Tag: War in Ukraine
Ukraine war drives the US, EU deal to undercut Russian energy
The Ukraine conflict is pushing Western Europe closer to the United States, with President Biden offering expanded natural gas shipments to help Europe break free from Russian energy dependency. The EU currently relies on Russia for 40% of its natural gas needs, making this strategic shift crucial for energy security.
Biden pledges new Ukraine aid warns Russia on chemical weapons.
President Biden and Western allies announced new sanctions and humanitarian support for Ukraine, pledging $1 billion in supplies and offering to welcome 100,000 Ukrainian refugees. Leaders discussed potential responses to potential chemical or nuclear threats from Russia.
The U.S. reinstates 352 product exclusions from China tariffs.
The U.S. Trade Representative has reinstated 352 product exclusions from Section 301 tariffs on Chinese imports, retroactively effective from October 2021. The exclusions cover industrial components, automotive parts, chemicals, and consumer goods previously subject to 7.5% to 25% tariffs under the Trump administration.
The U.S. imposes fresh sanctions on Russia over the Ukraine invasion.
The United States has imposed fresh sanctions on Russia, targeting dozens of defense companies, hundreds of parliament members, and the chief executive of Russia's largest bank. The move aims to increase pressure on Moscow over its invasion of Ukraine and restrict its economic capabilities.
Ukraine reports 300 dead in airstrike on Mariupol theater
In a devastating attack, Russian forces bombed a Mariupol theater sheltering civilians, killing approximately 300 people. Ukrainian officials claim this as potentially the war's most significant civilian casualty incident, highlighting alleged Russian war crimes during the ongoing conflict.
Russian stock market, crushed by war, will partially reopen
Russia will partially reopen its stock market with heavy trading restrictions, nearly a month after shares plunged on February 24 following the Ukraine invasion. Trading will be allowed for 33 of 50 companies in the MOEX Index, including Aeroflot, Gazprom, and Rosneft, as the country attempts to stabilize its financial markets amid Western sanctions.
Poland orders expulsion of 45 Russians suspected of spying.
Poland's Internal Security Agency has demanded the immediate removal of 45 Russian diplomats believed to be conducting intelligence activities under diplomatic cover. The government identified these individuals as a potential security risk and summoned the Russian Ambassador to formally communicate the expulsion order.
Putin wants ‘unfriendly countries’ to pay rubles for gas.
Russian President Vladimir Putin declared that countries considered unfriendly must now pay for Russian natural gas exclusively in rubles. This move comes in response to Western sanctions and asset freezes, with Putin arguing that existing payment methods undermine trust in traditional currencies.
NATO, in Arctic training drills, faces up to Putin’s ‘unpredictable’ Russia.
NATO faces a more volatile Russian threat following Ukraine invasion. U.S. military leaders warn that traditional analysis of Russian military capabilities is insufficient, highlighting Putin's willingness to escalate conflict beyond previous strategic approaches.
UK inflation hits a 30-year high of 6.2% as Sunak readies...
British inflation surged to 6.2% in February, the highest since 1992, driven by soaring energy bills and petrol prices. The Office for National Statistics reports widespread food price increases, intensifying financial pressure on households and creating challenges for the government's economic strategy.
