"And at the moment, it has this very positive cash flow. It has an extremely low debt level, it doesn't need to borrow abroad, it can borrow from domestic sources of cash," he explained. It's got plenty of fiscal room to do this.
"Even in the event that Moscow has to run a budget deficit. "The Russian state's ability to finance the war and its military remain pretty robust," said Connolly, director of the Eastern Advisory Group and a fellow at the Centre for Russian, European and Eurasian Studies. Khan also said that the staggering number of schools destroyed by Russian strikes in Ukraine presents another grim challenge for child development.Ĭoordinated global sanctions may not immediately affect the Kremlin's ability to finance its defense industrial base or its ongoing war in Ukraine, Russian economy expert Richard Connolly said. "Now the question is how severely are these kids impacted? What have they witnessed in terms of killing or maiming of their family members or whether they've fled or their home has been destroyed, whether they've lost friends? These are all things that for a child without adequate support is a recurring nightmare," she said. "With two-thirds of the children in the country on the move, we cannot say that a single child's life has not been touched," added Khan, who recently completed a UN mission trip to cities in Ukraine. They've either lost a family member or they have either witnessed trauma themselves," explained Afshan Khan, the regional director for the UN Children's Fund, or UNICEF, to reporters at the United Nations. "I would say every single child in Ukraine, their lives have been touched by this war. The UN has determined that nearly two-thirds of Ukraine's children have been displaced since the start of Russia's war.
The Russian defense ministry has said it will open a "humanitarian corridor" on Wednesday to allow Ukrainian civilians sheltering in the plant to leave the complex. More than 500 civilians are sheltering in the Azot chemical plant, which is being attacked by Russian troops, Haidai said. Out of a pre-war population of 100,000, only 12,000 people remain in Severodonetsk, the news agency reported. "There is still an opportunity for the evacuation of the wounded, communication with the Ukrainian military and local residents," he told the AP. However, he added that there was still an opportunity to get civilians out of the city because Russian soldiers have not completely blocked off the city yet. Haidai said that a mass evacuation of civilians now was "simply not possible" due to the persistent bombing and fighting. Ukrainian forces have been pushed to the industrial outskirts of the city because of the "scorched earth method and heavy artillery the Russians are using", the AP said, citing Governor Serhiy Haidai. Russian troops control about 80% of Severodonetsk and have destroyed all three bridges leading out of the last city in Luhansk that's partially held by Ukraine, according to the Associated Press which cited the governor of Luhansk. "So we're going to build silos - temporary silos - on the borders of Ukraine, including in Poland, so we can transfer it from those cars into those silos, into cars in Europe, and get it out to the ocean, and get it across the world" Biden said, adding that the plan was taking time. is planning to export Ukrainian grain by rail, but noted that Ukrainian track gauges are different from those in Europe and the grain will have to be transferred to different trains at the border. About 84 foreign ships, many with grain cargoes onboard, are stuck in Ukrainian ports, Reuters reported.īiden also said the U.S. Ukraine and Russia have laid sea mines since the war started. " can't get out through the Black Sea because it'll get blown out of the water." "I'm working closely with our European partners to get 20 million tons of grain locked in Ukraine out onto the market to help bring down food prices," Biden said. Russia's invasion of Ukraine and the subsequent blockade of the Black Sea port has stalled the export of Ukrainian grain, ratcheting up the cost of grain. Temporary silos will be built along the border with Ukraine to help export more grain to address a growing global food crisis, President Joe Biden said.
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