How war cut car production
Auto industry watchers are dramatically cutting production and sales forecasts for the next two years, due to the ongoing war between Russia and Ukraine, CNBC’s Robert Ferris reports.
Factories closed in Eastern Europe, driving up the prices of already valuable raw materials, such as palladium and nickel. Watch the video to learn more about how war reduces car production.
UK remains ‘committed’ to supporting Ukraine after Russia bans some leaders
Ukrainian President Volodymyr Zelenskyy and British Prime Minister Boris Johnson walk in Independence Square after a meeting, as Russia’s attack on Ukraine continues, in Kyiv, Ukraine April 9, 2022.
Ukrainian Presidential Press Service | Reuters
A British government spokesman has responded to Russia’s entry ban on some British officials, saying the nation is “committed” to supporting Ukraine.
“The UK and our international partners are united in condemning the Russian government’s reprehensible actions in Ukraine and calling on the Kremlin to stop the war,” the spokesperson said in response to the Kremlin banning the country’s top leaders, according to Reuters . “We remain resolute in our support for Ukraine.”
The departure from the Kremlin comes after British Prime Minister Boris Johnson’s visit to kyiv and his meeting with Ukrainian President Volodymr Zelenskyy. The nation has also continually increased its sanctions against Russia and its key figures.
Ukrainian railways limit exports of certain staple foods
Ukraine’s state-owned railway company has temporarily restricted the transport of certain agricultural goods through border crossings to Poland and Romania, consultancy firm APK-Inform said on Saturday.
He gave no reason for the restrictions.
Ukraine, a major agricultural producer, used to export most of its goods through seaports, but since the Russian invasion has been forced to export by rail through its western border.
APK-Inform said restrictions on the movement of goods to Poland via Yahodyn were put in place from April 16 to April 18.
There are also restrictions on the transport of grains, oilseeds, seeds and other food products through Izov to the Polish towns of Hrubeszew and Slawkov.
From April 16 until further notice, there are restrictions on the export of grain and seeds to Romania through the Dyakovo and Vadul-Siret crossing points, the consultancy said.
The train company was not available for immediate comment.
Russian military campaign could enter next phase in days
A member of pro-Russian troops loads rocket-propelled grenades into an infantry fighting vehicle during fighting in the Ukraine-Russia conflict near an Azovstal Iron and Steel Works factory in the southern port city of Mariupol , Ukraine, April 12, 2022.
Alexander Ermoshenko | Reuters
Russian troops could begin the next phase of the Kremlin’s military campaign in the coming days, NBC News reported.
US intelligence thinks the Russian military could start bringing some forces back to Ukraine as early as this weekend or early next week, NBC News reported, citing two unnamed senior US defense officials.
Russian forces had withdrawn from the vicinity of kyiv and northern Ukraine. Officials at the time expected the troops to regroup and launch an offensive on the Donbass region and southeastern Ukraine. Now, however, the Russian military could bring troops back to Ukraine before all of its troops are ready to fight again, NBC News reported.
Ukraine’s richest man pledges to rebuild beleaguered Mariupol
Ukrainian businessman Rinat Akhmetov.
Alexandre Khudoteply | AFP | Getty Images
Ukraine’s richest man has pledged to help rebuild the beleaguered city of Mariupol, a place close to his heart where he owns two vast steelworks which he says will once again be globally competitive .
Rinat Akhmetov has seen his business empire shattered by eight years of fighting in eastern Ukraine but remains defiant, confident that what he calls ‘our brave soldiers’ will defend the reduced Sea city of Azov wasteland after seven weeks of bombardment.
For now, however, his company Metinvest, Ukraine’s largest steelmaker, has announced that it cannot honor its supply contracts and while its financial and industrial group SCM is servicing its debts, its private producer electricity company DTEK “optimized the payment of its debts” in an agreement with creditors.
“Mariupol is a global tragedy and a global example of heroism. For me, Mariupol has been and always will be a Ukrainian city,” Akhmetov said in written responses to questions from Reuters.
“I believe that our brave soldiers will defend the city, although I understand how difficult and difficult it is for them,” he said, adding that he was in daily contact with Metinvest officials who run the Azovstal and Illich Iron and Steel Works factories in Mariupol.
Moscow bans British politicians from entering Russia
The Russian Foreign Ministry said on Saturday it had barred British Prime Minister Boris Johnson, Foreign Secretary Liz Truss, Defense Secretary Ben Wallace and 10 other members and men from entering the country. British government policies, Reuters reported.
The decision was taken “in view of the unprecedented hostile action by the British government, in particular the imposition of sanctions against senior Russian officials”, the ministry said in a statement, adding that it would soon expand the list.
Russia reportedly hit armored car factory and military repair plant
Russia claims to have destroyed the production buildings of an armored vehicle factory in kyiv and a military repair facility in the city of Mykolaiv, Interfax news agency quoted the Russian Ministry of Defense on Saturday.
Russian Defense Ministry Igor Konashenkov said Russia used high-precision long-range weapons to carry out the strikes.
Konashenkov also said that a Ukrainian Su-25 plane was shot down by Russian air defense systems near the village of Izyum.
— Holly Ellyat
Explosions heard in Kyiv and Lviv, officials say
Smoke rises above the Darnytskyi district in kyiv, Ukraine on April 16, 2022.
Metin Semiz/Anadolu Agency via Getty Images
Explosions were heard Saturday morning in the Ukrainian capital, kyiv, and in the western city of Lviv, according to local officials.
Mayor of Kyiv Vitali Klitschko said on the Telegram messaging app that kyiv “came under fire” this morning with explosions heard in the Darnytskyi district on the outskirts of the city.
Rescuers and medics are currently working at the site, he said, and there was no information on the number of casualties from the blasts.
Explosions were also heard in Lviv, western Ukraine, this morning. On TelegramGovernor Maksym Kozytskyi said an airstrike took place between 5:46 a.m. and 7:02 a.m. local time.
— Holly Ellyat
Damaged roads in Ukraine hamper humanitarian aid, UK Ministry of Defense says
Maxar satellite multispectral image showing burning houses in a residential area of Chernihiv, Ukraine, March 16, 2022.
Satellite image (c) 2022 Maxar Technologies | Getty Images
Ukrainian roads and other infrastructure have been badly damaged by Russian troops, which now poses a significant challenge for the delivery of humanitarian aid in some areas, the UK Ministry of Defense said in its daily update of the information.
“Road infrastructure in conflict-affected areas of Ukraine suffered significant damage. Russian troops exacerbated this by destroying bridges, employing landmines and abandoning vehicles along key roads as they retreated. from northern Ukraine,” the ministry said in its update, posted on Twitter. .
River crossings in and around the city of Chernihiv in northern Ukraine have been destroyed, leaving only one pedestrian bridge in the city, according to the update.
“Damage to Ukraine’s transport infrastructure now poses a significant challenge to the delivery of humanitarian aid to areas formerly besieged by Russia,” the ministry tweeted.
Zelenskyy calls for ‘stronger and more destructive’ sanctions
Ukrainian President Volodymyr Zelensky says he has heard different predictions about how long the war with Russia will last.
“Some say a few weeks. Others — several years. Some say that the war will last until the end of this year. And someone advises to prepare for a permanent confrontation with Russia as long as it exists”, he said in his nocturnal address to the nation.
But Zelenskyy says the “effectiveness of the instruments of influence” on Russia used by Ukraine and its entire anti-war coalition against Russia must be taken into account when predicting the duration of the war.
“The success of our military on the battlefield is truly significant. Historically significant. But not yet enough to clear our lands of occupiers. We will defeat them more,” he said.
“Sanctions against Russia are very important. Economically painful. But still not enough to leave the Russian military machine without a livelihood. We encourage stronger and more destructive sanctions,” Zelenskyy said.
These two areas, he says, will determine the duration of this war. The amount of support for Ukraine “literally defines how many more Ukrainians the occupiers will manage to kill.”
“If someone says: years or years, I answer: you can make the war much shorter. The sooner we get all the weapons we have asked for, the stronger our position will be and the sooner peace will come,” did he declare. . “The sooner the democratic world recognizes that the oil embargo against Russia and the complete blockade of its banking sector are necessary steps towards peace, the sooner the war will end.”