Ukraine Nuclear Plant Blast: China Urges All Sides To Exercise Restraint


BRICS development bank puts new transactions in Russia on hold; Ukraine says Russians seize the nuclear plant as reported by Nikkei

After months of massing soldiers near Ukraine’s borders, Russia has launched an invasion. According to Ukrainian President Volodymyr Zelenskyy, the military action ordered by Russian President Vladimir Putin on February 24 amounts to a full-scale invasion.

Russian fire has already hit dozens of military locations, with deaths growing. The consequences are being felt far beyond Europe, as Asia is rocked by increased geopolitical risk and volatile energy and financial markets.

Here are the latest developments:

  • The New Development Bank established by the BRICS group of emerging nations says it has put new transactions in Russia on hold. 
  • “NDB will continue to conduct business in full conformity with the highest compliance standards as an international institution,” it said in a statement posted on its website.
  • Brazil, Russia, India, China and South Africa — known together as BRICS — are members of the NDB.
  • China’s foreign ministry has urged all sides to ensure the safety of nuclear facilities in Ukraine after a fire broke out in a building adjacent to a nuclear plant there during intense fighting. It also said efforts were being made to ensure the operations were in line with safety requirements.
  • Home rental company Airbnb is suspending all operations in Russia and Belarus, CEO Brian Chesky says in a tweet.
  • Alphabet’s Google says it has stopped selling online advertising in Russia, a ban that covers search, YouTube and outside publishing partners. 
  • After Russia bombed the power station in the southern Ukrainian city of Enerhodar, a representative for Europe’s largest nuclear reactor said the facility is on fire.

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Source: Nikkei


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