US President Joe Biden and Western leaders have described "unprecedented" economic penalties and sanctions "with massive consequences" in the event Russia invades Ukraine.
The Kremlin said in response the move would be pointless since Russian officials are barred from holding wealth abroad and that it would damage diplomacy on the Ukraine crisis. Another potential sanctions target is the controversial Nord Stream 2 pipeline connecting Russia with Germany. With construction complete, it is set to double natural gas supplies to Europe.Fortress RussiaRussia has weathered waves of Western sanctions in the wake of its annexation of the Crimean peninsula from Ukraine in 2014, which hit the ruble and saw foreign investment dwindle.
The initiative calls for Russian companies to replace banned imported goods — such as French and Italian cheese — with local produce, a measure that Putin described as an “opportunity”.While the political elites have felt little to no pressure from Western sanctions, the Russian population has been taking the hit for years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
[EDITORIAL] Russia, Ukraine: Pulling Back From The BrinkFor those familiar with international affairs, the Cuban missile crisis was a major confrontation in October, 1962 that brought the United States of
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Brazil's Bolsonaro to visit Russia despite Ukraine crisis - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Ukraine Calls On West To Be ‘Firm’ In Russia TalksKyiv on Saturday urged the West to remain “vigilant and firm” in its talks with Russia, as US President Joe Biden announced a small troop deployment to eastern Europe amid fears Moscow could invade Ukraine. Washington’s top defence officials warned Friday the Kremlin had massed enough troops and hardware at the border to threaten … Continue reading Ukraine Calls On West To Be ‘Firm’ In Russia Talks
Source: channelstv - 🏆 7. / 63 Read more »
Biden in talks with Ukraine's President over Russia - Punch NewspapersThe most widely read newspaper in Nigeria Let the World War 3 begin 😂
Source: MobilePunch - 🏆 8. / 63 Read more »
Russia Records Over 100,000 COVID-19 Cases In One DayRussia reported more than 100,000 daily coronavirus cases for the first time on Saturday as the country weathers a surge of infections driven by the highly contagious Omicron variant. A government Covid-19 portal registered 113,122 new cases over 24 hours, nearly double the number of daily infections just a week ago. The number of … Continue reading Russia Records Over 100,000 COVID-19 Cases In One Day Covid 19 still dey Russia?
Source: channelstv - 🏆 7. / 63 Read more »
'Anxiety, concern:' Ukrainians in Poland on Russia threat | The Guardian Nigeria News - Nigeria and World NewsHrystyna Zanyk, one of an estimated 1.5 million Ukrainians living in neighbouring Poland, said they fear that Russia will invade her homeland has left the community rattled
Source: GuardianNigeria - 🏆 1. / 94 Read more »