Moscow prohibited dealings with Gazprom Germania and its various subsidiaries now under the control of Germany's energy regulator
The ramifications of this decision may not be visible today, but the damage will become apparent over time
The origins of the inflation shock the world is experiencing are primarily political, not economic or monetary
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Russian President Vladimir Putin says Western sanctions against Russia are provoking a global economic crisis. Speaking during a Thursday meeting on economic issues, Putin said Western nations were driven by oversized political ambitions and Russophobia to introduce sanctions that hurt their own economies and well-being of their citizens. Putin charged that the sanctions are provoking a global crisis and will lead to grave consequences for the EU and also some of the poorest countries of the world that are already facing the risks of hunger. He alleged that the Western elites are ready to sacrifice the rest of the world to preserve their global domination. The Russian leader insisted the Russian economy has successfully withstood the blow from Western sanctions and that Russian companies will fill the niche left by the withdrawal of Western enterprises.
LONDON (Reuters) -The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, in a U-turn after it predicted a possible "global supply shock" in March.
CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels
Security in Europe and in the Indo-Pacific are inseparable, said Japanese Prime Minister Fumio Kishida
Droughts, flooding and heatwaves threaten output from the US to France and India, compounding shrinking production in Ukraine
Russia will be hoping that the Commonwealth of Independent States shows solidarity with Moscow's stance
In their talks, the parties touched upon the sanctions against Russia over its conflict with Ukraine and the cooperation between Ukraine and Germany in the energy sector
If the fighting was to cease immediately a rapid recovery would be possible, with the return of 3.4 million jobs, Xinhua news agency reported
Prosecutor General Iryna Venediktova's office has said it has been investigating more than 10,700 alleged war crimes committed by Russian forces and has identified over 600 suspects
In 11 weeks, the war has played out on battlefields in Ukrainian towns and cities but also in energy and financial markets
The House approved a fresh $40 billion Ukraine aid package as lawmakers beefed up President Biden's initial request, signalling a magnified, bipartisan commitment to thwart Russia's invasion
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The war in Ukraine has sent global prices for grains, cooking oils, fuel and fertiliser soaring.
(Reuters) -Oil rebounded on Wednesday after plunging nearly 10% over the previous two sessions, buoyed by supply concerns as the European Union works on gaining support for a ban on Russian oil and as major producers warned they may struggle to fill the gap when demand improves.
Ukraine said on Tuesday it would suspend the flow of gas through the Sokhranovka transit point.
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