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BREAKING
Yemeni Armed Forces: The blockade on the Port of Haifa comes following the successful imposition of the siege on the Port of Umm al-Rashrash, which has since ceased operations
Yemeni Armed Forces: The Port of Haifa is now officially part of our target bank
Yemeni Armed Forces calls on companies with ships currently in the Port of Haifa or en route to it to take into account the contents of the statement and any forthcoming announcements
Yemeni Armed Forces: The imposition of a blockade on the Port of Haifa comes in response to the enemy’s escalation of its brutal aggression against Gaza and the continued siege and starvation
Yemeni Armed Forces: Our decisions and operations against the occupying entity will not cease until the aggression on Gaza ends and the blockade on it is lifted
Yemeni Armed Forces: We have decided to begin enforcing a naval blockade on the Port of Haifa, which is now among our list of designated targets
The Israeli occupation has released the child Mohammad, the son of martyr Ahmad Sarhan, whom it abducted earlier today from Khan Younis in the southern Gaza Strip, but his mother remains in detention
UK, France, and Canada in a joint statement: The Israeli Government’s denial of essential humanitarian assistance to the civilian population is unacceptable and risks breaching International Humanitarian Law
Leaders of UK, France, and Canada warn that their countries would take action if "Israel" does not stop a renewed military offensive in Gaza and lift aid restrictions
Putin says Trump in conversation expressed his position on cessation of hostilities in Ukraine

Moody's: Russia-Ukraine crisis could impact US-EU growth

  • By Al Mayadeen net
  • Source: Agencies
  • 4 Mar 2022 11:03
2 Min Read

S&P Global has cut Russia's credit rating from CCC-minus to BB-plus.

  • x
  • Moodys: Russia-Ukraine crisis could impact US-EU growth
    Moody's downgraded Russia's rating to junk after sanctions. (Reuters)

According to Moody's, the Russia-Ukraine situation increases risk in practically everything, from European to US growth, while drastically increasing the potential commodities price impacts.

On Thursday, Moody's revealed that the sanctions imposed on Russia have increased risks to the global economic outlook, particularly Europe's economic recovery. "Possible retaliation by Russia in response to sanctions could also cause further energy price shocks, particularly in Europe.”

The European Union had agreed to freeze European assets linked to Russian President Vladimir Putin and Foreign Minister Sergey Lavrov over Moscow's operation in Donbass.

The European decision was accompanied by a wave of sanctions from the US, Europe, and other Western allies.

Related News

US Supreme Court clears way for Trump to end Venezuelan TPS protection

Venezuela halts Colombia flights over alleged US-backed terror plot

US oil prices reached their highest level since the 2008 financial crisis, exceeding $116 per barrel, while global benchmark Brent prices climbed to just shy of $120.

Russia supplies 40% of Europe's gas and 10% of the world's oil. Together with Ukraine, they contribute 14% of the world's wheat supply.

With commodity price inflation cited as a primary driver, Moody's said, “Heightened geopolitical risks are unambiguously negative for economic activity," adding that the scale of the effects depends on the severity of the crisis.

 S&P Global downgrades Russia

S&P Global cut Russia's credit rating from "BB-plus" to "CCC-minus".

According to the agency, the downgrade comes after the imposition of measures that will "likely substantially increase the risk of default."

As it maintained the sovereign on negative watch, the rating agency also warned of additional downgrades.

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  • Russia
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Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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