On Monday, in a statement Bulgaria’s Prime Minister Kiril Petkov said, while it supports economic sanctions on Russia it will seek an exception on banning Russian natural gas and oil imports. Bulgaria, a member of the European Union as well… Read More ›
Russia
World Bank approves $723M loan and grants for Ukraine
On Monday, the World Bank said its executive board has approved a $723 million loan package and grants for Ukraine. The move is aimed at providing desperately cash to the Ukrainian government to support its budget even as it battles… Read More ›
Russian banks increase usage of China’s SWIFT alternative UnionPay
With VISA and Mastercard deciding to withdraw from Russia following its invasion of Ukraine, the Russia’s central bank said local lenders could look to using China’s UnionPay system. It also went on to add, Russian-issued Mastercard and Visa cards would… Read More ›
US gasoline prices continue to rise, Russia China trade continues to grow despite sanctions
In a statement auromobile club AAA said, U.S. gasoline prices at pump stations have soared by 11% in the last week touching their highest levels since July 2008. Global sanctions on Russia has blocked Russia’s ability to export crude oil… Read More ›
Denmark boosts defense spending to 2% of GDP by 2033
In a statement Danish Prime Minister Mette Frederiksen said, Denmark will significantly increase its defence budget and aims to slash its dependence on Russian natural gas following Russia’s invasion of Ukraine. Denmark aims to increase its defence spending gradually to… Read More ›
New Zealand expands sanctions on Russia
On Monday , New Zealand’s government stated, it will introduce legislation to allow it slap a first-of-its-kind sanctions against Russia following its invasion of Ukraine. New Zealand’s Prime Minister Jacinda Ardern said, the sanctions will give the country the ability… Read More ›
Israeli Prime Minister Naftali Bennett returns from Russia, speaks again to Zelenskiy
On Sunday, a spokesperson for Israeli Prime Minister Naftali Bennett said, the Prime Minister has again had talks with Ukrainian President Volodymyr Zelenskiy today marking their third conversation in two days. The spokesperson did not provide any further details. On… Read More ›
Reviving 2015 Iran nuclear deal close: France, UK
According to envoys from France and Britain, indirect negotiations between the United States and Iran on reviving the 2015 Iran nuclear deal are closed being clinched. “We are close. E3 negotiators leaving Vienna briefly to update Ministers on state of… Read More ›
EU suspends Russia, Belarus from Council of Baltic Sea States
In a statement the European Union said, it has joined members of the Council of the Baltic Sea States (CBSS) in suspending Russia and Belarus from the Council’s activities. “This decision is a part of the European Union’s and like-minded… Read More ›
Former Soviet Union state Moldova applies for EU membership
Following the Russian invasion of Ukraine, Moldovan President Maia Sandu has formally applied for her country to join the European Union charting a pro-Western course for the country that was formerly in the Soviet Union. Sandu’s request for joining the… Read More ›