Index Investing News
Thursday, May 22, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

EU prepares subsequent Russia sanctions together with German-backed oil ban By Reuters

by Index Investing News
May 3, 2022
in Financial
Reading Time: 4 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


2/2

© Reuters. Azovstal metal plant worker Valeria, final identify withheld, evacuated from Mariupol, hugs her son Matvey, who had earlier left town together with his family, as they meet at a short lived lodging centre throughout Ukraine-Russia battle within the village of Be

2/2

By Tom Balmforth and Oleksandr Kozhukhar

KYIV/LVIV (Reuters) -The European Union was getting ready sanctions on Russian oil gross sales over its invasion of Ukraine after a serious shift on Monday by Germany, Russia’s greatest vitality buyer, that might deprive Moscow of a big income stream inside days.

The European Fee is predicted to suggest a sixth bundle of EU sanctions this week towards Russia over its Feb. 24 invasion of Ukraine, together with a doable embargo on shopping for Russian oil.

Kyiv says Russia’s vitality exports to Europe, to this point largely exempt from worldwide sanctions, are funding the Kremlin battle effort with tens of millions of euros on daily basis.

“This bundle ought to embody clear steps to dam Russia’s revenues from vitality assets,” Ukrainian President Volodymyr Zelenskiy stated in his nightly video deal with.

Germany stated on Monday it was ready to again a direct EU embargo on Russian oil.

“We’ve got managed to succeed in a scenario the place Germany is ready to bear an oil embargo,” German Financial system Minister Robert Habeck stated.

Chancellor Olaf Scholz, who has been extra cautious than different Western leaders in backing Ukraine, has been beneath rising strain to take a firmer line.

Scholz vowed sanctions is not going to be lifted till Russian President Vladimir Putin indicators a peace take care of Ukraine that Kyiv can assist, he stated in an interview with ZDF public tv.

Weaning Europe off Russian oil is prone to be simpler than decreasing dependence on Russian . Moscow has demanded European clients pay for fuel in roubles, which the EU rejects. Final week, Moscow reduce off provides to Poland and Bulgaria.

EU ministers assembly on Monday warned that complying in full with Moscow’s demand for fuel funds in roubles would breach current EU sanctions.

Ambassadors from EU international locations will focus on the proposed oil sanctions once they meet on Wednesday.

EVACUATION FROM MARIUPOL

The primary civilians to be evacuated from a large metal plant in Mariupol arrived on Monday within the Ukrainian-held metropolis of Zaporizhzhia after an in a single day bus journey throughout the front-line.

Ukraine says tons of of civilians have been trapped contained in the Azovstal plant together with town’s final Ukrainian defenders. Dozens have been in a position to depart on Sunday in an evacuationorganised by the United Nations, the primary to flee since Putinordered the plant barricaded final week.

Captain Sviatoslav Palamar, 39, a deputy commander of Ukraine’s Azov Regiment, instructed Reuters from contained in the plant that fighters might hear voices of girls, youngsters and aged individuals trapped beneath floor, and lacked the gear to dig them out.

“We have been planning to tear up the bunkers, the doorway to which is blocked, however all night time into Monday naval artillery and barrel artillery have been firing. All day at present aviation has been working, dropping bombs,” Palamar stated by Zoom.

Efforts to organise the evacuation of civilians from different elements of town, now held by the Russians, bumped into delays. Ukraine says 100,000 individuals are nonetheless within the ruined metropolis, enduring determined circumstances after months of Russian siege.

“Our home is totally destroyed. We had a two-story constructing, it is not there anymore. It burned to the bottom,” stated Natalya Tsyntomirska, a Mariupol native who reached Zaporizhzhia on Monday in a funeral service van.

Zelenskiy stated the evacuation effort was persevering with and he anticipated extra motion of individuals by way of humanitarian corridors on Tuesday from Berdyansk, Tokmak and Vasylivka.

For its half, Kyiv hopes an enormous inflow of Western navy assist will permit it to repel that assault after which flip the tide with a counter-attack.

Russian forces shelled town of Kharkiv 5 occasions on Monday, injuring 5 individuals, in accordance with regional governor Oleh Sinehubov. Additional south, Izyum remained a battleground, with a lot of the homes within the metropolis destroyed, he stated.

After being compelled to desert an assault on Kyiv on the finish of March, Russia launched a serious offensive in jap Ukraine centered on the Donetsk and Luhansk provinces, elements of which have been already held by Russian-backed separatists earlier than the invasion. Russian troops are actually making an attempt to encircle a big Ukrainian pressure there, attacking from three instructions with huge bombardment alongside the entrance.

Ukraine’s navy stated on Monday Russian forces have been making an attempt to take over the frontline Luhansk province city of Rubizhne and put together an assault on close by Sievierodonetsk.

The heaviest clashes have been going down round Popasna, farther south. Shelling was so intense it was not doable to gather our bodies, stated regional Governor Serhiy Gaidai.

​”I do not even wish to talk about what’s occurring with the individuals residing in Popasna, Rubizhne and Novotoshkivske proper now. These cities merely do not exist anymore. They’ve utterly destroyed them.”

Russia has additionally been putting targets removed from the entrance line with missiles. A 14-year-old boy was killed and a 17-year-old lady was wounded in a missile strike within the southern port of Odesa when a missile hit a dormitory, Zelenskiy stated.



Source link

Tags: BanGermanbackedIncludingOilpreparesReutersRussiasanctions
ShareTweetShareShare
Previous Post

Inventory futures are decrease after massive market reversal to start out Could

Next Post

Inside Iron Hill Brewery's 'fairly aggressive development plan' with CEO Chris Westcott

Related Posts

At Google I/O, Gemini Diffusion’s velocity and coding expertise trace on the subsequent section of the AI mannequin wars

At Google I/O, Gemini Diffusion’s velocity and coding expertise trace on the subsequent section of the AI mannequin wars

by Index Investing News
May 21, 2025
0

© 2025 Fortune Media IP Restricted. All Rights Reserved. Use of this web site constitutes acceptance of our Phrases of...

Evogene Ltd. (EVGN) Q1 2025 Earnings Name Transcript

Evogene Ltd. (EVGN) Q1 2025 Earnings Name Transcript

by Index Investing News
May 21, 2025
0

Evogene Ltd. (NASDAQ:EVGN) Q1 2025 Earnings Convention Name Might 21, 2025 9:00 AM ET Firm Contributors Ofer Haviv - President...

RVNL This autumn FY25 Outcomes: PAT down 4% at Rs 459 crore; 17% dividend declared

RVNL This autumn FY25 Outcomes: PAT down 4% at Rs 459 crore; 17% dividend declared

by Index Investing News
May 21, 2025
0

RVNL This autumn FY25 Outcomes: Rail Vikas Nigam Ltd (RVNL), a Navratna public sector enterprise, on Wednesday reported a consolidated...

Nifty, Sensex Snap Three-Day Dropping Streak; Defence Shares Outperform

Nifty, Sensex Snap Three-Day Dropping Streak; Defence Shares Outperform

by Index Investing News
May 21, 2025
0

The benchmark fairness indices closed larger, breaking a 3 session shedding streak on Wednesday, amid volatility within the home inventory...

Pure gasoline: Set to renew the autumn

Pure gasoline: Set to renew the autumn

by Index Investing News
May 21, 2025
0

(file picture) | Photograph Credit score: ANGUS MORDANT Pure gasoline futures noticed a pointy rally on Tuesday — it was...

Next Post
Inside Iron Hill Brewery's 'fairly aggressive development plan' with CEO Chris Westcott

Inside Iron Hill Brewery's 'fairly aggressive development plan' with CEO Chris Westcott

Partisan Combat Breaks Out Over New Disinformation Board

Partisan Combat Breaks Out Over New Disinformation Board

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Trump New York fraud trial continues as former president leaves

Trump New York fraud trial continues as former president leaves

October 5, 2023
4 Best eVTOL Stocks To Invest in the Future of Transportation

4 Best eVTOL Stocks To Invest in the Future of Transportation

August 31, 2022
Europe Droughts Reveal Starvation Stones: Pictures

Europe Droughts Reveal Starvation Stones: Pictures

August 22, 2022
Brookfield Renewable Partners Weakness Doesn’t Tell The Entire Story (NYSE:BEP)

Brookfield Renewable Partners Weakness Doesn’t Tell The Entire Story (NYSE:BEP)

October 18, 2023
Neymar unsure if he’ll play for Brazil at another World Cup | Qatar World Cup 2022 News

Neymar unsure if he’ll play for Brazil at another World Cup | Qatar World Cup 2022 News

December 10, 2022
2:00PM Water Cooler 3/28/2022 | bare capitalism

2:00PM Water Cooler 3/28/2022 | bare capitalism

March 29, 2022
African Union warns of ‘collateral impression’ as EU’s Russia sanctions hit meals provides

African Union warns of ‘collateral impression’ as EU’s Russia sanctions hit meals provides

May 31, 2022
Is currency forced into circulation?

Is currency forced into circulation?

October 30, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In