financetom
World
financetom
/
World
/
Russia intensifying attacks on energy and gas infrastructure in Ukraine, says expert
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russia intensifying attacks on energy and gas infrastructure in Ukraine, says expert
Nov 18, 2022 1:44 PM

Nine months into the war with Ukraine, Russian forces have been forced to abandon the only provincial capital they had managed to capture since the invasion began.

On November 9, Russia announced a withdrawal from Kherson marking a potential turning point in the war. Ukrainian President Volodymyr Zelenskyy celebrated victory and distributed medals to the soldiers and Ukrainian troops.

With Ukraine strengthening its military capacity through support from the West and upgrading from land-based to air-based to heavy battle tanks, Russia is facing a challenge to hold its occupied territories in Ukraine.

Anna Chernikova, a reporter at VOA told CNBC-TV18 that after withdrawing from Kherson, Russia has intensified its attack on critical infrastructure including energy and gas infrastructure in Ukraine.

"After withdrawal from Kherson Russia has continued with its attack but the main target of these attacks is critical infrastructure including energy and gas infrastructure," Chernikova said.

Also, according to the Atlantic Council, if western countries imposed sanctions at the scale at which they did in 2022, we would reach more than 36,500 sanctions in the first quarter of 2023 and these would primarily impact Russia.

According to Charles Lichfield, deputy director of GeoEconomics Center at Atlantic Council, the automobile sector has been hurt the most as companies were unable to find supplies from outside Russia.

The report said the sanctions have resulted in a 70 percent reduction in semiconductor exports to Russia.

Watch video for entire conversation.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European Equities Close Mostly Higher in Thursday Trading; ECB Cuts Interest Rates
European Equities Close Mostly Higher in Thursday Trading; ECB Cuts Interest Rates
Jun 5, 2025
12:20 PM EDT, 06/05/2025 (MT Newswires) -- The European stock markets closed mostly higher in Thursday trading as the FTSE 100 in London gained 0.11%, Germany's DAX increased 0.20%, the Stoxx Europe 600 rose 0.17%, the Swiss Market Index advanced 0.16%, while France's CAC 40 lost 0.18%. The European Central Bank reduced its key rates by another 25 basis points,...
Equity Markets Rise Intraday After Trump-Xi Call; Tesla Slides
Equity Markets Rise Intraday After Trump-Xi Call; Tesla Slides
Jun 5, 2025
02:24 PM EDT, 06/05/2025 (MT Newswires) -- US benchmark equity indexes were higher intraday after President Donald Trump said he had a very good phone call with his Chinese counterpart, Xi Jinping. The Dow Jones Industrial Average was up 0.3% at 42,540.5 after midday Thursday, while the S&P 500 and the Nasdaq Composite rose 0.1% each to 5,979.3 and 19,487.3,...
CANADA FX DEBT-Canadian dollar hits eight-month high as market shrugs off record trade deficit
CANADA FX DEBT-Canadian dollar hits eight-month high as market shrugs off record trade deficit
Jun 5, 2025
* Canadian dollar gains 0.1% against the greenback * Touches its strongest level since October 8 at 1.3635 * Price of US oil settles 0.8% higher * Bond yields rise across the curve By Fergal Smith TORONTO, June 5 (Reuters) - The Canadian dollar strengthened to nearly an eight-month high against its U.S. counterpart on Thursday as investors shrugged off...
TSX Closer: The Index Posts a Minor Gain as Canada's Trade Deficit Swelled in April
TSX Closer: The Index Posts a Minor Gain as Canada's Trade Deficit Swelled in April
Jun 5, 2025
04:19 PM EDT, 06/05/2025 (MT Newswires) -- The Toronto Stock Exchange posted a small gain on Thursday, following on Wednesday's dip, but failed to reach the record closing levels of earlier this week amid diverging views on the outlook for interest rates and after Canada posted its largest-ever trade deficit. The S&P/TSX Venture Exchange closed up 13.29 points to 26,342.29....
Copyright 2023-2025 - www.financetom.com All Rights Reserved