EU Leaders Agree Candidate Status for Ukraine, Moldova

European Union leaders on Thursday agreed to grant candidate status to Ukraine and Moldova, in a show of support in the face of Russia’s war. “A historic moment. Today marks a crucial step on your path towards the EU,” Michel wrote on Twitter during a summit in Brussels.  “Our future is together.” Ukraine applied to…

Cisco Announces Wind-Down of Operations in Russia, Belarus

U.S. telecoms equipment maker Cisco will end operations in Russia and Belarus in response to the war in Ukraine, the company told Reuters on Thursday. The company had initially suspended its operations in Russia, including sales and services, in March after the Kremlin ordered troops into neighboring Ukraine.  Hundreds of foreign businesses have exited Russia…

Russia Recruits Teachers, Construction Workers and Politicians to ‘Rebuild’ Occupied Ukraine

Russian authorities have launched a campaign to recruit essential workers for the “reconstruction” of eastern Ukrainian territories occupied by its forces, according to public online job postings and news reports. Since shifting the focus of its invasion eastward following a failed effort to capture Kyiv, Russia has said its main objective is to “liberate” areas…

Russia Says Dollar Debt Repaid in Rubles Amid Default Fears

Russia has made two interest payments on dollar-denominated debt in rubles, the country’s finance ministry said Thursday, as Moscow faces the risk of an external debt default. “Funds for the payment of coupons on external bonds of the Russian Federation maturing in 2027 and 2047 in the total amount of 12.51 billion rubles (the equivalent…

Nike Says Permanently Exiting Russian Market

Nike will make a complete departure from Russia in the coming months, Reuters reported Thursday, citing an emailed statement from the company. The exit comes nearly four months after the U.S. athletic-wear giant suspended its Russian operations on March 3 following the country’s invasion of Ukraine.  “Nike has made the decision to leave the Russian…

Russian Pop Icon Yuri Shatunov Dies Aged 48

Pop singer Yuri Shatunov, who was wildly popular in the 1980s and 1990s, died Thursday at the age of 48. “Last night Yuri’s heart stopped in an ambulance,” said Shatunov’s manager, Arkady Kudryashov, the state-run news agency TASS reported.  Shatunov was perhaps best known as the frontman of band Laskovy Mai (‘Gentle May’), which filled…

Russia Mulls ‘Leisure Zone’ in Place of Azovstal Plant Ruins

Russia plans to replace the badly damaged Azovstal steel plant in the captured Ukrainian port city of Mariupol with either an industrial park or a leisure zone, a Russian minister said Wednesday. Deputy Prime Minister Marat Khusnullin said rebuilding was already underway the site, which became a symbol of Ukrainian resistance after its outnumbered defenders held…

Putin’s Global Ratings Drop to 20-Year Low – Pew

Russian President Vladimir Putin’s global ratings have sunk to 20-year lows as the Russia invasion of Ukraines enters its fourth month, according to a Pew Research Center poll published Wednesday. A median of 9% of respondents in 18 countries said they have confidence in Putin “to do the right thing regarding world affairs,” Pew said.…