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Russian war: EU forays Nigeria, OPEC for new oil and gas supply
Sopuruchi Onwuka With the coordinated Western response against the war in Ukraine, diplomats are mounting pressure on key petroleum producing countries to create new channels of supplies to the European countries which traditionally form the biggest customers of Russian oil…
S&P dents Russia’s 105-year credit integrity
Sopuruchi Onwuka International credit rating agency, Standard & Poor’s (S&P) has downgraded Russia’s foreign currency rating to “selective default” signaling increased risks that that the country would likely default on foreign debt for the first time in more than a…
Russian strike kills over 50 at Ukraine rail station
A rocket strike targeting a train station in the eastern Ukrainian city of Kramatorsk on Friday killed at least 50 people and injured dozens who were attempting to flee amid Russia’s new focus on the region, Ukrainian officials said. Five…
Sanctions take $3.6 bn toll on Russia’s March oil income
Russia said Tuesday that state revenue from energy sales in March was $3.6 billion less than it forecast, suggesting the Ukraine war and Western sanctions hit exports. The country’s oil and gas income sank by 38 percent in the month…
Putin threatens nuclear disaster as key Kremlin official flees
One of President Vladimir Putin’s closest allies warned the United States on Wednesday that the world could spiral towards a nuclear dystopia if Washington pressed on with what the Kremlin casts as a long-term plot to destroy Russia. The threat…
Kenyan ambassador offers African recipe to Russia, Ukraine impasse
Sopuruchi Onwuka The Kenyan Ambassador to the United Nations, Martin Kimani, has urged Russia and Ukraine to forego the nostalgia of the past geopolitical enclaves and focus on greater future in peace and common prosperity. His appeal came in response…
Buhari shuns US, enlists Russian aid against insurgents
Sopuruchi Onwuka After botched attempts by the government to procure military equipment from the United States, the administration of President Muhammadu Buhari is signing on Russia for military cooperation that would involve supply of military hardware and personnel training. Agency…
