City Moscow, Russia Financial News

By Donny Kwok and Brenda Goh

Russia and Ukraine, five drones were shot down overnight in three Russian regions, with one targeting the capital city, Moscow. Fortunately, there were no reported casualties from these incidents. Meanwhile, Russia continued its fourth day of air attacks on Ukraine's port city, Izmail, situated on the Danube River.

Russia says its forces destroyed three Ukrainian naval drones being used in an attempt to attack a key bridge linking Russia to Moscow-annexed Crimea, temporarily closing it for a third time in less than a year

Ukrainian naval drones being used in an attempt to attack a key bridge linking Russia to Moscow-annexed Crimea, forcing its temporary closure for the third time in less than a year. One naval drone was destroyed late Friday and two others early Saturday morning, according to Russia's Defence Ministry.

G20 summit. Also read: ‘G20 leaders are going to ask…’: Rahul Gandhi attacks PM Modi on OCCRP allegations against Adani Group The Treasury said Yellen also will rally America's G20 allies to maintain economic support for Ukraine and increase costs on Russia over Moscow's continuing war in Ukraine. This includes supporting the G7-led price cap on Russian oil exports and efforts to strengthen global food security in the face of restrictions on Ukrainian grain exports.

Joe Biden Wednesday said he was not surprised by reports that Russian Wagner chief Yevgeny Prigozhin may have died in a plane crash. Biden said not much happens in the country that President Vladimir Putin is not behind, Reuters reported.

Dubai International Airport, the world’s busiest for international travel, says it served 41.6 million passengers in the first half of this year

Dubai International Airport, the world's busiest for international travel, announced Tuesday it served 41.6 million passengers in the first half of this year — exceeding figures for the same period in 2019 as travelers return to the air after the lockdowns of the coronavirus pandemic. The airport, home to the long-haul carrier Emirates in skyscraper-studded Dubai, long has served as a barometer for the aviation industry worldwide. The new figures at the airport known as DXB reflect figures offered by the International Air Transport Association that traffic worldwide is at 94% of pre-COVID levels. «As we recover with our (half-year) traffic surpassing pre-pandemic levels, we continue to remain committed to ensuring every guest who travels through our airport leaves with a smile,» Paul Griffiths, CEO of Dubai Airports, said in a statement announcing the figures. The 41.6 million passengers is up some 50% from the 27.9 million recorded the same time last year, as airlines now have more planes and routes running again. Passenger traffic this year largely has been driven by the airport's standard travel destinations — India, Saudi Arabia, the United Kingdom and Pakistan.

By Guy Faulconbridge

Russia fired missiles at western Ukraine that killed an 8-year-old boy, local officials said, and drones that Russian officials blamed on the Ukrainian military targeted Moscow for a third straight day but reportedly didn't cause significant damage. Also Friday, Ukrainian President Volodymyr Zelenskyy announced the firing of all the heads of regional military draft boards, part of his crackdown on corruption since the outbreak of Russia's war in Ukraine more than 17 months ago. The missile that killed the boy struck a house In western Ukraine's Ivano-Frankivsk region, about 100 kilometers (60 miles) from the Polish border, according to the office of Ukraine's prosecutor general. But Ukrainian air defenses frustrated Russia's daylight attack on Kyiv, Ukraine's capital. Debris from intercepted missiles fell on residential areas of the city, including the premises of a children's hospital, without causing casualties, local authorities said. Falling wreckage of missiles and drones has in the past killed people on the ground and damaged buildings in Kyiv.

Japan has expressed concerns over Iran’s advancing uranium enrichment program and its suspected supplying of combat drones to Moscow for Russia’s war on Ukraine

Turkmenistan’s flagship carrier, Turkmenistan Airlines, has announced it will extend its suspension of flights to Moscow until the end of October, citing safety concerns after an increase in drone attacks on the Russian capital

One drone targeting Moscow was shot down on the city's outskirts and two others were «suppressed by electronic warfare» and smashed into an office complex early on Sunday, the Russian defence ministry said, adding that there were no injuries. Moscow and its environs, lying about 500 kilometres (310 miles) from the Ukrainian border, had rarely been targeted during the conflict in Ukraine until several drone attacks this year. Following the attacks, Ukrainian President Volodymyr Zelensky warned that «war» was coming to Russia. «Gradually, the war is returning to the territory of Russia — to its symbolic centres and military bases, and this is an inevitable, natural and absolutely fair process,» Zelensky said on a visit to the western city of Ivano-Frankivsk.

Russia after three Ukrainian drones were downed over Moscow. «Gradually, the war is returning to the territory of Russia — to its symbolic centres and military bases, and this is an inevitable, natural and absolutely fair process,» Zelensky said on a visit to the western city of Ivano-Frankivsk.

Russian authorities have accused Ukraine of launching a drone attack on Moscow during which one of the aircraft fell near the Defense Ministry’s main headquarters

Chinese President Xi Jinping’s visit to Moscow—and the flurry of trade, energy and infrastructure deals discussed during his trip—has laid bare an increasingly uncomfortable truth for Moscow: In a relationship the Kremlin has long treated with the utmost caution, China is gaining the upper hand. 

Chinese President Xi Jinping’s visit to Moscow—and the flurry of trade, energy and infrastructure deals discussed during his trip—has laid bare an increasingly uncomfortable truth for Moscow: In a relationship the Kremlin has long treated with the utmost caution, China is gaining the upper hand. 

Moscow agreed to renew an arrangement with Ukraine, Turkey and the United Nations that allows for the export of Ukrainian agricultural products through the war-torn Black Sea region.

A Russian Finance Ministry official has provided new details about a bill on digital currencies that is currently being drafted.

The Kosovo government has delayed a decision to oblige Serbs living in the country's northern municipalities to apply for Pristina-issued number plates following a set of fresh tensions between local communities and law enforcement officials.