Ukraine’s front line in Kharkiv is holding on despite Russian bombing

Kyiv, Ukraine – Russian forces are attacking Kharkiv, Ukraine’s second-largest city, with air strikes in an attempt to put an end to Ukraine’s resistance on the seventh day of war unleashed by President Vladimir Putin.

Residents of Kharkiv said the city had suffered heavy bombings at night and in the morning, including air strikes that hit residential areas and civilian infrastructure. The Kharkiv police headquarters and a nearby university building were severely damaged and set on fire. Authorities said 21 people were killed and 112 injured in the past 24 hours.

Russian forces also tried to take over the city’s military hospital, local authorities said. However, the front line is being maintained and the city of 1.4 million remains under Ukrainian control, they said.

Russian airstrikes continued, hitting government and university buildings in Ukraine’s second-largest city, Kharkiv; President Zelensky called on Putin to stop the attacks before the talks; Ukrainians have built roadblocks to slow down Russian troops. Photo: Sergey Bobok / AFP / Getty Images

The attack on civilian areas shows how Moscow has moved towards a strategy of indiscriminate air strikes. His focus at the beginning of the war on military and strategic goals fell away as he tried to demoralize Ukraine’s population.

Kharkiv, whose population is predominantly Russian-speaking, appears to have borne the brunt of bombings that continued in Ukrainian cities on Wednesday. The northeastern city has stepped up strong resistance to the Russian invasion, although Putin has cited alleged discrimination against Russian-speakers in Ukraine as one of the reasons for the military campaign.

im 496125?width=1260&height=840

The TV tower in Kyiv was hit by Russian forces on Tuesday.


photo:

YOUTUBE MEDPLUS / Youtube MEDplus via REUTERS

im 496144?width=1260&height=840

Police officers examined the bodies of passers-by killed in an airstrike on a TV tower in Kyiv.


photo:

dimitar dilkoff / Agence France-Presse / Getty Images

“The enemy fears direct contact with Ukrainian defenders. That is why it has resorted to the tactic of shelling peaceful Ukrainian cities from afar, “Ukrainian Defense Minister Alexei Reznikov said on Wednesday.

Mr Putin launched Russia’s invasion of Ukraine to overthrow the country’s elected government and end its unification with the West. However, Russian forces are battling fierce Ukrainian resistance and logistical problems, making slower progress than most military analysts had expected. Russian forces have faced a number of obstacles since entering Ukraine, including food and fuel shortages, according to a senior US defense official.

A millimeter column of Russian forces heading for Kyiv from the northwest has been largely stationary since Ukrainian forces struck the convoy two days ago near the city of Bucha. Mr Reznikov said that in recent days Ukraine had received and deployed a new batch of Turkish-made Bayraktar TB2 armed drones, using them to target Russian columns from the air.

Ukraine was receiving critical supplies for its defense from Europe, Mr Reznikov said, adding: “We have become at the forefront of the free world.”

Russia has acquired part of its land in southern Ukraine in addition to its pressure in the northeast and northwest.

im 496123?width=1260&height=840

The Kharkiv police headquarters was severely damaged and caught fire, as shown in a photo released by the State Emergency Service.


photo:

– / Agence France-Presse / Getty Images

im 496137?width=1260&height=840

View of the square in front of the damaged local town hall of Kharkiv.


photo:

Sergey Bobok / Agence France-Presse / Getty Images

An air strike struck Kyiv’s iconic TV tower on Tuesday, killing five civilians and wounding five others, Ukraine’s state emergency service said. The strike also temporarily disabled the possibility of broadcasting on Ukraine’s central television channels, the Ukrainian communications agency said. The authority said it would include backup broadcasting equipment.

The TV tower was hit after Russia’s defense ministry said it would target Ukrainian intelligence and communications facilities in central Kyiv, which it said were being used for “information attacks” against Russia. Moscow has called on nearby residents to leave for their own safety. Western diplomats have taken the warning as a signal that a massive strike on Kyiv’s residential areas is imminent. Some of the other employees in the foreign embassies left the Ukrainian capital.

Mr Putin said his goal was to “denazify” Ukraine, falsely claiming that President Vladimir Zelensky, a Jew, owed money to US-led neo-Nazis.

“To want Putin to distort and manipulate the Holocaust to justify an illegal invasion of a sovereign democracy is disgusting,” said Nathan Sharansky, chairman of the Babin Yar Holocaust Memorial and former Donetsk-born Israeli deputy prime minister.

Kremlin spokesman Dmitry Peskov said a Russian delegation was ready to resume talks on a ceasefire with Ukraine on Wednesday. The first round of talks between Russian and Ukrainian delegations met in Belarus on Monday, but did not yield immediate results. Initially, the two countries agreed to meet again in the coming days on the Ukrainian-Polish border. Ukrainian Foreign Minister Dmytro Kuleba said Kyiv was ready to participate, but did not know when.

In Kharkov, residents say there is no food in the city. The shops are almost closed. Some areas report water, heating and electricity outages.

In his first address on the state of the Union, President Biden condemned the “deliberate and completely unprovoked” attack by Russian President Vladimir Putin on Ukraine and announced a ban on Russian aircraft from US airspace. Photo: Getty Images

“I have the impression that Russia wants to wipe the city off the face of the earth,” said Alexander Skorik, who owns a meat company based in a neighborhood in eastern Kharkov.

The city’s defense is led by the Ukrainian army, along with several volunteer militias, including nationalist groups and one made up of football fans.

“There are battles in the city. “Russian warplanes are constantly bombing residential areas,” said Georgi Tarasenko, a Kharkiv resident and volunteer fighter. “Russia is suffering heavy losses and does not want to fight the army, but civilians.

Andriy Ivanov, a Kharkiv resident and city councilor who helps evacuate children, women and the elderly, said many people are trying to leave the city by train and car, mostly heading to cities that have had -a few battles, like the Dnieper to the south.

The mayor of Konotop, a northern Ukrainian city about halfway between Kharkov and Kyiv that has survived heavy fighting, told residents that an ultimatum had been issued by Russian forces to surrender or face artillery fire. Video was shot by Mayor Artem Semenikhin, who asked the crowd: “Who is for battle?”

im 496134?width=1260&height=840

People from all over the country arrived at the station in Lviv, western Ukraine, as they made their way to the border.


photo:

Justina Melnikevich / CARDS for The Wall Street Journal

im 496131?width=1260&height=840

Medical workers care for women who gave birth in the basement of a maternity hospital that has been converted into a medical ward and used as a bomb shelter in Mariupol, Ukraine.


photo:

Eugene Maloletka / Associated Press

“Of course,” a man shouted, after which the rest of the crowd of dozens shouted in agreement.

“Let’s evacuate the women and children and then fight,” said another man.

Hundreds of residents of the southern city of Enerhodar, home to Europe’s largest nuclear power plant, blocked the road to the city as Russian troops approached.

A video posted online by the city’s mayor shows hundreds of people, many waving Ukrainian flags gathered behind several barricades made of sandbags, trucks and wrecked cars.

A video of a strike that struck a residential neighborhood on Tuesday shows two civilians killed, including one with a crooked face and a tree branch. Several people wandered dizzy among the ruins and burning buildings.

Social media videos appear to show the moment when a Russian coup struck Kyiv’s iconic TV tower on Tuesday. Ukrainian authorities said the attack killed five people who were nearby. Photo: Carlos Baria / Reuters

Mr Skorik said his area was hit by a rocket attack on Tuesday that destroyed a supermarket. His company does not work, but he empties his meat warehouses, distributes them on the streets and tries to deliver them to hospitals and orphanages.

“The whole city came together to help each other,” said the 46-year-old. “The soldiers are protecting us. We will fight to the end. Nobody will take Kharkiv.

President Biden spoke with Mr Zelenski for more than 30 minutes on Tuesday, the White House said. The two leaders discussed US and allied aid to Ukraine and the escalation of Russia’s attacks on targets used by civilians, the White House said.

“He thought he could enter Ukraine and the world would turn upside down,” Mr Biden said in his address on the state of the Union. “Instead, he encountered a wall of power he had never imagined. He met with the Ukrainian people. “

im 496141?width=1260&height=840

Armored vehicle destroyed on a street in Bucha, Ukraine.


photo:

SERHIY NUZHNENKO / Reuters

im 496136?width=1260&height=840

Gunmen checked a car after hitting a TV tower in Kyiv.


photo:

Sergei Supinski / Agence France-Presse / Getty Images

Write to Yaroslav Trofimov at [email protected] and James Marson at [email protected]

Copyright © 2022 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Ukraine’s front line in Kharkiv is holding on despite Russian bombing Read More »

Stock futures are rising, with oil rising close to $ 110 a barrel

US stock futures spent hours jumping between gains and losses during the night.

The main futures indices suggest a gain of 0.7% at the opening bell.

RUSSIA INVASES UKRAINE: LIVE UPDATES

Oil prices rose by more than $ 5 a barrel as Russian forces stepped up attacks on Ukrainian cities.

Oil prices have risen despite an agreement by the United States and other major governments in the International Energy Agency to release 60 million barrels of strategic reserves to stabilize supplies.

US crude jumped $ 5.60 to $ 109.05 a barrel in e-commerce on the New York Mercantile Exchange. It rose $ 7.69 on Tuesday to $ 103.41.

Brent crude, based on the price of international oil, rose from $ 5.86 to $ 110.77 a barrel in London. During the previous session, it rose by $ 7 to $ 104.97.

EXXONMOBIL TO STOP OIL PRODUCTION IN RUSSIA, STOP NEW INVESTMENTS THERE IN WAR WITH UKRAINE

Speaking about the state of the Union, President Biden said he would try to mitigate the impact of higher oil prices on Americans.

“I will use every tool we have to protect American business and consumers,” Biden said.

The war between Russia and Ukraine heightens concerns about global economic growth in the face of plans by the Federal Reserve and other central banks to fight rising inflation by raising interest rates.

Investors are expecting more evidence of possible interest rate hikes when Fed Chairman Jerome Powell speaks to Congress on Wednesday.

GET FOX BUSINESS ON THE MOVE BY CLICKING HERE

Traders will receive the first of this week’s labor reports. The payroll company ADP published its national employment report for February. Economists are looking for a profit of 388,000 jobs in the private sector, a reversal of the surprising loss of 301,000 jobs in January.

The government will publish the monthly report on jobs for February on Friday.

In Europe, the London FTSE added 0.6%, the German DAX rose 0.2% and the French CAC rose 0.2%.

In Asia, the Nikkei 225 in Tokyo lost 1.7%, Hang Seng in Hong Kong sank by 1.8% and China’s Shanghai Composite Index fell 0.1%.

CLICK HERE FOR FOX BUSINESS PRICES IN REAL TIME FOR CRYPTOCURRENCE PRICES

Investors transferred the money to the safe haven of government bonds, raising their market price and reducing the yield or the difference between the current price and the maturity.

Yields on 10-year bonds fell by an unusually high margin to 1.74%.

Bitcoin is trading over $ 43,000.

TickerSecurityLastChangeChange%
Me: DJIMIDDLE DOE JONUS33294.95-597.65-1.76%
SP500S&P 5004306.26-67.68-1.55%
I: COMPNASDAQ COMPOSITE INDEX13532.459154-218.94-1.59%

On the Wall Street S&P 500 fell 1.5% to 4,306.26. The Dow Jones Industrial Average lost 1.8% to 33,294.95. The Nasdaq index fell 1.6% to 13,532.46.

JPMorgan Chase fell 3.8% and Bank of America fell 3.9%.

More than 70% of shares in the S&P 500 closed lower. Technology, industry and communications companies were among the biggest obstacles to the benchmark index.

Energy reserves have increased. Occidental Petroleum jumped 7%.

The companies cut ties with Russia. Apple said Tuesday it has stopped selling its iPhone and other popular products there. BP and Shell are withdrawing from investments in the Russian oil industry.

CLICK HERE TO READ MORE ABOUT FOX BUSINESS

Aircraft maker Boeing has said it has suspended major operations in Moscow and temporarily closed its Kyiv office. A statement said it was also suspending the supply of parts, maintenance and technical support services to Russian airlines.

The Associated Press contributed to this report.

Stock futures are rising, with oil rising close to $ 110 a barrel Read More »

Jen Shah wants Kim Kardashian to join her legal team

d8e49c7cd3fd7f4d9c4d45b7f12392c999 kim kardashian jen shah.rsquare.w700

Photo-illustration: The section; Photos: Getty Images

Hey Kim Kardashian, if this whole reality show doesn’t work out, Jen Shah has a suggestion for you. IN Real hosts from Salt Lake City the star is currently facing charges of conspiracy to commit fraud and conspiracy to commit money laundering and she would like to talk to you about joining her legal team.

“Listen, Kim Kardashian is not yet officially part of the legal team of the Chess Squad,” Shah explained during Real hosts from Salt Lake City after the show. “People thought I was joking when I said to myself, ‘Should we add Kim Kardashian to our legal team?'” I was 100 serious. What a suggestion. “I have crazy respect for her,” she added.

Shah went on to praise Kim K’s advocacy for criminal justice reform, hinting that she had been seen in some of the cases Kardashian had defended. “I was dead serious because at this point I feel like I’m wrongly accused of something. I don’t know what the hell is going on – listen, do I need Kim Kardashian on my team? Because this bitch handles nonsense. “

Shah may protest her innocence, but her case has very little to do with the work Kardashian has done so far. The housewife was arrested in March 2021 for allegedly conducting a telemarketing scam that “cheated hundreds of victims” according to the indictment. Kardashian, meanwhile, just walked through California’s Baby Bar in December and has so far focused her advocacy on criminal justice reform and the removal of people like Alice Johnson, who was sentenced to life in prison without parole for the first time a nonviolent drug crime. of prison. I’m sorry to tell you, Jen, but these two things are not the same.

Jen Shah wants Kim Kardashian to join her legal team Read More »

The NFL Competition Committee is considering changing OT’s rules

INDIANAPOLIS – All the Buffalo Bills wanted in January was another chance to beat Kansas City.

Now they are trying to make sure that no NFL team starts out of season like it did.

On Tuesday, more than a month after suffering a crushing loss in the AFC divisional round without touching the ball in overtime, Bills general manager Brandon Bean voiced support for the proposal to change the league’s rules after the season.

“Ours will be more instead of one possession and then you get the other possession, it’s a time like basketball when you play five minutes,” Bean said.

“Baseball, both teams get the top half and the bottom half (in inning). So, time limit and I’m only talking about the postseason. That way, both teams will definitely have a chance and maybe even more than one possession. “

Bean acknowledged that the league’s competition committee could present a number of proposals during this week’s meeting at the NFL’s annual scout factory in Indianapolis, joking that it could have one of all 32 teams. No decision is expected this week.

And it’s not just current accounts that are jumping on board.

Buffalo Bills head coach Sean McDermott spoke at a news conference.
Buffalo Bills head coach Sean McDermott spoke at a news conference.
Michael Conroy

Colts coach Frank Reich, the former quarterback who organized the NFL’s biggest comeback during his tenure at Buffalo, also supports the move. Reich is a member of the commission for the first year and is not sure what this could include.

“Basically, it’s something that would guarantee ownership of any team,” Reich said. “My opinion is that I think there is room for both teams to rule. But I see both sides. You have 60 minutes to win a game, so go win the game. Or play defense. “

The NFL last changed its rules for overtimes in 2010 after complaining that tossing coins often determined the winner. Under the current system, if the initial mastery of the sequels leads to a touchdown or a defensive result, the game ends. This happened to Buffalo.

But if the initial possession leads to a goal from a game, the opposing team gets a chance to equalize or win the game. These rules apply throughout the season.

And now the Bills want every playoff team to get one last chance.

“I think going through what we’ve been through in general, I think there’s a better way out,” said Bills coach Sean McDermott. “We have some ideas and I think they will help move the game forward. And we’ll see where it goes. “

The NFL Competition Committee is considering changing OT’s rules Read More »

Russia’s foreign minister warns: “World War III will be nuclear and destructive”

RussiaRussian Foreign Minister Sergei Lavrov has warned that World War III “will be nuclear and destructive” as his country’s invasion of neighboring Ukraine intensifies.

In a thinly veiled threat to NATO in order not to interfere in Ukraine, Lavrov said that any future world war would be fought nuclear weapons – a statement that comes just days after the president Vladimir Putin warned that any country sending troops to Ukraine would face severe consequences.

The foreign minister went on to say that Moscow was ready to enter a second round of talks aimed at achieving peace in Ukraine, and accused Kyiv of deliberately delaying the process at the request of the United States.

“We are ready for the second round of talks, but the Ukrainian side is delaying [the process] on the orders of the Americans, “Lavrov said, according to the Russian news agency TASS.

A Russian source close to the talks said the second round of talks was due to take place later today near the Belarusian-Polish border, following an initial diplomacy attempt that ended on Monday.

Lavrov also tried this morning to justify the invasion of Ukraine, saying Russian forces “will not allow Ukraine to acquire nuclear weapons,” TASS reported.

There is no evidence that Ukraine has nuclear weapons or plans to acquire them, although Lavrov yesterday questioned why the United States continues to maintain nuclear weapons in European countries despite the Non-Proliferation Treaty (NPT).

As the conflict in Ukraine erupted on its seventh day today, Russian paratroopers landed in the second city of Kharkov after suffering three days of prolonged shelling and rocket attacks that caused enormous damage.

Zhytomyr and Kyiv also suffered new missile strikes, one of which toppled the capital’s 1,500-foot-tall television mast as Russian forces pushed the besieged Black Sea city of Kherson south.

In a veiled threat to NATO from interfering in Ukraine, Lavrov (right) says any future world war will be fought with nuclear weapons, a statement that comes just days after President Vladimir Putin (left) warned that every country sending troops to Ukraine will have severe consequences

In a veiled threat to NATO from interfering in Ukraine, Lavrov (right) says any future world war will be fought with nuclear weapons, a statement that comes just days after President Vladimir Putin (left) warned that every country sending troops to Ukraine will have severe consequences

Ambassadors and diplomats leave while Russian Foreign Minister Sergei Lavrov (on screen) speaks during a pre-recorded video message at the 49th session of the UN Human Rights Council at the UN headquarters in Geneva, Switzerland, March 1, 2022. .

Ambassadors and diplomats leave while Russian Foreign Minister Sergei Lavrov (on screen) speaks during a pre-recorded video message at the 49th session of the UN Human Rights Council at the UN headquarters in Geneva, Switzerland, March 1, 2022. .

As the conflict in Ukraine erupted on its seventh day today, Russian paratroopers landed in the second city of Kharkiv after suffering three days of prolonged shelling and rocket attacks that caused enormous damage (a Russian air strike hit the Kharkiv police department).

As the conflict in Ukraine erupted on its seventh day today, Russian paratroopers landed in the second city of Kharkiv after suffering three days of prolonged shelling and rocket attacks that caused enormous damage (a Russian air strike hit the Kharkiv police department).

View of the square in front of the damaged local mayor's office of Kharkiv on March 1, 2022, destroyed as a result of shelling by Russian troops

View of the square in front of the damaged local mayor’s office of Kharkiv on March 1, 2022, destroyed as a result of shelling by Russian troops

This image appears to show the base of the 95th Brigade of the Ukrainian Armed Forces in Zhytomyr, which was hit by Russian missiles

This image appears to show the base of the 95th Brigade of the Ukrainian Armed Forces in Zhytomyr, which was hit by Russian missiles

A view shows a destroyed building in a residential area as the Russian invasion of Ukraine continues, in the city of Zhytomyr, Ukraine, in this photo published on March 2, 2022.

A view shows a destroyed building in a residential area as the Russian invasion of Ukraine continues, in the city of Zhytomyr, Ukraine, in this photo published on March 2, 2022.

“It is unacceptable for us that American nuclear weapons still remain in a number of European countries, contrary to the main points of the NPT,” Lavrov told a disarmament conference in Geneva in a pre-recorded statement.

“The bad practice of joint nuclear missions involving non-nuclear ones NATO countries continues. “During such missions, the use of nuclear weapons against Russia is practiced,” Lavrov continued.

“US nuclear weapons should have returned home a long time ago, and the corresponding infrastructure in Europe should have been eliminated a long time ago.”

But his words remained deaf when delegates from around the world left the conference amid Lavrov’s protests.

Russia’s threats come as its forces begin to inflict significant losses amid fierce urban battles on the streets of several Ukrainian cities.

Ukraine’s armed forces said this morning they had killed 5,840 Russian soldiers since the invasion began.

In a Facebook post this morning, the General Staff said Ukrainian troops also destroyed 61 planes, more than 200 tanks, 862 armored vehicles, 85 artillery systems, nine anti-aircraft systems, 60 fuel tanks and captured 40 Russian missile launchers.

These statistics cannot be verified independently.

The Kremlin, meanwhile, declined to say how many soldiers had died as it took part in a propaganda campaign aimed at shaping the narrative through state media channels, but insisted its losses were significantly lower than those offered by Ukraine.

Moscow is launching a new online portal offering Russian citizens “official and verified information” that will counter “fakes and rumors” about the current situation in the country, Deputy Prime Minister Dmitry Chernyshenko said.

Meanwhile, Russian expert and former member of parliament Alexander Sherin has denied claims of thousands killed in Russia.

“In 10 years of war in Afghanistan, we have unfortunately lost 14,000 soldiers and officers. That was over 10 years.

“When they say we lost 2,000 or even 5,000 people in four days, that’s complete nonsense. This is an attempt to demoralize our army and people. ”

This photo, taken on February 26, 2022, shows a Russian armored personnel carrier (APC) burning during a battle with the Ukrainian armed forces in Kharkiv.

This photo, taken on February 26, 2022, shows a Russian armored personnel carrier (APC) burning during a battle with the Ukrainian armed forces in Kharkiv.

In a Facebook post this morning, the General Staff claimed that Ukrainian troops had destroyed 61 planes, more than 200 tanks, 862 armored vehicles, 85 artillery systems, nine anti-aircraft systems, 60 fuel tanks and captured 40 Russian missiles since the invasion.

In a Facebook post this morning, the General Staff claimed that Ukrainian troops had destroyed 61 planes, more than 200 tanks, 862 armored vehicles, 85 artillery systems, nine anti-aircraft systems, 60 fuel tanks and captured 40 Russian missiles since the invasion.

A fighter from the Ukrainian Territorial Defense examines a destroyed Russian GAZ Tiger mobile infantry mobile vehicle after a battle in Kharkiv on February 27, 2022.

A fighter from the Ukrainian Territorial Defense examines a destroyed Russian GAZ Tiger mobile infantry mobile vehicle after a battle in Kharkiv on February 27, 2022.

The fighter of the Ukrainian Territorial Defense takes the automatic grenade launcher from the destroyed Russian infantry mobile machine GAZ Tiger after the battle in Kharkov on February 27, 2022.

The fighter of the Ukrainian Territorial Defense takes the automatic grenade launcher from the destroyed Russian infantry mobile machine GAZ Tiger after the battle in Kharkov on February 27, 2022.

Russian paratroopers landed in Ukraine’s second city amid heavy fighting early this morning on the seventh day of the invasion.

Kharkov has been under siege for three days as Russian troops were pushed out of the city by Ukrainian defense forces, only to allow Putin to launch a protracted bombing raid that destroyed many administrative and housing structures.

“There are practically no areas left in Kharkiv where an artillery shell has not yet struck,” said an official of the Ukrainian Interior Ministry.

Russia has also stepped up its bombings and rocket attacks elsewhere, hitting Kyiv’s main TV tower, two apartment buildings in a city west of the city and the city of Bila Tserkva south of the capital.

The bombing of the TV tower was particularly outrageous when rocket attacks struck Babin Yar, a ravine near the structure where about 150,000 people were killed by the Nazis – including 34,000 Jews in two horrific days in 1941 – during the campaign. Adolf Hitler v. Soviet Union.

After the attack, Vladimir Zelensky wrote on Twitter: “To the world: what’s the point of saying ‘never again’ for 80 years if the world is silent when a bomb falls on the same spot on Babin Yar?” At least 5 killed. History repeats itself … ‘

Russia’s foreign minister warns: “World War III will be nuclear and destructive” Read More »

Ukraine raises $ 270 million from the sale of military bonds to finance the military

Ukrainian soldiers are seen in the northern part of Donetsk, Ukraine, on February 23, 2022.

Wolfgang Schwan | Anatolian Agency Getty Images

The Ukrainian government issued military bonds on Tuesday and said it had raised about 8.14 billion Ukrainian hryvnias ($ 270 million).

The country’s finance ministry said in a tweet that the bonds would yield 11% with a one-year term.

“The proceeds from the bonds will be used to meet the needs of Ukraine’s armed forces and to ensure the continued provision of the country’s financial needs during the war,” the ministry tweeted a day earlier. His website is currently down.

The face value of the bond is 1,000 hryvnia ($ 33).

The government also issued bonds with a term of two months and a 10% yield. That raised another $ 7 million.

The bonds were sold through dealers, including Citigroup, Austria’s Raiffeisen Bank and Budapest-based OTP Bank Nyrt, the Wall Street Journal reported, citing a conversation between a Ukrainian employee and investors.

CNBC asked the banks for comment.

CNBC Policy

Read more of CNBC’s political coverage:

Ukraine’s armed forces have largely restrained Russian troops since the invasion began last week. The smaller country has so far defended and retained control of key cities, while delaying Russia’s advance on the capital, Kyiv.

Although Ukraine’s resilience has surprised analysts, many still expect Russia to prevail, given Moscow’s vast military resources. In 2020, Ukraine’s military spending will be $ 5.92 billion, part of Russia’s $ 61.71 billion, according to the World Bank.

Ukraine has tried to raise funds in many ways as fighting continues and the Russian convoy heads to Kyiv.

The official Twitter account of the Ukrainian government on Saturday posted addresses for two crypto wallets, one accepting only bitcoin and the other accepting ether and teter, a token that tracks the value of the US dollar.

As of Sunday, those portfolios have attracted $ 10.2 million in cryptocurrency, according to a study by blockchain analysis firm Elliptic. This is in addition to the millions in digital currency donated to NGOs supporting the Ukrainian military.

– Ryan Brown of CNBC contributed to this report.

Ukraine raises $ 270 million from the sale of military bonds to finance the military Read More »

Companies are withdrawing from Russia because of the war in Ukraine

Here’s a look at the latest big corporate announcements.

Cars

Ford announced on Tuesday that it was suspending operations in Russia. The American carmaker has a 50% stake in Ford Sollers, a joint venture that employs at least 4,000 people and is shared with Russia’s Sollers.

Ford said earlier Tuesday that it was “deeply concerned about the situation in Ukraine”, but did not go so far as to suspend operations in the three Russian cities where the company has plants: St. Petersburg, Elabuga and Naberezhnye Chelny.

Ford Sales and Service Center.

The company notes that it has “significantly reduced” its Russian operations in recent years and has “a strong contingent of Ukrainian citizens working for Ford around the world.”

General Motors said on Friday that it would suspend all exports to the country “until further notice”.

GM has no significant presence there: it sells only about 3,000 vehicles a year through 16 dealerships, according to a spokesman. That’s more than 6 million vehicles sold by the Detroit-based automaker worldwide each year.

Aviation

Boeing said on Tuesday that he would suspend support for Russian airlines.

A spokesman for the company confirmed that it was pausing “parts, maintenance and technical support services for Russian airlines” and that it had “suspended major operations in Moscow and temporarily closed our Kyiv office”.

“As the conflict continues, our teams are focused on ensuring the safety of our teammates in the region,” he added.

Airbus followed by Boeing with a similar move on Wednesday. In a statement, the aircraft manufacturer said it had “suspended maintenance services for Russian airlines, as well as the supply of spare parts for the country.”

Great technique

Apple has stopped selling its products in Russia, the company said on Tuesday.

The company said in a statement that it was “deeply concerned” about the Russian invasion. In response, it also focused on restricting access to digital services, such as Apple Pay, in Russia and restricting access to Russian state media applications outside the country.

Re: Store in the center of Moscow.  re: Store is one of Apple's largest distributors in Russia.
Facebook (FB)– parent The goal said on Monday that it would block access to Russian news outlets RT and Sputnik across the European Union.

The move comes after receiving “requests from a number of governments and the EU to take further steps with regard to Russian-controlled state media,” tweeted Nick Clegg, the company’s vice president of global affairs.

Meta also said it had imposed algorithmic restrictions on Russian state media that should prevent them from appearing prominently in consumer broadcasts.

Twitter (TWTR) similarly announced plans to “reduce the visibility and enhance” the content of Russian state media.
Big Tech is fighting against the content of the Russian state media amid growing pressure
Netflix (NFLX) also said Monday that it refuses to broadcast Russian state television channels in the country – something the streamer should do under Russian law this week.

“Given the current situation, we have no plans to add these channels to our service,” the company told CNN Business.

Year, a company that sells hardware that allows users to stream content over the internet has also promised to ban RT in Europe.

YouTube, which is owned by doogle, said over the weekend that it had blocked Russian state media in Ukraine, including RT. The video platform also said it would “significantly limit the recommendations for these channels”.

Google and YouTube have also said they will no longer allow Russian state media to run ads or generate revenue from their content.

Energy

BP said on Sunday that it plans to leave its 19.75% stake in Russia’s largest oil company, Rosneft, and their joint ventures, one of Russia’s largest foreign investments.

Equinor will also start leaving its joint ventures in Russia, the Norwegian oil and gas company announced on Monday.

“We are all deeply concerned about the invasion of Ukraine, which is a terrible obstacle to the world,” said Anders Opedale, chief executive.

The company said it had $ 1.2 billion in long-term investments in Russia at the end of 2021. It has been operating in Russia for more than 30 years and has a cooperation agreement with Rosneft.

Exxon is leaving its latest Russian project

Exxon promised on Tuesday to leave his latest remaining oil and gas project in Russia and not to invest in new developments in the country.

Sakhalin-1 is “one of the largest single international direct investments in Russia,” according to the project’s website. A subsidiary of Exxon has a 30% stake, while Rosneft also owns a stake.

With the departure of this project, Exxon will end more than a quarter of a century of business presence in Russia.

Shell follows BP from Russia as oil companies abandon Putin
Shell it is also leaving Russia and abandoning its joint ventures with Gazprom, including its participation in the dying Nord Stream 2 gas pipeline.

The UK-based oil company said Monday it would dump its stake in a liquefied natural gas facility, its stake in a field development project in Western Siberia and its interest in a project to explore the Gidan Peninsula in northwestern Siberia.

“We are shocked by the loss of human lives in Ukraine, which we regret as a result of a senseless act of military aggression that threatens European security,” Shell CEO Ben van Beurden said in a statement.

Shell gas station, seen in Moscow in 2020
TotalEnergies on Tuesday also condemned Russia’s actions, saying it would no longer provide capital for new projects in the country.

The French oil giant has been doing business in Russia for 25 years and recently helped launch a major liquefied natural gas project off the Siberian coast.

Finance

The $ 1.3 trillion Norwegian sovereign wealth fund will sell shares in 47 Russian companies as well as Russian government bonds, the Norwegian prime minister said on Sunday.
Mastercard (MA) announced on Monday that it has “blocked many financial institutions” from its network as a result of anti-Russian sanctions and will “continue to work with regulators in the coming days.”
visa (V) also said on Tuesday that it is taking steps to comply with the measures as they develop.

Media and entertainment

DirectTV sever ties with RT, Russian-backed television network infamous for promoting Russian President Vladimir Putin’s program.

A spokesman for the US satellite operator told CNN Business on Tuesday that it was already reconsidering whether to renew the agreement to transport the store, which was due to expire later this year. Russia’s war against Ukraine hastened its decision, according to the spokesman.

Disney it also suspended the release of its theatrical films in Russia, citing “the unprovoked invasion of Ukraine”.

The entertainment giant had a number of films that will be released in Russia in the coming months. These include Marvel’s “Doctor Strange in the Multiverse of Madness” on May 5 and Pixar’s “Lightyear” on June 16.

A buyer opens an umbrella with Disney princesses at the Central Children's Store on Lubyanka Square in Moscow in 2017.

“We will make future business decisions based on the evolving situation,” said a Disney spokesman.

'Batman' withdrawn from Russia
WarnerMedia said Monday it would suspend the launch of Batman in Russia.

The film is expected to be one of the biggest blockbusters of the year and will be released in most countries by Warner Bros., which, like CNN, is a division of WarnerMedia.

A company spokesman said the decision was made “in light of the humanitarian crisis in Ukraine” and that the company hopes for a “quick and peaceful solution to this tragedy”.

Delivery

Maersk and Mediterranean shipping company MSC both suspend cargo reservations with Russia.

“As the stability and security of our operations are already directly and indirectly affected by sanctions, Maersk’s new reservations to and from Russia will be suspended, except for food, medical and humanitarian supplies,” the Danish-based company said in a statement. in Tuesday.

“We are deeply concerned about how the crisis continues to escalate in Ukraine,” the company added.

MSC, a Swiss container company, said its own shutdown began on Tuesday and will include “all access areas, including the Baltic Sea, the Black Sea and Russia’s Far East”.

– Michelle To, Chris Isidore, Vanessa Jurkevich, Paul P. Murphy, Mark Thompson, Vasco Cotovio, Peter Valdes-Dapena, Frank Palotta, Brian Fung, Oliver Darcy, Jordan Valinski and Chris Liakos contributed to this report.

Companies are withdrawing from Russia because of the war in Ukraine Read More »

Guillermo del Toro renews the Oscars

Alley of Nightmares Oscar nominee Guillermo del Toro has to choose from the Film Academy, which recently decided to pre-record eight categories for the 94th Academy Awards, including Best Producer Design, Editing, Makeup and Hairstyle, Original Music, Sound, Short Documentary film, animated short films and live short films.

The two-time Oscar winner expressed his feelings last night as he accepted the Hollywood Critics Association Film Achievement Award, saying that if there was ever a year for such a change, it wasn’t.

“The nominees we have here, most of those we have here tonight, [worked] against very, very difficult chances [to get here]and we don’t [films] alone, ”he said after his frequent collaborator, Doug Jones, presented him with the award. “We do them together and the people who did them with us did it, risking everything in a pandemic, appearing, making the day, somewhat miraculous.

“I have to say that if a year has been the year to think about it, it’s not the year not to hear their names live at the Oscars. This is the year when you have to sing it and sing it out loud, “Del Toro continued. “We shouldn’t do it this year; we should never do that, but not this year… And we have to say that… 2021 was a great year for movies. ”

At the Oscars, which take place at the Dolby Theater on March 27, Alley of Nightmares will fight for best film, cinematography, production design and costume design. Academy President David Rubin announced the decision to renew this year’s ceremony with eight pre-recorded categories edited in the final show on February 22 and saw that it met with immediate reaction from groups including American Cinema Editors and Set Decorators of America.

Del Toro’s speech at the fifth annual HCA Film Awards can be seen in full above.

Guillermo del Toro renews the Oscars Read More »