Important Takeaways:
- McDonald’s, Starbucks, Coke, Pepsi Join Exodus Out of Russia
- The Chicago-based burger giant said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.”
- Starbucks had said that it was donating profits from its 130 Russian stores __ owned and operated by Kuwait-based franchisee Alshaya Group __ to humanitarian relief efforts in Ukraine
- Coca-Cola Co. announced it was suspending its business in Russia, but it offered few details.
- Pepsi, based in Purchase, New York, said it will suspend sales of beverages in Russia. It will also suspend any capital investments and promotional activities.
- Yum Brands, the parent company of KFC and Pizza Hut, said late Tuesday it planned to temporarily close 70 company-owned KFC restaurants in Russia.
- Burger King said it is redirecting the profits from its 800 Russian stores to relief efforts and donating $2 million in food vouchers to Ukrainian refugees.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Russia Tells the US “We Have Found Your Biological Weapons”
- The Director of the Information and Press Department of the Ministry of Foreign Affairs of the Russian Federation, Maria Vladimirovna Zakharova, told the United States on Wednesday, “We have found your biological weapons!”
- Russia now demands the US to explain bio labs in Ukraine.
- Russia accused the U.S. of violations of the 1972 Biological Weapons Convention and has covered it up.
- Official spokesman for the China Communist Government confronted the United States on its 336 biological labs in 30 countries around the world. According to China, there are 26 US biological labs in Ukraine alone.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Biden to ban Russian oil imports over Ukraine war
- President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter.
- The move follows pleas by Ukrainian President Volodmyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector.
- The U.S. will be acting alone, but in close consultation with European allies, who are more dependent on Russian energy supplies. Natural gas from Russia accounts for one-third of Europe’s consumption of the fossil fuel. The U.S. does not import Russian natural gas
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Important Takeaways:
- Energy Giant Shell Withdrawing From Russia, Will Stop Buying Moscow’s Oil And Gas
- The company had already announced it intends to end its involvement in the Nord Stream 2 pipeline project and exit its equity partnerships with Russia’s Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development, and the Gydan energy venture.
- Dozens of companies, including major oil sector firms such as BP and Exxon, have said they are exiting Russia as the West imposes tight sanctions on Russia as punishment for its aggression against Ukraine.
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- How many refugees have fled Ukraine and where are they going?
- More than 1.7 million civilians have fled Ukraine because of the Russian invasion, according to the United Nations (UN).
- The UN refugee agency has warned, with up to four million people fleeing the country in the coming weeks and months.
- Other European countries 157,056
- Poland 885,303
- Hungary 169,053
- Slovakia 113,967
- Moldova 84,067
- Romania 71,640
- Russia 53,300
- Belarus 406
- The EU has been swift and united in its response…It is expected to give Ukrainian refugees the right to live and work in all EU countries for up to three years. Ukrainians will also be able to work, access education and housing without having to claim asylum.
- Poland and Slovakia have asked the EU for help providing for refugees. As a result, Greece and Germany are sending tents, blankets and masks to Slovakia, while France is sending medicine and other medical equipment to Poland.
- Germany and Austria are offering free train travel to those seeking to reach their countries from Ukraine.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says
- Higher food prices have contributed to a broader surge in inflation as economies recover from the coronavirus crisis and the FAO has warned that the higher costs are putting poorer populations at risk in countries reliant on imports.
- FAO said its vegetable oils index rose 8.5% month-on-month in February to chalk up another record high
- Ukraine and Russia account for about 80% of global exports of sunflower oil.
- The cereal price index rose 3.0% on the month, with maize prices up 5.1% and wheat prices increasing 2.1%
- AO’s dairy price index increased 6.4%, its sixth consecutive monthly rise, underpinned by tight global supplies
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Ukraine war ‘catastrophic for global food’
- “Things are changing by the hour”
- “We were already in a difficult situation before the war… and now it’s additional disruption to the supply chains and we’re getting close to the most important part of this season for the Northern hemisphere, where a lot of fertilizer needs to move on and that will quite likely be impacted.”
- Russia also produces enormous amounts of nutrients, like potash and phosphate – key ingredients in fertilizers, which enable plants and crops to grow.
- “Half the world’s population gets food as a result of fertilizers… and if that’s removed from the field for some crops, [the yield] will drop by 50%,” Mr. Holsether said.
- “For me, it’s not whether we are moving into a global food crisis – it’s how large the crisis will be.”
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- China Warns U.S. Against Forming Pacific NATO and Backing Taiwan
- China has often accused the U.S. of trying to form blocs to suppress its growth, a complaint that’s likely to attract greater attention after President Vladimir Putin cited similar grievances before his invasion of Ukraine.
- Foreign Minister Wang Yi said “This would not only push Taiwan into a precarious situation, but will also bring unbearable consequences for the U.S. side,” Wang said on the sidelines of the National People’s Congress in Beijing, later adding: “Taiwan will eventually return to the embrace of the motherland.”
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Moldova officially applies for EU membership
- Russia’s invasion of Ukraine has triggered fears among ex-Soviet countries that they may be next.
- Moldova has officially applied for membership of the European Union, a week after Russia’s invasion of Ukraine began.
- The announcement came after the European Parliament expressed backing for a similar move by Kyiv.
- The application will be sent to Brussels in the coming days, the president said.
- Fellow ex-Soviet republic Georgia also formally applied for membership
- The West has expressed concerns that Moldova and Georgia risk becoming possible targets for the Kremlin after Ukraine.
- “We stand with Moldova and Georgia to defend their sovereignty and security,” French President Emmanuel Macron said last week
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Matthew 24:6 “And you will hear of wars and rumors of wars. See that you are not alarmed, for this must take place, but the end is not yet.”
Important Takeaways:
- Russia says West arming Ukraine will cause ‘global collapse’ in chilling warning
- Vladimir Putin has demanded Ukraine recognize Russia’s claim to Crimea and acknowledges Donetsk and Lugansk as independent states if the war is to end.
- Ukraine must also lay down their arms and distance themselves from NATO.
- The demands come after reports Kremlin troops are preparing for a fresh attempt to seize Kyiv.
- Sending foreign weapons to Ukraine will lead to a “global collapse,” Russia’s foreign ministry has warned.
- Sergey Lavrov, Russia’s Foreign Minister, said western powers sending mercenaries and military equipment to the front lines would be a “catastrophic development.”
- Ukrainian President Vlodomyr Zelensky has vowed revenge after photos of a fleeing family lying dead in the street as Russian forces shelled Irpin shocked the world.
- In a fiery address on Sunday, Volodymyr Zelensky promised a day of judgement after the deaths of evacuating Ukrainians.
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