UKRAINE UPDATE: 2 DECEMBER 2022: European allies working towards special tribunal; EU closes in on $60 price cap for Russian oil

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Ukraine’s Central Bank may cut its economic outlook following Russia’s recent attacks on the country’s energy system, its governor said. European Union states are starting to coalesce around a plan to cap the price of Russian crude oil at $60 a barrel ...

Ukraine said the risk remains that Russia will launch new missile attacks against energy infrastructure. Air raid sirens went off across much of the country early on Thursday afternoon as three Russian MiG-31 fighter jets, often used to carry Kalibr missiles, took off from Belarusian airspace and headed for Russia.

with the Hamburg port, Stoltenberg said each country “has to find the balance between economic engagement with China and at the same time preventing becoming too dependent or vulnerable”.Deputy Treasury Secretary Wally Adeyemo said that he was confident European Union countries would soon agree on a price cap for Russian crude oil, and that $60 a barrel would be “in the range” coalition countries have discussed.

Ukraine earlier said that swaps had intensified recently. Overall, 1,286 servicemen had returned to Ukraine since the Russian invasion started, said Andriy Yusov, a Ukrainian military intelligence representative.Spanish officials say a suspicious package was found at the US embassy in Madrid, a day after an explosive device ignited at the city’s Ukrainian embassy, the Associated Press reported.

Macron said he believed Putin could still be a rational actor. “My conviction and my pragmatic approach is I have to engage with the existing leaders and the one in charge of the country.”The bank is likely to make the move following Russia’s weeks of attacks on the country’s energy system, though it won’t change its forecast for inflation, Governor Andriy Pyshnyi told local Forbes in an interview.

From the first days of the full-scale invasion, AWS provided strong support to Ukraine, providing technologies to save important Ukrainian state, banking and educational data, Fedorov said.A group of seven European Union member states is pushing for a more dynamic gas price cap, arguing that the one put forward by the bloc’s executive branch is designed so that it won’t get triggered and therefore wouldn’t help consumers pay their bills.

 

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One hell of a 'war' going on there in (Western) Ukraine economist warn may have to 'cut their economic outlook'.

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