Russia Ukraine war live updates: Putin says 'Thank God' some foreign companies have left Russia
THE TIMES OF INDIA | May 26, 2022, 23:11:19 IST

Russia Ukraine war live updates: Putin says 'Thank God' some foreign companies have left Russia

President Vladimir Putin said that he was glad some foreign companies had left Russia because home-grown businesses could take their place, and he warned the West that Moscow would still find ways to acquire advanced technology and luxury goods. Meanwhile, four people were killed in fresh Russian shelling of Ukraine's second city Kharkiv. Stay with TOI for latest updates:Read Less

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23:11 (IST) May 26

Finland's prime minister said on Thursday Russia's actions in Ukraine were a turning point for the world and relations with Moscow could not go back to how they were before its invasion.

22:49 (IST) May 26

Putin says Russia is ready to help solve food crisis if West lifts sanctions.

22:23 (IST) May 26

Russia confirms sacking 100 guards for refusing to fight in Ukraine (AFP)

A Russian court confirmed the dismissal of 115 national guardsmen who challenged their sacking after refusing to take part in Moscow's military operation in Ukraine. The case appears to be the first official confirmation of soldiers refusing to join Russia's military campaign in Ukraine that was launched on February 24.

22:11 (IST) May 26

WHO member states strongly condemned Russia's war in Ukraine and attacks on healthcare facilities in a resolution overwhelmingly adopted on Thursday.

22:10 (IST) May 26

WHO condemns Russia's aggression in Ukraine in rare vote

The resolution was approved by 88 votes in favour and 12 against, with 53 abstentions, the meeting's president Hiroki Nakatani said prompting a standing ovation by the resolution's backers.

22:06 (IST) May 26

Zelenskiy thanks Finnish PM for support as she visits Ukraine

"For us, Finland's military assistance is very valuable," Zelenskiy, wrote on Facebook after talks with Marin. "Weapons, sanctions policy and the unity of our partners in the issue of Ukraine's accession to the EU - this is what can provide strength in the defence of our land.

22:03 (IST) May 26

US aims to leverage Russia-Ukraine bloc against China

21:42 (IST) May 26

Russia's central bank slashed its key interest rate to 11% on Thursday and said it saw room for more cuts this year, as inflation slows from more than 20-year highs and the economy heads towards a contraction.

21:36 (IST) May 26

Not without losses at a certain stage, but it helps us in a way to become stronger. In any case, we are definitely acquiring new competencies, we are starting to concentrate our economic, financial and administrative resources on breakthrough areas.

- Putin

21:36 (IST) May 26

Representatives of our businesses face problems, of course, especially in the field of supply chains and transport. But nevertheless, everything can be adjusted, everything can be built in a new way.

- Putin

21:18 (IST) May 26

Putin promised that Western attempts to isolate Russia would fail, saying developed economies were grappling with an inflationary spiral, broken supply chains and a food crisis just as the centre of global economic power had moved to Asia.

Western sanctions have stoked Russian inflation while snarling supply chains, though Putin said the country is coping well and that Russia is turning away from the West in favour of China, India and other powers.

21:04 (IST) May 26

It will be a little more expensive for them but these are people who already drove Mercedes 600s and they will still do so. I can assure you they will bring them in from wherever, from whichever country.

Putin

21:03 (IST) May 26

Speaking by video link to leaders of ex-Soviet states, Putin quipped that luxuries such as the Mercedes favoured by bandits in the chaos of post-Soviet Russia would still be available, though he admitted they might be a little more expensive.

21:02 (IST) May 26

Sometimes when you look at those who leave - thank God, perhaps? We will occupy their niches: our business, our production – it has already grown, and it will safely sit on the ground prepared by our partners.

Putin

21:01 (IST) May 26

President Vladimir Putin said on Thursday that he was glad some foreign companies had left Russia because home-grown businesses could take their place, and he warned the West that Moscow would still find ways to acquire advanced technology and luxury goods.

20:15 (IST) May 26

Advancing Russian forces came closer to surrounding Ukrainian troops in the east, briefly seizing positions on the last highway out of a crucial pair of Ukrainian-held cities before being beaten back (Reuters)

19:39 (IST) May 26

Ukraine's richest man plans to sue Russia for huge losses

19:30 (IST) May 26

German Chancellor Olaf Scholz on Thursday said Russian President Vladimir Putin cannot be allowed to win his war in Ukraine and sought to end any dependence on Russian fuels, even as he asserted that deglobalisation was not going to work.

18:55 (IST) May 26

Ukraine said Thursday that fighting in the eastern Donbas region of the country had reached its fiercest level yet, as Russian forces pushed deeper into the industrial region.

18:28 (IST) May 26

Ukraine says war in east at 'maximum intensity'

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