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CNN —Right-wing populists are set to make unprecedented gains in the elections to the European Parliament taking place next month. Polling data suggests that far-right Members of the European Parliament (MEPs) could have enough seats to, together, block the passage of European Union legislation, creating a massive headache for the union as a whole. “For some countries, that is a six-month process, in others it can take two years,” a senior European Parliament source told CNN. Britain's Nigel Farage used his seat in the European Parliament to promote Brexit. It only becomes an issue if they are working with foreign powers to advance their agenda,” an EU security source told CNN.
Persons: Ursula von der Leyen, Yiannis Kourtoglou, Reuters “, , James Shires, you’ll, don’t, Britain's Nigel Farage, SEBASTIEN BOZON, it’s, Organizations: CNN, Parliament, European, Reuters, , Brexit, Getty, British, EU, Brussels Locations: Brussels, China, Russia, Strasbourg, AFP, Britain, Ukraine, EU, Europe
CNN —About 50,000 opponents of a “foreign agents” bill marched peacefully in heavy rain through the Georgian capital on Saturday, after the United States said the country had to choose between the “Kremlin-style” law and the people’s Euro-Atlantic aspirations. “Georgian parliamentarians face a critical choice – whether to support the Georgian people’s Euro-Atlantic aspirations or pass a Kremlin-style foreign agents’ law that runs counter to democratic values,” he said. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024. Georgian Dream says the bill will promote transparency and Georgian national sovereignty. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024.
Persons: , , Jake Sullivan, Irakli Gedenidze, Nino, Vladimir Putin’s, Reuters Bidzina, Sullivan Organizations: CNN, House, Georgian, European, Reuters, Union, Vladimir Putin’s Kremlin, European Union, EU, NATO Locations: States, backsliding, Georgia, European Union, Tbilisi , Georgia, , Russia, Europe, , Georgian, Tbilisi, United States
Ukrainian volunteers assit residents of settlements in the north of the Kharkiv region during their evacuation on May 10, 2024, amid the Russian invassion in Ukraine. Russia said on Saturday that its forces had taken five border villages in Ukraine's Kharkiv region, where Russia launched an offensive on Friday, exploiting its increasing advantage on the battlefields of eastern Ukraine. Ukrainian officials said on Friday that Russia had launched a new cross-border offensive against the Kharkiv region, which is centered around Kharkiv City, Ukraine's second-largest. On Saturday, Russia kept up its attacks in the Kharkiv region and was trying to advance further, Kharkiv Governor Oleh Syniehubov said. Russian forces first attacked Kharkiv region in Feb. 2022, but were routed from most of the province by a lightning Ukrainian counter-offensive in September of that year.
Persons: Oleh Syniehubov, Vladimir Putin Organizations: Defence Ministry Locations: Kharkiv, Ukraine, Russia, Ukraine's Kharkiv, Pletenivka, Russian, Keramik, Donetsk, Moscow, Ukrainian, Avdiivka, Kharkiv City, Ukraine's, Russia's, Belgorod
Ukraine has been targeting Russian oil refineries in recent months. The Biden Administration has criticized the strikes, warning of global energy price rises. AdvertisementUkraine has been ramping up attacks on Russian oil refineries in recent months as it seeks to hamper Russian export revenues and curtail fuel supplies to Russian President Vladimir Putin's forces. Advertisement"Those attacks could have a knock-on effect in terms of the global energy situation," Austin said. Related storiesThe experts said that Ukrainian attacks on oil refineries would only hinder Russia's ability to turn its oil into refined products such as gasoline and would not impact the volume of oil it can extract or export.
Persons: Biden, , Vladimir Putin's, Radiy Khabirov, Lloyd Austin, Austin, Michael Liebreich, Lauri Myllyvirta, Sam Winter, Levy, Alexander Novak Organizations: Biden Administration, Service, Reuters, Russia's, Defense, Foreign Affairs, Bloomberg New Energy Finance, Centre for Research, Energy, Clean, Princeton University, Bloomberg Locations: Ukraine, Russia's Kaluga, Russia's Republic, Bashkortostan, Russia, China, India
The Department of Defense is working on initiatives to face the drone threat, but the US military doesn't yet appear ready to confront this ever-evolving challenge, especially on the scale seen in Ukraine. AdvertisementA US military MQ-9 Reaper drone waits for take-off at Kandahar Air Base in Afghanistan on March 9, 2018. US military leaders have repeatedly stressed there's no silver bullet to defeat small drones in battle. Shellie HallStudents there spend several weeks learning how to identify, engage, and defeat small drones. The drone threat draws certain parallels to fighting in Iraq and Afghanistan, where hidden bombs posed a tremendous threat.
Persons: GENYA SAVILOV, Mick Ryan, hasn't, you've, Franz J, Marty, Samuel Bendett, Paul Scharre, that's, Mike Parent, Mark Schauer, Parent, Paul Butcher, Cpl, Doug Bush, Amber Osei, Moseph Sauda, doesn't, Sauda, America's, Bram Janssen, Scharre, Justin Bronk, Jack Watling, Ryan Organizations: Business, Troops, of Defense, Department of Defense, Getty, Australian Army, Islamic State, Kandahar Air Base, Defense Ministry, Karabakh . Defense Ministry, Azerbaijan, AP, Pentagon, US Army, Aircraft Systems, Solutions, 71st Jaeger Brigade, US Army Yuma, Technology, Army, sUAS University, US Marine Corps, Force, Central Command, Shellie, National Training Center, US Army Air Defense Artillery, Center, New, New American Security, Base, London's Royal United Services Institute Locations: Russian, Ukrainian, Ukraine, prowling, Jordan, Chasiv Yar, Donetsk, AFP, Afghanistan, Armenia, Azerbaijan, Russia, Nagorno, Karabakh, Avdiivka, Yuma, East, Oklahoma's Fort Sill, California, Fort Sill, China, Luhansk Region, Europe, Iran, New American, Iraq, Washington, Bagram, Kabul, Australian
The town of Vovchansk in the northern Kharkiv region, liberated from Russian occupation more than 18 months ago, awoke Friday to intense shelling and aerial bombardment. As of Saturday, it appeared the Russians still held a handful of Ukrainian border villages, with intense aerial bombardment continuing in the Vovchansk area. Barros says that it is instead to compel Ukrainian forces to pivot from Donetsk to Kharkiv region. Gunners fire at Russian positions in the Kharkiv region on April 21. In Krasnohorivka, for example, Ukrainian units were able for months to use apartment buildings and a brick factory as defensive positions.
Persons: Volodymyr Zelensky, Vadym Skibitsky, George Barros, Sever, , ” Barros, Anatolii Stepanov, Barros, exacerbates, Vyacheslav Madiyevskyy, Zelensky, Chasiv, Chasiv Yar, Skibitsky, Stanislav, , that’s Organizations: CNN, Ukraine, Russian, Ukrainian Defense Intelligence, Institute for, ” Gunners, Getty, Manpower, Reuters, Gunners, Kharkiv, United States, Zelensky Locations: Vovchansk, Kharkiv, Russia, Donetsk, Ukraine, North, Washington, “ Russia, Ukrainian, AFP, Sumy, Donetsk oblast, Belgorod, Russian, Chasiv Yar, Chasiv, , Kreminna, Kharkiv oblast
In early May, reports circulated that Russia had accidentally bombed its own territory in Belgorod. UK intelligence said such instances highlight Russia's struggles to employ munitions on intended targets. AdvertisementThere have been numerous reports over the last year of incidents of Russian aircraft accidentally dropping bombs and missiles on Russian civilian areas around border regions with Ukraine. Belgorod, a region of Russia close to the besieged northeastern Ukrainian territory of Kharkiv, has borne the brunt of the apparent errors. It noted that increasing reports of such incidents likely pointed to fatigued troops and poor training.
Persons: Organizations: Service, Russian, Telegram, Astra, Russian FAB, Russian Defense Ministry, Getty, British Ministry of Defence, MoD Locations: Russia, Belgorod, It's, Ukraine, Kharkiv, Russian, Anadolu
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Zelensky's International Legion of Territorial Defense of Ukraine (ILDU) was born, echoing the International Brigades that fought fascism in the Spanish Civil War of the 1930s. According to Ukrainian officials, dozens of Ukrainians were killed and more than 100 foreign volunteers injured, ending their campaigns before they began. AP Photo/Rodrigo Abd, FileUkraine originally said 20,000 foreign volunteers had signed up to fight. That could prove "very enticing" for some foreign volunteers, Bocchese said. AdvertisementAn April 2024 increases payments for Ukrainian volunteers, adds new punishments for draft dodging, and seeks to compel Ukrainian men living abroad to come home.
Persons: , Volodymyr Zelenskyy, Carl Larson, Marco Bocchese, Rodrigo Abd, Bocchese, Matteo Pugliese, Pugliese, Larson, Oleksandr Shahuri, Zelenskyy, Lukatsky Organizations: Ukraine's, Service, Legion of Territorial Defense of, Brigades, Royal United Services Institute, International Legion, Legion, Webster Vienna Private University, AP, Washington Post, 59th Motorized Brigade, Company, University of Barcelona, Georgian Legion, International, Army, Green Beret, Navy SEAL, State Department, National Guard, Bolivar Battalion, Associated Press Locations: Russia, Ukraine, Legion of Territorial Defense of Ukraine, Spanish, Ukraine's, London, Iraq, Kharkiv, Alabama, Russian, Lviv, Bucha, Kyiv, Austria, Montenegro, Kosovo, India, Latin America, Ukrainian, Lyman, Bolivar, Venezuela, Ecuador, Argentina, Colombia, Venezuelan
Malmo CNN —The Eurovision Song Contest was thrown into fresh turmoil Saturday when organizers disqualified the Dutch entrant hours before the grand final for a backstage incident involving a female crew member. “Swedish police have investigated a complaint made by a female member of the production crew after an incident following his performance in Thursday night’s Semi Final. While the legal process takes its course, it would not be appropriate for him to continue in the Contest,” the EBU said. The EBU said the disqualification of Klein did not involve any other performer or member another country’s delegation. Tensions brew in Malmo ahead of finalThe alleged incident involving Klein happened on Thursday evening after the second semi-final, the EBU said.
Persons: Joost Klein, , Klein’s, AVROTROS, Klein, Eden Golan, Israel, Switzerland’s Nemo, France’s, Alyona, Jerry Heil, Golan Organizations: Malmo CNN, European Broadcasting Union, Swedish Police Authority, CNN, Malmo Arena, EBU, Security, RAI, Croatia, Israel Locations: Malmo, Sweden, Israel, Russia, Ukraine, Gaza
Warren Buffett is building up cash because he can't find anything better, Ted Oakley said. Buffett probably cut his Apple stake to reduce his exposure to the "one-trick pony," Oakley said. AdvertisementWarren Buffett is stacking up cash because he's battling a bargain drought — and he likely trimmed Apple because he felt overexposed to the iPhone maker, one expert says. AdvertisementApple accounted for half of Berkshire's $354 billion stock portfolio at the end of December. "Warren Buffett knows that," he said.
Persons: Warren Buffett, Ted Oakley, Buffett, Oakley, , overexposed, Berkshire Hathaway, Buffett's Organizations: Service, Oxbow Advisors, Apple, Oxbow Locations: pouncing, Berkshire, China, Russia, India, Saudi Arabia
US F-16s will have a big impact in helping Ukraine reclaim Crimea, an analyst told BI. AdvertisementThe delivery of US-made F-16s could play a crucial role in Ukraine's attempts to take back occupied Crimea, a defense expert told Business Insider. In the latest blow on Monday, Ukraine used an exploding naval drone to destroy a Russian military speedboat in Crimea. Explosion causes fire at the Kerch bridge in the Kerch Strait, Crimea on October 08, 2022. There are signs that these attacks are forcing Russia to rethink its use of the peninsula and the Kerch bridge.
Persons: , Ukraine's, Frederik Mertens, Mertens, Putin, Vera Katkova, Molfar Organizations: Service, Hague, Strategic Studies, Kharkiv, US, The New York Times, Army Tactical Missile Systems, Sea, Russian Defense Ministry Press Service, AP, Fleet, Anadolu Agency, Getty Locations: Ukraine, Crimea, Denmark, Norway, Belgium, France, Romania, Kerch, Ukraine's, Russian, Russia, The, Sevastopol
Eastern Ukraine, a Ukrainian Air Force MiG-29 Wild Weasel fires off an AGM-88 HARM towards a Russian radar. (Summer ‘22) pic.twitter.com/IOeu7hzUxW — OSINTtechnical (@Osinttechnical) February 8, 2024The US Air Force pioneered SEAD tactics in the Vietnam War. The term "wild weasel" originated from Project Wild Weasel. This US Air Force anti-SAM strategy used direct attacks to suppress enemy air defenses, according to the National Museum of the US Air Force. But, he added Ukraine's tactics "go far beyond the classic wild weasel missions of Anti-Radiation Missile equipped aircraft."
Persons: , UkrAF Su, McDonnell Douglas, Stuart Lutz, Gado, Seaman Anthony N, Frederik Mertens, Mertens, William LaPlante, Justin Bronk, Bronk, Russian SAMs, James Hecker, Kajsa Ollongren, Putin Organizations: Service, Ukraine's, US Air Force, Radiation, Business, Ukrainian Air Force, Air, National Museum of, US Navy, US, U.S . Navy, Communication, Hague, Strategic Studies, Radiation Missile, Defense, Washington DC, Wild, Technology, Royal United Services Institute, Russian SAM, United States Air Forces, Air Force, Space, Rygge Air Force Base, OLE BERG, Getty, Dutch Defense Locations: Ukraine's Soviet, Eastern Ukraine, Russian, Ukraine, Ukrainian, treetop, Vietnam, Libya, Iraq, Yugoslavia, London, Europe, Romania, Norway, AFP, Netherlands, Vilnius, Denmark, Crimea, Kerch
Carlos Avila Gonzalez/San Francisco Chronicle/Getty Images The northern lights shine in the night sky above the Molenviergang in Aarlanderveen, the Netherlands, early May 11. Alexey Malgavko/Reuters The northern lights are seen in a rural area west of Fort Lauderdale, Florida, on Friday, May 10. Courtesy Luke Culver People photograph the northern lights from Whitley Bay, England, on May 10. Courtesy Jan Reed The northern lights glow in the night sky in Brandenburg, Germany, on May 10. Increased solar activity causes auroras that dance around Earth’s poles, known as the northern lights, or aurora borealis, and southern lights, or aurora australis.
Persons: Chad Myers, it’ll, Alastair Johnstone, Andrew Chin, Sanka Vidanagama, Carlos Avila Gonzalez, Josh Walet, Robert Nemeti, Jean, Christophe Bott, Max Slovencik, Alexey Malgavko, Luke Culver, Ian Forsyth, Robert F, Geoff Robins, Rich, Jan Reed, Patrick Pleul, Jenny Kane, Adam Vaughan, Jacob Anderson, Peter Byrne, Biden, it’s, Dr, Hakeem Oluseyi, Bill Nye, Guy, , Organizations: CNN, National Oceanic, Prediction, Midwest, Getty, San Francisco Chronicle, Keystone, AFP, Luke Culver People, Rockies, National Weather Service Locations: Alabama, Ohio, Pacific Northwest, North America, Gulf, , Sheffield, England, Manning, British Columbia, Christchurch , New Zealand, AFP, Berryessa , California, Aarlanderveen, Netherlands, Debrad, Slovakia, Anadolu, Le, Dessous, Switzerland, Vienna, Siberian, Tara, Russia's Omsk, Fort Lauderdale , Florida, Whitley Bay, Brunswick , Maine, London , Ontario, Ontario, Tennessee, Washington, Memphis , Tennessee, Rich Hill , Missouri, Brandenburg, Germany, Estacada , Oregon, Cumming , Georgia, Crosby , England, Edinburgh, Scotland, Crosby Beach, Liverpool, Texas, Coast, Sweden, South Africa, United States
CNN —Switzerland’s Nemo won a chaotic and politically fraught Eurovision Song Contest, triumphing in a competition in Sweden that was upstaged by controversy over the presence of Israel. But organizers the EBU (European Broadcasting Union) sharply defended Israel’s presence, and insisted the contest is non-political – a line that became increasingly untenable as artists, broadcasters and fans clashed over the presence of Israel’s singer Eden Golan. Ultimately a competitor was disqualified, just hours before the event – the Dutch contestant Joost Klein, who was kicked out of the final after an “incident” backstage. Ireland’s Bambie Thug told CNN in the build-up to the event that it was “the wrong decision” not to exclude Israel, as Russia had been two years ago. But for all the celebratory scenes that closed the show, the EBU will be relieved to see a rocky week conclude.
Persons: Switzerland’s Nemo, Eden Golan, Joost Klein, Ireland’s Bambie Thug, , Organizations: CNN, Israel’s, Malmo, Eurovision, Protesters, European Broadcasting Union Locations: Sweden, Israel, Gaza, Russia, Swedish
The 2024 Army Force Structure Transformation would be the Army's fifth major reorganization since 2003. The most striking aspect of the Army's plan is the large number of new units, for counter-drone protection as well as air and missile defense. In addition, there would be nine counter-small UAS batteries tasked with destroying small drones, and four more Maneuver Short Range Air Defense (M-SHORAD) battalions to stop manned aircraft, helicopters and drones. Monica K. Guthrie/US ArmyThe Army is also basing its plans on untried weapons, such as the Long-Range Hypersonic Missile and air defense lasers. China and Russia have much stronger air and missile forces than the regional opponents the army has faced for the last generation."
Persons: Monica K, Mark Cancian, Cancian, Michael Peck Organizations: Service, US Army, 2024, Army, Business, Congressional Research Service, Congress, Air Defense, Domain, Forces, CRS, Special Operations Forces, Security Force, Guthrie, Energy, Center for Strategic, International Studies, US, Nuclear Forces, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, China, Soviet Union, Ukraine, Forbes
CNBC's Inside India newsletter: A disconnected stock market
  + stars: | 2024-05-10 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +5 min
CNBCThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. For local investors, Indian stocks would have underperformed the U.S. benchmark by more than 45 percentage points since Buffett's 2008 bet. It appears that India's near 8% GDP growth isn't transforming into stock market returns. But that has also meant significant competition for the incumbents, many of which are listed on the stock market. This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.
Persons: Warren Buffett, it's, Jonathan Pines, Federated Hermes, Rajeev Agrawal, Agrawal, Narendra Modi's, Kevin Carter, Buffett, Carter, Modi, Narendra Modi, Amit Shah, Virat Kohli, Rajat Patidar Organizations: Berkshire, CNBC, BSE, Federated, DoorDarshi Advisors, Narendra Modi's BJP, India, Ecommerce, One97 Communications, Ujjivan Financial, BJP, Russia, Indian, Ukraine, India's Central Bureau of Investigation, Indian Premier League, Wednesday, Royal Challengers Bengaluru Locations: Omaha , Nebraska, Omaha, BSE India, India, United States, Gandhinagar Lok Sabha, Russia, Mumbai, Punjab Kings
Read previewUkraine's latest aerial attack on Russian soil is its farthest one yet, Ukrainska Pravda reported, with officials saying a drone traveled 930 miles to strike an oil refinery far inside Russia's borders. AdvertisementThe strike, which has not been independently confirmed, would represent a distance record in Ukraine's ever-more ambitious series of drone strikes on Russian energy facilities. In early April, Ukraine demonstrated its drones' increasing reach after Russian officials reported strikes 620 miles inside their country. Related storiesReports claim that the White House has reached out to President Volodymyr Zelenskyy to signal its concern that hitting Russia's oil production will destabilize global energy prices. The strikes have also led to a surge in the price of refined oil products within Russia itself, they argued.
Persons: , Ukrainska, Radiy Khabirov, Volodymyr Zelenskyy, Michael Liebreich, Lauri Myllyvirta, Sam Winter, Levy, Carnegie, Sergey Vakulenko, Ann Marie Dailey Organizations: Service, Ukrainska Pravda, Ukraine's Security Service, Gazprom, Business, RIA Novosti, Russian, White, Bloomberg New Energy Finance, Foreign Affairs, RAND Corporation Locations: Russian, Bashkortostan, Ukraine's, Ukraine, Russia
CNN —Ukrainian President Volodymyr Zelensky dismissed the head of the the agency responsible for his protection after two of its officers were detained over an alleged assassination plot against him. The sacking of State Guard Service (UDO) chief Serhii Rud was revealed in a decree published on the presidential website. According to Ukrainian state media Ukrinform, Rud was appointed to be Zelensky’s top bodyguard in October 2019. Earlier this week it emerged that Ukraine had detained two security officials allegedly involved in a Russian plot to assassinate Zelensky. The prosecutor’s office said one of the suspects received two drones and ammunition from Russia’s state security service (FSB), which they intended to transfer to another accomplice to carry out an explosion.
Persons: Volodymyr Zelensky, UDO, Serhii Rud, Rud, Zelensky, , General’s, Vasyl Maliuk, Kyrylo Organizations: CNN, State Guard Service, Ukraine, Ukrainian, Defence Intelligence Locations: Ukrainian, Ukraine, Russia
These new security features and other upgrades at a munitions depot in central Belarus reveal that Russia is building facilities there that could house nuclear warheads. If Russia does move weapons to this location, it would mark the first time it has stored them outside the country since the fall of the Soviet Union in 1991. Russia already has nuclear warheads on its own soil that are close to Ukraine and NATO countries, but by basing some in Belarus, the Kremlin appears to be trying to accentuate its nuclear threat and bolster its nuclear deterrent. Russia’s president, Vladimir V. Putin, made reference to such a site early last year, saying Russia would soon be completing the construction of “special storage for tactical nuclear weapons” in Belarus. The New York Times analyzed satellite imagery and photos, and spoke with nuclear weapons and arms control experts, to track the new construction, which started in March 2023.
Persons: Vladimir V, Putin Organizations: NATO, The New York Times Locations: Belarus, Russia, Soviet Union, Ukraine
Officials said a US delegation will travel to Niger over the weekend to discuss how it will be carried out. “Niger is pretty profound in the decision of the government there … to have us depart or at least go to very low numbers,” Maier said. Since the coup in July, airspace has been closed over Niger to foreign militaries who have all had to submit individual requests for airspace to conduct military flights, one US official told CNN. A US military official explained that the withdrawal will come in phases over a period of months. The footprint will continue to shrink in phases as equipment and personnel not deemed necessary are moved out of country.
Persons: “ We’ll, ” Chris Maier, ” Maier, Michael Langley, , Organizations: CNN, Pentagon, US Africa Command, Russian Federation Locations: Niger, West African, “ Niger, Africa, Russia, United States, Chad, Russian, China, Israel
Russia has launched a major attack in Ukraine's northeastern Kharkiv region. Zelenskyy said Ukrainian forces have responded to the attack, but "a fierce battle is underway." There are fears it could be part of a renewed drive for the city of Kharkiv that Russia failed to seize in the war's early months. AdvertisementRescuers work at a house in Kharkiv on May 10, 2024 after a Russian missile attack. The analysts said Moscow lacks enough troops in the area, and did not try to attack the city from multiple directions.
Persons: Zelenskyy, , Volodymyr Zelenskyy, Dara Massicot, Andrii, Andrii Kovalenko, Kovalenko Organizations: Service, Images, Slovakian, Carnegie Endowment, International, AP, Institute for, National Security and Defense Locations: Russia, Ukraine's, Kharkiv, Kyiv, Ukraine, Ukrainian, Vovchansk, Moscow, Russian
CNN —Russian forces have made two cross border assaults inside northern Ukraine, according to information from Ukrainian sources and officials – in what President Volodymyr Zelensky is calling a ‘new wave of counteroffensive actions” by Russia. In the first development, Russian soldiers penetrated at least one kilometre towards the town of Vovchansk, a Ukrainian military source told CNN. The source said the Russian ground assault towards Krasne was carried out by four Russian battalions - about 2000 men. “But our military and military command were aware of this and anticipated their forces to meet the enemy with fire. Syniehubov insisted the latest Russian ground assaults did not put the city, which lies just 30 kms south from the Russian border, under heightened risk.
Persons: Volodymyr Zelensky, , DeepStateMap, , ” Zelensky, Oleh Syniehubov, Syniehubov Organizations: CNN, Russian, Ukraine’s Defense Ministry, CNN Russian, Staff, , National Locations: Ukraine, Russia, Vovchansk, Ukrainian, Krasne, Russian, Moscow, “ Russia, Kharkiv
Read previewThe US miscalculated when it imposed harsh sanctions on Russia, and not only has Vladimir Putin's economy weathered the impact, but the West is facing the negative effects of the economic restrictions it imposed. Food and energy prices have soared since the West imposed sanctions on Russia, he noted partly because Russia is one of the world's largest exporters of oil and grain. Even the US dollar may end up worse off due to sanctions, Rubin said. Russia's trade with China, for instance, has nearly completely phased out the dollar, Russian officials said last year. "Sanctioning the ruble and confiscating a third of the Russian central bank's foreign reserves was supposed to cripple the Russian economy.
Persons: , Vladimir, Jeff Rubin, " Rubin, crimp, Rubin, Putin Organizations: Service, Business, The Globe, Federal Reserve Board, Bank of Canada Locations: Russia, Ukraine, China, Russian
What's more, Xi Jinping has told the Chinese military to prepare for war and said that reunification with Taiwan is inevitable. But not everyone thinks a Chinese military move is necessarily imminent. If China was actively preparing for a near-term invasion of Taiwan, Kennedy said there are a few things he might expect to see first. AdvertisementIf China does invade, the global economic impact would be huge, and despite its efforts to secure its economy, China would likely be far from unscathed. "Any action against Taiwan would be disastrous for China's economy," Chilukuri said.
Persons: , Vivek Chilukuri, Scott Kennedy, It's, Chilukuri, Xi Jinping, China's, Jinping, Kennedy, he'd Organizations: Service, Business, West, Center, New, New American Security, Center for Strategic, International Studies Locations: China, Southeast Asia, Europe, US, Taiwan, New American, United States, Russia, Ukraine, Hong Kong
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