Putin says West cannot isolate Russia or send it back in time | Russia-Ukraine war News

Russian chief says it’s not possible to chop Moscow off from the world, as EU says sanctions in opposition to Russia are working.

Russian President Vladimir Putin says it’s not possible to chop Russia off from the remainder of the world, and that sanctions imposed by Western international locations is not going to flip the clock again on Russia’s improvement.

Since sending troops into Ukraine on February 24, Russia has been hit with a barrage of Western sanctions designed to isolate it from the worldwide economic system which have disadvantaged it of entry to items together with industrial electronics, semiconductors and plane components.

“Not simply restrictions however the almost-complete closure of entry to international hi-tech merchandise is being intentionally, deliberately used in opposition to our nation,” Putin stated on Monday, talking at a video convention with authorities figures.

“It’s clear that this can be a large problem for our nation, however … we aren’t going to surrender and keep in a state of disarray or, as a few of our ‘well-wishers’ predict, return many years. In fact not,” he stated.

Putin stated Russia must develop its personal home expertise and expertise companies.

Finance minister Anton Siluanov stated assist for the Russian expertise sector is a precedence, however that each rouble of state assist must be accompanied by at the least three roubles of personal funding.

The EU’s international ministers stated on Monday that the sanctions imposed on Moscow are working, despite the fact that additionally they threatened the EU’s energy supplies.

Final week, Hungary’s nationalist premier Viktor Orban – the EU chief closest to the Kremlin and a critic of Brussels – denounced the coverage, saying Brussels was hurting Europe greater than Moscow.

“Some European leaders have been saying that the sanctions have been … a mistake,” EU coverage chief Joseph Borrell instructed reporters as he arrived on the bloc’s headquarters on Monday for talks on closing loopholes within the sanctions regime and growing stress on Russia.

“It’s what we needed to do and we’ll proceed doing,” he added.

Sri Lanka to send ministers to Russia seeking discounted oil | News

Officers will depart for Moscow on Monday to hunt buy of gas on concessionary phrases, the power minister stated.

Money-strapped Sri Lanka has introduced it can ship ministers to Russia and Qatar to attempt to safe low cost oil a day after the federal government stated it had all however run out of gas.

Vitality Minister Kanchana Wijesekera stated two ministers will journey to Russia on Monday to debate getting extra oil following final month’s buy of 90,000 tonnes of Siberian crude.

That cargo was organized by Coral Vitality, a Dubai-based middleman, however politicians have been urging the authorities to barter instantly with President Vladimir Putin’s authorities.

“Two ministers are going to Russia and I’ll go to Qatar tomorrow to see if we will organize concessionary phrases,” Wijesekera advised reporters in Colombo on Sunday.

Wijesekera had introduced on Saturday that Sri Lanka was just about out of petrol and diesel after a number of scheduled shipments had been delayed indefinitely as a result of “banking” causes.

Gasoline reserves had been adequate to satisfy lower than two days’ demand and it was being reserved for important providers, Wijesekera stated, apologising for the scenario.

The state-run Ceylon Petroleum Company on Sunday hiked the value for diesel by 15 % to 460 rupees ($1.27) a litre and petrol by 22 % to 550 rupees ($1.52).

For the reason that starting of the yr, diesel costs have gone up practically fourfold and petrol costs have nearly tripled.

Wijesekera stated there could be an indefinite delay in getting new shipments of oil, and urged motorists to not queue up till he introduces a token system to a restricted variety of automobiles every day.

Individuals, already ready in kilometres-long, snaking queues outdoors pumps, are unlikely to get gas as the federal government will concentrate on issuing the remaining shares for public transport, energy technology and medical providers, Wijesekera stated.

The navy, which has already been deployed at gas stations to quell unrest, will now difficulty tokens to these ready, typically for days, he stated, including that ports and airports might be given gas rations.

In the meantime, the federal government prolonged a two-week closure of non-essential state establishments till additional discover to save lots of gas, sustaining solely a skeleton employees to offer minimal providers.

African Development Bank to send emergency fertiliser to W Africa | News

A supply informed Reuters that emergency volumes shall be sourced from Nigeria and Morocco.

The African Improvement Financial institution is seeking to supply about 500,000 tonnes of fertiliser for West Africa by the top of August as an emergency stopgap to avert a meals disaster, a supply with direct data of the matter has informed the Reuters information company.

The transfer is a part of the financial institution’s introduced allocation of $1.5bn to shore up the continent’s meals manufacturing and assist with fertiliser because of the disruptions brought on by the Russia-Ukraine conflict, Reuters reported on Friday.

Akinwumi Adesina, its president, told Al Jazeera in April that the worth of urea, a low-cost fertiliser, has gone up by 300 %. “It’s [the war] driving inflation in Africa, and it might — if not rapidly well-managed — set off a meals disaster in Africa,” he mentioned.

The financial institution mentioned there was a two-million-tonne fertiliser provide hole throughout the continent. It has been assembly with chief executives of main fertiliser corporations in Africa and overseas to debate fertiliser affordability, with out confirming the quantity sought.

“We’re speaking to companions and farmers as nicely,” the financial institution mentioned in an announcement to Reuters, including {that a} nation should request to take part. “Fertiliser wants are two-fold right now, half of the fertiliser in Could and June for some planting seasons, relying on location throughout the continent. The second half, known as a high dressing, is required a month or two months later.”

Nigeria and Morocco sources

The supply mentioned it was agreed in a gathering in mid-Could that the emergency quantity might be sourced from Nigeria, supplying 300,000 tonnes of urea, and Morocco, supplying 200,000 tonnes of phosphates and blended fertiliser.

Morocco’s OCP and Nigeria’s Indorama attended the assembly however didn’t reply to requests for remark. Nigeria’s Dangote fertiliser producer confirmed the attendance of their CEO however didn’t disclose particulars on the emergency quantity.

Given the brief timeframe to organise financing and logistics, the supply mentioned the nations which want it most – Ghana, Mali and Burkina Faso – might not obtain sufficient fertiliser in time.

Nigeria confronted a possible scarcity of potash earlier this yr after monetary sanctions on Russia rattled banks and Uralkali was unable to ship the fertiliser ingredient in time. Nigeria in the end discovered various Canadian provides and Russia may also nonetheless ship some provides.