Amid war, Russia, Ukraine seal landmark grain deal to relieve global food crisis

The two sides inked separate but identical agreements in the presence of UN Secretary General Antonio Guterres and Turkish President ISTANBUL: Ukraine and Russia on Friday signed a landmark deal aimed at relieving a global food crisis caused by blocking Black Sea grain deliveries, ending months of negotiations and sending wheat prices tumbling to levels … Read more

Russia, China Eye NATO’s ‘Arctic Achilles Heel’, Born Of Strange Treaties

This is a corner of Norway where Russia can – theoretically at least – mine and build what it likes. Barentsburg, Norway: Russian flags flap in the stiff polar breeze, a bust of Lenin looms out of the snow and a vast slogan declares, “Communism is our goal!” No, this is not some time warp … Read more

Emmanuel Macron says Russia can’t win in Ukraine after strike on mall

France’s president said Tuesday that Russia “cannot and should not win” in Ukraine, voicing the West’s continued support for Kyiv following Moscow’s horrific missile attack on a shopping mall that underscored the war’s terrible toll on civilians. Ukrainian leaders denounced the strike, which killed 18 in the central city of Kremenchuk, as a war crime … Read more

Russia slips into historic default as sanctions muddy next steps

Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months, Russia had found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace … Read more

Explained: What’s the impact of a Russian debt default?

A 30-day grace period on interest payments originally due May 27 expired Sunday. But it could take time to confirm a default. “While there is a possibility that some magic could occur” and Russia gets the money through financial institutions to bondholders despite sanctions, “nobody’s making that bet,” said Jay S. Auslander, a top debt … Read more

Coal dust and methane below, Russian bombs above

When Aleksander Maryinych enters a metal cage and descends into darkness with dozens of other miners for his six-hour shifts, the concussive thumps of an artillery war are replaced by the clatter of rail carts and the grind of machinery carving deep into the earth. Plumes of dust and smoke from Russian bombardment are exchanged … Read more

Russia unleashes a missile barrage, while inching ahead in eastern Ukraine

From the skies above Belarus to the north and the waters of the Black Sea to the south, Russian forces unleashed a fusillade of cruise missiles across Ukraine on Saturday, Ukrainian officials said, in one of the most widespread and coordinated aerial assaults in weeks. Even as Russia pounded civilian and military infrastructure from the … Read more

Russia strikes Kyiv as Western leaders meet in Europe

G-7 leaders were set to announce the latest in a long series of international economic steps to pressure and isolate Russia over Ukraine war KYIV: Russia shattered weeks of relative calm in the Ukrainian capital with long-range missiles fired toward Kyiv early Sunday, an apparent Kremlin show-of-force as Western leaders meet in Europe to strengthen … Read more

Explained: Why sanctions are flagging

Since February 23, the day before Russia invaded Ukraine, the European Union’s Council has adopted six rounds of sanctions to “impose clear economic and political costs” on the government of President Vladimir Putin, and to “cripple the Kremlin’s ability to finance the war” . Western governments, including the United States and United Kingdom, have cut … Read more

Modi listening, Xi: Cold War mentality, bloc confrontation must be abandoned

WITH PRIME Minister Narendra Modi and Russian President Vladimir Putin listening, Chinese President Xi Jinping on Thursday said the “must abandon Cold War mentality” and “confrontation block” — and “oppose unilateral sanctions and abuse of sanctions”. Xi’s references to the Cold War and blocs at the annual summit of the five-nation group appeared to target … Read more