Europe financial news

Russia’s warfare in Ukraine: Dwell updates

Russian President Vladimir Putin stated that Russia’s actions in Ukraine aren’t chargeable for the worldwide meals disaster and accused the US of driving up meals costs in his speech to the St. Petersburg Worldwide Financial Discussion board on Friday. 

“Famine within the poorest international locations shall be on the conscience of the US administration and the Eurocrats,” he stated.  

Putin stated Russia is able to export extra grain to steadiness the world meals markets. Russia’s focus shall be on supplying meals to these international locations which might be susceptible to dealing with famine, he stated.

Some key context: World leaders have strongly criticized Putin’s actions in Ukraine, saying that Russia is utilizing meals as a weapon of warfare.

Russia is obstructing maritime entry to the Black Sea ports held by Ukraine, which means that even the grain that’s nonetheless beneath Ukrainian management can’t be exported to the various international locations that depend on it. Russia’s blockade has already raised world meals costs and threatens to trigger a catastrophic meals scarcity in components of the world, in response to the United Nations.

Ukrainian authorities, and a few worldwide officers, have accused Russia of robbing the nation of grain and different commodities in areas it occupies. Denys Marchuk, deputy chairman of the Ukrainian Agrarian Council Public Union, stated that Russia has “stolen about 600,000 tons of grain” from Ukrainian farmers.

Satellite tv for pc photographs of the Crimean port of Sevastopol offered by Maxar Applied sciences final month appeared to indicate Russian ships being loaded up with Ukrainian grain. One other set of satellite tv for pc photos revealed that one of many ships arrived within the Syrian port of Latakia final month, its second journey inside 4 weeks.

In the meantime: In his Friday speech, Putin additionally once more blamed the West for “shifting the duty” to Russia for any issues within the world financial system.  

Putin additionally stated that Russia shouldn’t be following the “path of isolation,” including that Moscow seeks “partnerships with anybody who desires to work with us, and there are various of these.” 

The Russian chief stated that any nation who desires to work with Russia “experiences open stress from the US and Europe together with direct threats, however this blackmail means little once we discuss international locations led by true leaders who perceive what’s another person’s curiosity and what’s their curiosity.” 

CNN’s Ivana Kottasová contributed reporting to this put up.

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