Ukraine russia

A. Muh. Ibnu Aqil (The Jakarta Post) PREMIUM Jakarta   ● Thu, June 23 2022 President Joko “Jokowi” Widodo will visit the capitals of Ukraine and Russia after attending a multilateral summit in Germany next week, Foreign Minister Retno LP Marsudi announced on Wednesday, in the hope of bringing an end to an ongoing war that has had global economic repercussions. Jokowi has accepted an invitation from Germany to attend a meeting of the Group of Seven (G7) industrialized economies in the Bavarian Alps from June 26-28. From there the President is expected to continue his journey to the Ukrainian capital Kyiv and Moscow, Retno said, although she did not disclose the exact dates. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept … [Read more...] about Jokowi set to visit Ukraine, Russia

- A + A (June 22): Indonesian President Joko Widodo will head to Kyiv and Moscow to push for peace and discuss the global food crisis partly caused by Russia’s invasion of Ukraine. Jokowi, as the president is popularly known, will be the first Asian leader to visit the countries since the war began, said Foreign Minister Retno Marsudi. The visits will take place after he attends the Group of Seven meeting in Germany on June 26-28. “President Jokowi is choosing to try to contribute, instead of choosing to be quiet,” Marsudi said in a press briefing on Wednesday. He plans to discuss the global food crisis and peace efforts during the visits, she added. Indonesia, as this year’s host of Group of 20, is set to be the stage for a potential meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy, after Jokowi invited both of them to attend the November summit in Bali. Non-Aligned Movement In Indonesia, rising food prices have … [Read more...] about Jokowi to visit Ukraine, Russia to discuss food crisis

Share to Twitter Share to Linkedin Topline European leaders on Thursday are expected to unanimously back Ukraine as an official candidate for EU membership, a major symbolic victory for Kyiv as it fights off Russian invaders and the first step in a long, arduous journey to join the bloc that has no guarantee of success and could take decades. Key Facts European leaders are expected to back Ukraine as a candidate for EU membership at a summit in Brussels on Thursday. The European Commission, the bloc’s executive branch, endorsed Ukraine as a candidate country on Friday, a day after leaders from Germany, France and Italy—the EU’s three most powerful members—voiced their support during a visit to Kyiv. European Commission President Ursula von der Leyen said the recommendation came with the understanding that Ukraine will take steps to implement a number of judicial and anti-corruption reforms. Candidate status is the first step in a … [Read more...] about EU Leaders Will Back Ukraine As Candidate Member Today — Here’s What That Means

London (CNN Business) President Vladimir Putin said Wednesday that Russia is rerouting trade to "reliable international partners" such as Brazil, India, China and South Africa as the West attempts to sever economic ties. "We are actively engaged in reorienting our trade flows and foreign economic contacts towards reliable international partners, primarily the BRICS countries," Putin said in his opening video address to the participants of the virtual BRICS Summit . The "BRICS" acronym refers to an informal grouping of the five developing economies. According to Putin, trade between Russia and the BRICS countries increased by 38% and reached $45 billion in the first three months of the year. "Contacts between Russian business circles and the business community of the BRICS countries have intensified," Putin said. "For example, negotiations are underway to open Indian chain stores in Russia [and to] increase the share of Chinese cars, equipment and … [Read more...] about Putin says Russia is rerouting trade to China and India

File image Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said on June 22. On April 20, Tata Steel had said it would stop doing business with Russia. To ensure business continuity, all its steel manufacturing sites in India, the UK and the Netherlands have sourced alternative supplies of raw materials to end its dependence on Russia. "Tata Steel would like to issue a clarification in view of the incorrect information floating around in some sections of the media with respect to the buying/importing of coal from Russia," the spokesperson said. A deal for supply of 75,000 tonne of PCI coal was finalised in March 2022 and the contract became effective weeks before Tata Steel’s April announcement. The shipment was received in May 2022 to honour the business commitment made before the announcement. Close "Post the … [Read more...] about No purchase of coal from Russia after April 20: Tata Steel

Berlin/London (CNN Business) Europe's biggest economy is now officially running short of natural gas and is escalating a crisis plan to preserve supplies ahead of winter as Russia turns off the taps. Germany on Thursday activated the second phase of its three-stage gas emergency program , taking it one step closer to rationing supplies to industry — a step that would deliver a huge blow to the manufacturing heart of its economy. ''Gas is from now on in short supply in Germany," Economy Minister Robert Habeck told reporters at a press conference in Berlin. "Even if you don't feel it yet: We are in a gas crisis." Europe's energy crisis escalated this month as Russia further reduced supplies to Germany, Italy and and other members of the European Union. Russia's state gas company Gazprom slashed flows through the Nord Stream 1 pipeline to Germany by 60% last week, blaming the move on the West's decision to withhold vital turbines because of … [Read more...] about Germany declares gas crisis as Russia cuts supplies to Europe

Reuters Washington, United States   ● Thu, June 23, 2022 2022-06-23 13:55 0 e16ff64e7ecc29b417414912232da0e8 2 Europe G7,China,Joe-Biden,Indonesia,Jokowi,Recep-Tayyip-Erdogan,Ukraine Free Leaders from the Group of Seven rich democracies and the NATO alliance will work to increase pressure on Russia over its war in Ukraine next week, while underscoring their continued concerns about China, senior US officials said on Wednesday. President Joe Biden leaves Saturday to meet with other G7 leaders in southern Germany before heading to Madrid for a summit where NATO is expected to announce plans to expand its forces in eastern Europe and Washington will lay out steps to strength European security. Inclusion, for the first time, of leaders from Australia, Japan, South Korea and New Zealand in the NATO summit was aimed at showing that the war in Ukraine has not detracted from Western nations' focus on China, the officials said. G7 leaders, meeting at an … [Read more...] about G7, NATO leaders to ratchet up pressure on Russia, keep eye on China

New York (CNN Business) Nike is the latest Western brand to leave Russia . In a statement, the clothing manufacturer said that it has "made the decision to leave the Russian marketplace" and that its "priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months." Nike ( NKE ) also posted a note on its official Russian website telling visitors its website and mobile app will "no longer be available in this region" and that its stores "will not reopen." It had about 100 stores in the country. Shortly after Russia's invasion of Ukraine in March, Nike suspended online and franchised store sales in Russia. However, its non-franchised stores continued to operate. Nike said in a recent earnings call that its business in both Russia and Ukraine represents less than 1% of its total revenue. The company joins McDonald's and Starbucks exiting Russia. Read More -- … [Read more...] about Nike is exiting Russia

Share to Twitter Share to Linkedin Topline Sports apparel giant Nike is set to leave the Russian market for good, Reuters reported first on Thursday, becoming the latest multinational firm to abandon operations in the country since its invasion of Ukraine. Key Facts Nike’s decision to leave the Russian market comes three months after it paused its retail operations in the country. In an emailed statement shared with Forbes , Nike said it will “responsibly scale down” operations over the coming months while “fully supporting” its employees in the country. The move is likely to have very little impact on the company’s bottom line as income from Russia and Ukraine accounts for less than 1% of Nike’s overall revenue, the report adds. Key Background In March, Nike announced it was temporarily shutting down all retail stores it owned and operated in Russia, but authorized outlets owned by third-party franchisees remained open and … [Read more...] about Nike Is The Latest Global Brand To Exit Russia Completely

(Representative image: Reuters) A day after endorsing Ukraine's candidacy to join the European Union, the bloc's leaders turned their attention to the severe economic turbulence looming over the coming months as the full impact of Russia's war sinks in and the threat of recession rises. The EU's 27 leaders gathered in Brussels to grapple with surging inflation, energy shocks, dwindling business and consumer confidence, and growing budget pressures. The leaders also will have to contend with higher borrowing costs as the European Central Bank prepares to raise interest rates for the first time in 11 years to counter runaway price increases. ECB President, Christine Lagarde, who plans to raise rates next month and again in September, joined the EU summit to discuss the darkening economic outlook. Swedish Prime Minister Magdalena Andersson said, "We are in a difficult situation, its very important that we have this discussion." The EU has spent the previous decade battling … [Read more...] about EU leaders tackle inflation, energy shocks from Russia’s war