Antigua PM warns of increased price for goods and services as a result of Russia-Ukraine war

Prime Minister Gaston Browne has told Antigua and Barbuda to brace for increased prices for goods and services as oil prices soar past US$100 a barrel as a result of Russia’s invasion of Ukraine last week.

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.

Brent crude rose US$4.82, or 4.9 per cent, to US$102.75 after reaching a high of US$105.07 a barrel in early trade.

“Now, I believe that within the last few days petroleum prices are about US$100 per barrel and potentially it could get up to maybe US$120 within the next week or two, especially if this conflict continues,” Browne said.

“So, there is the implication of potentially where we have been subsidising the pricing and would have kept the pricing of petroleum products stable for the last few years, we could have a situation where we are forced to increase the price at the pump.”

Prime Minister Browne told listeners to his radio programme that the economic fallout which could arise out of the emerging conflict could mean that his administration may find it much more difficult to protect consumers from high prices at gas station pumps across the country.

“If petroleum prices continue to increase, then there may be a time when we cannot continue to hold the price of EC$12.50 (One EC dollar=US$0.37 cents) or whatever it is for gas and then in that case, they may have to be a pass through at some point.

“Again, the whole idea is to reduce the price at the pump but if it gets to the stage in which the government consumption tax is totally wiped out and then it’s going into negative ground then we may have to pass on the increase in price to consumers,” he said.

“Petrol and food, those contribute to co-inflation and the thing about it is that these increases in those prices affect the poor disproportionately and that is why Antigua and Barbuda has had this price equalisation mechanism in place to control the price at the pump.”

Prime Minister Browne told listeners that larger countries tend to throw democracy out of the window due to sheer power and size of both land mass and economy.

“We have to be careful not to get involved in their rhetoric but at the same time stand on those principles that will defend our interests. These powerful countries, whenever it is convenient for them, they speak about defending democracy but whenever they believe their so-called national interest is at stake, then might becomes right and that is precisely what is happening right now in Russia,” he said.

Source-CMC


Zelenskyy says Ukraine will not concede any ground

As of Sunday evening, there is growing evidence that Ukraine is managing to inflict significant casualties on Russian forces as they try to advance deeper into the country and that the lightning strike Russia hoped to carry out on the capital Kyiv has been slowed by intense and popular resistance.

According to a U.S. senior defense official, Russian troops appear to be having fuel and logistics shortages near Kharkiv in northeast Ukraine but also credited the slowdown of the invasion to the resistance, saying that it is believed the advance was slowed in part "by resistance by the Ukrainians who have been quite creative in finding ways to attack columns."

Meanwhile, Ukrainian President Volodymyr Zelenskyy provided an update to the invasion on Sunday giving a pessimistic outlook on possible diplomatic solutions with Russia.

In a three-minute televised speech, Zelenskyy said he talked with Belarusian leader Alexandr Lukashenko for the first time in two years. Lukashenko suggested that Russian and Ukrainian delegations meet at the Belarus-Ukraine border for negotiations -- something Ukraine agreed to earlier Sunday but Zelenskyy said he told Lukashenko he does not believe there will be a breakthrough or tangible outcome in talks with Russian representatives.

Source-ABC


White House, allies announce disconnecting "selected" Russian banks from SWIFT

The White House announced over the weekend further sanctions on Russia, saying that along with the European Commission, it will be disconnecting some Russian banks from SWIFT and are “imposing restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions.”

“This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally,” the White House said in a statement. The US and partner nations are also limiting the sale of “golden passports” and in the coming weeks will launch a transatlantic task force “that will ensure the effective implementation of our financial sanctions by identifying and freezing the assets of sanctioned individuals and companies that exist within our jurisdictions” and will “step up” coordination against disinformation and “other forms of hybrid warfare.”

A senior administration official said that this move to sanction the central bank will show that Russia’s defense of claiming that sanctions don’t hurt their economy “is a myth.”

“The 600 billion+ war chest of Russia's foreign reserves is only powerful if Putin can use it. And without being able to buy the ruble from Western financial institutions, for example, Putin and the central bank will lose the ability to offset the impact of our sanctions. The ruble will fall even further, inflation will spike, and the central bank will be left defenseless.”

On Sunday, Japan announced it too would join the United States and other allies in the sanctions, a move praised by the White House. Press secretary Jen Psaki said in a written statement that the U.S. welcomed Japan’s announcement, and she praised Japan for being “leaders in condemning President Putin’s attack on Ukraine.”

Source-ABC


EU shuts airspace to Russian airlines, will buy Ukraine arms

The European Union announced major moves against the Russian government and businesses over the country's invasion.

In a first, the EU will finance the purchase and delivery of weapons and other equipment to a country that is under attack, officials said. The EU will also shut down its airspace for "Russian-owned, Russian registered or Russian-controlled aircraft."

"They won't be able to land in, take off or overfly the territory of the EU," Ursula Gertrud von der Leyen, the president of the European Commission, announced. In addition, the EU said it would ban the RT and Sputnik news agencies and would develop "tools to ban their toxic and harmful disinformation in Europe."

The EU also announced it would be stopping exports of products to Belarus, including mineral fuels, tobacco, wood and timber, cement, iron and steel. It will also sanction Belarusians who are supporting the Russian war effort. Von der Leyen also said the EU will "welcome with open arms those Ukrainians who have to flee from Putin's bombs" and is encouraging efforts to support refugees.

Canada also announced that it will prohibit "Russian-owned, chartered, or operated aircraft" from entering its airspace, effective immediately

Source-ABC


Barbados bracing for impact from Ukraine, Russia unrest

Prime MinisterMia Mottley says her administration will be taking measures to brace for the possible impact of the unrest in Ukraine and Russia.

According to Mottley, the unrest could have I’m plications for the cost of fuel and food, the supply of food and result in disruptions in the supply chain globally.

Speaking during Saturday’s COVID-19 update, However, she noted that Barbados’ reserves stood at over US$3 billion, representing about 37 weeks of import cover, giving the country the ability to have adequate buffer to deal with the capacity to manage any increased prices.

Mottley assured Barbadians that the situation was being monitored for some time, and meetings with the private sector had already taken place since last year.

In addition, she noted that efforts were being undertaken by the Ministry of Agriculture, Food and Nutritional Security to boost food production in the country to ensure Barbados was in a better position to feed its citizens.

The Prime Minister also said that during her recent trip to Guyana, discussions were held about the urgent importance of having the Barbados/Guyana Food Terminal established.

She further noted that a recent Council for Trade and Economic Development (COTED) meeting also examined plans that would allow Barbados to produce 25 per cent of food that was currently being imported by 2025.

“The urgency of the moment with the Ukraine crisis is undoubtedly there. But we have been preparing for some time for this unstable world, which has led to increases in food prices….”

The Prime Minister also disclosed that she would address the public in another two weeks on how Government intends to help contain cost of living issues, particularly as it relates to food. “It is not the worst news, but we are prepared to do what has to be done at the macro level and also with respect to cost of living for households as we go forward,” Mottlely stat

Source-CMC


2022 SAG Awards: CODA, Squid Game among night's big winners

The 28th Annual Screen Actors Guild Awards were presented Sunday night at the Barker Hangar in Santa Monica, California and broadcast live on TBS and TNT. Here are the winners:

Outstanding Performance by a Cast in a Motion Picture
CODA

Outstanding Performance by a Male Actor in a Leading Role
Will Smith, King Richard

Outstanding Performance by a Female Actor in a Leading Role
Jessica Chastain, The Eyes of Tammy Faye

Outstanding Performance by a Male Actor in a Supporting Role
Troy Kotsur, CODA

Outstanding Performance by a Female Actor in a Supporting Role
Ariana DeBose, West Side Story

Outstanding Action Performance by a Stunt Ensemble in a Motion Picture
No Time to Die

Television
Outstanding Performance by an Ensemble in a Drama Series
Succession

Outstanding Ensemble in a Comedy Series
Ted Lasso

Outstanding Performance by a Stunt Ensemble in a Comedy or Drama Series
Squid Game

Outstanding Performance by a Male Actor in a Television Movie or Miniseries
Michael Keaton, Dopesick

Outstanding Performance by a Female Actor in a Television Movie or Miniseries
Kate Winslet, Mare of Easttown

Outstanding Performance by a Male Actor in a Drama Series
Lee Jung-jae, Squid Game

Outstanding Performance by a Female Actor in a Drama Series
Jung Ho-yeon, Squid Game

Outstanding Performance by a Male Actor in a Comedy Series
Jason Sudeikis, Ted Lasso

Outstanding Performance by a Female Actor in a Comedy Series
Jean Smart, Hacks

Lifetime Achievement Award
Helen Mirren


Chelsea's Russian owner 'speaking with Ukraine'

Chelsea owner Roman Abramovich has been asked by Ukraine to help support their attempts to reach a "peaceful resolution" with Russia.

The Russian billionaire's spokesperson said Abramovich was contacted by Ukrainian officials and "has been trying to help ever since".

Ukraine has called for a ceasefire before peace talks in Belarus.

Russian President Vladimir Putin launched a military invasion of neighbouring Ukraine on Thursday.

Ukraine's health ministry said on Sunday that 352 civilians, including 14 children, had been killed since Russia's invasion began.

Abramovich announced on Saturday that "stewardship and care" of the club was being given to trustees of Chelsea's charitable foundation.

Abramovich - who remains Chelsea's owner with £1.5bn loaned to the club - did not reference Russia's invasion of Ukraine in his statement.

The 55-year-old is one of Russia's richest people and is believed to be close to Russian President Putin.

Ukrainian film director and producer Alexander Rodnyansky confirmed the Chelsea owner's involvement in attempts to reach a peaceful resolution, but added he is unsure of the impact it will have.

"I can confirm that the Ukrainian side have been trying to find someone in Russia willing to help them in finding a peaceful resolution," said Rodnyansky.

"They are connected to Roman Abramovich through the Jewish community and reached out to him for help. Abramovich has been trying to mobilize support for a peaceful resolution ever since.

"Although Abramovich's influence is limited, he is the only one who responded and taken it upon himself to try.

"If this will have an impact or not, I don't know, but I am in contact with [Ukraine President Volodymyr] Zelensky's staff myself, and know that they are grateful for his genuine efforts."

It is not known yet if Abramovich will be sanctioned as part of the UK government's measures against Russia, and the trustees of Chelsea's charitable foundation have not yet agreed to take control of the club.

Members of the charitable foundation met on Sunday to discuss the situation, but some have concerns over whether Charity Commission rules would allow them to run the club and the foundation's lawyers are exploring what can be done.

Football's world governing body Fifa has ruled that Russia must complete their upcoming games in neutral territory, under the title Football Union of Russia, and without their flag and anthem.

However, Scotland and the Republic of Ireland have joined several other nations, including England and Wales, as well as Poland, the Czech Republic and Sweden, in refusing to play against Russia.

On Monday, Scottish FA president Rod Petrie wrote to his Ukrainian counterpart "to send a message of support, friendship and unity", with those two nations due to meet in their World Cup play-off semi-final on 24 March.

Russia are scheduled to face Poland in the play-offs on the same day, followed by a final meeting with the Czech Republic or Sweden on 29 March should they win.

Source-BBC


COLD FRONT TRAVELS IN THIS WEEK TO THE TCI

PUBLIC FORECAST FOR TODAY AND TONIGHT MONDAY 28TH FEBRUARY 2022 ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY AT 6 AM

GENERAL SITUATION: A WEAK PRESSURE PATTERN ALONG WITH PREFRONTAL TROUGHING, WILL SUPPORT LIGHT WINDS AND SOME SHOWER ACTIVITY THROUGH TO TONIGHT.

FOR ALL AREAS
WEATHER: PARTLY TO MOSTLY SUNNY AND VERY WARM WITH ISOLATED SHOWERS AND THE CHANCE OF AN ISOLATED THUNDERSTORM ACROSS THE EXTREME NORTHWEST AND PORTIONS OF THE CENTRAL BAHAMAS. TURNING VARIABLY CLOUDY TONIGHT.
WINDS: VARIABLE AT 10 KNOTS OR LESS IN THE NORTHWEST AND CENTRAL BAHAMAS. EASTERLY AT 10 TO 15 KNOTS FALLING LIGHT AND VARIABLE AT TIMES IN THE SOUTHEAST BAHAMAS.
SEAS: 1 TO 3 FEET BUT SLIGHTLY HIGHER ALONG ATLANTIC EXPOSED SHORES IN THE NORTHWEST AND CENTRAL BAHAMAS. 2 TO 4 FEET IN THE TURKS & CAICOS.

TODAY’S HIGH TEMPERATURE 86°F 30°C
OVERNIGHT LOW TEMPERATURE 64°F 18°C

SUNRISE: 6:32 AM
SUNSET: 6:10 PM

MOONSET: 4:12 PM
MOONRISE: 6:01 AM TUE

LOW TIDE: 12:12 PM & 12:14 AM TUE
HIGH TIDE: 6:05 PM & 6:35 AM TUE

EXTENDED FORECAST: A COLD FRONT IS EXPECTED TO MOVE EAST OFF OF NORTHERN FLORIDA, WHERE A LOW PRESSURE SYSTEM IS ANTICIPATED TO FORM AND DRAG A FRONTAL BOUNDARY OVER THE NORTHWEST BAHAMAS. BY WEDNESDAY, HIGH PRESSURE WILL REBUILD ACROSS THE BAHAMAS AFTER FRONTAL PASSAGE.


Putin puts nuclear forces on high alert

Vladimir Putin has ordered Russia's military to put its deterrence forces, which include nuclear weapons, on "special alert".
He told defence chiefs it was because of "aggressive statements" by the West, amid widespread condemnation of his invasion of Ukraine.

The announcement does not mean Russia intends to use the weapons.
The US immediately condemned his decision calling it an "unacceptable escalation".

Last week, Mr Putin had warned that "whoever tries to hinder us" in Ukraine would see consequences "you have never seen in your history".
Those words were widely interpreted as signalling a threat to use nuclear weapons if the West stood in his way.
That warning became sharper on Sunday when he ordered the Russian defence minister and the chief of the military's general staff to put the nuclear deterrent forces on a "special regime of combat duty".
After Mr Putin's announcement, the EU announced an unprecedented new raft of sanctions and actions against Russia, including:

The financing of weapons for Ukraine

A total ban on Russian planes using EU airspace
Barring state media outlets Sputnik and Russia Today from EU territory.
These measures come on top of other sanctions already imposed by Western nations, which include asset freezes on major banks and wealthy individuals, including Mr Putin himself.

The US ambassador to the United Nations said Mr Putin's nuclear deterrent order showed he was escalating the Ukraine conflict in an unacceptable manner.

The White House said Russia had not been under threat from Nato at any point, while Nato Secretary General Jens Stoltenberg described Mr Putin's comments as "dangerous rhetoric".
The very public shift to high alert status is a way for Moscow to send a warning.
Moving to alert status likely makes it easier to launch weapons more quickly. But it does not mean there is a current intent to use them.

Russia has the largest stockpile of nuclear weapons in the world but also knows that Nato also has enough to destroy Russia if they were used.
But Vladimir Putin's aim is likely to try and deter Nato support for Ukraine by creating fears over how far he is willing to go - and creating ambiguity over what kind of support for Ukraine he would consider to be too much.

Meanwhile, the Ukrainian presidency says it has agreed to hold negotiations with Russia at a location on the border between Ukraine and Belarus.
President Volodymyr Zelensky said that in a conversation with Belarusian leader Alexander Lukashenko, the Ukrainian side had agreed to meet the Russians without preconditions on the Ukrainian-Belarusian border, near the Pripyat River.

Mr Zelensky said Mr Lukashenko had taken responsibility for ensuring that all planes, helicopters and missiles stationed on Belarusian territory remained on the ground during the Ukrainian delegation's travel, talks and return.
Neither Russia nor Belarus have issued any statements about potential talks.

Russia's defence ministry has now acknowledged that its military personnel have been killed and wounded in Ukraine, though it claims the losses are much less than those of Ukraine.
The UN said that by Saturday, at least 134 Ukrainian military had been killed. Ukraine, meanwhile, says there have been 4,300 casualties among Russian servicemen, but even Ukrainian officials say those figures are not clear.

Ukraine's human rights commissioner says 210 civilians have been killed.

Among the dead are children - one when a children's hospital was shelled in Kyiv and one in a Russian attack on a kindergarten that claimed six lives near the northern border at Okhtyrka.

Nine civilians have been killed in Kyiv, while 10 ethnic Greek Ukrainians died in air strikes on villages in the south-east, Greek officials say.
So far, the UN has recorded 64 confirmed civilian deaths and many more wounded, and it expects the true number to be much higher.

In other developments, as the Russian invasion entered its fourth day:
Thousands of Ukrainians travelled towards neighbouring countries to escape the war, with UN estimating refugee numbers have reached 368,000 and rising
Russian airliners turned round in mid-air as dozens of European nations banned flights from the country amid rising pressure on Moscow

Russian police have detained more than 900 people protesting against the invasion of Ukraine in widespread protests on Sunday, according to an independent monitoring group
The governor of Kharkiv says Ukrainian forces have reasserted full control over Ukraine's second city, as residents describe a barrage of shelling

Source-BBC


NAACP Image Awards: Issa Rae, Will Smith, Angela Bassett win big; Jennifer Hudson takes Entertainer of the Year

At the 53rd NAACP Image Awards, airing Saturday on BET, singer and actress Jennifer Hudson took home the biggest award of the night: Entertainer of the Year.

The 40-year-old American Idol alumna accepted the award in person and thanked the NAACP for recognizing her work. The Respect star also nabbed the award for Outstanding Actress in a Motion Picture.

“I did not see this coming by any means, but Lord knows I’m grateful,” she said in her acceptance speech.

Joining her in the winner’s circle for top awards of the night was actor, producer and writer Issa Rae, who won Outstanding Actress in a Comedy Series for Insecure. The show, which was created by Rae, took home the award for Outstanding Comedy Series.

Will Smith accepted the Outstanding Actor Award for his role as Richard Williams in the biographical drama, King Richard. The film, which is based on the life story of Serena and Venus Williams’ father, is also a six-time Oscar nominee.

Host Anthony Anderson, who nabbed his eighth win for the show Black-ish, introduced Mary J. Blige who serenaded the virtual audience in a mid-show performance.

Derrick Johnson, President and CEO of the NAACP, presented the most prestigious accolade of the night, The President’s Award, to the Duke and Duchess of Sussex. Prince Harry and Meghan Markle said they were “humbled to be here” after accepting the award on stage.

Other honorary awards, such as the Chairman’s Award, went to actor Samuel L. Jackson. The New York Times’ award-winning investigative reporter, Nikole Hannah-Jones, proudly accepted the Social Justice Impact Award.

The night rounded out with the coveted Outstanding Motion Picture Award, won by the Black Western film, The Harder They Fall.

Below is a list of the night’s winners. For a full list of winners, visit NAACPImageAwards.net.

Outstanding Actor in Drama Series
Sterling K Brown, This Is Us

Outstanding Actress in Drama Series
Angela Bassett, 9-1-1

Chairman’s Award
Samuel L. Jackson

Outstanding Actress in a Comedy Series
Issa Rae, Insecure

Outstanding Actor in a Comedy Series
Anthony Anderson, Black-ish

Social Justice Impact Award
Nikole Hannah-Jones

Outstanding Comedy Series
Insecure

President’s Award
Prince Harry & Meghan Markle

Outstanding Actress in a Motion Picture
Jennifer Hudson, Respect

Outstanding Actor in a Motion Picture
Will Smith, King Richard

Outstanding Motion Picture
The Harder They Fall

Entertainer of the Year
Jennifer Hudson