As Ukraine war ends first month, Putin hits back at sanctions with oil payment changes

A Ukrainian firefighter stands in the ruins of a house destroyed by bombing in Kyiv, Ukraine, Wednesday, March 23, 2022. (AP)
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Updated 24 March 2022
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As Ukraine war ends first month, Putin hits back at sanctions with oil payment changes

  • Chubais was Putin’s boss in the future president’s first Kremlin job
  • He later ran big state businesses under Putin and held political jobs, lately serving as Kremlin special envoy to international organizations

LVIV: Russian forces bombed areas of the Ukrainian capital Kyiv on Wednesday, a month into their assault, while Western leaders gathered in Brussels to plan more measures to pressure Russian President Vladimir Putin to halt his campaign.
Putin, responding to a welter of Western sanctions that have hit Russia’s economy hard and frozen its assets, said Moscow planned to switch its gas sales to “unfriendly” countries to rubles — a move that alarmed international markets.
And in a sign of cracks in Moscow’s ranks, a veteran aide to Putin, Anatoly Chubais, resigned over the Ukraine war and has left Russia with no intention to return, two sources said. He was first senior official to break with the Kremlin since Putin launched his invasion on Feb. 24.
Although the invasion force has stalled in some areas and fierce Ukrainian resistance has thwarted its hopes for a swift victory, Russian artillery and air strikes maintained their bombardments on several cities, while civilians who have been unable or unwilling to flee sheltered underground.
“I have never seen such cruelty before,” said Kateryna Mytkevich, 38, who reached the Polish border transit hub of Przemysl with her child after fleeing the eastern city of Chernihiv. The city was “fully destroyed,” she said.
US President Joe Biden was flying to Europe for an emergency summit on Ukraine with NATO and European leaders at the Western military alliance’s headquarters in Brussels on Thursday.
The leaders are expected to roll out additional sanctions against Russia. They would also agree to bolster forces on the alliance’s eastern flank, NATO secretary-general Jens Stoltenberg told a news conference ahead of the summit.
However, he said NATO would not send troops into Ukraine.
“It is extremely important to provide support to Ukraine and we are stepping up. But at the same time it is also extremely important to prevent this conflict becoming a full-fledged war between NATO and Russia,” he said.

“Unfriendly countries”

Putin’s message was clear: If you want our gas, buy our currency. It remained unclear whether Russia has the power to unilaterally change existing contracts agreed upon in euros.
The ruble briefly leapt after the shock announcement to a three-week high past 95 against the dollar. It pared gains but stayed well below 100, closing at 97.7 against the dollar, down more than 22 percent since Feb. 24.
Some European wholesale gas prices up to 30 percent higher on Wednesday. British and Dutch wholesale gas prices jumped.
Putin’s announcement that Russia would switch certain gas sales to rubles sent European futures soaring on concerns the switch would exacerbate the region’s energy crunch and jam up deals that run to hundreds of millions of dollars every day.
Russian gas accounts for some 40 percent of Europe’s total gas consumption.
Moscow has drawn up a list of “unfriendly” countries, which corresponds to those that imposed sanctions. Deals with companies and individuals from those countries must be approved by a government commission.

The countries include the US, European Union member states, Britain, Japan, Canada, Norway, Singapore, South Korea, Switzerland and Ukraine. Some, including the US and Norway, do not purchase Russian gas.
“Russia will continue, of course, to supply natural gas in accordance with volumes and prices...fixed in previously concluded contracts,” Putin said at a televised meeting with government ministers.
“The changes will only affect the currency of payment, which will be changed to Russian roubles,” he said.
Western sanctions imposed on Russia for its actions have ostracized it from the world economy.
Putin sent his troops into Ukraine on Feb. 24 on what he terms a “special military operation” to demilitarise and “denazify” the country. The West says it is a war of aggression aimed at reasserting Russia’s sway over the former Soviet Republic.
But after a month of bloodshed, Russian forces have failed to capture a single major city.
Although the Kremlin says the operation is going to plan, they have taken heavy losses, been frozen in place on most fronts, and face supply problems and fierce resistance. They have turned to siege tactics and bombardment, causing massive destruction and many civilian deaths.
The conflict has also driven a quarter of Ukraine’s 44 million people from their homes.
Kyiv’s mayor, Vitali Klitschko, told reporters on Wednesday that 264 civilians in the city had been killed by Russian attacks. The noise of bombs falling could be heard in background as he spoke. But Ukrainian forces had retaken the nearby towns of Makariv and Irpin from Russian control, he said.
Klitschko said later that one person was killed and two seriously wounded on Wednesday when shells hit a shopping center parking lot in a northern part of Kyiv. “The enemy continues to fire at the capital,” Klitschko said in an online post.
Russia denies targeting civilians.

Smoke over the water 
Worst hit has been Mariupol, a southern port surrounded by Russian forces, where hundreds of thousands of people have been sheltering since the war’s early days, under constant bombardment and with food, water and heating supplies cut.
Satellite photographs from commercial firm Maxar released overnight showed massive destruction of what was once a city of 400,000 people, with columns of smoke rising from residential apartment buildings in flames.
Despite its losses so far, Russia may still be hoping to make more gains on the battlefield, especially in the east, in territory including Mariupol that Moscow demands Ukraine cede to Russian-backed separatists.
British military intelligence said the entire battlefield across northern Ukraine — which includes armored columns that once threatened Kyiv — was now “static,” with the invaders apparently trying to reorganize.
But in the east, the Russians were trying to link troops at Mariupol with those near Kharkiv, Ukraine’s second city, in the hope of encircling Ukrainian forces. In the southwest they were bypassing the city of Mykolayiv to try to advance on Odesa, Ukraine’s biggest port, the British report said.
Ukrainian officials described sporadic shelling in other cities overnight, with two civilians killed in the Mykolayiv region, a bridge destroyed in the Chernihiv region. Reuters could not immediately verify these incidents.

Economic reformer 
In Moscow, the Kremlin confirmed that Chubais, the senior official had resigned of his own accord.
Chubais was one of the principal architects of Boris Yeltsin’s economic reforms of the 1990s and was Putin’s boss in the future president’s first Kremlin job. He later ran big state businesses under Putin and held political jobs, lately serving as Kremlin special envoy to international organizations.
Chubais hung up the phone when contacted by Reuters. The sources did not say where he was.


Asia rings in 2026 with Australia hosting defiant celebration after mass shooting

Updated 31 December 2025
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Asia rings in 2026 with Australia hosting defiant celebration after mass shooting

  • Australia holds defiant celebrations after its worst mass shooting in nearly 30 years
  • Hong Kong holds a subdued event after a deadly fire in tower blocks

MELBOURNE, Australia: Auckland was the first major city to ring in 2026 with a fireworks display launched from New Zealand’s tallest structure, Sky Tower, followed by a defiant celebration in Australia in the aftermath of its worst mass shooting.
South Pacific countries were the first to bid farewell to 2025. Clocks stuck midnight in Auckland 18 hours before the famous ball drop in New York’s Times Square. The five-minute display involved 3,500 fireworks.

Defiant celebration in Australia after worst mass shooting

Australia’s east coast welcomed 2026 two hours after New Zealand. In Sydney, the country’s largest city, celebrations were held under the pall of Australia’s worst mass shooting in almost 30 years. Two gunmen targeted a Hannukah celebration at Bondi Beach on Dec. 14, killing 15 and wounding 40.
A heavy police presence monitored the thousands who thronged to the waterfront to watch a fireworks show centered on the Sydney Harbor Bridge. Many officers openly carried rapid-fire rifles, a first for the annual event.
An hour before midnight, the massacre victims were commemorated with a minute of silence while images of a menorah were projected on the bridge pylons. The crowd was invited to show solidarity with Australia’s Jewish community.
New South Wales Premier Chris Minns urged Sydney residents not to stay away through fear, saying extremists would interpret smaller crowds at New Year’s Eve festivities as a victory.
“We have to show defiance in the face of this terrible crime and say that we’re not going to be cowered by this kind of terrorism,” he said.

Indonesia and Hong Kong hold subdued events

In Indonesia, one of Australia’s nearest neighbors, cities scaled back festivities as a gesture of solidarity with communities devastated by floods and landslides that struck parts of Sumatra island a month ago, claiming more than 1,100 lives.
The capital, Jakarta, was not ringing in 2026 with its usual fanfare, choosing subdued celebrations with a program centered on prayers for victims, city Gov. Pramono Anung said last week.
Makassar Mayor Munafri Arifuddin urged residents of one of Indonesia’s largest cities to forgo parties, calling for prayer and reflection. “Empathy and restraint are more meaningful than fireworks and crowds,” he said.
Concerts and fireworks on Indonesia’s tourist island of Bali were canceled and replaced with a cultural arts event featuring traditional dances.
Hong Kong, too, was ringing in 2026 without the usual spectacle in the sky over iconic Victoria Harbor, after a massive fire in November killed at least 161 people.
The facades of eight landmarks were turning into giant countdown clocks presenting a three-minute light show at midnight.
Many parts of Asia welcome the new year by observing age-old traditions.
In Japan, crowds were gathering at a Buddhist temple in Tokyo for a bell striking at midnight. In the South Korean capital, Seoul, a bell tolling and countdown ceremony were being held at the Bosingak Pavilion.

Berliners celebrate in snowfall

Tourists and Berliners alike marked the end of 2025 by enjoying snowfall, taking selfies and making snowmen in front of the German capital’s cathedral and the iconic Brandenburg Gate. The Berlin TV Tower was nearly invisible thanks to the falling flakes and fog.
Quieter celebrations in Greece and Cyprus
Greece and Cyprus were ringing in 2026 by turning down the volume, replacing traditional fireworks with low-noise pyrotechnics, light shows and drone displays in capital cities. Low-noise fireworks avoid the explosive bursts that generate the loud cracks of traditional displays.
Officials in the countries said the change is intended to make celebrations more welcoming for children and pets, particularly animals sensitive to loud noise.

Additional security in New York City

Police in New York City will have additional anti-terrorism measures at the Times Square ball drop, with “mobile screening teams” in search of suspicious activity. It is not in response to a specific threat, according to NYPD Commissioner Jessica Tisch.
After the ball drops in Times Square, it will rise once again, sparking in red, white and blue, to mark the country’s upcoming 250th birthday celebration. It will be one of several patriotic flourishes throughout the night, organizers said.
Zohran Mamdani will take office as mayor at the start of 2026. Two swearing-in ceremonies are planned, starting with a private ceremonial event around midnight in an old subway station.