Russia

European Union leaders agreed in principle on Monday to cut 90% of oil imports from Russia by the end of this year, resolving a deadlock with Hungary over the bloc's toughest sanction yet on Moscow since the invasion of Ukraine three months ago.

In recent weeks, Russia has focused its drive on Donbas after pulling back from a failed advance on Kyiv and other Ukrainian regions.

Another EU official said the mooted compromise raised questions of fairness on the sanctions burden shouldered by member states.

The numerous videos on social media of Russian helicopter gunships being shot down are very public evidence of the extent of the losses.

Mastercard suspended operations in Russia - a market that accounted for roughly 4% its net revenue in 2021 - in March, over its invasion of Ukraine.

Some 25 million tonnes of corn and grains are stuck in Black Sea ports because of the war in the Ukraine and Russian grains and fertilisers exports are also disrupted by sanctions.

A study last year found around five percent of farmland in Brazil used remineralizers.

"The focus in oil markets is on the EU summit taking place next week, at which another attempt will be made to agree on an EU-wide embargo on Russian oil,"

A top Ukrainian official has claimed that Russian president Vladimir Putin had managed to survive an assassination attempt two months ago.

As many as 200 rotting corpses were found in the basement of an apartment building in Mariupol.

Ukraine's Infrastructure Minister Oleksander Kubrakov said that the two neighbours were working on easing transport of Ukraine's goods to the European Union.

Market gains have been capped, however, by concerns about China's efforts to crush COVID with lockdowns, even with Shanghai due to reopen on June 1.

On the business agenda, discussions are likely to focus on the souring state of financial markets and the global economy.

Mexico, Ecuador, Colombia and Peru are also, to a greater or lesser extent, dependent on Russian fertilizers.

President Vladimir Putin spoke at the online meeting last year, but organisers decided to exclude Russians this time as Western powers have imposed sanctions on Moscow over the Ukraine conflict.

Yellen said that funding pledges to Ukraine during the meeting exceeded the $15 billion that Kiev has estimated it needs over the next three months

The first Russian soldier on trial for war crimes committed after the Russian invasion of Ukraine has pleaded guilty and now faces a possible a life imprisonment in Kyiv.

The UN chief also said that Russian food and fertilizers "must have full and unrestricted access to world markets."

Sweden and Finland were both neutral throughout the Cold War, and their decision to join NATO is one of the most significant changes in Europe's security architecture for decades

McDonald's has decided to shut shop in Russia more than 30 years after it first opened its operations in the country. It has now joined the list of firms that have stopped offering their services in the country.

Russian President Vladimir Putin appeared on Monday to climb down from threats to retaliate against Sweden and Finland for announcing plans to join the U.S.-led NATO military alliance.

The conflict has also disrupted shipping in the Black Sea, throttling exports from Ukraine and Russia

While Chinese demand drops, in the United States producers are ramping up in order replenish inventories that have dwindled in the wake of Russia's war on Ukraine

A Russian oligarch was secretly recorded saying Russian President Vladimir Putin has blood cancer, according to media reports.

Johnson's friendship with the Russian-born businessman dates back to his eight years as mayor of London from 2008.

Norway, Denmark and the three Baltic states are already NATO members, and the addition of Finland and Sweden would likely anger Moscow

Video footage from the scene showed fire and rescue workers combing through piles of rubble dousing still smoking wreckage.

Patron, a two-and-a-half-year-old mine-sniffing dog, has been awarded by Ukraine's President Volodymyr Zelensky for his services to the country since the beginning of Russia-Ukraine war.

Wall Street stock indexes fell on Monday and the dollar hit a two-decade high, making oil more expensive for holders of other currencies.

British YouTube travel vlogger Benjamin Rich, famous for exploring some of the dangerous parts of the world, was arrested at the Baikonur Cosmodrome in Kazakhstan, according to Russian authorities.