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☆ Europeans Are Capable of Defending Themselves Against Russia - The New York Times
▼ + stars: | 2023-07-14 | by ( Rajan Menon | ) www.nytimes.com time to read: +3 min

The contention that the wealthy, technologically advanced European nations cannot join forces to acquire enough military power to deter or defeat Russia strains credulity. But Russia has been unable to transform its massive advantage in troops and arms into anything resembling victory. Compare Europe and Russia on any metric typically used for gauging power, and Europe proves vastly superior. That means the European Union, even without Britain, has an economy more than seven times as large as Russia’s. The mixed record of some top-shelf Russian equipment used in Ukraine’s battlefields bears this out.

Persons: —, Russia’s Organizations: Kyiv School of Economics, United Nations, Press, NATO, Ukrainian Army, European Union Locations: Russia, Finland, Sweden, United States, Europe, Ukraine, Ukrainian, Kyiv, European, Japan, South Korea

☆ Heineken, Unilever and Oreo maker Mondelez accused of breaking promises to leave Russia
▼ + stars: | 2023-07-10 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

It’s shameful and unethical.”Sonnenfeld, who has testified before Congress about companies leaving Russia, is not accusing these corporations of breaking the law. ‘Implied endorsement of the Putin regime’The “poster child” for this problem is the popular Dutch brewing giant Heineken, Sonnenfeld said. In March 2022, just one month after the invasion of Ukraine, Heineken won praise for promising to leave Russia. “We expect a significant financial loss to the Heineken company. The Yale research said Mondelez shows “no tangible signs of progress towards exiting” and continues to do business in Russia.

Persons: Vladimir Putin, Jeff Sonnenfeld, Philip Morris, ” Sonnenfeld, “, ”, ‘, Putin, Sonnenfeld, Steven Tian, ExxonMobil –, ” Heineken, ” Mondelez, Mondelez, That’s, Lipton, Mark Dixon, Nestle, Kit Kat, Purina, Sbarro, Carl’s Jr, Carl’s, Yale, Tim Calkins, Calkins Organizations: New York CNN Business, Yale, Heineken, Unilever, CNN, ”, Institute . Yale, BP, ExxonMobil, Nabisco, Kyiv School of Economics, Agency, Nestle, WeWork, Mondelez, McDonald’s, Starbucks, Restaurants Holdings, CKE, Northwestern University’s Kellogg School of Management Locations: Russia, Ukraine, Moscow, Russian, ”, American, South Africa

☆ Tens of thousands at risk after dam destruction, says former Ukrainian minister
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTens of thousands at risk after dam destruction, says former Ukrainian ministerTymofiy Mylovanov, president of the Kyiv School of Economics and former Ukrainian minister of economic development, trade and agriculture, discusses the destruction of a strategically important dam in Russian-occupied southern Ukraine.

Persons: Tymofiy Mylovanov Organizations: Kyiv School of Economics Locations: Ukrainian, Russian, Ukraine

☆ Ukraine rebuilding would be small wager for Europe
▼ + stars: | 2023-05-16 | by ( Pierre Briancon | ) www.reuters.com time to read: +6 min

The irony is that effort had started when Russian President Vladimir Putin annexed Crimea in 2014, thus ensuring that Ukraine would firmly aspire to belong to Europe. The war inflicted severe damage on Ukraine, with GDP down 30% last year according to the International Monetary Fund. Rebuilding Ukraine will require help, expertise and guidance – and a lot of time and money. And the United States, Japan and multilateral organisations such as the IMF will continue to flank Europe in its efforts to rebuild Ukraine. Nevertheless, it is in Europe’s interest to play a major part in Ukraine’s reconstruction before the country is accepted as a formal candidate member of the EU.

☆ Rebuilding Ukraine depends on luring private money
▼ + stars: | 2023-05-10 | by ( Pierre Briancon | ) www.reuters.com time to read: +7 min

KYIV, May 10 (Reuters Breakingviews) - Oleksandr Gryban is already thinking of the moment when Ukraine can build again. But the real challenge is to convince sceptical private investors both at home and abroad that Ukraine is a good destination for their cash. Investors can take solace that the team tasked with rebuilding Ukraine has proven competent and resourceful. There is a bull case for private investment in Ukraine. The other factor that might lure private capital involves Ukraine helping itself, by completing reforms initiated in the last few years.

☆ Russian Attack on Ukraine Kills at Least 12 People: Live Updates
▼ + stars: | 2023-04-28 | by ( Marc Santora | Victoria Kim | ) www.nytimes.com time to read: +5 min

Evidence is piling up about the steady disintegration of Russia’s vital natural gas export industry since the country’s invasion of Ukraine. With this success behind them, European leaders are contemplating widening their attack to include imports of liquefied natural gas from Russia. Russian L.N.G. energy commissioner, has urged members of the bloc and European energy companies to stop buying Russian L.N.G. On the other hand, having largely gone cold turkey on Russian pipeline gas, European leaders may calculate that “going without Russian L.N.G.

☆ Russian oil sanctions appear to be working - crude still flows even as Moscow's pulling in less money. But there's more to it than that.
▼ + stars: | 2023-04-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

I spent much of yesterday parsing through pages of data on where Russian oil is heading and how much buyers are paying for barrels. Today we're unpacking two less obvious observations about Russian oil. That said, researchers pointed out that most of the Western companies still facilitating Russian oil shipments don't actually abide by the $60-a-barrel price cap that the EU and G-7 imposed. Ships carrying Russian oil, according to Argus, indeed make a premium for doing what they do, but that premium has shrunk over the last month. In effect, the "sanctions premium" isn't what it was a month ago.

☆ Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations
▼ + stars: | 2023-04-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The Kyiv School of Economics found that the West's price caps have hit Russia's oil export revenue. In December, the G-7 and EU imposed a price cap of $60 a barrel on Russian crude, and in February they imposed additional price caps on a range of refined Russian fuels. To be sure, moderating global oil prices over recent months also contributed to lower export prices for Russia. In their view, that means price caps should be lowered further to ensure a "continued weakening" of Russian export earnings. The market for Russian crude has been fundamentally transformed since Vladimir Putin ordered the invasion of Ukraine.

☆ Russian oil cargoes earn a premium for carrying sanctioned crude, but weaker markets are squeezing those margins
▼ + stars: | 2023-04-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Tankers carrying Russian oil command a "sanctions premium," but those margins have narrowed, Argus data shows. "Rates are likely to remain under pressure throughout April and into May as chartering is muted and looming OPEC+ cuts keep nibbling at shipowners' confidence." Argus data shared with Insider showed that the sanctions premium for Russian-origin cargoes from the Black Sea to the west coast of India narrowed by 50¢ per barrel month-on-month. Still, he added that the premium could hold for some time longer even in a weakening market, as sanctioned cargoes remain a valuable business. Tracking data from Kpler showed earlier this month that total Russian oil exports have now surpassed pre-war levels.

REUTERS/Lisi NiesnerBILOZERKA, Ukraine, March 1 (Reuters) - When Ukraine recaptured Kherson in November, Andrii Povod returned to find his grain farm in ruins. The institute's Baliuk said the war damage could lead to an alarming loss of fertility. ECHOES OF WORLD WAR ONEA working group of soil scientists created by the Ukrainian government estimates it would cost $15 billion to remove all mines and restore Ukraine's soil to its former health. If studies of damage to land during World War One are anything to go by, some areas will never recover. To be sure, World War One lasted four years, and the war in Ukraine only one year so far, but lead remains a key component of many modern munitions, Rintoul-Hynes said.

☆ Ukraine's economy stabilizes after shock of war
▼ + stars: | 2023-02-27 | by ( Olena Harmash | ) www.reuters.com time to read: +9 min

The economy shrank by a third last year, the largest fall since Ukraine's independence from the Soviet Union in 1991. ArcelorMittal Kryvyi Rih, Ukraine's largest steel mill, said its production was currently at about 25% of pre-war levels amid electricity blackouts. Ukraine's central bank predicts GDP will grow by 0.3% this year, while the economy ministry forecasts 3.2% growth. The agreement saved Ukraine's agriculture, which accounted for about 12% of GDP and some 40% of overall exports before the war. The steel sector, a key pillar of the economy, is among the hardest hit.

☆ A year into the war, Ukraine and the West prepare for the biggest reconstruction since World War II
▼ + stars: | 2023-02-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

People help to clean up debris at a bus station damaged after a shelling, amid Russia's attack on Ukraine, in Kherson, Ukraine February 21, 2023. Lisi Niesner | ReutersOne year since the start of Russia's full-scale invasion, Ukraine's economy and infrastructure are in tatters, with the government and its allies planning the largest rebuilding effort since World War II. The International Monetary Fund estimates that the Ukrainian economy contracted by 30%, a less severe decline than previously projected. IMF Managing Director Kristalina Georgieva visited Ukraine this week, meeting with President Volodymyr Zelenskyy and NBU Governor Andriy Pyshnyy, among others. It is difficult to predict the size of this debt reduction as it depends on the state of the Ukrainian economy at the time the restructuring is agreed," Nasser said.

[1/3] A view of the destroyed village of Moshchun amid Russia's invasion, Kyiv region, Ukraine May 19, 2022. But before they can even begin to be answered, Kyiv is seeking billions just to ride out this year. After a 30% contraction in its economy in 2022, Ukraine will need $38 billion by the end of year to cover its budget deficit alone. "But to me, one of the surprises has been how the private sector has been so resilient." "Supporting Ukraine now is critical to avoid a devastating humanitarian crisis and to strengthen Ukraine for what it's doing for the rest of the world."

☆ Trying to bankrupt Russia could backfire
▼ + stars: | 2023-01-30 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Reuters GraphicsIn the initial aftermath of the invasion, Western allies mostly issued threats to stop buying Russian oil and gas. Russia could push up the global price by carrying out threats to reduce its oil exports. But if the global price rose enough, Russia might still earn similar amounts at lower volumes. But the global gas price would rise, and Russia could direct the liquefied natural gas it currently sells to Europe to other regions. With Kyiv benefiting from military support and the gains from tighter sanctions uncertain, trying to bankrupt Russia is not worth the risk.

Kurpas expressed hope that the school year would run until the summer, but the wider situation is bleak: nearly half of Ukraine's power grid has been wrecked and Kyiv has said it expects further attacks. The official said that about 85% of Kyiv's pre-war school staff remained in the city, compared with 60% of pupils. As a result, schools have been working in hybrid mode both in person and online since the start of the academic year. [1/8] Students attend a lesson of English language in a classroom at a school, amid Russia's attack on Ukraine, in Kyiv, Ukraine December 2, 2022. A small private school in north Kyiv has even established a heated and powered "hub" for parents who want to find refuge from cold, dark homes.

☆ Russia raised a record $13.6 billion in one day as the cost of Vladimir Putin's war with Ukraine keeps mounting
▼ + stars: | 2022-11-19 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Russia raised more than $13 billion in a day as the cost of Putin's war in Ukraine keeps mounting. Britain's Defence Intelligence said it was the largest amount Moscow had raised in a single day. Russia's defence spending for 2023 is estimated to be 40% higher than previously forecast. The true cost of Russia's invasion of Ukraine remains unclear. The government estimated in the summer that it needed $5 billion a month to maintain essential services, and some $750 billion for reconstruction.

☆ Trump's yearslong crusade against Ukraine has finally come home to roost as Republicans call for abandoning Kyiv
▼ + stars: | 2022-10-20 | by ( John Haltiwanger | Sonam Sheth | ) www.businessinsider.com time to read: +10 min

US aid to Ukraine could be in jeopardy if Republicans win the House in the midterms. Several GOP lawmakers and candidates have signaled they would support reducing or cutting off Ukraine aid. In April, 10 House Republicans voted against a bill allowing the Biden administration to more easily lend military equipment to Ukraine. The following month, 57 House Republicans voted "no" on a nearly $40 billion aid package for Ukraine. Some GOP opposition to continuing aid to Ukraine is tied to Trump's "America First" policy vis-a-vis foreign affairs.

☆ Russia’s invasion causes damage across Ukraine
▼ + stars: | 2022-09-27 | by ( Michael Ovaska | ) www.reuters.com time to read: +3 min

Graphics Russia’s invasion causes damage across UkraineRussia's invasion of Ukraine has caused widespread destruction with direct damages of over $97 billion as of June 1 according to a report by the World Bank, the Ukrainian government and the European Commission. Note: As of June 1, 2022 Sources: World Bank, the government of Ukraine and the European CommissionThe report — the first comprehensive damage assessment of the war's impact on Ukraine — provided preliminary figures that will rise as the war continues. Regions like Kyiv and Chernihiv retaken by Ukrainian troops and returned to government control accounted for 22% of damages. Map of Ukraine showing regions of Ukraine and proportional circles for the cost of damage by region. RebuildUA, a project that analyzes the destroyed infrastructure of Ukraine, used drone footage and satellite images to determine 23% of Irpin buildings were damaged.

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