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Germany calls for EU energy emergency plan

The German Association of Energy and Water Industries (BDEW) has called for an agreement at the European level on an emergency protocol in response to Moscow’s announcement of a new gas payment mechanism. “There are certain and serious signs that we are heading towards a deterioration in the gas supply situation,” …

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How Ukraine conflict could affect African nations

Russia’s military operation in Ukraine, launched in February, followed by the dramatic increase in tensions on the global scene will undoubtedly affect the economic and political landscape in Africa in the medium term, as well as the balance of external powers active on the continent and Africa’s pace of development …

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Russian stocks rebound after markets reopen

Russia’s stocks continued to rise sharply on Thursday as the Moscow Exchange reopened for limited trading this week, after suspending most of its transactions on February 28. The ruble-based MOEX benchmark went up more than 11% to 2,743 points. The dollar-denominated RTS index of leading Russian stocks was down slightly, …

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British PM suggests targeting Russia’s gold reserves

British Prime Minister, Boris Johnson, has called on allies to consider preventing Russia from accessing its gold reserves amid the Kremlin’s ongoing offensive against Ukraine. In an interview with LBC Radio on Thursday, Johnson called on the West to “do more economically.” The British premier went on to suggest that …

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Americans want Biden more involved in Ukraine, poll shows

A growing number of Americans say that President Joe Biden should insert the United States into the Ukraine conflict, according to new polling, which shows that a majority of respondents are willing to endure economic blowback from sanctions on Russia. Conducted by AP alongside the NORC Center for Public Affairs …

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North Korea launches suspected ballistic missile

North Korea has launched an unidentified missile toward the Sea of Japan, South Korea’s military and Japan’s coast guard reported on Thursday, with conflicting media reports regarding where the projectile landed. Japan’s coast guard issued a statement which claimed the missile fell inside Japan’s exclusive economic zone, with the projectile …

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Nestle punishes Russia by banning Kit Kats

The world’s largest food manufacturer, Nestle, will stop selling non-essential products in Russia, including KitKat chocolate bars and Nesquik cocoa drinks, the Swiss company said in a statement on Wednesday. The products affected will also include pet food and coffee, making up the “vast majority of volume and sales” in …

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Ukraine wants SWIFT to cut off Russia’s central bank

The National Bank of Ukraine has asked global financial messaging system SWIFT to disconnect Russia’s central bank, effectively cutting off the regulator’s ability to conduct international transactions. “The National Bank of Ukraine appealed to the leadership of the international SWIFT system with a call to disconnect the Central Bank of …

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NATO set for new troop deployment on ‘eastern flank’

NATO Secretary General Jens Stoltenberg said thousands of troops will soon be deployed to four countries in Eastern Europe, calling for the alliance to be bolstered “in all domains,” as it oversees around 140,000 soldiers on the continent. Speaking ahead of a NATO summit set for later this week, Stoltenberg …

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UK promises more ‘high explosive’ weapons for Kiev

The UK said it will send more anti-armor missiles to Ukraine, as NATO member states are set to discuss additional support for Kiev amid Russia’s military campaign, which started exactly one month ago. London will deliver 6,000 anti-tank and “high explosive” missiles, as well as £25 million ($32.9 million) in …

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