Schulz says the German army must be strong enough to deter Russia from attack
Chancellor Olaf Schulz said Germany is looking to forge closer ties with countries that share its values, naming Japan and India, among others.
Lizzie Nessner | Reuters
The German leader said that a strong army was needed to ensure that Russia would not consider attacking it.
Chancellor Olaf Schultz also said on Thursday that Putin was sticking to the idea of a “forced peace” in Ukraine and that this would not work, Reuters reported.
Speaking in Tokyo, Schulz said Germany is looking to forge closer ties with countries that share its values, naming Japan and India, among others.
– Holly Eliat
Official says central bank policy needs to be judicious amid gas shock threat
Bank of Italy Governor and European Central Bank Governing Council member Ignazio Visco warned that central bank policy must remain cautious amid the threat of Russia’s war in Ukraine, but there are signs that a third-quarter rally may be imminent.
– Holly Eliat
Exxon reportedly declared case majeure over Sakhalin 1 . operations
ExxonMobil The Russian unit owns Exxon Neftegas Force Majeure declared its operations in Sakhalin 1Reuters reported.
In a written response to Reuters, a company spokesperson said Exxon was taking steps to exit the oil and gas project, which includes addressing contractual and commercial obligations.
The company earlier said it would halt its operations in Russia, including exiting the project.
Reuters reported that project stakeholders are facing increasing difficulty in shipping crude oil from the region due to sanctions against Russia, fear of reputational risk and difficulty in finding insurance coverage.
– Chelsea Ong
The UK says: ‘We’ll never feel safe again’ if Putin succeeds in Ukraine
British Foreign Secretary Liz Truss said: “If Putin succeeds, there will be more untold misery across Europe and dire consequences across the world.”
Matthews and Ludarczyk | Norfoto | Getty Images
The United Kingdom’s foreign secretary said on Wednesday that Ukraine’s fate hangs in the balance and Western allies must “double up” their support for the country to ensure Putin’s failure in Ukraine.
“The victory of Ukraine is a strategic duty for all of us,” Liz Truss said in a speech in London last night, as she said the G7 and its allies needed to keep pressure on Russia through tougher sanctions, including the “oil cuts.” and gas imports once and for all,” providing more military aid, and continuous humanitarian support.
“If Putin succeeds, there will be more unspeakable misery across Europe and dire consequences around the world,” she said, adding, “We will never feel safe again.”
“Therefore we must be ready for the long haul and double our support to Ukraine,” she said. Truss’ comments come at a time of heightened tensions between Western countries and Russia, with President Vladimir Putin warning that Russia will retaliate against any intervention in the Ukraine war.
– Holly Eliat
Blinken says Europe has “ambitious” plans to reduce Russia’s energy dependence
US Secretary of State Anthony Blinken listens during a Senate Foreign Relations Committee hearing in Washington, US, April 26, 2022. Blinken and the Secretary of Defense on Monday pledged a total of $713 million in foreign military funding to Ukraine and 15 allied and partner countries.
Drago | Reuters
US Secretary of State Anthony Blinken said European countries have “really ambitious” plans to reduce their dependence on Russian energy, adding that “more progress” is expected on Russian oil imports in the coming weeks.
“I think the Europeans have really ambitious plans to move away from this dependence on Russian energy. The challenge is to put them into practice,” Blinken said at a hearing before the Senate Foreign Relations Committee. About half of Russia’s crude oil exports of 4.7 million barrels per day go to the European Union. Cutting it off will deprive Moscow of a major source of income.
“I think that in the coming weeks you are likely to see more progress on the oil side of the equation with regard to Russian imports. Gas is the biggest challenge,” he added.
The European Union is studying options to reduce Russian oil imports as part of other possible sanctions against Moscow over its invasion of Ukraine, but nothing has been formally proposed as governments assess their impact.
White House prepares to submit ‘huge’ funding request for more Ukrainian aid
A C-130 Hercules taxi on the flight line July 14, 2014, at Westover Air Reserve Base, Mass.
Staff Sgt. US Air Force. Kelly Jonan | US Air Force
The White House is preparing to send a request to Congress for additional aid to Ukraine early Thursday, administration officials confirmed to NBC News.
Officials described the size of the order as “huge” but did not provide an exact dollar amount because some details had not been finalized.
Officials said the dollar amount needed should be able to fund US support for Ukraine through the end of the current fiscal year, which ends in September. Since the Russian invasion of Ukraine in late February, the Biden administration has authorized $3.4 billion in military aid.
Last week, President Joe Biden said that funding authorized by Congress is running out and that he will soon send a request to lawmakers.
The latest military aid package worth $800 million, This is the eighth batch of aidIt comes after eight weeks of war and as Russian forces prepare for renewed fighting in eastern and southern Ukraine.
– Amanda Macias
Putin threatens to retaliate against anyone who interferes in the war in Ukraine
Russian President Vladimir Putin passes by a guard during a ceremony honoring the country’s Olympians and Paralympians at the Kremlin in Moscow, Russia, April 26, 2022.
Maxim Shemetov | Reuters
Russian President Vladimir Putin has warned world leaders not to interfere in what he still calls a “special military operation” in Ukraine.
“I would like to emphasize once again, that the special military operation in Ukraine and the Donbass, which began in February, will certainly implement all the goals to ensure the security of people in the Donetsk People’s Republic, the Luhansk People’s Republic and the Russian Crimea,” Putin said before the Russian legislature in St. Petersburg. “.
He said the Russian military had prevented “a real threat to our motherland.” Putin added that the Kremlin will take revenge on anyone who interferes in the ongoing military operation.
“Our response, our response, those attacks will be lightning. We have all the tools for that. Such tools that no one can brag about… and we will use them if we have to. I want everyone to know that.”
It was not immediately clear what was meant by the tools. Putin also said that global sanctions packages against Russia had failed to “suffocate us economically”.
– Amanda Macias
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