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The Latest Breaking News from Russia

McCormick Suspends Operations In Russia

McCormick & Co Inc (NYSE:MKC) has suspended its operations in Russia. The decision follows the company's action at the start of the Russia-Ukraine conflict to stop all advertising and promotional activity and other investments in Russia. McCormick is also supporting the Polish Center for International Aid (PCPM) and the World Central Kitchen…

Ukraine war and anti-Russia sanctions on top of COVID-19 mean even worse trouble lies ahead for global supply chains

Ukraine war and anti-Russia sanctions on top of COVID-19 mean even worse trouble lies ahead for global supply chains

Francis Fukuyama, the American political scientist who once described the collapse of the Soviet Union as the “end of history,” suggested that Russia’s invasion of Ukraine might be called “the end of the end of history.” He meant that Vladimir Putin’s aggression signals a rollback of the ideals of a…

The Conversation

Oil price shocks have a long history, but today's situation may be the most complex ever

Oil price shocks have a long history, but today's situation may be the most complex ever

The world is in the grip of an oil price shock. In just a few months, prices have risen from US$65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise and consumer tempers to flare. Even before Russia’s invasion of Ukraine, prices were climbing rapidly…

The Conversation

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The American founders could teach Putin a lesson: Provoking an unnecessary war is not how to prove your masculinity

President Vladimir Putin of Russia loves shows of machismo. He constantly pumps up his swagger. He is wont to disparage women. And he has repeatedly appeared on the public stage bare-chested or as a formidable judo athlete.

The Conversation

Humanitarian corridors could help civilians safely leave Ukraine – but Russia has a history of not respecting these pathways

As Russia continues to target houses, apartment buildings, hospitals and civilians in Ukraine, there are mounting calls from international aid groups to safely evacuate and protect Ukrainians caught in the war.

The Conversation

Russia widens attack with airstrikes on western Ukraine cities

Airfields far from the main areas of war hit, while convoy near Kyiv seems to have dispersed into firing positions

The Guardian - UK

Putin agrees to send 'volunteers' to Ukraine

Russian President Vladimir Putin on Friday agreed to invite volunteers to participate in Russia's "special military operation" in Ukraine.

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UK Sanctions Russian Lawmakers Who Supported Ukraine Breakaway Regions

UK Sanctions Russian Lawmakers Who Supported Ukraine Breakaway Regions

Britain imposed sanctions on 386 members of Russia's lower house of parliament on Friday, to increase diplomatic pressure on Russian President Vladimir Putin for invading Ukraine. Friday's announcement - the latest in a series of punitive measures taken by Britain and international allies - said the sanctions targeted those who…

Asharq Al-Awsat

Morning Brief: Top Stories Dominating Financial Media on Friday, March 11

Morning Brief: Top Stories Dominating Financial Media on Friday, March 11

Russia: the west underestimates the power of state media

Russia: the west underestimates the power of state media

Many western countries have a wide range of news sources that are free from direct government interference. From the development of multi-channel television, rolling 24-hour news journalism, to the ever-expanding choice, immediacy and reach of online and social media, the infrastructure of western national media systems makes it hard for…

The Conversation

RAF Brize Norton: C-17 Globemasters from airbase carrying weapons to help in Ukraine

RAF Brize Norton: C-17 Globemasters from airbase carrying weapons to help in Ukraine

The Globemaster aeroplanes have been transporting anti-tank weapons to fight back against Russia's invasion

Russian Strikes Hit Western Ukraine as Offensive Widens

Russian Strikes Hit Western Ukraine as Offensive Widens

Russia widened its offensive in Ukraine on Friday, striking airfields in the west and an industrial city in the east, while the huge armored column that had been stalled for over a week outside Kyiv was on the move again, spreading out into forests and towns near the capital. The…

Asharq Al-Awsat

UN Agency Warns Ukraine War Could Trigger 20% Food Price Rise

UN Agency Warns Ukraine War Could Trigger 20% Food Price Rise

International food and feed prices could rise by between 8% and 20% as a result of the conflict in Ukraine, triggering a jump in global malnourishment, the UN food agency said on Friday. In a preliminary assessment of Russia's invasion of its neighbor, the Food and Agriculture Organization (FAO) said…

Asharq Al-Awsat

Investments tied to Russia could go up in smoke

Investments tied to Russia could go up in smoke

Major financial institutions reveal billions in investments in Russia that are now potentially worthless

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Goldman Sachs Trims US Growth Forecast On Rising Commodity Prices: Reuters

Goldman Sachs Group Inc (NYSE:GS) analysts downgraded forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia's invasion of Ukraine will hurt spending, reported Reuters. The investment bank cut its annualized growth forecast to 2.9% against a previous expectation of 3.1%. It expects fourth-quarter…

‘I wept for days’: Ukrainian woman, 90, relives painful memories

Retired nurse Nadia Tyvoniuk says Russia’s war represents the second time Moscow has invaded Ukraine in her lifetime.

White House: Russian propaganda could presage chemical weapons use

Vladimir Putin has a history of deploying illegal nerve agents against enemies.

US, G7 Allies To Revoke Russia's "Most Favored Nation" Status: Reuters

The U.S., along with the Group of Seven nations and the European Union, will move to revoke Russia's "most favored nation" status over its invasion of Ukraine,

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The Independent UK

‘It’s not fair’: Antonio Conte sad at situation involving Russian athletes

Russia has been hit with heavy sanctions following Vladimir Putin’s decision to start a war

'Blood brothers': UK slaps sanctions on Russian oligarchs, including Chelsea FC owner

IN THE PAPERS – Thursday, March 11: The British dailies welcome the sanctions slapped on Russian oligarchs, including Chelsea FC's owner Roman Abramovich, as the government tries to punish Vladimir Putin's allies abroad. Also, we look at how Russia is oiling its propaganda machine during the war – but in…

The Guardian - UK

MPs call for sanctions on UK ‘second family’ of Sergei Lavrov

Polina Kovaleva, daughter of Russian foreign minister’s alleged mistress, should be among targets, say campaigners

US Banking Giants JPMorgan, Goldman Exit Russia Over Ukraine Crisis, Others May Follow: Report

Goldman Sachs Group Inc (NYSE: GS) and JPMorgan Chase & Co (NYSE: JPM) announced they were unwinding their Russian businesses, becoming the first major U.S.

Iran nuclear talks "paused" over Russia's last-minute sanctions demands

There's no clear timetable for renewing them.

Scotland's most expensive petrol stations named as prices 'unbelievably high'

Petrol prices have broken records after Russia's invasion of Ukraine.

Birmingham Post

Lush stores in Russia to stay open amid Ukraine crisis - but supplies suspended

The cosmetics company said it would halt online sales to Russia, but its licensee operator would continue trading

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