Following Russia’s most aggressive attack against Ukraine in over a month, a missile landed in Polish territory on November 15, leaving two people dead, writes CNN. This has led to debate over the origin of the missile, which landed outside of a rural Polish village approximately four miles from the Ukrainian border.
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Lavrov’s attendance comes after Putin repeatedly told Indonesian President Joko Widodo over the course of several months that he would attend the critical summit. According to Reuters, many political pundits have speculated that Putin did not want to appear on the world stage as the 2022 Russian invasion of Ukraine enters its ninth month.
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After much speculation, Iran has officially confirmed they have sold drones to Russia– with a caveat. CNN reports that Iran has acknowledged that the Shahed drones widely used by the Russian Army in Ukraine are in fact Iranian drones.
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The Russian Federation’s invasion of Ukraine continues deteriorate as Russia receives damage to another important ship in recent days. Forbes reports that the Ukrainian government released videos showing a drone attack on the Russian navy frigate Admiral Makarov, the current flagship of Russia’s Black Sea Fleet.
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Russia struck Kyiv and other cities throughout Ukraine on Monday, October 9 in retaliation for the Ukrainian attack on Russia’s Kerch Strait bridge in Crimea a week earlier. In the largest attack since the day of the initial invasion last February, Russia’s strikes targeted Ukrainian military and energy infrastructure as well as Kyiv, reports The Washington Post.
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The Organization of the Petroleum Exporting Countries (OPEC), announced on October 5 that they will cut oil production by 2 million barrels per day beginning in November, reports the Associated Press.
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Another reason for the Venezuela swap urgency is because the recent international sanctioning on Russia heavily influences global energy prices. Venezuela is one of Russia’s most important allies in Latin America and this agreement may impact how that relationship unfolds.
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The Russian Federation officially announced the annexation of four eastern Ukrainian regions in a ceremony on September 30. According to the Kremlin, Russian President Vladimir Putin declared that the regions of Donetsk, Kherson, Luhansk, and Zaporozhye (known as Zaporizhzhya in Ukrainian) were now a permanent and indisputable part of Russia according to Article I of the UN Charter.
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Germany, along with the greater European Union, has promised to boost its lending to major energy firms as rising energy prices threaten to extend their crushing grip on the industry. According to Reuters, the European Commission has targeted specific paths to reduce electricity consumption along with placing a revenue cap on non-gas fueled plants.
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The Russian invasion of Ukraine sent economic shockwaves across the world, affecting the production of economic staples such as wheat and nickel and putting significant strain on the global supply chain, reports CNBC. The energy market is one of the most significantly affected industries, and the strain impacts far more than the West. Africa is beginning to feel the brunt of this crisis.
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