Societe Generale announces it will cease banking and insurance activities in Russia

10:21: Sharp contraction in Ukrainian GDP

Ukraine’s economy will shrink by 45.1% this year due to the war waged by Russia, whose GDP is expected to collapse by 11.2%, according to the latest forecasts by the World Bank. The entire region suffers from the economic consequences of this conflict: the institution therefore counts on a 4.1% contraction of GDP for emerging and developing countries of Europe and Central Asia. Eastern Europe alone is expected to experience a 30.7% recession.

9:07: Amnesty International condemns Poland’s hypocrisy over unfair treatment of refugees

Body searches, humiliating treatment, overcrowded detention centres… Poland is ignoring the rights of asylum seekers from Middle Eastern countries and other parts of the world, condemning Amnesty International in a new report on Monday. Treatments at odds with the warm welcome reserved for people fleeing Ukraine. “Poland should urgently extend its admirable compassion for those entering the country from Ukraine to all who cross its borders in search of safety,” Amnesty International said. Said.

08:53: “Russian troops will move on to even larger operations in the east of our state,” says Zelensky

“Russia will be even more afraid. He will be afraid of losing. He will be afraid to have to know the truth, ”said Volodymyr Zelensky in a video address late at night. “Russian troops will move on to even larger operations in the east of our state. They could use more missiles, even more air bombs, against us. But we are preparing for their actions. We will answer, ”said the president of Ukraine.

08:15: Societe Generale announces it will cease banking and insurance activities in Russia

French bank Societe Generale announced on Monday that it is “ceasing operations” in Russia and will sell all its shares in Rosbank, a Russian banking heavyweight company, as well as its insurance subsidiaries in the country. It is stated that the bank, which has been operating in Russia since the beginning of the occupation of Ukraine on February 24, should have a negative impact on its accounts of 3.1 billion euros from this “projected transaction”.

Amid inflation and recession risk, ECB seeks parade

The European Central Bank will seek to clarify its response on Thursday to the puzzle, which combines fears of runaway inflation and a recession linked to Ukraine, a factor in growing tensions among those responsible for monetary policy. Faced with the uncertain economic consequences of the Russian invasion, the euro’s protectors were cautious at their last meeting in March. Will they find the context more readable when they meet in Frankfurt on Thursday?
Controversy is expected to flare up between the “hawks” who support rapid monetary tightening to stem the rise in prices, and the “pigeons” who fear the withdrawal of support will stifle slowing growth.

07:32: Finland Post to suspend letter and parcel traffic to Russia and Belarus

The Finnish public postal operator Posti is suspending letter and parcel traffic to Russia and Belarus from Monday. “The suspension concerns letter and parcel traffic from Finland to Russia and Belarus, and also from Russia and Belarus to Finland. Undeliverable shipments will be returned to senders, Posti said. Referring to exceptional circumstances under the Universal Postal Union agreements, Posti said traffic would be suspended “until further notice”.

Good deals of Russian companies in Germany

Stuck by its dependence on Russian gas, Germany discovered another Achilles heel: the heaviness of Russian capital in oil refineries, pipelines, and other gas reserves. The subsidiaries of Gazprom and Rosneft giants are key players in the country’s energy infrastructure. Spiegel magazine observes that German political and economic leaders find themselves “ahead of the ruins” of cooperation with Russia, which has long been perceived as the guarantor of a détente with the Vladimir Putin regime. “They must face the facts,” the weekly continues: they did not call the change agents in Russia, but perhaps the Trojans from the Kremlin”.

06:43: Controversial pro-Russian demonstrations in Germany

Several controversial pro-Russian rallies were held in Germany this weekend at the initiative of the country’s large Russian-speaking community, which has seen itself as the victim of discrimination since Ukraine was occupied by soldiers from Moscow. According to police, around 800 people gathered in central Frankfurt on Sunday chanting “against hate and harassment” and waving tricolor Russian flags. In Hannover, in the north of the country, 600 people gathered simultaneously at the call of members of the Russian-speaking community. According to the police, similar demonstrations with 150 participants were held the day before in Lübeck in the north and Stuttgart (southwest).

06:03: “The war for Donbass will take several days”

“The war in Donbass will last for several days, and these days our cities can be completely destroyed,” Sergei Gaïdaï, governor of the Lugansk region in Donbass, wrote on Facebook. “The Mariupol scenario could be repeated in the Lugansk region,” he said, referring to the large port in southeastern Ukraine that has been devastated and besieged by Russian forces since late February.

05:50: Austrian Chancellor Karl Nehammer meets with Vladimir Putin in Moscow

Austrian Chancellor Karl Nehammer will become the first European leader to meet with President Vladimir Putin in Moscow on Monday since Russia’s invasion of Ukraine began. While Karl Nehammer told reporters that he “plans to do everything to ensure that measures are taken for peace”, he acknowledged that his chances of achieving this are slim.

More than 4.5 million refugees

The High Commissioner for Refugees (UNHCR) counted exactly 4,503,954 Ukrainian refugees on Sunday. These are 62,291 more than the previous number on Saturday.

05:45: New sanctions discussed this Monday

European Union foreign ministers will discuss a sixth package of sanctions against Moscow in Luxembourg on Monday, but halting oil and gas purchases to stop Russia funding the war effort divides 27 Ukrainian President Volodymyr Zelensky from his European counterparts, continues to demand its acceptance. strong sanctions” calls for an end to oil and gas purchases and the supply of heavy weapons to resist the declared offensive in the Donbass region (east).

Positions and movements of Russian troops this weekend

Infographic

What to remember from Sunday

  • Ukraine’s Prosecutor General Iryna Venicetova told British channel Sky News on Sunday that more than 1,200 bodies have so far been found in the Kyiv area, which has been partially occupied by Russian forces for weeks.
  • Russian bombardments continued on Sunday: two people were killed in Kharkiv, the country’s second city, which was bombed 66 times in 24 hours, according to Ukrainian authorities. Dnipro airport was hit again and “completely destroyed”.
  • 5,600 war crimes investigations were opened in Ukraine.
  • Pope Francis called for an “Easter truce” in Ukraine on April 17 to “achieve peace through real negotiations”.
  • Ukraine said it was ready to wage a “major war” in the east of its territory, as the bombardment of Donbass, where the curfew continued until Monday morning, and Odessa in the south, intensified.

05:45: Hello everyone, welcome to this live broadcast where we will follow the situation around the conflict in Ukraine on Monday, April 11, 47th day of the Russian occupation.