt, EU to continue negotiating potential sanctions on Russian oil The EU will continue to work Monday toward an agreement to embargo Russian oil, after attempts to do so on Sunday failed. The talks are largely held up by Hungary, a major user of Russian oil and whose leader Viktor Orban is […]
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Zelenskyy says conditions in Donbas are ‘indescribably difficult’; Russian forces target Severodonetsk
Putin is inflicting ‘unspeakable suffering’ on Ukrainians in a bid to capture Severodonetsk, think tank says A man walks in front of a destroyed school in the city of Bakhmut, in the eastern Ukrainian region of Donbas on May 28, 2022. Aris Messinis | Afp | Getty Images The Institute for the Study of War, […]
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Russian forces advance in the east of Ukraine; Zelenskyy says Donbas situation ‘very difficult.’ Follow our live updates
Russian forces unlikely to advance rapidly in Severodonetsk, think tank says Russia has pressed its offensive to capture key points in the eastern Donbas region of Ukraine, with more bombing of residential areas. Aris Messinis | Afp | Getty Images Russian forces have begun direct assaults on built-up areas in Severodonetsk despite not yet having […]
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U.S. may send long-range rocket systems to Ukraine; Russia captures more villages in Donbas. Follow our live updates
Russian forces capture several villages in the Donbas Russian forces have captured several villages in the Donbas north-west of Popasna, as they make gradual progress in their efforts to surround Severodonetsk and Lysychansk, the U.K.’s Ministry of Defense wrote in its daily intelligence update on Twitter. “Russia is pressuring the Severodonetsk pocket although Ukraine retains […]
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‘Hypocrisy,’ ‘naivety’ and ‘greed’: Europe chided for failing to stop Putin’s war
DAVOS, Switzerland — The European Union failed to counter Russian President Vladimir Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC on a panel at the World Economic Forum. “We are too Euro-centric on this crisis, in the sense we think this […]
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