G-7 to ban Russian gold in response to Ukraine war, Biden says

US President Joe Biden said Sunday that the G-7 leading economies will ban imports of gold from Russia, the latest in a series of sanctions that the club of democracies hopes will further isolate Russia economically over its invasion of Ukraine. A formal announcement was expected Tuesday as the leaders meet for their annual summit. … Read more

When you buy diamonds, think of Bucha, Ukraine envoy says

Consumers should think twice when buying diamonds that could be funding Russia’s war, a Ukrainian diplomat said Friday as a fraught international conflict diamond forum in Botswana came to an inconclusive end. The Kimberley Process (KP), a coalition of governments, the diamond industry and civil society representatives responsible for certifying diamonds as conflict-free, is split … Read more

Ukrainians to quit Severodonetsk as Russian forces inch forward

Ukraine signaled its soldiers were withdrawing from the besieged eastern city of Severodonetsk after weeks of heavy bombardments and street fighting to avoid encirclement on Friday, in a move that would be a significant setback in its struggle to defeat Russian forces. Luhansk Governor Serhiy Gaidai said troops in the city had already received the … Read more

Nike to make full exit from Russia in coming months

Nike is making a full exit from Russia three months after suspending its operations there, the US sportswear maker told Reuters on Thursday, as the pace of Western companies leaving the country accelerates. Nike said on March 3 that it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response … Read more

US recession fears darken outlook for global growth

Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, the eurozone and the United … Read more

With Ukraine-dominated agendas, 3 summits to test Western unity

As the Russian invasion of Ukraine rages on, three consecutive summits over the next week will test Western resolve to support Kyiv and the extent of international unity amid rising geopolitical tensions and economic pain. On Thursday and Friday, European Union leaders will meet in Brussels to officially consider making Ukraine a candidate for membership. … Read more

Germany at risk of recession as Russian gas crisis heightens

Germany faces a certain recession if already faltering Russian gas supplies stop completely, an industry body warned Tuesday, as Italy said it would consider offering financial backing to help companies refill gas storage to avoid a deeper crisis in winter. European Union states from the Baltic Sea in the north to the Adriatic in the … Read more

Ukraine on course for EU candidacy, braces for Russian ‘storm’ in east

Ukraine acknowledged on Tuesday the difficulties it is facing in its east as Russian forces regrouped after stepping up the pressure and advancing on two cities ahead of a European Union summit this week expected to welcome Kyiv’s bid to join the bloc. The governor of the Luhansk region, the scene of the heaviest Russian … Read more

Poland excludes player from World Cup plans after new Russia deal

The Poland national football team has said it will exclude defender Maciej Rybus from its Qatar 2022 World Cup plans after the player signed a new contract with Russian club Lokomotiv Moscow. The Polish football federation said Monday that coach Czesław Michniewicz has told Rybus he would be left out of the squad for Nations … Read more

Africa taken hostage by Russia’s invasion of Ukraine: Zelenskyy

“Africa is actually taken hostage” in Russia’s ongoing invasion of Ukraine amid catastrophically soaring food prices, Ukrainian President Volodymyr Zelenskyy said in the African Union (AU) continental body during a closed-door address on Monday. It took weeks of requests for Zelenskyy to address African nations, many of whom retain close ties to Russia and failed … Read more