Tag Archives: Breaking news

Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022.

Jeenah Moon | Bloomberg | Getty Images

Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also stepped down as CEO and has been replaced by John J. Ray III, though the outgoing chief will stay on to assist with the transition.

Alameda Research and approximately 130 additional affiliated companies are part of the voluntary proceedings.

“The immediate relief of Chapter 11 is appropriate to provide the FTX Group the opportunity to assess its situation and develop a process to maximize recoveries for stakeholders,” said the new FTX chief, Ray.

“The FTX Group has valuable assets that can only be effectively administered in an organized, joint process. I want to ensure every employee, customer, creditor, contract party, stockholder, investor, governmental authority and other stakeholder that we are going to conduct this effort with diligence, thoroughness and transparency,” continued Ray.

He added that stakeholders should understand that events have been fast-moving and the new team is engaged only recently and that they should review the materials filed on the docket of the proceedings over the coming days for more information.

It caps off a tumultuous week for one of the biggest names in the sector.

In the space of days, FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, customers demanded withdrawals, and rival exchange Binance ripped up its nonbinding agreement to buy the company. FTX founder Sam Bankman-Fried admitted on Thursday that he “f—ed up.”

Anthony Scaramucci, the founder of SkyBridge Capital and short-time Trump communications director, flew to the Bahamas this week to help Bankman-Fried as an investor and friend. When he got there, he says, it appeared beyond the point of a simple liquidity rescue. He said he didn’t see evidence of this mishandling when he and other investors first screened FTX as a potential business partner.

“Duped I guess is the right word, but I am very disappointed because I do like Sam,” Scaramucci said on CNBC’s Squawk Box Friday morning. “I don’t know what happened because I was not an insider at FTX.”

The Chapter 11 proceedings exclude the following subsidiaries: LedgerX LLC, FTX Digital Markets Ltd., FTX Australia Pty Ltd., and FTX Express Pay Ltd.

This is a breaking news story. Please check back for updates.

CNBC’s Jack Stebbins contributed to this report.



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Hong Kong stocks jump after China trims quarantine period, up more than 7%

Oil prices rise more than 2% on back of China easing quarantine measures

Reopening stocks jump after China’s eased Covid measures reported

China trims Covid quarantine time by two days

Chinese state media announced on Friday that the country will reduce quarantine time for international travelers by two days.

The revised rules state travelers will be required to stay at a quarantine facility for five days, shorter than the previous period of seven days, with a two day period of home observation.

— Evelyn Cheng, Lee Ying Shan

Earnings preview: Softbank to post net profit after seeing previous losses

Softbank is expected to post a net profit in upcoming quarterly earnings.

A median of forecasts predict the Japanese conglomerate to report an annualized net profit of 2.769 trillion yen ($19.5 billion) for its second quarter ending September 30, according to a Refinitiv survey.

The company posted two consecutive periods of quarterly net losses, with a 3.16 trillion yen net loss in the first quarter ending June 30 and a 2.1 trillion yen net loss in the fourth quarter ending March 30th.

— Lee Ying Shan

Hong Kong movers: Alibaba, JD.com, Tencent soar at open

Hong Kong-listed shares of Chinese technology companies popped in early Asia trade as the broader Hang Seng Index briefly added more than 6%.

Tech giants Alibaba and JD.com soared 7.94% and 10%, respectively. Tencent added 9.16%, and Meituan gained 12.26%.

— Lee Ying Shan

Currency check: Japanese yen, Chinese yuan at strengthened levels

The Japanese yen and Chinese yuan hovered around strengthened levels after the U.S. dollar index fell more than 1% overnight on a softer-than-expected inflation report.

The yen stood at 141.63 against the greenback, hovering around the strongest levels it’s seen in two months before weakening past 150 in October.

The onshore yuan was around 7.18, also trading near its strongest levels to the dollar in nearly a month.

— Jihye Lee

Asia-Pacific indexes pop at open after U.S. inflation report

CNBC Pro: Bitcoin will fall further, says fund manager — until this one catalyst kicks in

Bitcoin is down by 75% from its all-time high, and a cryptocurrency exchange is on the brink of bankruptcy. In such an environment, a bond fund manager reveals the one thing that’s needed for prices to rally.

Michael Howell from Cross Border Capital also said that due to the missing catalyst, there’s an increased risk of investors getting in a “bit too early.”

CNBC Pro subscribers can read more here.

— Ganesh Rao

CPI rises less than expected

The U.S. consumer price index — a broad measure of inflation — rose by 0.4% in October from a month ago. On a year-over-year basis, the CPI rose 7.7%.

Economists polled by Dow Jones expected a month-over-month gain of 0.6% and a year-over-year advance of 7.9%.

Excluding volatile food and energy costs, so-called core CPI increased 0.3% for the month and 6.3% on an annual basis, compared to respective estimates of 0.5% and 6.5%.

— Jeff Cox

Dollar index on pace for worst day since Dec. 2015

The U.S. dollar slid Thursday against a basket of other currencies as investors cheered October’s CPI report coming in weaker than expected, signaling that inflation may have peaked.

The dollar index shed 2%, putting it on pace for its worst daily performance since Dec. 4, 2015. If the index falls more than 2.1%, it will hit levels not seen since 2009.

This week, the dollar index is down 2.3% and is on pace for its worst week since March 2020.

—Carmen Reinicke

Biden to raise concerns about Xi’s relationship with Putin ahead of G-20 summit

The U.S. government has introduced some of its most sweeping export controls yet aiming to cut China off from advanced semiconductors. Analysts said the move could hobble China’s domestic chip industry.

Mandel Ngan | AFP | Getty Images

President Joe Biden is expected to discuss Russia’s war in Ukraine with Chinese President Xi Jinping next week in a face-to-face meeting.

The meeting between the two leaders, the first since Biden ascended to the U.S. presidency, will take place ahead of the G-20 Summit in Bali, Indonesia.

“I think the president will be honest and direct with President Xi about how we see the situation in Ukraine with Russia’s war of aggression,” a senior Biden administration official told reporters on a call.

“This is a topic that the president and President Xi have spoken about several times before. They spoke about it extensively in March in their video call and then they spoke about it again in July, so it’s part of an ongoing conversation between the two of them,” added the official, who spoke on the condition of anonymity.

— Amanda Macias

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Latest news on Russia and the war in Ukraine

Situation is ‘difficult’ along the entire front, Zelenskyy says

Ukraine’s President Volodymyr Zelenskyy said that news updates on Ukraine’s progress at the front line of fighting with Russia might have decreased of late, but fighting remains intense.

“In the information space, there is still a certain decrease in the number of news coming from the frontlines. There are fewer reports than for example at the beginning of the fall. But this does not mean that the intensity of the fighting has decreased,” Zelenskyy said in his nightly address Tuesday.

In the last few months, Ukraine launched successful counteroffensives in both the east of the country, around Kharkiv and southward toward Donetsk, as well as in the southern Kherson region, and made sizeable gains in the east in particular.

Ukrainian soldiers of an artillery unit fire toward Russian positions outside Bakhmut on Nov. 8, 2022.

Bulent Kilic | AFP | Getty Images

In recent weeks, however, the fighting appears to have entered a period of stalemate with neither side making any dramatic advances. Nonetheless, fighting remains intense around the Bakhmut and Avdiivka areas of Donetsk, a factor touched upon by Zelenskyy last night.

“The situation is difficult on the entire front. Fierce positional battles continue in some areas, as before. And it is especially difficult in Donetsk region, as before. The occupiers are suffering extremely large-scale losses, but their order to move to the administrative border of Donetsk region has not changed. We are not surrendering a single centimeter of our land there,” he said.

In the partially occupied Kherson region in southern Ukraine, Zelenskyy said “we strengthen our positions, break Russian logistics, and consistently destroy the enemy’s potential to keep the south of our country under occupation” while in the east of the country “step by step we are moving towards the return of the Ukrainian flag to all our cities and communities. We are also actively strengthening the border.”

— Holly Ellyatt

Damaged Crimean bridge unlikely to be fully operational until Sept. 2023, UK says

Russian efforts to repair the Crimean Bridge — which links mainland Russia to the Ukrainian peninsula Moscow illegally annexed in 2014 — continues, “but it is unlikely to be fully operational until at least September 2023,” according to Britain’s Ministry of Defense.

The bridge, a source of pride for Moscow, was partially damaged in early October following an explosion that Russia blamed on Ukraine, although Kyiv did not claim responsibility for the attack. Two road spans of the bridge were severely damaged, partially collapsing into the Kerch Strait below. The railway span was damaged by fire.

Black smoke billows from a fire on the Kerch bridge that links Crimea to Russia, after a truck exploded, near Kerch, on Oct. 8, 2022.

– | Afp | Getty Images

The U.K. defense ministry noted that, on Nov.8, the road bridge was due to be closed to allow the movement and installation of a replacement 64-meter span, and that three more spans will be required to replace the damaged road sections of the bridge. Repairs are likely to take longer than expected, however.

“Although Crimean officials have claimed these additional spans will be in place by 20 December, a briefing provided to President Putin added that works to the other carriageway would cause disruption to road traffic until March 2023,” the ministry said on Twitter.

“Replacement of the damaged rail bridge has been contracted for completion by September 2023, although Russia’s Deputy Prime Minister stated the repair timeline would be expedited,” it noted. With only track open, rail transport remains restricted and repair activity will be heavily dependent on weather conditions during the winter.

This picture taken on October 13, 2022 shows workers restoring damaged parts of the Kerch Bridge that links Crimea to Russia, which was hit by a blast on October 8, 2022.

Stringer | Afp | Getty Images

“The Crimean bridge attack has disrupted Russian logistics supplies for Crimea and southern Ukraine, reducing Russia’s ability to move military equipment and troops into the area by rail or road,” the ministry noted.

The damage to the bridge, coupled with the recent attack on the Black Sea Fleet in Sevastopol and the probable withdrawal from Kherson in southern Ukraine, “all complicate the Russian government’s ability to paint a picture of military success,” the ministry said.

— Holly Ellyatt

Backlog of 80 ships waiting to transport agricultural goods from Ukraine

Ships, including those carrying grain from Ukraine and awaiting inspections are seen anchored off the Istanbul coastline on October 14, 2022 in Istanbul, Turkey.

Chris Mcgrath | Getty Images

The organization overseeing the export of Ukrainian agriculture products said there is a backlog of 80 vessels waiting to be loaded with cargo.

The U.N.-led Joint Coordination Center also said that about 13 loaded vessels are waiting for inspection in Turkish territorial waters.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and saw the reopening of three key Ukrainian ports. Since the deal with signed, more than 430 ships carrying a total of 10.1 million metric tons of grain and foodstuffs have left for destinations around the world.

Kyiv has previously blamed Moscow for holding up inspections and delaying vessel movements.

— Amanda Macias

NATO chief calls on Russia to respect and renew Black Sea Grain deal

Stoltenberg has said NATO’s updated Strategic Concept will likely refer to Russia as the “most significant and direct threat” to security.

Anadolu Agency | Anadolu Agency | Getty Images

NATO Secretary General Jens Stoltenberg called on Russia to “respect the grain agreement and to continue it.”

“Russia’s weaponization of food and energy as part of its illegal war in Ukraine underlines the need to increase resilience, diversify energy supplies and sources and accelerate the transition to cleaner, greener economies,” Stoltenberg said in remarks at the United Nations Climate Change Conference, known as COP27.

Before Moscow’s full-scale invasion of its ex-Soviet neighbor, Ukraine and Russia accounted for almost a quarter of global grain exports, until those shipments came to a severe halt for nearly six months.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and saw the reopening of three key Ukrainian ports. Since the deal with signed, more than 10 million metric tons of grain and foodstuffs have left for destinations around the world.

Read more about the Black Sea Grain Initiative here.

— Amanda Macias

Ukraine imposes emergency power shutdowns as it struggles to cope with demand

Ukraine’s national energy company has imposed further restrictions on power use in the country as the country’s damaged power networks struggle to meet demand as the cold sets in.

National Energy Company Ukrenergo said on Telegram Tuesday that “emergency shutdowns” have been applied in the city of Kyiv, as well as in the surrounding region, and the Chernihiv, Cherkasy, Zhytomyr, Sumy, Kharkiv and Poltava regions.

“Additional restrictions on consumption are necessary because, due to falling temperatures, consumption of electricity increases, which leads to an increase in the load on equipment and a shortage of electricity in the power system,” it said.

A worker examines damage as he repairs power line equipment destroyed after a missile strike on a power plant, in an undisclosed location of Ukraine, on Oct. 27, 2022.

Sergei Supinsky | AFP | Getty Images

Ukraine’s energy network is under immense pressure following daily Russian assaults on the country’s energy infrastructure, particularly with the use of drones to attack facilities like substations. That has meant that energy company repair teams have been working round the clock to restore power to a number of regions.

Ukrenergo’s CEO Volodymyr Kudrytskyi said yesterday that the regions of Kyiv and Kharkiv were experiencing the most difficulties with emergency shutdowns being imposed as well as scheduled shutdowns

“The key task of Ukrenergo today is to repair the trunk networks in the central and northern regions so that the necessary amounts of power from power plants from other regions can be transferred there,” he said yesterday.

— Holly Ellyatt

Ukrainian prime minister says Ukraine has saved enough energy resources to prepare for upcoming winter season

A woman rides a bicycle past a damaged building in the town of Kupiansk on Nov. 3, 2022, Kharkiv region, amid the Russian invasion of Ukraine.

Dimitar Dilkoff | Afp | Getty Images

Ukrainian Prime Minister Denys Shmyhal said Ukraine has enough accumulated energy resources to get through the colder season.

“A relatively mild fall and the saving of energy resources allow for more gas to be pumped in than is withdrawn from gas storages,” he said, according to an NBC News translation.

He added that Ukraine has approximately 14.6 billion cubic meters of gas in its reserves.

— Amanda Macias

Ukrainian official calls for more weapons amid counteroffensives against Russians

The secretary of Ukraine’s National Security and Defense Council called for more “modern air defense, aircraft, tanks and long-range missiles.”

“Russian missiles must be destroyed before launch in the air, on land and at sea,” Oleksiy Danilov wrote on Twitter.

— Amanda Macias

Evacuate or freeze? Kyiv braces for worst case of a winter without power

A local resident Olena Kushnir stands in front of ammunition boxes near her destroyed house, amid Russia’s attack on Ukraine, in the village of Nova Husarivka, recently liberated by Ukrainian Armed Forces, in Kharkiv region, Ukraine September 15, 2022.

Gleb Garanich | Reuters

Millions are already without power in Ukraine’s capital, and with further Russian attacks on energy infrastructure feared, Kyiv is bracing for the prospect of a winter without electricity, gas and water.

That has left officials and residents to confront a scenario in which civilians may be forced to consider leaving their homes to flee the freezing cold. 

Kyiv Mayor Vitali Klitschko appealed to the city’s 3 million residents to be prepared for a worst-case scenario, including making arrangements that would allow them to relocate and stay with friends or relatives elsewhere if it comes to it.

“We are doing everything to avoid this. But let’s be frank, our enemies are doing everything for the city to be without heat, without electricity, without water supply, in general, so we all die,” he told state media during a telethon.

“The future of the country and the future of each of us depends on how prepared we are for different situations,” he added.

During winter, Kyiv sees temperatures plunge below the freezing point, making the potential for power outages in the coming months particularly alarming.

Read more on NBC News.

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Twitter Employees Start To Learn About Layoffs – NBC News

  1. Twitter Employees Start To Learn About Layoffs NBC News
  2. Latest Stock Market News: October jobs report strong, Musk to begin mass Twitter layoffs, Starbucks shares jump on record sales, inflation tops voters’ concerns | November 04, 2022 | Live Updates from Fox Business Fox Business
  3. The Twitter layoffs were handled terribly, says Big Tech’s Alex Kantrowitz CNBC Television
  4. Massive layoffs begin at Twitter one week after Elon Musk takeover; lawsuit filed by employees KGO-TV
  5. Twitter, cut in half – by Casey Newton and Zoë Schiffer Platformer
  6. View Full Coverage on Google News

Read original article here

The Twitter layoffs were handled terribly, says Big Tech’s Alex Kantrowitz – CNBC Television

  1. The Twitter layoffs were handled terribly, says Big Tech’s Alex Kantrowitz CNBC Television
  2. Twitter employees panicking with no communication from Musk Business Insider
  3. Twitter Employees Start To Learn About Layoffs NBC News
  4. Latest Stock Market News: October jobs report strong, Musk to begin mass Twitter layoffs, Starbucks shares jump on record sales, inflation tops voters’ concerns | November 04, 2022 | Live Updates from Fox Business Fox Business
  5. Twitter Employees Informed Via Email that Mass Layoffs Will Start Friday | THR News The Hollywood Reporter
  6. View Full Coverage on Google News

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Latest news from Russia and the war in Ukraine

U.S. Defense secretary says Ukraine capable of retaking Kherson from Russia

A bridge and dam of hydro are seen after clashes in the village of Velyka Oleksandrivka in Kherson, Ukraine.

Wolfgang Schwan | Anadolu Agency | Getty Images

U.S. Defense Secretary Lloyd Austin said he is confident Ukrainian forces are capable of retaking Kherson from Russia.

“On the issue of whether or not the Ukrainians can take the remaining territory on the west side of the Dnieper River in Kherson, I certainly believe that they have the capability to do that,” Austin told reporters at the Pentagon.

“Most importantly, the Ukrainians believe they have the capability to do that. We’ve seen them engage in a very methodical but effective effort to take back their sovereign territory.”

— Natalie Tham

Russia softens nuclear rhetoric over Ukraine

Russian President Vladimir Putin attends a news conference following the Commonwealth of Independent States (CIS) leaders’ summit in Astana, Kazakhstan October 14, 2022.

Ramil Sitdikov | Sputnik | via Reuters

Is Russian President Vladimir Putin stepping back from the nuclear ledge?

After weeks of apocalyptic atomic innuendo, Russia issued a bland statement Wednesday reaffirming its long-standing policies on the use of nuclear weapons — a possible sign that the Kremlin is trying to cool the escalatory rhetoric it used throughout October.

“Russia is strictly and consistently guided by the tenet that a nuclear war cannot be won and must never be fought,” said the statement on the Russian Foreign Ministry website.

The statement added that Russian nuclear doctrine was unambiguous and did not allow for “expansive interpretation,” indicating Moscow may be trying to walk back a number of statements calling the doctrine into question.

The statement also included an appeal for talks about the kinds of “security guarantees” Russia had demanded of NATO before it invaded Ukraine in February. 

Read more on NBC News.

Ukraine agriculture exports top 10 million metric tons since ports reopened under U.N.-backed deal

The basic food security of tens of millions across the globe hung by a thread this week as the United Nations, Turkey and Ukraine desperately worked to preserve a deal that has permitted Ukrainian grain to move through the Black Sea.

Before Moscow’s full-scale invasion of its ex-Soviet neighbor, Ukraine and Russia accounted for almost a quarter of global grain exports, until those shipments came to a severe halt for nearly six months.

The Black Sea Grain Initiative eased Russia’s naval blockade and saw the reopening of three key Ukrainian ports. 

Last week, Moscow suspended its participation in the Black Sea Grain Initiative citing retaliation for what it called Kyiv’s “act of terrorism” against Russian warships. Russia rejoined the humanitarian agreement on Wednesday — but with the caveat that the Kremlin may decline to renew the deal, which is set to expire in two weeks.

Here’s a look at what Ukraine is exporting and to where:

Ukraine will not participate in the G-20 summit if Putin is there

President of Ukraine Volodymyr Zelenskyy visits the Kharkiv region for the first time since Russia started the attacks against his country on February 24, in Kharkiv region, Ukraine on May 29, 2022.(Photo by Ukrainian Presidency/Handout/Anadolu Agency via Getty Images)

Ukrainian Presidency | Anadolu Agency | Getty Images

Ukrainian President Volodymyr Zelenskyy said that his war-weary country will not participate in the G-20 summit if Russian President Vladimir Putin attends.

“My personal position and the position of Ukraine was that if the leader of the Russian Federation participates then Ukraine will not participate. Let’s see how it will be in the future,” Zelenskyy said on the Telegram messaging app, according to an NBC News translation.

“Today we were invited again. We’ll see, there are a few days left,” Zelenskyy added.

— Amanda Macias

Deputy Treasury secretary to meet with counterparts in Paris, London and Brussels about war in Ukraine

Wally Adeyemo, deputy U.S. Treasury secretary, speaks during a news conference at the Department of Justice in Washington, D.C., U.S., on Monday, Nov. 8, 2021.

Ting Shen | Bloomberg | Getty Images

Deputy Treasury Secretary Wally Adeyemo will travel to Paris, London and Brussels next week to “continue close coordination with allies on sanctions against Russia for its brutal war against Ukraine.”

In meetings with government counterparts, he will discuss sanctions and export controls on Russia in order to “redouble efforts to deny Putin the revenue and military equipment he needs to further his illegal war,” according to a Treasury readout.

“Adeyemo will also discuss maintaining strong support for the Ukrainian government and people through direct economic assistance, as well as close coordination on implementing a price cap on Russian oil that will facilitate the flow of Russian oil onto global markets at lower prices and cut into Putin’s main source of revenue,” Treasury added.

He will also discuss concerns regarding higher energy prices and exacerbated food insecurity, triggered in part by Russia’s war in Ukraine.

— Amanda Macias

U.S. Embassy officials in Moscow met with detained WNBA star Griner

U.S. basketball player Brittney Griner, who was detained at Moscow’s Sheremetyevo airport and later charged with illegal possession of cannabis, looks on inside a defendants’ cage before a court hearing in Khimki outside Moscow, Russia August 2, 2022.

Evgenia Novozhenina | Reuters

U.S. Embassy officials in Moscow met with detained WNBA star Brittney Griner, the White House said.

The Biden administration was “told she is doing as well as can be expected under the circumstances,” press secretary Karine Jean-Pierre told reporters.

She reiterated that the U.S. made a “significant offer” to Russia for the release of both Griner and former Marine Paul Whelan. The Biden administration has since proposed alternatives to secure the U.S. citizens’ return, Jean-Pierre added.

A Russian court last month denied Griner’s appeal of a nine-year prison sentence she received after authorities found vape cartridges containing cannabis oil in her luggage at a Russian airport. The Biden administration has called Griner wrongfully detained and said her prison sentence is unacceptable.

— Jacob Pramuk

Bulgaria’s parliament approves military aid for Ukraine

A majority of Bulgaria’s lawmakers approved sending the country’s first military aid to Ukraine.

The National Assembly voted 175-49 with one abstention in favor of a proposal submitted by four pro-European Union parties. The government has now one month to decide what kind of weapons Bulgaria can provide without affecting its own defense capabilities.

Bulgaria previously agreed to repair Ukrainian military equipment at its factories but refused to send weapons directly due to opposition from President Rumen Radev and the country’s Moscow-friendly political parties.

Along with Hungary, Bulgaria was the only EU member country that had declined to give Ukraine weapons as it fights Russia’s invasion and war.

“More weapons mean more war,” Bulgarian Socialist Party leader Kornelia Ninova said, explaining why her party’s lawmakers voted against the proposal.

The heated debate that preceded the vote reflected the divisions in Bulgaria since Russia invaded its neighbor. Even though the country belongs to both NATO and the EU, many Bulgarians harbor strong sympathies for Russia that are rooted in a history, culture, and religion. Bulgaria also relies heavily on Russian energy supplies.

— Associated Press

IAEA investigation finds no indication of undeclared nuclear materials in Ukraine

Ukraine’s President Volodymyr Zelenskyy shakes hands with International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi, who is to head a planned mission to the Zaporizhzhia nuclear plant, as Russia’s attack on Ukraine continues, in Kyiv, Ukraine August 30, 2022.

Ukrainian Presidential Press Service | via Reuters

The International Atomic Energy Agency concluded its inspection of three nuclear sites in Ukraine and said it found no evidence of undeclared nuclear activities or materials.

“Over the past few days, the inspectors were able to carry out all activities that the IAEA had planned to conduct and were given unfettered access to the locations,” the IAEA said in a statement. “Based on the evaluation of the results available to date and the information provided by Ukraine, the Agency did not find any indications of undeclared nuclear activities and materials at the locations.”

The inspectors also collected environmental samples, which will provide additional information on the presence, both past and present, of nuclear materials, according to the agency.

IAEA Director General Rafael Grossi “stressed that the IAEA remained ready to conduct further such verification activities in Ukraine to verify the absence of undeclared activities and materials and thereby deter any misuse of such materials,” according to the statement.

Following the announcement, Ukrainian Foreign Affairs Minister Dmytro Kuleba tweeted that the results of the inspection confirmed Russia’s “status of the world’s top liar.”

Ukraine requested the inspections to dispel Russian Defense Minister Sergei Shoigu’s claims that Ukraine was planning to use a “dirty bomb,” which contaminates surrounding areas with radiation, making them uninhabitable.

— Rocio Fabbro

Illegal evacuation of Ukrainians from Kherson continues as Russian soldiers move in, Ukraine’s Defense Ministry says

People attend an event marking the declared Russia’s annexation of the Russian-controlled territories of four Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions, after holding what Russian authorities called referendums in the occupied areas of Ukraine that were condemned by Kyiv and governments worldwide, in Luhansk, Russian-controlled Ukraine, September 30, 2022.

Alexander Ermochenko | Reuters

The Russian evacuation of Ukrainian citizens from Kherson is still taking place through forced displacement tactics, according to Ukraine’s Defense Ministry.

“To encourage people to move, they are offered so-called ‘housing certificates’ for the purchase of housing in the Russian Federation,” the ministry said in a Telegram post.

Local residents are “forcibly evicted” from their homes, as Russian plain-clothed soldiers move into vacated apartments and houses, the ministry said.

Children were removed from boarding schools in Kherson and taken to Crimea, the ministry said. Other Russian “collaborators and representatives” have also been resettled in boarding houses along the Arabat Spit, which lines the Sea of Azov on the northeastern border of Crimea.

The Russian military “is searching for vacant premises for resettlement” in occupied areas of Ukraine, the ministry said.

Human Rights Watch released a report on Sept. 1 detailing the forcible transfer of civilians from Ukraine’s Mariupol and the Kharkiv region to Russia and Russian-occupied territories. Forced displacement and transfer of civilians, as described in the report, is a violation of international humanitarian law and can be prosecuted as a war crime.

— Rocio Fabbro

7 vessels carrying agricultural products to leave Ukraine as part of revived export pact

A photograph taken on October 31, 2022 shows a cargo ship loaded with grain being inspected in the anchorage area of the southern entrance to the Bosphorus in Istanbul.

Ozan Kose | AFP | Getty Images

The organization overseeing the export of Ukrainian agriculture products said that seven vessels will depart the besieged country, adding to the haul that has gone out since Russia agreed to rejoin a pact that secured shipping routes.

The ships leaving under the Black Sea Grain Initiative are carrying 290,102 metric tons of grain and food products.

Three vessels are destined for China, one will travel to Spain and another to Oman. One ship will arrive in Italy and another will travel to The Netherlands.

On Saturday, Moscow suspended its participation in the Black Sea Grain Initiative, citing retaliation for Kyiv’s “act of terrorism” against Russian warships. Moscow returned to the deal on Wednesday.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and saw the reopening of three key Ukrainian ports.

— Amanda Macias

‘We do not want to see more weapons go into that theater,’ U.N. says of U.S. claims that North Korea may supply Russia with weapons

Stephane Dujarric, spokesperson for the UN Secretary-General attends a press briefing at UN Headquarters.

Lev Radin | Pacific Press | Lightrocket | Getty Images

The United Nations said it was concerned about reports that North Korea is preparing to transfer weapons to Russia for its war in Ukraine.

“Our feeling is that we do not want to see more weapons go into that theater,” Stephane Dujarric, a spokesman for the U.N. secretary-general, said during a daily press briefing.

Dujarric’s comments follow White House allegations that North Korea has agreed to supply Russian President Vladimir Putin with weapons.

“We don’t believe that this will change the course of the war,” National Security Council spokesman John Kirby told reporters on a conference call.

“It’s certainly not going to change our calculus,” Kirby said, adding that the U.S. and its allies will continue to supply Kyiv with more weapons.

Kirby said that the U.S. also had indications that Iran was preparing to send Russia more drones as well as surface-to-surface missiles.

Iran and Russia have sharply denied reports that Tehran supplied Moscow with a fleet of drones for use in Ukraine, and the Kremlin has repeatedly denied that it uses Iranian-made drones to target residential and other civilian areas.

— Amanda Macias

Ukraine says it trusts Musk’s Starlink but is looking for other providers

Elon Musk said Friday that SpaceX cannot continue fund Starlink terminals in Ukraine “indefinitely” in light of the cost. However, Musk, who is also CEO of electric car company Tesla, he said Saturday that SpaceX will keep funding the Ukrainian government “for free” even though Starlink is “still losing money.”

Adrees Latif | Reuters

Ukraine trusts Elon Musk to continue providing internet access through his SpaceX rocket company’s Starlink satellite system despite a wobble last month, but is also seeking additional providers, one of its deputy prime ministers said.

Mykhailo Fedorov, in Portugal for Europe’s largest tech conference, the Lisbon Web Summit, said Ukraine had discussed Starlink directly with Musk and was confident the Tesla and Twitter boss would not shut the service down in Ukraine.

Starlink has “worked, is working and will definitely work in Ukraine”, Federov, who runs Ukraine’s digital transformation ministry, told a news conference in response to a question about the service from Reuters. “Elon Musk publicly spoke about this and we had a conversation with him about it, so we do not see a problem in this regard,” Fedorov said.

“One of the reasons why I came to the Web Summit is also to look for new partners and continue to develop and engage with new partners,” he said.

SpaceX activated Starlink over Ukraine after Russia’s invasion in February and has since provided Kyiv with thousands of terminals, allowing Ukrainians to hook up to the internet in places out of reach of the domestic telecoms system. The links are used both by civilians and by Ukraine’s military.

— Reuters

Russian troops are frustrated with combat vehicles they call aluminum cans, UK says

Destroyed russian Infantry fighting vehicle near the road in Kharkiv region, Ukraine. October 02, 2022.

Nurphoto | Nurphoto | Getty Images

Russian soldiers fighting in Ukraine are likely to be frustrated that they are forced to serve in old infantry combat vehicles, according to the U.K.’s Ministry of Defence.

In its latest intelligence update, the ministry said troops often refer to such vehicles as aluminum cans, and that Russia was losing armored vehicles at a rapid rate.

“In mid-October, in the face of Ukrainian offensives, Russian armoured vehicles losses increased to over 40 a day: roughly equivalent to a battalion’s worth of equipment,” the ministry noted on Twitter.

“In recent weeks Russia has likely resorted to acquiring at least 100 additional tanks and infantry fighting vehicles from Belarussian stocks.”

Armored units and artillery are central to Russia’s way of war, the U.K. said, and Russia’s forces were “now struggling partially due to difficulties in sourcing both artillery ammunition and sufficient serviceable replacement armoured vehicles.”

— Holly Ellyatt

Russian-installed official: Russian units likely to quit west bank of Dnipro river

A Russian-installed official in Ukraine’s southern Kherson region said on Thursday that Russia’s armed forces were likely to quit the western bank of the Dnipro river, where Moscow has been evacuating citizens in recent weeks.

“Most likely our units, our soldiers, will leave for the left (eastern) bank,” Kirill Stremousov, the Russian-installed deputy civilian administrator of the Kherson region, said in an interview with Solovyov Live, a pro-Kremlin online media outlet.

The city of Kherson, the only major Ukrainian city that Russian forces have captured intact, is located on the western bank of the Dnipro. Damage to the main river crossings means Russian units are at risk of being pinned against the river by the advancing Ukrainian army.

People arrived from Kherson wait for further evacuation into the depths of Russia inside the Dzhankoi’s railway station in Crimea on October 21, 2022.

Stringer | Afp | Getty Images

Stremousov urged civilians remaining in the city to leave immediately, saying they were putting their lives in danger. Russia has ferried thousands across the river in recent weeks, in what Kyiv says amounts to forced deportation.

However, Ukrainian troops on the front line last week said they saw no evidence that Russian forces were withdrawing and said they were, in fact, reinforcing their positions.

— Reuters

Russia-Ukraine prisoner exchange set to go ahead, official says

Russia and Ukraine are set to exchange 214 prisoners of war on Thursday, according to a Russian-backed official.

Denis Pushilin, the Russian-backed administrator of occupied parts of Ukraine’s eastern Donetsk region, said on Telegram Thursday that both sides would exchange 107 prisoners each.

“Today we are retrieving 107 of our fighters from Ukrainian dungeons. We are giving Ukraine the same number of prisoners,” he said, adding that 65 of the prisoners are from the self-proclaimed, Russian-backed “Donetsk and Luhansk People’s Republics.”

Soldiers are seen as both Russia and Ukraine confirmed that they exchanged more prisoners of war in Kyiv, Ukraine on October 29, 2022.

Anadolu Agency | Anadolu Agency | Getty Images

Ukraine and Russia have carried out several prisoner swaps over the course of the war, the last one taking place in late October. Both Ukraine and Russia often refer to captured soldiers as replenishing their respective “exchange funds.”

— Holly Ellyatt

Russia undecided on whether to extend grain export deal

The Malta flagged bulk carrier Zante en-route to Belgium transits the Bosphorus carrying 47,270 metric tons of rapeseed from Ukraine after being held at the entrance of the Bosphorus due to Russia pulling out of the Black Sea Grain agreement on November 02, 2022 in Istanbul, Turkey.

Chris Mcgrath | Getty Images

The Kremlin said it has not yet decided on whether to extend a grain export deal with Ukraine, despite deciding Wednesday to resume its participation in the “Black Sea Grain Inititative.”

The current deal is due to expire on Nov. 19 unless both Russia and Ukraine decide to renew the deal, which has enabled over 9 million tons of grains and foodstuffs to be exported from the war-torn country. The deal was brokered by the U.N. and Turkey and is overseen by their officials as well as those from Russia and Ukraine.

Russia had suspended its participation in the deal last Saturday, accusing Ukraine of using the established humanitarian corridor for military purposes, but rejoined on Wednesday saying it had received guarantees from Ukraine.

Kremlin spokesman Dmitry Peskov waits to watch the Victory Day military parade at Red Square in central Moscow on May 9, 2022.

Kirill Kudryavtsev | Afp | Getty Images

Kremlin Press Secretary Dmitry Peskov told reporters Thursday that Moscow’s renewed participation in the deal did not necessarily mean it would be renewed.

Of course, we still have to discuss the issue of extension officially, the deadline has not expired yet, it is still working … but by the 19th, before making a decision to continue, it will be necessary to assess the effectiveness of the implementation of the deal. And only then can a decision be made.”

Peskov said Turkey had been given guarantees to Moscow that the corridor would not be used for military purposes, an accusation Ukraine denies in any case, and praised Ankara’s work on maintaining the deal, noting “Turkey’s participation in this is the main factor of trust.”

— Holly Ellyatt

Possible North Korea-Russia arms deal prompts concern

South Korea has said it is concerned about evidence of an arms deal between North Korea and Russia, after the White House accused the regime in Pyongyang of covertly shipping artillery shells to Russia.

Seoul’s foreign ministry told NBC Thursday that the government “is concerned about circumstantial evidences pointing to the arms deal between NK and Russia.” The ministry said it was monitoring the situation very closely and “maintained a close communication with our allies including the U.S.”

“All arms trading with NK is banned under the UNSC resolutions no.1718,” the ministry added.

North Korea leader Kim Jong Un (L) attends a meeting with Russian President Vladimir Putin (R) in Vladivostok, Russia, on April, 25, 2019.

Kremlin | Handout | Anadolu Agency | Getty Images

On Wednesday, the U.S.’ National Security Council spokesman John Kirby said the White House believes North Korea is covertly supplying a “significant number” of artillery shells to Russia for use in Ukraine, NBC News reported.

“We are going to monitor to see whether the shipments are received,” Kirby said. “It is not an insignificant number of shells, but we don’t believe they are in such a quantity that they would change the momentum of the war,” he added.

A police expert holds a fragment of a drone with a handwritten inscription that reads “For Belgorod. For Luch,” after a drone attack in Kyiv on Oct. 17, 2022.

Sergei Supinsky | Afp | Getty Images

Hampered by international sanctions, Russia appears to be increasingly reliant on countries like Iran and North Korea for weapons, such as Iranian explosive-laden drones, to continue its war on Ukraine. North Korea and Iran deny they have made any arms deals with Russia.

— Holly Ellyatt

Russia summons British ambassador over drone strike on Crimea

Russia summoned the British ambassador on Thursday over Moscow’s claim that British navy personnel were involved in a Ukrainian drone attack on Russia’s Black Sea Fleet in Crimea.

Ambassador Deborah Bronnert arrived at the foreign ministry shortly after 1030 local time (0730 GMT) as a small crowd chanted anti-British slogans and held up placards reading “Britain is a terrorist state.”

Bronnert was inside the ministry for around 30 minutes, a Reuters journalist at the scene said. There was no immediate statement from either Russia or Britain on the details of what was discussed.

Russian President Vladimir Putin (C) and the British ambassador to Russia, Deborah Jane Bronnert (L) in the Kremlin in Moscow on February 5, 2020.

Alexey Nikolsky | Afp | Getty Images

Russian foreign ministry spokeswoman Maria Zakharova said on Wednesday the ambassador was to be summoned over Saturday’s drone attack on Crimea, which Russia annexed from Ukraine in 2014.

Britain says the claims are false. After the drone attack, Russia temporarily suspended participation in a U.N.-brokered Black Sea Grain deal.

Russia casts Britain as a particularly perfidious Western power which President Vladimir Putin says is plotting to destroy Russia and carve up its vast natural resources.

After Russia invaded Ukraine, Britain, along with the United States and the European Union, imposed some of the most severe sanctions in history and supplied weapons to help Ukraine.

Russia’s defence ministry said that British navy personnel blew up the Nord Stream gas pipelines, a claim that London said was false and designed to distract from Russian military failures in Ukraine.

— Reuters

Zaporizhzhia nuclear power plant running on diesel generators, again

This photo taken on Sept. 11, 2022, shows a security person standing in front of the Zaporizhzhia Nuclear Power Plant in Enerhodar, Zaporizhzhia, amid the Ukraine war.

Stringer | Afp | Getty Images

The Russian-occupied Zaporizhzhia nuclear power plant in southern Ukraine is operating on diesel generators again after being disconnected from the Ukrainian power grid following Russian shelling, Ukraine’s nuclear energy company said Thursday.

In a post on Telegram, Energoatom said that shelling by Russian forces on Wednesday had damaged the last two high-voltage lines connecting the plant to the Ukrainian grid, and that Russia wanted to connect the plant to the Russian grid.

“At 11:04 pm [Wednesday], the power plant went to full black-out mode. All 20 diesel generators started operating,” Energoatom said. Although the plant’s six reactors are shut down, power is still needed for cooling and safety operations.

Energoatom said it had 15 days’ worth of fuel to operate the diesel generators while the plant is in blackout mode.

“The countdown has begun. Due to the occupation of the plant and the interference of Rosatom [Russia’s state nuclear energy company] representatives in its operation, the opportunities of the Ukrainian side to maintain the ZNPP in a safe mode are significantly limited,” it said.

The Zaporizhzhia NPP was occupied by Russian forces earlier this year, and has been a pawn in the war, with both sides accusing each other of shelling and endangering the plant, which is Europe’s largest nuclear power plant. International atomic energy experts have warned the potential for a disaster is high given active hostilities around and near the plant.

— Holly Ellyatt

Ukraine’s first lady urges West to provide more weapons ahead of winter

First Lady of Ukraine Olena Zelenska during at opening night of Web Summit 2022 in Lisbon, Portugal on November 1, 2022.

Rita Franca | Nurphoto | Getty Images

Ukrainian first lady Olena Zelenska on Wednesday called on Western leaders to offer more military support as the country continues to defend itself against Russia’s onslaught.

Zelenska urged the international community not to grow fatigued by the war, saying allied countries must fight the aggressor together.

“I understand that these are outside the duties of first ladies, but we are already outside the normal protocols because of the war,” Zelenska told CNBC’s Karen Tso, according to a translation.

“Ukraine needs more weapons, more military assistance,” she said, calling specifically for air defense missiles.

— Karen Gilchrist

Russia’s economic decline deepens in September

Wholesale food market in Moscow.

Picture Alliance | Picture Alliance | Getty Images

Russia’s monthly economic downturn continued in September with gross domestic product declining by 5% year on year, according to the latest data from Russia’s Ministry of Economic Development, reported by state news agency Interfax.

The decline in economic output in September followed a 4% year-on-year decline in August, and a 4.3% decline in July.

According to the ministry, the decline in Russia’s GDP in the third quarter of 2022 amounted to 4.4% in annual terms, after a decline of 4.1% in the second quarter and growth of 3.5% in the first quarter.

Russia has been laboring under the weight of international sanctions on key sectors, businesses and individuals for months following its invasion of Ukraine, although it was subject to other economic sanctions before the war for other reasons, including alleged U.S. election interference, cyberattacks and its annexation of Crimea in 2014.

Russian consumers are facing considerable living costs as inflation remains high, with the rate at 12.9% in October, although it has been gradually declining (inflation stood at 14.3% in August) after the central bank raised interest rates to tackle price rises.

Russia has insisted that its economy is able to circumnavigate the challenges posed by sanctions and, as a major oil and gas exporter, has been able to maintain revenue streams from the exports of those commodities to economic partners in Asia, particularly India and China.

Still, Western agencies like the Organisation for Economic Cooperation and Development, IMF and World Bank expect Russia’s economic decline to be significant this year. Between them, they have forecast that Russia’s GDP could drop by at least 5.5% in the best-case scenario to almost 9% in the worst-case scenario.

For its part, Russia’s ministry forecast that Russia’s economic output would decline by 2.9% in 2022 and by 0.8% in 2023, before growing by 2.6% in 2024 and 2025, Interfax reported.

— Holly Ellyatt

Russian military leaders reportedly considered using tactical nukes in Ukraine

CNBC’s Shep Smith looks at reports that Russian military leaders recently discussed the possibility of using a tactical nuclear weapon in Ukraine.

Putin confirms resumption of Black Sea Grain Initiative, but says Russia could withdraw again

Russian President Vladimir Putin attends a news conference following the Commonwealth of Independent States (CIS) leaders’ summit in Astana, Kazakhstan October 14, 2022.

Ramil Sitdikov | Sputnik | via Reuters

Russian President Vladimir Putin said that despite Russia’s return to the Black Sea Grain Initiative, it “reserves the right to withdraw” from the deal if Ukrainian guarantees are not met.

Russia suspended its participation in the grain deal over the weekend, after claiming a Ukrainian drone attacked its Black Sea fleet in Crimea. Ukraine did not claim responsibility for the attack, which some Ukrainian officials blamed on Russian soldiers mishandling their own weapons.

“We demanded assurances and guarantees from the Ukrainian side that nothing like this will happen in the future,” Putin said in a meeting with permanent members of the Russian Security Council.

“I have given instructions to the Ministry of Defense to resume our full participation in this work,” he added. “At the same time, Russia reserves the right to withdraw from these agreements if these guarantees are violated by Ukraine.”

Early in the war, Russia relied on its Black Sea fleet to launch missiles deep into Ukraine, but the fleet drew back into a defensive position after a series of embarrassing attacks this spring by Ukrainian forces.

Before last weekend’s drone attack, analysts noted that Russia already appeared to be laying rhetorical groundwork for withdrawing from the deal, before reversing course this week.

The grain is critical to feeding populations in some of the world’s poorest countries, and a return to a full blockade could have brought famine to millions in Asia and the Middle East.

Putin also committed to delivering the “entire volume” of grain that has been delivered from Ukraine to the poorest countries “free of charge,” if Russia withdraws from the deal in the future.

— Rocio Fabbro

Agricultural shipments continue from Ukraine as grain deal resumes

Video credit: Burak Kara | Getty Images

The bulk carrier Asl Tia is shown transiting Turkey’s Bosphorus Strait, carrying 39,000 metric tons of sunflower meal from Ukraine on Wednesday. The vessel is on its way to China.

Russia on Tuesday rejoined a deal that gives safe passage to grain shipments from Ukraine, which Russia invaded in February. Russia has severely disrupted Ukraine’s agricultural output and prior to the deal was blockading outbound vessels. The deal was brokered by Turkey and the UN.

The Kremlin said it was leaving the deal over the weekend after Ukraine attacked warships from its Black Sea Fleet. But loaded freighters sailed anyway, and Moscow rejoined the agreement on Wednesday.

Ukraine is one of the world’s largest grain exporters, with nations in Asia, Africa and beyond dependent on its food shipments.

— Ted Kemp

Turkey’s Erdogan tells Zelenskyy to increase diplomatic efforts to end the war

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT

Murat Cetinmuhurdar | Reuters

Turkish President Tayyip Erdogan told Ukrainian President Volodymyr Zelenskyy in a phone call to increase diplomatic efforts to end the war.

“President Erdogan stated that on the basis of an understanding that will lead to the full restoration of Ukraine’s territorial integrity and sovereignty, diplomatic efforts should be increased to end the war with a just solution,” reads a post from the Turkish president’s official Twitter account.

Erdogan also emphasized the importance of Ukrainian and Russian grain exports, underscoring the importance of the Black Sea Grain Initiative. In the same call, Zelenskyy thanked Erdogan for his “active participation in preserving the ‘grain deal,'” in a Telegram post.

Turkey played a crucial role in both brokering the United Nations-backed deal in July and in ending Russia’s suspension of the deal this week.

— Rocio Fabbro

Read CNBC’s previous live coverage here:



Read original article here

Latest news from Russia and the war in Ukraine

Russia undecided on whether to extend grain export deal

The Malta flagged bulk carrier Zante en-route to Belgium transits the Bosphorus carrying 47,270 metric tons of rapeseed from Ukraine after being held at the entrance of the Bosphorus due to Russia pulling out of the Black Sea Grain agreement on November 02, 2022 in Istanbul, Turkey.

Chris Mcgrath | Getty Images

The Kremlin said it has not yet decided on whether to extend a grain export deal with Ukraine, despite deciding Wednesday to resume its participation in the “Black Sea Grain Inititative.”

The current deal is due to expire on Nov. 19 unless both Russia and Ukraine decide to renew the deal, which has enabled over 9 million tons of grains and foodstuffs to be exported from the war-torn country. The deal was brokered by the U.N. and Turkey and is overseen by their officials as well as those from Russia and Ukraine.

Russia had suspended its participation in the deal last Saturday, accusing Ukraine of using the established humanitarian corridor for military purposes, but rejoined on Wednesday saying it had received guarantees from Ukraine.

Kremlin spokesman Dmitry Peskov waits to watch the Victory Day military parade at Red Square in central Moscow on May 9, 2022.

Kirill Kudryavtsev | Afp | Getty Images

Kremlin Press Secretary Dmitry Peskov told reporters Thursday that Moscow’s renewed participation in the deal did not necessarily mean it would be renewed.

Of course, we still have to discuss the issue of extension officially, the deadline has not expired yet, it is still working … but by the 19th, before making a decision to continue, it will be necessary to assess the effectiveness of the implementation of the deal. And only then can a decision be made.”

Peskov said Turkey had been given guarantees to Moscow that the corridor would not be used for military purposes, an accusation Ukraine denies in any case, and praised Ankara’s work on maintaining the deal, noting “Turkey’s participation in this is the main factor of trust.”

— Holly Ellyatt

Possible North Korea-Russia arms deal prompts concern

South Korea has said it is concerned about evidence of an arms deal between North Korea and Russia, after the White House accused the regime in Pyongyang of covertly shipping artillery shells to Russia.

Seoul’s foreign ministry told NBC Thursday that the government “is concerned about circumstantial evidences pointing to the arms deal between NK and Russia.” The ministry said it was monitoring the situation very closely and “maintained a close communication with our allies including the U.S.”

“All arms trading with NK is banned under the UNSC resolutions no.1718,” the ministry added.

North Korea leader Kim Jong Un (L) attends a meeting with Russian President Vladimir Putin (R) in Vladivostok, Russia, on April, 25, 2019.

Kremlin | Handout | Anadolu Agency | Getty Images

On Wednesday, the U.S.’ National Security Council spokesman John Kirby said the White House believes North Korea is covertly supplying a “significant number” of artillery shells to Russia for use in Ukraine, NBC News reported.

“We are going to monitor to see whether the shipments are received,” Kirby said. “It is not an insignificant number of shells, but we don’t believe they are in such a quantity that they would change the momentum of the war,” he added.

A police expert holds a fragment of a drone with a handwritten inscription that reads “For Belgorod. For Luch,” after a drone attack in Kyiv on Oct. 17, 2022.

Sergei Supinsky | Afp | Getty Images

Hampered by international sanctions, Russia appears to be increasingly reliant on countries like Iran and North Korea for weapons, such as Iranian explosive-laden drones, to continue its war on Ukraine. North Korea and Iran deny they have made any arms deals with Russia.

— Holly Ellyatt

Russia summons British ambassador over drone strike on Crimea

Russia summoned the British ambassador on Thursday over Moscow’s claim that British navy personnel were involved in a Ukrainian drone attack on Russia’s Black Sea Fleet in Crimea.

Ambassador Deborah Bronnert arrived at the foreign ministry shortly after 1030 local time (0730 GMT) as a small crowd chanted anti-British slogans and held up placards reading “Britain is a terrorist state.”

Bronnert was inside the ministry for around 30 minutes, a Reuters journalist at the scene said. There was no immediate statement from either Russia or Britain on the details of what was discussed.

Russian President Vladimir Putin (C) and the British ambassador to Russia, Deborah Jane Bronnert (L) in the Kremlin in Moscow on February 5, 2020.

Alexey Nikolsky | Afp | Getty Images

Russian foreign ministry spokeswoman Maria Zakharova said on Wednesday the ambassador was to be summoned over Saturday’s drone attack on Crimea, which Russia annexed from Ukraine in 2014.

Britain says the claims are false. After the drone attack, Russia temporarily suspended participation in a U.N.-brokered Black Sea Grain deal.

Russia casts Britain as a particularly perfidious Western power which President Vladimir Putin says is plotting to destroy Russia and carve up its vast natural resources.

After Russia invaded Ukraine, Britain, along with the United States and the European Union, imposed some of the most severe sanctions in history and supplied weapons to help Ukraine.

Russia’s defence ministry said that British navy personnel blew up the Nord Stream gas pipelines, a claim that London said was false and designed to distract from Russian military failures in Ukraine.

— Reuters

Zaporizhzhia nuclear power plant running on diesel generators, again

This photo taken on Sept. 11, 2022, shows a security person standing in front of the Zaporizhzhia Nuclear Power Plant in Enerhodar, Zaporizhzhia, amid the Ukraine war.

Stringer | Afp | Getty Images

The Russian-occupied Zaporizhzhia nuclear power plant in southern Ukraine is operating on diesel generators again after being disconnected from the Ukrainian power grid following Russian shelling, Ukraine’s nuclear energy company said Thursday.

In a post on Telegram, Energoatom said that shelling by Russian forces on Wednesday had damaged the last two high-voltage lines connecting the plant to the Ukrainian grid, and that Russia wanted to connect the plant to the Russian grid.

“At 11:04 pm [Wednesday], the power plant went to full black-out mode. All 20 diesel generators started operating,” Energoatom said. Although the plant’s six reactors are shut down, power is still needed for cooling and safety operations.

Energoatom said it had 15 days’ worth of fuel to operate the diesel generators while the plant is in blackout mode.

“The countdown has begun. Due to the occupation of the plant and the interference of Rosatom [Russia’s state nuclear energy company] representatives in its operation, the opportunities of the Ukrainian side to maintain the ZNPP in a safe mode are significantly limited,” it said.

The Zaporizhzhia NPP was occupied by Russian forces earlier this year, and has been a pawn in the war, with both sides accusing each other of shelling and endangering the plant, which is Europe’s largest nuclear power plant. International atomic energy experts have warned the potential for a disaster is high given active hostilities around and near the plant.

— Holly Ellyatt

Ukraine’s first lady urges West to provide more weapons ahead of winter

First Lady of Ukraine Olena Zelenska during at opening night of Web Summit 2022 in Lisbon, Portugal on November 1, 2022.

Rita Franca | Nurphoto | Getty Images

Ukrainian first lady Olena Zelenska on Wednesday called on Western leaders to offer more military support as the country continues to defend itself against Russia’s onslaught.

Zelenska urged the international community not to grow fatigued by the war, saying allied countries must fight the aggressor together.

“I understand that these are outside the duties of first ladies, but we are already outside the normal protocols because of the war,” Zelenska told CNBC’s Karen Tso, according to a translation.

“Ukraine needs more weapons, more military assistance,” she said, calling specifically for air defense missiles.

— Karen Gilchrist

Russia’s economic decline deepens in September

Wholesale food market in Moscow.

Picture Alliance | Picture Alliance | Getty Images

Russia’s monthly economic downturn continued in September with gross domestic product declining by 5% year on year, according to the latest data from Russia’s Ministry of Economic Development, reported by state news agency Interfax.

The decline in economic output in September followed a 4% year-on-year decline in August, and a 4.3% decline in July.

According to the ministry, the decline in Russia’s GDP in the third quarter of 2022 amounted to 4.4% in annual terms, after a decline of 4.1% in the second quarter and growth of 3.5% in the first quarter.

Russia has been laboring under the weight of international sanctions on key sectors, businesses and individuals for months following its invasion of Ukraine, although it was subject to other economic sanctions before the war for other reasons, including alleged U.S. election interference, cyberattacks and its annexation of Crimea in 2014.

Russian consumers are facing considerable living costs as inflation remains high, with the rate at 12.9% in October, although it has been gradually declining (inflation stood at 14.3% in August) after the central bank raised interest rates to tackle price rises.

Russia has insisted that its economy is able to circumnavigate the challenges posed by sanctions and, as a major oil and gas exporter, has been able to maintain revenue streams from the exports of those commodities to economic partners in Asia, particularly India and China.

Still, Western agencies like the Organisation for Economic Cooperation and Development, IMF and World Bank expect Russia’s economic decline to be significant this year. Between them, they have forecast that Russia’s GDP could drop by at least 5.5% in the best-case scenario to almost 9% in the worst-case scenario.

For its part, Russia’s ministry forecast that Russia’s economic output would decline by 2.9% in 2022 and by 0.8% in 2023, before growing by 2.6% in 2024 and 2025, Interfax reported.

— Holly Ellyatt

Russian military leaders reportedly considered using tactical nukes in Ukraine

CNBC’s Shep Smith looks at reports that Russian military leaders recently discussed the possibility of using a tactical nuclear weapon in Ukraine.

Putin confirms resumption of Black Sea Grain Initiative, but says Russia could withdraw again

Russian President Vladimir Putin attends a news conference following the Commonwealth of Independent States (CIS) leaders’ summit in Astana, Kazakhstan October 14, 2022.

Ramil Sitdikov | Sputnik | via Reuters

Russian President Vladimir Putin said that despite Russia’s return to the Black Sea Grain Initiative, it “reserves the right to withdraw” from the deal if Ukrainian guarantees are not met.

Russia suspended its participation in the grain deal over the weekend, after claiming a Ukrainian drone attacked its Black Sea fleet in Crimea. Ukraine did not claim responsibility for the attack, which some Ukrainian officials blamed on Russian soldiers mishandling their own weapons.

“We demanded assurances and guarantees from the Ukrainian side that nothing like this will happen in the future,” Putin said in a meeting with permanent members of the Russian Security Council.

“I have given instructions to the Ministry of Defense to resume our full participation in this work,” he added. “At the same time, Russia reserves the right to withdraw from these agreements if these guarantees are violated by Ukraine.”

Early in the war, Russia relied on its Black Sea fleet to launch missiles deep into Ukraine, but the fleet drew back into a defensive position after a series of embarrassing attacks this spring by Ukrainian forces.

Before last weekend’s drone attack, analysts noted that Russia already appeared to be laying rhetorical groundwork for withdrawing from the deal, before reversing course this week.

The grain is critical to feeding populations in some of the world’s poorest countries, and a return to a full blockade could have brought famine to millions in Asia and the Middle East.

Putin also committed to delivering the “entire volume” of grain that has been delivered from Ukraine to the poorest countries “free of charge,” if Russia withdraws from the deal in the future.

— Rocio Fabbro

Agricultural shipments continue from Ukraine as grain deal resumes

Video credit: Burak Kara | Getty Images

The bulk carrier Asl Tia is shown transiting Turkey’s Bosphorus Strait, carrying 39,000 metric tons of sunflower meal from Ukraine on Wednesday. The vessel is on its way to China.

Russia on Tuesday rejoined a deal that gives safe passage to grain shipments from Ukraine, which Russia invaded in February. Russia has severely disrupted Ukraine’s agricultural output and prior to the deal was blockading outbound vessels. The deal was brokered by Turkey and the UN.

The Kremlin said it was leaving the deal over the weekend after Ukraine attacked warships from its Black Sea Fleet. But loaded freighters sailed anyway, and Moscow rejoined the agreement on Wednesday.

Ukraine is one of the world’s largest grain exporters, with nations in Asia, Africa and beyond dependent on its food shipments.

— Ted Kemp

Turkey’s Erdogan tells Zelenskyy to increase diplomatic efforts to end the war

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT

Murat Cetinmuhurdar | Reuters

Turkish President Tayyip Erdogan told Ukrainian President Volodymyr Zelenskyy in a phone call to increase diplomatic efforts to end the war.

“President Erdogan stated that on the basis of an understanding that will lead to the full restoration of Ukraine’s territorial integrity and sovereignty, diplomatic efforts should be increased to end the war with a just solution,” reads a post from the Turkish president’s official Twitter account.

Erdogan also emphasized the importance of Ukrainian and Russian grain exports, underscoring the importance of the Black Sea Grain Initiative. In the same call, Zelenskyy thanked Erdogan for his “active participation in preserving the ‘grain deal,'” in a Telegram post.

Turkey played a crucial role in both brokering the United Nations-backed deal in July and in ending Russia’s suspension of the deal this week.

— Rocio Fabbro

Read CNBC’s previous live coverage here:

Read original article here

Latest news from Russia and the war in Ukraine

Russian jets and missile containers still in Belarus, Ukraine’s armed forces says

Belarusian President Alexander Lukashenko chairs a meeting on security in Minsk, Belarus, October 10, 2022. Maxim Guchek/BelTA/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT.

Maxim Guchek | Belta | Reuters

Missile containers and MiG-31K interceptor jets belonging to the Russian Aerospace Forces remain in Belarus, Ukraine’s armed forces said.

In aerial photos of Machylyshchy posted to Telegram by the armed forces, three MiG-31K’s can be seen. These fighter-interceptors can carry and launch the Kh-47M2 “Kinzhal” nuclear-capable hypersonic missiles.

Several missile containers can also been in photographs, in which the “Kinzhal” missiles can be stored, according to the Ukrainian military.

“Russia has occasionally launched these weapons during the Ukraine war, but stocks are likely very limited,” the United Kingdom Ministry of Defense said in a statement on Tuesday regarding the MiG-31K interceptors.

The MiG-31K jets were spotted over Belarusian cities on multiple occasions in October. The U.K. Defense Ministry suggested that the presence of these interceptors in Belarus is meant to “portray Belarus as increasingly complicit in the war” to the West.

— Rocio Fabbro

Russia’s economy shrinks 5% year-on-year in September, economy ministry reports

An elderly customer counts ruble currency banknotes at a supermarket in Moscow, Russia.

Andrey Rudakov | Bloomberg | Getty Images

Russia’s economy shrank by 5% on an annualized basis in September, the economy ministry said, a sharper contraction than the 4% recorded a month earlier.

Western sanctions and the fallout from Russia sending tens of thousands of troops into Ukraine in February have pushed the country into recession, but Moscow says the West has failed to destroy the Russian economy.

Earlier this year, economists were predicting a double-digit recession for 2022. The economy ministry said in a statement on Wednesday that the country was on track to post a 2.9% contraction this year, and that September’s slump was due to a high base effect in comparison with the same month last year.

— Reuters

Ukraine Foreign Affairs Ministry calls for increased sanctions against Russian state media

The English-language Russian news website RT “is for a western audience, and so what what’s being shown on RT is not what’s being told in Russia,” said Security Discovery’s Jeremiah Fowler.

Lionel Bonaventure | AFP | Getty Images

Ukraine’s Ministry of Foreign Affairs called for new and expanded sanctions against Russian state media over its disinformation campaign, and mark the International Day to End Impunity for Crimes against Journalists.

“We call on the international community to introduce and expand sanctions against Russian state media that spread false information, including to justify Russia’s armed aggression against Ukraine,” the ministry said in a statement.

“The invasion of Russian troops became a new record of brutal repression against representatives of the regional media: hundreds of media in the temporarily occupied territories were forced to stop their work due to threats and impossibility of carrying out journalistic activities under the conditions of temporary occupation,” the ministry said.

According to data from the Institute of Mass Information, Russia has committed 457 crimes against journalists and media in Ukraine in the eight months since the start of the full-scale invasion.

“We also express our gratitude to thousands of Ukrainian and international journalists who, often risking their own lives, tell the world the truth about the war in Ukraine,” the ministry said.

— Rocio Fabbro

Putin confirms resumption of Black Sea Grain Initiative, but says Russia could withdraw again

Russian President Vladimir Putin attends a news conference following the Commonwealth of Independent States (CIS) leaders’ summit in Astana, Kazakhstan October 14, 2022.

Ramil Sitdikov | Sputnik | via Reuters

Russian President Vladimir Putin said that despite Russia’s return to the Black Sea Grain Initiative, it “reserves the right to withdraw” from the deal if Ukrainian guarantees are not met.

Russia suspended its participation in the grain deal over the weekend, after claiming a Ukrainian drone attacked its Black Sea fleet in Crimea. Ukraine did not claim responsibility for the attack, which some Ukrainian officials blamed on Russian soldiers mishandling their own weapons.

“We demanded assurances and guarantees from the Ukrainian side that nothing like this will happen in the future,” Putin said in a meeting with permanent members of the Russian Security Council.

“I have given instructions to the Ministry of Defense to resume our full participation in this work,” he added. “At the same time, Russia reserves the right to withdraw from these agreements if these guarantees are violated by Ukraine.”

Early in the war, Russia relied on its Black Sea fleet to launch missiles deep into Ukraine, but the fleet drew back into a defensive position after a series of embarrassing attacks this spring by Ukrainian forces.

Before last weekend’s drone attack, analysts noted that Russia already appeared to be laying rhetorical groundwork for withdrawing from the deal, before reversing course this week.

The grain is critical to feeding populations in some of the world’s poorest countries, and a return to a full blockade could have brought famine to millions in Asia and the Middle East.

Putin also committed to delivering the “entire volume” of grain that has been delivered from Ukraine to the poorest countries “free of charge,” if Russia withdraws from the deal in the future.

— Rocio Fabbro

Kremlin insists Russia will respect international commitments for responsible nuclear powers

Russian President Vladimir Putin chairs the supervisory board meeting of the presidential forum “Russia – Land of Opportunity” at the Kremlin in Moscow, Russia April 20, 2022.

Mikhail Tereshchenko | Sputnik | via Reuters

The Kremlin’s Ministry of Foreign Affairs has released a new statement pushing back on a New York Times report that Russian generals discussed how Moscow might use a tactical nuclear weapon in Ukraine.

“Russia is strictly and consistently guided by the tenet that a nuclear war cannot be won and must never be fought,” said the statement, which was posted in English to the ministry’s website.

The Times cited unnamed U.S. intelligence officials, and reported that word of the alarming conversations circulated within the intelligence community in mid-October.

The Kremlin said it remains fully committed to a 5-nation pledge released in January of this year, which said in part that “None of our nuclear weapons are targeted at each other or at any other State.”

Asked about the new statement, National Security Council spokesman John Kirby said, “we are watching this the best we can.”

Growing concerns about the potential deployment of a Russian nuclear weapon has been driven in part by provocative statements from Russian President Vladimir Putin, and also by perceived desperation in Moscow over Russia’s inability to make progress on the battlefield in Ukraine.

— Christina Wilkie

North Korea set to supply Russia with weapons to wage its war in Ukraine, White House says

White House National Security Council Strategic Communications Coordinator John Kirby addresses the daily press briefing at the White House in Washington, July 27, 2022.

Jonathan Ernst | Reuters

National Security Council spokesman John Kirby said the U.S. has indications that North Korea has agreed to supply Russian President Vladimir Putin with weapons for his war in Ukraine.

“We don’t believe that this will change the course of the war,” Kirby told reporters on a call, adding that the U.S. was nonetheless “concerned” about these additional weapons shipments.

“It’s certainly not going to change our calculus,” Kirby said, adding that the U.S. and its allies will continue to supply Kyiv with additional security packages.

Kirby declined to detail any potential diplomatic or economic responses Washington might pursue in the event that North Korea does supply Russia with weapons.

On Tuesday, Kirby said that the U.S. also had indications that Iran was preparing to send Russia more drones as well as surface-to-surface missiles. Moscow has carried out scores of devastating missile and drone strikes against civilian targets and critical infrastructure, relying heavily on Iranian-built drones.

Iran and Russia have sharply denied reports that Tehran supplied Moscow with a fleet of drones for use in Ukraine and the Kremlin has repeatedly denied that it uses Iranian-made drones to target residential and other civilian areas.

— Amanda Macias

U.N. welcomes Russia’s resumed participation in the Black Sea Grain Initiative

A photograph taken on October 31, 2022 shows a cargo ship loaded with grain being inspected in the anchorage area of the southern entrance to the Bosphorus in Istanbul.

Ozan Kose | AFP | Getty Images

U.N. Secretary-General Antonio Guterres welcomed the announcement from Russia on its resumed participation in the implementation of the Black Sea Grain Initiative.

Guterres “is grateful for the diplomatic efforts of Turkey, and thanks the U.N. Coordinator, Amir Abdulla, and his team for their work to keep this vital food supply line open,” wrote U.N. Secretary General spokesman Stephane Dujarric.

Dujarric added that the Secretary-General “continues his engagement with all actors towards the renewal and full implementation” of the deal.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and helped reopen three key Ukrainian ports.

The first vessel left Ukraine’s port of Odesa on Aug. 1 carrying more than 26,000 metric tons of corn. Since then, more than 400 ships carrying foodstuffs have departed Ukraine’s ports.

On Saturday, Moscow suspended its participation in the Black Sea Grain Initiative in what it said was retaliation for Kyiv’s “act of terrorism” in firing on Russian warships.

— Amanda Macias

New film on Russia’s seizure of Mariupol premieres in New York City

A screening of the documentary film “Mariupol, unlost hope” in New York, New York on November 1, 2022.

Amanda Macias | CNBC

A documentary film focused on Russia’s brutal attack on the seaside town of Mariupol made its U.S. debut in New York City.

The film, entitled “Mariupol, Unlost Hope,” tells the stories of five Ukrainian residents of Mariupol who witnessed Russia’s brutal seizure of the industrial port city.

“Three women and two men, who had been living in Mariupol during the first month of the invasion, tell what they have seen and felt, how they have made decisions inside of a war,” the producers of the film wrote.

Mariupol, which is still under Russian occupation, has since been described as a “city of graves” due to intense fighting and indiscriminate attacks on civilian infrastructure.

The proceeds from the event will be used to organize further screenings of documentaries about the situation in Ukraine.

— Amanda Macias

‘The largest human displacement crisis in the world,’ UN says of Ukrainian refugees displaced by war

A taxi driver takes a Ukrainian refugee child in his arms from his taxi as they arrive to Madrid. A convoy of taxis traveled from Madrid to the Polish-Ukrainian border carrying humanitarian aid and bringing back Ukrainian families fleeing Russia’s invasion of Ukraine, in total 133 refugees, of which 60 are children. The convoy arrived to the foundation ‘Mensajeros de la Paz’, which will provide them accommodation.

Marcos Del Mazo | Lightrocket | Getty Images

More than 7.7 million Ukrainians have become refugees and moved to neighboring countries since Russia invaded Ukraine in late February, the UN Refugee Agency estimates.

Of those, more than 4.4 million have applied for temporary status in European countries, according to data collected by the UN Refugee Agency.

“The international armed conflict in Ukraine has led to the largest human displacement crisis in the world today,” the UN Refugee Agency wrote in a report.

— Amanda Macias

Ukrainians light candles on All Saints’ Day to honor those who have died in Russia’s war

Lit candles, lamps, flowers, and flags are seen at the graves of the Ukrainian soldiers who died in the war with Russia during All Saints’ Day and All Souls’ Day at the Lychakiv Cemetery in Lviv. 

Mykola Tys | Lightrocket | Getty Images

Visitors light candles near the graves of Ukrainians buried at the Lychakiv cemetery to mark the celebration of All Saints’ Day.

Also known as All Hallows’ Day or the Feast of All Saints, the solemn holy day in the Christian church commemorates all the saints of the church.

Below are photos of Ukrainians visiting the graves of relatives, friends and soldiers who have died during Russia’s military invasion of Ukraine.

Lit candles, lamps, flowers, and flags are seen at the graves of the Ukrainian soldiers who died in the war with Russia during All Saints’ Day and All Souls’ Day at the Lychakiv Cemetery in Lviv. 

Mykola Tys | Lightrocket | Getty Images

Lit candles, lamps, flowers, and flags are seen at the graves of the Ukrainian soldiers who died in the war with Russia during All Saints’ Day and All Souls’ Day at the Lychakiv Cemetery in Lviv. 

Mykola Tys | Lightrocket | Getty Images

Lit candles, lamps, flowers, and flags are seen at the graves of the Ukrainian soldiers who died in the war with Russia during All Saints’ Day and All Souls’ Day at the Lychakiv Cemetery in Lviv. 

Mykola Tys | Lightrocket | Getty Images

Lit candles, lamps, flowers, and flags are seen at the graves of the Ukrainian soldiers who died in the war with Russia during All Saints’ Day and All Souls’ Day at the Lychakiv Cemetery in Lviv. 

Mykola Tys | Lightrocket | Getty Images

— Mykola Tys | Lightrocket | Getty Images

Russian ‘blackmail’ failed over grain deal, Ukrainian presidential aide

Russia is resuming participation in a deal to free up grain exports from Ukraine because it realised the initiative would still work without the Kremlin’s involvement, a senior Ukrainian official said on Wednesday.

Presidential adviser Mykhailo Podolyak said in a written statement to Reuters that Moscow’s decision showed that Russian “blackmail” and “escalation and threats” fail when they meet a resolute response.

“One way or another, Russia, embarrassed, returned to the ‘grain initiative’ because it suddenly turned out that the grain corridor would work even without the Kremlin’s participation,” Podolyak said.

“This says only one thing: Russia is always inferior to those who are stronger, those who know how to take a blow, those who argue their position strongly.”

— Reuters

UK sanctions four Russian steel and petrochemical tycoons

The British government said Wednesday that it had sanctioned four Russian steel and petrochemical oligarchs who had enabled Putin to mobilize Russian industries to support his military effort.

Alexander Abramov and Alexander Frolov were among those sanctioned for their involvement in the extractive, transport, and construction sectors, the U.K. said Wednesday.

The pair are known to be business associates of oligarch Roman Abramovich and previously owned major stakes in Russian steel manufacturer Evraz.

Russian President Vladimir Putin (R) shakes hands with businessman and then-Evraz CEO Alexander Abramov (L) in 2017.

Mikhail Svetlov | Getty Images News | Getty Images

Abramov and Frolov are thought to have an estimated global net worth of £4.1 billion ($4.7 billion) and £1.7 billion respectively, and are reported to have U.K. property investments worth an estimated £100 million.

The U.K.’s Foreign Secretary James Cleverly commented in a statement that “Putin continues to rely on his cabal of selected elite to maintain control of his industrial complex and fuel his illegal invasion of Ukraine. Today we are sanctioning an additional four oligarchs who rely on Putin for their positions of authority and in turn fund his military machine,” he said.

“By targeting these individuals, we are ramping up the economic pressure on Putin and will continue to do so until Ukraine prevails.”

The other two oligarchs that were sanctioned were Airat Shaimiev, who has an estimated global net worth of £902 million, and Albert Shigabutdinov, who has an estimated global net worth of £977 million. 

All four men are now subject to travel bans, asset freezes and transport sanctions.

— Holly Ellyatt

Russia resumes its participation in Ukraine grain export deal

Russia said that it will resume its participation in the Black Sea grain initiative, a deal with Ukraine to enable vital agricultural exports from the country, saying it had received assurances from Ukraine that it would not use the humanitarian maritime corridor for military purposes.

Russia had withdrawn from the deal, which was brokered by the U.N. and Turkey in July and seen as helping to ease global food shortages and price rises, after it accused Ukraine of attacking its Black Sea Fleet in Sevastopol in Crimea last Saturday.

In a statement, Russia’s Defense Ministry said Wednesday that “thanks to the participation of an international organization, as well as the assistance of Turkey, it was possible to obtain the necessary written guarantees from Ukraine on the non-use of the humanitarian corridor and Ukrainian ports designated for the export of agricultural products for conducting military operations against the Russian Federation.”

Russia said that “the Ukrainian side officially assured that the maritime humanitarian corridor will be used only in accordance with the provisions of the Black Sea Initiative.”

“The Russian Federation considers that the guarantees received at the moment seem sufficient and resumes the implementation of the agreement – the Initiative for the safe transportation of grain and food from the ports of Ukraine (the “Black Sea Initiative”), suspended after the terrorist attack in Sevastopol,” it said.

— Holly Ellyatt

Wagner Group owner trying to ‘burnish’ his credibility, UK says

Yevgeny Prigozhin, a Russian businessman and close ally of Vladimir Putin. He recently admitted to creating the Wagner Group, a private military company fighting in Ukraine, in 2014.

Mikhail Svetlov | Getty Images

The owner of the Russian Wagner Group private military company, Yevgeny Prigozhin, has become less secretive about his link to the state-linked paramilitary group, according to Britain’s Defense Ministry, as he tries to “burnish” his credibility within the Russian national security system.

“In the last two months, Prigozhin has abandoned any pretence that he is not associated with Wagner and has been more explicit in his public statements. He is likely trying to burnish his credibility within the stressed Russian national security system,” the ministry said in an intelligence update on Twitter.

The ministry noted, however, that Wagner forces were advancing more slowly than Russian military doctrine expected, noting that on Oct. 23, Prigozhin said that Wagner forces were making advances of 100-200m per day, which he claimed was “normal in modern warfare.”

“According to their military doctrine, Russian forces plan to advance 30km or more per day in most conditions,” the ministry said.

Ukraine says it has ‘eliminated’ 800 Russian soldiers in the last day alone

Russian forces in Ukraine have seen far more casualties than Moscow was expecting, analysts say. In this image, Ukrainian soldiers are salvaging equipment from the body of a dead Russian soldier after a Russian vehicle was destroyed by Ukrainian forces on March 3, 2022.

Marcus Yam | Los Angeles Times | Getty Images

Ukraine’s armed forces said Wednesday that they have eliminated 800 Russian troops in Ukraine over the last 24 hours, bringing Russia’s total personnel losses, as per Ukraine’s count, to 73,270.

The General Staff of the Armed Forces of Ukraine reported on Facebook Wednesday that they had destroyed 16 more Russian tanks over the last day (bringing the total destroyed to 2,714), 24 more armored combat vehicles as well as a helicopter and a warplane among other weapons systems.

An abandoned Russian military tank is seen after Russian Forces withdrew from Balakliia as Russia-Ukraine war continues on September 15, 2022 in Balakliia, Kharkiv Oblast, Ukraine.

Anadolu Agency | Anadolu Agency | Getty Images

There is much dispute over the number of Russian troops that have died during the war that began in February. Russia has released very few updates on the number of fatalities among its forces. The U.K., for example, said in September that it believed over 25,000 Russian troops had died (although the number rose to around 80,000 when troops captured or wounded were included). Russia’s defense minister said in September that 5,937 soldiers had been killed.

Ukraine’s armed forces noted that Russian troops have suffered the highest losses in the Avdiivka and Lyman areas. CNBC was not able to verify the accuracy of the report.

— Holly Ellyatt

Ukraine grain exports down near 32% so far this season, ministry says

Ukraine’s grain exports are down year on year in the 2022/23 season so far to almost 13.4 million tonnes from 19.7 million tonnes at the same date a season earlier, the agriculture ministry data showed on Wednesday.

The country’s grain exports have slumped since Russia invaded in February, with the closing off of its Black Sea ports driving up global food prices and prompting fears of shortages in Africa and the Middle East.

A photograph taken on October 31, 2022 shows a cargo ship loaded with grain being inspected in the anchorage area of the southern entrance to the Bosphorus in Istanbul.

Ozan Kose | AFP | Getty Images

Three Black Sea ports were unblocked at the end of July under a deal between Moscow and Kyiv, brokered by the United Nations and Turkey. The shipments are continuing despite Russia’s decision to suspend its participation in the agreement.

Ministry data showed that exports so far in the July 2022 to June 2023 season included 5.1 million tonnes of wheat, 7.1 million tonnes of corn and 1.1 million tonnes of barley.

The government has said that Ukraine could harvest between 50 million and 52 million tonnes of grain this year, down from a record 86 million tonnes in 2021, because of the loss of land to Russian forces and lower yields.

— Reuters

Zelenskyy says grain corridor has to be defended

Farmers are seen harvesting wheat in Druzhkivka, Ukraine on 7 August, 2022.

Anadolu Agency | Anadolu Agency | Getty Images

Ukraine’s President Volodymyr Zelenskyy said that the “grain corridor” — a humanitarian maritime route set up to allow vital agricultural exports to leave Ukraine — needs to be defended.

“The grain corridor needs reliable and long-term protection,” the president said in his nightly address Tuesday.

“Russia should clearly know that it will receive a tough response from the world to any steps that disrupt our food exports. This is literally a matter of life for tens of millions of people,” he noted.

The grain corridor was established after the U.N. and Turkey brokered a deal between Russia and Ukraine in July to allow exports such as corn, wheat and rapeseed (of which Ukraine is a major producer) to leave the country via the Black Sea.

Russia withdrew from the deal last weekend, however, accusing Ukraine of using the maritime corridor to carry out an attack against infrastructure and its Black Sea Fleet in Sevastopol in Crimea, which it annexed in 2014.

Ukraine denies using the corridor for such activities and has not said whether it was responsible for the attack. In turn, it has accused Russia of undermining the deal since September. Meanwhile, the U.N. has called on Russia to return to the deal, warning it could drive global food prices even higher and exacerbate food shortages faced by vulnerable countries in Africa and Asia.

Russian President Vladimir Putin told his Turkish counterpart Tuesday that Moscow could consider returning to the deal, which was due to be renegotiated in a couple of weeks’ time, if an investigation is carried out into the drone attack.

Ukraine, Turkey and the U.N. have agreed not to plan for any movements of ships under the grain initiative from Wednesday.

— Holly Ellyatt

Ukraine first lady makes plea to tech community

Ukraine’s first lady Olena Zelenska smiles during a standing ovation following Ukraine’s President Volodymyr Zelenski’s address via a video during the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, September 21, 2022.

Mike Segar | Reuters

Ukrainian First Lady Olena Zelenska made an impassioned speech on Tuesday calling on the global technology community to aid her country and combat Russia’s invasion.

Speaking at the Web Summit conference in Lisbon, Zelenska told attendees that technology has become “battlefield” in the Russian war against Ukraine. Russia “puts technology at the service of terror,” she said.

“Technology has in many ways brought us closer together through social media and messenger apps,” Zelenska said Tuesday evening.

“But imagine, all of a sudden a social media account stops getting updated, the person running it no longer responds to messages. And then you see their black and white photos and you know the unthinkable has happened. During this month, thousands of Ukrainian social media accounts will never be updated again. Those people are gone.”

She called on tech entrepreneurs and investors to invest in Ukraine’s tech and science sectors and make donations to her Olena Zelenska Foundation. Launched in September, the foundation aims to restore Ukrainian hospitals and schools that have been destroyed in the war. Children “should be flying to Mars, not running to their basements” to flee Russian shelling in war shelters, Zelenska said.

“You are the force that moves the world,” she said. “You have the potential and technologies that can help, not destroy; by helping Ukraine, you can move the world in the right direction.”

Before Zelenska was due to speak, Paddy Cosgrave, Web Summit’s founder, launched an attack on Ireland’s government over Russia. He said it has allowed certain Russian actors to avoid facing sanctions.

“The Irish government has for years lobbied both Brussels and the White House so that certain Russian oligarchs might be exempted from both U.S. and EU sanctions,” Cosgrave, who has long been critical of the Irish government, said onstage at Web Summit.

“My message is simple, how can Ireland help Ukraine stop bankrolling Russian oligarchs?” he added.

For its part, Ireland says it is opposed to Russia’s war against Ukraine and has joined its European Union alies in imposing strict sanctions on Moscow.

— Ryan Browne

Macron slams Russia’s suspension of Black Sea Grain Initiative and vows to send Ukraine more air defense systems

French President Emmanuel Macron spoke with Ukrainian President Volodymyr Zelenskyy and “denounced a unilateral decision by Russia” to suspend its participation in the  Black Sea Grain Initiative.

Macron accused Russia of weaponizing global food supplies by ending its cooperation with the U.N.-backed deal that led to the reopening of three key Ukrainian ports.

Macron also said he confirmed to Zelenskyy that France is fully mobilized “to increase our military support for Ukraine as soon as possible, in particular anti-aircraft defense.”

Macron also said that France was prepared to help Ukraine with its electric infrastructure, which has been significantly damaged in Russian attacks.

“Action is needed before winter. We shall swiftly mobilize both the international community and the private sector,” Macron added on Twitter.

— Amanda Macias

Russia has ‘seriously damaged 40%’ of energy infrastructure, Ukraine says

Power substation destroyed by a Russian missile attack, Kharkiv, north-eastern Ukraine.

Future Publishing | Future Publishing | Getty Images

Ukrainian President Volodymyr Zelenskyy said that about 40% of his country’s entire energy infrastructure has been seriously damaged by Russian missile and drone strikes.

Moscow has carried out several devastating missile and drone strikes against what Ukraine said were civilian targets and critical infrastructure such as energy facilities.

Iran and Russia have sharply denied reports that Tehran supplied Moscow with a fleet of drones for the Kremlin’s war in Ukraine. The Kremlin has also repeatedly denied that it uses Iranian-made drones to target residential and other high civilian areas.

— Amanda Macias

White House concerned Iran will send more drones and surface-to-surface missiles to Russia for its war in Ukraine

White House National Security Council Strategic Communications Coordinator John Kirby addresses the daily press briefing at the White House in Washington, July 27, 2022.

Jonathan Ernst | Reuters

The White House is concerned that Iran is preparing to send Russia more drones as well as surface-to-surface missiles for its war in Ukraine.

“We are looking at a range of options here, as we have said clearly we said it last week, this is obviously a violation of U.N. resolution 2231,” National Security Council spokesman John Kirby told reporters on a conference call. The U.N. resolution endorsed the Iran nuclear deal.

“Let’s not forget at its core, this is a regime in Tehran that is openly and willingly making themselves an accomplice to the murder of Ukrainians,” Kirby added.

The resolution prohibits the transfer “of all items, materials, equipments and goods and technology” from Iran to another nation unless it is approved in advance by the U.N. Security Council on a case-by-case basis.

Kirby declined to detail potential diplomatic or economic actions Washington would take.

Moscow has carried out several devastating missile and drone strikes against what Ukraine said were civilian targets and critical infrastructure such as energy facilities.

Iran and Russia’s representatives at the United Nations have sharply denied reports that Tehran supplied Moscow with a fleet of drones for use in Ukraine. The Kremlin has repeatedly denied that it uses Iranian-made drones to target residential and other high civilian areas.

— Amanda Macias

No ships will sail Wednesday under the Black Sea Grain Initiative

A port in the city of Odesa, Ukraine, on July 29 2022. The first shipment of grain exports from Ukraine in months comes after Turkey and the United Nations brokered an agreement between Ukraine and Russia to allow for the resumption of key exports from Ukraine, such as grain and fertilizer.

The Washington Post | The Washington Post | Getty Images

The organization overseeing the export of Ukrainian agriculture said that no vessels will sail by way of the Black Sea Grain Initiative on Wednesday.

The Ukrainian, Turkish and United Nations delegations “agreed not to plan any movement of vessels” due to Russia’s decision to suspend its participation in the program.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and saw the reopening of three key Ukrainian ports.

Amir Abdulla, the U.N. Coordinator for the Black Sea Grain Initiative, said he is in close cooperation and consultation with all signatories of the deal to resume full participation.

— Amanda Macias

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ADP jobs report October 2022

Private payroll growth held strong in October while worker pay rose as well, particularly in the leisure and hospitality industry, according to a report Wednesday from payroll processing firm ADP.

Companies added 239,000 positions for the month, ahead of the Dow Jones estimate of 195,000 and better than the downwardly revised 192,000 in September. Wages increased 7.7% on an annual basis, down 0.1 percentage point from the previous month.

Job gains were especially strong in the pivotal leisure and hospitality sector, which added 210,000 positions while wage growth accelerated 11.2%. The industry, which includes hotels, restaurants, bars and related businesses, is seen as a bellwether as it took the hardest Covid and is still below pre-pandemic levels.

All the job growth came from services-related industries, which added 247,000 jobs, while goods-producing sectors lost 8,000 jobs, due largely to a loss of 20,000 manufacturing positions. Trade, transportation and utilities rose by 84,000.

“This is a really strong number given the maturity of the economic recovery but the hiring was not broad-based,” ADP’s chief economist, Nela Richardson, said. “Goods producers, which are sensitive to interest rates, are pulling back, and job changers are commanding smaller pay gains. While we’re seeing early signs of Fed-driven demand destruction, it’s affecting only certain sectors of the labor market.”

The Federal Reserve has been raising interest rates in an effort to cool inflation running near its highest level in more than 40 years. One primary aim is the historically tight labor market, where job openings outnumber available workers by a nearly 2-to-1 margin.

While the headline ADP number was strong, the details looked weaker.

Along with the decline in construction jobs, information (-17,000), professional and business services (-14,000) and financial activities (-10,000) also showed losses.

By business size, companies with between 50 and 249 employees had virtually all the gains, adding 241,000.

The ADP report comes two days before the more closely watched nonfarm payrolls count from the Bureau of Labor Statistics. That report is expected to show growth of 205,000, from September’s 263,000.

Read original article here

Latest news from Russia and the war in Ukraine

Russia expands evacuation zone in Kherson region

Russian-installed officials in Ukraine’s southern Kherson region are expanding an evacuation zone.

Vladimir Saldo, the Russian-installed head of the region that Russia partially occupies, said on Telegram Monday evening that he was extending an evacuation area in the region and asked civilians on the eastern bank of the Dnipro river, which bisects the Kherson region, to leave their homes.

People arrived from Kherson wait for further evacuation into the depths of Russia inside the Dzhankoi’s railway station in Crimea on October 21, 2022.

Stringer | Afp | Getty Images

Saldo repeated a claim — that Kyiv says is baseless and false — that Ukraine’s forces are planning to destroy the Kakhovskaya hydroelectric power plant dam in order to flood parts of Kherson. Kyiv says Russia could be planning such an attack and looking to pin the blame on Ukraine.

“There is an immediate danger of flooding of the territories due to the planned destruction of the Kakhovskaya HPP dam and the release of water from a cascade of power plants upstream of the Dnieper [the Dnipro river],” Saldo said. 

“In such a situation, I made a difficult but correct decision to announce the organized movement of the civilian population of Berislav, Belozersky, Snigiryovsky and Aleksandrovsky municipalities to the left bank of the Dnieper,” he said.

Reuters reported that the expanded evacuation area equates to an additional nine mile area.

“We will take the civilian population to the left bank in an organized, stage-by-stage manner,” Saldo said.

Russian-installed officials in Kherson have already moved thousands of people in the Kherson region to Russian territory, with Ukraine telling residents not to comply with what it sees as forcible relocations.

— Holly Ellyatt

Multiple torture chambers and illegal prisons discovered in liberated territories, police say

The entrance to a basement allegedly used as a torture chamber in a house where prisoners were held, discovered by Ukrainian police in the center of Pisky Radkivsky, Ukraine, on Oct. 6, 2022.

The Washington Post | The Washington Post | Getty Images

Ukraine’s National Police said they have uncovered 34 sites where they believe Russian forces have illegally detained and tortured people.

“Thirty-four sites where the Russians unlawfully held and tortured citizens were found in the de-occupied areas: Kharkiv region – 24, Kherson region – 3, Kyiv region – 3, Sumy region – 2, Donetsk, Chernihiv regions – 1 each,” the press service of the National Police posted on Telegram, according to a translation by the Ukrinform news agency.

A man who claims to be a former prisoner, tortured with electric shocks by the Russian military, checks the debris inside a destroyed Russian command center on September 29, 2022 in Izium, Ukraine. On September 9th, Ukrainian armed forces hit the center that was known as a jail and torture chamber.

Paula Bronstein | Getty Images News | Getty Images

Ukraine’s police force and international investigators continue to discover and document evidence of multiple alleged war crimes by Russia’s occupying forces including the widespread occurrence of rape and torture, and mass killings which Ukraine says are war crimes.

Russia says it does target civilians despite overwhelming evidence to the contrary with the daily shelling of residential buildings and civilian infrastructure.

Forensic experts collect the pieces of evidence at the District Police Department allegedly used by Russian occupiers for torture, Balakliia, Kharkiv Region, northeastern Ukraine.

Future Publishing | Future Publishing | Getty Images

As of Oct. 31, Ukraine’s police have initiated 40,742 criminal proceedings over alleged crimes committed by the Russian service members “and their accomplices” in Ukraine, Ukrinform reported.

— Holly Ellyatt

Russia is moving large ballistic missile to Belarus to send the West ‘a message,’ UK says

Russia is likely to have moved large ballistic missiles to Belarus as a “message to the West,” the U.K.’s Ministry of Defence said Tuesday.

In an intelligence update on Twitter, the ministry said Russia is likely to have deployed AS-24 Killjoy missiles (air launched ballistic missiles) to Belarus “mainly to message to the West and to portray Belarus as increasingly complicit in the war.”

Belarus is a strong ally of Russia although it is widely seen as subservient to Moscow. Although not directly involved in the Ukraine conflict it has assisted Russia during the war and missiles have been launched at Ukraine from Belarus.

Russian President Vladimir Putin (L) shakes hands with Belarus President Alexander Lukashenko during their meeting in Sochi on February 22, 2021.

ALEXEI DRUZHININ | AFP | Getty Images

The ministry said Moscow has “very limited stocks” of AS-24 Killjoy missiles, and it “continues to expend its advanced long-range munitions against targets of limited operational importance.” Basing such weaponry in Belarus would give Russia “little added advantage in terms of striking additional targets within Ukraine,” however.

The U.K. said evidence that Russia was deploying such missiles to Belarus had come after imagery showed two MiG-31K Foxhound interceptor jets “almost certainly parked at Belarus’s Machulishchi Airfield on 17 October, with a large canister stored nearby within a protective earth berm.”

“It is likely that the canister is associated with the AS-24 Killjoy air launched ballistic missile, a large munition which the MiG-31K variant is adapted to carry.”

It noted that Russia had not previously deployed these weapons in Belarus and while it has occasionally launched these weapons during the Ukraine war, “stocks are likely very limited.”

“It continues to expend its advanced long-range munitions against targets of limited operational importance,” it noted and, with a range of over 2000km, basing Killjoy missiles in Belarus “gives Russia little added advantage in terms of striking additional targets within Ukraine.”

— Holly Ellyatt

Ukraine sees more shelling overnight after wave of missile attacks

Ukraine has reported more shelling in several regions overnight, as well as intense fighting along the front line in Donetsk in eastern Ukraine, a day after it witnessed a wave of attacks across a number of regions.

Shelling has been reported in the Dnipropetrovsk region in southeast Ukraine and there have been reports of missile strikes on the southern port city of Mykolaiv overnight, demolishing half an apartment building and killing one resident, Reuters reported.

A Ukrainian rocket launches from a vehicle of the 53rd Mechanized Brigade of the Ukrainian Military forces in Donetsk Oblast on October 28, 2022.

Anadolu Agency | Anadolu Agency | Getty Images

Meanwhile, Ukraine’s armed forces reported in its early morning update that fighting remained intense on the front line in Donetsk in eastern Ukraine. It said on Facebook that the Russian army was “concentrating its efforts on restraining Ukraine’s defense forces in certain directions, and is not stopping offensive operations in the Bakhmut and Avdiivka directions” in Donetsk.

 “The enemy continues shelling units of the defense forces along the contact line, carries out fortification equipment of the lines in separate directions and conducts aerial reconnaissance. Strikes critical infrastructure and civilian homes, violating international humanitarian law, laws and customs of war,” Spokesman of the General Staff of the Armed Forces of Ukraine Andriy Kovalev said Tuesday.

People use the touch on their phones to look at an exhibition of weapons in near total darkness on October 31, 2022 in Kyiv, Ukraine, following missile strikes that took out power and water supplies.

Ed Ram | Getty Images News | Getty Images

A wave of missile attacks targeted Ukraine’s critical energy infrastructure on Monday, with major cities Kyiv and Kharkiv among those targeted. Hundreds of thousands of people were left without power and water for hours, although Kyiv’s Mayor Vitali Klitschko said water supplies were restored Tuesday morning.

— Holly Ellyatt

Zelenskyy reaffirms Ukrainian support for the Black Sea Grain Initiative in call with U.N. Secretary-General

“The morning is difficult. We are dealing with terrorists. Dozens of missiles, Iranian ‘Shahids’,” Zelenskyy wrote on his Telegram official account, referencing the Iranian-made Shahid drones increasingly used by Russian forces.

Ukrinform | Future Publishing | Getty Images

Ukrainian President Volodymyr Zelenskyy said he spoke with United Nations Secretary-General Antonio Guterres about Russia’s decision to suspend its role in the Black Sea Grain Initiative.

Zelenskky said he reaffirmed Ukraine’s support for the deal, which reopened three Ukrainian ports for agricultural exports, during his call with Guterres.

“We’re ready to remain a guarantor of global food safety,” Zelenskyy said on Twitter.

The Ukrainian leader also said he updated Guterres on Russia’s missile strikes and called for a “tough” U.N. response.

— Amanda Macias

U.N. warns of rising food prices as Black Sea Grain Initiative comes to a standstill

Farmers are seen harvesting wheat in Druzhkivka, Ukraine on 7 August, 2022.

Anadolu Agency | Anadolu Agency | Getty Images

The Secretary-General of the United Nations Conference on Trade and Development said that the FAO Food Price Index was in decline for six straight months, due in part to the Black Sea Grain Initiative.

The Black Sea Grain Initiative, a United Nations-backed deal brokered in July, eased Russia’s naval blockade and saw the reopening of three key Ukrainian ports. Since August, nearly 400 ships carrying a total of 9 million metric tons have departed Ukraine’s ports for international destinations.

“The Food and Agriculture Organization food price index has declined for six months in a row by about 16%. According to World Bank models, this decline may have prevented over 100,000,000 people from falling into poverty,” Rebeca Grynspan said before the United Nations Security Council.

Grynspan added that the uncertainty of the continuation of the Black Sea Grain Initiative is now causing food prices to rise again.

“Just today, wheat futures have risen by over 6%,” she said, urging all parties to make “every effort to resume and extend the Black Sea Grain Initiative.”

— Amanda Macias

Turkey calls for “common sense” on Black Sea Grain Initiative at UNSC meeting

UN Secretary-General Antonio Guterres speaks during a joint news conference with Moldovan Prime Minister Natalia Gavrilita in Chisinau, Moldova May 9, 2022. 

Vladislav Culiomza | Reuters

Turkey’s representative to the United Nations called for “common sense” at a meeting of the U.N. Security Council regarding Russia’s suspension of its participation in the Black Sea Grain Initiative.

“Today we call for common sense, common sense in recognizing the need for restraint, common sense in upholding our responsibility to protect the most vulnerable populations of the world who have turned to the United Nations,” representative Feridun Sinirlioğlu said. He argued that the deal should be “decoupled from the developments on the ground,” as it was made in good faith and should continue that way.

He also lauded the achievements of the Initiative, which has moved more than 9.5 million metric tons of grain and foodstuff and brought down global food prices since it was agreed to in July.

“The Black Sea Grain Initiative marked a turning point in how we put the needs of those furthest behind first, even at times of war,” Sinirlioğlu said.

“Turkey hopes that reason will prevail and the Black Sea Grain Initiative will remain intact and in place,” he said. Turkey has been in contact with both Ukraine and Russia to ensure the continuation of the deal, according to Sinirlioğlu.

Russia suspended its participation in the program over the weekend in response to an alleged Ukrainian drone strike on a Russian fleet near Sevastopol.

— Rocio Fabbro

‘We are outraged,’ Ukraine says over Russian suspension of the Black Sea Grain Initiative

Ukraine’s UN Ambassador Sergiy Kyslytsya speaks during a General Assembly Emergency Special Session on Ukraine at the United Nations in New York on March 23, 2022.

Timothy A. Clary | AFP | Getty Images

Ukraine’s Ambassador to the United Nations slammed Russia’s decision to suspend its role in the Black Sea Grain Initiative, a deal that reopened Ukrainian ports for agricultural exports.

“We are outraged but not surprised over the announcement by Russia to suspend its participation in the Black Sea Grain initiative. This announcement did not come all of a sudden, as Russia has never given up aggravating the food crisis as a tool to pressure and blackmail the world,” Sergey Kyslytsya said before the United Nations Security Council.

 “We have already heard Russian threats to quit the initiative,” Kyslytsya said of the deal, which is set to expire next month.

He added that Russia was carrying out “an absolutely deliberate blockade.”

“Their intention is crystal clear to make Ukraine succumb to Kremlin’s demands by blackmailing to bring back the threat of large-scale famine across the globe,” he said.

The Black Sea Grain Initiative, a United Nations-backed deal brokered in July, eased Russia’s naval blockade and saw the reopening of three key Ukrainian ports. Since August, nearly 400 ships carrying a total of 9 million metric tons of agricultural products have departed Ukraine’s ports.

— Amanda Macias

NATO’s Stoltenberg speaks with Finnish president as the Nordic country prepares to join the alliance

NATO Secretary General Jens Stoltenberg said he spoke with Finland’s President Sauli Niinisto as the Nordic country prepares to join the world’s most powerful military alliance.

“We addressed Russia’s war on Ukraine and Finland’s path to NATO. Finland is already more secure, and your membership will make us all safer & stronger. We look forward to having you as full members of our alliance soon,” Stoltenberg wrote on Twitter.

Niinisto confirmed the call in a separate tweet adding that his country looks forward to “the future role of Finland as a NATO ally.”

He said the two spoke about the ratification process of adding Finland to the alliance and shared updates on Russia’s war in Ukraine.

— Amanda Macias

Russian suspension of Black Sea Grain Initiative tantamount to “collective punishment,” U.S. State Department says

U.S. State Department spokesman Ned Price holds a press briefing on Afghanistan at the State Department in Washington, August 16, 2021.

Kevin Lamarque | Reuters

United States State Department spokesperson Ned Price said Russia’s suspension of the Black Sea Grain Initiative is akin to “collective punishment” for the world.

“Any acts by Russia to disrupt critical grain exports is essentially a statement that the Kremlin doesn’t care if people and families around the world pay more for food or go hungry,” Price said in a press briefing.

“We’ve seen Russia engage in what appears to be collective punishment for the people of Ukraine, again, ironically and cruelly in the context of a war that Russia itself started. But Moscow’s suspension of the initiative would be tantamount to collective punishment for the rest of the world.”

Price noted that the suspension especially affects lower and middle income countries, which have been the recipients of the vast majority of grain coming out of the deal. Two-thirds, or 66%, of the grain has gone to developing countries, with 19% going to the least developed countries of the world, according to Price.

“It is not in anyone’s interests. It is not in Russia’s interest. It is not in the interest of the international community to see what could be akin to a form of collective global punishment now for this to remain suspended,” he said.

Price put full U.S. support behind the United Nations, which helped to initially broker the deal, in its efforts to maintain the humanitarian corridor and encourage cooperation between Russia and Ukraine over grain exports.

“We are going to support the Secretary General in any way that we can, as he seeks to have this grain initiative resume and to add a degree of longevity to it,” Price said.

— Rocio Fabbro

Biden slams oil companies for ‘their war profiteering’ amid energy crisis triggered from Russia’s war in Ukraine

U.S. President Joe Biden delivers remarks while launching a new plan for Americans to receive booster shots and vaccinations against the coronavirus disease (COVID-19), onstage in an auditorium on the White House campus in Washington, October 25, 2022.

Jonathan Ernst | Reuters

President Joe Biden again placed blame for soaring gas prices on Russia’s war in Ukraine before outlining steps his administration has taken to address mounting energy costs for American consumers.

“Putin’s invasion in Ukraine in March sent gas prices soaring literally around the world and because of the actions we’ve taken since then,” Biden said, adding that prices have since lowered.

“This difference makes a difference in a difficult time,” Biden said. “Not everyone’s stepped up. The oil industry has not,” Biden added, slamming oil companies for “their war profiteering.”

— Amanda Macias

Intense fighting in the Kharkiv region, situation ‘really tense’

Artillery craters scar the landscape on October 24, 2022 in Sulyhivka, Kharkiv oblast, Ukraine.

Carl Court | Getty Images News | Getty Images

Intense fighting is taking place in the Kharkiv region in northeastern Ukraine with the country’s armed forces fighting to liberate 24 settlements, and facing active Russian resistance in the process.

“Our Armed Forces are actively fighting for the liberation of our territories. We still have an average of 24 settlements under occupation. I say ‘on average’ because the situation is really changing at the front,” Oleg Synehubov, head of the Kharkiv Regional Military Administration, said during a nationwide telethon, news agency Ukrinform reported Monday.

Synehubov said Ukraine’s forces were “making every effort to completely liberate the region as soon as possible” but that Russian units were “actively resisting and were not going to leave.”

“The situation is really tense there,” he added with both sides looking to reinforce their positions.

“Defense and fortification structures are being built. Let me remind you that we have a 315km border with the Russian Federation. The Russians are also reinforcing the positions from their territory. Indeed, construction is underway on fortified areas, concrete structures,” Synehubov said.

—Holly Ellyatt

More than 50 missiles fired at Ukraine, prime minister says

Ukraine’s Prime Minister Denys Shmyhal said that Russia’s shelling of various regions in Ukraine on Monday morning has damaged civilian energy infrastructure.

“Missiles and drones hit 10 regions, where 18 objects [facilities] were damaged, most of which are energy-related,” he said on Telegram.

“Hundreds of settlements in seven regions of Ukraine were cut off. The consequences could have been much worse. But thanks to the heroic and professional work of the Air Defense Forces, 44 of the more than 50 missiles fired at our territory were shot down,” he added.

A series of missile strikes hit major Ukrainian cities on Monday morning, with the capital Kyiv and cities to the northeast and south being targeted. Much of Kyiv is without power and water following the attacks.

Kyivvodokanal, a utilities company supplying water for Kyiv, said Monday that 80% of the city’s residents are currently without a water supply.

— Holly Ellyatt

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