Connect with us

Ukraine Crisis

The White House wants to end imports of Russian oil

Published

on

The White House says it is in an “active discussion” over whether to suspend imports of Russian oil but no decision has yet been made.

The US imports more than 500,000 barrels of Russian crude per day.

That accounts for only about 8% of its overall oil imports, but any changes in supply could have serious consequences for Americans.

Oil prices have surged to a 14-year high, while gasoline prices are near their national record.

Press secretary Jen Psaki on Monday said the surging price levels are “the direct result of the invasion of Ukraine” but prices were at a high level prior to the attack as well.

Price of oil soars

The price of crude oil has jumped more than $10 a barrel and shares were sharply lower as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia.

Brent crude oil surged more than $10 early on Monday. Benchmark US crude was up nearly $9, at more than $124 a barrel.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Ukraine Crisis

Ukraine and Moldova on the edge of EU membership

Published

on

Ukraine and Moldova have officially been granted EU candidate status, moving the nations one step closer to joining the union

The decision comes nearly four months after Ukraine’s Zelensky launched his country’s bid to join the bloc, and deals a major blow to Russian President Vladimir Putin.

But Russia’s President Putin claims he has “nothing against” the possible membership, saying it’s Ukraine’s “sovereign decision” to join or not.

But some analysts are doubting whether Russia’s comments are genuine.

Continue Reading

Ukraine Crisis

Russia targets Ukrainian capital of Kyiv during G7

Published

on

Russia has targeted the Ukrainian capital of Kyiv, as leaders of the G7 meet in Germany

A missile strike left one dead, and six wounded after a residential apartment was hit. It’s the first such strikes on the capital in three weeks.

The city’s Deputy Mayor says four people were admitted to local hospitals, as authorities continue their search and rescue efforts.

It’s believed a 7-year-old girl is among those who are injured in the complex. Meanwhile, a missile funnel has been found in the backyard of a nearby kindergarten.

U-S President Joe Biden says the strikes are barbaric, but declined to comment on whether they were deliberately occurring because of the G7 meeting.

The Group of Seven leaders will ban imports of gold from Russia, the latest in a series of sweeping sanctions against the nation for its war in Ukraine.

Leaders will also discuss rising energy costs and inflation.

President Biden is also pledging 200 billion dollars as part of a global infrastructure package to counter China’s Belt and Road Initiative.

Meanwhile, Russia maintains the invasion is a special military operation.

The nation’s Defence Minister has paid a visit to Russian troops and giving medals to soldiers.

President Vladimir Putin says his nation will transfer nuclear-capable missile systems to Belarus in the coming months.

Belarus has been a close ally to Russia. The nation’s President travelled to St Petersburg for a series of meetings at the weekend.

Meanwhile, the G7 says there is one world leader who is missing from their high-stakes talks.

Continue Reading

Media

Body behind Eurovision “understands the disappointment” over next host city

Published

on

Ukraine’s Kalush Orchestra won the Eurovision contest in May, capturing the hearts of the world

After taking out the win, that would mean Ukraine would host the competition next year.

But the European Broadcasting Union announced last week it could not be held in Ukraine following Russia’s invasion.

The body behind Eurovision now says it “understands the disappointment” over its decision not to hold next year’s song contest in Ukraine.

The EBU said it was in talks with the BBC to host the contest in the UK.

That’s because British entrant Sam Ryder came second in this year’s contest with his single Spaceman.

The announcement was met with disappointment by Ukrainians but the E-B-U doubled down on its position, saying in a statement that it “fully understands the disappointment that greeted the announcement”.

Continue Reading

Trending on Ticker

Copyright © 2022 The Ticker Company PTY LTD