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Ukraine, U.S. to hold joint military drills

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(Last Updated On: September 17, 2021)

Ukraine and the United State will start joint military exercises in western Ukraine next week, the Ukrainian General Staff said on Thursday, days after Belarus and Russian staged large-scale drills that have concerned neighbouring countries, Reuters reported.

The “Zapad-2021” war games ran on Russia and Belarus’ western flanks, including sites close to the European Union’s borders, and alarmed Ukraine and some NATO countries.

Ukraine said the “RAPID TRIDENT – 2021” exercises would involve 6,000 troops from 15 countries – Ukraine, the United States and other NATO members – and would last till Oct. 1.

“The main goal is to prepare for joint actions as part of a multinational force during coalition operations,” it said in a statement.

According to the report Ukraine views the military exercises with Western partners as an important step on the path to NATO, believing that membership in the alliance would strengthen the country’s resistance to Russian aggression.

Kyiv’s relations with Moscow deteriorated in 2014 after Russia annexed the Crimea peninsula from Ukraine and backed pro-Russian separatists in Ukraine’s Donbass region. The seven-year war with separatists killed more than 13,000 people.

Ukraine’s relations with Belarus also have worsened since Kyiv called the 2020 presidential election in Belarus neither free nor fair and condemned violence against protesters, Reuters reported.

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G7 nations announce Russia gold ban as summit starts under shadow of war

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(Last Updated On: June 26, 2022)

Members of the Group of Seven wealthy nations on Sunday announced a ban on imports of Russian gold as the G7 summit in the Bavarian Alps kicked off under the shadow of the war in Ukraine and consequences ranging from energy shortages to a food crisis.

The move by Britain, the United States, Japan and Canada is part of efforts to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine more than four months into a conflict Russian President Vladimir Putin calls a special military operation, Reuters reported.

“The measures we have announced today will directly hit Russian oligarchs and strike at the heart of Putin’s war machine,” British Prime Minister Boris Johnson said in a statement.

“We need to starve the Putin regime of its funding. The UK and our allies are doing just that.”

A senior U.S. administration representative said the G7 would make an official announcement on the gold import ban on Tuesday, Reuters reported.

“This is a key export, a key source of revenue for Russia in terms of their ability to transact with the global financial system,” the U.S. official said.

Russian gold exports were worth $15.45 billion last year and wealthy Russians have been buying bullion to reduce the financial impact of Western sanctions, the British government said.

As well as the gold import ban, G7 leaders were also having “really constructive” talks on a possible price cap on Russian oil imports, a German government source said.

The three-day summit takes place against an even darker backdrop than last year, when British, Canadian, French, German, Italian, Japanese and U.S. leaders met for the first time since the start of the COVID-19 pandemic.

Soaring global energy and food prices are hitting economic growth in the wake of the conflict in Ukraine, with the United Nations warning of an “unprecedented global hunger crisis”.

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Two killed, 14 wounded in Norway nightclub shooting

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(Last Updated On: June 25, 2022)

Two people were killed and 14 injured on Saturday in a shooting at a nightclub and in nearby streets Norway’s capital Oslo, according to reports.

A suspect believed to be the sole perpetrator was arrested, police said.

The crime scene extended from the London Pub via a neighbouring club and onwards to a nearby street where the suspect was apprehended a few minutes after the shooting began in the early hours of Saturday, police spokesman Tore Barstad told newspaper Aftenposten.

The London Pub is a popular gay bar and nightclub in the centre of Oslo.

“I saw a man arrive with a bag, he picked up a gun and started to shoot,” journalist Olav Roenneberg of public broadcaster NRK reported.

The motive behind the attack was not immediately clear.

Oslo is due to hold its annual Pride parade later on Saturday, just months after Norway marked 50 years since the abolition of a law that criminalised gay sex.

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Pakistan’s central banks tells staff to work from home to save fuel

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(Last Updated On: June 23, 2022)

Pakistan’s central bank asked its employees to work from home two days a week and hold more virtual meetings as the country looks to conserve fuel and ensure it doesn’t run out of US dollars, Bloomberg reported Thursday.

In a Twitter message on Thursday, State Bank of Pakistan told its staff to opt for virtual meetings, car pooling and cutting down on air-conditioning. It also suspended purchases of furniture and restricted travel.

“These measures are intended to help with the energy bill while not compromising work,” the authority said.

“We encourage the banking industry and other stakeholders to save energy as much as possible.”

Pakistan’s government has already ordered shopping malls and factories to shut early in various cities including Karachi, Lahore, Islamabad and Rawalpindi, and cut the working week by a day.

Prime Minister Shehbaz Sharif’s administration has increased pump prices by as much as 83 percent in less than a month as he tries to curb subsidies and win a bailout from the International Monetary Fund, Bloomberg reported.

The south Asian nation’s energy needs are largely met through imports and in July-May, its total petroleum import bill increased by 99 percent, according to Pakistan Bureau of Statistics’ data.

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