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Wednesday, November 30, 2022

Live Updates | UK sees rising pressure on grain prices

LONDON – British military officials say Ukraine’s land export routes are “highly impossible” to address the problems caused by Russia’s blockade of Odessa’s Black Sea port.

And that will put further pressure on global grain prices.

Britain’s Defense Ministry said in an update posted on Wednesday morning that there had been no “significant” merchant shipping in or out of Odessa since the start of the Russian offensive.

The ministry says the blockade, combined with the lack of underground routes, means that significant supplies of grain remain in storage and cannot be exported.

“The threat of a naval blockade by Russia continues to block access by commercial shipping to Ukrainian ports, resulting in a reduction in supply that will further increase the price of many key products,” the ministry said.

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Major Developments in the Russo-Ukraine War:

– battle scars After 3 months in Ukraine seems to be everywhere

– save children: The end of the war on the city of Eastern Ukraine

– Delegations from Sweden, Finland will visit Turkey for NATO talks

America will end Russia’s ability to pay international investors

– Britain approves sale of Chelsea Sanctioned by Abramovich Soccer Club

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Follow Associated Press’s coverage of the war in Ukraine https://apnews.com/hub/russia-ukraine

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Other Developments:

KYIV, Ukraine — A regional governor in eastern Ukraine says at least six civilians have been killed in the latest Russian shelling.

Luhansk region governor Serhi Haidai said on Wednesday that eight other people were injured in shelling in the city of Svyarodonetsk in the past 24 hours.

Svyarodonetsk is at the center of the fighting in the Donbass, Ukraine’s eastern industrial heartland, where Russian forces have been pushing back their offensive despite stiff resistance from Ukraine.

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Haidai accused the Russians of deliberately targeting the shelters where civilians were hiding.

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Ankara, Turkey – Delegations from Sweden and Finland are due to hold talks with senior Turkish officials in Ankara on Wednesday, aimed at overcoming Turkey’s objections to their historic bids to join NATO.

Sweden and Finland submitted their written applications last week to join the alliance, one of the biggest geopolitical implications of Russia’s war in Ukraine – and which could rewrite Europe’s security map.

Turkey has said that it opposes the membership of the two Nordic countries in the military alliance. It cites complaints with Sweden – and to a lesser extent Finland – alleged support for the Kurdistan Workers’ Party, or PKK, and other entities that Turkey sees as a security threat. It also accuses the two of imposing arms export sanctions on Turkey and refusing to extradite suspected “terrorists”.

Turkey’s objections to Russia’s invasion of Ukraine have undermined Stockholm and Helsinki’s hopes of quick NATO membership and put the credibility of the trans-Atlantic alliance at stake. All 30 NATO members must agree to accept the new members.

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Berlin: Germany’s foreign minister says Russia has left Sweden and Finland no choice but to join NATO.

Annalena Berbock said Germany would support membership of both countries and called it a “real advantage” for the military alliance.

He spoke late Tuesday ahead of his trip to Norway for a meeting of the Council of the Baltic Sea States.

Bairbock said Germany would use the group’s presidency starting in July to promote the use of offshore wind power in the Baltic to help countries wean themselves off Russian energy imports.

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WASHINGTON – The US will on Wednesday close the last way for Russia to pay off its billions in debt to international investors, making Russian default on its loans for the first time since the Bolshevik revolution, all but inevitable.

The Treasury Department said in a notification that it does not plan to renew the license that allowed Russia to pay its debtors through US banks.

Since the first round of sanctions, the Treasury Department has given banks a license to process any dollar-denominated bond payments from Russia. That window ends at midnight on May 25.

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LONDON – Roman Abramovich’s 19-year ownership of Chelsea is coming to an end after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium of Los Angeles Dodgers part-owner Todd Boehley.

The government had to ensure that Abramovich, who had been sanctioned over his relationship with Russian President Vladimir Putin after the invasion of Ukraine, did not benefit from the enforced sale of the club given his investment in one of the most successful in European football. got changed.

The current FIFA Club World Cup winners and 2021 European champions will be sold for 2.5 billion pounds ($3.1 billion) – the highest price ever for a sports team – with the Premier League’s approval on Tuesday.

Abramovich’s assets were frozen in March and Chelsea have been operating under a government license since it expired on May 31.

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