JPMorgan’s Dimon says the war in Ukraine is one of his top concerns
JPMorgan CEO Jamie Dimon named the war in Ukraine as one of two things happening in the world today that give him “heightened concern.”
“The humanitarian crisis in Ukraine is extraordinary,” Dimon told CNBC in an interview.
“The impact on oil and gas and food and migration, it could expand, there’s nuclear proliferation, there’s nuclear blackmail … this is serious stuff which we have not really faced since World War Two,” he said.
“Hopefully that all will sort out and the world will be safe again, but I hope people learn, the world is not that safe. It will never be that safe, and we have to be very very careful.”
Dimon’s other top concern in current events, he said, is the U.S.’s fiscal spending and quantitative tightening, which he warned “might bite at some point.”
— Natasha Turak
Russian defense minister Shoigu visits troops in Ukraine
Russian Defense Minister Sergei Shoigu and chief of the general staff Valery Gerasimov in Moscow on Feb. 27, 2022.
Alexey Nikolsky | AFP | Getty Images
Russian Defense Minister Sergei Shoigu visited Russian forces in Ukraine, inspecting the military’s forward command center in an unspecified part of territory that Russia is currently occupying, which the defense ministry simply referred to as the “special operation zone.”
Shoigu was briefed by the battlegroup’s commanding officers about “the general situation, the adversary’s maneuvers and the fulfillment of combat tasks in tactical directions,” Russian state news agency Tass reported.
“The Russian defense minister particularly emphasized the need of conducting effective preemptive strikes on adversary troops while pushing them out of their positions. Such measures will allow to save as many lives of Russian servicemen as possible,” Tass cited Russia’s defense ministry as saying.
— Natasha Turak
Ukraine says it destroyed 15 enemy drones
Kyiv shot down 15 Iranian-made Shahed drones deployed by Russia over the past day and carried out 11 airstrikes against sites holding Russian troops, weapons and anti-aircraft missile systems, the General Staff of the Armed Forces of Ukraine said on Facebook.
The Ukrainian troops said that 40 clashes with Russian forces took place on Thursday, reporting shelling and airstrikes against swathes of Ukrainian territory.
CNBC could not independently confirm those developments.
— Ruxandra Iordache
Russia says it repelled an Ukrainian attack at key port Novorossiysk
Russia’s Defense Ministry said Ukrainian forces attempted an overnight attack against its naval base at the Russia’s key oil export hub Novorossiysk.
In Google-translated comments on Telegram, the ministry said the offensive was carried out by unmanned sea boats, which were detected and destroyed. Novorossiysk Mayor Andrey Kravchenko said on Telegram that the vessels “Olenegorsky Miner” and “Suvorovets” thwarted the Ukrainian offensive, according to a Google translation.
Novorossiysk is a main export outlet for Russian and Kazakh seaborne crude.
CNBC could not independently verify developments on the ground.
Attacks against Black Sea ports have picked up since Russia withdrew from the Ukraine grain deal in July, with Moscow also attacking several key Ukraine sites that included the Odesa port in recent days.
— Ruxandra Iordache
U.S.’ Blinken urges Russia to stop using Black Sea as ‘blackmail’
Remnants of Russian missiles lie in the foreground of wreckage as Ukrainians salvage barley and peas three days after five Russian missiles struck a grain storage facility in the village of Pavlivka, Odesa region, Ukraine, on July 24, 2023.
Scott Peterson | Getty Images
U.S. Secretary of State Antony Blinken has urged Russia to give up its “blackmail” over the Black Sea Grain Initiative — a deal that Moscow allowed to lapse in July and that created a humanitarian corridor for the export of Ukrainian agricultural goods into the global markets.
Since then, clashes have intensified near Black Sea ports, particularly at key Ukrainian hub Odesa.
“Every member of this council, every member of the United Nations, should tell Moscow: Enough; enough using the Black Sea as blackmail; enough treating the world’s most vulnerable people as leverage; enough of this unjustified, unconscionable war,” Blinken said on Thursday at a U.N. Security Council debate on famine and conflict.
“Strengthening food security is essential to realizing the vision of the United Nations Charter. To save generations from the scourge of war and reaffirm the dignity and worth of every single human being.”
— Ruxandra Iordache
Blinken to preside over UN Security Council meeting on famine and food insecurity
Secretary of State Antony Blinken speaks during the United Nations Security Council meeting at the United Nations Headquarters to discuss the conflict in Ukraine on September 22, 2022 in New York City.
Michael M. Santiago | Getty Images News | Getty Images
U.S. Secretary of State Antony Blinken will chair a U.N. Security Council meeting at 10 a.m. ET on famine and global food insecurity exacerbated by war and conflicts.
Earlier in the week, the United States took the helm of the United Nations Security Council for the month of August, a scheduled presidency that comes as the international body looks to mitigate the collapse of the Black Sea Grain Initiative.
U.S. Ambassador to the U.N. Linda Thomas-Greenfield told reporters on Tuesday that the Biden administration will prioritize the world’s mounting food crisis triggered in part, by the collapse of the Black Sea Grain Initiative and Russia’s ongoing war in Ukraine.
— Amanda Macias
Ukraine investigating Russian attacks on grain infrastructure as potential war crimes, prosecutor says
Ukraine’s prosecutor general is investigating Russian attacks on its agriculture infrastructure since July as potential war crimes, the office told Reuters on Thursday.
— Reuters