World
Video: Libya Flood Victims: ‘I Survived by a Miracle’
Days after the catastrophic flood in northeastern Libya killed thousands of people, the city of Derna remains largely cut off from the outside world. The New York Times reached residents by phone who described dire conditions and sent videos capturing the toll of the destruction.
World
Russian court seizes two European banks’ assets amid Western sanctions
Freezing hundreds of billions of dollars in lenders’ assets was part of dispute over gas project halted by sanctions.
A Russian court has ordered the seizure of the assets, accounts, property and shares of Deutsche Bank and Commerzbank in the country as part of a lawsuit involving the German banks, court documents showed.
The banks are among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with the German company Linde. The project was terminated due to Western sanctions.
European banks have largely exited Russia after Moscow launched its offensive on Ukraine in 2022.
A court in St Petersburg ruled in favour of seizing 239 million euros ($260m) from Deutsche Bank, documents dated May 16 showed.
Deutsche Bank in Frankfurt said it had already provisioned about 260 million euros ($283m) for the case.
“We will need to see how this claim is implemented by the Russian courts and assess the immediate operational impact in Russia,” the bank added in a statement.
The court also seized the assets of Commerzbank, another German financial institution, worth 93.7 million euros ($101.85m) as well as securities and the bank’s building in central Moscow.
The bank is yet to comment on the case.
In a parallel lawsuit on Friday, the Russian court also ordered UniCredit’s assets, accounts and property, as well as shares in two subsidiaries, to be seized. The ruling covered 462.7 million euros ($503m) in assets.
UniCredit said it “has been made aware” of the decision and was “reviewing” the situation in detail. The bank was one of the most exposed European banks when Moscow launched its invasion of Ukraine, with a large local subsidiary operating in Russia.
It began preliminary discussions on a sale last year, but the talks have not advanced. Chief executive Andrea Orcel said UniCredit wants to leave Russia, but added that gifting an operation worth three billion euros ($3.3bn) was not a good way to respect the spirit of Western sanctions on Moscow over the conflict.
Russia has faced heavy Western sanctions, including on its banking sector, since the start of the war in Ukraine. Dozens of US and European companies have also stopped doing business in the country.
World
Ukraine's divisive mobilization law comes into force as a new Russian push strains front-line troops
KYIV, Ukraine (AP) — A divisive mobilization law in Ukraine came into force on Saturday, as Kyiv struggles to boost troop numbers after Russia launched a new offensive that some fear could close in on Ukraine’s second-largest city.
The legislation, which was watered down from its original draft, will make it easier to identify every conscript in the country. It also provides incentives to soldiers, such as cash bonuses or money toward buying a house or car, that some analysts say Ukraine cannot afford.
Lawmakers dragged their feet for months and only passed the law in mid-April, a week after Ukraine lowered the age for men who can be drafted from 27 to 25. The measures reflect the growing strain that more than two years of war with Russia has had on Ukraine’s forces, who are trying to hold the front lines in fighting that has sapped the country’s ranks and stores of weapons and ammunition.
Ukrainian President Volodymyr Zelenskyy also signed two other laws Friday, allowing prisoners to join the army and increasing fines for draft dodgers fivefold. Russia enlisted its prisoners early on in the war, and personnel shortages compelled Ukraine to adopt the new measures.
Russian troops, meanwhile, are pushing ahead with a ground offensive that opened a new front in northeastern Ukraine’s Kharkiv region and put further pressure on Kyiv’s overstretched military. After weeks of probing, Moscow launched the new push knowing that Ukraine suffered personnel shortages, and that its forces have been spread thin in the northeast.
Russian President Vladimir Putin said on Friday during a visit to China that the Russian push aims to create “a buffer zone” rather than capturing Kharkiv, the local capital and Ukraine’s second-largest city.
Still, Moscow’s forces have pummeled Kharkiv with strikes in recent weeks, hitting civilian and energy infrastructure and prompting angry accusations from Zelenskyy that the Russian leadership sought to reduce the city to rubble. On Friday, Mayor Ihor Terekhov said that Russian guided bombs killed at least three residents and injured 28 others that day.
Moscow denies deliberately targeting civilians, but thousands have died or suffered injuries in the more than 27 months of fighting.
The U.S. last week announced a new $400 million package of military aid for Ukraine, and President Joe Biden has promised that he would rush badly needed weaponry to the country to help it stave off Russian advances. Still, only small batches of U.S. military aid have started to trickle into the front line, according to Ukrainian military commanders, who said it will take at least two months before supplies meet Kyiv’s needs to hold the line.
Thousands of Ukrainians have fled the country to avoid the draft since Russia’s all-out invasion in February 2022, some risking their lives as they tried to swim across a river separating Ukraine from neighboring Romania and Hungary.
Late on Friday, Ukraine’s border service said that at least 30 people have died trying to cross the Tisza River since the full scale-invasion.
Romanian border guards days earlier retrieved the near-naked, disfigured body of a man that appeared to have been floating in the Tisza for days, and is the 30th known casualty, the Ukrainian agency said in an online statement. It said the man has not yet been identified.
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Follow AP’s coverage at https://apnews.com/hub/russia-ukraine
World
An unusual autumn freeze grips parts of South America, giving Chile its coldest May in 74 years
Chileans are bundling up for their coldest autumn in more than 70 years mere days after sunning in T-shirts — a dramatic change of wardrobe brought on this week by a sudden cold front gripping portions of South America unaccustomed to bitter wind chills this time of year.
CHILE SHUTS DOWN A POPULAR GLACIER, SPARKING DEBATE OVER CLIMATE CHANGE AND ADVENTURE SPORTS
Temperatures broke records along the coast of Chile and in Santiago, the capital, dipping near freezing and making this month the coldest May that the country has seen since 1950, the Chilean meteorological agency reported.
An unusual succession of polar air masses has moved over southern swaths of the continent, meteorological experts say, pushing the mercury below zero Celsius (32 Fahrenheit) in some places. It’s the latest example of extreme weather in the region — a heat wave now baking Mexico, for instance — which scientists link to climate change.
“The past few days have been one of the longest (cold fronts) ever recorded and one of the earliest ever recorded” before the onset of winter in the Southern Hemisphere, said Raul Cordero, a climatologist at Santiago University. “Typically the incursions of cold air from the Antarctic that drive temperatures below zero occur from June onwards, not so much in May.”
The cold front sweeping in from Antartica has collided with warm air pushing in from the northwestern Amazon, helping fuel heavy rainstorms battering Brazil, according to that country’s National Meteorological system.
Chile’s government issued frosty weather alerts for most of the country and ramped up assistance for homeless people struggling to endure the frigid temperatures on the streets. Snow cloaked the peaks of the Andes and fell in parts of Santiago, leading to power outages in many areas this week.
“Winter came early,” said Mercedes Aguayo, a street vendor hawking gloves and hats in Santiago.
She said she was glad for a boost in business after Chile’s record winter heat wave last year, which experts pinned on climate change as well as the cyclical El Niño weather pattern.
“We had stored these goods (hats and gloves) for four years because winters were always more sporadic, one day hot, one day cold,” Aguayo said.
This week’s cold snap also took parts of Argentina and Paraguay by surprise.
Energy demand soared across many parts of Argentina. Distributors cut supplies to dozens of gas stations and industries in several provinces to avoid outages in households, , the country’s main hydrocarbon company, CECHA, said Thursday.
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