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Russia not leaving global economy – Putin

President Vladimir Putin said on Thursday that Russia is not going to leave the global economic arena despite Western attempts to squeeze it out. It is simply impossible, he stressed. According to Putin, who was addressing the Eurasian Economic Forum via video link, the countries that are seeking to harm Russia …

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Moscow comments on global monkeypox outbreak

The Russian national health watchdog, Rospotrebnadzor, sees no reason to panic over the fresh monkeypox outbreak across the world. The disease is well known to humanity, the agency’s head, Anna Popova, told Russian KP Radio on Tuesday.  No monkeypox cases have been “imported” to Russia so far, Popova said, adding …

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Global economy in worst shape since WWII — IMF

The global economy is facing “its biggest test since the Second World War”, the managing director of the International Monetary Fund said at the start of the World Economic Forum in Davos. Kristalina Georgieva said the conflict in Ukraine has “compounded the Covid-19 pandemic – a crisis upon a crisis …

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Global debt about to explode – report

The world’s two largest economies were the heaviest borrowers in the first three months of this year as global debt climbed to above $305 trillion, the Institute of International Finance (IIF) reported on Wednesday. Its data showed that China’s debt increased by $2.5 trillion over the first quarter and the …

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Global food catastrophe imminent – The Economist

The global food system, already weakened by pandemic-related shocks and the energy crisis, is expected to be severely impacted by the conflict in Ukraine and Western sanctions against Moscow, The Economist reports. “Ukraine’s exports of grain and oilseeds have mostly stopped and Russia’s are threatened,” the report states. According to …

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Global ‘wheat war’ is coming – media

Wheat prices have surged to record highs over the past two months as major producers like Russia, Kazakhstan and India scrapped exports to protect their domestic markets. This has sparked fears of food insecurity and hunger around the world. According to experts who spoke to Russia’s Izvestia newspaper, since the …

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Global famine likely this year – Putin aide

The attempt by the US to take over Ukraine’s grain reserves may spark a humanitarian crisis in the country and lead to grain shortages globally, Maksim Oreshkin, an aide to President Vladimir Putin, said on Thursday. According to the official, a global famine could break out by this coming fall. …

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Russian exports can solve global food crisis – UN

Food products and fertilizers from Russia, Ukraine and Belarus must be allowed on the world markets if the global community wants to stem an unfolding food crisis, UN Secretary-General António Guterres said at a ministerial meeting on global food security on Wednesday. “Let’s be clear, there is no more effective …

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