EU barring seven Russian banks from SWIFT and increasing aid for Ukraine, plans to give refugees ability to work, go to school in the 27-nation bloc
Magna, Couche-Tard among Canadian companies with Russian operations staying put as more multinationals exit
At one time, Russia was seen as a breakthrough market for Magna. Russian oligarch Oleg Deripaska bought US$1.54-billion in shares of the company in 2007 and planned to run it with founder Frank Stronach. Mr. Stronach told shareholders at the time that before the investment, he sought and received a meeting with Russian President Vladimir Putin to get his endorsement of the deal. Mr. Deripaska later sold his shares during the financial crisis in 2008.
Moscow is blocking foreign investors, who hold tens of billions of dollars worth of Russian stocks and bonds, from exiting. The Globe and Mail is not naming the official because he was not authorized to identify himself publicly, given his sensitive position in the intelligence community. The prosecutor of the International Criminal Court confirmed he would immediately open an investigation into possible war crimes committed in Ukraine, following a request to do so by 39 of the court’s member states.
Removing Russian banks from SWIFT, a measure seen as drastic and unlikely only a week ago, is one of the most powerful tools Western authorities have used to punish Russia for what Moscow describes as a “special operation” in Ukraine.Analysis: War in Ukraine tests delicate balance of Turkey’s relationships with Europe and Russia, NATO and Putin
In a statement, the multilateral development bank said it had not approved any new loans to or investments in Russia since 2014, the year Russia annexed the Crimea region of Ukraine. Timing is crucial. On Monday, Ukraine’s Ministry of Foreign Affairs confirmed that just 80 kilometres north of the city, the Ivankiv Museum, which held precious archeological and folk items, had been destroyed. Lost in the blaze were about 25 works, widely considered priceless national treasures, by folk artist Maria Pryimachenko.
In a video message, Kharkiv Mayor Ihor Terekhov expressed disbelief at the destruction of a Russian-speaking city, where a quarter of the 1.4 million residents have relatives in Russia. “We never expected this could happen: total destruction, annihilation, genocide against the Ukrainian people – this is unforgivable,” Mr. Terekhov said.Powerful explosion reported in central Kyiv near rail station
The Southern Railway station is one of two stations that make up the main passenger rail complex that thousands have used to flee the war over the past week. The two stations are connected by an overhead corridor that crosses over about a dozen tracks. Earlier this week, Netflix said that in the current circumstances it has no plans to add state-run channels to its Russian service, despite a regulation that would require it to distribute state-backed channels.Zelensky: Russia aims to erase Ukraine
The Biden administration, and Western allies, have largely stayed away from hitting the Russian energy sector to avoid causing tremors to the global supply of energy. The White House, however, said in a statement that U.S. and allies “share a strong interest in degrading Russia’s status as a leading energy supplier over time.”
Diplomats jumped to their feet and applauded loudly when the vote results were displayed on a screen. Only four countries – North Korea, Syria, Belarus and Eritrea – voted with Russia to oppose the resolution, while 35 abstained. The decision to provide weapons marked a historic shift in German military policy that has its roots in consigning its Second World War aggression against Europe to the dustbin of history.
Although the United States has not yet targeted Russian oil sales as part of its sweeping economic sanctions following the invasion, U.S. traders have already acted to put such imports on hold, disrupting energy markets. Oleg Sinehubov, head of the Kharkiv regional administration, said that over the past 24 hours 21 people were killed and at least 112 were injured by Russians.Swiss tycoon Wyss says he’s considering Abramovich’s offer to buy Chelsea football club
WHO Director-General Tedros Adhanom Ghebreyesus said the shipment includes 36 metric tons of supplies for trauma care and emergency surgery to help 1,000 patients as well as other supplies to meet the needs of 150,000 people. Brent crude futures rose by nearly US$9, touching a peak of US$113.94 a barrel, the highest since June 2014, before easing to US$113.07, up by US$8.10 or 7.7% early Wednesday.
Asked if Washington and its Western allies would slap energy sanctions on Russia, Psaki told MSNBC: “We’re very open.” The sanction means EU operators will be prohibited from broadcasting, facilitating or otherwise contributing to the dissemination of any RT and Sputnik content. While Canadian firms contemplate their positions in Russia, multinational companies are increasingly shunning the country. Energy giant Exxon Mobil Corp. said it would exit Russia, while aircraft maker Boeing Co. suspended maintenance and technical support for Russian airlines and rival Airbus SE stopped sending spare parts.Mariupol mayor reports mass casualties from non-stop Russian attack
The United Nations has estimated that close to 700,000 people have fled Ukraine to neighbouring countries since the invasion began nearly a week ago, in what the UN Refugee Agency says looks set to become Europe’s largest refugee crisis this century. Around half of the refugees are currently in Poland.
filled their 14 vehicles with gas and other necessities. The next morning, 52 orphans and dozens of staff members and their families rushed to the cars and headed west. “Today, I’m going to Ukraine to stand with my family and fight for my country,” the teenager said at the doorstep of his Toronto home. A Ukrainian-Canadian who arrived in Toronto only last year, he said he considers himself lucky for having had a birthday in January that officially makes him of age to fight. He said he hopes to join his father, who is preparing to fight Russians invading their home city of Lviv.
The banks, which will be given 10 days to wind-down their SWIFT operations, are Russia’s second-largest bank VTB, along with Bank Otrkitie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank and VEB. The blue and yellow of the Ukrainian flag still hangs over the streets of Kherson, a city of 300,000 thatbetween the Crimean peninsula and the Black Sea shores of southern Ukraine.
“Kharkiv is a Russian-speaking city. Every fourth person in Kharkiv has relatives in the Russian Federation. But the city’s attitude to Russia today is completely different to what it ever was before,” he said in an online video statement. The ruble was 7.3% weaker on the day at 108.60 against the U.S. dollar as of 0941 GMT in Moscow trade, earlier hitting 110.0, an all-time low. It has lost about a third of its value against the dollar since the start of the year.Boeing, Exxon, Apple join Western firms spurning Russia over Ukrainefor Russian airlines and U.S. energy firm Exxon Mobil said it would exit Russia, joining a growing list of Western companies spurning Moscow over its invasion of Ukraine.
Ukrainian President Volodymyr Zelenskiy said on Tuesday that Russia must stop bombing Ukrainian cities before more talks could take place on Russia’s invasion of his country. Some Europeans contacted by The Globe and Mail said they ran out to buy the pills when Russian President Vladimir Putin. His order came four days after he sent his troops into Ukraine, triggering battles in several cities and encouraging many countries, including Germany and Italy, to send military equipment to the Ukrainian army.
EU diplomats approved new sanctions against Belarusian people who are playing a role in the attacks to Ukraine, the French Presidency said on Twitter. The move still has to be approved by the member states, but they already expressed broad support over the weekend. “They don’t know a thing about Kyiv, about our history. But they all have orders to erase our history, erase our country, erase us all,” he added in the address made on video.-Reuters, APUkraine’s southeastern port of Mariupol was under constant shelling from Russia and unable to evacuate the injured while Kherson, on the Black Sea to the west, was completely surrounded by invading forces, Ukrainian authorities said on Wednesday.
A person familiar with the situation told Reuters that Tsai as president receives around T$400,000 a month in pay. The tennis governing bodies issued a statement Tuesday confirming that Russian and Belarusian players will still be allowed to compete at the top level, but without national flags. “The European Union sanctions will likely legally require us to withhold certain content in EU member states,” a Twitter spokesperson said in an e-mailed statement to Reuters.Outside the EU, Twitter said it would continue to focus on reducing the visibility of content from these outlets as well as labelling it.
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