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EXPLAINED: 12 | Vintage Vibes

G7 Finance Ministers to Thrash Out Ukraine Aid Plan

G7 partners meet Thursday hoping to find a solution for Kyiv's budget troubles as the fallout from Russia's invasion of Ukraine continues to roil the global economy. Finance ministers from the Group of Seven industrialized nations are holding talks in Koenigswinter in western Germany to coordinate their response. "The bilateral…

Asharq Al-Awsat

Kremlin says G7 using Russia's reserves for Ukraine would be 'outright theft'

The Kremlin said on Tuesday it would be "outright theft" for the Group of Seven economic powers and European Union to seize Russia's frozen reserves and spend them on behalf of Ukraine.

Reuters

Russia-Ukraine war: List of key events, day 83

As the Russia-Ukraine war enters its 83rd day, we take a look at the main developments.

Al Jazeera

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German finance minister open to seizing Russia cenbank assets - Handelsblatt

German Finance Minister Christian Lindner is open to the idea of seizing Russian state assets to finance the reconstruction of Ukraine, he said in an interview with German business daily Handelsblatt and three other European newspapers.

Reuters

Scholz's balancing act just got harder after German state election

The worst post-war result for Chancellor Olaf Scholz's Social Democrats in a traditional party stronghold heaps pressure on him to show more decisive leadership over the Ukraine crisis and Germans' concerns about soaring costs of living.

Reuters

G7 Backs More Aid, Weapons to Ukraine in Show of Unity against Russia

Foreign ministers from the G7 group of rich nations backed giving more aid and weapons to Ukraine as they met on Friday in what Germany called a "powerful sign of unity" to deepen Russia's global isolation for invading its neighbor. The European Union's foreign policy chief Josep Borrell announced a…

Asharq Al-Awsat

Cannabis Regulatory Update: Marijuana 'Soon' Legal In Germany, Mass. Weed Delivery Companies, And More

Marijuana Delivery Companies In Massachusetts Face Many Obstacles

Benzinga

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‘A second Afghanistan’: Doubts over Russia’s war prosecution

Russia’s lack of progress in its war against Ukraine has been noted by analysts since it launched a second phase.

Al Jazeera

Germany's Scholz Says Putin 'Completely Miscalculated' War against Ukraine

German Chancellor Olaf Scholz said on Wednesday Russian President Vladimir Putin has "completely miscalculated with his brutal war of aggression against Ukraine" because it has led NATO to strengthen its eastern flank, resulted in comprehensive sanctions against Russia, and prompted large-scale military support for the Ukrainian side. Scholz added that…

Asharq Al-Awsat

German govt in talks on asset disclosure for sanctioned persons - minister

German Finance Minister Christian Lindner said the government is looking into whether sanctioned persons could be legally obligated to disclose what assets they have in Germany.

Reuters

Germany Drops Opposition to Russian Oil Ban, Ministers Say

Two senior ministers in Chancellor Olaf Scholz's government on Monday said Germany would be ready to back an immediate European Union ban on Russian oil imports, and that Europe's biggest economy could weather shortages and price hikes. The comments by Finance Minister Christian Lindner and Economy Minister Robert Habeck are…

Asharq Al-Awsat

Alarmed by Russia’s invasion, Europe rethinks its China ties

Russia’s war on Ukraine has triggered a profound reassessment in European capitals of their individual and collective relations with China.

Tribune News Service

Alarmed by Russia’s aggression, Europe rethinks its China ties

Russia’s war on Ukraine has triggered a profound reassessment in European capitals of their individual and collective relations with China.

Tribune News Service

German VC Lauds Tesla's Speed In Talks About Curbing Russian Gas Reliance

A German vice-chancellor recently said Germany needs to revamp its energy systems "at Tesla Speed." Now, he's lighting a fire among German officials and companies.

InsideEVs

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The Conversation

No, Mr Morrison – the safeguard mechanism is not a 'sneaky carbon tax'

Prime Minister Scott Morrison this week claimed Labor was planning a “sneaky carbon tax” should it win power, and Nationals senator Matt Canavan declared the goal of net-zero emissions by 2050 was “dead”.

Reuters

Activists turn off German oil pipelines in North Sea drilling protest

German climate activists turned off crude oil pipelines at five locations on Wednesday, demanding the country look for other ways to reduce its dependence on Russian gas than starting new fossil fuel-based infrastructure projects such as deep-sea drilling.

Evening Standard

Germany to supply Ukraine with tanks in U-turn by Olaf Scholz

Germany has authorised the delivery of tanks to Ukraine following weeks of denying that it would supply lethal aid.

Radio France Internationale

Europe rushes to congratulate Macron after defeating Le Pen in second round vote

World leaders rushed to congratulate French President Emmanuel Macron for his re-election on Sunday in a second round marked by a rise in the far-right vote.

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Reuters

European leaders quick to congratulate France's Macron in EU sigh of relief

European Union leaders were quick to congratulate French President Emmanuel Macron on his election victory over his far-right rival on Sunday, reflecting relief that one of the bloc's most pivotal countries had avoided a political shock.

Reuters

Germany must support Ukraine without endangering its own security - minister

Germany must do everything in its power to help Ukraine win the war against Russia but without endangering its own security and NATO's defence capability, Finance Minister Christian Lindner said on Saturday.

Reuters

Russian finance minister to attend G20 meeting virtually, Indonesia says

G20 host Indonesia said on Thursday Russian Finance Minister Anton Siluanov had confirmed he plans to attend virtually next week's meeting of finance ministers and central bank governors from the Group of 20 major economies.

Reuters

EU must end all economic ties to Russia as fast as possible - Lindner

The European Union must work toward cutting all economic ties with Russia over its "criminal" war in Ukraine, German Finance Minister Christian Lindner said on Monday, but cast doubt over an immediate embargo on Russian gas imports.

Reuters

U.S., EU strike LNG deal as Europe seeks to cut Russian gas

The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the transatlantic partners said on Friday.

The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

Reuters

Ukraine needs a 'Marshall Plan' - German finance minister

Ukraine needs a Marshall Plan to deal with the consequences of Russia's invasion, German Finance Minister Christian Lindner said on Tuesday.

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