Berliner Boersenzeitung - Key Ukraine city 'divided in half' as EU oil embargo agreed

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Key Ukraine city 'divided in half' as EU oil embargo agreed

Key Ukraine city 'divided in half' as EU oil embargo agreed

Russian forces have seized control of half of eastern Ukraine's key city of Severodonetsk, a senior official said Tuesday, hours after EU leaders struck a watered-down deal to ban more than two-thirds of Moscow's oil imports.

Text size:

In central Ukraine, two Russian soldiers were sentenced to more than 11 years in jail each after a court found them guilty of firing artillery at civilian areas soon after Moscow's February 24 invasion.

Severodonetsk is one of several industrial hubs that lie on Russia's path to capturing the Donbas's Lugansk region, where Moscow has shifted the bulk of its firepower since failing to capture Kyiv in the war's early stages.

"Unfortunately, the front line divides the city in half. But the city is still defending itself, the city is still Ukrainian, our soldiers are defending it," said Oleksandr Stryuk, head of Severodonetsk's military and civil administration.

Lugansk regional governor Sergiy Gaiday earlier described the situation as "extremely complicated", conceding that parts of the city were controlled by Russian forces.

But as Russian troops edged closer to the Severodonetsk city centre, EU leaders at a summit in Brussels were tightening the economic screws on Moscow.

A compromise oil embargo deal reached late Monday, meant to punish Russia for its invasion, cuts "a huge source of financing for its war machine," European Council chief Charles Michel tweeted.

Hungarian Prime Minister Viktor Orban, one of the key figures who blocked an agreement by the 27-nation bloc, hailed the deal for preserving Budapest's supply of cheap crude from Moscow.

"Families can sleep peacefully tonight, we kept out the most hair-raising idea," Orban, whose country borders war-torn Ukraine to the west, said in a video message.

- 'Save your lives' -

Ukrainian President Volodymyr Zelensky had urged Europe to forge their "independence" from Russian energy.

The situation on the eastern front line in Donbas has become increasingly desperate, with Ukrainian towns facing near constant shelling by Russian forces.

"We see some cars driving around with Ukrainian flags so we figure that means we are still part of Ukraine," said Yevgen Onyshchenko, a 42-year-old plumber in a powerless apartment in Severodonetsk's twin city Lysychansk.

"But otherwise, we are in the dark."

A French journalist, Frederic Leclerc-Imhoff, was killed while covering civilian evacuations in the area on Monday.

An overnight rocket attack killed at least three people and wounded six in the city of Slovyansk, Donetsk regional governor Pavlo Kirilenko said Tuesday on Telegram.

"I repeat once again that there are no safe places in the Donetsk region, so I call again: evacuate -- save your lives," he said.

In the southern region of Kherson, the country's military leadership said Ukrainian forces have pushed back, as prosecutors pressed ahead with prosecutions of captured Russian soldiers.

The servicemen convicted on Tuesday -- Alexander Bobykin and Alexander Ivanov -- were both handed sentences of 11 years and six months for firing Grad missiles on two villages in the north-eastern Kharkiv region in the early days of the war.

- Gas 'quite different' -

The verdict after the trial in the Poltava region comes one week after another court, in the capital Kyiv, gave a 21-year-old Russian solider a life sentence -- the country's first judicial reckoning on Russia's invasion.

Ukraine's prosecutor general was in The Hague on Tuesday meeting her counterpart from the International Criminal Court and other officials as they seek wider war crimes prosecutions.

But while Ukraine is pushing for solidarity from its allies, European leaders meeting on Tuesday for a second day played down the chances of a rapid embargo on Russian gas to follow the partial ban on oil imports.

Europe is heavily reliant on Russian gas.

"With gas it is quite different. Therefore the gas embargo will not be an issue in the next package of sanctions" Austrian Chancellor Karl Nehammer said.

The compromise oil deal hatched on Monday exempts deliveries by pipeline, after Orban warned halting supplies would wreck Hungary's economy.

EU chief Ursula von der Leyen said the ban "will effectively cut around 90 percent of oil imports from Russia to the EU by the end of the year".

The agreement also includes plans for the EU to send nine billion euros ($9.7 billion) in "immediate liquidity" to Kyiv, Michel announced.

- 'Sit in the trench' -

Michel said the sanctions involved disconnecting Russia's biggest bank, Sberbank, from the global SWIFT system, banning three state broadcasters and blacklisting individuals blamed for war crimes.

Russia's Gazprom, meanwhile, turned off the tap to the Netherlands on Tuesday, halting gas shipments after Dutch energy firm GasTerra ignored a demand that gas supplied from April 1 be paid for in rubles.

Danish energy company Orsted has also warned its gas shipments could be cut off when a Tuesday payment deadline had passed.

Washington, however, is taking a cautious line regarding weaponry for Ukraine.

US President Joe Biden said Monday he would not send long-range rocket systems that could hit Russian territory, despite urgent requests from Kyiv for exactly that.

Ukraine has received extensive US military aid, with legislators approving another $40 billion assistance package in May.

"If you know you have a heavy weapon behind you, everyone's spirits rise," one soldier who uses the nom de guerre Luzhniy told AFP.

"Otherwise, you just sit in the trench staring at the horizon."

burs-dk/jm

(A.Lehmann--BBZ)