Tag: War in Ukraine
Ukraine war drives the US, EU deal to undercut Russian energy
President Biden and European Commission President Ursula von der Leyen discuss reducing Europe's 40% reliance on Russian gas, driven by the Ukraine conflict. The deal aims to swiftly cut economic ties with Moscow and reshape energy dynamics in response to the ongoing war.
Biden pledges new Ukraine aid warns Russia on chemical weapons.
President Biden and Western allies announced new sanctions, humanitarian aid, and refugee support for Ukraine. The U.S. will welcome up to 100,000 Ukrainian refugees and provide $1 billion in critical supplies, while leaders discuss potential responses to escalating Russian aggression.
The U.S. reinstates 352 product exclusions from China tariffs.
The US Trade Representative has reinstated 352 product exclusions from China tariffs, covering a range of industrial and consumer items. The exclusions, originally imposed during the Trump administration, will be effective retroactively from October 2021 through December 2022.
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, escalating economic pressure over the Ukraine conflict.
Ukraine reports 300 dead in airstrike on Mariupol theater
In a tragic escalation of the Ukraine-Russia war, Ukrainian authorities reported 300 civilian deaths from a Russian airstrike on a Mariupol theater shelter. The March 16 bombing, marked with "CHILDREN" in large letters, has intensified allegations of war crimes against Russian forces.
Russian stock market, crushed by war, will partially reopen
Russia plans to resume limited stock trading nearly a month after the market crashed following the Ukraine invasion. Trading will be allowed for 33 companies in the MOEX Index, including Gazprom, Aeroflot, and Rosneft, with heavy restrictions to prevent massive selloffs.
Poland orders expulsion of 45 Russians suspected of spying.
Poland's Internal Security Agency has ordered the expulsion of 45 Russians identified as intelligence officers operating under diplomatic cover. The state security spokesman stated these individuals were conducting intelligence activities against Poland, prompting the Foreign Ministry to request their immediate removal.
Putin wants ‘unfriendly countries’ to pay rubles for gas.
Russian President Vladimir Putin announced Russia will require countries it considers unfriendly to pay for natural gas exports exclusively in rubles, criticizing Western nations for freezing Russian assets and undermining currency trust.
NATO, in Arctic training drills, faces up to Putin’s ‘unpredictable’ Russia.
NATO faces a more volatile Russian threat as Putin's Ukraine invasion challenges previous assumptions about measured military engagement. U.S. military leaders warn of increased unpredictability in Russian strategic approaches.
UK inflation hits a 30-year high of 6.2% as Sunak readies response.
British inflation surged to 6.2% in February, the highest since 1992, with household energy bills rising almost 25% and food prices increasing across the board. The Office for National Statistics reports the unexpected spike, putting pressure on Finance Minister Rishi Sunak to address the economic squeeze.
