Tag Archives: Ukraine

The International Energy Forum called on world leaders Thursday to avoid supply disruptions that would only drive oil prices higher in the wake of Russia’s invasion of Ukraine.  “We urge producer and consumer countries to have a sensitive focus on energy market stability and prevent any disruption to supplies that could lead to further increased prices and heightened volatility,” Joseph McMonigle, secretary general of the International Energy Forum (IEF), said in a statement. The… Source link

Shares in Russia’s largest tech company Yandex are down 71 percent compared to February 16. They dropped 54.4 percent directly after the invasion of Ukraine on February 23. The dramatic fall comes as part of a wider collapse of Russian stocks as investors fear growing turmoil and state sanctions. Yandex launched a public cloud service in 2018, initially for its home… Source link

Russia’s attack on Ukraine is fueling geopolitical risk that may push the Federal Reserve away from a more aggressive interest rate increase in March. Fed officials, who are still eager to begin the process of paring back pandemic-era easy money policies, say they are monitoring any spillover effects of the conflict onto U.S. economic activity. “These create a lot of uncertainty and uncertainty, as we know, is a demand shock,” San Francisco Fed President Mary Daly told reporters on Feb…. Source link

Russian President Vladimir Putin signaled the start of a military operation in Ukraine early Thursday morning local time, announcing that Russian troops would enter Ukraine’s Donbas region. The territory is held by Russian-backed separatists, and Putin declared it independent of Ukraine earlier this week. “I have decided to conduct a special military operation,” Putin said in a speech broadcast on Russian television. “Russia cannot exist with a constant threat emanating from the… Source link

WASHINGTON — “You have to understand, George. Ukraine is not even a country.” Those were the jarring — and, it would turn out, prescient — words uttered by Russian strongman Vladimir Putin in 2008, during a meeting with then-President George W. Bush. It was an unambiguous assertion of ownership over a sovereign nation, an assertion that has particular resonance 14 years later, as Putin has just recognized the independence of two Ukrainian regions and sent troops to bolster… Source link

(Bloomberg) — Oil was whipsawed along with gold after France said that the U.S. and Russian presidents agreed to a summit meeting over Ukraine. Most Read from Bloomberg West Texas Intermediate sank as much as 0.8%, reversing an early gain, after Joe Biden and Vladimir Putin agreed to the “principle” of a summit proposed by French President Emmanuel Macron, according to statements from the White House and the Elysee. There was no immediate confirmation from the Kremlin. See also: Biden… Source link

President Joe Biden and U.S. officials including Secretary of State Antony Blinken are sounding the alarm on a potential impending Russia invasion of Ukraine. That’s adding to pressure on equity markets, as one prominent economist warns of the stagflationary risks if there is indeed military conflict. “If it were to get worse — which is a big if — a very strong stagflationary wind would blow through the global economy,” Mohamed El-Erian, president of Queens College at Cambridge… Source link

Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, said Friday that if Russia decides to attack Ukraine, “it would be horrific,” and that such a move would result in “a significant amount of casualties,” particularly in Ukraine’s dense, urban areas. Milley offered this grim assessment during a Friday press conference at the Pentagon, where he addressed the latest developments in the mounting crisis alongside Defense Secretary Lloyd Austin. While both men insisted that… Source link

In response to the rising threat of a Russian military invasion of Ukraine, NATO forces in the region have begun mobilizing. Spain announced Thursday that two of its warships were en route to the Black Sea, the body of water that borders southern Ukraine, to partake in military exercises originally planned for later this year. Spain may also send fighter jets to Bulgaria, where the Dutch government is sending F-35s, while, according to military analyst Gustav Gressel, senior policy fellow at… Source link