LIVE – War in Ukraine: Societe Generale closes its banking and insurance activities in Russia

Ukraine: what is the status of the conflict?

While the Russian troops have massively withdrawn from the central regions of Ukraine, such as around Kyiv, they are concentrating their forces more than ever to cities in the south and east of the country.

Since we are on the 47th day of the conflict, yesterday BFMTV came back to the situation in Ukraine.

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Ukraine: Societe Generale ceases its banking and insurance activities in Russia

The French bank announced on Monday that it would end “its activities” in Russia and sell all its shares in Rosbank, a heavyweight in the Russian banking sector, as well as its insurance subsidiaries in the country, according to a press release.

This “proposed transaction should result in a negative impact on its accounts of 3.1 billion euros,” specifies the bank, which has continued its activities in Russia since the invasion of Ukraine began on February 24.

Zelenskyy warns that Russia is preparing “major operations” in eastern Ukraine

In a televised speech, Ukrainian President Volodymyr Zelenskyy says Russia is preparing “major operations” in the east of the country and warns: “The next week will be no less important than this one or the previous ones. It will be just as tense.”

Austrian Chancellor in Moscow

Austrian Chancellor Karl Nehammer on Monday became the first European leader to visit Moscow since the start of the invasion of Ukraine, a “risky mission” as Kyiv prepares for a massive Russian offensive in the east.

Having scaled back plans and withdrawn troops from the Kyiv region and northern Ukraine, Russia has made its priority to fully seize the Donbass in the east, part of which has been controlled by pro-Russian separatists since 2014.

Towards a new package of sanctions against Russia

European Union foreign ministers, meeting in Luxembourg this Monday, must consider a sixth package of sanctions against Moscow, which will not, however, affect oil and gas purchases.

The head of EU diplomacy, Josep Borrell, announced his intention to start discussions on an oil embargo on Monday, “but a formal proposal is not on the table,” a senior European official admitted on Friday.

These discussions come at a time when the World Bank is releasing its latest disastrous forecast for Ukraine: the war-torn country’s economy will shrink by 45.1% this year as a result of the conflict.

Hello, everyone!

Welcome to this directive dedicated to the post-war in Ukraine.

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