Rusia

The United States and the European Union have warned against giving in to what they called Russian “blackmail” over gas supplies to Europe.

Russia, which supplies about 40% of Europe’s gas needs, had demanded that what it called “unfriendly” European countries pay their gas bills in rubles — seen as a way to prop up the currency in the face of Western sanctions on Russian banks, including its central bank. Some EU states have set up Russian bank accounts to try to work around the sanctions.

U.S. President Joe Biden asked Congress Thursday to approve $33 billion in additional aid for Ukraine to help it resist invading Russian forces over the next five months. The House overwhelmingly passed legislation aimed at removing obstacles that slow the delivery of military assistance.

Sanctions are a form of warfare, and few would deny that we have moved into a new era of economic warfare with sanctions, led by the US, have become the norm, rather than the exception. This was the conclusion recently of the pro-Western World Economic Forum. If there is general agreement that sanctions are a form of warfare, and not selectively, but regardless of who imposes them and for whatever reason, the next question is the cost-benefit ratio on the country or countries imposing them.

The International Monetary Fund’s report also highlighted currency depreciation in Egypt, economic effects of the war in Yemen and Jordan’s fledgling tourism sector.

The International Monetary Fund (IMF) released its economic outlook for the Middle East today. The report from the DC-based financial institution highlighted the economic effects of the Russian invasion of Ukraine on the two regions. Global commodity prices have surged in response to the war, particularly those of oil and wheat.

Ukrainian troops now have more than half of the 90 howitzers that the U.S. pledged them to help beat back a Russian attack in the country’s eastern region, chief Pentagon spokesman John Kirby said Wednesday.

The 155mm M777 howitzers were included in President Joe Biden’s two $800 million aid packages approved April 13 and April 21, respectively, and represented the first time that the U.S. sent such artillery to Ukraine since Russian forces invaded Feb. 24.

Two explosions in a radio facility close to the Ukrainian border knocked a pair of powerful broadcast antennas out of service in Moldova’s separatist region of Trans-Dniester, local police said Tuesday.

Trans-Dniester, a strip of land with about 470,000 people, has been under the control of separatist authorities since a 1992 war with Moldova. Russia bases about 1,500 troops in the breakaway region, nominally as peacekeepers.

For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels.

But in early April, with oil prices nearly four times higher than they were in 2019, the restaurant finally raised its prices. Now, even some longtime customers look at the menu and walk away.

The U.S. pressed its allies Tuesday to move “heaven and earth” to keep Kyiv well-supplied with weapons as Russian forces rained fire on eastern and southern Ukraine amid growing new fears the war could spill over the country’s borders.