Fewer than 20 ships transited key Strait of Hormuz over weekend
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffi...
Russian President Vladimir Putin on Monday called for a harsh crackdown on foreign services like Microsoft and Zoom that have announced plans to leave Russia but continue to operate and profit within the country.
Speaking at a business meeting in Moscow, Putin said these companies should be “strangled,” adding, “I say this without embarrassment because they are trying to strangle us.”
Putin also urged Russian citizens to stop using Western services he described as promoting “bad habits.” While he criticized European firms for halting medical equipment deliveries to Russia, he noted that some U.S. companies continue to supply medical gear.
Regarding McDonald’s, which pulled out of Russia following the invasion of Ukraine, Putin was firm: “They put everyone in a difficult position, ran away, and now if they want to come back, should we pave the way for them? Of course not.”
This hardline stance comes amid a wider trend of international companies leaving Russia after its 2022 full-scale invasion of Ukraine. Nearly 500 global firms—including major brands like FedEx, Unilever, and IKEA—have fully exited the Russian market due to sanctions, ethical concerns, and reputational risks. Despite this, over 2,200 companies continue to operate in Russia, generating significant revenue and tax income that support the government. Many firms face difficulties in fully divesting their assets, while Western companies remain cautious about returning amid ongoing legal and political uncertainties.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Azerbaijan and Uzbekistan have elevated bilateral ties with a Treaty on Eternal Friendship signed by Presidents Ilham Aliyev and Shavkat Mirziyoyev in Tashkent on 23 August. The leaders also agreed to expand trade, investment, transport, and regional cooperation.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of August, covering the latest developments.
New Zealand Prime Minister Christopher Luxon said on Monday that his party will introduce a bill to ban children under 16 from using social media. The proposal would allow fines of up to 10 per cent of a platform’s global revenue for non-compliance.
Russia reported a major fire at an Ozon logistics hub in Krasnodar after a drone attack on Monday, while Ukraine’s President Volodymyr Zelenskyy denied Kyiv’s official involvement in the Nord Stream 2 pipeline blasts.
Icelanders will vote on Saturday, 29 August, on whether to begin negotiations with the European Union, in a referendum that could reopen the country’s long-debated membership question.
At least 30 people have been killed after a massive landfill collapsed onto homes in Guinea's capital, Conakry, following heavy overnight rainfall that triggered a deadly landslide of waste in one of the city's densely populated districts.
Canada has rejected a proposed trade agreement with the United States after negotiations broke down over what Ottawa described as a series of last-minute demands that would have disproportionately favoured Washington and undermined Canadian economic interests.
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