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NATO prepared for confronting Russia since 2014: Stoltenberg

June 30, 2022 Vinayak Barot

New Delhi: NATO has been preparing to face off against Russia since 2014, NATO Secretary General Jens Stoltenberg said on Wednesday. “We actually prepared for this possibility for a long time,” he said at a news conference capping the second day of a NATO summit in Madrid. “It’s not as if NATO suddenly woke up on […]

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Russia’s operation in Ukraine to last until its goals achieved

June 29, 2022 Vinayak Barot

New Delhi: Russia’s special military operation in Ukraine will continue until Ukraine stops shelling Donbas and until no threat comes from its territory, Russian First Deputy Permanent Representative to the United Nations Dmitry Polyansky has said. “We started a special military operation to put an end to bombardments of Donbas by Ukraine, and also to make […]

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US Treasury imposes ban on Russian gold imports

June 29, 2022 Vinayak Barot

New Delhi: The United States has imposed a ban on the import of gold from Russia. The order to that effect has been published on the website of the US Treasury Department. “The importation into the United States of gold of Russian Federation origin is prohibited, except to the extent provided by law, or unless licensed […]

Latvian Foreing Minister Edgars Rinkevics in Budapest

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Hungary doesn’t want to discuss a ban on Russian gas with the EU

June 28, 2022 Vinayak Barot

New Delhi: Hungary doesn’t even plan to discuss with other countries a ban on Russian gas supplies because the curbs would ruin the country’s economy, Hungarian Foreign Minister Peter Szijjarto said on Monday. The minister made the remarks as he attended a European Council meeting on transport, telecoms, and energy in Luxembourg. He said he came […]

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Russia defaults on Eurobonds: Moody’s

June 28, 2022 Vinayak Barot

New Delhi: Moody’s said that Russia had defaulted on its foreign debt obligations, according to a statement published on the agency’s website on Monday. “On 27 June, holders of Russia’s sovereign debt had not received coupon payments on two Eurobonds worth $100 million by the time the 30-calendar-day grace period expired, which we consider an event […]

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G7 Nations to Undertake to Help Ukraine Indefinitely

June 27, 2022 Vinayak Barot

New Delhi: The Group of Seven nations will undertake to support Ukraine indefinitely, a Media report said on Sunday citing a draft statement. According to the document, the G7 nations will continue to offer financial, humanitarian, military, and diplomatic support to Ukraine for as long as it takes. According to the agency, the G7 leaders are […]

Turkish President Erdogan’s spokesman Ibrahim Kalin is pictured during an interview in Istanbul

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Turkey not to Join Anti-Russian Sanctions

June 27, 2022 Vinayak Barot

New Delhi: Turkey will not join the West’s anti-Russian sanctions over the Ukrainian crisis, Turkish presidential spokesman Ibrahim Kalin said on Sunday. “We are conducting a well-balanced policy in respect of Russia. We are not imposing sanctions and will not join them. We must observe our own interests. If everyone are ruins the bridges, who will […]

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IMF sees significant downside risks for US economic growth in 2022

June 25, 2022 Vinayak Barot

New Delhi: Experts of the International Monetary Fund (IMF) think that there are significant downside risks for the US economy this year and especially next year, IMF Managing Director Kristalina Georgieva said presenting the annual report on the state of the American economy in Washington. “We see very significant downside risks [in the US economy] this […]

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Business

The UK bans exports of banknotes, items for maritime, oil refining sectors to Russia

June 24, 2022 Vinayak Barot

New Delhi: A new ban on exports of several product categories and technological solutions to Russia entered into force in the UK on Thursday, according to the document published on the British government’s website. The restrictions apply to banknotes, “goods and technology” for the maritime sector, oil refining, and products related to “chemical and biological weapons”, […]

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EU summit grants Ukraine, Moldova candidate status to join the EU

June 24, 2022 Vinayak Barot

New Delhi: Heads of state of the European Union have decided to grant Ukraine and Moldova the status of candidates to join the bloc, President of the European Council Charles Michel said as the EU held a summit on Thursday. “Agreement. EUCO has just decided EU candidate status to Ukraine and Moldova,” he said on Twitter, […]