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EU trade with Russia drops to below 2% of share – Eurostat

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EU trade with Russia drops to below 2% of share  – Eurostat

The EU’s trade with Russia has dropped to its lowest levels since the start of the war in Ukraine, with Russia’s share in EU imports and exports now below the 2% mark, according to the EU’s statistical office Eurostat.

The latest data shows that while 9.6% of EU imports came from Russia in February 2022, when the invasion of Ukraine began, the figure had dropped to 1.7% in June of this year. The share of EU exports to Russia fell from 3.8 % to 1.4% in the same period.

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The statistics suggest that the EU’s trade sanctions are having their desired impact and are severely restricting the movement of goods. 

The value of EU sanctions since the beginning of the war amounted to €43.9 billion in exported goods and €91.2 in imported goods, according to the European Commission.

Trade deficit down

At the start of the invasion, the EU’s trade deficit with Russia was temporarily augmented as energy prices peaked, with the value of EU imports to Russia exceeding exports by €18.5 billion in March 2022. This figure stood at only €0.4 billion in June 2023, slightly up from its low of €0.1 in March this year.

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The pronounced decline in imports has been driven by EU efforts to wean itself off Russian energy products, with the trade deficit for energy products dropping from €40.4 billion in the second quarter of 2022 to just €5.7 billion in the second quarter of 2023.

Shares of fossil fuels such as coal, natural gas, and petroleum oil imported into the EU from Russia have substantially decreased. 

A European Commission spokesperson said Thursday that the EU had slashed its share of natural gas imports from Russia from 24% in 2022 to just 15% in the first half of 2023.

Despite this, a Global Witness report revealed Wednesday that the amount of liquified natural gas imported into the EU from Russia between January and July this year was up by 39.5% compared to the same period in 2021, suggesting the EU continues to rely on Russia for the liquid alternative to pipeline gas.

Solidarity Lanes

Meanwhile, the EU has facilitated the export of Ukrainian products –  including valuable grain essential for food production worldwide – out of the war-torn country through so-called Solidarity lanes as its Black Sea ports are blocked by Russia.

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The initiative was boosted by a special trade regime that exempted a wide range of Ukrainian exports from tariffs and duties.

Between May 2022 and the end of July this year, the EU’s Solidarity Lanes have allowed 88 million tonnes of goods worth €35 billion to move from Ukraine, including nearly 49 million tonnes in agricultural products such as grain.

But the EU’s move has caused a glut in grain supplies in so-called frontline EU countries bordering Ukraine – Poland, Hungary, Slovakia, Romania – driving down prices and undermining the profitability of local farmers. A temporary banon the temporary sale of Ukrainian cereals in these countries is set to expire on September 15.

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China's CATL launches EV chassis, flagging safety as top selling point

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China's CATL launches EV chassis, flagging safety as top selling point
China’s CATL , the world’s largest electric vehicle battery maker, on Tuesday launched a new EV chassis that it says can withstand a 120-kph (75-mph) frontal impact without catching fire or exploding, as it touts safety as a key selling point.
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SEE IT: China stuns with maiden flight of sixth-generation aircraft

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SEE IT: China stuns with maiden flight of sixth-generation aircraft

China appears to have conducted the maiden flight of its new sixth-generation fighter aircraft, marking a significant milestone in the ever-evolving landscape of fighter jets.

Video and photos from social media showed the previously unseen aircraft conducting a daytime test flight, alongside a two-seat Chengdu J-20S fighter, which served as a chase plane.

The planes were soaring high in Chengdu, Sichuan, China on Dec. 26, which is notably the birthday of the founding father of the People’s Republic of China, Mao Zedong.

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Chinese military aircraft fly in Chengdu, Sichuan, China, in this screengrab taken from a social media video released on December 26, 2024.  (Social Media/via REUTERS)

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Photos and video of the tailless Chinese aircraft came as the U.S. continues to work on developing its Next Generation Air Dominance (NGAD) fighter jet.

The NGAD fighter jet is intended to replace the F-22 Raptor, a fifth-generation stealth combat aircraft that has been in service with the U.S. Air Force since the early 2000s.

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Fifth generation aircraft incorporated stealth technology, with the sixth generation aircraft promising further advancements.

Chinese military aircraft fly in Chengdu, Sichuan, China

Chinese military aircraft fly in Chengdu, Sichuan, China, in this screengrab taken from a social media video released on December 26, 2024.  (Social Media/via REUTERS)

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This new aircraft is the latest in a series of milestones for China’s aviation. At the Zhuhai Airshow, China unveiled the J-35A fifth-generation fighter jet and the J-15T fighter. 

Fox News Digital has reached out to China’s Ministry of Defense for comment.

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One in six children live in conflict zones this year: UNICEF

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One in six children live in conflict zones this year: UNICEF

About 473 million, or more than one in six children, are estimated to live in conflict areas worldwide, according to the United Nations children’s agency.

UNICEF’s statement came on Saturday as conflicts continue to rage around the world, including in Gaza, Sudan and Ukraine, among other places.

In Israel’s devastating war on Gaza in particular, at least 17,492 children have reportedly been killed in nearly 15 months of conflict that has reduced much of the enclave to rubble.

“By almost every measure, 2024 has been one of the worst years on record for children in conflict in UNICEF’s history – both in terms of the number of children affected and the level of impact on their lives,” said UNICEF Executive Director Catherine Russell.

According to Russell, a child growing up in a conflict zone is far more likely to be out of school, malnourished, or forced from their home compared with a child living in places with no conflict.

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“This must not be the new normal. We cannot allow a generation of children to become collateral damage to the world’s unchecked wars,” the director said.

 

The proportion of children living in areas of conflict has doubled – from about 10 percent in the 1990s to almost 19 percent today, UNICEF said.

According to the report, 47.2 million children were displaced due to conflict and violence by the end of 2023.

The trends for 2024 indicate a further increase in displacement because various conflicts have intensified, including in Haiti, Lebanon, Myanmar, the Palestinian territories and Sudan.

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Additionally, in the latest available data, from 2023, the UN verified a record 32,990 grave violations against 22,557 children – the highest number since UN Security Council-mandated monitoring began, UNICEF said.

There is an overall upward trend in the number of grave violations, with this year likely to see another increase, as “thousands of children have been killed and injured in Gaza, and in Ukraine”, the agency said.

Sexual violence against children has surged, their education has been affected, children’s malnutrition rates have risen and armed conflicts have taken a larger toll on children’s mental health, UNICEF also reported.

“The world is failing these children. As we look towards 2025, we must do more to turn the tide and save and improve the lives of children,” Russell said.

Gaza’s children ‘cold, sick, traumatised’

In Gaza – where the Israeli military has killed more women and children in the past year than in any recent conflict over a single year, Oxfam reported in September – the ongoing war is a “nightmare” for children, UNICEF Communication Specialist Rosalia Bollen said last week at a media briefing.

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“Children in Gaza are cold, sick and traumatised,” Bollen said last Friday.

About 96 percent of women and children in Gaza cannot meet their basic nutritional needs, she said, lamenting the lack of aid able to reach children in the Strip.

“Gaza must be one of the most heartbreaking places on Earth for humanitarians. Every small effort to save a child’s life is undone by fierce devastation,” said Bollen.

“For over 14 months, children have been at the sharp edge of this nightmare.”

Bollen said that many children in the besieged enclave don’t have winter clothes, have to resort to searching through rubbish for provisions and are plagued with diseases.

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She urged the use of political capital and diplomatic leverage to push for the evacuation of injured children and their parents to leave Gaza and seek medical care in East Jerusalem or elsewhere.

“This war should haunt every one of us. Gaza’s children cannot wait,” she pressed.

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