Tag Archives: Russia

  Why it is the world’s poor – 70% of whom live in Africa – who will bear the brunt of Putin’s war COMMENT | ROBAH AREZKI AND MAHMOUD MOHIELDIN | The world’s breadbasket is being wrecked by war. Ukraine and Russia together account for 30% of global wheat and …

Moscow, Russia | Xinhua | Russia announced that it successfully test-launched a Sarmat intercontinental ballistic missile on Wednesday at a time when Moscow-West tensions have sharply escalated over Ukraine. The missile was fired from a silo at 15:12 Moscow Time (1212 GMT) at the Plesetsk state test cosmodrome in northwest Russia’s …

United Nations | Xinhua | UN Secretary-General Antonio Guterres has asked both the Russian and Ukrainian leaders to receive him to discuss steps to bring about peace following Russia’s special military operation in its neighbor. Stephane Dujarric, spokesperson for the secretary-general, said on Wednesday in a statement that separate letters were …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection, according to its newly released World Economic Outlook report. The Ukraine crisis unfolds while the global economy is …

Moscow, Russia | Xinhua | The second phase of Russia’s special military operation in Ukraine has begun, Russian Foreign Minister Sergei Lavrov said Tuesday. The operation in eastern Ukraine is aimed at “completely liberating” the populations of Donetsk and Lugansk, Lavrov said during an interview with India Today. “This operation will …

Moscow, Russia | Xinhua | Western countries’ “economic blitzkrieg” strategy against Russia has failed, President Vladimir Putin said Monday at a government meeting on economic issues. The main negative factor for the Russian economy in recent years has been Western sanctions, which were aimed at “quickly undermining the financial and economic …

Sanctions by the United States and its allies against Russia have worsened food inflation across the African continent Addis Ababa, Ethiopia | Xinhua | The impact of the Russia-Ukraine conflict is felt internationally, but it affects wheat and oil importing African countries worst, a business leader has said. “The Russia-Ukraine conflict …

Moscow, Russia | Xinhua | Russia will expand the scale of its missile strikes on Kiev in response to any Ukrainian forces’ attacks or sabotage on Russian territory, the country’s defense ministry said Friday. “Russian troops and forces of the Donetsk People’s Republic have taken control of the Ilyich Iron and …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday that the organization will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies this year. “To put it simply: we are facing a crisis on top …

As the conflict drags on, African countries with trade ties with Russia and Ukraine face wheat and fertilizer supply shortages Addis Ababa, Ethiopia | Xinhua | The Russia-Ukraine conflict has rocked several countries in Africa, particularly net importers of commodities, a senior economist has said. Tewodros Mekonnen, an economist at the …