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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia’s war in Ukraine is igniting an old debate in Brussels over debtCNBC's Silvia Amaro reports from Munich on how European NATO members have plans to increase their defense spending.
Persons: CNBC's Silvia Amaro Organizations: NATO Locations: Ukraine, Brussels, Munich
Traveling from the Munich Security Conference towards Ukraine’s frontlines, the polite frustration and manicured pleas of Western leaders and Ukrainian President Volodymyr Zelensky feel yet more desperate. Ukrainian soldiers of Brigade 71 fire artillery in the direction of Avdiivka on February 18, 2024. Latvia’s president spoke of “murder,” Germany’s defense minister of how the death showed Russia was “willing and able to provoke” the West. Tobias Schwarz/ReutersIn and of itself, the Ukrainian defeat Avdiivka does not herald a sea change in Kyiv’s fortunes. Instead they may face larger existential questions about providing a lot more help, very urgently, to stop Ukraine’s war becoming Europe’s.
Persons: Ukraine’s frontlines, Volodymyr Zelensky, Diego Herrera Carcedo, Alexey Navalny, Putin, , Joe Biden, Kamala Harris, Zelensky –, , Tobias Schwarz, Avdiivka, Bakhmut, , Valerii Zaluzhnyi, Oleksandr Syrsky —, Zelensky, , Tucker Carlson, Kostiantyn, Zaluzhnyi Organizations: CNN, Munich, Ukraine’s, Ukrainian, United States Congress, Brigade, Getty, Trump, NATO, Republican, Reuters, European Union Locations: Europe, Ukraine, Avdiivka, Anadolu, Russia, West, Munich, Germany, Moscow, Kyiv, Kupiansk, Kharkiv, Russian, Poland, frontlines, North Korea
Russia's President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting in Beijing on October 18, 2023. The provisions would mark the first direct penalties against Beijing despite long-held Western suspicions over its support for Russia's military operations. So I would hope China would calculate carefully that there are consequences around the corner for supporting Russia's violence and depravity in Ukraine." Asked whether the U.S. is considering similar sanctions on China as those proposed by the EU, U.S. A separate January report found that China has become key conduit in funnelling critical Western tech into Russia.
Persons: Vladimir Putin, Xi Jinping, Sergei Guneyev, Gerald Connolly, CNBC's Silvia Amaro, Connolly, Ben Cardin, Biden, Josep Borrell, Alexei Navalny Organizations: Afp, Getty, Congress, CNBC, Democratic, U.S . House, Foreign Relations, European Union, Beijing, Saturday, Munich Security, EU, U.S, Russia, U.S . National Security Council Locations: Beijing, Munich, GERMANY, The U.S, Russia, Ukraine, China, Washington, U.S
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets lowerU.S. stocks closed Friday in the red, ending their five-week winning streaks after hotter-than expected producer price index data for January. Urgent Ukraine appealEuropean leaders seek more support for Ukraine as Russia continues to make gains. [PRO] Bullish on equitiesMorgan Stanley has a positive outlook on equity markets despite some concerns over valuations.
Persons: Mette Frederiksen, Clinton's, Hillary Clinton, Donald Trump, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Dow, Nasdaq, Sony, PlayStation, Clinton's Trump, U.S, NATO, Munich Security Conference Locations: New York City, U.S, Ukraine, Russia
Mette Frederiksen, Denmark's prime minister, speaks on day two of the Munich Security Conference in Munich, Germany, on Saturday, Feb. 17, 2024. Danish Prime Minister Mette Frederiksen criticized a waning sense of urgency among delegates at the Munich Security Conference on Saturday as Moscow's full-scale offensive nearly enters its third year. "The sense of urgency is simply not clear enough in our discussions," Frederiksen told a lunchtime session. Denmark has now donated its entire artillery to Ukraine, Frederiksen said, urging other countries to do the same as the war marks its second anniversary on Feb. 24. The policymakers were speaking at the 7th Munich Ukrainian Lunch, hosted on the sidelines of the MSC by the Yalta European Strategy (YES) forum and Ukrainian non-profit the Victor Pinchuk Foundation.
Persons: Mette Frederiksen, Denmark's, Frederiksen, Putin, Radosław Sikorski, Victor Pinchuk, Tobias Billström, Bakhmut, Nikolay Denkov, Denkov, Genya Savilov, Hillary Clinton, , Niall Ferguson, Clinton, Petr Pavel, Kaja Kallas, Alexander De Croo, Bulgaria Nikolay Denkov Organizations: Munich, Bloomberg, Getty, Kyiv, MSC, Yalta European Strategy, Victor, Victor Pinchuk Foundation, Sweden's, Moscow, 47th Mechanized Brigade, Bradley, Afp, Former, U.S, CNBC Locations: Munich, Germany, MUNICH, Ukraine, Danish, Denmark, Poland, Ukrainian, Avdiivka, Moscow, Russia, Europe, U.S, Donetsk, Western, Czech Republic, Republic of Estonia, Belgium, Bulgaria
US Secretary of State Antony Blinken (L) and Chinese Foreign Minister Wang Yi meet at the 60th Munich Security Conference on Feb. 16, 2024. Washington should lift sanctions on Chinese companies and individuals, and that attempts to de-couple from China would only hurt the United States, China's Foreign Minister Wang Yi told U.S. Secretary of State Antony Blinken. The United States should lift the sanctions and not harm China's legitimate development rights, Wang told Blinken on Friday on the sidelines of a Munich security conference, according to a statement from China's foreign ministry. Washington has imposed sanctions on various Chinese companies that it accuses of working with China's military despite denials from the firms. The United States does, however, maintain unofficial relations with the democratically governed island and remains its most important backer and arms supplier.
Persons: Antony Blinken, Wang Yi, Wang, Blinken, Biden, Joe Biden, Xi Jinping Organizations: Foreign, China's, U.S, Economic Cooperation, Treasury Locations: Munich, Washington, China, United States, Xinjiang, U.S, de, Ukraine, Taiwan, Asia, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany has been benefitting from a 'peace dividend' for years, defense minister saysDuring a panel at the Munich Security Conference, Germany's Defense Minister Boris Pistorius reviews the conditions that have led to needing to raise the country's military spending at this time.
Persons: Boris Pistorius Organizations: Germany, Munich Security, Germany's
Denmark is sending all of its artillery to Ukraine, the Danish prime minister has said. Mette Frederiksen made the announcement while speaking at the Munich Security Conference. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDenmark is sending its "entire artillery" to Ukraine, the Danish prime minister has said. Speaking at the Munich Security Conference, Mette Frederiksen appealed to other European nations to do more to help Ukraine in its fight against Russian President Vladimir Putin's invading forces.
Persons: Mette Frederiksen, , Vladimir Putin's Organizations: Munich Security, Service, Russian, Artillery, Business Locations: Denmark, Ukraine, Danish
As the leaders of the West gathered in Munich over the past three days, President Vladimir V. Putin had a message for them: Nothing they’ve done so far — sanctions, condemnation, attempted containment — would alter his intentions to disrupt the current world order. Aleksei Navalny’s suspicious death in a remote Arctic prison made ever clearer that Mr. Putin will tolerate no dissent as elections approach. And the American discovery, disclosed in recent days, that Mr. Putin may be planning to place a nuclear weapon in space — a bomb designed to wipe out the connective tissue of global communications if Mr. Putin is pushed too far — was a potent reminder of his capacity to strike back at his adversaries with the asymmetric weapons that remain a key source of his power. In Munich, the mood was both anxious and unmoored, as leaders faced confrontations they had not anticipated. Warnings about Mr. Putin’s possible next moves were mixed with Europe’s growing worries that it could soon be abandoned by the United States, the one power that has been at the core of its defense strategy for 75 years.
Persons: Vladimir V, Putin, Aleksei Navalny’s, Mr, Putin’s Locations: Munich, Russia, Ukraine, Avdiivka, United States
Munich, Germany CNN —Hamas’s demands for a hostage deal are “delusional” and need to be “close to reality,” Israel’s Coordinator for the Captives and the Missing, Gal Hirsch, told CNN Saturday. But Hamas’s demands are disconnected from reality - delusional,” the former Israel Defense Forces commander said in an interview with CNN’s Alex Marquardt at the Munich Security Conference in Germany. He suggested that, though Israel and Hamas had previously agreed on a deal to supply medication to Israeli hostages, the hostages did not receive this medication. Hamas will be dismantled, but we would like very much to make a deal and to bring our hostages back home. “They wanted very much to break the potential deal just as they did in the previous one,” he suggested.
Persons: Germany CNN —, , Gal Hirsch, CNN’s Alex Marquardt, counteroffer, Benjamin Netanyahu, Netanyahu, Hirsch, ” Hirsch, Khan Younis, , Martin Meissner, Marquardt, Deir al Balah Organizations: Germany CNN, CNN, Israel Defense Forces, Munich, Israeli, Minister’s, Hamas, Nasser, IDF, UN Locations: Munich, Germany, Gaza, Israel, Israel’s, Khan, The Hague, Netherlands, Rafah, Deir al
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpending 2% on defense 'can only be the start of it,' says Germany's Boris PistoriusSpeaking on a panel hosted by CNBC's Silvia Amaro at the Munich Security Conference, German Defense Minister Boris Pistorius discussed NATO's 2% investment target and geopolitical risks around the world.
Persons: Boris Pistorius, CNBC's Silvia Amaro Organizations: Munich Security Conference, German
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore's defense minister says trade is necessary for peace — and 'China is not Russia'Speaking at the Munich Security Conference, Ng Eng Hen, Singapore's minister for defence, tells CNBC's Silvia Amaro on a panel that trade is crucial when talking about the prevention of conflict.
Persons: , Ng Eng, CNBC's Silvia Amaro Organizations: Munich Security Locations: China, Russia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNATO head says the U.S. won't withdraw from alliance: It makes them 'stronger'Speaking at the Munich Security Conference, Jens Stoltenberg, secretary general of NATO, tells CNBC's Silvia Amaro that regardless of the outcome of the U.S. election, he expects the country to remain a "staunch" ally of the allaince.
Persons: Jens Stoltenberg, CNBC's Silvia Amaro Organizations: NATO, Munich Security Locations: U.S
Anti-Kremlin activist Bill Browder said he believes Alexei Navalny's death was intended as a message to political opponents of Russian President Vladimir Putin ahead of elections next month. Dissident Navalny, who died Friday, had been serving a 19-year prison sentence on charges of extremism in Russia, which he vehemently denied. World leaders reacted with dismay and suspicion to the death, with U.S. President Joe Biden saying "Putin is responsible." Russia's Foreign Ministry on Friday said the West's reaction to Navalny's death was "self-exposing," given that no forensic medical examination had been made available at the time. Browder, the CEO and co-founder of Hermitage Capital Management and a friend of Navalny, also accused the Russian leader of being behind the death.
Persons: Bill Browder, Alexei Navalny's, Vladimir Putin, Navalny, Joe Biden, Putin, Browder, Alexei Navalny, CNBC's Silvia Amaro Saturday Organizations: Kremlin, U.S, Hermitage Capital Management, Munich Security Conference Locations: Russia
In December, US officials estimated that the Russian military has suffered more than 13,000 casualties along the Avdiivka-Novopavlivka axis in just a few weeks. The Ukrainian military acknowledged in December that the concentration of Russian forces would ultimately prevail. And ISW warns that “Ukrainian forces may have to stabilize the frontline by counter-attacking in the area where Russian forces are trying to close the encirclement of Ukrainian forces in Avdiivka in order to conduct an orderly withdrawal.”Much of Avdiivka now lies in ruins. Radio Free Europe/Radio Liberty/Serhii Nuzhnenko via ReutersThere are already indications that not all Ukrainian units were able to escape an ever-tightening noose. The Ukrainians are adapting swiftly to a new stance of active defense that will continue to bleed Russian forces.
Persons: General Valery Zaluzhnyi, Maksym Zhoryn, Ukraine’s, Oleksandr Syrskyi, Nuzhnenko, Oleksandr Tarnavskyi, Zhorin, laud, Bakhmut, Volodymr Zelensky, ” Zelensky, Avdiivka Organizations: CNN, Kyiv, Ukrainian Armed Forces, Ukraine’s 3rd Assault Brigade, Institute for, Radio Free, Radio Liberty, Reuters, Russian Defense, Munich Locations: Avdiivka, Donetsk, Radio Free Europe, Kharkiv, Mariinka, Russia, Europe
LONDON (Reuters) - The wife of Alexei Navalny, Yulia Navalnaya, needs to keep her husband's voice alive, the widow of Alexander Litvinenko said on Saturday following the death of the prominent Kremlin critic. Photos You Should See View All 33 ImagesLitvinenko said she was shocked by the news of Navalny's death. Many Western leaders expressed outrage over Navalny's death, in what Kremlin spokesman Dmitry Peskov called an unacceptable response. British foreign minister David Cameron said Britain would take action over Navalny's death, although he did not say what such action would entail. "When we see even tiny protest, even tiny reaction to death of Alexei Navalny, I think it's very serious.
Persons: Alexei Navalny, Yulia Navalnaya, Alexander Litvinenko, Vladimir Putin, Putin, Alexei, Marina Litvinenko, Marina Litvinenko's, Litvinenko, Putin's, Dmitry Peskov, David Cameron, Kristian Brunse, Farouq Suleiman, Frances Kerry Organizations: Kremlin, Reuters, KGB, of Human Rights Locations: Munich, Russia, London, Britain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAfrica has its own crises but alignment is not easy, says Tanzania's defense ministerSpeaking at the Munich Security Conference, Tanzania Defense Minister Stergomena Tax discusses issues facing Africa currently, and how they can be addressed.
Organizations: Africa, Munich Security Conference, Tanzania Defense, Stergomena Locations: Africa
"He will pull us out of NATO," Clinton told attendees during a lunchtime session. watch nowU.S. Republican Senator Jim Risch, ranking member of the Senate Committee on Foreign Relations, on Saturday dismissed talk of the U.S. quitting NATO, saying: "We have answered that question." Clinton said, however, that Trump could actually just refuse to fund the alliance. Dutch Prime Minister Mark Rutte earlier Saturday referenced constant "moaning and whining" at the event about the future of NATO under Trump. Indeed, Germany's defense minister said that his country's commitment to spend 2% of GDP on defense should be just the start, noting that the threshold could rise to 3.5% if necessary.
Persons: Donald Trump, Joe Raedle, Hillary Clinton, Clinton, doesn't, Jim Risch, Trump, Europe's, Mark Rutte, Olaf Scholz, Mette Frederiksen, Frederiksen, Jens Stoltenberg, CNBC's Silvia Amaro Organizations: U.S, Getty, NATO, Saturday, White, Munich Security Conference, Trump, Congress, Republican, Foreign Relations, United States Senate, CNBC, U.S . House, Representatives, Dutch, Danish Locations: Lago, West Palm Beach , Florida, MUNICH, Germany, U.S, Russia, Munich, Ukraine, Europe, NATO, United States
Trump sparked fierce criticism from top Western officials for saying that, as U.S. president, he had told an unnamed leader he would not protect countries that failed to meet NATO defence spending targets, and would even encourage Russia to attack them. "Many presidents have been saying for many years that in Europe, we - being a generally wealthy society - should invest more in our own defence," Karins said as he walked between events at the annual Munich Security Conference on Friday. Karins said part of Europe's response should be to continue to spend more on defence - a trend fuelled by Russia's seizure of Crimea in 2014 and full-scale invasion of Ukraine in 2022. Karins said Europe would still need the structures and coordination provided by the U.S.-led North Atlantic Treaty Organization for its forces to operate effectively together, as Europe was not a country with a single army. "We will still need NATO to help coordinate us."
Persons: Andrew Gray MUNICH, Donald Trump's, Krisjanis Karins, Trump, Karins, Andrew Gray, Jan Harvey Organizations: NATO, Latvian, Baltic, Reuters, Security, Treaty Organization Locations: Russia, U.S, Europe, Crimea, Ukraine
By Humeyra PamukMUNICH (Reuters) -There is "an extraordinary opportunity" in the coming months for Israel to normalise ties with its Arab neighbors, U.S. Secretary of State Antony Blinken said on Saturday, while also emphasizing the need for the creation of a Palestinian state. The top U.S. diplomat said there were genuine efforts led by Arab countries to revitalize the Palestinian Authority so it can be more effecting in representing the Palestinians. "And there's also, I think the imperative, that's more urgent than ever, to proceed to a Palestinian state that also ensures the security of Israel," he added. Photos You Should See View All 33 ImagesThe Biden administration has been working to secure a mega-deal that will see ties between Saudi Arabia and Israel normalize. The Kingdom and other Arab countries are seeking the creation of a Palestinian state as part of the deal.
Persons: Humeyra Pamuk, Antony Blinken, Blinken, Biden, Jan Harvey Organizations: Palestinian Authority, Security, West Bank Locations: Humeyra Pamuk MUNICH, Israel, Palestinian, Gaza, Saudi Arabia, Kingdom, Washington
watch nowGermany's defense minister said on Saturday that his country's commitment to spend 2% of GDP on defense was just the starting point and that more would likely be needed. Earlier in the day, German Chancellor Olaf Scholz insisted that the 2% spending target would be met "in the 2020s, in the 2030s and beyond." However, Boris Pistorius, Germany's federal minister of defense, stressed that spending 2% was always designed to be a minimum. This year, 18 of 31 NATO members are expected to reach the target — up from just three in 2014. Pistorius cited growing geopolitical tensions around the world, including in Europe, the Indo-Pacific and Africa, as the reason he expects defense spending to increase.
Persons: Olaf Scholz, Boris Pistorius, Pistorius, Donald Trump, Julia Nikhinson Organizations: CNBC, Munich Security, Afp, Getty, NATO Locations: Conway , South Carolina, Russia, Europe, Pacific, Africa
BERLIN (Reuters) - U.S. Vice President Kamala Harris said that U.S. President Joe Biden's administration stood ready to support Ukraine in its war with Russia for "as long as it takes" and would push for Russia to pay damages to Ukraine following the end of the war. "We will continue in our efforts to secure a just and lasting peace. We will work to make sure Russia pays damages to Ukraine," she said at a joint news conference with Ukraine's President Volodymyr Zelenskiy at the annual Munich Security Conference on Saturday. "President Biden and I will continue to work to secure the resources and weapons you need to succeed," she said. The Latest Photos From Ukraine View All 91 ImagesPhotos You Should See View All 33 Images(Reporting by Sarah Marsh; Writing by Maria Sheahan)
Persons: Kamala Harris, Joe Biden's, Volodymyr Zelenskiy, Biden, Sarah Marsh, Maria Sheahan Organizations: BERLIN, Security, Washington, Ukraine, U.S . Congress Locations: Ukraine, Russia
(Reuters) - Ukrainian Foreign Minister Dmytro Kuleba said on Saturday he had discussed the prospects for peace in Kyiv's nearly two-year-old war against Russia with his Chinese counterpart, part of a long-running bid to bolster relations with Beijing. "I met with my Chinese counterpart Wang Yi to discuss bilateral relations, trade, and the need to restore a just and lasting peace in Ukraine," Kuleba wrote on X, formerly Twitter, of their talks at the Munich Security Conference. Kuleba said he had discussed Ukraine's plans to hold a global peace summit which Switzerland has agreed to help stage. The two men, he said, "agreed on the need to maintain Ukraine-China contacts at all levels and continue our dialogue". China has attended at least one of the preparatory meetings that have taken place in anticipation of such a summit.
Persons: Dmytro Kuleba, Wang Yi, Kuleba, Ron Popeski, Alistair Bell Organizations: Reuters, Ukrainian, Twitter, Munich Security, China, Russia Locations: Kyiv's, Russia, Beijing, Ukraine, Switzerland, China, Moscow, Africa, Soviet
A photo of Alexei Navalny and candles are seen in front of the Russian consulate in Krakow, Poland on February 16, 2024. A spokesperson for Putin dissident Alexei Navalny confirmed his death on Saturday, after Russian media reported his demise on Friday, citing the prison service of the Yamalo-Nenets region where he was imprisoned. On Friday, the IC had said on Telegram that it is organizing a procedural check into Navalny's demise, in a Google-translated post. "We demand that Alexey Navalny's body be handed over to his family immediately," Yarmysh said Saturday. Navalny's demise and Moscow's ongoing full-fledged invasion of Ukraine, soon to observe its second year later this month, have dominated conversations at the Munich Security Conference this weekend.
Persons: Alexei Navalny, Kira Yarmysh, Yarmysh, Alexey Navalny's, Navalny, Vladimir Putin, Putin's, Putin, Volodymyr Zelenskyy Organizations: Russia, Munich Security, MSC Locations: Russian, Krakow, Poland, Salekhard, Russia, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. quit NATO? 'That is never going to happen,' says Republican Senator Jim RischIdaho Republican Senator Jim Risch, ranking member of the Senate Committee on Foreign Relations, told CNBC at the Munich Security Conference that the U.S. won't quit the NATO alliance, but urged members to meet the 2% spending target.
Persons: Jim Risch, won't Organizations: U.S, NATO, Jim Risch Idaho Republican, Foreign Relations, CNBC, Munich Security Conference Locations: Jim Risch Idaho, U.S
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