Russia’s war against Ukraine and the resulting sanctions are pushing the world into a food crisis, according to fertilizer and coal billionaire Andrei Melnichenko. The war “has already led to soaring prices in fertilizers which are no longer affordable to farmers,” Melnichenko, the founder of EuroChem, one of Russia’s biggest fertilizer producers, said to Reuters….
Ukraine War Triggering Global Food Crisis, Possible Rise in ‘Chronically Hungry People’
March 14, 2022
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Burger King Latest Food Company Restricting Russian Operations
March 11, 2022
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Fast-food chain Burger King, with around 800 fully franchised outlets in Russia, has decided to pause all corporate support within the country, joining other companies taking similar retaliatory measures following Moscow’s incursion into Ukraine. In a statement March 10, Restaurants Brands International (RBI), the parent company of Burger King, said there are no corporate Burger King…
Ukraine War Will Lower Global Growth Says IMF, Russian Economy Could Contract 15 Percent in 2022
March 11, 2022
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The International Monetary Fund (IMF) is expected to cut down its global growth forecast for 2022 due to Russia’s invasion of Ukraine, according to the managing director of the agency, placing a damper on the post-pandemic economic recovery that was critical to many nations. “We think that we would be downgrading our growth projections as…
Ukraine Loses Communication With Chernobyl Nuclear Power Plant: IAEA
Ukraine lost all communications with the Chernobyl nuclear power plant on March 10, the country’s regulatory authority informed the International Atomic Energy Agency (IAEA). Just a day earlier, the site had lost all external power supply, following which, the plant made use of emergency generators. The loss in communication means that the Ukraine operator cannot…
Ukraine War Highlights the Rise of a New International Order
Commentary American allies, Republican officials, and policy analysts the world over are concerned that if the Biden administration countenances Russian President Vladimir Putin’s aggression against Ukraine, it will signal that China is free to move against Taiwan. The fact is, it’s probably too late already. The issue is not that Washington couldn’t protect its client…
Lessons for Taiwan, Japan, South Korea, and NATO From the Ukraine War
Commentary While the war in Ukraine is still raging, it isn’t too early to draw some conclusions about the fighting and see how “lessons learned” might apply to NATO and our Pacific Allies. On the ground, the evidence is clear that a far smaller Ukrainian military has been able to fight the Russians to a…
Ukraine Fights Back; Would America do the Same?
Commentary As we watch the horrifying Russian attack upon Ukraine, Americans everywhere are grateful for the peace that comes from the protection of two oceans and the world’s most powerful military. Our unique position as a continental power with only two land borders has long been a source of our security. In his 1838 address…
Russia Bars Citizens From Buying US Dollars, People Encouraged to Invest in Gold
March 9, 2022
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Russia has banned citizens from using rubles to buy U.S. dollars or other hard currencies for a period of six months as the currency spirals into a free fall following Moscow’s war with Ukraine. Banks have been prohibited from selling cash to citizens during this period. However, people can exchange any currency for rubles, any…
Estimated 2,000–4,000 Russian Troops Killed, Putin Underestimated Ukraine: US Intelligence
March 9, 2022
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Russian President Vladimir Putin’s war against Ukraine cost the country thousands of soldiers as Kyiv has put up a staunch resistance against invading forces, American intelligence officials said during a March 8 hearing of the House Intelligence Committee. The number of Russian troops killed in the invasion to date is somewhere between 2,000 and 4,000,…
Ukraine Bans Export of Oats, Millet, Sugar, Wheat, and More as War Rages With Russia
March 9, 2022
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The government of Ukraine has imposed new rules for food exports, banning some items from being exported to other nations as the country attempts to fight off a Russian invasion. “In order to prevent the humanitarian crisis in Ukraine, market stability, and meet the needs of the population in critical food products, the Government has…
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