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THE ESSENTIAL

  • As Europeans worry about a reduction in oil imports due to the embargo on Russian production, ministers from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) meet in Vienna, Austria in 1 p.m. Wednesday. 

  • Société Générale suffered the first consequences of the sale of its Russian subsidiary with a net loss of 1.5 billion euros in the second half.

  • The Russian Supreme Court has classified the Ukrainian Azov regiment as a “terrorist organization”, which could lead to very heavy prosecutions for its fighters taken prisoner by Russia.

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War in Ukraine: kyiv took over 53 localities in the South

7:45 am: Hard blow for Société Générale

The bank announced a net loss of nearly 1.5 billion euros in the second quarter, directly linked to the sale of Rosbank.

Société Générale announced last May that the sale of its Russian subsidiary to the Russian investment fund Interros would result in a net loss then estimated at 3.2 billion euros.

However, Société Générale's net banking income (NBI), equivalent to turnover, amounted to 7 billion euros from April to June, up 12.8% over one year, driven by all trades.

7:40 a.m .: The Azov regiment described as “terrorist”

The Russian Supreme Court has classified the Ukrainian Azov regiment, famous for defending Mariupol in Ukraine, as a “terrorist organization”.

Under Russian law, the leaders of a terrorist organization risk 15 to 20 years in prison, their simple members between five and ten years.

These penalties could therefore be applied to combatants taken prisoner by Russia.

7:35 a.m.: The first cereals are out

The very first shipment of grain exported by Ukraine since the start of the Russian invasion on February 24 arrived off the coast of Turkey on the Black Sea on Tuesday.

A first step that implements the agreement signed in July between kyiv and Moscow to stem the global food crisis.

7:30 am: The French Parliament says yes to Sweden and Finland

Late Tuesday evening, the French Parliament ratified the accession of Sweden and Finland to NATO.

The deputies adopted the text by 209 votes against 46 with the support of LR (right), the Socialist Party (PS) and environmentalists.

The deputies of the National Rally abstained and France Insoumise voted against.

Hello and welcome to all in this live entirely dedicated to the conflict in Ukraine

Wars don't take holidays, so stick with us this Wednesday, August 3 to follow all the events related to the ongoing conflict in Eastern Europe.

Here, we will talk about the war in Ukraine, Russia and the direct consequences on the rest of the world.

  • World

  • Russia

  • War in Ukraine

  • Societe Generale

  • Oil

  • Bank