• Owner of Azovstal steel plant in Mariupol says he will sue Russia over up to $20 billion in losses

    Ukraine’s richest man and owner of the Azovstal steel plant in Mariupol says he plans on suing Russia over what he said was $17 billion to $20 billion in losses caused by Russia’s bombardment of Mariupol.

    Rinat Akhmetov, who owns Metinvest, Ukraine’s largest steelmaker, told Ukrainian news portal mrpl.city "We will definitely sue Russia and demand proper compensation for all losses and lost business.”

    Avostal and the Illich Steel and Iron Works are both owned by Metinvest and were badly …

  • German Chancellor says he's convinced Russia will not win war in Ukraine

    Speaking at the World Economic Forum in Davos, Switzerland on Thursday, German Chancellor Olaf Scholz said he is convinced that Russia will not win the war in Ukraine.

    “Our goal is very clear: Putin must not win his war,” Mr. Scholz said. “And of this I am convinced: he will not win.”

    The German Chancellor added that even though Russia has nuclear weapons, that did not give the Kremlin the right to unilaterally redraw borders.

    “That is imperialism, an attempt to blast us back to a time when …

  • Russia says foreign ships can leave Black Sea ports, refuses to allow Ukrainian grain exports until sanctions lifted

    Russia said it would open “humanitarian corridors” to allow foreign ships to leave occupied Ukrainian ports in the Black Sea and Sea of Azov.

    Russian Defense Ministry official Mikhail Mizintsev said the corridors would be open from 8:00 am to 7:00 pm daily.

    At the same time, Kremlin spokesman Dmitry Peskov said ships carrying Ukrainian grain would not be allowed to leave until Western sanctions on Russia were lifted.

    They “must cancel those illegal decisions that prevent the charter of ships, …

  • Citing Russia’s invasion of Ukraine, Georgia and Moldova call for faster accession to EU

    The Prime Ministers of Georgia and Moldova have called for faster accession to the European Union in the wake of Russia’s invasion of Ukraine. The leaders view acceptance into Europe’s security architecture to be vital steps in deterring further Russian encroachment on their borders.

    Speaking at the World Economic Forum in Davos, Switzerland on Wednesday, Georgian Prime Minister Irakli Garibashvili noted, “We need to see action—now and today. Because it’s a different world today. What has …

  • Russian oligarchs offer to pay for rebuilding Ukraine in exchange for the West lifting sanctions

    Russian oligarchs are ready to pay for lifting the sanctions against them. They offer to send these funds to Ukraine, said Canadian Finance Minister Chrystia Freeland during a meeting with colleagues from the G7 countries, reports the German newspaper Handelsblatt.

    Freeland said that the sanctioned Russian oligarchs call her on their own initiative. They complain that Putin’s war has affected their lives. According to the Canadian official, the Russian rich do not approve of the Kremlin's …