The invasion of Ukraine has led many Western brands to shun Russia, but some still have outlets open in the country and say they are not able to shut them. Marks and Spencer, Burger King, and hotel groups Marriott and Accor are restricted by complex franchise deals preventing them from withdrawing. The firms have outsourced […]
Tag: Ukraine invasion
A ‘cold-blooded’ alliance? China could be a pivotal force in Russia’s war against Ukraine
CIA Director William Burns recently offered a stark assessment of the alliance between Russia and China during a high-profile hearing on Capitol Hill. It is driven by “very cold-blooded” calculations, the U.S. spy chief – a former U.S. ambassador to Russia – told lawmakers on Thursday. Chinese President Xi Jinping may be “unsettled” by Russia’s […]
Russia sanctions: How the measures have changed daily life
The US, UK and EU have put in place unprecedented financial penalties on Russia over its invasion of Ukraine, and hundreds of international companies have pulled out of the country. The impact of these measures is just starting to be felt, with the cost of basic products rising, a looming risk of job losses, and […]
Canadian Sniper Called ‘One of the World’s Deadliest’ Heads to Help Ukraine
A Canadian soldier known as “one of the world’s deadliest” snipers left his computer programmer job, his wife and year-old son to cross the Ukrainian border at night and fight Russian invaders alongside other foreign volunteers, according to the Canadian Broadcasting Corporation (CBC). Capable of killing a person with a rifle from over 2 miles […]
GOP rips Congress for sending $14 billion to protect Ukrainian border but not funding wall
Members of the Republican Party are criticizing senate lawmakers’ proposal to send $14 billion to protect Ukraine’s border but failing to pass $5 billion in funding to build a border wall to protect America’s border. The $14 billion in assistance is part of a broader $1.5 trillion spending measure to dramatically increase funding for various […]
US natural gas companies targeted by hackers before Ukraine invasion
Hackers infiltrated computers belonging to current and former employees at nearly two dozen major natural gas suppliers just before Russia invaded Ukraine, according to a new report. In the two weeks leading up to the Russian invasion last month, a cyberattack targeted 21 companies involved with the production of LNG (liquefied natural gas), including California-based […]
Russia warns of $300 oil, threatens to cut off European gas if / when West bans energy imports
Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if / when the West goes ahead with a ban on its energy exports. “It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy Prime Minister Alexander […]
What would happen if the US imposed a no-fly zone in Ukraine?
Ukrainian President Volodymyr Zelenskyy has pleaded with U.S. leaders and NATO to impose a no-fly zone over his country as it continues warring with Russia, setting off a debate about the consequences such a move would have. “If there were a no-fly zone, and we had to enforce it, that would mean U.S. planes flying […]
Ukraine war hits farmers as Russia cuts fertilizer supplies
Before the Ukraine conflict, farmers across the world were struggling to buy enough fertilizers, some of which more than doubled in price last year. Higher natural-gas prices hampered production of the ammonia needed for nitrogen fertilizers, while power outages at Chinese fertilizer plants and Hurricane Ida in the U.S. curtailed global production. War in Ukraine […]
Mastercard, Visa suspend operations in Russia after invasion
Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country’s financial system after its invasion of Ukraine. Mastercard said cards issued by Russian banks will no longer be supported by its network and any Mastercard issued outside the country will not work at Russian stores […]
Oil Rally Explodes As US Mulls Russia Crude Ban, Saudis Hike Selling Price
Crude prices posted double-digit weekly gains and closed at their highest in at least nine years after the White House said it was considering a ban on Russian oil imports, adding to the worries of a market already hyped up about sanctions on one of the world’s largest energy exporters. The escalating war in Ukraine […]
Zelensky slams Nato over rejection of no-fly zone
Ukraine’s president has attacked Nato leaders in a fiery speech over their refusal to implement a no-fly zone around the country. Speaking from Kyiv, Volodymyr Zelensky said the West’s reluctance to intervene has given Russia “a green light” to continue bombarding towns and villages. Nato has argued that a no-fly zone will result in confrontation […]