INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Peace settlement possible if Ukraine stops fighting, says Russia

The US has accused these individuals and companies of abetting war against Ukraine. (AFP)
  • Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace summit.
  • Russia, which was not invited, said that a resolution was possible if Ukraine "stopped the hostilities and terrorist attacks".

Moscow, Russia – Russia said Monday a peace settlement with Ukraine was only possible if Kyiv put down its arms, after talks were held in Saudi Arabia over the weekend without Moscow’s participation.

Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace summit, which was held in Jeddah.

Russia, which was not invited, said that a resolution was possible if Ukraine “stopped the hostilities and terrorist attacks” and if Western countries stopped arms supplies to Kyiv.

It also called on Ukraine to cede its occupied territories to Moscow.

“The original foundations of Ukraine’s sovereignty — its neutral, non-aligned and non-nuclear status — must be confirmed,” foreign ministry spokeswoman Maria Zakharova said in a statement.

Over a year into Moscow’s campaign in Ukraine, Kyiv’s forces were pressing ahead with their long-awaited offensive to retake occupied territory.