Waves of sanctions imposed by the Biden administration after Russia's invasion of Ukraine haven't inflicted the devastating blow to Moscow's economy that some had expected. In a new report, two researchers are offering reasons why. Oleg Itskhoki of Harvard University and Elina Ribakova of the Peterson Institute for International Economics argue that the sanctions should have been imposed more forcefully immediately after the invasion rather than in a piecemeal manner. In retrospect, it is evident that there was no reason not to have imposed all possible decisive measures against Russia from the outset once Russia launched the full scale invasion in February 2022, the authors state in the paper. Still, the critical takeaway is that sanctions are not a silver bullet, Ribakova said on a call with reporters this week, to preview the study. The researchers say Russia was able to brace for the financial penalties because of the lessons learned from sanctions imposed in 2014 after it inva
Ukraine President Volodymyr Zelenskyy urged global leaders Wednesday to stand with his country and not seek "a lull" instead of a "real, just peace" more than two years into Russia's war.Speaking at UN General Assembly, he said, "Any parallel or alternative attempts to seek peace are, in fact, efforts to achieve a lull instead of an end to the war."He called for adoption of his two-year-old proposal to restore internationally recognized boundaries between Russia and Ukraine."And we need to make it clear--the war is over. This is the Peace Formula. What part of this could be unacceptable to anyone who upholds the UN Charter? We must uphold the UN Charter and guarantee our right--Ukraine's right--to territorial integrity and sovereignty, just as we do for any other nation. We need to withdraw the Russian occupiers, which will bring an end to the hostilities in Ukraine," said Zelenskyy."Any parallel or alternative attempts to seek peace are, in fact, efforts to achieve a lull instead of .
Former President Donald Trump has described Ukraine in bleak and mournful terms, referring to its people as dead and the country itself as demolished," and further raising questions about how much the former president would be willing if elected again to concede in a negotiation over the country's future. Trump argued on Wednesday that Ukraine should have made concessions to Russian President Vladimir Putin in the months before Russia's February 2022 attack, declaring that even the worst deal would've been better than what we have now." Trump, who has long been critical of US aid to Ukraine, frequently claims that Russia never would have invaded if he was president and that he would put an end to the war if he returned to the White House. But rarely has he discussed the conflict in such detail. His remarks, at a North Carolina event billed as an economic speech, come on the heels of a debate this month in which he pointedly refused to say whether he wanted Ukraine to win the war. On
During the meeting, Zelenskyy also expressed his gratitude for the US's support in Ukraine's defence efforts
Ukraine's president urged global leaders Wednesday to stand with his country and not seek an out instead of a real, just peace" more than two years into Russia's war. At a time when he faces growing pressure from Western allies and some of his fellow Ukrainians to negotiate a cease-fire, President Volodymyr Zelenskyy told the U.N. General Assembly there's no alternative to the peace formula he presented two years ago. Among other things, it seeks the expulsion of all Russian forces from Ukraine and accountability for war crimes. Any parallel or alternative attempts to seek peace are, in fact, efforts to achieve an out instead of an end to the war, he said. Do not divide the world. Be united nations, he implored. And that will bring us peace.
The victory plan that President Volodymyr Zelenskyy will present to the White House this week asks the Biden administration to do something it has not achieved in the two and a half years since Russia invaded Ukraine: act quickly to support Kyiv's campaign. While Western dawdling has amplified Ukraine's losses, some Ukrainian officials, diplomats and analysts fear Kyiv's aim to have the plan implemented before a new US president takes office in January may be out of reach. US Ambassador to the UN Linda Thomas-Greenfield, reportedly briefed on the plan, said it can work but many privately question how. The specifics of Zelenskyy's blueprint have been kept under wraps until it can be formally presented to President Joe Biden, but contours of the plan have emerged, including the need for fast action on decisions Western allies have been mulling since the full-scale invasion began in 2022. It includes the security guarantee of NATO membership, according to Zelenskyy's chief of staff ..
Ukrainian President Volodymyr Zelenskyy told the UN Security Council that we have to prepare the second peace summit to end the Russia-Ukraine war altogether and he has invited India and other countries to join the peace process. We all know what needs to be done if we honestly look at the situation and truly want to stop Russia's war. Most importantly, act together, of course in unity, without creating new and unnecessary divisions of the world into blocks or regional groups, Zelenskyy here on Tuesday told a Security Council meeting on the Ukraine conflict. Zelenskyy said that unity always works for peace and we have to prepare the second peace summit to end the war altogether. And I invite all of you, all principle nations to join us in this process, all who truly respect the UN Charter. We invite China. We invite Brazil. I have already invited India. We are working with African nations, all of Latin America, the Middle East, Central Asia, Europe, the Pacific region, and North ...
Prime Minister Narendra Modi has held talks with Ukrainian President Volodymyr Zelenskyy and reiterated India's commitment for an early resolution of the conflict in Ukraine and the restoration of peace and stability in the region. Modi, who is in New York on the last leg of his three-day visit to the US, met Zelenskyy on the sidelines of the UN's landmark Summit of the Future on Monday. This was the third meeting between the two leaders in about three months. They last met in the Ukrainian capital city of Kyiv on August 23 during the prime minister's visit to the country. In June, Modi held talks with Zelenskyy on the sidelines of the G7 summit in Italy's Apulia. "Met President @ZelenskyyUa in New York. We are committed to implementing the outcomes of my visit to Ukraine last month to strengthen bilateral relations. Reiterated India's support for early resolution of the conflict in Ukraine and restoration of peace and stability," Modi said in a post on X. Modi reiterated "India's
Zelenskiy also held talks with Japanese Prime Minister Fumio Kishida on Japan's energy aid to Kyiv
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Both sides deny targeting civilians in their attacks, but thousands of civilians have been killed - the vast majority of them Ukrainians - in the war that Moscow launched with a full-scale invasion
The Ukrainian leader has said he wants to present the plan to President Joe Biden and his two potential successors
A major Ukrainian drone attack set multiple Russian arms depots ablaze, destroying what Ukraine's General Staff said were thousands of tons of weaponry, including missiles from North Korea. President Volodymyr Zelenskyy, meanwhile, appealed for quick action from the United States to send more weapons before his visit to the White House next week with a multi-point victory plan". Ukraine launched more than 100 drones at Russia and the occupied Crimean Peninsula overnight, Russian news reports and the Defence Ministry said on Saturday. The strikes set an arms depot on fire that appeared to be near the same town as one struck by Ukrainian drones earlier this week, in an attack that wounded 13 people and also caused a huge blaze. Arms and ammunition depots were also hit on Saturday in Russia's southern Krasnodar region. The victory plan that Zelenskyy will present to US President Joe Biden will include long-range strike capabilities and other weapons long sought by Kyiv, and will serve
Ukraine restrict the use of Telegram in government agencies, military formations, and critical infrastructure facilities
European Union chief Ursula von der Leyen is travelling to war-ravaged Ukraine on Friday with the promise of 160 million euros ($180 million) in fresh energy funds to get the nation through the winter. Von der Leyen told reporters that 100 million euros ($112 million) of the funds would come from the proceeds of the Russian assets held in the EU because of the 2022 invasion of Ukraine. "It is only right that Russia pays for the destruction it caused." The European Union estimates that about half of Ukraine's energy infrastructure has been destroyed, making the job of heating homes, hospitals and schools increasingly difficult as temperatures dip ahead of the third war winter that the nation will face. Von der Leyen said Russia knew full well that bombing energy stations was hitting Ukraine where it really hurts. Morale to keep on fighting can be significantly sapped if millions shiver in the brutal winter for months on end. "We may see huge implications," said Fatih Birol, the head
Ukraine has banned government officials, military personnel and other defence and critical infrastructure workers from installing the popular Telegram messaging app on state-issued devices, describing the move as necessary for national security during the war with Russia. Ukraine's National Cybersecurity Coordination Centre said it issued the ban for the official devices of government employees, military personnel, security and defence workers, and critical infrastructure employees. The ban was announced Friday by Ukraine's Security and Defence Council in a statement on Facebook. During a meeting on Thursday, the Security Service of Ukraine and the General Staff of the Armed Forces of Ukraine said Telegram is actively used by Russia for cyberattacks, phishing, spreading malware, establishing user locations and calibrating missile strikes. An exception to the ban will be allowed for people who use the app in their official duties. Ukrainians are free to use the app in their personal
Zelenskiy told a joint press conference with von der Leyen that Ukraine planned to use a proposed multi-billion dollar European Union loan for air defence, energy and domestic weapons purchases
Authorities in Ukraine advised residents in the capital Kyiv to stay indoors Friday as air pollution, partly caused by fires in the region, blanketed the city. Ukraine's Ministry of Environmental Protection and Natural Resources said the pollution was a result of the burning of peatlands and other wildfires in the region combined with autumn temperature fluctuations. The capital woke up to thick smog with the rancid smell of blazing fires in the air. Some people were spotted wearing masks. The Ukrainian capital topped a list of the most polluted major cities early Friday in a real-time database by IQAir, a Swiss company that monitors air quality levels. Its air quality appeared to have improved somewhat since as the city came down in the ranking later in the day. Kyiv's Department of Environmental Protection and Climate Change said that the likely cause of this is fires in the Kyiv region. Fires have been reported in the Vyshhorod district, around 20 kilometers (around 12 miles) n
An additional 3,500 forged wheels are en route from Ukraine; earlier this year, orders were placed with the Swiss company for a total of 10,000 forged wheels, valued at Rs 72 crore
Ukrainian President expects to discuss the details of this plan and the US' support for Ukraine in its right to freedom