US Seeking to ‘Exhaust and Crush’ Russia, Beijing Claims

The Ukraine conflict is being prolonged so that the US can pursue its agenda of weakening Moscow, the Chinese Ambassador to Russia claimed in a TASS interview - while describing the US as the “initiator and chief arsonist of the Ukraine crisis”.

Zhang Hanhui said that the US was seeking to artificially extend the crisis with sanctions and is deliberately causing instability the world over. US hegemony and power is the “greatest challenge to progress and the peaceful development of human civilization” he claimed.

He reminded Washington that Taiwan remains an integral part of China, and warned against further American meddling, “today’s China is not the China of one hundred years ago, which was poor and weak, and let others decide its fate”.

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Coca-Cola Counts Huge Cost of Russia Exit

The soft drinks bottler lost $195mn in the first half of the year and predicts a further $82mn charge as it depletes its stocks in Russia - citing the conflict in Ukraine.

Russia was one of Coca Cola HBC’s biggest markets before it suspended its business - but the bottler will now re-name its business Russia Multon Partners and produce local brands Dobry, Rich and Moya Semya.

The charges resulted in the London-listed company reporting a 34% fall in net profit to July 1.

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