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WORLD

WORLD

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US imposes more sanctions on Russia

The US Department of the Treasury has added 13 individuals and 21 new companies to its list of Specially Designated Nationals to be sanctioned under the Office of Foreign Assets Control, according to a notice posted to its website on Thursday. The agency has also removed two companies from the …

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Britain sends more lethal weapons to Ukraine

British Defense Minister Ben Wallace said on Thursday that the UK and “a number of countries” are sending more arms to Ukraine in a bid to hold back the Russian military. Britain has already sent thousands of anti-tank missiles into the war-torn country. “There’ll be more lethal aid going into …

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Azerbaijan planning ‘large-scale’ attack, Armenia claims

Armenian Prime Minister Nikol Pashinyan accused Azerbaijan of trying to create a pretext for launching “a large-scale attack on Armenia and Nagorno-Karabakh.” Speaking on Thursday at a government meeting, Pashinyan said that Baku “first dumps theses on a diplomatic or public platform,” and “ascribes some promises to Armenia,” claiming later …

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Ukraine reveals how badly its defense industry is destroyed

Russian forces have almost completely destroyed the Ukrainian defense industry and are “finishing off” the civilian one, an adviser to Ukrainian President Volodymyr Zelensky, Alexey Arestovich, said. Commenting on the most recent round of the negotiations between Kiev and Moscow, which took place on Tuesday in Istanbul, Arestovich underlined that …

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What paying for gas in rubles means for foreign buyers

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Germany and France react to Russia’s gas-for-ruble demand

French Finance Minister Bruno Le Maire and German Economy Minister Robert Habeck said on Thursday that their countries won’t buy Russian gas with rubles, insisting that gas contracts in euros “must be observed.” Earlier, Russian President Vladimir Putin told Berlin that payments in euros would be converted to rubles upon …

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Moscow comments on Caucasian republic’s intention to join Russia

Moscow respects the will of the people of South Ossetia, but has not taken any legal action after the Caucasian republic’s authorities announced the intention to hold a referendum on joining Russia, according to Kremlin spokesman Dmitry Peskov.  “I can’t express any position. We have not taken any legal or …

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Countries will need to create ruble reserves to buy Russian gas

Countries globally may soon have to create ruble reserves within their domestic economies if they wish to continue to buy Russian gas, as Moscow switches payments to its national currency, Ilya Ilyin, the head of the banking and financial markets analysis department at Promsvyazbank said on Thursday. “In the event …

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