Spain's Sanchez Urges China to Take Greater Global Leadership Role During Beijing Visit 
Taiwan Insists Government Must Lead Cross-Strait Engagement Amid China's New Incentives 
U.S.-Iran Nuclear Talks Resume in Islamabad Amid Strait of Hormuz Standoff 
Poll: Israelis Split on Iran Ceasefire as Netanyahu's Approval Declines 
U.S., Australia, and Philippines Conduct Joint South China Sea Military Drills Amid Rising Tensions With China 
Trump Blasts Pope Leo as "Weak" Amid Foreign Policy and Immigration Disputes 
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
Czech and Slovak Leaders Rally Behind Hungary's Orban Ahead of Critical Election 
Trump Dismisses Iran Talks, Orders Strait of Hormuz Blockade 
South Korea and Poland Forge Comprehensive Strategic Partnership Centered on Defence 
Spain's Sanchez Visits China to Deepen Trade Ties Amid U.S. Tensions 
Peru Presidential Election 2026: Keiko Fujimori Takes Early Lead in First-Round Vote 
U.S. Blockade of Iran Begins as Nuclear Talks Collapse in Islamabad 
U.S. Blockade of Strait of Hormuz Sends Oil Tankers Into Retreat 
Costa Rica Receives First Wave of U.S.-Deported Migrants Under New Bilateral Agreement 
Peru Presidential Election 2025: Lopez Aliaga Leads Early Results 
The war that Russia continues to wage on Ukraine has exacerbated the rising prices of gasoline and food. The United States and Japan this week agreed to address the economic impact of the war in Ukraine on the world.
US Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed to coordinate in addressing the economic impact of the war in Ukraine, which is moving toward its fifth month.
The two finance officials agreed to tackle the rising prices of food and energy products and volatility in currency markets that were worsened by Russia’s invasion of Ukraine.
Both officials said the war increased the exchange rate volatility, which would lead to implications for economic and financial stability, and pledged to cooperate on currency issues.
“We will continue to consult closely on exchange markets and cooperate as appropriate on currency issues, in line with our G7 and G20 commitments,” said the officials in a joint statement following the meeting.
The two finance officials also reiterated their mutual condemnation of Russia’s “unprovoked, unjustifiable, and illegal” war on Ukraine that began when Russians invaded Ukraine back on February 24 in what the Kremlin calls a “special military operation.”
They also agreed to increase Russia’s cost of its war by imposing further economic and financial sanctions.
They also urged China and other nations to cooperate in a constructive manner in helping low-income countries that are facing debt and other issues such as climate change and global tax reforms.
Meanwhile, Ukraine said Tuesday that it has carried out a long-range strike against Russian forces in Ukraine’s southern territory, including Russian military equipment, as Ukrainian troops are looking to recapture the southern territories in a counter-offensive with thousands of troops.
An ammunition dump at the Nova Kakhovka in Kherson was hit by the rockets, killing 52 Russians, according to Kyiv. This follows the United States’ supplying of Ukraine with HIMARS missile systems which Ukraine said its forces are using effectively.
The area that Ukraine struck was among the areas Russian forces seized after it invaded and is also of strategic importance with access to the Black Sea, which is also north of the Russian-annexed Crimea region.
