News Trending War

Russia-Ukraine war: Putin tells Russia his war objectives are unchanged

By 283 0

Russian President Vladimir Putin, during his first major news conference since launching a full-scale invasion of Ukraine in February 2022, stated that peace with Ukraine would only happen when Russia achieves its objectives.

He combined the event with his annual “direct line” phone-in and discussed the “special military operation in Ukraine,” emphasizing Russian sovereignty and a strong economy despite the war. Putin listed the objectives as “denazification, demilitarization, and its neutral status” for Ukraine. He revealed that Russia has 617,000 troops in Ukraine, with additional voluntary recruits, and mentioned losses without providing specific numbers.

Putin addressed Ukraine’s recent military success near the Dnipro River, attributing it to a last-ditch attempt to reach Crimea. He suggested Russian forces withdrew to wooded areas to protect soldiers and claimed Ukraine’s motives were politically driven to seek more military funding from the West. NATO Secretary General Jens Stoltenberg warned that if Putin succeeds in Ukraine, further aggression might follow.

Putin asserted that Russian forces have the upper hand on the front line in Ukraine, despite economic sanctions and political isolation. He expressed confidence in Russia’s ability to “move forward” despite these challenges.

Picture Courtesy: Google/images are subject to copyright

News Trending

Domino’s Pizza indicates shutdown of operations in Russia

By 643 0

The owner of the Domino’s Pizza franchise in Russia has announced plans to close its branches and file for bankruptcy, signaling an end to its operations due to the challenging business environment in the country.

DP Eurasia, which operates 171 Domino’s Pizza outlets in Russia, has decided not to proceed with the sale of its pizza chain’s shops in the face of increasing difficulties. This move comes in the wake of Western companies disengaging from Russia following the Ukraine invasion and economic sanctions.

While some businesses have chosen to exit, others, including Domino’s, have faced criticism for remaining. DP Eurasia owns 68 of the Domino’s Pizza shops in Russia and franchises 103 to local operators. The company’s presence in Russia will be terminated as a result of this decision.

DP Eurasia, which also holds master franchise rights for Domino’s in Turkey, Russia, Azerbaijan, and Georgia, had been evaluating its options after sanctions were imposed. The Russian economy has been impacted by sanctions since the conflict in Ukraine in February 2022, leading to several well-known companies shuttering their operations.

Pressure was applied to other major brands like McDonald’s and Coca-Cola to follow suit. Some companies, such as Unilever, have defended their continued operations in Russia, citing complexities and potential takeovers by the Russian state.

Despite this, Domino’s Pizza Inc., the American multinational and master franchisor, clarified that it had ceased supporting the Russian market through its subsidiaries since early 2022.

Picture Courtesy: Google/images are subject to copyright