Georgia’s breakaway region of South Ossetia ditches referendum on joining Russia

Georgia's breakaway region of South Ossetia ditches referendum on joining Russia

Issued on: 31/05/2022 – 00:58 The leader of Georgia’s breakaway region of South Ossetia on Monday scrapped plans to hold a referendum on joining Russia which his predecessor had scheduled for July 17. South Ossetia was at the centre of the Russian-Georgian war in 2008 after which the Kremlin recognised the territory as an independent

How the Ukraine conflict is reshaping global oil markets

Oil tank cars and railroad freight wagons in Omsk, Russia, on May 24. Sanctions imposed on Moscow after the conflict in Ukraine kicked off in February, including a U.S. ban on its oil imports, have prompted Russia to pivot away from Europe, where its crude is shunned, to customers in India and China who are picking up cargoes at a steep discount. | REUTERS

LONDON – Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia. The reroutings mark the biggest supply-side shakeup of the global oil trade since the U.S. shale revolution

French journalist killed in eastern Ukraine while covering ‘reality of the war’

French journalist killed in eastern Ukraine while covering ‘reality of the war’

Issued on: 30/05/2022 – 19:00 A French journalist was killed Monday during a Russian bombardment that struck a vehicle evacuating civilians from eastern Ukraine, French and Ukrainian officials said. “Frédéric Leclerc-Imhoff was in Ukraine to show the reality of war,” French President Emmanuel Macron wrote on Twitter. He “was in Ukraine to show the reality

EU spares pipeline oil from Russian embargo plan to break logjam

The Druzhba petroleum pipeline between Hungary and Russia. The European Commission sent a revised proposal to national governments on Saturday that would spare shipments of oil through the giant Druzhba pipeline. | AFP-JIJI

The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline in an effort to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package that would target Moscow for its war in Ukraine. The European Commission, the EU’s executive arm, sent a revised proposal to

Confindustria, nel secondo trimestre scenario ancora complicato – Economia

Confindustria, nel secondo trimestre scenario ancora complicato - Economia

   Tra “segnali discordanti” per l’economia “rincari e scarsità colpiscono l’industria, i minori contagi aiutano i servizi. Intanto salgono i tassi”. Con “più occupati”. L’analisi ‘congiuntura flash’ del centro studi di Confindustria evidenzia che “nel secondo trimestre 2022 lo scenario per l’Italia resta complicato (dopo il -0,2% del Pil nel primo) per il proseguire del

How a Russian billionaire shielded assets from European sanctions

A superyacht owned by Russian tycoon Andrey Melnichenko in London in 2016. | REUTERS

ISTANBUL/BRUSSELS – Russian businessman Andrey Melnichenko ceded ownership of two of the world’s largest coal and fertilizers companies to his wife the day before he was sanctioned by the European Union, according to three people familiar with the matter. Melnichenko, who built his fortune in the years following the 1991 fall of the Soviet Union,

How Russia plans to take on Google and Apple’s app stores

Explained How Russia plans to take on Google and Apples app stores

Apple and Alphabet-owned Google operate the two largest app stores in the world — App Store and Play Store respectively. Responding to Moscow’s actions against Ukraine, these two app stores have limited access for Russian users. In reply, Russian internet group VK has recently launched a homemade app store. VK has launched this domestic app

Russia preparing law to allow seizure of west-owned businesses seeking exit

Russian President Vladimir Putin chairs a meeting of the State Council Presidium at the Kremlin in Moscow on Wednesday. A law to seize the property of foreign investors follows an exodus of western companies, such as Starbucks, McDonald's and brewer AB InBev, and increases pressure on those still there. | SERGEI GUNEYEV / SPUTNIK / VIA AFP-JIJI

Russia is advancing a new law that will allow it to take control of local businesses operated by western companies leaving in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit. The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there

China, Russia veto US-led push for tougher sanctions on North Korea

China, Russia veto US-led push for tougher sanctions on North Korea

Issued on: 27/05/2022 – 00:40 China and Russia on Thursday vetoed tougher United Nations sanctions against North Korea, rejecting a US effort to punish Pyongyang for testing an intercontinental ballistic missile. The resolution enjoyed the support of the 13 other members of the Security Council, although some US allies quietly wondered why Washington went ahead

China, Russia veto US-led push for tougher sanctions on North Korea

China, Russia veto US-led push for tougher sanctions on North Korea

Issued on: 27/05/2022 – 00:40 China and Russia on Thursday vetoed tougher United Nations sanctions against North Korea, rejecting a US effort to punish Pyongyang for testing an intercontinental ballistic missile. The resolution enjoyed the support of the 13 other members of the Security Council, although some US allies quietly wondered why Washington went ahead

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