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Russia Ukraine News Highlights | 'Full trade embargo' among options US can still use against Russia: Report

Russia Ukraine News Highlights | Options the United States could still take toward Russia amid Moscow's invasion of Ukraine include a full trade embargo and blocking Russia's access to international waterways, U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC on Monday.

March 14, 2022 / 23:00 IST
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Russia Ukraine News Highlights | Ukrainian President Volodymyr Zelensky warned NATO Monday that its member states would soon be attacked by Russian forces after an air strike hit a Ukrainian military base close to the Polish border.

March 14, 2022 / 23:00 IST

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March 14, 2022 / 22:48 IST

Russia-Ukraine Crisis LIVE | US options remain toward Russia, including full trade embargo: CNBC 

Options the United States could still take toward Russia amid Moscow's invasion of Ukraine include a full trade embargo and blocking Russia's access to international waterways, U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC on Monday.Possible U.S. options remaining on the table also include prohibitions on nickel, uranium and titanium as well as on Russian entities' crypto assets, CNBC reporter Kayla Tausche said in a post on Twitter, citing an interview with Adeyemo. (Reuters)

March 14, 2022 / 21:10 IST

Russia-Ukraine Crisis LIVE | Ukraine economy could shrink by a third due to Russia invasion, IMF report says

Ukraine's economy is expected to contract by 10 percentin 2022 as a result of Russia's invasion, but the outlook could worsen sharply if the conflict lasts longer, the International Monetary Fund said in a staff report released on Monday.

The report, prepared ahead of the IMF's approval of $1.4 billion in emergency financing, said Ukraine's economic output could shrink by 25to 35 percent, based on real wartime gross domestic product data from Iraq, Lebanon and other countries at war. The report said Ukraine has an external financing gap of $4.8 billion, but its financing needs were expected to grow and it would require significant additional concessional financing.

The country's public debt was expected to spike to 60 percentof GDP in 2022 from around 50% in 2021, the report said. (Reuters)

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March 14, 2022 / 20:51 IST

Russia-Ukraine Crisis LIVE | Dollar edges lower as traders eye Moscow-Kyiv talks

The dollar edged lower against a basket of currencies on Monday, but held near a 21-month high hit last week, as investors eyed Russia-Ukraine peace talks, while major central bank meetings this week kept a lid on large moves in foreign exchange.

The dollar index, which measures the greenback against six major peers, was down 0.2% at 98.808, not far from the near two-year high of 99.415 touched a week-ago.

Tentative hopes of progress in peace talks between Ukraine and Russia whetted the appetite for riskier currencies on Monday, though upcoming central bank meetings and another COVID-linked lockdown in China curbed risk-taking. (Reuters)

March 14, 2022 / 20:36 IST

Russia-Ukraine Crisis LIVE | Russia accuses Ukraine of missile strike on Donetsk that 'killed 20 civilians'

Russia's defence ministry said on Monday that 20 civilians had been killed and 28 wounded when a Ukrainian missile with a cluster charge exploded in the separatist-controlled city of Donetsk in eastern Ukraine. The ministry provided no evidence and Ukraine denied launching an attack, which came as Russian forces were shelling the Ukrainian capital Kyiv and other cities more than two weeks after invading. Reuters could not independently verify the statements by either side. Russia calls its actions in Ukraine a "special operation" to demilitarise and "denazify" its southern neighbour. Ukraine and its Western allies call this a baseless pretext for a war of choice. (Reuters)

March 14, 2022 / 20:09 IST

Russia-Ukraine Crisis LIVE | Zelenskyy to deliver virtual address to US Congress on March 16

Ukrainian President Volodymyr Zelenskyy will deliver a virtual address to the U.S. Congress as the Russian war on his country intensifies. Zelenskyy will speak Wednesday to members of the House and Senate, the Democratic leaders announced.

The Congress, our country and the world are in awe of the people of Ukraine, said House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer in a statement Monday. They said all lawmakers are invited to the talk that will be delivered via video at the U.S. Capitol. It comes as Congress recently approved $13.6 billion in emergency military and humanitarian aid for Ukraine. (AP)

March 14, 2022 / 19:14 IST

Russia-Ukraine Crisis LIVE | UN says at least 636 civilians killed in Ukraine so far

The U.N. human rights office (OHCHR) said on Monday it had confirmed the deaths of at least 636 civilians in Ukraine through to March 13, including 46 children.The actual toll is likely much higher, it said, since there have been delays receiving and corroborating reports from places with intense hostilities such as Kharkiv and Mariupol.OHCHR has some 50 staff members involved with human rights monitoring in the country. (Reuters)

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