9.1 C
Europe
Monday, May 20, 2024

Russian Court Orders Seizure of Deutsche Bank and UniCredit Assets Amid Exit from Russia

Court documents dated May 16 reveal that the St. Petersburg court ordered the confiscation of assets amounting to 239 million euros ($260 million) from Deutsche Bank and 463 million euros ($504 million) from Italy's UniCredit

PM Roosevelt Skerrit welcome students of Bellevue Chopin Primary School

Roseau, Dominica: The students of Bellevue Chopin...

Ukrainian Drone Attacks on Russia Kill 2, Ignite Oil Refinery Blaze

This marks Kyiv's largest aerial assault in recent weeks and coincides with Russian advancements along the northeastern Ukrainian front line

We have significant losses of troops, it’s a huge tragedy for us, says Russia

WorldRussiaWe have significant losses of troops, it's a huge tragedy for us, says Russia

Suffering from huge opposition in several Ukrainian cities, Russia gave the most down assessment so far of its war, describing the “huge tragedy” of mounting troop losses. Kremlin spokesperson Dmitry Peskov has also condemned the rising death toll. “We have significant losses of troops. It is a huge tragedy for us.”

Moscow’s six-week-long invasion has witnessed more than 4 million people flee abroad, killed or injured thousands, turned cities into ruins and led to comprehensive sanctions on Russian leaders as well as companies.

Advertisement

In a recent move, the United Nations General Assembly has suspended Russia from the UN Human Rights Council, stating “grave concern at the ongoing human rights and humanitarian crisis.” Russia then quit the council.

Moscow had earlier accepted this factor that its attack had not progressed as quickly as it wanted.

Moreover, Russia has been facing its most difficult economic sanctions for three decades due to unprecedented Western sanctions, PM Mikhail Mishustin stated. The US Congress has also removed its “most favoured nation” trade status in a further move.

Russia stated that it launched what it calls a “special military operation” on February 24 to demilitarise as well as to “denazify” Ukraine. Kyiv & its Western allies reject that as a fake pretext.

After new restrictions following the killing of civilians in the town of Bucha that the West widely condemned as war crimes, Ukraine called on allies to stop buying Russian oil and gas, amid divisions in Europe, and to boost it militarily.

Check out our other content

Check out other tags:

Most Popular Articles