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How the War in Ukraine is Impacting...

Wednesday, May 4, 2022

🎾 Sports: Tennis greats Rafael Nadal, Novak Djokovic and Andy Murray have all spoken out in recent days against Wimbledon's decision to exclude Russian and Belarusian players from this year's tournament; the move prevents the men’s world #2 and #8 players from competing, along with the women’s world #4, #15, and #18.

🌍 International relations: Russia doubled down yesterday on its comments implying that Adolf Hitler had Jewish ancestry, a claim asserted by Hitler’s lawyer but denounced by many historians; Moscow also accused the Israeli government – which had demanded an apology – of supporting a “neo-Nazi regime in Kyiv.”

🛢️ Oil and gas: BP reported a $25.5 billion charge related to its decision to exit its Russia holdings, including its nearly 20% stake in government-controlled oil producer Rosneft. It’s by far the biggest financial hit of any company leaving Russia after its invasion of Ukraine.

  • Slovakia and Hungary said yesterday they wouldn’t support EU sanctions that included a full embargo on Russian oil, asserting that it’s impossible for them to switch away from such imports by the end of the year due to technology constraints. 
  • It’s unclear whether they would receive exemptions from a potential bloc-wide ban.
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