Russia is on the brink of its first debt default since 1998 as the Sunday deadline to make a $100m interest payment seems certain to be missed. Russia has the money and is willing to pay, but sanctions make it impossible to get the payments to
The European Union agreed on Monday night to phase out dependency on Russian gas, oil and coal said European Commission President Ursula von der Leyen. The ban will immediately cover more than two-thirds of oil imports from Russia. Von der Leyen said the ban will "effectively cut
Russia permanently banned more than 900 American politicians, celebrities and executives from entering the country, including President Joe Biden, Vice President Kamala Harris, Meta CEO Mark Zuckerberg and actor Morgan Freeman. The Russian Foreign Ministry announced the bans on Saturday as part of a response to
The European Union (EU) will phase out Russian crude oil imports over the next six months. EU President Ursula Von der Leyen told the European Parliament in a speech outlining proposals for the sixth wave of sanctions against Moscow. This will mark the bloc’s boldest proposals yet
Indonesia, the world’s top palm oil producer announced plans to ban exports of the most widely used cooking oil and will likely see Kenyan households dig deeper to pay more for an already expensive commodity. Indonesia's move is set to hurt other countries globally and Kenyans
Russia now says it may close its main gas pipeline to Germany if the West goes ahead with a ban on the Russian oil supply. The Russian Deputy Prime Minister Alexander Novak has said a rejection of Russian oil would lead to catastrophic consequences for the
The European Union has closed its airspace to Russia due to the situation in Ukraine, according to a document published in the Official Journal of the European Union on Monday. "It shall be prohibited for any aircraft operated by Russian air carriers, including as a marketing
The world's largest aircraft, Antonov AN-225, has been destroyed following the ongoing Russian invasion of Ukraine as the war enters day five. According to CNN, the enormous aircraft, named "Mriya," or "dream" in Ukrainian, was parked at an airfield near Kyiv when it was attacked by
Google on Sunday temporarily disabled google Maps tools providing live information on the traffic layer in Ukraine considering how busy most places are and for the safety of local communities after consulting local authorities. Early Thursday last week, Russian forces invaded Ukraine with nearly 400,00 civilians
Russia's ruble plunged nearly 30 percent against the U.S. dollar to a record low on Monday, after world powers imposed fresh, harsher sanctions on Russia over its operation in Ukraine. The ruble fell as low as 119.50 per dollar in Asian trading, a steep drop of
