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Russia-Ukraine

cereales

Spanish economy 2nd March 2022

Spain, with a deficit in cereals, imports annually almost 30% of the corn it needs from Ukraine

According to data from the agricultural organization Asaja, Spain annually imports almost 30% of the corn it needs from Ukraine. “The Spanish agricultural sector will undoubtedly be one of the victims. Our imports of cereals and sunflower, as well as basic means of production such as manure and fertilizers, will be seriously affected, which will imply a new increase in production costs for the sector”, the association pointed out. In…

pedro sanchez reflexiona

Relevant News Item 1st March 2022

Sánchez Rules Out Sending Arms Directly To Ukraine And Avoids Clarifying Whether It Is An Imposition From Podemos

Spain, after being one of the last European countries to close its airspace to Russian airlines, will limit the sending of offensive weapons to Ukraine just to the agreement adopted by the European Union. It does not plan to increase the defence budget, as other EU governments will do in response to the Russian invasion of Ukrainian territory. This was announced on Monday by Prime Minister Pedro Sánchez, in an…

Swift

World economy 1st March 2022

The Swift “Weapon Of Economic Mass Destruction”: Could Be Disconnecting Russia Devastating Or Not?

Last week there was already talk about the possibility of excluding some Russian banks from the SWIFT system, so the decision announced by Ursula Von der Leyen in the early hours of Sunday morning was not entirely unexpected. It is considered a “weapon of (economic) mass destruction”. The decision to exclude banks from the SWIFT system has never before been applied to a banking system as interconnected as the Russian…

enagas factory

Spanish economy 28th February 2022

Spain Has Guaranteed The Supply Of Natural Gas In The Face Of Russia-Ukraine War

Spain is not in a situation of lack of gas supply in the coming months, as it has scheduled the arrival of a total of 56 ships of liquefied natural gas (LNG) between February and March. It also continues to implement all possible preventive measures to contribute to the guarantee of energy supply, with the launch last week of four other extraordinary ‘slots’ – rights to unload LNG – as…