Oil and gas companies distance themselves from Russia
14 March 2022 | 2:33 pm
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.
NATO chief Jens Stoltenberg on Friday decried Russia's "recklessness" over the shelling of a nuclear power plant in Ukraine and demanded Moscow stop the war against its neighbour.
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.
Ukraine has said the humanitarian corridors out of Kyiv, Kharkiv, Mariupol and Sumy that lead to Russia and Belarus are "immoral." Meanwhile, negotiators were expected to meet for talks later. Follow DW for the latest.
Crude oil futures touched 13-year highs on Monday as the US and UK signalled a willingness to include the previously untouched Russian energy sector in sanctions. Meanwhile, more US firms and Chinese social media giant TikTok are suspending Russian operations, and new UK laws to sanction Russian oligarchs could mean big changes for London's luxury real estate market.
The war in Ukraine may be keeping Emmanuel Macron off the campaign trail, but the benefit to the French president has been clear: for the first time, a poll over the weekend saw him getting more than 30 percent of votes in the first round. The conflict has given Macron an opportunity to demonstrate his leadership. Meanwhile, candidates from far-right Marine Le Pen to far-left Jean-Luc Mélenchon have been stuck defending their past sympathies for Vladimir Putin and their calls to withdraw France from NATO. Andrew Smith, a senior lecturer in contemporary history and politics at the University of Chichester, tells us "it’s going to be a strange campaign".
Negotiators are to sit down later on Monday as fighting continues. Previous talks agreed on humanitarian corridors to allow for the evacuation of civilians, but plans have so far collapsed.
Sanctions on Russia won't work unless the world reduces its use of Russian oil and gas. But it's difficult to do this without also increasing prices. Middle Eastern oil producers could help. But do they want to?
Estonian Foreign Minister Eva-Maria Liimets granted an interview to FRANCE 24. Her country is one of the five EU member states that border Russia. Liimets explained why Estonia strongly supports Ukraine’s bid to join the EU. She also warned that "we have to be very cautious" in talks with Russia, adding that "we have to be prepared for long-term instability in Europe" as a result of Russia's invasion of Ukraine.
Quickly cutting off energy revenues with oil and gas embargoes would hit Moscow where it hurts. But European leaders have argued for a phased approach, openly admitting their dependency on Russian energy supplies.
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.
The US will stop importing oil and natural gas from Russia, US President Joe Biden has said as the West escalates sanctions against Moscow over the Ukraine invasion.
As countries open borders to Ukrainians, Britain's policies, which are largely limited to family reunification, seem stingy in comparison. Through Monday, Britain had only issued about 50 visas for displaced Ukrainians.
35 mins ago
A teenager shot dead 19 children at an elementary school in the small city of Uvalde, officials said. US President Joe Biden called for stricter gun laws, asking when "are we going to stand up to the gun lobby?"
41 mins ago
In another tragic US mass shooting echoing the 2012 Sandy Hook killings, an 18-year-old gunman has killed more than 20 people – mostly children – in Uvalde, Texas. We take a look at how papers are reacting to the all-too-common event in the United States, including why many blame Republicans. We finish with an editorial arguing that the United States – its policies and institutions – is its own worst enemy.
52 mins ago
Health officials in Germany, the European Union and elsewhere are looking at the dangers of the continued spread of monkeypox and how to best contain the disease.
52 mins ago
Water sports aren't popular in Niger, due to a lack of facilities. But the Niger River has become the new hot spot for water sports enthusiasts. Be it swimming or dugout races — young people love the competition.
52 mins ago
South Korea's soccer player Son Heung-min returned home to a rousing welcome on Tuesday after the Tottenham Hotspur forward ended the season as the Premier League's joint top scorer with Mohamed Salah.
3 hours ago
Military analysts weigh in on the major takeaways from Russia's now three-month-old war in Ukraine. We also discuss the results of a major probe on sexual abuse in the Southern Baptist Church across the United States. Finally, what does democracy look like among crows? French paper Le Parisien gives us an idea.