Jordan's King Abdullah II speaks during his visit to the Eastern Military Zone in February. RHC
Jordan's King Abdullah II speaks during his visit to the Eastern Military Zone in February. RHC
Jordan's King Abdullah II speaks during his visit to the Eastern Military Zone in February. RHC
Jordan's King Abdullah II speaks during his visit to the Eastern Military Zone in February. RHC

King Abdullah says Jordan is seeking to contain economic damage from Russia-Ukraine war


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Jordan's King Abdullah II on Wednesday said the country would work with its Arab neighbours to contain the economic effects of the war in Ukraine.

It was the king's first public reaction on the war, which has driven global energy prices up sharply and affected countries relying on Ukrainian wheat.

Jordan imported 10 per cent of its wheat from Ukraine last year. The rest was mostly from Romania.

King Abdullah told the official news agency that wheat stocks in Jordan were "safe and work is ongoing to increase them".

"It is important to come out with minimum losses on the Jordanian economy from the events in Ukraine, especially regarding energy prices, and in co-ordination with the Arab brethren," he said.

Jordan imports about 130,000 barrels a day of crude oil, mostly from Saudi Arabia, and relies on Egypt and Israel for its natural gas needs.

Bulk traders in Jordan have reported shortages in cooking oil in the past few days, with significant volumes normally obtained from Ukraine.

Jordan did not initially condemn the Russian assault on Ukraine, which began on February 24.

But on Wednesday, Jordan was among the 141 countries of the 193-member UN General Assembly to vote for a resolution that condemned the attack and demanded the withdrawal of the Russian forces.

Timeline

1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line

1962
250 GTO is unveiled

1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company

1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens

1976
First automatic Ferrari, the 400 Automatic, is made

1987
F40 launched

1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent

2002
The Enzo model is announced

2010
Ferrari World opens in Abu Dhabi

2011
First four-wheel drive Ferrari, the FF, is unveiled

2013
LaFerrari, the first Ferrari hybrid, arrives

2014
Fiat Chrysler announces the split of Ferrari from the parent company

2015
Ferrari launches on Wall Street

2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary

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Updated: March 10, 2022, 7:24 AM