UKRAINE UPDATE: 12 MAY 2022: Putin probably won’t take on Nato, says US; Russia’s economy shows more signs of strain

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UKRAINE UPDATE: 12 MAY 2022: Putin probably won’t take on Nato, says US; Russia’s economy shows more signs of strain
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US Defense Secretary Lloyd Austin said Russian President Vladimir Putin doesn’t want to escalate the war into a full-blown conflict with Nato.

Italian PM says EU companies can pay for gas in roubles

Draghi said he also discussed with US President Joe Biden, whom he met on Tuesday at the White House, the possibility of creating an oil buyers’ cartel to check the power of Opec.Russia sanctions seized Gazprom unit, others It would “quickly escalate into another type of confrontation that no one wants to see”, Austin said in testimony to the House Appropriations defence panel.

The ministry readout is similar to one published on April 24, two days before Russia and the US conducted a surprise prisoner swap in Turkey.The European Investment Bank can quickly make available €1.5-billion of unused funds to finance Ukraine’s short-term needs. The money could be dispersed “within a few days”, pending final approval by the European Commission, EIB President Werner Hoyer told reporters in Berlin.

Norway, Denmark and Iceland are separately working on a common political declaration with Sweden and Finland to support them as they weigh Nato applications, Norway’snewspaper reported. The declaration may include military support for the period between the time of application and eventual membership when full security guarantees would come into force, it said.

The region wouldn’t hold a referendum on joining Russia, as Crimea did in 2014, but would appeal directly to Putin to be annexed, Tass quoted Kirill Stremousov, the deputy chief of the administration, as saying. Annexation may not take place until the end of the year, he said.

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