PARIS — As Russia’s invasion of Ukraine has led to a shortage of sunflower oil, food producers plan to replace it with other ingredients such as rapeseed or palm oil. But companies face another problem: printing new packaging and labels in time. That’s why France on Tuesday announced that it will temporarily allow food companies … Read more
Press play to listen to this article It’s not quite the Coalition to Defeat Putin just yet — and the name is admittedly tame if not lame: the Ukraine Defense Consultative Group. Still, if the US ends up forming a global alliance to actively fight against Russia, the roughly 40 countries convened by US Defense … Read more
(Kitco News) Russia’s second-largest gold producer Polymetal prefers to sell its gold abroad since Russian local banks buy the precious metal at a discount. In light of Western sanctions imposed on Russia after its invasion of Ukraine in February, Polymetal’s options of selling its gold are limited. The miner has been targeting non-sanctioned banks, Bloomberg … Read more
(Kitco News) The International Monetary Fund said that Russia could use the crypto universe to get around the Western sanctions that have been imposed on the country since it invaded Ukraine in February. “The war in Ukraine has brought to the forefront some of the challenges that regulators face in terms of applying sanctions and … Read more
Berlin could handle an embargo on Russian oil imports, Germany’s Climate and Economy Minister Robert Habeck said on Tuesday, suggesting the country could end its dependence on Moscow within “days.” Habeck, speaking at a press conference in Warsaw, said that Germany had managed to slash its reliance on Russian oil by two-thirds in recent weeks, … Read more
Germany will send tanks to Ukraine in an about-turn by Chancellor Olaf Scholz after weeks of tensions in his coalition government and pressure from his international allies. The decision is likely to further ratchet up tensions with Moscow, after Sergei Lavrov, the Russian Foreign Minister, said weapons sent to Ukraine would be a “legitimate target” … Read more
FABRICE COFFRINI | AFP | Getty Images UBS has beat expectations for the first quarter of 2022 and said it has further reduced its exposure to Russia. The Swiss bank on Tuesday reported net profit attributable to shareholders of $2.136 billion, above forecasts compiled by the bank of $1.79 billion. It marks a 17% rise … Read more
Russians are believed to have burned the corpses of many their victims, in turning destroying evidence of rape. “For Russians, it is a routine tactic,” Ms Pavlichenko said. “We saw them use similar tactics in Chechnya and Syria. Russians rape to destabilize civilians.” She said that Ukraine had established specialist teams for investigating rape in … Read more
No need for any more conferences: Emmanuel Macron is the future of Europe. With his decisive electoral victory over right-wing challenger Marine Le Pen on Sunday, Macron not only clinched five more years as president of France but also secured his place — for better or worse — at the center of EU decision-making through … Read more
Sergei Lavrov, Russia’s foreign minister, has warned there is a “real” danger of a third world war breaking out after a day of apparent Ukrainian attacks on Russian soil. In an interview with Russian news agencies, he criticized Kyiv’s approach to peace talks, adding: “Goodwill has its limits. But if it isn’t reciprocal, that doesn’t … Read more