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

Ukraine: what is the situation of the conflict?

As Russian troops have massively withdrawn from Ukraine’s central regions, such as those around Kiev, they are concentrating their forces more than ever on cities in the south and east of the country

As we are on the 47th day of the conflict, BFMTV returned to the situation in Ukraine yesterday.

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Ukraine: Societe Generale to end its banking and insurance activities in Russia

The French bank announced on Monday it will “cease its operations in Russia” and will sell all of its stake in Rosbank, a heavyweight in the Russian banking sector, as well as its insurance subsidiaries in the country, according to a statement. communicated

This “proposed transaction should lead” to a negative impact on its accounts of €3.1 billion, says the bank that has continued its operations in Russia since the invasion of Ukraine began on Feb. 24.

Zelensky warns that Russia is preparing ‘large-scale operations’ in eastern Ukraine

Ukrainian President Volodymyr Zelensky says in a televised speech that Russia is preparing “larger operations” in the east of the country and warns: “Next week will be no less important than this or the previous one. It will be just as tense.”

Austrian Chancellor in Moscow

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

After scaling back its plans and withdrawing its troops from the Kiev region and northern Ukraine, Russia has prioritized the total capture of Donbass, in the east, part of which has been controlled by pro-Russian separatists since 2014.

Towards a new package of sanctions against Russia

The European Union’s foreign ministers, meeting in Luxembourg on Monday, are to study a sixth package of sanctions against Moscow, which, however, will not affect oil and gas purchases.

The head of EU diplomacy Josep Borrell announced on Monday that he plans to launch discussions on an oil embargo, “but no formal proposal is on the table,” a senior European official admitted on Friday.

These discussions come at a time when the World Bank is releasing its latest prediction, catastrophically, for Ukraine: the economy of this country at war will shrink by 45.1% this year as a result of the conflict.

Bye everyone!

Welcome to this directly devoted to the follow-up to the war in Ukraine.

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