French bank BNP Paribas halts financial transactions in Russia
23 March 2022 | 5:02 am
The French bank BNP Paribas has told its customers it will no longer process transactions in Russia after the end of March, as it halts all new projects in the country. BNP's Russian business is relatively small - with €1.3 billion of exposure to the market - but the move is symbolic as other lenders consider their position in the country. Also today, we hear from the Ukrainian farmers who are continuing to work the land amid fears for food production due to the war.
The growing exodus of Western firms has upset Russian consumers, while authorities are weighing up the possibility of temporarily taking over firms with large shares of foreign ownership. We take a closer look. Also, the IMF warns that rising commodity prices due to the war in Ukraine could hurt developing nations in particular, and investors grapple with market volatility.
Russia has this week widened its military offensive in Ukraine. For the first time, Russian forces have now begun striking targets in the west of the country. But as well as bombarding new cities Russia has continued its bombardment of Mariupol in the South and Sumy as well as Kharkiv to the east. Satellite images of the long-awaited Russian convoy suggest that it is now attempting to encircle the capital, Kyiv.
Oil and gas companies that had once cozied up to Russian President Vladimir Putin are now turning their backs on the autocrat. Countries dependent on the energy sources are scrambling to find alternatives.
Russia's military struggling – DW speaks to security analyst
Russia this week widened its military offensive in Ukraine. For the first time, Russian forces have begun striking targets in the west of the country. But in addition to bombarding new cities, Russia is continuing its bombardment of Mariupol in the south, as well as Sumy and Kharkiv to the northeast. Satellite images of the long-awaited Russian convoy suggest that it is attempting to encircle the capital, Kyiv.
As concerns grow over Russia's ability to meet its debt obligations, IMF chief Kristalina Georgieva says a default is no longer seen as "improbable". Also, lockdowns in China send shares in Hong Kong plummeting, and the French economy adjusts to higher fuel prices.
The IMF has issued a warning that the world's food supplies are in peril. Russian's invasion of Ukraine is not the sole factor driving global food insecurity, but it is significant.
Russian prosecutors have asked a court to sentence opposition leader Alexei Navalny to 13 years in prison on fraud and contempt of court charges. The request also called for him to be held under stricter conditions.
We examine the role played by Western allies in the Ukraine conflict. We're asking: what will NATO do next? There was more destruction in and around Kyiv this Tuesday. So what will NATO do? It is a question many observers are asking. Most importantly, it is the only question people in Ukraine want answered.
The invasion of Ukraine by Russian forces has unleashed a wide range of responses from leaders of countries across Asia.
Russia says it has begun the procedure to formally leave the Council of Europe. The Foreign Ministry made the announcement following a historic wave of sanctions after Russia invaded Ukraine.
How far is China willing to go to support Russia amid its war in Ukraine? Washington has warned there will be consequences if Beijing offers financial assistance or military support to Moscow. Vladimir Putin and Xi Jinping may have pledged a no limits relationship, but there is a cost to standing up together to their joint rival: America. Regardless, the war provides China with a case study of Western resolve, and an opportunity to learn from Russia's mistakes.
3 hours ago
An Alabama ban on the provision of gender-affirming medication for minors has been blocked by a federal judge. Transgender rights have become a bone of contention for right-wing Republicans.
4 hours ago
The war in Ukraine is having a drastic impact on Africa. Prices for wheat, gas and gasoline are at record highs. Crisis regions could see things get worse than they already are.
4 hours ago
The Ukrainian resistance in Irpin played a key role in holding off the Russian advance on the capital Kyiv during the first few weeks of the war. But the middle-class commuter town paid a heavy price. More than 300 civilians were killed and tens of thousands fled. Now, more than a month after the Russian withdrawal, residents are beginning to return to try to rebuild their lives. Reconstruction is slowly getting under way, but an estimated €800 million is needed to build new homes. FRANCE 24's Nadia Massih, Bastien Renouil and Raïd Abu Zaideh report from Irpin.
6 hours ago
Known as the burial place of Achilles, the barren Black Sea rock has become the site of fierce combat between Ukraine and Russia. Snake Island has strategic and symbolic importance dating to the Soviet era.
6 hours ago
Mali's military junta has announced it will be exiting a multi-national military force tackling an insurgency in West Africa's Sahel region.
6 hours ago
People in Germany consume an average eleven kilos of chocolate each per year. But few think about the conditions under which cocoa beans are farmed. Child labor has been a problem for decades. But why? And what can be done about it?