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Added on the 16/05/2022 20:29:46 - Copyright : Euronews EN
The impact of the war in Ukraine is spreading worldwide, causing the IMF to sharply downgrade its 2022 global growth forecast to 3.6 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
NATO forces cross the Vistula River at Korzeniewo in Poland as part of the US-led defence alliance's Exercise Dragon 24, involving around 4,500 soldiers and almost 1,000 vehicles. Dragon 24 is itself part of Exercise Steadfast Defender 24, NATO's largest military exercise since the Cold War, which is designed to test its defences in the face of Russia's war on Ukraine. IMAGES
Russian Foreign Minister Sergei Lavrov says "the United Nations-centered system is enduring a profound crisis" as he presides over a Security Council meeting in New York amid Moscow's invasion of Ukraine. IMAGES
During the concluding G20 Finance ministers' press conference in Bangaluru, the secretary in charge of the Indian Department of Economic affairs, Ajay Seth, says that "all 18 countries felt that the war has got implications on the global economy" and needed to be mentioned. Only China and Russia did not want to sign up to the wording on Ukraine. G20 host India has also refused to condemn Russia, which is New Delhi's biggest arms supplier and has become a major source of oil for India since the invasion. SOUNDBITE
A live feed from Russian space agency Roscosmos shows an Iranian satellite launched by Russia blasting off from Kazakhstan amid controversy that Moscow might use it to improve its surveillance of military targets in Ukraine. The Russian mission control confirmed its subsequent entry into orbit. IMAGES
In Luxembourg, German Finance Minister Christian Lindner says it is not yet possible for the EU to cut Russian gas imports as a sanction against Moscow's invasion of Ukraine. SOUNDBITE