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Russia-Ukraine war to have severe economic impact on Europe: IMF

International Monetary Fund (Anadolu) ANKARA - Russia's war on Ukraine will have severe economic consequences for Europe, coming at a time when economic recovery from the coronavirus pandemic was incomplete, the International Monetary Fund (IMF) said in a report on Friday. "Large increases in commodity prices and compounded supply-side disruptions will further fuel inflation and cut into households' incomes and firms' profits," stated the report titled "Regional Economic Outlook for Europe". "Inflation is projected to hit a multi-decade high in many countries. And new risks loom from escalating fighting and disruptions to critical energy flows," it added. The IMF said European policymakers' main challenges are caring for the refugees, helping vulnerable households and companies that try to cope with higher spending on energy, and improving energy security. "The war and its aftermath will also add to the structural challenges facing pos ....

United States , United Kingdom , Turkey General , International Monetary Fund , European Union , Economic Outlook , International Monetary Fund Anadolu Ankara Russia 39s War On Ukraine Will Have Severe Economic Consequences For Europe , Oming Ata Time When Economic Recovery From The Coronavirus Pandemic Was Incomplete , He International Monetary Fund Imf Said Ina Report On Friday Quot Large Increases In Commodity Prices And Compounded Supply Side Disruptions Will Further Fuel Inflation Cut Into Households 39 Incomes Firms Profits , Uot Stated The Report Titled Quot Regional Economic Outlook For Europe Inflation Is Projected To Hita Multi Decade High In Many Countries And New Risks Loom From Escalating Fighting Disruptions Critical Energy Flows , Uot It Added The Imf Said European Policymakers 39 Main Challenges Are Caring For Refugees , Elping Vulnerable Households And Companies That Try To Cope With Higher Spending On Energy , Nd Improving Energy Security Quot The War And Its Aftermath Will Also Add To Structural Challenges Facing Post Pandemic Europe In Ukraine , Ocial And Economic Infrastructure Destroyed By The War Will Need To Be Rebuilt , Hich Will Require Large Financing Flows From Donors , Uot It Added The Russia Ukraine War , Hich Started On February 24 , As Drawn International Outrage , With The European Union , The United States , And The United Kingdom , Mong Others , Mplementing Tough Financial Sanctions On Moscow Anadolu ,

Russia's war in Ukraine exacerbating global food crisis: diplomat

US Deputy Secretary of State Wendy Sherman WASHINGTON - Russia's war in Ukraine is exacerbating a global food crisis already worsened by coronavirus disease 2019 (Covid-19), US Deputy Secretary of State Wendy Sherman said Tuesday. Speaking at a UN Security Council meeting, Sherman said Russian warships are blocking access to Ukraine's ports, essentially cutting off exports of grain, and are reportedly preventing about 94 ships carrying food for the world market from reaching the Mediterranean. "Already, food prices are skyrocketing in low and in middle-income countries as Russia chokes off Ukrainian exports," she said, adding prices of wheat have risen between 20 percent and 50 percent across the Middle East and Africa so far this year. She added nearly half of all Ukrainians are unable to access food, adding people are feeling the war's effects on food security "far beyond Ukraine's borders." Sherman said the US is "particularly concerned" ....

United Kingdom , United States , Vladimir Putin , Wendy Sherman , European Union , Un Security Council , State Wendy Sherman , Middle East , Russian President Vladimir , President Putin , Us Deputy Secretary Of State Wendy Sherman Washington Russia 39s War In Ukraine Is Exacerbatinga Global Food Crisis Already Worsened By Coronavirus Disease 2019 Covid 19 , S Deputy Secretary Of State Wendy Sherman Said Tuesday Speaking Ata Un Security Council Meeting , Herman Said Russian Warships Are Blocking Access To Ukraine 39s Ports , Ssentially Cutting Off Exports Of Grain , Nd Are Reportedly Preventing About 94 Ships Carrying Food For The World Market From Reaching Mediterranean Quot Already , Ood Prices Are Skyrocketing In Low And Middle Income Countries As Russia Chokes Off Ukrainian Exports , Uot She Said , Dding Prices Of Wheat Have Risen Between 20 Percent And 50 Across The Middle East Africa So Far This Year She Added Nearly Half All Ukrainians Are Unable To Access Food , Dding People Are Feeling The War 39s Effects On Food Security Quot Far Beyond Ukraine Borders Sherman Said Us Is Particularly Concerned About Countries Like Lebanon , Land Morocco , Hich She Said Rely Heavily On Ukrainian Imports To Feed Their Populations Russian Claims That The Sanctions Imposed By Us And Its Allies After War Began Had Raised Food Costs , He Said Sanctions Are Not Preventing Grain From Leaving Ukraine 39s Ports But Russian President Vladimir Quot Putin War Is Russia Own Food And Agricultural Exports Under By The Us Or Our Allies Partners , Uot She Added Quot The Responsibility For Waging War On Ukraine And 39s Effects Global Food Security Falls Solely President Putin Russia , Hich Started On February 24 , As Been Met With International Outrage , With The European Union ,

Meaningful talks with Ukraine only chance for Russia: Zelenskyy

Ukraine President Volodymyr Zelenskyy (Anadolu) ANKARA - The president of Ukraine late Friday demanded that Russia conduct "meaningful" negotiations to ensure peace and security in his country. "Meaningful talks on peace and security for Ukraine are the only chance for Russia to reduce the damage from its own mistakes," Volodymyr Zelenskyy said in a video message. "It is time to restore territorial integrity and justice for Ukraine. Otherwise, Russia's losses will be so huge that several generations will not be enough to rebound." Zelenskyy also announced that government officials have elaborated the decision to fully reboot the customs service. He said the country eliminated bureaucracy, paperwork, VAT (value added tax), and customs duties to easily bring cargo needed for the defense of people into Ukraine. "The goal is clear: to prevent the human factor from hindering the speedy supply of goods, which are really needed now," he noted. The R ....

Turkey General , Volodymyr Zelenskyy , United Nations , Ukraine President Volodymyr Zelenskyy Anadolu Ankara The Of Late Friday Demanded That Russia Conduct Quot Meaningful Negotiations To Ensure Peace And Security In His Country Talks On For Are Only Chance Reduce Damage From Its Own Mistakes , Uot Volodymyr Zelenskyy Said Ina Video Message Quot It Is Time To Restore Territorial Integrity And Justice For Ukraine Otherwise , Ussia 39s Losses Will Be So Huge That Several Generations Not Enough To Rebound Quot Zelenskyy Also Announced Government Officials Have Elaborated The Decision Fully Reboot Customs Service He Said Country Eliminated Bureaucracy , At Value Added Tax , Nd Customs Duties To Easily Bring Cargo Needed For The Defense Of People Into Ukraine Quot Goal Is Clear Prevent Human Factor From Hindering Speedy Supply Goods , Hich Are Really Needed Now , Uot He Noted The Russia Ukraine War , Hich Started On February 24 , As Drawn International Condemnation , Ed To Financial Restrictions On Moscow , Nd Spurred An Exodus Of Global Firms From Russia At Least 816 Civilians Have Been Killed And 1 , 333 Injured In Ukraine Since The Beginning Of War , He United Nations Un Said , Hile Noting The Figure Is Probably Higher More Than 3 27 Million People Have Fled To Neighboring Countries , Dded The Un Refugee Agency Anadolu ,

Rescue work continues in theater reportedly hit by Russian forces

Mariupol City theater (Anadolu) ANKARA - Ukrainian officials said Friday that rescue workers continue to search for survivors in the rubble of a theater in the besieged city of Mariupol after Russian forces reportedly hit the building where residents were seeking shelter. More than 1,000 people, including women and children, were hiding in the building during the bomb attack Wednesday, the Mariupol City Council said on Telegram. "In the rare moments of relative calm, rescuers quickly approached the site of the destroyed theater and rescued Mariupol residents who were trapped," it said. "According to preliminary information, there is no confirmed information on casualties, yet. But a person is in serious condition." The Russia-Ukraine war, which started on February 24, has drawn international condemnation, led to financial restrictions on Moscow, and spurred an exodus of global firms from Russia. At least 816 civilians have been killed and 1,333 injured in Ukraine si ....

Turkey General , Mariupol City Council , United Nations , Mariupol City Theater Anadolu Ankara Ukrainian Officials Said Friday That Rescue Workers Continue To Search For Survivors In The Rubble Ofa Besieged Of After Russian Forces Reportedly Hit Building Where Residents Were Seeking Shelter More Than 1 , 5000 People , Including Women And Children , Ere Hiding In The Building During Bomb Attack Wednesday , He Mariupol City Council Said On Telegram Quot In The Rare Moments Of Relative Calm , Escuers Quickly Approached The Site Of Destroyed Theater And Rescued Mariupol Residents Who Were Trapped , Uot It Said Quot According To Preliminary Information , Here Is No Confirmed Information On Casualties , Et Buta Person Is In Serious Condition Quot The Russia Ukraine War , Hich Started On February 24 , As Drawn International Condemnation , Ed To Financial Restrictions On Moscow , Nd Spurred An Exodus Of Global Firms From Russia At Least 816 Civilians Have Been Killed And 1 , 333 Injured In Ukraine Since The Beginning Of War , He United Nations Un Said , Hile Noting The Figure Is Probably Higher More Than 3 27 Million People Have Also Fled To Neighboring Countries , Aid The Un Refugee Agency Anadolu ,