City Moscow Financial News

MOSCOW (Reuters) — Russia was short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia newspaper reported on Sunday, citing experts and research from the Russian Academy of Science's Institute of Economics.

war isn't just looming over Israel-Palestine and Russia-Ukraine. Nope, they're spreading like wildfire, hitting everywhere from Afghanistan to Yemen, Africa to Southeast Asia.

Su-34 fighter-bomber aircraft on Friday on the southern front, hailing it as a success in the 22-month-old war. The Russian military made no mention of the incident. But Russian bloggers acknowledged the loss, and analysts suggested U.S.-supplied Patriot missiles had probably been used. Reuters could not independently confirm the reports. «Today at noon in the southern sector — minus three Russian Su-34 fighter-bombers!» Ukrainian Air Force Commander Mykola Oleshchuk wrote on the Telegram messaging app. Air Force spokesperson Yuri Ihnat described it on national television as a «brilliantly planned operation.» «There haven't been Su-34s for some time in our positive statistics,» he said, citing the model as one of Russia's most modern aircraft for bombing and other assaults. Zelenskiy in his nightly video address praised the Odesa region anti-aircraft unit for downing the planes in Kherson region. The region was occupied in the first days of Moscow's February 2022 invasion.

Joe Biden on Friday signed an executive order threatening penalties for financial institutions that help Russia circumvent sanctions, the White House said in a statement, as Washington seeks to increase pressure on Moscow. The order also gives Washington the ability to broaden import bans of certain Russian goods, such as seafood and diamonds, the White House said.

On the tarmac of a Moscow airport in late August, Yevgeny Prigozhin waited on his Embraer Legacy 600 for a safety check to finish before it could take off. The mercenary army chief was headed home to St. Petersburg with nine others onboard.

Beaming at every turn, North Korean dictator Kim Jong Un toured the jewels of Russia’s military industries in September. A guest of President Vladimir Putin, he gawked at the plant making Su-35 jet fighters, inspected a Russian Navy frigate and examined the Kinzhal missiles at the Vostochny spaceport. Soon thereafter, trainloads of North Korean artillery shells started rolling to Russian troops in Ukraine—by American calculations, as many as one million munitions, or roughly three times what European nations had been able to supply in a whole year.

Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout.

The European Union has paid the final tranche of a multibillion-euro support package to Ukraine to help keep its war-ravaged economy afloat this year

MOSCOW (Reuters) -A Russian court fined Alphabet (NASDAQ:GOOGL)'s Google on Wednesday 4.6 billion roubles ($50.84 million) for failing to delete so-called «fake» information about the conflict in Ukraine, the TASS news agency reported.

Britain and France are reiterating their determination that Russia’s invasion of Ukraine must end in failure

Ukrainian President Volodymyr Zelenskyy says he's certain the United States will make good on its promise of further billions of dollars for Kyiv to continue its fight against Russia

India over an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun and expressed its willingness to engage with New Delhi in resolving the ongoing conflicts in Ukraine and West Asia. “I would say that we would welcome India’s constructive engagement in these two matters (wars in Ukraine and Gaza) as we welcome constructive engagement from countries around the world,” US state department spokesperson Matthew Miller said. He said the Joe Biden administration has focused a “great deal of time and attention” on the ties with India. Miller’s comments came ahead of foreign minister S Jaishankar’s Moscow trip later this week. India, which has maintained neutrality in the Ukraine war and continued its engagements with Russia, favours dialogue and diplomacy as the way forward to end the conflict. India has strong ties with Israel as well as with the Arab world. The country recently hosted the Sultan of Oman.

Russian state new agencies have reported that delegates from Russia's ruling party have unanimously backed President Vladimir Putin's bid for reelection at a party conference in Moscow

The European Union is imposing sanctions on Russia over its war against Ukraine, targeting the lucrative diamonds industry as well as more than 140 officials, companies and organizations

oil prices are on a declining trend. This, despite production cuts announced earlier this year by Opec and Russia, because US output is likely to reach record highs. Last week, IEA released its projection that suggests that world oil consumption will increase by 1.1 million bpd in 2024, up by 130,000 bpd from its earlier estimate.

Kendall Jenner and Bad Bunny have parted ways after dating for less than a year. According to 'Entertainment Tonight', the two «have been doing their things lately and things slowly started to fizzle out between them.» Quoting an unnamed source, it said «They both knew going into this that it likely wouldn’t be a forever type of relationship and that was mutually understood from the get-go.»

By Alex Lawler

Oil prices rose nearly 1% in early Asian trade on Monday, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption. Brent crude futures climbed 69 cents, or 0.9%, to $77.24 a barrel by 0037 GMT, while U.S. West Texas Intermediate crude was at $72.08 a barrel, up 65 cents, or 0.9%. «The bad weather in Russia has played a part in the stronger open this morning as has the Houthis attack on ships close to Yemen,» IG analyst Tony Sycamore said. Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or more, earlier than promised, as the world's biggest exporters try to support global oil prices. This comes after Moscow suspended about two-thirds of loadings of its main export grade Urals crude from ports due to a storm and scheduled maintenance on Friday. Shipping firms, including the world's biggest container shipping lines MSC and A.P.

By Guy Faulconbridge

Svalbard archipelago in the Arctic, but snowmobile excursions to see them have come to a halt since the war in Ukraine. «We used to work with Russian permafrost scientists and hydrologists in the Barentsburg region. This doesn't happen now,» the British scientist told AFP. «We're sad that we can't use this basis for collaboration, but we're not at all happy with the actions of the Russian government, obviously,» he said at his office at Longyearbyen University in the archipelago's capital. Although a part of Norway, the islands have long had a strong Russian presence.

Dozens of migrants have crossed into Finland hours before the reclosure of two southern crossing points on the border with Russia as the Nordic country experiences an influx of asylum-seekers