High fertilizer costs threaten farmers amid sanctions on Russia
19 March 2022 | 6:02 pm
The war in Ukraine is shaking up the global agricultural sector. With sanctions blocking supplies from Russia, soaring prices caused by high demand for fertilizers from alternative producers are threatening crops.
Ukraine's Foreign Minister Dmytro Kuleba has said that the success of negotiations depends on Russia approaching them with good faith without dictating ultimatums. He spoke with France 24's Marc Perelman about the situation in the cities of Mariupol and Odessa, the negotiations that will take place on Monday and what Ukraine expects from Europe.
Russia's Deputy Prime Minister Alexander Novak has said Moscow could cut off the flow of natural gas through the Nord Stream 1 pipeline, which links the country to Germany, in retaliation for sanctions imposed on its economy over the invasion of Ukraine. This latest threat comes as the United States is considering banning purchases of Russian oil. Novak warned that such a move could push prices as high as $300 a barrel. In early trading on Tuesday, the international benchmark Brent crude was trading at around $125.
Despite progress in the negotiations to restore the 2015 Iran nuclear deal, the accord's future is at stake after a last-minute Russian demand for an exemption from Western sanctions.
Ukraine has accused Russia of bombing a children’s hospital and maternity ward in the besieged port city of Mariupol, wounding 17 people and trapping children and others under the rubble in what it called “a war crime without justification”.
On Monday, February 21, 2022, Russia's highest body, the Russian Federation Council unanimously authorised President Vladimir Putin to use military force outside the Russian borders. Days later, President Vladimir Putin launched a large-scale invasion of Ukraine by announcing a ‘special military operation’ in eastern Ukraine as missiles began to rain on hundred of locations across Ukraine, including the capital, Kyiv. GuardianTV went to town to ask Nigerians their thoughts on the Russian invasion.
International companies are closing up shop in Russia in droves. For some, the decision to leave such a large market isn't an easy one.
While Western leaders hope China will play a more active role in mediating between Russia and Ukraine, experts say it's unlikely that Beijing will jeopardize its warming ties with Moscow.
It's sunny and politically stable, there is little financial transparency, and it's easy enough to invest in a business or property and get a residency visa in return.
The British dailies welcome the sanctions slapped on Russian oligarchs, including Chelsea FC's owner Roman Abramovich, as the government tries to punish Vladimir Putin's allies abroad. Also, we look at how Russia is oiling its propaganda machine during the war – but in this digital age of social media, will it work? Finally, we look at some of the Russians who are vehemently opposed 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.
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