Tag Archives: Russia

AMLO Questions US Aid to Ukraine over Central America

By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO) on Tuesday, March 22, questioned the U.S. Congress’s decision to allocate emergency funds for Ukraine wartime relief due to Russia’s invasion of that country while continuing to stall on  providing financial aid to Central America. “The aid for Ukraine was approved in just two days, while support

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Mexico Looking to Reduce Yellow Corn Imports as Prices Soar

By THE PULSE NEWS MEXICO STAFF Mexico’s Agriculture and Rural Development (Sader) Secretary Víctor Villalobos said  Friday, March 18, that if the country’s production of yellow corn increases by at least 8 million tons, Mexico will be able to declare itself self-sufficient and stop importing by the end of President Andrés Manuel López Obrador’s (AMLO) six-year term in 2024. “We

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War in Ukraine Adds to Mexico’s Economic Insecurity

XINHUA The growing geopolitical conflict resulting from Russia’s invasion into Ukraine has exacerbated uncertainty surrounding Mexico’s economy, the Mexican Institute of Finance Executives (IMEF) said on Tuesday, March 15. In its monthly analysis, the private-sector IMEF said that the global economic landscape changed notably due to the Russia-Ukraine conflict, the impact of which is still to early to gauge. IMEF

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Bimbo: First Mexican Company to Suspend Sales in Russia

By THE PULSE NEWS MEXICO STAFF While the administration of Mexico’s leftist president, Andrés Manuel López Obrador (AMLO), refuses to take any diplomatic or commercial stance against Russia for its invasion into the sovereign nation of Ukraine, Mexico’s leading bread company, Grupo Bimbo, announced Monday, March 14, that it will suspend all sales and future investments in Russia. Bimbo is

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Though Mexico Exports Crude, High Oil Prices Hurt Economy

By THE PULSE NEWS MEXICO STAFF Although Mexico exports crude oil, it is a net importer of carbon-based fuel, meaning that it imports more oil products than it imports. Consequently, the surging price of international oil, and by extension, all oil-based products, such as gasoline, will negatively impact Mexico’s finances, Janneth Quiroz Zamora, deputy director of economic analysis at the

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