The global food supply has been threatened after the conflict in Ukraine paralyzed crucial Black Sea supply routes and the imposition of hard-hitting sanctions on Russia forced many countries into food protectionist policies. This conflict has sent commodities, including energy and metal prices, soaring with the risk of severe disruption to markets as the war continues….
Food Protectionism Threatens to Further Disrupt Global Crop Trading
March 11, 2022
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Business & Economyeconomic policieseconomyEuropefood crisisMarketsRussia ukraine conflictRussia-Ukraine WarWorld
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White House Warns Russia May Use Chemical Or Biological Weapons in Ukraine
March 9, 2022
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biological weaponsBusiness & Economychemical weaponseconomic policieseconomyEuropeJen PsakiMarketsRussiaRussia ukraine conflictRussia-Ukraine WarUkraineWhite HouseWorld
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Russia may be preparing to “use chemical or biological weapons in Ukraine,” after Moscow falsely claimed the United States is developing illegal chemical weapons in the country, White House press secretary Jen Psaki said. Psaki made the remarks in a series of tweets on Wednesday after Russian Foreign Ministry spokeswoman Maria Zakharova this week accused…
Russia Threatens to Nationalize Foreign-Owned Factories Shut Down During Ukraine Crisis
March 9, 2022
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Business & EconomyCompanieseconomic policieseconomic warfareeconomyEuropeRussia ukraine conflictRussia-Ukraine WarWorld
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A legislative commission led by the ruling party in Russia approved measures on March 8 that would pave the way for the nationalization of property of Western companies now exiting the country in protest of the military attacks on Ukraine. United Russia, the dominant political party in the Russian parliament’s lower house, the State Duma, said that…
LME Halts Trading After Nickel Prices See Record Run
March 9, 2022
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Business & EconomyChinaChina Business & EconomycommoditieseconomyEnvironmentEuropeInvestmentLondon Metal ExchangeMarketsNickelRussia ukraine conflictRussia-Ukraine WarScienceWorld
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The London Metals Exchange (LME) said it was forced to cancel all nickel trades on March 8, after the contract spiked as much as 111 percent to more than $100,000 per tonne, before trading was halted. The LME said the halt was due to the conflict Ukraine as well as the low-stock environment and high…
Making Canada Dependent on Foreign Energy When We’re an Energy-Rich Country Is Ludicrous
March 9, 2022
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Canadaenergy securitygreen energy policiesGretchen WhitmerJoe BidenOpinionPrime Minister Justin TrudeauRussia ukraine conflictViewpointsWorld
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Commentary Energy analysts and business leaders have been warning North Americans and Europeans about declining energy security for years. Western nations have spent the last decade obsessed with developing renewable energy resources while shutting down their own conventional energy resource development under the assumption that a great transition would happen. Canada shut down the Northern…
Russia Again Offers Humanitarian Corridors Leading to Russia, Belarus: Report
March 8, 2022
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BelarusDmitry PeskovEuropeKyivPutinRussiaRussia ukraine conflictRussia-Ukraine WarUkraineVolodymyr ZelenskyWorld
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Moscow has again proposed to set up humanitarian corridors out of key Ukrainian cities that would lead mostly to Russia and Belarus starting from 9 a.m. local time, Russian news agencies reported. According to Interfax news agency, civilians departing the Ukrainian cities of Kyiv, Chernigov, and Kharkiv would travel to Russia, some via Belarus. The…
Russian Convoy Near Kyiv ‘Still Stuck’: Pentagon
March 7, 2022
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EuropeExecutive BranchJohn KirbyKyivPentagonPoliticsRussiaRussia ukraine conflictRussia-Ukraine WarUkraineUSUS NewsVladimir PutinWorld
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The Russian convoy heading towards Kyiv, the Ukrainian capital, remains stalled, Press Secretary John Kirby said in an update on Monday. The convoy, which stretches for as much as 40 miles from near Prybisk in the north to the southern end near the Antonov airport, was moving steadily south at the onset of the war….
Commodity Prices Skyrocket Due to Supply Chain Breakdown and the Crisis in Ukraine
March 7, 2022
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Business & Economycommoditieseconomic policieseconomyEuropeglobal commoditiesMarketsRussia ukraine conflictRussia-Ukraine WarWorld
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Global commodity prices skyrocketed on March 7, as the Russian–Ukrainian conflict has caused industrial buyers and traders to scramble for new sources of raw materials hit by supply disruptions. Russia’s attack on Ukraine nearly two weeks ago has prompted massive sanctions against Russia by the United States and its Western allies. The sanctions against Russia are…
Gazprom Westbound Gas via Pipeline to Germany Hits a Snag
March 5, 2022
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Russian natural gas heading westbound through the Yamal-Europe pipeline stopped on March 4, as Gazprom’s bids for additional transit capacity via Ukraine stand at high levels, according to data from the Gascade pipeline operators. The Yamal pipeline between Poland and Germany accounts for about 15 percent of Russian gas to Europe and Turkey. The 2,000-km…
London Stock Exchange Suspends More Trade In Russia Stocks, As Insurers Pull Coverage Over Ukraine
March 5, 2022
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Business & Economyeconomic policiesEuropeInvestmentLondon Stock ExchangeMarketsRussia ukraine conflictRussia-Ukraine WarRussian sanctionsstocksUKWorld
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The London Stock Exchange (LSE) on Mar. 4, suspended trading on a second round of Russian stocks, because of continuing market deterioration and as some insurers withdrew coverage from exporters due to increasing sanctions over the Russian invasion of Ukraine. The LSE had earlier suspended trading on Mar. 3 for 27 Russian companies, to prevent investors…
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