Updated US Inflation:
Russia-Ukraine crisis:
Russia’s war with Ukraine is to acquire military-industrial capability and human resources.
The Russia-Ukraine war presents a serious challenge to understanding President Putin’s geopolitical intentions. This article uses a resource dependence perspective to explain Russia’s motives for invading Ukraine.
The invasion is driven by Russia’s resource gaps in military-industrial capacity and human resources. These resource gaps could be substantially mitigated by control over Ukraine’s resources.
The findings suggest implications for further research, policy, and international business developments.
Following weeks of military build-up along the border of Ukraine, Russia launched an attack on its neighbor on February 24, 2022.
The military flare-up between Russia and Ukraine dates back to 2014 when the former annexed Crimea.
In January 2021, Ukrainian President Volodymyr Zelensky appealed to the U.S. to let it join NATO, a move that irked Russia, which has repeatedly demanded NATO give up its military activities in eastern Europe and Ukraine.
Ukraine conflict: What is NATO and how can Finland and Sweden join?
What is NATO?
NATO – the North Atlantic Treaty Organization – is a defensive military alliance. It was formed in 1949 by 12 countries, including the US, the UK, Canada, and France. Members agree to come to one another’s aid if they come under armed attack. Finland will take it to 31 members.
NATO’s original aim was to counter Russian expansion in Europe after World War Two.
Following the Soviet Union’s collapse in 1991, many of its former Eastern European allies joined NATO.
The two Nordic countries Sweden and Finland have expressed a desire to act in unison and submit their applications jointly, in a move seen as a deterrent against aggression from Russia.
For decades, a majority of Swedes and Finns were in favor of maintaining their policies of military non-alignment.
But Russia’s invasion of Ukraine on February 24 sparked a sharp U-turn.
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G7 warns of Ukraine grain crisis, asks China not to aid Russia:
The Group of Seven leading economies has warned that the war in Ukraine is stoking a global food and energy crisis that threatens poor countries
Updated US Inflation:
The Group of Seven leading economies warned Saturday that the war in Ukraine is stoking a global food and energy crisis that threatens poor countries, and urgent measures are needed to unblock stores of grain that Russia is preventing from leaving Ukraine.
In a statement released at the end of a three-day meeting on Germany’s Baltic Sea coast, the G-7 nations also called on China not to help Russia, including by undermining international sanctions or justifying Moscow’s actions in Ukraine.
“Russia’s war of aggression has generated one of the most severe food and energy crises in recent history which now threatens those most vulnerable across the globe,” the group said.
“We are determined to accelerate a coordinated multilateral response to preserve global food security and stand by our most vulnerable partners in this respect,” it added.
The G-7 asked Beijing to support the sovereignty and independence of Ukraine, and
“not to assist Russia in its war of aggression.”
The group, which comprises Britain, Canada, France, Germany, Italy, Japan and the
The United States also called on China “to desist from engaging in information manipulation, disinformation, and other means to legitimize Russia’s war of aggression against Ukraine.”
Ukraine crisis: Can Africa replace Russian gas supplies to Europe?
Russia’s suspension of deliveries to Poland and Bulgaria over their refusal to pay in the ruble, the Russian currency, was a stark reminder of the threat facing the
Eurozone. Russia has the largest natural gas reserves in the world and is the largest exporter, accounting for around 40% of Europe’s imports.
The good news is there will be greater interest in countries that already have the resources to replace Russian gas and Africa is in a very good position.
Algeria is well positioned to benefit from the EU’s shift in energy policy. The North African country is the region’s biggest natural gas exporter and currently enjoys a well-developed gas connectivity infrastructure with Europe.
Last month Italian Prime Minister Mario Draghi signed a new gas supply deal with Algeria to increase gas imports by around 40%.
It was Italy’s first major deal to find alternative supplies following Russia’s invasion of Ukraine.
US inflation dips to 8.3% in April, slows from a 40-year high but stays close.
Inflation slowed in April after seven months of relentless gains, a tentative that price increases may be peaking while still imposing a financial strain on American households.
Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday.
That was below the 8.5% year-over-year surge in March, which was the highest rate since 1981. On a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but the smallest increase in eight months.
