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Business Maverick: Ukraine Update: US Warns India Over Russian Energy Imports

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US President Joe Biden warned his Indian counterpart Narendra Modi against increasing Russian energy imports, while Austrian Chancellor Karl Nehammer said he was pessimistic over peace prospects after becoming the first European Union leader to visit Vladimir Putin in Moscow since the start of the war.

President Joe Biden and India’s Narendra Modi held a candidMonday about how to counter the fallout from Russia’s invasion of Ukraine, a senior Biden administration official said.

. The move is implementing an EU decision to sanction Russian vessels and restrict access, the broadcaster said.Wheat prices rose for a second day, with futures rising almost 3%, driven in part by concern over lost output in Ukraine. The country’s grain association said its harvest could shrink to 18.2 million tons, little more than half of last year’s level, with production of other key crops like corn, barley and sunflower seeds also projected to slump.

“By what we have seen in the past, we’re probably turning another page in the same book of Russian brutality,” Kirby said at a Pentagon news conference. Eni SpA and Algeria’s state energy firm Sonatrach signed a deal during Italian prime Minister Mario Draghi’s visit to Algiers on Monday. Sonatrach will increase export volumes to Italy from this year and could eventually replace Russia as Italy’s largest gas supplier.German Chancellor Olaf Scholz said Berlin will send more military support to Ukraine, without giving any details.

Boychenko also said Russian forces have brought mobile crematoria to the city to dispose of the bodies. He accused them of refusing to allow humanitarian convoys into the city to disguise the carnage.Polish Prime Minister Mateusz Morawiecki said EU members must quickly offer more military support for Kyiv as Russia prepares a new assault on Ukraine’s eastern Donbas region.

 

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