[Ukraine]In a “historic week” to join the EU-Mr. Zelensky-Bloomberg

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Every morning we deliver world news that you want to keep track of before you start your day. Click here to subscribe to the Bloomberg newsletter.

Ukrainian President Volodymyr Zelensky said on the 19th that this week will be a “historic week” for the country. Ukraine must have the consent of all 27 EU member countries to be recognized as a candidate for membership in the European Union (EU).

Ukraine has said that Russia’s military invasion could reduce grain yields by more than 40% this year. President Zelensky has stated that if the safety of vessels entering Ukrainian ports is guaranteed, he will do everything possible to mitigate the global food crisis.

NATO’s Secretary-General Jens Stoltenberg said in an interview with the German newspaper Built Sunday that the “war could last for years” in Ukraine, NATO relaxed its support for Ukraine He said it shouldn’t be.

Secretary-General Stoltenberg attending the NATO Defense Ministers’ Meeting (Central, 16th)

Source: Anadolu/Getty Images

The recent major movements regarding the situation in Ukraine are as follows.

“Historical week” ahead of EU decision-President Zelensky

The European Union (EU) will make a decision this week as to whether Ukraine will be recognized as a candidate for membership. Leaders of France, Italy and Germany have stated that they support recognition as a candidate, but all 27 member states need to agree.

“Tomorrow is the beginning of a truly historic week,” Zelensky said in a television speech on the night of the 19th.

Crude oil market rebound, traders see demand outlook as material

New York crude oil futures prices rose on the 20th Asian time trading. The market emphasized the prospect of a short-term increase in demand, rather than the possibility that the economy would slow down as a result of aggressive US monetary tightening. The New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) July contract exceeded $ 110 a barrel.

Read Also  Rice Producer Price Index, November Year-on-Year Growth-Over Expected-Bloomberg

NY Crude oil rebound, short-term demand increase outlook as material-from concerns about economic slowdown

German chemical industry seeks to secure gas supply

The German Chemical Industry Association (VCI) called for “taking every opportunity” to replace natural gas with other fuels in response to the supply cuts from Russia, and called for switching from gas-fired power generation to coal power generation.

The chemical and pharmaceutical industry consumes 15% of natural gas, the highest in Germany, but is not facing any serious supply problems at this time, VCI said in a statement.

Ukraine’s grain yield this year, down 43%

Ukraine’s grain and oilseed yields this year are expected to be only 60 million tonnes, down 43% from the previous year’s 106 million tonnes, due to Russia’s military invasion and partial occupation. The Under Secretary of Agriculture revealed in a television interview.

Since Russia’s military invasion in late February began to block shipments from Ukrainian ports, grain and oilseed exports have been limited to 4 million tonnes. The monthly shipping volume is 5-6 million tons.

UKRAINE-RUSSIA-CONFLICT-AGRICULTURE-ECONOMY

Wheat harvest near Izmail, Odessa (14th)

Photographer: OLEKSANDR GIMANOV / AFP

Russia targets attack on Ukraine with cruise missiles

A spokesman for the Russian Defense Ministry has announced that it has hit a target near the village of eastern Dnipropetrovsk, where a meeting of Ukrainian military commanders was held, with a marine-launched cruise missile (SLCM) “Calibre”. The Ukrainian side has not commented on this, and Bloomberg has not been able to confirm it independently.

British Army top warns about Russia

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick