The Fort Worth Press - US halts Russian oil, Moscow pledges new Ukraine corridors

USD -
AED 3.672495
AFN 62.498176
ALL 82.001718
AMD 366.494845
ANG 1.79046
AOA 918.000486
ARS 1401.013601
AUD 1.395245
AWG 1.8
AZN 1.700785
BAM 1.680241
BBD 2.006873
BDT 122.465636
BGN 1.66992
BHD 0.375773
BIF 2967.08208
BMD 1
BND 1.276235
BOB 6.88488
BRL 5.022601
BSD 0.996392
BTN 95.293814
BWP 13.475945
BYN 2.735739
BYR 19600
BZD 2.003952
CAD 1.38125
CDF 2255.000149
CHF 0.781765
CLF 0.022801
CLP 897.389989
CNY 6.79475
CNH 6.78433
COP 3677.85
CRC 450.945017
CUC 1
CUP 26.5
CVE 94.729381
CZK 20.8494
DJF 177.431271
DKK 6.41828
DOP 58.728522
DZD 132.90905
EGP 52.2847
ERN 15
ETB 160.632302
EUR 0.85892
FJD 2.199804
FKP 0.74448
GBP 0.74095
GEL 2.659665
GGP 0.74448
GHS 11.568729
GIP 0.74448
GMD 72.490302
GNF 8736.570692
GTQ 7.597938
GYD 208.427835
HKD 7.834015
HNL 26.50945
HRK 6.470895
HTG 130.537172
HUF 306.882499
IDR 17741
ILS 2.88819
IMP 0.74448
INR 95.250503
IQD 1305.24055
IRR 1323399.999748
ISK 123.339732
JEP 0.74448
JMD 157.293814
JOD 0.708996
JPY 158.914961
KES 129.60978
KGS 87.449824
KHR 3994.843146
KMF 425.000332
KPW 900.000037
KRW 1513.780012
KWD 0.30939
KYD 0.830326
KZT 470.541237
LAK 21836.769759
LBP 89248.453608
LKR 333.281787
LRD 182.33677
LSL 16.435137
LTL 2.95274
LVL 0.60489
LYD 6.349656
MAD 9.192096
MDL 17.282646
MGA 4186.426117
MKD 52.936705
MMK 2099.596302
MNT 3579.037371
MOP 8.042182
MRU 39.816151
MUR 47.279982
MVR 15.40203
MWK 1727.749141
MXN 17.28504
MYR 3.952597
MZN 63.899588
NAD 16.435137
NGN 1369.169717
NIO 36.682424
NOK 9.240451
NPR 152.469931
NZD 1.702838
OMR 0.384492
PAB 0.996392
PEN 3.397165
PGK 4.345361
PHP 61.430249
PKR 277.408419
PLN 3.637455
PYG 6072.164948
QAR 3.642955
RON 4.5058
RSD 100.882005
RUB 71.49942
RWF 1456.701031
SAR 3.740034
SBD 8.045182
SCR 14.841344
SDG 600.498466
SEK 9.27611
SGD 1.277056
SHP 0.746601
SLE 24.607217
SLL 20969.502105
SOS 569.415808
SRD 37.153962
STD 20697.981008
STN 21.057155
SVC 8.718213
SYP 110.524992
SZL 16.431271
THB 32.482001
TJS 9.256529
TMT 3.5
TND 2.916838
TOP 2.40776
TRY 45.7193
TTD 6.762887
TWD 31.441601
TZS 2624.83497
UAH 44.098883
UGX 3773.195876
UYU 39.888316
UZS 11954.467354
VES 526.210502
VND 26357.5
VUV 118.84935
WST 2.724798
XAF 563.536942
XAG 0.012839
XAU 0.00022
XCD 2.70255
XCG 1.79579
XDR 0.700859
XOF 563.536942
XPF 102.457045
YER 238.649664
ZAR 16.329095
ZMK 9001.201776
ZMW 18.756873
ZWL 321.999592
  • CMSD

    0.0100

    22.73

    +0.04%

  • GSK

    -0.1500

    51.38

    -0.29%

  • NGG

    0.1900

    86.61

    +0.22%

  • BCE

    0.2100

    24.6

    +0.85%

  • RELX

    -0.3300

    33.01

    -1%

  • BTI

    -0.3700

    65.36

    -0.57%

  • RBGPF

    0.0000

    63.5

    0%

  • CMSC

    0.0100

    22.66

    +0.04%

  • RIO

    -0.5300

    104.23

    -0.51%

  • BP

    -0.5100

    44.36

    -1.15%

  • AZN

    -2.7200

    187.03

    -1.45%

  • JRI

    0.0500

    12.87

    +0.39%

  • BCC

    0.0500

    67.16

    +0.07%

  • VOD

    -0.1700

    14.94

    -1.14%

  • RYCEF

    0.1600

    16.64

    +0.96%

US halts Russian oil, Moscow pledges new Ukraine corridors

US halts Russian oil, Moscow pledges new Ukraine corridors

The United States has banned imports of Russian oil, firing one of its biggest economic weapons against Moscow over the war in Ukraine where new humanitarian corridors were set to open Wednesday for civilians trying to escape besieged cities.

Text size:

Russia said the routes would open in five cities that its forces have been shelling, but Kyiv has repeatedly warned Moscow is not genuinely looking to allow civilians to flee and on Tuesday accused Moscow of bombing one corridor.

"Such actions are nothing other than a genocide," the Ukrainian defence ministry wrote on Facebook.

President Joe Biden said Tuesday the US oil embargo on Russia would cut "the main artery" of Moscow's economy, and vowed Ukraine would "never be a victory" for Russian leader Vladimir Putin.

The invasion has sparked the biggest war in Europe and the continent's largest refugee crisis since World War II, while the West has responded with sanctions on Russia that have reverberated around the global economy.

Ukrainian President Volodymyr Zelensky has complained he needs more air support to fight Moscow's offensive, with the invading forces maintaining a devastating bombing campaign.

But Washington on Tuesday rejected an offer from NATO ally Poland to give Kyiv jets via an American air base because of fears of a wider conflict with Russia.

The new humanitarian corridors were set to open in the capital Kyiv, port city Mariupol, and Kharkiv, Sumy and Chernihiv, at 0700 GMT, Russian defence ministry official said, according to TASS state news agency.

It did not say if the corridors would lead to Russia or Belarus, a condition that Kyiv had rejected in previous evacuation plans.

The United Nations said more than two million civilians have flooded across Ukraine's borders to escape Russian shelling.

Successful evacuations from some of the agreed humanitarian corridors have been reported.

At least 5,000 people were freed in the northern city of Sumy, Ukrainian officials said Wednesday, after days of heavy fighting and an air strike that killed 21 people.

Evacuations also took place outside the capital Kyiv.

But attempted evacuations from the port town of Mariupol have failed on several occasions, with Kyiv saying Moscow refused to allow children, women or the elderly to leave.

"This situation is really apocalyptic for people, it is getting worse," said Ewan Watson, spokesperson for the International Committee of the Red Cross (ICRC).

A six-year-old girl identified only as Tanya died from dehydration under the rubble of her destroyed home, said authorities in the southern hub, which has had no water, power or heating since Friday.

- 'Fight to the end' -

Russian troops are slowly encroaching on Kyiv despite intense efforts by outgunned Ukrainian forces, and moving faster through the east and north of the country.

In the suburb of Irpin, seen as a critical point for the advance on the capital, civilians fled in icy wind and thick snowfall, AFP reporters witnessed.

People waited in a long line to cross over the Irpin river on makeshift walkways of planks and mangled metal, after the Ukrainians blew up the bridge leading into the capital to hamper any Russian advance.

"I didn't want to leave, but there's nobody left in the homes around us, no water, no gas and no electricity," Larissa Prokopets, 43, told AFP.

In a defiant speech to British lawmakers, Zelensky invoked Winston Churchill's resistance against Nazi Germany as he vowed to "fight to the end."

"We will fight in the forests, in the fields, on the shores, in the streets," he told the packed chamber, which gave him a standing ovation.

Western governments have baulked at the idea of a no-fly zone to defend Ukraine's skies despite his requests.

The Pentagon on Tuesday rejected the Polish plan to deliver Mig-29 fighter jets to a US air base in Germany, saying it was not "tenable".

"The prospect of fighter jets... departing from a U.S./NATO base in Germany to fly into airspace that is contested with Russia over Ukraine raises serious concerns for the entire NATO alliance," spokesman John Kirby said in a statement.

- 'Main artery' cut -

Britain said it would join the United States in phasing out Russian oil by year's end while oil giants BP and Shell announced an immediate halt to Russian oil and gas purchases.

The European Union also said it would slash gas imports by two-thirds.

The United States also said the Kremlin's prize geopolitical energy project, the Nord Stream 2 pipeline, was now dead.

"It is a hunk of metal at the bottom of the sea, I don't think it will ever be revived," Undersecretary of State for Political Affairs Victoria Nuland told US lawmakers Tuesday.

McDonald's, Coca-Cola and Starbucks also suspended their operations in Russia, joining the international chorus of outrage.

With the growing raft of Western sanctions beginning to bite, ratings agency Fitch downgraded Russia deep into junk territory on Tuesday, predicting a sovereign default to be "imminent."

The pressure has grown day by day on businesses and sports to sever ties with Moscow and the Premier League announced Tuesday it would suspend its deal with its Russian broadcast partner.

- Chernobyl loses contact -

Since invading Ukraine, Russia has taken control of the defunct Chernobyl atomic plant, captured Europe's biggest nuclear plant and put its nuclear forces on alert.

The Chernobyl nuclear power plant is no longer transmitting data to the UN's atomic watchdog, the agency said Tuesday, as it voiced concern for staff working under Russian guard at the Ukrainian facility for almost two weeks.

Putin is using nuclear "blackmail" to keep the international community from interfering the conflict, the head of the Nobel prize-winning group ICAN told AFP Tuesday.

"It is incredibly worrying and overwhelming."

burs-jfx/kma

H.Carroll--TFWP