Today Indian airlines will return 3,726 passengers on 19 flights
Yellen stated that the harsh sanctions imposed on Russia had a significant impact, as evidenced by the sharp drop in the ruble.
According to a U.S. official, the United States will continue to address potential “leakages” in the sweeping sanctions imposed on Russia for its invasion of Ukraine.
The Russian invasion of Ukraine has highlighted Germany’s problematic reliance on Russian gas, forcing Europe’s largest economy to reshape its energy mix urgently. In a previously unthinkable step for Chancellor Olaf Scholz’s young government. The crisis even has politicians considering delaying Germany’s planned exit from nuclear energy and coal to keep the lights on.
“We will change course to reduce our reliance on imports,” Scholz said during an extraordinary session of the Bundestag, also the lower house of parliament, on the Ukraine crisis on Sunday. The decision is a significant and costly reversal for the government.
Which has relied on Russia to meet its energy needs for the past two decades.
With Russia becoming increasingly isolated internationally due to economic sanctions related to Ukraine. Berlin can no longer rely on Moscow to supply more than half of the country’s gas. While energy supplies have been largely exempted from the West’s response. Finance Minister Christian Lindner said on Tuesday that policymakers must still “prepare for a scenario” in which Russia “stops gas deliveries.”
According to a senior administration official, U.S. President Joe Biden will decide whether to impose or waive legislation on India, one of America’s key partners. Underneath the CAATSA to purchase Russia’s S-400 missile defense system. sanctions
Under the Countering America’s Adversaries Via Sanctions Act (CAATSA). The U.S. administration is required to impose sanctions on country that has significant trades with Iran, North Korea, also Russia. CAATSA is a stringent U.S. law that allows the administration to impose sanctions on countries. That buy major defense hardware from Russia in response to Russia’s annexation of Crimea in 2014. Also alleged meddling in the 2016 United States presidential elections.
