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Biden: Russia's war will continue to 'take its toll' on global economy.

by The Kyiv Independent news desk April 20, 2022 12:07 AM 1 min read
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In addition to the economic disruption caused by the Covid-19 pandemic, U.S. President Joe Biden cast blame directly on Russian dictator Vladimir Putin as a "big reason for inflation," which is at its highest in 40 years. “The invasion of Ukraine has driven up gas prices and food prices all over the world," Biden said.

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10:35 PM

Hungary loses out on about $1 billion in EU aid.

The aid package was conditional on Hungary implementing reforms to bring the country into compliance with EU standards by the end of 2024. Budapest failed to meet the requirements, a European Commission spokesperson said.
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