Got a confidential news tip? Economies with strong trade, financial and migration links to Russia and Ukraine could suffer the greatest immediate harm, the World Bank says. So when the farmers on the battlefields arent planting or arent harvesting, what impact do you think thats going to have?. Russia agreed to resume its role in exporting grain under the Turkey-UN brokered deal with Ukraine to secure Black Sea shipping lanes. (Bloomberg) -- Russia agreed to resume a deal allowing safe passage of Ukrainian crop exports, abruptly reversing course after Turkey and the United Nations pushed ahead with the shipments over Moscow's objections. World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. The wheat and corn markets are bracing for grain export chaos to develop if that were to happen. Currently Ukraine's main export partners are . "The initiative is working," Guterres said, adding that the signatories of the deal must now work to renew it. Next on the list are refined petroleum - things like petrol and diesel - at $66.2 billion, gas at $26.3 billion and coal at $17.6 billion. During the last 24 years the exports of Ukraine to Russia have decreased at an annualized rate of 2.64%, from $5.65B in 1996 to $2.97B in 2020. Overview In January 2022, Russia exported $625M and imported $371M from Ukraine, resulting in a positive trade balance of $254M. ", U.S. President Joe Biden called the move "purely outrageous" while Secretary of State Antony Blinken said Moscow was "weaponizing food. The main products that Russia exported to Ukraine are Refined Petroleum ($1.36B), Coal Briquettes ($670M), and Petroleum Gas ($275M). Russia is set to resume its participation in the Ukraine grain export deal, the country's defence ministry has confirmed. Image:Unsplash/ Darla Hueske, .chakra .wef-1vg6q84{font-weight:700;}Senior Writer, Formative Content. Russia and Ukraine signed a grain deal brokered by Turkey on July 22 to allow exports of grain from blockaded Ukrainian ports. The difficulty here is Ukraine grows enough food to feed 400 million people on planet Earth, David Beasley, Executive Director of the United Nations World Food Programme tells the show. The United Nations is working to extend the deal for up to a year and smooth the joint inspections of ships by U.N., Turkish,. Russia-Ukraine In 2020, Russia exported $6.31B to Ukraine. services to Ukraine worth In 2021 Ukraine was the second largest supplier of grains for the European Union (EU) and a large food supplier for low- and middle-income countries in Asia and Africa. These include a handful of economies in Europe, the Middle East, Africa and Central Asia that get 75% of their wheat from Russia and Ukraine, the bank says. The Global Economic Cost Of Russia's War In Ukraine, Ghost islands of the Arctic: The worlds northern-most island isnt the first to vanish. Currently the country's gross domestic product is an estimated 81.4 billion. Ships, including those carrying grain from Ukraine, are seen anchored off the Istanbul coastline on November 2, 2022. In 2019, countries that imported more from Ukraine than Russia were Iraq ($597M), Iran ($259M), and Indonesia ($909M). We have warned of Russias plans to ruin the Black Sea Grain Initiative. What are economic sanctions, and are they effective? BeforeMoscow's full-scale invasion of its ex-Soviet neighbor, Ukraine and Russia accounted for almost a quarter of global grain exports until those shipments came to a severe halt for nearly six months. Main agriculture export products are Corn and Wheat. Stephane Dujarric, spokesman for the UN secretary-general, said: "It is vital that all parties refrain from any action that would imperil the Black Sea Grain Initiative which is a critical humanitarian effort.". Ukraine and Russia are among the world's largest exporters of cereal crops and oils Ukraine and Russia both play a major role in global food markets. "I call on all states to demand that Russia stop its hunger games and recommit to fulfilling its obligations," Ukrainian Foreign Minister Dmytro Kuleba said on Twitter. ISTANBULRussia and Ukraine agreed Friday to resume exports of millions of tons of Ukrainian grain via the Black Sea for the first time since the Russian invasion, a deal aimed at freeing. More than 13% of global corn exports and over 5% of wheat exports also come from Ukraine. Launched in 2018, the Forums Innovation with a Purpose Platform is a large-scale partnership that facilitates the adoption of new technologies and other innovations to transform the way we produce, distribute and consume our food. Russia's foreign ministry spokeswoman Maria Zakharova said Saturday Moscow would raise the blasts and the alleged drone attack at the UN Security Council. During 2020, Ukraine had a large net trade with Russia in the exports of Metals ($716M), Machines ($675M), and Chemical Products ($629M). We want to hear from you. That same year, Ukraine ranked 42 in the Economic Complexity Index (ECI 0.5), and 46 in total exports ($52.7B). Others include Turkey and China. Russia's invasion has significantly hindered Ukraine's agricultural sector, threatening food security worldwide. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Ukraine. The center coordinating the logistics of the deal said in a statement that no traffic was planned for Sunday. Lower-income countries could see increased hunger and food insecurity as a result of Russias invasion of its neighbour. The revival of the arrangement could ease fears of global food insecurity, but Russian President Vladimir Putin warned Moscow could again pull out of the deal. Key Points Before Moscow's full-scale invasion of its ex-Soviet neighbor, Ukraine and Russia accounted for almost a quarter of global grain exports until those shipments came to a severe halt. For seven days, aerial and artillery bombardment has struck Kharkiv, tearing out bits and fragments of this city, one cultural landmark at a time. While that's 20-30 percent of global exports, it's just 0.9 . Both are also dominant exporters of sunflower oil, one of the world's dominant vegetable oils. The Russian invasion of Ukraine, ongoing since February, had led to a complete halt of grain shipments from Ukraine, previously a . Exports The top exports of Ukraine are Seed Oils ($5.32B), Corn ($4.89B), Wheat ($4.61B), Iron Ore ($4.27B), and Semi-Finished Iron ($3.03B), exporting mostly to China ($7.26B), Poland ($3.26B), Russia ($2.97B), Turkey ($2.5B), and Egypt ($2.39B). The opinions expressed within reflect only the writers views and not necessarily The European Stings position on the issue. For seed oil, it accounts for more than 40% of all exports. Russia pulled out of its grain export deal with Ukraine over the weekend. This map shows whether countries import more from Russia or Ukraine. "There are more than ten vessels both outbound and inbound waiting to enter the corridor.". The main products exported from Russia to Ukraine were Refined Petroleum ($1.36B), Coal Briquettes ($670M), and Petroleum Gas ($275M). To check Ukraine and Russia trade dynamics, check the bilateral page. Growth In January 2022, the increase in Russia's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Refined Petroleum ($64.2M or 1.27k%), Hot-Rolled Iron Bars ($2.23M or 817%), and Vehicle Bodies (including cabs) for the ($1.97M or 54.8k%). Alongside higher prices, this could cause increased hunger and food insecurity in lower-income countries, the World Bank warns. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This article was written forThe European Sting by one of our passionate readers, Mr Donatas Palavenis. Russia had recently criticized the deal, saying its own grain exports have suffered due to Western sanctions. UNITED NATIONS The basic food security of tens of millions across the globe hung by a thread this week as the United Nations, Turkey and Ukraine desperately worked to preserve a deal that has permitted Ukrainian grain to move through the Black Sea. There are three main ways to tackle the food crisis, researchers at the International Food Policy Research Institute wrote in an article for the World Economic Forum. Iron and steel was the fastest grower among the top 10 export categories, up by 80.4% from 2020 to 2021. Russia is the world's largest exporter of fertilizers, accounting for 23% of ammonia exports, 14% of urea exports, 10% of processed phosphate exports, and 21% of potash exports, according to data from The Fertilizer Institute. Russia on Saturday suspended its participation in a landmark agreement that allowed vital grain exports from Ukraine, blaming drone attacks on Russian ships in Crimea. In 2020, exports of crude iron and steel along with their refined products made up $13 billion in value, making up more than a quarter of Ukraine's exports. Russia made the announcement . In 2018, Russia exported services to Ukraine worth $1.31B, with Travel ($931M), Other business services ($200M), and Transportation ($92.7M) being the largest in terms of value. During the last 24 years the exports of Russia to Ukraine have decreased at an annualized rate of 1.01%, from $8.05B in 1996 to $6.31B in 2020. (Video: Reuters) Article. City authorities said the harbor was "temporarily" closed to boats and ferries and urged people "not to panic.". In 2019, countries that imported more from Russia than Ukraine were China ($49.3B), United Kingdom ($25.3B), and Netherlands ($22.5B). Ukraine had to open its doors to Putin, had to let him get to Kiev and at that point launch [], This article was written forThe European Sting by one of our passionate readers, Dr Animesh Upadhyay. On Saturday, Russia said it was halting its participation after its army accused Kyiv of a "massive" drone attack on its Black Sea fleet, which Ukraine labelled a "false pretext. Some 34.29 billion was made from Ukrainian exports last year alone. Ukrainian President Volodymyr Zelensky called the Russian move "an absolutely transparent intention of Russia to return the threat of large-scale famine to Africa and Asia.". The 26th Conference of the Parties lasted from the 31st of October 2021, until the end of 12thNovember 2021. The longer the Russia-Ukraine conflict lasts, the more insecurity about food supplies it may . First published on Fri 22 Jul 2022 10.09 EDT. First published on Wed 2 Nov 2022 08.46 EDT. Listen to article. How does the war in Ukraine affect oil prices? 2022 The European Sting. Now Moscow uses a false pretext to block the grain corridor which ensures food security for millions of people. On the other hand, the DCFTA with the EU opened up new trade and investment opportunities. I call on all states to demand Russia to stop its hunger games and recommit to its obligations. The Russian invasion of Ukraine will slash wheat exports from the countries by a combined 12%, said the Agriculture Department on Wednesday in an initial assessment of the short-term impact of the war. Russia's blockade of grain exports makes it "impossible" for fully loaded ships to leave port, Ukraine charged Sunday after Moscow claimed drone attacks "It would be right and symbolic," said top United Russia official Andrei Turchak. Kyiv: Russia 's blockade of grain exports makes it "impossible" for fully loaded ships to leave port, Ukraine charged Sunday after Moscow claimed drone attacks on its Crimea fleet had exploited the grain corridor safe zone. The Initiative on the Safe Transportation of Grain and Foodstuffs from Ukrainian ports, also called the Black Sea Grain Initiative, is an agreement between Russia and Ukraine with Turkey and the United Nations (UN) made during the 2022 Russian invasion of Ukraine.. $1.31B, with Travel ($931M), Other business services ($200M), and Transportation ($92.7M) being the largest in terms of value. Countries with the biggest trade links to Russia and Ukraine face potential economic impacts. The main products that Ukraine exported to Russia were Aluminium Oxide ($470M), Hot-Rolled Iron ($140M), and Locomotive Parts ($100M). For more details, review our .chakra .wef-12jlgmc{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;font-weight:700;}.chakra .wef-12jlgmc:hover,.chakra .wef-12jlgmc[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-12jlgmc:focus,.chakra .wef-12jlgmc[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);}privacy policy. Under the agreement, brokered by the United Nations, more than 9 million tonnes of grain were exported, easing food supply shortages across the world. Ukraine is one of the main world exporters of grains as well as vegetable oils. Turkish President Recep Tayyip Erdogan said on Wednesday that Russia had agreed to resume the deal to allow the export of Ukrainian grain via the Black Sea as of midday . Nations from Europe to Asia and Africa will import somewhat less wheat in coming months in the face of higher . Moscow's forces alleged British "specialists," whom they said were based in the southern Ukrainian city of Ochakiv, had helped prepare and train Kyiv to carry out the strike. Russia's food and energy exports Russia accounts for 18% of the world's wheat exports and 14% of fertilizers. The Kremlin has said it will rejoin the UN-administered grain export corridor from Ukraine, after pulling out over the weekend following a drone attack . Similarly, the more yellow a dot/product is, the more Ukraine has comparative advantage over Russia. And we must all be determined to do whatever is necessary in order to make sure that we have the renewal of the Black Sea Grain Initiative," Guterres told reporters at the United Nations in New York. Russia initially said it would abandon the brokered deal that allowed exports of grain from Ukraine through the Black Sea, following a dramatic drone attack on its warships in the port of . from $8.05B in 1996 to $6.31B in 2020. In 2020/21, the country supplied numerous markets with Egypt and Turkey representing approximately 40 percent of . The July deal to unlock grain exports signed between Russia and Ukraine and brokered by Turkey and the UN, is critical to easing the global food crisis caused by the conflict. 4 min read. More than 13% of global corn exports and over 5% of wheat exports also come from Ukraine. Some countries in Europe, the Middle East, Africa and Central Asia usually get 75% of their wheat from Russia and Ukraine, the World Bank says. Ukraine exports mainly steel, coal, fuel and petroleum products, chemicals, machinery and transport equipment and grains like barley, corm and wheat. Russia had long been Ukraine's main trading partner and both economies were deeply interlinked from Soviet times. Grain exports from Russia and Ukraine in 2019 in Yemen were worth roughly $387.2 million out of a total of $1.02 billion in wheat exports. Here's a look at its top agricultural exports, based on data from the US Department of Agriculture. Concerns of Global Hunger Rise as Russia Resumes Blockade of Grain Exports From Ukraine Ukraine's Infrastructure Ministry reported Sunday that 218 ships involved in grain exports have been blocked . Climate intervention: an option for Global South to reduce near-term climate risk? (Bloomberg) -- A fresh round of Russian missile strikes hit power and water infrastructure across Ukraine after the Kremlin blamed Kyiv for strikes against its Black Sea fleet and pulled out of. BeforeMoscow's full-scale invasion of its ex-Soviet neighbor, Ukraine and Russia accounted for almost a quarter of global grain exports, until those shipments came to a severe halt for nearly six months. The Russian invasion of Ukraine substantially elevates the risk of disruptions in the global fertilizer trade. The Sierra Leone-flagged ship Razoni leaves the sea port in Odesa after restarting grain export, amid Russia's attack on Ukraine, Ukraine August 1, 2022. Russia suspends Ukraine grain exports deal. Countries that rely heavily on Russia and Ukraine for food will also feel the impact. EXPORT GROWTH (January 2021 - January 2022): $255M, (68.8%), IMPORT GROWTH (January 2021 - January 2022): $145M, (64.1%), MAIN EXPORTER (January 2022): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $147M. Russia and Ukraine lead the global production of metals such as nickel, copper and iron. "I'm not optimistic. You can unsubscribe at any time using the link in our emails. ISTANBUL Russia and Ukraine agreed . 3/10/2022. In the []. Russia rejoined the humanitarian agreement on Wednesday but with the caveat that the Kremlin may decline to renew the deal, which is set to expire in two weeks. Ukraine is one of the world's top exporters of staple grains. It's just that simple." In 2019, grain was Yemen's most imported product. With research, increasing investments in new agriculture technologies and the integration of local and regional initiatives aimed at enhancing food security, the platform is working with over 50 partner institutions and 1,000 leaders around the world to leverage emerging technologies to make our food systems more sustainable, inclusive and efficient. "In light of the terrorist act carried out by the Kyiv regime with the participation of British experts against ships of the Black Sea fleet and civilian vessels involved in the security of grain corridors, Russia suspends its participation in the implementation of the agreement on the export of agricultural products from Ukrainian ports," the Russian defense ministry said on Telegram. Between January 2021 and January 2022 the exports of Russia have increased by $255M (68.8%) from $370M to $625M, while imports increased by $145M (64.1%) from $226M to $371M. Get this delivered to your inbox, and more info about our products and services. Kyiv's maritime grain exports were halted after Russia pulled out of a landmark agreement that allowed vital shipments. New technologies could help our food systems become more sustainable and efficient, but unfortunately the agricultural sector has fallen behind other sectors in terms of technology adoption. A Division of NBCUniversal. Yoruk Isik/Reuters CNN Russia has rejoined the agreement that guarantees safe passage for ships carrying vital grain exports from Ukraine, just days after announcing it was suspending its. Each country is colored based on the difference in imports they receive from Russia and Ukraine or the difference in the growth in imports. 2022 CNBC LLC. As G7 leaders discuss supporting Ukrainian defense forces against Russia, we speak with Richard Gowan, U.N. director at the International Crisis Group, about the possibility of diplomacy to end . In absolute figures . A record 354,500 tons of agricultural products left Ukrainian ports on October 31 as part of the Black Sea grain deal despite Russia's withdrawal from the UN-brokered agreement that allowed . is affecting economies, industries and global issues, with our crowdsourced digital platform to deliver impact at scale. Unique Features: iSting & Harry Sting. Russia Weapons Exports to Africa Slowed by Ukraine War Report Ukraine Has Ground Down Russia's Arms Business The Kremlin's planned weapons exports are getting chewed up on the. Published by Statista Research Department , Apr 11, 2022 Russia and Ukraine accounted for roughly one third of the export trade in wheat in 2020. Grain exports will halt on Wednesday after Moscow pulled out of a deal to let ships through the Black Sea, as Russian President Vladimir Putin demanded "real guarantees" from Kyiv before . During the last 24 years the exports of Ukraine to Russia have decreased at an annualized rate of 2.64%, This means that access to food has actually worsened for more than 7 million consumers," he said in his nightly address. Ukraine's corn exports are concentratedwith more than one-third destined for China. The ship is being watched closely for signs of how well the first agreement signed by Moscow and Kyiv since Russia invaded can hold. (Bloomberg) -- Russia pulled out of a deal to allow Ukrainian grain exports from Black Sea ports after drone strikes against its naval vessels, a move that . Moscow pulled out of the UN-brokered agreement over the weekend following . Crude oil is Russias biggest export, accounting for $123 billion of its export revenues. And in the interim, governments need to protect their people by offering food or financial aid. Ukraine and Russia export agricultural and chemical products to many trading partners around the globe. All Rights Reserved. The Russian defence ministry said the country . Compare Exports by Country Last week, Moscow suspended its participationin the Black Sea Grain Initiative, citing retaliation for what it called Kyiv's "act of terrorism" against Russian warships. This article is brought to you thanks to the collaboration ofThe European Stingwith theWorld Economic Forum. Russia is a leading exporter of wheat. Moscow-installed authorities in Kherson, just north of Crimea, have vowed to turn the city into a fortress, preparing for an inevitable assault. More than 60% of the exports goes to other former Soviet Republics countries with Russia, Kazkhstan and Belarus being the most important. An aerial view shows ships at the anchorage area of the Bosphorus southern entrance in Istanbul, on October 12, 2022. Ukraine Exports to Russia - data, historical chart and statistics - was last updated on October of 2022. The other two cornerstones of Ukraine's industry and exports are iron ore and steel, along with refined electrical machinery, equipment, and other mechanical appliances. During the last 24 years the exports of Russia to Ukraine have decreased at an annualized rate of 1.01%, But there are also significant consequences for millions of other people around the world. Follow DW for the latest. This chart compares trade between Russia and Ukraine by product, considering products traded by both, Russia and Ukraine. In January 2022, the increase in Russia's year-by-year imports from Ukraine was explained primarily by an increase in product imports in Hot-Rolled Iron ($5.6M or 36.7%), Telephones ($3.07M or 364%), and Other Iron Products ($2.69M or 172%). U.N. Secretary-General Antonio Guterres welcomed Russia's decision to rejoin the agreement, which has helped to address the mounting food crisis. This reflects Ukraines status as the worlds biggest exporter of sunflower oil. These include other major grain producing countries boosting their exports for example by releasing stocks. .chakra .wef-facbof{display:inline;}@media screen and (min-width:56.5rem){.chakra .wef-facbof{display:block;}}You can unsubscribe at any time using the link in our emails. In 2020, Russia exported $6.31B to Ukraine. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. During the last 24 years the exports of Russia to Ukraine have decreased at an annualized rate of 1.01%, from $8.05B in 1996 to $6.31B in 2020. Two billion people in the world currently suffer from malnutrition and according to some estimates, we need 60% more food to feed the global population by 2050. Russia says it will immediately suspend a U.N.-brokered grain export deal that has seen more than 9 million tons of grain exported from Ukraine and brought down global food prices KYIV, Ukraine . Germany takes new steps to tackle the energy crisis. Its also a major force in the market for energy and metals, the World Bank says. The main products exported from Ukraine to Russia were Aluminium Oxide ($470M), Hot-Rolled Iron ($140M), and Locomotive Parts ($100M). One [], This article was exclusively written for The Sting by our writers at the heart of the war in Kharkiv. The biggest risk is possible disruption to the production or transportation of grains and seeds from Russia and Ukraine. Russia's blockade of grain exports makes it "impossible" for fully loaded ships to leave port, Ukraine charged Sunday after Moscow claimed drone attacks on its Crimea fleet had exploited the grain . The biggest markets for sunflower oil include India, China, Turkey and the Netherlands according to the Observatory of Economic Complexity, a data visualization platform. Since the European Union Monitoring Mission in Georgia began in 2009, Georgia has come a long way in terms of preparing to [], This article was written forThe European Sting by one of our passionate readers, Mr Tomasso Merlo. The opinions expressed within reflect only the writers views and not necessarily The European Stings position on the issue. In 2018, Russia exported Six months into the war, what is the state of Russia's economy? Ukraine-Russia In 2020, Ukraine exported $2.97B to Russia. The United Nations Coordinator for the Black Sea Grain Initiative, Amir Abdulla, reported that Russia had notified him earlier Saturday of "its concerns about the safety of movements of merchant vessels" under the agreement. Russia's top 10 exports accounted for over two-thirds (68.8%) of the overall value of its global shipments. Furthermore, about 84% of wheat requirements in Eastern Africa are met through imports. While Russia is running a record trade surplus, Ukraine's trade deficit reached $1.5 billion in January-March, increasing 13 percent year-on . Ukraine Exports to Russia - 2022 Data 2023 Forecast 1996-2021 Historical Ukraine Exports to Russia Ukraine Exports to Russia was US$3.35 Billion during 2021, according to the United Nations COMTRADE database on international trade. Russia on Wednesday rejoined a deal to allow Ukrainian grain exports through the Black Sea after pulling out of the agreement on Saturday. In early October, Moscow's bridge linking Crimea to the Russian mainland personally inaugurated by President Vladimir Putin in 2018 was damaged by a blast that Putin blamed on Ukraine. Ukraine was also exporting more than 5 million metric tonnes of wheat each month before Russia's invasion and, among other things, it is the largest exporter of sunflower products. It's also a "major force" in the market for energy and metals, the World Bank says. In 2020, Ukraine exported $2.97B to Russia. The opinions expressed within reflect only the writers views and not necessarily The European Stings position on the issue. Schwab Foundation for Social Entrepreneurship, Centre for the Fourth Industrial Revolution. After Russia invaded Ukraine in February, its navy imposed a blockade on Ukraine's Black Sea ports, trapping about 20 million tonnes of grain meant for export inside the country, along with other . All Rights Reserved. Mikhail Razvozhayev, the Moscow-installed governor of Sevastopol, said Saturday's drone attack was the "most massive" the peninsula had seen. The Ukraine export deal was initially agreed to for 120 days. Russia's Defense Ministry said Saturday that Moscow would suspend its implementation of a UN-brokered grain export deal that allowed for more than 9 million tons of grain to be exported from Ukraine. This means that Ukrainian electricity spot prices are suppressed, currently hovering around EUR 80.00/MWh. strong trade, financial and migration links to Russia and Ukraine, the worlds biggest exporter of sunflower oil, three main ways to tackle the food crisis, impact of Russias invasion of Ukraine on global food and energy supplies, How young innovators can solve youth mental health challenges, Intellectual property: Commission boosts protection of European craft and industrial products in the EU and beyond, COP27: European Union concludes a strategic partnership with Kazakhstan on raw materials, batteries and renewable hydrogen, Commission acts to promote transparency in the short-term rental sector to the benefit of all players, Payments: Commission proposes to accelerate the rollout of instant payments in euro, COP27: EU calls on all Parties to take concrete steps to limit global warming to 1.5C and respect the Paris Agreement, Berlin Process Summit: EU announces 1 billion energy support package for the Western Balkans and welcomes new agreements to strengthen the Common Regional Market, Global Gateway: EU, Cameroon and Nigeria inaugurate international Cross River Bridge to boost connectivity and socio-economic integration, Ukraine Reconstruction: Commissioner Simson visits the country to boost the support for Ukraines energy system, President Metsola condemns Iranian sanctions on Members of the European Parliament, Digital Markets Act: rules for digital gatekeepers to ensure open markets enter into force, European Forest Fire report: Three of the worst fire seasons on record took place in the last six years, Heres how natural disasters impact middle-class incomes. 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