Berliner Boersenzeitung - US halts Russian oil, Moscow pledges new Ukraine corridors

EUR -
AED 4.313975
AFN 80.547545
ALL 97.434934
AMD 449.73046
ANG 2.102303
AOA 1077.171324
ARS 1492.791377
AUD 1.764031
AWG 2.116752
AZN 2.0016
BAM 1.955498
BBD 2.367734
BDT 143.357833
BGN 1.958424
BHD 0.442932
BIF 3495.35953
BMD 1.174668
BND 1.502568
BOB 8.102747
BRL 6.532923
BSD 1.172619
BTN 101.493307
BWP 15.744565
BYN 3.837607
BYR 23023.499991
BZD 2.355536
CAD 1.60865
CDF 3393.617337
CHF 0.926897
CLF 0.028411
CLP 1114.547663
CNY 8.403625
CNH 8.419418
COP 4775.561579
CRC 592.408399
CUC 1.174668
CUP 31.128712
CVE 110.247953
CZK 24.57048
DJF 208.817712
DKK 7.463496
DOP 71.148999
DZD 152.157473
EGP 57.684081
ERN 17.620026
ETB 163.190867
FJD 2.634488
FKP 0.874805
GBP 0.867394
GEL 3.18381
GGP 0.874805
GHS 12.254105
GIP 0.874805
GMD 84.57654
GNF 10176.42647
GTQ 9.000608
GYD 245.342064
HKD 9.220682
HNL 30.706252
HRK 7.537617
HTG 153.886205
HUF 396.850416
IDR 19217.339549
ILS 3.939608
IMP 0.874805
INR 101.616219
IQD 1536.162471
IRR 49468.226083
ISK 142.276286
JEP 0.874805
JMD 187.051077
JOD 0.832886
JPY 173.446879
KES 151.506573
KGS 102.553011
KHR 4697.273684
KMF 491.603168
KPW 1057.221015
KRW 1624.959912
KWD 0.358662
KYD 0.977249
KZT 639.001194
LAK 25279.09122
LBP 105069.953557
LKR 353.815291
LRD 235.113646
LSL 20.812382
LTL 3.468491
LVL 0.710546
LYD 6.330021
MAD 10.545169
MDL 19.72395
MGA 5179.199166
MKD 61.550483
MMK 2465.733848
MNT 4216.363074
MOP 9.481134
MRU 46.800763
MUR 53.342135
MVR 18.094285
MWK 2033.385588
MXN 21.791567
MYR 4.958867
MZN 75.131746
NAD 20.812382
NGN 1799.510154
NIO 43.153327
NOK 11.939518
NPR 162.388891
NZD 1.952022
OMR 0.45182
PAB 1.172619
PEN 4.153358
PGK 4.860248
PHP 67.132737
PKR 332.301418
PLN 4.249143
PYG 8783.641829
QAR 4.274539
RON 5.067641
RSD 117.131888
RUB 93.035614
RWF 1695.037905
SAR 4.407599
SBD 9.732239
SCR 16.61843
SDG 705.392672
SEK 11.182226
SGD 1.503815
SHP 0.923105
SLE 26.959075
SLL 24632.212956
SOS 670.196371
SRD 43.067458
STD 24313.263549
STN 24.496212
SVC 10.260413
SYP 15272.941179
SZL 20.804783
THB 38.024448
TJS 11.198868
TMT 4.123086
TND 3.423471
TOP 2.751195
TRY 47.660213
TTD 7.973767
TWD 34.632517
TZS 3004.935362
UAH 49.031718
UGX 4204.349902
USD 1.174668
UYU 46.972737
UZS 14837.70572
VES 141.281363
VND 30711.704452
VUV 140.295141
WST 3.217414
XAF 655.855588
XAG 0.030777
XAU 0.000352
XCD 3.1746
XCG 2.113373
XDR 0.815674
XOF 655.855588
XPF 119.331742
YER 283.036769
ZAR 20.886665
ZMK 10573.429114
ZMW 27.351771
ZWL 378.242735
  • RBGPF

    -1.1200

    73.88

    -1.52%

  • JRI

    -0.0600

    13.09

    -0.46%

  • BCC

    1.7100

    88.14

    +1.94%

  • SCS

    0.0700

    10.58

    +0.66%

  • RIO

    -0.7300

    63.1

    -1.16%

  • GSK

    -0.2600

    37.97

    -0.68%

  • CMSC

    0.0550

    22.485

    +0.24%

  • NGG

    -0.0800

    72.15

    -0.11%

  • SCU

    0.0000

    12.72

    0%

  • RYCEF

    -0.0400

    13.2

    -0.3%

  • RELX

    -0.9800

    52.73

    -1.86%

  • CMSD

    0.0400

    22.89

    +0.17%

  • BTI

    -0.3700

    52.25

    -0.71%

  • BCE

    -0.2300

    24.2

    -0.95%

  • AZN

    -1.0200

    72.66

    -1.4%

  • VOD

    -0.0900

    11.43

    -0.79%

  • BP

    0.0700

    32.2

    +0.22%

US halts Russian oil, Moscow pledges new Ukraine corridors

US halts Russian oil, Moscow pledges new Ukraine corridors

The United States has banned imports of Russian oil, firing one of its biggest economic weapons against Moscow over the war in Ukraine where new humanitarian corridors were set to open Wednesday for civilians trying to escape besieged cities.

Text size:

Russia said the routes would open in five cities that its forces have been shelling, but Kyiv has repeatedly warned Moscow is not genuinely looking to allow civilians to flee and on Tuesday accused Moscow of bombing one corridor.

"Such actions are nothing other than a genocide," the Ukrainian defence ministry wrote on Facebook.

President Joe Biden said Tuesday the US oil embargo on Russia would cut "the main artery" of Moscow's economy, and vowed Ukraine would "never be a victory" for Russian leader Vladimir Putin.

The invasion has sparked the biggest war in Europe and the continent's largest refugee crisis since World War II, while the West has responded with sanctions on Russia that have reverberated around the global economy.

Ukrainian President Volodymyr Zelensky has complained he needs more air support to fight Moscow's offensive, with the invading forces maintaining a devastating bombing campaign.

But Washington on Tuesday rejected an offer from NATO ally Poland to give Kyiv jets via an American air base because of fears of a wider conflict with Russia.

The new humanitarian corridors were set to open in the capital Kyiv, port city Mariupol, and Kharkiv, Sumy and Chernihiv, at 0700 GMT, Russian defence ministry official said, according to TASS state news agency.

It did not say if the corridors would lead to Russia or Belarus, a condition that Kyiv had rejected in previous evacuation plans.

The United Nations said more than two million civilians have flooded across Ukraine's borders to escape Russian shelling.

Successful evacuations from some of the agreed humanitarian corridors have been reported.

At least 5,000 people were freed in the northern city of Sumy, Ukrainian officials said Wednesday, after days of heavy fighting and an air strike that killed 21 people.

Evacuations also took place outside the capital Kyiv.

But attempted evacuations from the port town of Mariupol have failed on several occasions, with Kyiv saying Moscow refused to allow children, women or the elderly to leave.

"This situation is really apocalyptic for people, it is getting worse," said Ewan Watson, spokesperson for the International Committee of the Red Cross (ICRC).

A six-year-old girl identified only as Tanya died from dehydration under the rubble of her destroyed home, said authorities in the southern hub, which has had no water, power or heating since Friday.

- 'Fight to the end' -

Russian troops are slowly encroaching on Kyiv despite intense efforts by outgunned Ukrainian forces, and moving faster through the east and north of the country.

In the suburb of Irpin, seen as a critical point for the advance on the capital, civilians fled in icy wind and thick snowfall, AFP reporters witnessed.

People waited in a long line to cross over the Irpin river on makeshift walkways of planks and mangled metal, after the Ukrainians blew up the bridge leading into the capital to hamper any Russian advance.

"I didn't want to leave, but there's nobody left in the homes around us, no water, no gas and no electricity," Larissa Prokopets, 43, told AFP.

In a defiant speech to British lawmakers, Zelensky invoked Winston Churchill's resistance against Nazi Germany as he vowed to "fight to the end."

"We will fight in the forests, in the fields, on the shores, in the streets," he told the packed chamber, which gave him a standing ovation.

Western governments have baulked at the idea of a no-fly zone to defend Ukraine's skies despite his requests.

The Pentagon on Tuesday rejected the Polish plan to deliver Mig-29 fighter jets to a US air base in Germany, saying it was not "tenable".

"The prospect of fighter jets... departing from a U.S./NATO base in Germany to fly into airspace that is contested with Russia over Ukraine raises serious concerns for the entire NATO alliance," spokesman John Kirby said in a statement.

- 'Main artery' cut -

Britain said it would join the United States in phasing out Russian oil by year's end while oil giants BP and Shell announced an immediate halt to Russian oil and gas purchases.

The European Union also said it would slash gas imports by two-thirds.

The United States also said the Kremlin's prize geopolitical energy project, the Nord Stream 2 pipeline, was now dead.

"It is a hunk of metal at the bottom of the sea, I don't think it will ever be revived," Undersecretary of State for Political Affairs Victoria Nuland told US lawmakers Tuesday.

McDonald's, Coca-Cola and Starbucks also suspended their operations in Russia, joining the international chorus of outrage.

With the growing raft of Western sanctions beginning to bite, ratings agency Fitch downgraded Russia deep into junk territory on Tuesday, predicting a sovereign default to be "imminent."

The pressure has grown day by day on businesses and sports to sever ties with Moscow and the Premier League announced Tuesday it would suspend its deal with its Russian broadcast partner.

- Chernobyl loses contact -

Since invading Ukraine, Russia has taken control of the defunct Chernobyl atomic plant, captured Europe's biggest nuclear plant and put its nuclear forces on alert.

The Chernobyl nuclear power plant is no longer transmitting data to the UN's atomic watchdog, the agency said Tuesday, as it voiced concern for staff working under Russian guard at the Ukrainian facility for almost two weeks.

Putin is using nuclear "blackmail" to keep the international community from interfering the conflict, the head of the Nobel prize-winning group ICAN told AFP Tuesday.

"It is incredibly worrying and overwhelming."

burs-jfx/kma

(O.Joost--BBZ)