Ukraine crisis: G7 Members plan to impose more sanctions on Russia

SUMMARY  Russian President Vladimir Putin said at the military parade in Moscow's Red Square that the operation in Ukraine was necessary and "timely," and had been provoked by the West. He said NATO and Ukraine were creating threats on the Russia borders that are "unacceptable to us."  - Ukrainian president Volodymyr Zelenskyy met virtually with … Continue reading Ukraine crisis: G7 Members plan to impose more sanctions on Russia

May 9: Russia to announce full-fledged war on Ukraine

Russian leaders are discussing the declaration of a "full-fledged war" on Ukraine on May 9, the day Russia celebrates its defeat of Nazi Germany, according to Ukraine Prime Minister Denys Shmyhal. “According to partner intelligence services, Russia has such intentions — to declare a full-fledged war on May 9. Such talk, we understand that there … Continue reading May 9: Russia to announce full-fledged war on Ukraine

US Secretary of Defense explains how Ukraine can win the war against Russia

risis United States Secretary of Defense, Lloyd Austin has revealed the only way Ukraine can win its ongoing war with Russia. The war between Russia and Ukraine started in February 2022 and many casualties have already been recorded. Russian President, Vladimir Putin had ordered the invasion of Ukraine due to political differences between both neighbouring … Continue reading US Secretary of Defense explains how Ukraine can win the war against Russia

Russia: Sanctions on Putin’s daughters ‘difficult to understand’

After new U.S. sanctions targeted Vladimir Putin's two adult daughters and other family members of prominent Russians, a Kremlin spokesman has lashed out at the West. In a newly released list of prominent Russians being sanctioned in response to the war in Ukraine, Putin's daughters, Maria Vorontsova and Katerina Tikhonova, were included in the latest … Continue reading Russia: Sanctions on Putin’s daughters ‘difficult to understand’

Zelenskyy begs Grammys to ‘fill the silence with music’

Ukrainian President Volodymyr Zelenskyy appeared in a video message at the Grammy Awards to ask for support in telling the story of Ukraine’s invasion by Russia. During the pre-recorded message that aired on the show Sunday, he likened the invasion to a deadly silence threatening to extinguish the dreams and lives of the Ukrainian people, … Continue reading Zelenskyy begs Grammys to ‘fill the silence with music’

Canada to boost oil exports amid increasing sanctions against Russia

Canada will increase oil and gas exports by the equivalent of 300,000 barrels a day to help nations that are trying to shift away from Russian supplies, the country’s resources minister said. Energy producers can raise shipments of crude by 200,000 barrels a day and natural gas by the equivalent of 100,000 by year-end by … Continue reading Canada to boost oil exports amid increasing sanctions against Russia

Ukraine Crisis: Should US increase defense spending?

The 2023 budget request the White House will send to Congress on Monday must reflect that “the world is dangerous and getting smaller,” Senate Minority Leader Mitch McConnell, R-Ky., said Thursday. “We have to meet the military requirements that come from being a superpower facing growing threats to our global interests,” McConnell said on the … Continue reading Ukraine Crisis: Should US increase defense spending?

How US ban on Russian oil will affect consumers

Image shows Russian President Vladimir Putin (left) with Russian billionaire Alisher Usmanov in 2018. Mikhail Svetlov/Getty Image President Joe Biden announced Tuesday that the US will ban Russian energy imports as part of sanctions responding to Russia's invasion of Ukraine. The embargo will include oil, liquefied natural gas and coal.  "That means Russian oil will … Continue reading How US ban on Russian oil will affect consumers

Why China will not impose financial sanctions on Russia

China will not join the financial sanctions against Russia, the country's banking and insurance regulator said.  China does not support financial sanctions, especially unilateral sanctions, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a press conference in Beijing, noting that unilateral sanctions cannot effectively address the problems and they lack … Continue reading Why China will not impose financial sanctions on Russia

Meaning of SWIFT and the economic implications of its ban in Russia

Photo by Ivan Samkov on Pexels.com Russia's invasion of Ukraine has intensified calls to impose sanctions that would devastate the Russian economy and target leaders in its government. One of the key demands put forward by the Ukrainian government is for Russia to be barred from SWIFT - the world's most-used interbank communications system. "I … Continue reading Meaning of SWIFT and the economic implications of its ban in Russia

Major economic consequences of the Ukraine armed conflict

Russia's military operation in Ukraine has been rapid and dramatic, but the economic consequences will be much slower to materialize and less spectacular. The war itself is enormously tragic, first and foremost for the Ukrainian people, but also for the Russian people and the global order more generally. When something like this happens, we expect it to … Continue reading Major economic consequences of the Ukraine armed conflict

Tears from South Africans caught up in Russia’s invasion of Ukraine

Photo by Pavel Danilyuk on Pexels.com When she left for Ukraine earlier this week, Victoria Field had no idea she would be preparing to live in a now war-torn city. Never in her wildest dreams did she even think that her son would be called up to fight for the Ukrainian army. Field, who lives … Continue reading Tears from South Africans caught up in Russia’s invasion of Ukraine