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SALES OF LUXURY GOODS BOOM IN RUSSIA AS COUNTRY’S RICH PANIC-BUY JEWELLERY, WATCHES

Fri 04 March 2022: Even as Russia’s economy is collapsing as a result of punishing Western sanctions imposed following Vladimir Putin’s invasion of Ukraine, wealthy Russians are ‘panic buying’ fine jewelry and watches with high resale value. As the value of the rouble continues to decrease, many of Russia’s wealthy have opted to invest in […]

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PENTAGON ESTABLISHED ‘DE-CONFLICTION LINE’ WITH RUSSIAN DEFENSE MINISTRY AMID WAR IN UKRAINE

Fri 04 March 2022: According to Reuters, the Pentagon has created a new hotline with Russia’s Ministry of Defense to prevent “miscalculation, military incidents, and escalation” in the region as Russia’s invasion of Ukraine advances. The Defense Department set up the deconfliction line on Tuesday “for the purposes of preventing miscalculation, military incidents and escalation,” […]

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UKRAINE AND RUSSIA AGREE ON HUMANITARIAN CORRIDORS

Fri 04 March 2022: In the first visible evidence of progress in discussions between the warring parties, Russia and Ukraine agreed on the need for humanitarian corridors to transfer aid and assist civilians from besieged Ukrainian cities. Russian negotiator Vladimir Medinsky reported “substantial progress” at Thursday’s talks –  the second round of negotiations since Russia […]

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RUSSIA MEDIA WATCHDOG SAYS ‘LIMITING’ SITES OF BBC, DEUTSCHE WELLE, MEDUZA, SVOBODA

Fri 04 March 2022: More than a week after Russia invaded Ukraine, Russia’s Media Watchdog reported it has banned access to several independent media websites, including the BBC, tightening internet regulations. Following a request from prosecutors, Roskomnadzor “limited” access to the BBC, the independent news website Meduza, German broadcaster Deutsche Welle, and the Russian-language website […]

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TURKEY, BALANCING RUSSIA TIES, SAYS DRONES TO UKRAINE ARE SALES, NOT AID

Fri 04 March 2022:  Turkey’s drone shipments to Ukraine are not military aid but rather private sales, a deputy Turkish Foreign Minister was quoted as saying on Thursday, underscoring Ankara’s effort to avoid offending Moscow, amid Russia’s invasion of Ukraine, Reuters reports. NATO member, Turkey, which shares a maritime border with Russia and Ukraine and has good […]

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FRANCE’S MACRON TELLS PUTIN HE IS MAKING A ‘MAJOR MISTAKE’: REPORT

Thu 03 March 2022: President Emmanuel Macron has warned his Russian counterpart Vladimir Putin that he is making a “major mistake” in Ukraine and that his government’s actions will cost Russia dearly over the long term, according to a French official cited by the Reuters news agency. During talks by phone allegedly initiated by Putin, […]

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TOYOTA SUSPENDS OPERATIONS AT ITS FACILITY IN RUSSIA; JAPAN TIGHTENS SANCTIONS

Thu 03 March 2022: Toyota Motor Corp., the world’s largest carmaker, declared a halt in production operations in Russia on Thursday, while the Japanese government said it will freeze assets owned by four more Russian banks. Toyota said the decision to suspend operations at its St. Petersburg plant from Friday is “due to supply chain […]

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RUSSIA AIMS TO STOP UKRAINE FROM JOINING NATO, RUSSIAN FM LAVROV SAYS

Thu 03 March 2022: Russia’s foreign minister has said Moscow’s attack on Ukraine is aimed, among other things, at ensuring that its neighbour does not join the United States-led NATO transatlantic military alliance. Lavrov told Russian state television that the country’s forces were attacking military targets but added that the term “collateral damage” has been […]

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