The “consequences” of the war in Ukraine for the US economy are “very uncertain”, said Jerome Powell, president of the US Federal Reserve (central bank, Fed), in a speech prepared for his appearance before the House of Representatives on Wednesday.
With prices rising at a pace not seen in four decades and oil above $100 a barrel, the Fed chief repeated that they are willing to raise interest rates to curb inflation. But “the economy is evolving in unexpected ways,” he said, and “we will have to be agile to respond.” The Fed must decide how much to raise interest rates at its meeting on March 14-15.
People portray the bad moment in Ukraine. In this case, a woman recounted that she had to flee the affected country and leave her husband because he was going to join the army.
British Prime Minister, Boris Johnsonon Wednesday called Russian President Vladimir Putin a war criminal and urged UN member states to condemn Russia’s invasion of Ukraine.
Johnson made these statements in the House of Commons in London, where the Ukrainian ambassador was present, to whom the deputies gave a standing ovation.
“What we have already seen from the Vladimir Putin regime, in the use of the ammunition that they have already been dropping on innocent civilians, in my opinion already fully qualifies as a war crime,” the prime minister said.
LAST MINUTE | A missile has impacted this morning once morest the Kharkov City Hall. In this city, the second largest in Ukraine, at least 21 people have died
NOW | The European Union published this Wednesday the rule that expels seven Russian banks from the financial messaging system SWIFTas a consequence of Russia’s invasion of Ukraine, but the list does not include Sberbankthe largest entity in the country, nor Gazprombankbecause they process a large part of the energy operations with the block.
Specifically, the list of entities that will be expelled from the system are Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, Vnesheconombank (VEB) and VTB, the latter the second largest in the Russian financial system, according to the Official Gazette of the EU.
The disconnection (agreed with the G7 powers this weekend) will be effective within ten days and will also apply to any person, entity and body established in Russia and whose property rights belong directly or indirectly in more than 50% to a entity of those affected, specifies the Council of the EU in a statement.
DEATHS IN UKRAINE | In the Sumy region, more than 70 soldiers and civilians have died in Russian bombardment with multiple GRAD launchers, according to Ukraine.
Last Tuesday there was also bombing in Kharkiv, where the attacks have caused at least 16 deaths and more than 40 wounded in bombings once morest the headquarters of the regional administration and a residential building.
THE LAST | Joe Biden announced that the United States is closing its airspace to flights from Russia. “He does not know what he expects,” says the president regarding Vladimir Putin.
Without resources to extend their stay, some 3,000 tourists Ukrainians were stranded in Dominican Republic victims of the air restrictions applied following the Russian invasion of that country, consular representatives reported Tuesday.
“Ukrainians right now need the help of Dominican RepublicThey need money, they need clothes, they need many things,” said the honorary consul of Ukraine, Ilona Oleksandrivnaduring a press conference in Santo Domingo.
Oleksandrivna pointed out that, of the 3,000 travelers, at least 1,200 have been removed from the hotels where they spent their vacations for not having money to prolong their stay in the country of dream beaches that received some 5 million tourists in 2021, double than in 2020.
Ukraine’s ambassador to the United States, Oksana Markarova, was present at President Joe Biden’s speech and showed her support for the affected people on Ukrainian soil.
Russia bombs Kharkiv, Ukraine’s second largest city, leaving at least 10 dead.
The regional governor of Kharkiv, Oleg Sinegubovreported that the shells are hitting the local government headquarters and also accused the Russian army of using “heavy weapons once morest the civilian population.”
The HIM-HER-IT estimates that more than 660,000 people have fled from Ukraine . The situation “looks set to become the largest refugee crisis in Europe this century,” said the spokeswoman for the UN refugee agency (UNHCR).
According to El País, this is what is known so far regarding the war that has been taking place in Ukraine. The attack on a television tower in Kiev left five dead and five injured.
The Ukrainian journalist criticized the British Prime Minister for NATO’s lack of action once morest Russia’s invasion and asked him to protect the Ukrainians. “We are ready to accept a significant number of these refugees,” said the British leader, in a joint appearance with the Polish Prime Minister, Mateusz Morawiecki.
“You have come to Poland, you have not gone to Kiev, Prime Minister. Because you are afraid, because NATO does not really want to defend since it is afraid of a Third World War, but it has already started”, the journalist told him.
These were Joe Biden’s statements regarding Russia’s attacks on Ukraine during these days.
Tonight, the American congressmen gave a standing ovation to the Ukrainian people this Tuesday during the speech on the President Joe Biden’s State of the Union. “Please stand up if you can and show that yes, we, the United States of America, stand with the Ukrainian people,” Biden said in the address to Congress, a week following he Russia would invade Ukraine .
Good evening. The war Come in Ukraine – Russia continues and thousands of families who are still in Ukrainian territory suffer from the bombings that are directed under the order of Vladimir Putin , Russian president. For this reason, we inform you live of the events that are recorded in real time via Trade .
URGENT | Oil prices continued to soar on Wednesday, natural gas and aluminum hit record highs and nickel hit a decade-high, fueled by the war in Ukraine, fueling fears of energy and raw material supply disruptions.
Black gold soared once more following the decision of OPEC + exporting countries, led by Saudi Arabia and Russia, not to increase their production more than expected, despite the rise in prices, which is fueling runaway inflation in many countries.
A barrel of US WTI was selling at $110.95, up 7.29%, at 2:20 p.m. GMT, following reaching $112.51, its highest price since 2013. North Sea Brent gained 6 .50% following hitting $113.94 a barrel, a high since 2014.