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Putin Bars Citizens From Taking Above $10,000 Out Of Russia

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NATO Is A Threat To Russia - Putin

As the Russian economy begins to feel the impact of the war in Ukraine, President Vladimir Putin has banned Russians from having more than $10,000 when leaving the country.

Putin said the rule limiting cash movement was a reaction to “unfriendly” steps taken by the U.S. and other Western countries. Russia faces harsh sanctions for its invasion of Ukraine.

The rule affects the movement of foreign currency too. It seems designed to make sure that people attempting to leave Russia do not take all their hard currency along with them as the sanctions bite harder.

Long queues are now common at cash machines that still have banknotes as people withdraw their holdings.

Prices of imported goods are shooting up, and people are trying to purchase items like new phones before they become unaffordable.

READ ALSO: Why US May Attack Russia – Biden

Last February, U.S. President Joe Biden announced the first tranche of sanctions on Russia, following Putin’s invasion of Ukraine. Biden, in a speech from the White House, said the Russian leader had committed “a flagrant violation of international law.”

“I’m announcing the first tranche of sanctions to impose costs on Russia in response to their actions… These have been closely coordinated with our allies and partners, and we’ll continue to escalate sanctions if Russia escalates,” explained the U.S. president. “We’re implementing full blocking sanctions on two large Russian financial institutions: V.E.B. and their military bank.”

He added, “We’re implementing comprehensive sanctions on Russian sovereign debt. That means we’ve cut off Russia’s government from Western financing. It can no longer raise money from the West and cannot trade in its new debt on our markets or European markets either.”

(dpa/NAN)

 

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Health

HIV/AIDS: 6.3 Million Lives On The Line If – UN

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By John Michael Ojo

The United Nations (UN), has warned that more than six million people could die if the United State ends it’s foreign aid programs.

This was made known by UNAIDS Deputy Executive Director Christine Stegling said during a UN briefing in Geneva on Friday.

According to her, “There is still a lot of confusion… about how the waiver will be implemented, and we’re seeing a lot of disruption of the delivery of treatment services.”

Regarding the freeze’s impact, Stegling said 20 million of the world’s 30 million HIV-positive people rely on US aid for treatment.

READ ALSO: Researchers Near Cure For HIV

Noting that the HIV global response is heavily dependent on funds from the US President’s Emergency Plan for AIDS Relief (PEPFAR) as it finances 70% of the overall AIDS response.

“We estimate that if PEPFAR wasn’t reauthorized between 2025 and 2029 and other resources were not found for the HIV response, there would be a 400% increase in AIDS deaths.

“That’s 6.3 million people, 6.3 million AIDS-related deaths that will occur in the future,” she warned.

With the funding freeze, the biggest interruption will be on community health systems, she said, giving the example of Ethiopia, where UNAIDS had 5,000 public health worker contracts that are funded by US assistance.

“All of these in all regions of Ethiopia have been terminated,” she added.

 

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Bill Gates Recounts Worst Mistake

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Bill Gates Drops On Billionaire Ranking After Stock Transfer To Ex-wife

By John Michael

Erstwhile word’s richest person and founder of Microsoft, Bill Gates, has revealed that his divorce of his wife, Melinda, remains his most regrettable action.

Gates who revealed this in a recent interview with The Times published on Saturday, added that the separation left him and Melinda miserable.

While answering questions bordering on his marriage, the 69-year-old entrepreneur said: “I’m more cheerful now, the mistake I most regret.”

“There are others, but none that matter.

READ ALSO: Melinda Gates Now A Billionaire After Stock Transfer From Bill Gates

“The divorce thing was miserable for me and Melinda for at least two years.

“Melinda and I still spend time together as a family. We have three children and two grandchildren, so there are always family events.

“The kids are doing well and have strong values.”

The former couple, who share Jennifer (28), Rory (25), and Phoebe (22), in a joint statement in 2021, announced an end to their 27 years marriage as a result of irreconcilable differences.

READ ALSO: Bloomberg Removes Bill Gates From Billionaire List After Divorce

The duo has also moved on with Gates now dating Paula Hurd, the widow of former Oracle CEO Mark Hurd.

 

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World

BREAKING: Former US President, Jimmy Carter Is Dead

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By John Michael Ojo

The longest-lived president in United States of America, Jimmy Carter, is dead.
This was made known in a statement by the Carter Center and signed by his son Chip Carter on Sunday.

It reads, “My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love,” said Chip Carter, the former president’s son.

“My brothers, sister, and I shared him with the rest of the world through these common beliefs. The world is our family because of the way he brought people together, and we thank you for honoring his memory by continuing to live these shared beliefs.”

READ ALSO: How I Escaped Israel’s Air Strikes – WHO DG

President Carter is survived by his children — Jack, Chip, Jeff, and Amy; 11 grandchildren; and 14 grea-grandchildren. He was preceded in death by his beloved wife, Rosalynn, and one grandchild.

Jimmy Carter who was the 39th president of the United States and a recipient of the 2002 Nobel Peace Prize, died peacefully at his home in Plains, Georgia, in the company of his family. He was 100,

 

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