Ukraine and Russia: What you need to know right now
Reuters
Published Apr 01, 2022 04:59
Updated Apr 01, 2022 05:37
(Reuters) - Russian gas was still flowing to Europe on Friday despite a deadline set by President Vladimir Putin to cut it off unless customers start paying in roubles, Moscow's strongest threat to retaliate for sanctions imposed over its invasion of Ukraine.
NEXT STEPS
* Under the decree signed by Putin, foreign buyers of Russian gas must open rouble accounts in state-controlled Gazprombank from Friday to allow foreign currency to be converted to roubles. Analysts said the plan, which puts Gazprom (MCX:GAZP) at the heart of the trade, was more about shielding it from future sanctions than depriving Europe of gas.
* Member states of the International Energy Agency are set to convene an extraordinary meeting (1200 GMT) to discuss a possible coordinated release of oil stocks to bring down prices. U.S. President Joe Biden announced a release from the U.S. emergency oil reserve on Thursday.
* One of Putin's allies warned that Russia, a major global wheat exporter, could limit supplies of agriculture products to "friendly" countries only.
* Russian Foreign Minister Sergei Lavrov began meetings with India's leaders in New Delhi after seeing his Chinese counterpart earlier in the week, as Moscow tries to keep the Asian powers on its side. [L3N2VZ19D]
* Russia and Ukraine are due to resume peace talks online, a senior Ukrainian official said.
FIGHTING
* Ukrainian forces are preparing for new Russian attacks on the Donbas region in the southeast after they repelled Russia's assault on the capital Kyiv, President Volodymyr Zelenskiy said.
* He said the situation in the south and the Donbas remained extremely difficult and Russia was building up forces near the besieged and devastated southern port of Mariupol, where officials say some 170,000 people are trapped.
* Russia had promised an evacuation ceasefire for Mariupol after a request to Putin from French President Emmanuel Macron and German Chancellor Olaf Scholz. The International Committee of the Red Cross said it was hopeful evacuations of thousands of civilians could begin but that its teams which went in to collect people on Friday had not been allowed to take any aid.
ECONOMY
* Russian state-owned energy giant Gazprom said on Friday it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers.
* A source had told Reuters some gas contracts involved delivery before payment, suggesting the taps might not be turned off immediately.
* Banks should beware of fake news that could trigger a run on their deposits, the European Union's banking watchdog said in a warning about potential fallout from the war in Ukraine.
* Senior U.S. officials fanned out this week to press world leaders to join the campaign of sanctions and other measures to pressure Moscow, as the initial economic shock to Russia seems to be ebbing.
Get The App
* A U.S. government official shared images of what they said was damage to grain storage facilities in Ukraine, the world's fourth-largest gain exporter in the 2020/21 season.
QUOTES
* "When I came out of the basement into the street, all the houses were on fire," said 14-year-old Karina Ivashchenko, who has escaped from Mariupol to Poland. "Black smoke everywhere. All houses, all glass - it was simply gone. It was very scary. I have never seen anything like it. It was hell."
* "When our army came then I fully understood we had been liberated. It was happiness beyond imagination. I pray for all this to end and for them never to come back. "When you hold a child in your arms it is an everlasting fear," Lilia Ristich said in Irpin near Kyiv.
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.