Russia’s attack on Ukraine could affect wheat supplies in the Arab world where millions are already struggling to survive. Russia is the world’s top wheat exporter and Ukraine is the fourth, according to the U.S. Department of Agriculture. Any disruption in supplies “could trigger renewed protests and instability” in several Middle Eastern an...
The British government on Sunday announced an increase in aid to the government and people of Ukraine as they battled a Russian invasion for the fourth consecutive day. Prime Minister Boris Johnson announced a further increase of over $50 million in aid to Kyiv which will see the provision of much needed medical supplies and […]
The leaders of the Group of Seven (G7) industrialized nations said Sunday they will continue to take steps if Russia does not stop its “war of aggression” against Ukraine. The leaders of Canada, France, Germany, Italy, Japan, the UK and the US held a video conference chaired by German Foreign Minister Annalena Baerbock and also […]
Russia’s war against Ukraine “will last” and the world must prepare for the crisis with determination, French President Emmanuel Macron has warned as he accelerated military deployment in neighboring Eastern European countries to support Kiev. “War has returned to Europe,” Macron told businessmen and industrialists at an agriculture event in P...
ANKARA (AA) – The Organization for Economic Co-operation and Development (OECD) on Friday announced that it has decided to formally terminate the accession process with Russia, which was postponed in 2014. In a statement, the organization added that it will close its Moscow office and stop all invitations to Russia at ministerial levels....
ANKARA (AA) – International sanctions imposed on Russia are expected to affect global economy, which is still trying to recover from the shock of the pandemic, the head of International Monetary Fund (IMF) said on Friday. Kristalina Georgieva said the effects of the sanctions would be seen in energy and grain prices, which would increase...
MOSCOW, RUSSIA – FEBRUARY 24: Russian President Vladimir Putin met Pakistani Prime Minister Imran Khan in Moscow on Thursday, Feb. 24, amid high tensions between Moscow and Kyiv. A brief statement by the Kremlin said the two leaders discussed “the main aspects of bilateral cooperation and exchanged views on current regional topics, inclu...
LONDON (AA) – Britain on Thursday announced further sanctions targeting Russian banks, companies, entities and individuals. Prime Minister Boris Johnson described the sanctions as the “largest and most severe package” of sanctions “that Russia has ever seen,” as Moscow launched a military intervention into Ukraine...
The Russian Central Bank has announced that it will begin to intervene in the foreign exchange market after the Russian currency plunged to a record low following the Russian military intervention in Ukraine. “The Bank of Russia will ensure the maintenance of financial stability and business continuity of financial institutions by using ...
New sanctions imposed by the US, UK and the European Union are targeting some names close to Russia’s president and Russian banks following Moscow’s decision to officially recognize the so-called administrations of two separatist regions in eastern Ukraine. While the activities of some Russian banks in international markets were restricted wit...
