The European Union is set to give some member states heavily dependent on Russian oil – such as Hungary and Slovakia – time until the end of 2024 to comply with the proposed embargo on oil imports from Russia, as the bloc is looking to keep a united front against Putin and his invasion of Ukraine, reported Bloomberg on Friday.
Russian soldiers have reportedly looted some five million dollars worth of agricultural state-of-the-art equipment from Ukraine, but it is not clear whether they have been able to man it, given their sophisticated software system.
The Bank of England on Thursday increased for the fourth consecutive time the base rate interest to 1% in an attempt to contain inflation and despite admitting the prospect of recession. The energy crunch, the Russian war in Ukraine, and lesser household incomes are expected to contribute to weaker growth.
Soybeans, corn, sugar, coffee, beef, pork, and chicken are the main goods in Brazil’s export portfolio, and should benefit from the current 'food inflation' in world markets until probably 2023, says analyst Elizabeth Johnson from the TS Lombardy consultancy.
The UK's ambassador to Ukraine has said she feels comfortable returning to Kyiv despite Russian threats against diplomats in the capital. Melinda Simmons arrived in the city late on Friday, following the announcement last month that Britain would be reopening its embassy there in a show of support for Ukraine's fight against Russia's invasion.
Turkish Foreign Minister Mevlüt Çavuşoğlu insisted over the weekend that the Government of President Recep Tayyip Erdogan was conducting a series of efforts to organize a meeting between Russian President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelensky.
UK defense authorities Friday confirmed they were deploying some 8,000 of its troops to continental Europe between April and June from Finland to North Macedonia in what is regarded as the largest movement of military resources since the Cold War.
One day after meeting in Moscow with Russian President Vladimir Putin, United Nations Secretary-General Antonio Guterres Thursday traveled to Kyiv for an encounter with Ukrainian President Volodymir Zelensky amid heavy shelling from Russian forces.
Russian President Vladimir Putin Tuesday told United Nations Secretary-General Antonio Guterres that no solution could be achieved in the crisis with Ukraine without solving the territorial issue of Crimea and Donbas.
President Jair Bolsonaro Economy minister, Paulo Guedes said that Brazil clearly condemns the Russian invasion of Ukraine but is point blank against imposing economic sanctions on Moscow, a close BRICS partner.