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Russia’s War Aims in Ukraine Widen, U.S. Says Any Annexations Will Be Challenged
Date: July 20, 2022
(Reuters) -Russia’s military “tasks” in Ukraine now go beyond the eastern Donbas region, Foreign Minister Sergei Lavrov said on Wednesday, as its forces shelled eastern and southern Ukraine. Lavrov also told state news agency RIA Novosti that Moscow’s objectives will expand still further if the West keeps supplying Kyiv with long-range weapons such as the...
Russia Considers Budget Rule to Build up Reserves, Cap Rouble Strength
Date: July 19, 2022
MOSCOW (Reuters) -Russia may reinstate the budget rule that diverts excess oil revenues into its rainy-day fund, setting a new cut-off oil price of $60 per barrel, a source close to the Kremlin said on Tuesday, confirming an earlier report. The rule was fully suspended after harsh Western sanctions imposed after Moscow started what it...
Swiss Gold Imports From Russia Fall in June
Date: July 19, 2022
ZURICH (Reuters) -Switzerland imported 284 kg of gold worth around $16 million from Russia in June, customs data showed on Tuesday, down from more than 3 tonnes worth some $200 million in May. The shipments have raised questions about whether Swiss firms may be helping finance Moscow’s invasion of Ukraine — something Switzerland’s major refineries...
Russia Strikes Cities Across Ukraine, Gas Supplies in Focus
Date: July 19, 2022
By Tom Balmforth and Max Hunder KYIV (Reuters) -Russian forces kept up their bombardment of cities across Ukraine, with intense shelling of Sumy in the north, cluster bombs targeting Mykolaiv and a missile strike in Odesa in the south, authorities said on Tuesday. After failing to capture the capital Kyiv at the outset of the...
Russia to Introduce New Budget Rule of $60 per Barrel of Oil – Vedomosti
Date: July 19, 2022
MOSCOW (Reuters) – Russia’s finance ministry is proposing to raise the cut-off oil price for its fiscal rule – the level at which Moscow starts buying foreign currency with profits on energy sales – to $60 a barrel, the Vedomosti daily reported on Tuesday. Under the mechanism, Russia buys foreign currency with its booming energy...
Zelenskiy Sidelines Close Allies in Kyiv’s Biggest Purge of War
Date: July 18, 2022
By Tom Balmforth and Max Hunder KYIV (Reuters) -President Volodymyr Zelenskiy sidelined his childhood friend as head of Ukraine’s security service, and another close ally as top prosecutor, in Kyiv’s biggest internal purge of the war, citing their failure to root out Russian spies. The careers of SBU security service chief Ivan Bakanov and Prosecutor...