Page 149 - Russia

Financial crime watchdog FATF suspends Russia's membership over Ukraine war

The FATF on Friday suspended Russia's membership for its "illegal, unprovoked and unjustified" full-scale military invasion of Ukraine, an official statement said. Russia's actions were "unacceptably run" counter to FATF's core principles that aims to promote security, safety, and integrity of the global financial system, it said. One year after Russian's illegal, unprovoked and unjustified full-scale military invasion of Ukraine, FATF reiterates its deepest sympathies for the people of Ukraine and continues to deplore the huge loss of lives and malicious destruction caused by Russia's ongoing "brutal attack" on Ukraine, said the statement issued after the FATF plenary held in Paris. "Strongly condemning" its "war of aggression" against Ukraine, the FATF said over the past year, Russia has "intensified its inhumane and brutal attacks" targeting critical public infrastructure, the statement said. The global watchdog on terror financing said it is also deeply concerned by the reports

Oil prices drop as rising inventories offset Russian output cuts

Brent crude futures were down 57 cents, or 0.7%, at $81.64 a barrel by 1423 GMT, having risen by more than $1 earlier in the session

US announces sweeping new Russia sanctions 1 year into war with Ukraine

The U.S. announced a new round of sanctions on Russian firms, banks, manufacturers and people Friday, aiming them at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine. Russia's metals and mining sector is among those targeted in one of the U.S. Treasury Department's "most significant sanctions actions to date, according to the agency. The action, taken in coordination with Group of Seven allies, seeks to punish 250 people and firms, puts financial blocks on banks, arms dealers and technology companies tied to weapons production, and goes after alleged sanctions evaders in countries from the United Arab Emirates to Switzerland. Our sanctions have had both short-term and long-term impact, seen acutely in Russia's struggle to replenish its weapons and in its isolated economy, Treasury Secretary Janet Yellen said in a written statement. "Our actions today with our G7 partners show that we will stand with Ukraine for as long as it takes. Yellen is

A year into Russia-Ukraine war. How events unfolded

The war in Ukraine began a year ago. It killed thousands, forced millions to flee their homes, reduced entire cities to rubble and has fuelled fears the confrontation could slide into an open conflict between Russia and Nato. Watch the video and take a look at some of the main events in the conflict. #russia #ukraine #nato #zelenskyy #putin #biden

Russia launches rescue ship for two cosmonauts to space station after leaks

Russia launched a rescue ship on Friday for two cosmonauts and a NASA astronaut whose original ride home sprang a dangerous leak while parked at the International Space Station. The new, empty Soyuz capsule should arrive at the orbiting lab on Sunday. The capsule leak in December was blamed on a micrometeorite that punctured an external radiator, draining it of coolant. The same thing appeared to happen again earlier this month, this time on a docked Russian cargo ship. Camera views showed a small hole in each spacecraft. The Russian Space Agency delayed the launch of the replacement Soyuz, looking for any manufacturing defects. No issues were found, and the agency proceeded with Friday's predawn launch from Kazakhstan of the capsule with bundles of supplies strapped into the three seats. Given the urgent need for this capsule, two top NASA officials travelled from the US to observe the launch in person. To everyone's relief, the capsule safely reached orbit nine minutes after lift

China's Xian Bingo in talks with Russia to supply 100 drones: Report

Reportedly, Bingo also has plans to deliver components and know-how to Russia so that they can produce 100 drones a month domestically

China calls for Russia-Ukraine cease-fire, peace talks to end conflict

China has called for a cease-fire between Ukraine and Russia and the opening of peace talks as part of a 12-point proposal to end the conflict. The plan issued on Friday morning by the Foreign Ministry also urges the end of Western sanctions imposed on Russia, measures to ensure nuclear facilities, the establishment of humanitarian corridors for the evacuation of civilians and steps to ensure the export of grain, after disruptions caused global food prices to spike. China has claimed to be neutral in the conflict, but it has a no limits relationship with Russia and has refused to criticize its invasion of Ukraine over even refer to it as such, while accusing the West of provoking the conflict and fanning the flames" by providing Ukraine with defensive arms. The peace proposal mainly elaborated on long-held Chinese positions, including referring to the need that all countries' sovereignty, independence and territorial integrity be effectively guaranteed." It also called an end to th

Yellen, G7 urge more aid for Ukraine and adherence to Russia sanctions

Yellen took the lead in urging the IMF to pull together a loan programme for Ukraine, adding that Washington was preparing an additional $10 billion in economic assistance

Biden to host G7 virtual meet, announce sanctions against Russia: WH

US President Joe Biden on Friday would host a virtual meeting of leaders from G-7 nations along with his Ukrainian counterpart Volodymyr Zelensky during which he will expect sweeping sanctions against Russia as its war against Ukraine enters the second year, the White House has said. G-7 comprises seven major world economies Canada, Italy, France, United Kingdom, Germany, Japan and the United States. Tomorrow morning, President Biden will gather with G-7 leaders and President Zelenskyy for a virtual meeting to continue coordinating our efforts to support Ukraine and hold Russia accountable for its war, White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference. Thanking Japan, the new G-7 president, for its recent pledge to provide Ukraine with an additional USD 5.5 billion in economic assistance, Jean-Pierre said Tokyo has proven a steadfast ally, ready to step up and do its part to advance their shared interests and values. Our alliance with Japan

Will impose more sanctions on Russia: US treasury secretary Yellen in India

Yellen also met Finance Minister Nirmala Sitharaman for a bilateral meeting on the sidelines of G20

Managing a crisis: Russia-Ukraine war outbreak a setback for Indian economy

But its impact has been kept under check

NATO chief sees 'some signs' China could back Russia's war against Ukraine

NATO's chief has said that the military alliance has seen some signs that China may be planning to support Russia in its war in Ukraine, and strongly urged Beijing to desist from what would be a violation of international law. NATO Secretary General Jens Stoltenberg also told The Associated Press in an interview on Wednesday that the alliance, while not a party to the war, will support Ukraine for as long as it takes. Asked whether NATO has any indication that China might be ready to provide arms or other support to Russia's war, Stoltenberg said: We have seen some signs that they may be planning for that and of course NATO allies, the United States, have been warning against it because this is something that should not happen. China should not support Russia's illegal war. Stoltenberg said potential Chinese assistance would amount to providing (direct) support to a blatant violation of international law, and of course (as) a member of the UN security council China should not in an

Russian FM Lavrov to attend G20 Foreign Ministers' meet in India next month

Russian Foreign Minister Sergei Lavrov will be on a three-day visit to India to participate in the G2O Foreign Ministers' meeting in New Delhi from March 1-2, Russia's Ministry of Foreign Affairs said.Taking to Twitter, Russia's Foreign Ministry said that Lavrov will also meet External Affairs Minister S Jaishankar during his visit from March 1-3."March 1-3, New Delhi, negotiations with Indian FM @DrSJaishankar & participation in the meeting of the Foreign Ministers of the #G20 Member States," the Ministry tweeted.The foreign ministers of the Group of Twenty (G20) countries are set to meet in New Delhi in March.India's special invitee guest countries are Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, Spain and UAE. India is hosting G20 meetings across several cities around the country.The Russian Foreign Ministry also tweeted that he will hold meetings with Azerbaijan's President Ilham Aliyev and will also negotiate with his Azerbaijani counterpart Jeyhun ..

Ready to defend our national interests, dignity together with Russia: China

Beijing's top diplomat in Russia: 'No country can affect our ties with Moscow'

Host India does not want G20 to discuss more sanctions on Russia: Report

The officials said the war's macroeconomic impact would be discussed but India does not want to deliberate on additional actions against Russia

China-US superpower rivalry grows after war sweeps away multipolar world

The world order that seems to be emerging out of the Ukrainian rubble looks an awful lot like that of the Cold War

Russia-Ukraine war cost world economy $1.6 trn in 2022, says study

A German study has found that the ongoing Russia-Ukraine war cost the world economy a whopping $1.3 trillion in 2022.

Russia calls UN Security Council meeting on Nord Stream pipelines sabotage

Russia called a Security Council meeting Tuesday on last September's explosions at the Nord Stream 1 and 2 gas pipelines from Russia to Western Europe after circulating a resolution calling for a U.N. investigation of the sabotage. Ahead of the meeting, the ambassadors of Denmark, Sweden and Germany sent a letter to council members saying their investigations have established the pipelines were extensively damaged "by powerful explosions due to sabotage. The letter, circulated Tuesday morning, said further investigations are being conducted in all three countries and that it's unclear when they'll finish. It says Russian authorities have been informed about the ongoing investigations. Security Council experts held closed consultations Monday on the Russian draft resolution and council diplomats said there was opposition to it. No vote was expected at Tuesday's meeting, council diplomats said. Some council diplomats view the resolution as a spoiler attempt to take the spotlight off

India's HPCL faces challenges paying for Russian oil as banks baulk: Source

India's state-run Hindustan Petroleum Corp is facing difficulties in paying for Russian oil imports following a Dec. 5 price cap imposed by Western nations as banks shy away from processing payments

Global shares retreat on mixed manufacturing indicators in Europe, Asia

Global shares were mostly lower on Tuesday after manufacturing indicators in Europe and Asia painted a mixed picture and Russian President Vladimir Putin accused Western countries of threatening Russia. Shares fell in early trading in France, Germany and Britain and US futures declined. Oil prices were mixed. Russian President Vladimir Putin railed against the West Tuesday in a long-delayed state-of-the-nation address that shed light on how the Kremlin sees its bogged-down war in Ukraine. Such geopolitical factors add to uncertainties over slowing growth and weakening consumer demand in many economies. France's CAC 40 fell 0.1 per cent in early trading to 7,327.24. Germany's DAX lost 0.2 per cent to 15,441.85. Britain's FTSE 100 edged down 0.1 per cent to 8,005.92. After US markets were closed Monday for President's Day, the future for the Dow Jones Industrial Average was 0.6 per cent lower while that for the S&P 500 lost 0.7 per cent. In Europe, surveys of factory managers showed