Can Western sanctions really change Russia’s behaviour? | Russia-Ukraine war


From: The Backside Line

Because the US leads an financial struggle in opposition to Russia over Ukraine, we ask if sanctions could have the meant impact.

In response to the struggle in Ukraine, the US and Europe launched a barrage of sanctions barring Russia from accessing its a whole lot of billions of {dollars} of reserves worldwide.

However sanctions have been imposed on different international locations for many years – North Korea, Cuba, Iran, Venezuela, amongst others – with out a lot change in course for these governments.

Host Steve Clemons speaks with Lee Jones, a professor of worldwide relations on the College of London; and David Asher, an adviser to the US authorities on financial warfare methods, whose work has ranged from Hezbollah in Lebanon to mobster John Gotti in New York.

Timeline: Week one of Russia’s invasion of Ukraine | Russia-Ukraine war News


Russia’s invasion of Ukraine is about to enter its second week with no indicators of an imminent ceasefire, regardless of a flood of Western sanctions focusing on the Russian economic system.

Within the days since Russian troops started their offensive final Thursday, the violence has intensified in a number of main Ukrainian cities, prompting lots of of hundreds of individuals to flee the nation in the hunt for security.

Ukrainian officers say deaths and accidents are mounting as Russian forces launch renewed assaults and an infinite army convoy edges nearer to the capital, Kyiv.

Right here, Al Jazeera seems on the days main as much as Russia’s invasion, the worldwide response, and key occasions which have marked the struggle thus far:

February 21: Russian President Vladimir Putin recognises Luhansk and Donetsk, two separatist areas in jap Ukraine, as unbiased states and orders Russian troops to behave as “peacekeepers” there.

The US forbids investments within the areas, whereas Ukrainian President Volodymyr Zelenskyy urges individuals to stay calm, saying, “We’re not afraid of anybody or something.”

February 22: The Russian parliament authorises Putin to make use of army pressure exterior the nation. US Secretary of State Antony Blinken cancels a gathering along with his Russian counterpart Sergey Lavrov.

The US locations full blocking sanctions on the Kremlin-controlled VEB financial institution and PSB financial institution, with the US Treasury saying the transfer constrains “Russia’s means to finance defense-related contracts and lift new funds to finance its marketing campaign towards Ukraine”.

Russia is barred from promoting sovereign bonds on US cash markets, and oligarchs near Putin have their US-held property seized. The US additionally strikes army property from Germany to the Baltic States. “We nonetheless consider that Russia is poised to go a lot additional in launching an enormous army assault towards Ukraine,” US President Joe Biden says.

Germany instantly halts the method of certifying the Nord Stream 2, a Russian-owned pipeline that’s meant to pump Russian fuel to the nation.

February 23: Ukraine declares a nationwide state of emergency.

UN Secretary-Common Antonio Guterres tells the Common Meeting the world is “going through a second of peril” over the Ukraine-Russia disaster.

The European Union freezes the property of 351 Duma (Russia’s decrease home of parliament) members, barring them from loans and journey, and calls an emergency summit over the scenario. Biden permits sanctions to maneuver forward towards the corporate that constructed Nord Stream 2.

February 24: Russia launches a full-scale assault on Ukraine.

Zelenskyy orders a common mobilisation, calling on all Ukrainians who’re able to defend their nation to come back ahead. Biden calls Russia’s invasion a “premeditated assault”.

The US bars 5 extra Russian banks from the US monetary system, and freezes 4 of the 5 banks’ US-held property. The fifth establishment, Sberbank, Russia’s largest financial institution, can be barred from the US monetary system, however its property should not frozen.

Commerce within the debt and fairness of 13 banks and state-owned enterprises can be banned within the US. The US could not export delicate applied sciences to Russia in avionics, semiconductors, telecommunications and different areas. Moscow’s inventory trade plummets by an unprecedented 45 %.

The European Council holds an emergency session to sentence Russia’s “unprovoked and unjustified army aggression”.

February 25: Russian forces press in the direction of the Ukrainian capital, Kyiv, because the United Nations says greater than 50,000 individuals have fled the nation because the begin of Moscow’s invasion.

The European Union agrees to position Putin and Lavrov on its record of sanctioned people. Russia vetoes a UN Safety Council decision demanding it unconditionally withdraw its troops from Ukraine.

February 26: The mayor of Kyiv imposes a curfew within the Ukrainian capital as Russian troops advance in the direction of the town. Poland says about 100,000 individuals have crossed into the nation from Ukraine amid the preventing.

Zelenskyy refuses a US supply to evacuate, saying, “the combat is right here.” He additionally refutes Russian reviews that he fled the capital, posting a video of himself with senior cupboard members on the streets of Kyiv, saying they had been becoming a member of the combat for his or her nation.

The EU says it should take measures to forestall Russia’s central financial institution from utilizing its estimated $630bn in reserves to finance the struggle and undermine the influence of sanctions.

February 27: European Fee chief Ursula von der Leyen declares that Russian plane might be banned from EU airspace, and Russian state-owned media Russia Right now, Sputnik and their subsidiaries are banned from EU airwaves and the web.

The EU additionally says it should bar chosen Russian banks from the SWIFT interbank transaction system, basically slicing them off from the worldwide monetary system.

Norway’s $1.3-trillion sovereign wealth fund says it should pull out of all 47 of its Russian investments, valued at $2.8bn. Its greatest stake is in Sberbank, which was earlier sanctioned by the US and EU.

Main oil firm BP says it should extricate itself from a virtually 20 % stake in Rosneft, Russia’s state oil big, because of the nation’s army motion in Ukraine. The stake is valued at $14bn and accounts for about half of BP’s oil and fuel reserves.

Russian troops press in the direction of three Ukrainian cities: Kyiv, Kharkiv and Kherson. They seem to face stiff resistance that US officers say is slowing their advance. The Ukrainian defence ministry says it estimates Russian losses at 4,500 males killed, 150 tanks and 700 armoured personnel carriers destroyed, and 7 fighter jets and 26 helicopters downed.

February 28: In a largely symbolic transfer, Ukraine applies to hitch EU.

Russia and Ukraine maintain a primary spherical of ceasefire talks on the Belarusian border. They disband after 5 hours with out an settlement.

Russian shelling kilos Kharkiv, Ukraine’s second-largest metropolis, residence to 1.5 million individuals. Russian artillery bombards residential districts, killing not less than 11 individuals, in line with Ukrainian officers. Zeleknsyy says the Russian plan is to terrorise the nation’s civilian inhabitants.

Russia’s everlasting consultant to the UN Safety Council denies that Russian troops are focusing on civilians, saying, “We hear lies and deceit concerning the indiscriminate shelling of Ukrainian amenities, hospitals and colleges … the Russian military doesn’t threaten civilians in Ukraine; it doesn’t shell civilian infrastructure.”

The UN Common Meeting begins its first emergency assembly in a long time to debate Russia’s invasion, with Secretary-Common Antonio Guterres saying the trail to diplomacy should stay open. Greater than 500,000 Ukrainians have fled the nation, the UN additionally says.

Oil big Shell says it should withdraw from joint initiatives with Gazprom, the Russian fuel monopoly. Shell’s fairness in these initiatives is valued at $3bn. It says it should additionally finish its involvement in Nord Stream 2.

The impact of barring Russian banks from SWIFT is felt, because the rouble tumbles 30 %, forcing Putin to situation a decree imposing capital controls. Russians are prohibited from transferring cash or making mortgage funds overseas, although the central financial institution a day later clarifies that exterior debt may nonetheless be paid. Russians line up exterior banks to make withdrawals.

The EU – together with the US and different allies – locations a ban on transactions with the Russian Central Financial institution, that means funds to Russian firms and entities can’t be despatched.

INTERACTIVE- Airspace closures for Russian aircraft
(Al Jazeera)

March 1: A 65km-long Russian convoy amasses on the outskirts of Kyiv.

Strain additionally will increase on Kharkiv and Mariupol within the east, and Kherson within the south of the nation. A Russian missile strikes the sq. in entrance of the Kharkiv administrative constructing, blowing off its roof and gutting it. Zelenskyy calls the assault “frank, undisguised terror”.

Human Rights Watch reviews that Russians are utilizing cluster bombs towards civilians. Ukrainian officers additionally accuse Russia of focusing on a tv tower in Kyiv in an assault that killed 5 individuals.

The Russian invasion of Ukraine dominates the early elements of Biden’s first State of the Union deal with. The US president declares the nation will shut American airspace to Russian flights and guarantees that Putin pays a “persevering with worth” for the struggle.

Zelenskyy calls on Western nations to think about imposing a no-fly zone for Russian plane. The US dismisses the request, with White Home press secretary Jen Psaki saying the transfer may draw Washington right into a direct battle with Moscow.

March 2: The UN Common Meeting approves a non-binding decision condemning Russia for its invasion of Ukraine and demanding an instantaneous withdrawal. The decision is supported by 141 of the meeting’s 193 members. Thirty-five member states, together with China, abstain.

Russia claims its forces have captured Kherson, in southern Ukraine. Native authorities deny the town has fallen, however say Russian troops have encircled it.

Russia’s negotiator says a second spherical of talks will happen on Thursday, however Ukraine casts doubt on the plan. The UN says greater than 870,000 individuals have fled Ukraine because the invasion started.

The US declares the creation of a brand new process pressure – dubbed “KleptoCapture” – aimed toward holding Russian oligarchs accountable and guaranteeing {that a} collection of US sanctions imposed over Russia’s invasion of Ukraine are being enforced.

Interactive showing how countries voted.
[Al Jazeera]

World Taekwondo strips Russia’s Vladimir Putin of his honorary black belt : NPR


World Taekwondo Federation President Choue Chung-won, left, provides an honorary taekwondo black belt and uniform to Russian President Vladimir Putin in 2013.

Alexei Nikolsky/AP


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Alexei Nikolsky/AP


World Taekwondo Federation President Choue Chung-won, left, provides an honorary taekwondo black belt and uniform to Russian President Vladimir Putin in 2013.

Alexei Nikolsky/AP

Many athletic organizations are distancing themselves from Russia over its invasion of Ukraine. However now, Russian President Vladimir Putin himself is the goal.

World Taekwondo introduced it is withdrawing the honorary black belt it gave to Putin in November 2013. Moreover, the taekwondo governing physique stated no nationwide flags or anthems from Russia or its ally Belarus can be displayed or performed through the group’s occasions.

World Taekwondo and the European Taekwondo Union additionally stated no occasions can be acknowledged or held in Russia and Belarus.

“World Taekwondo strongly condemns the brutal assaults on harmless lives in Ukraine, which go towards the World Taekwondo imaginative and prescient of ‘Peace is Extra Valuable than Triumph’ and the World Taekwondo values of respect and tolerance,” World Taekwondo stated in a press release.

The transfer by World Taekwondo comes as many different companies, sporting occasions and different establishments work to sever ties with Russia, Putin, and any organizations with connections to them.

Putin is understood to be a fan of martial arts, significantly judo. The Russian president even co-wrote a ebook about it: “Judo: Historical past, Principle, Apply.”

The judo neighborhood additionally took steps to distance itself from Putin. The Worldwide Judo Federation suspended his standing because the group’s honorary president and ambassador, in line with The Related Press. The federation additionally canceled the game’s Grand Slam set to happen in Could in Kazan, Russia, in addition to all different competitions set to happen within the nation.

Main athletic organizations such because the Worldwide Olympic Committee have already made unprecedented strikes to shun Russia. Nationwide groups, together with U.S. Soccer, have refused to play any Russian groups in any circumstance.

FIFA just lately yanked worldwide competitions hosted on Russian territory “till additional discover.” The group additionally suspended Russian groups from taking part in any FIFA and UEFA competitions. That transfer will probably impression Russia’s participation within the World Cup in November.

Shoppers are even protesting the nation by boycotting Russian-made merchandise akin to vodka.



Are words enough to stop Russia’s invasion of Ukraine? | Russia-Ukraine war


Video Period 25 minutes 20 seconds

From: Inside Story

Joe Biden talks robust on Vladimir Putin in his first US State of the Union tackle.

US President Joe Biden delivered his first State of the Union tackle since he turned president.

And far is predicted of him at dwelling.

The economic system, healthcare, unemployment and crime are simply among the many challenges on his agenda.

However he opened his speech with the disaster unfolding in Ukraine, and it featured closely, together with his views on Russian President Vladimir Putin, and a brand new set of sanctions on Moscow’s elite.

America president warns the Russian chief has no thought what’s coming.

However past threats and sanctions, what can the US do to cease Russia’s assaults on Ukraine?

Presenter: Hazem Sika

Friends:

Aaron Kall – Editor and co-author of The State of the Union is … Memorable Addresses of the Final Sixty Years

Kira Rudik – Ukrainian member of parliament

Robert Hunter – Former US Ambassador to NATO

Ukrainian man who enlisted after Russia’s invasion gives an update, a week later : NPR


Volodymyr Omelyan says he believes that defending the Ukrainian capital, Kyiv, is essential. It’s a metropolis he appears like he belongs to.

Volodymyr Omelyan


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Volodymyr Omelyan


Volodymyr Omelyan says he believes that defending the Ukrainian capital, Kyiv, is essential. It’s a metropolis he appears like he belongs to.

Volodymyr Omelyan

Volodymyr Omelyan is among the many hundreds of Ukrainians who rushed to enlist after Russia invaded Ukraine final week. Talking to NPR by cellphone Wednesday, he mentioned he is assured Ukraine will prevail, regardless of going through Russia’s a lot bigger navy.

“We’re 100% positive that we’ll win,” he mentioned in an interview on Morning Version. “Little doubt about that. Undoubtedly.”

Ukrainian navy officers say their forces have managed to safe a number of notable victories in opposition to Russia’s navy — however they warn that the Russians appear to be adjusting their technique. Russia is counting on “the legal ways of long-range shelling of peaceable cities,” Ukraine’s protection minister, Oleksii Reznikov, mentioned in an replace on the battle.

Omelyan concurs with that evaluation — however he mentioned Russia’s method would possibly backfire, saying it is upsetting not solely terror amongst residents, however anger.

“They’re attempting to unfold panic among the many civilians, bombing them, however they get completely different response to such actions,” he mentioned. “Persons are getting livid and individuals are able to kill Russians. Even civilians which by no means took any type of gun of their arms.”

Omelyan was as soon as Ukraine’s infrastructure minister, however he is now positioned in Kyiv, with Ukraine’s territorial protection forces. He mentioned that whereas Ukraine’s navy nonetheless wants extra weapons and armor, it is having actual successes in opposition to Russia’s vaunted pressure.

“They have been all the time [saying] that it is just like the second military on the planet, but it surely seems to be very weak, and we crushed lots of their brigades,” he mentioned.

On Wednesday, the Russian Protection Ministry made its first announcement of considerable casualties in Ukraine, saying 498 personnel have been killed and 1,597 injured.

Omelyan mentioned he believes the Russians’ essential aim is to not occupy everything of Ukraine, however to get management of the capital, so Moscow can set up a puppet authorities and manufacture information tales a couple of profitable conquest of Kyiv.

Final week, Omelyan informed NPR that he joined Ukraine’s navy to guard his household. He additionally mentioned he was sure his nation will win. Every week later, that hasn’t modified.

“We’ll by no means give up,” he mentioned.

He thanked the U.S. and its European allies for his or her assist, saying he hopes Ukraine can grow to be a member of the EU. He referred to as for NATO to grow to be extra concerned, citing the Russian navy’s killing of Ukrainian civilians. And he reiterated that Ukraine wants extra tools to assist it battle.

“We want [an] pressing provide of anti-missile and anti-military plane programs to clear the skies from invasion,” he mentioned. “And we’ll deal with the land occupation simply.”

Russia’s invasion of Ukraine: List of key events from day seven | Russia-Ukraine crisis News


Because the Russia-Ukraine battle enters its seventh day, we check out the most important developments.

Russia’s army claims it has taken management of the strategically essential metropolis of Kherson in southern Ukraine, because the Ukrainian armed forces mentioned Russian troops had landed in Ukraine’s second-biggest metropolis of Kharkiv and triggered fast clashes.

Under are the important thing occasions from Wednesday, March 2, the seventh day of Russia’s invasion of Ukraine:

Kherson

  • Russia’s army claims to have taken full management of Kherson, a key Ukrainian port metropolis on the Black Sea. Footage confirmed Russian forces and tanks within the metropolis centre amid experiences of erecting checkpoints surrounding the town.

Kharkiv preventing

  • Russian paratroopers land in Ukraine’s second metropolis amid heavy preventing. Ukrainian officers say a hospital has been attacked and the barracks of a flight faculty is on fireplace after an air raid.

Biden manufacturers Putin a ‘dictator’

  • US President Joe Biden manufacturers Vladimir Putin a “dictator” in his annual State of the Union handle and pronounces a ban on Russian plane from utilizing US airspace.

Russia urges Kyiv residents to flee

  • Russia’s defence ministry urged Kyiv residents to flee and mentioned it could strike unspecified areas utilized by Ukraine’s safety companies and communications. Russia describes its assault on Ukraine as a “particular operation”, not an invasion looking for territory.

Armoured column

  • A US official mentioned a miles-long armoured column bearing down on the capital, Kyiv, had not made any advances previously 24 hours, frozen in place by logistics issues, shortages of gas and meals, and maybe pausing to reassess ways.

Civilians flee

  • Greater than 677,000 individuals have fled Ukraine because the Russian invasion, the United Nations’ refugee company says, with the quantity rising quickly.

INTERACTIVE Russia-Ukraine map Who controls what in Ukraine MAP DAY 7

UN courtroom to carry battle hearings

  • The UN’s Worldwide Courtroom of Justice says it should maintain public hearings on March 7 and eight over Ukraine’s allegations of “genocide” by Russia because the Basic Meeting is because of vote in a while Wednesday on whether or not to order Russia to withdraw its troops.

Corporations exit Russia

  • A string of Western firms say they’re freezing or scaling again enterprise with Russia, together with Apple, three of the world’s largest delivery firms and power corporations Eni, ExxonMobil and Boeing.

Nord Stream 2 goes underneath

  • Russian-owned Nord Stream 2 goes bancrupt after Germany halts the fuel pipeline following Moscow’s invasion. The European subsidiary of Russia’s Sberbank can be getting ready to enter insolvency.

Oil worth soars

  • Oil costs soar previous $110 a barrel, regardless of Worldwide Vitality Company members agreeing to launch 60m barrels from stockpiles.

World’s delivery strains halt Russian deliveries

  • Danish delivery big Maersk, Switzerland-based MSC and France’s CMA CGM say they may now not take bookings for items from Russia and can droop most deliveries.

World Financial institution support

  • The World Financial institution has ready a $3bn support package deal for Ukraine, together with no less than $350m in fast funds.

You possibly can learn key moments from Day 6 right here.

Ways Utahns can support Ukraine as Russia’s invasion continues


Humanitarian assist want skyrockets as 1000’s of Ukrainians’ flee the nation.

(Ed Kosmicki | Particular to The Tribune) Individuals maintain flags, indicators and sunflowers, the nationwide flower of Ukraine, throughout a rally on the Capitol steps Saturday, Feb. 26 2022. An estimated 500 individuals attended the rally in solidarity with Ukraine, which was invaded this week by Russia.

Tens of millions of Ukrainians wakened final week to explosions and plane hums reverberating all through Ukraine as Russia tried to take management of the nation. In response to the assaults, 1000’s of Ukrainian residents are fleeing to neighboring international locations to hunt security. Russia’s aggression sparked a global outcry, prompting international locations like Poland and Hungary to open their borders to Ukrainian refugees.

Present estimates present 500,000 Ukrainians have left the county and U.S. officials and humanitarian groups say the quantity might attain 1 to five million.

Utah leaders have condemned the violence perpetrated by Russia. A whole bunch of Utahns gathered on the Capitol on Saturday in protest of Russia’s invasion. Gov. Spencer Cox even issued an government order to take away Russian-brand booze from state liquor shops.

It’s presently unclear if Utah will likely be welcoming Ukrainian residents looking for refuge. Nevertheless, nationwide and worldwide humanitarian organizations are mobilizing to ship assist to Ukraine and surrounding international locations.

If the occasions unfolding in Ukraine strike a wire, listed here are six organizations you may donate to which are rallying to supply humanitarian assist to Ukraine:

The World Empowerment Mission (GEM)

The GEM Bstrong group has deployed to Medyka, Poland, on the border of Ukraine, and opened a “welcome middle” for Ukrainians who’re fleeing. The group helps buy transportation for these trying to go away for an additional nation the place they’ve family and friends. To this point, GEM has relocated 100,000 girls and kids from the Poland border. The group can be sending assist, equivalent to hygiene kits, to Medyka.

You possibly can donate to the trigger right here.

Nova Ukraine

Nova Ukraine is an American nonprofit that works intently with Ukrainian-based organizations and volunteers to coach the U.S. in regards to the nation and ship provides to weak populations all through Ukraine.

Nova Ukraine is mobilizing to ship humanitarian merchandise like child meals and important gadgets for hospitals.

You may make a donation right here. To volunteer with the group, click on right here.

The Worldwide Rescue Committee (IRC)

IRC is understood for serving to residents escape battle international locations and aiding with resettlement. They supply households with the mandatory sources to assist modify to a brand new place, and typically tradition. The IRC is in Poland presently, offering meals and water to Ukriainans crossing the border. Moreover, the IRC in Salt Lake Metropolis has helped Afghan refugees acclimate to life in Utah.

You possibly can donate to the IRC right here.

Polish Middle for Worldwide Help (PCPM)

This worldwide humanitarian group is gathering important provides for Ukrainians leaving or residing in attacked areas, equivalent to mills, energy banks and flashlights. PCPM says probably the most urgent want is donations to safe gear for areas which have misplaced energy and fuel. Skilled psychology professionals from Kharkiv are additionally offering help for youngsters and households below fireplace.

You possibly can donate to PCPM right here.

Voices of Kids

The Voice of Kids Basis is a Ukrainian group that gives psychological and psychosocial help for youngsters experiencing battle trauma. Voice of Kids workers are working in shelters across the Donetsk and Luhansk areas in Ukraine.

For the reason that Russian invasion of Ukraine final week, the inspiration has acquired immense contributions from around the globe. Because of the sheer quantity, Voice of Kids says they’re behind processing donations and can catch up as quickly as doable.

You can provide a donation right here.

Help Hospitals in Ukraine

This U.S. group works with Ukrainian hospitals and sends vital medical gear to Ukraine. Since 2014, the group has delivered greater than $4 million price of medical provides to hospitals all through Ukraine.

Donate to Help Hospitals in Ukraine right here.



Russia’s invasion of Ukraine: List of key events from day six | Russia-Ukraine crisis News


Because the Russia-Ukraine conflict enters its sixth day, we check out the most important developments.

Russia is urgent on with its invasion of Ukraine, defying mounting world stress that noticed a conflict crimes probe opened in opposition to it and sanctions smash its economic system.

Greater than 350 civilians, together with 14 kids, have been killed throughout the invasion, in accordance with Ukraine’s authorities, whereas greater than half one million folks have fled the nation.

Under are the important thing moments from Tuesday, March 1, the sixth day of Russia’s invasion of Ukraine:

Kyiv braces

  • Satellite tv for pc photos confirmed an unlimited navy column amassing simply north of Ukraine’s capital, Kyiv, the place residents are braced for a Russian assault.

Russians attain Kherson

  • Russian forces reached the southern metropolis of Kherson close to Moscow-controlled Crimea, establishing checkpoints on its outskirts, its mayor mentioned. Moscow claimed to have besieged the town two days in the past.

Dozens of Ukrainian troopers killed

  • A Ukrainian official mentioned a Russian artillery assault on a navy unit in Okhtyrka, a metropolis between Kharkiv and Kyiv, killed no less than 70 Ukrainian troopers on Monday.

Air-raid alerts in Kharkiv and different cities

  • The Kyiv Unbiased, a Ukrainian information outlet, is reporting air-raid sirens in Kyiv, Kharkiv and different cities, together with Vinnytsia, Uman and Cherkasy.

Turkey blocks warships

No breakthrough at talks

  • Negotiators from Ukraine and Russia ended the primary spherical of talks with no breakthrough. Either side comply with conduct a second spherical “quickly”.

Nuclear worry

  • The top of the United Nations atomic vitality watchdog, the IAEA, expressed “grave concern” that invading Russian troops are working near Ukraine’s largest nuclear energy station close to Zaporizhzhia.

Rouble crashes

  • Russian President Vladimir Putin ordered emergency capital controls and compelled exporters to purchase roubles to prop up the forex, which fell by greater than 30 per cent in the beginning of commerce on Monday in opposition to america greenback.

Ukraine says Starlink tools has arrived

  • Ukraine’s minister of digital transformation mentioned tools to make use of SpaceX’s Starlink satellite tv for pc web service has arrived in his nation.

No Hollywood movies

  • Disney and Sony Photos stopped the discharge of their movies in Russian cinemas due to Russia’s invasion of Ukraine.

Mastercard blocks a number of monetary establishments

  • Mastercard blocked a number of monetary establishments from its fee community because of sanctions imposed on Russia over its invasion of Ukraine.

You may learn key moments from Day 5 right here

Western companies in Russia’s oil and gas sector | Russia-Ukraine crisis News


Worldwide power large BP has opted to go away Russia after Western nations imposed extreme sanctions on its corporations and people following Moscow’s army assault on Ukraine.

BP, the most important international investor in Russia, mentioned it was abandoning its stake within the state oil firm Rosneft at a price of as much as $25bn, shrinking its oil and gasoline reserves in half. Shell adopted swimsuit, saying it could divest of its publicity as nicely.

The next are some information concerning the publicity of Western oil and gasoline corporations to Russia, which calls its actions in Ukraine a “particular operation”:

BP

The British oil firm has a 19.75 p.c stake in Rosneft, headed by Igor Sechin, a longstanding ally of President Vladimir Putin. Rosneft accounted for a 3rd of BP’s oil and gasoline output in 2021.

BASF

The German chemical substances maker BASF co-owns Wintershall Dea – one of many monetary backers of the suspended Nord Stream 2 gasoline pipeline – with Russian billionaire Mikhail Fridman’s LetterOne investor group. BASF additionally says it generates 1 p.c of group gross sales from Russia.

Wintershall Dea and Gazprom collectively work on the Achimov Growth gas-producing venture.

CHEVRON

Chevron has a 15 p.c stake within the Caspian Pipeline Consortium (CPC), a pipeline that runs from Kazakhstan to a Russian Black Sea terminal used for Chevron to export its crude. It additionally operates different subsidiaries that accomplice with Russian corporations.

ENGIE

The French gasoline utility is certainly one of 5 co-financiers of Gazprom’s Nord Stream 2 and has a stake in Nord Stream 1, an working pipeline, together with Wintershall Dea and Gasunie.

ENI

The Italian firm and Gazprom every have a 50 p.c stake within the Blue Stream gasoline pipeline to Turkey.

EQUINOR

The power group EQNR, which is majority-owned by the Norwegian state, mentioned on Monday it’s going to begin divesting its joint ventures in Russia. It has minority stakes in three Russian oilfields.

Norway’s sovereign wealth fund, the world’s largest, may also divest its Russian belongings, value about 25 billion Norwegian crowns ($2.80bn).

EXXONMOBIL

The worldwide oil firm’s key asset in Russia is the Sakhalin-1 oil and gasoline producing venture within the Pacific. ExxonMobil additionally markets petrochemical merchandise in Russia which might be utilized by native industries, in line with its web site.

An ExxonMobil affiliate has a 7.5 p.c curiosity within the Caspian Pipeline Consortium (CPC), which exports oil from Kazakhstan through the Russian Black Sea port of Novorossiisk.

The corporate exited a number of joint ventures in Russia following sanctions imposed after Moscow annexed Crimea in 2014.

HALLIBURTON

Halliburton’s Eurasia unit operates in Russia and Ukraine. The corporate warned in February as tensions rose that its capacity to interact in sure future initiatives in Russia or work with sure Russian clients trusted whether or not its involvement could be restricted on account of United States or European Union sanctions legal guidelines.

OMV

The oil and gasoline firm OMV is among the 5 monetary backers of Nord Stream 2 and is Austria’s primary importer of Russian gasoline. It has a 24.99 p.c stake within the Russian gasoline subject Yuzhno-Russkoye.

SHELL

The Anglo-Dutch oil firm is among the largest direct international buyers within the Russian financial system. It owns 27.5 p.c of the Sakhalin-2 liquefied pure gasoline venture, which has an annual capability of 11 million tonnes and is operated by Gazprom. It is among the 5 co-financiers of Nord Stream 2.

Shell additionally has pursuits within the Salym Petroleum oil venture with Gazprom Neft and a enterprise for hydrocarbon growth at Gydan Arctic peninsular. On Monday, Shell mentioned it deliberate on leaving its Russian partnerships.

TOTALENERGIES

The French firm holds a 19.4 p.c stake in Novatek, Russia’s largest producer of liquefied pure gasoline (LNG). It has a 20 p.c stake within the Yamal LNG venture in addition to a ten p.c curiosity in Arctic LNG 2, which is scheduled to start out manufacturing subsequent yr.

The corporate additionally holds a 49 p.c stake within the Terneftegas three way partnership, which develops the Termokarstovoye onshore gasoline and condensate, and a 20 p.c curiosity within the onshore Kharyaga oil subject, its web site exhibits. It has acquired 10 p.c in LNG transhipment hubs in Murmansk and Kamchatka.

UNIPER

The German utility has a $1bn publicity to Nord Stream 2, together with 5 energy crops in Russia with a mixed capability of 11.2 gigawatts, offering about 5 p.c of Russia’s complete power wants.

Uniper and its controlling shareholder Fortum collectively personal 12 energy crops in Russia and make use of 7,000 folks there.

(Reporting by Reuters in Moscow; Enhancing by Emelia Sithole-Matarise and Alistair Bell)