Good morning. We are talking about the war in Ukraine and a new vaccine center in South Korea.
War in Ukraine
Less than a day after Russian forces attacked Ukraine on all fronts, sparking fierce fighting across the country, President Biden said from the White House that it was a “Dangerous times for the whole of Europe,” and that Russian President Putin has “caused great pain.” This is the latest updatesOne map of war and a guide its cause.
“This was never about real security concerns,” Biden said of Putin’s motives. “It’s always been about naked aggression, about Putin’s imperial aspirations.” A US Defense Department official told reporters that Russian military forces are moving in behead the Ukrainian government in Kyiv.
US, UK and NATO allies have plans Imposing sanctions about Russia’s banks, leaders, tech exports and elites, and trillion-dollar asset freezes. “We have to show determination,” Biden said, adding that it will take time for the sanctions to have an impact.
US forces won’t fight in Ukraine, but Additional troops will be deployed to the eastern flank of Germany and NATO to strengthen defenses. EU leaders met in Brussels to discuss more sanctions.
Attacks: Russian forces take over the Chernobyl power plant north of Kyiv, site of the 1986 nuclear disaster. Explosions have been reported in Kyiv, Kharkiv and elsewhere. At least 40 Ukrainian soldiers were killed During the fighting, Ukraine’s ambassador to the US said, along with “dozens” of civilians. She begged for help.
In Kyiv: Families told our reporters why they ran away and how terrified they felt. “I fear for my children,” said Anna, whose family was stuck in some long traffic columns along the roads out of the capital.
In Russia: Thousands of people took to the streets to protest Putin decides to invade, only to be met with a police presence. Others around the world have followed suit.
Putin: In one rambling speechThe Russian president reminded the world that his country “remains one of the most powerful nuclear states” with a “definite advantage in some advanced weapons”.
Stocks fall, oil prices rise
Oil prices soar as high as $105 a barrel, European natural gas contracts rise 50% and global stock indexes fall on Thursday, as Russia invades Ukraine prolonged market turmoil was motivated by fears of a large-scale attack.
Wheat futures on the Chicago Board of Trade were up more than 5% early Thursday afternoon – with Ukraine and Russia producing almost a quarter of the world’s wheat.
President Biden on Thursday warned that Americans could feel the squeeze, but said there was no problem the US and its allies needed to respond forcefully. “America is against bullies,” he said. “That’s who we are.”
The impact on financial and commodity markets was immediate and widespread, starting in Asia, where the Hang Seng in Hong Kong lost 3.2%. In Germany, the DAX index fell more than 4% and the broader Stoxx Europe 600 was about 3.5% lower.
On Wall Street, the S&P 500 fell 2.5% at the start of trading before recovering slightly as the initial panic seemed to have subsided somewhat. By mid-morning, the index was down about 1.5%. Russian Stock Exchange suspend trading for a short time earlier in the day.
Global impact: Rising commodity prices could boost inflation in Europe and the US by as much as 1.5 percentage points over the next few months, according to research firm Capital Economics. Regions in the Middle East and Africa get most of their wheat from Russia and Ukraine, and the restrictions could raise concerns about social unrest.
WHO plans Korea’s vaccine center
The World Health Organization plans to set up a training center in Korea to teach low- and middle-income countries how to produce their own mRNA vaccine.
The agency says the effort, announced Wednesday, will help reduce global vaccine inequality and the shortage of skilled labor in the vaccine industry.
The move follows an ongoing effort by the organization in South Africa to re-engineer existing mRNA vaccines and share the technology with low-income countries, following unsuccessful attempts to get Pfizer and Moderna share their technology. To date, the agency has selected Bangladesh, Egypt, Indonesia, Kenya, Nigeria, Pakistan, Senegal, Serbia, South Africa, Tunisia and Vietnam to receive the mRNA technology.
Here are the latest update and maps of the pandemic.
In other developments:
ARTS AND IDEAS
France leaves Mali, not West Africa
After a nine-year counter-terrorism mission that did not bring the promised peace, France announced the plan to withdraw from Mali after parting with the country’s new leaders, who took over after a military coup.
In Paris, the withdrawal could signal the loss of the core influence of its former colonial empire. In Mali’s capital Bamako, withdrawals could be welcomed and could represent a diversion to countries like China, Turkey and Russia.
But France will not end what some fear could be a forever war. Instead, the country and its allies will meet in June to discuss restructuring their missions in the Sahel region, the region that cuts across Africa just below the Sahara. French President Emmanuel Macron has spoken unequivocally about wanting to build relationships outside his traditional sphere of influence, including with Niger or the countries in the Gulf of Guinea.
New priorities will be needed to avoid a repeat of the Mali quagmire, said Lori-Anne Théroux-Bénoni, head of regional research at the Institute for Security Studies. Instead of focusing on disabling leaders of jihadist groups, she said, France and its allies should work to end conditions that encourage recruitment, strengthen local security and protect civilians. often.
In the short term, however, this change could further escalate the conflict scenario, as France will need to engage countries that are not spared the rampant activity.
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https://www.nytimes.com/2022/02/24/briefing/ukraine-war-russia-putin-stocks.html Your Friday recap: Fierce fighting across Ukraine