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The Latest Breaking News from Russia

Biden revokes Russia trading status, bans vodka, diamond imports

US removal of Russia as ‘most favoured nation’ done in coordination with NATO allies, G7 and EU.

Al Jazeera

5 Stocks to Buy as Steel Prices Jump

Following China’s production cuts, the Russia-Ukraine war–the two countries that are significant steel producers–has raised concerns over steel supply, pushing prices higher. However, steel manufacturers in other countries should benefit from strong global demand and rising prices. Therefore, we think fundamentally sound steel stocks Nucor (NUE), POSCO (PKX), Tenaris (TS),…

StockNews.com

Vice President Kamala Harris offers support to ally Romania as war escalates in Ukraine

Vice President Kamala Harris met Friday with Romania’s president as she continued her mission to bolster NATO allies as Russia presses ahead with its invasion of neighboring Ukraine.

Tribune News Service

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Oil supertanker from Russian port to dock in Southampton

UK ban covers Russian vessels but Seatribute is registered in Malta and ExxonMobil denies it is carrying Russian oil

The Guardian - UK

Biden, Europe revoke Russia’s trade status, ratcheting up economic pain for Putin

WASHINGTON — President Joe Biden announced Friday that the U.S. will suspend normal trade relations with Russia on Friday as part of the ongoing effort to punish President Vladimir Putin for his unprovoked war in Ukraine.

Los Angeles Times

Trump thought US troops were in Ukraine in 2017, ex-ambassador says in book

Marie Yovanovitch, who was fired by Trump in 2019, reveals details of then president’s Oval Office meeting with Ukrainian counterpart

The Guardian - US

U.N. political chief says need for negotiations to stop war in Ukraine 'could not be more urgent'

The need for negotiations to stop the war in Ukraine "could not be more urgent," U.N. political affairs chief Rosemary DiCarlo told the U.N. Security Council on Friday, urging Russia and Ukraine to build on contacts like the meeting between their foreign ministers in Turkey on Thursday.

Reuters

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Sanctions against Russia are targeting the ‘elite’ — but did that work in Iran?

The wave of sanctions that has followed Russia’s invasion of Ukraine has been described with adjectives such as “massive” and “severe.”

The Conversation

From soaring gas prices to another world war, economic sanctions can lead to dire unintended consequences

Western governments have united to bring in a number of serious economic sanctions against Russia in retaliation for its violence in Ukraine, including the latest announcement that the United States is revoking Russia’s “most favoured nation” status that will impose new trade tariffs. The moves were not a surprise.

The Conversation

Samantha Bee on Putin: ‘All of this suffering can be laid at the manicured feet of one deranged man-baby’

Late-night hosts discuss Ukrainian refugees, Russia’s struggling military, and Kim Kardashian’s controversial advice for women to succeed in business

The Guardian - US

23 Stocks That Have Sold Off Hard Since The Russia-Ukraine War Began

The S&P 500 is having a rough start to 2022, down 11.27% year to date. Since Russia invaded Ukraine on Feb. 24, the S&P 500 has fallen an additional 0.78%. Following are lists of sectors via Fidelity that have done well or poorly, as well as 23 of the most…

Benzinga

How I paid off $200k in debt in 3 years

There’s a life I want to live that doesn’t have me shackled to debt, and I couldn’t keep waiting for someone else to get me there.

Mic

Ukraine says Belarus leader was with Putin at time of 'false-flag attack'

An adviser to Ukraine's president said on Friday Belarusian leader Alexander Lukashenko was meeting Russian President Vladimir Putin in Moscow as Russian jets carried out what Ukraine said was a false-flag attack on Belarusian villages.

Reuters

U.N. agency warns Ukraine war could trigger 20% food price rise

International food and feed prices could rise by up to 20% as a result of the conflict in Ukraine, triggering a jump in global malnourishment, the United Nations food agency said on Friday.

Reuters

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Axios

Biden says U.S. will end normal trade relations with Russia

If the status is revoked, tariffs can be raised on Russian imports in retaliation for the invasion.

Tribune News Service

Two weeks into war, Russia’s economy has rarely fared worse than now

Two weeks into Russia’s invasion of Ukraine, the war has inflicted a domestic toll that’s already comparable to the worst downturns of President Vladimir Putin’s more than two decades in power.

Reuters

Brazil Congress passes bill changing state fuel taxes; governors will try to block it

Brazil's lower house in the early hours of Friday passed a bill changing the calculation of the ICMS state tax levied on fuel, as it aims to curb price hikes after global oil quotes soared following Russia's invasion of Ukraine.

Benzinga

10 More Major US Corporations Still Doing Business In Russia

The flow of U.S. companies exiting Russia has intensified as President Vladimir Putin’s military continues to lay waste to Ukraine.

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Axios

Biden says U.S. will welcome Ukrainian refugees "with open arms"

The UN estimates that so far 2.5 million refugees have fled Ukraine since Russia launched its attack.

The Guardian - UK

West’s weapons are seeing action in Ukraine – but it is unlikely to be enough

Analysis: Lack of heavy guns, tanks or jets leaves Ukrainians fighting uphill battle against Russia

Evening Standard

Third Russian general killed as Ukrainian resistance frustrates Putin’s forces, say Western officials

A third Russian major general has been killed as the Ukrainian resistance continues to frustrate Vladimir Putin's invasion, a western official said on Friday.

Tribune News Service

Which companies aren’t exiting Russia? Big pharma

Even as the war in Ukraine has prompted an exodus of international companies — from fast-food chains and oil producers to luxury retailers — from Russia, U.S. and global drug companies said they would continue manufacturing and selling their products there.

Reuters

Ukraine's Mariupol says 1,582 civilians killed by Russian shelling and blockade

At least 1,582 civilians in Ukraine's southeastern city of Mariupol have been killed as a result of Russian shelling and a 12-day blockade, the city council said in an online statement on Friday.

Evening Standard

Russia gears up for assault on Kyiv

Russian forces are advancing towards Kyiv, as fears rise that Vladimir Putin will unleash an onslaught against the Ukrainian capital within days. Artillery units were reported to be moving into possible firing positions to shell the historic city.

Newsroom.co.nz

What nuclear energy has to do with nuclear war

Nuclear weapons have been branded as 'bad' and nuclear energy as 'good', and it's impacting our abilities to notice the material threats Ukraine is facing, argues Dr Karly Burch.

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