Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

EU terms blockade of Ukraine grain by Russia ‘real war crime’

The EU countries have continued increasing their Official Development Assistance for partner countries around the world to €70.2 billion in 2021. (Representative image)
  • Western countries have demanded Moscow to stop blockading Ukraine's Black Sea ports to allow grain export
  • French Foreign Minister insisted that "Russia must stop playing with global hunger" as it seeks leverage on the West
EU foreign policy chief Josep Borrell said Monday that Russia should be held “accountable” if it keeps blocking the export of vitally needed grain from Ukraine. 

“One cannot imagine that millions of tons of wheat remain blocked in Ukraine while in the rest of the world people are suffering hunger. This is a real war crime,” Borrell said at a meeting of European Union foreign ministers.

The West has demanded  Moscow stop blockading Ukraine’s Black Sea ports to allow vast stores of grain to be taken to world markets as fears rise of famines in vulnerable regions.

The EU backs United Nations efforts to mediate a deal between Ukraine, Russia, and Turkey to get the grain out but these have failed to make any headway so far.

The 27-nation bloc has struggled to counter Moscow’s claims that rising prices and shortfalls in the Middle East and Africa are down to EU sanctions imposed over the invasion of Ukraine.

“I want to insist that it’s not European sanctions that are creating this crisis our sanctions don’t target food, don’t target fertilizers,” Borrell said.

“The problem comes from the Russian blockade of Ukrainian grains.”

French Foreign Minister Catherine Colonna insisted that “Russia must stop playing with global hunger” as it seeks leverage on the West.

“Leaving cereals blocked is dangerous for stability in the world,” she said.