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Russia Ukraine News LIVE Updates: Six countries including US, UK request UNSC meeting on Ukraine situation

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Business News News Newsblogs Russia Ukraine News LIVE Updates: Six countries including US, UK request UNSC meeting on Ukraine situation

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Economic Times | 17 Mar, 2022 | 06.53AM IST

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Ukrainian President Volodymyr Zelenskyy invoked 9/11 during an urgent appeal Wednesday to the U.S. Congress for more weapons to stem the Russian assault. U.S. President Joe Biden announced an additional $800 million for Ukraine’s military and said Russian President Vladimir Putin is a “war criminal.”

In the encircled city of Mariupol, a Russian airstrike destroyed a theater where hundreds of people were sheltering. Many people were buried in the rubble, Ukraine’s foreign ministry said in a statement, though the number of casualties wasn’t clear.

Missiles and artillery slammed into high-rise apartment towers in Kyiv, setting buildings ablaze and sending smoke over the capital and its suburbs.

  • Ten people were killed while standing in line for bread in the northern city of Chernihiv, the Ukrainian General Prosecutor’s Office said.
  • Satellite images from the Maxar space technology company showed Russian self-propelled artillery and multiple-rocket launchers deployed on the outskirts of Chernihiv, their barrels and tubes aimed at the city.
  • Ukrainian Foreign Minister Dmytro Kuleba said on Twitter that the attack on the theater in Mariupol is a “horrendous war crime.” Maxar’s satellite imagery from Monday showed the word “children” written in large white letters in Russian in front of and behind the building.
  • The Russian defense ministry denied bombing the theater or anywhere else in Mariupol on Wednesday.
  • In central Kyiv, shrapnel from an artillery shell smashed into a 12-story apartment building early Wednesday, wiping out the building’s top floor and starting a fire. Emergency services reported two victims from the blaze, without specifying if they were killed or injured.
  • Fighting continued in Kyiv’s suburbs, depriving thousands of heat and clean water.
  • A Russian airstrike destroyed multiple residential apartments in the town of Markhalivka southwest of the capital, authorities said.
  • Russia now occupies the city of Ivankiv, 80 kilometers (50 miles) north of Kyiv, and controls the surrounding region on the border with Belarus, local officials said.
  • Relentless strikes pounded the northeastern city of Kharkiv close to the Russian border, but Ukrainian forces continued to thwart Russia’s incursion into the heart of the city, city officials said.
  • Powerful explosions also thundered in the region around Kherson, a strategic port near the Black Sea. Ukrainian military forces have dealt a punishing blow to Russian air assets stationed at the airport in Kherson, which Russian troops seized early in the war, the Ukraine military’s General Staff said late Wednesday.
  • Satellite photos by Planet Labs PBC analyzed by The Associated Press show helicopters and vehicles on fire at the air base after what Ukraine said was its strike on Tuesday.
  • There were also explosions near a train station in the southeastern city of Zaporizhzhia, home to several power stations.
  • The region “is on the verge of a humanitarian catastrophe,” Zelenskyy’s office warned.

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Oil futures open higher on IEA supply warning

Oil futures rose in early trading on Thursday, recovering some of the prior day’s losses, after the International Energy Agency (IEA) said a decline in oil demand due to higher prices would not offset a shut-in of Russian oil supplies. Front-month Brent crude futures were up about 66 cents, or 67%, to $98.68 a barrel at 1222 GMT , while U.S. West Texas Intermediate (WTI) crude was up 84 cents, or 86%, to $95.86 a barrel.

Russia sanctions pierce luxury jet world’s ultra-private bubble

The private jet world is on high alert to avoid doing business with Russia at a time when a Twitter account run by a Florida teenager, @RUOligarchJets, has focused popular attention on the fugitive luxury fleets of the ultra-rich. “When I look at compliance, it’s like a taco, wrapped in a burrito, wrapped in a chalupa,” said an executive at a business jet manufacturer, who spoke on condition of anonymity. According to European data research and consulting company WINGX, there are only about 100 business jets on the Russia Register. Yet about 400 corporate aircraft flew frequently from the country last year, raising questions over the true extent of Russian control of the fleet.

Biden administration approves more LNG exports to Europe

The Biden administration said on Wednesday it had authorized additional exports of liquefied natural gas from two major facilities on the U.S. Gulf Coast, in a move that could help Europe deal with an energy crunch worsened by Russia’s invasion of Ukraine. The Department of Energy (DOE) issued approvals allowing major supplier Cheniere Energy to export the equivalent of 0.72 billion cubic feet per day (bcfpd) of the supercooled fuel from its Sabine Pass, Louisiana and Corpus Christi, Texas, terminals to countries that do not have free trade agreements with the United States including all of Europe.

Ukraine’s military says it hit Kherson airport

Ukrainian military forces have dealt a punishing blow to the airport in Kherson, which Russian troops had seized early in the war, the General Staff said late Wednesday. It said the Russians were trying to remove any surviving military equipment. Ukraine’s military said it hit the airport on Tuesday. Satellite photos taken afterward by Planet Labs PBC and analyzed by The Associated Press show helicopters and vehicles on fire at the air base.

Russia says mission ‘going to plan’

Putin on Wednesday said he would discuss neutral status for Ukraine and that what he calls a “special military operation” to demilitarize the country was “going to plan”. Kyiv and allies say his actions are an unprovoked incursion, and more than 3 million Ukrainians have fled and hundreds have died. The United States announced an additional $800 million in security assistance to Ukraine to fight Russia, with the new package including drones, anti-armour and anti-aircraft systems.

Biden calls Putin a war criminal

U.S. President Joe Biden on Wednesday called Russian leader Vladimir Putin a war criminal in comments the Kremlin said were “unforgivable” as it insisted the war in Ukraine was “going to plan” amid talk of compromise at peace talks. Kremlin forces kept up their bombardments of besieged cities, including intensified shelling of the capital Kyiv, and civilians waiting in line for bread and sheltering in a theatre were killed, according to U.S. and Ukrainian officials

FAO chief economist warns of Ukraine conflict’s possible heavy toll on food security

The chief economist of the Food and Agriculture Organization (FAO), Maximo Torero, on Wednesday warned of the possible heavy toll of the Ukraine conflict on world food security. To assess the potential impact on international food prices caused by a conflict-induced reduction in cereal and vegetable oil exports from Ukraine and Russia, simulations have been carried out, he said.

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