Page 8 - Russia Ukraine Conflict

Russia-Ukraine war, debt impasse cloud G20 finance chiefs' final-day talks

Georgieva separately urged central banks to "stay the course" for a return to price stability that's critical to investors and consumers alike

India pressing for resolving Ukraine conflict through diplomacy: PM Modi

India has been pressing for resolving the Ukraine conflict through diplomacy and dialogue and it is ready to contribute to any peace process, Prime Minister Narendra Modi said on Saturday after holding wide-ranging talks with visiting German Chancellor Olaf Scholz. The talks between the two leaders covered the entire gamut of bilateral ties as well as key regional and global issues, including the Ukraine conflict. In his media statement, Scholz said the world is suffering as a consequence of Russia's aggression against Ukraine and asserted that no one can change borders through the use of violence. The war in Ukraine has led to immense loss and destruction, he said, adding "it is a catastrophe". The German Chancellor's visit to India came a day after the first anniversary of the Russian invasion of Ukraine. "We have to make sure that countries in Asia, Africa and America are not strongly and negatively impacted by the terrible war of aggression," Scholz said. In his statement, Mo

Japan, other G-7 leaders step up Russia sanctions to mark war anniversary

Japanese Prime Minister Fumio Kishida and other Group of Seven leaders adopted a set of additional sanctions against Russia over its war on Ukraine at an online G-7 summit Friday to mark the one-year anniversary of the start of the invasion. The leaders renewed their commitment to intensifying our diplomatic, financial and military support for Ukraine, to increasing the costs to Russia and those supporting its war effort, and countering the negative impact on the rest of the world, especially the most vulnerable people, they said in a statement, according to the Japanese Foreign Ministry. The G-7 countries also affirmed their coordinated action to further counter Russia's capacity to wage its illegal aggression" and pledged to prevent Russia from obtaining military equipment and technology. They also called on other countries to stop providing military support to Russia. Kishida, as this year's G-7 president, also announced Japan will impose additional sanctions on Russia, including

European Union agrees for new sanctions against Russia on war anniversary

The European Union on Friday, the first anniversary of Russia's full-scale invasion of Ukraine, agreed to a new round of sanctions against Moscow, Deutsche Welle (DW) reported.This comes as the tenth sanction package to be adopted by the EU member states.European Commission President Ursula von der Leyen had promised Ukrainian President Volodymyr Zelenskyy during her visit to Kyiv earlier this month that the EU would "aim to have the tenth package of sanctions in place" by the one-year mark of Russia's invasion, according to DW.The new sanctions target entities supporting war and spreading Russian propaganda.According to Sweden, which took over the Council's rotating presidency at the beginning of the year, the new measures "targeted restricted measures against individuals and entities supporting the war, spreading propaganda or delivering drones used by Russia in the war.""Together, the EU member states have imposed the most forceful and far-reaching sanctions ever to help Ukraine ...

No evidence that China will side with Russia in war with Ukraine: Biden

There is no evidence that China would side with Russia in its war against Ukraine, US President Joe Biden has said. There's no evidence of that so far, Biden told reporters on Friday when asked if he is worried that China will side with Russia in the ongoing war. Biden said that he had a long conversation with his Chinese counterpart Xi Jinping about this in the summer. There's no evidence he's done it yet, said the US President. The Pentagon told reporters that it has not seen China supplying lethal aid to Russia. Pentagon's Press Secretary Air Force Brigadier General Pat Ryder said that China, which clearly has advanced capabilities, munitions, has publicly declared its neutrality, to now take a side and essentially say "we want to be in the camp that's looking to extinguish Ukraine as a nation. US Ambassador to the United Nations Linda Thomas-Greenfield told MSNBC in an interview that the Biden Administration has made it clear to the Chinese that it should not get involved in

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India not to cut Russia ties, hope it can use influence to stop war: US

I don't think they're going to end those relations anytime soon, but we are talking to them about the role they can play in this conflict, Lu added

Biden unveils new Ukraine weapons package, Russia sanctions as war rages

The Biden administration declared its solidarity with Ukraine with fresh action as well as strong words on Friday, piling sweeping new sanctions on Moscow and approving a new USD 2 billion weapons package to re-arm Kyiv a year after Russia's invasion. Despite the US and allies' continued ambitious efforts to bolster the Ukrainians, there are no signs of an endgame in the war, which seems destined to enter an even more complicated phase in the months ahead. On the somber anniversary, Biden and fellow leaders from the Group of Seven allies that have been at the forefront of backing Ukraine stayed focused on a unified front. Our solidarity will never waver in standing with Ukraine, in supporting countries and people in need, and in upholding the international order based on the rule of law," the G-7 leaders said in a joint statement after a virtual meeting with Ukrainian President Volodymyr Zelenskyy. As Ukraine mourned its war dead and vowed it would ultimately emerge victorious, the

South Korea to offer $130 million in additional humanitarian aid to Ukraine

South Korea plans to provide $130 million in humanitarian assistance to Ukraine on the occasion of the first anniversary of Russia's invasion, Seoul's Foreign Ministry has announced

Russia, Ukraine face off at UN Security Council with rival tributes to dead

Russia and Ukraine faced off at the U.N. Security Council on Friday on the first anniversary of their war, with their confrontation even extending to dueling moments of silence for the dead. The showdown began before the session formally began, with Russia's ambassador demanding to know why Ukraine sat at the top of the speakers list. Most dramatically, in the middle of the meeting, the two countries even tussled over tributes to the victims of the war. Ukrainian Foreign Minister Dmytro Kuleba said that, finally, on this tragic day, when we mourn lives, and destinies broken by Russia, I kindly ask everyone to observe a minute of silence in memory of the victims of the aggression. He rose to his feet. Everyone in the council chamber stood in silence. Although Moscow and Kyiv keep precise numbers under wraps, Western estimates suggest hundreds of thousands of killed and wounded on both sides. Even in a moment of respect for the war dead, Ukraine and Russia were at odds. As soon as

G20 tussles over Ukraine war as West steps up sanctions against Moscow

US Treasury Secretary Janet Yellen accused Russian officials at the two-day Group of Twenty (G20) meeting in the Indian city of Bengaluru of being "complicit" in war atrocities

G7 leaders urge Russia to stop ongoing war in Ukraine in a joint statement

Leaders of the G7 countries on Friday called on Russia to end its ongoing war in Ukraine, which they said is an attack on the fundamental principles of sovereignty of nations, territorial integrity of states and respect for human rights. G7 comprises seven major world economies Canada, Italy, France, United Kingdom, Germany, Japan and the United States. In a joint statement following a virtual meeting of G7 leaders, convened by the US President Joe Biden, the leaders of the grouping said Russia's irresponsible nuclear rhetoric is unacceptable, and any use of chemical, biological, radiological or nuclear weapons by Moscow would be met with severe consequences. The G7 leaders also announced the establishment of an Enforcement Coordination Mechanism' to bolster compliance and enforcement of their measures and deny Russia the benefits of the grouping's economies. We will continue our efforts to ensure Russia pays for Ukraine's long-term reconstruction. Russia bears full responsibility

We remain committed to multilateralism: Envoy to UN after India abstains

In her address, Kamboj reiterated Prime Minister Narendra Modi's statement that this cannot be an era of war

India abstains in UNGA on resolution underscoring need for peace in Ukraine

India abstained in the UN General Assembly on Thursday on a resolution that underscored the need to reach as soon as possible a "comprehensive, just and lasting peace" in Ukraine in line with the principles of the UN Charter. The 193-member General Assembly adopted the draft resolution, put forward by Ukraine and its supporters, titled Principles of the Charter of the United Nations underlying a comprehensive, just and lasting peace in Ukraine'. The resolution, which got 141 votes in favour and 7 against, underscores the need to reach, as soon as possible, a comprehensive, just and lasting peace in Ukraine in line with the principles of the Charter of the United Nations. India was among the 32 countries that abstained. The resolution called upon member states and international organisations to redouble support for diplomatic efforts to achieve a comprehensive, just and lasting peace in Ukraine, consistent with the Charter.

G7 sanctions to target key industries helping Russia's war: White House

This would be the largest layoff in the industry. Analysts predict that North America would likely be worst affected

G-20: India working on Russia consensus, keeping eye on other core issues

Communique is a consensus document and needs the consent of every member of G-20

Financial crime watchdog FATF suspends Russia's membership over Ukraine war

The FATF on Friday suspended Russia's membership for its "illegal, unprovoked and unjustified" full-scale military invasion of Ukraine, an official statement said. Russia's actions were "unacceptably run" counter to FATF's core principles that aims to promote security, safety, and integrity of the global financial system, it said. One year after Russian's illegal, unprovoked and unjustified full-scale military invasion of Ukraine, FATF reiterates its deepest sympathies for the people of Ukraine and continues to deplore the huge loss of lives and malicious destruction caused by Russia's ongoing "brutal attack" on Ukraine, said the statement issued after the FATF plenary held in Paris. "Strongly condemning" its "war of aggression" against Ukraine, the FATF said over the past year, Russia has "intensified its inhumane and brutal attacks" targeting critical public infrastructure, the statement said. The global watchdog on terror financing said it is also deeply concerned by the reports

Ukrainian President gives qualified support for China proposals on war

Ukrainian President Volodymyr Zelenskyy gave qualified support Friday for China's new pronouncements about the war in his country, saying Beijing's interest is not bad" and might be useful in isolating Russia. Our task is to gather everyone to isolate the one, Zelenskyy told a news conference on the first anniversary of the Russian invasion. China has shown its thoughts. I believe that the fact that China started talking about Ukraine is not bad. But the question is what follows the words. The question is in the steps and where they will lead to. China called for a cease-fire and peace talks between Ukraine and Russia in a vaguely worded proposal released Friday that analysts said was unlikely to deliver results. Beijing claims to have a neutral stance in the war that began one year ago, but has also said it has a no limits friendship with Russia and has refused to criticize Moscow's invasion of Ukraine, or even refer to it as an invasion. It has accused the West of provoking the .

Risks to the market rally are rising; oil stocks a good bet: Chris Wood

Energy-related stocks remain the best hedge against a Ukraine-triggered spike in energy / oil prices, Wood said

US announces sweeping new Russia sanctions 1 year into war with Ukraine

The U.S. announced a new round of sanctions on Russian firms, banks, manufacturers and people Friday, aiming them at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine. Russia's metals and mining sector is among those targeted in one of the U.S. Treasury Department's "most significant sanctions actions to date, according to the agency. The action, taken in coordination with Group of Seven allies, seeks to punish 250 people and firms, puts financial blocks on banks, arms dealers and technology companies tied to weapons production, and goes after alleged sanctions evaders in countries from the United Arab Emirates to Switzerland. Our sanctions have had both short-term and long-term impact, seen acutely in Russia's struggle to replenish its weapons and in its isolated economy, Treasury Secretary Janet Yellen said in a written statement. "Our actions today with our G7 partners show that we will stand with Ukraine for as long as it takes. Yellen is