City Moscow Financial News
28.11 / 08:13
Citi
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stars
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Russian court extends detention of Wall Street Journal reporter Gershkovich until end of January
Moscow on Tuesday extended the detention of Wall Street Journal reporter Evan Gershkovich, arrested on espionage charges, until Jan. 30, Russian news agencies reported. The hearing took place behind closed doors because authorities say details of the criminal case against the American journalist are classified. Gershkovich, 32, was detained in March while on a reporting trip to the Russian city of Yekaterinburg, about 2,000 kilometers (1,200 miles) east of Moscow.
28.11 / 02:41
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Dutch museum returns 2,000-yr-old Scythian artefacts to Ukraine after 9 year legal battle
Kyiv Monday after being stuck in a Dutch museum for nine years, where they were on show when Russia seized the Black Sea peninsula in 2014. Ukraine hailed the arrival of the jewels in the midst of the Russian full-scale 2022 invasion as a victory for its «identity and freedom». The Scythian artefacts — some around 2,000 years old — were on loan to Amsterdam's Allard Pierson museum when they suddenly were at the centre of a geopolitical crisis following Russia's 2014 annexation of Crimea. Years of legal battles ensued, with both Kyiv and Moscow-controlled Crimean museums filing suits that the jewels should be in their hands, before the Dutch Supreme Court ruled this summer they should go to Ukraine. «After almost 10 years of trials, artefacts from four museums of Crimea… returned to Ukraine,» the National Museum of the History of Ukraine (NMHU) said on its website. «They will be kept in the NMHU until the de-occupation of Crimea,» it added. Their return comes 21 months into Moscow's offensive, and is a symbolic win for Ukraine, which has repeatedly vowed to retake Crimea.
27.11 / 17:47
Gap
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2020
Europe is guzzling diesel from India, a key buyer of Russian oil
Russian crude. The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, the most since at least January 2017, data from market-intelligence firm Kpler show. While it’s not possible to say with certainty that the molecules originated in Russia — India also processes oil from elsewhere — Moscow’s deliveries have given Indian refineries the ability to produce abundant diesel and boost exports.
27.11 / 15:52
Gap
Nov
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2020
Europe binges on Indian diesel as supplies from US, Saudi dip
While it’s not possible to say with certainty that the molecules originated in Russia — India also processes oil from elsewhere — Moscow’s deliveries have given Indian refineries an ability to produce abundant diesel and boost exports. Arrivals into Europe in November include a rare shipment from Mumbai-based Nayara Energy Ltd., which imported almost 60% of its crude from Russia this year, according to Kpler. Reliance Industries Ltd., Europe’s top supplier of Indian diesel, draws more than third of its crude from Russia, the figures show. The surge in diesel imports from India also illustrates a fundamental shift in oil trading in the wake of the Kremlin’s war in Ukraine. A year ago, Russia was Europe’s top supplier of diesel, a fuel vital to the industrial and transport sectors. The European Union banned most seaborne imports of Russian crude in December and oil products in February.
27.11 / 03:09
Twitter
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Digital
Platform
Instagram
Meta Ceo
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social
Russia puts Meta spokesman Andy Stone on wanted list
Russia on Sunday put Meta Platforms spokesperson Andy Stone on a wanted list on unspecified charges as the US social media giant — which owns Facebook — is classed as "extremist" by Moscow. Russia has hugely cracked down on media and social media freedom since launching its Ukraine offensive last year and banning criticism of it.
26.11 / 22:45
Waters
Extreme
Fighting
consequences
reports
Zelenskiy praises Ukrainians for battles with Russia and the weather
KYIV (Reuters) -President Volodymyr Zelenskiy on Sunday thanked Ukraine's military for fighting Russian attacks and its rescue services for tackling the consequences of extreme winter weather that he said had deprived about 400 settlements in 10 regions of power.
26.11 / 16:39
26.11 / 09:57
Target
Russia says it thwarted Ukrainian drone and missile attack
Russia thwarted a Ukrainian attack on Russian regions involving at least 24 drones and two missiles, the Russian defence ministry said on Sunday. The ministry said that Ukrainian drones were shot down over Moscow, Tula, Kaluga, Smolensk and Bryansk. It also said Russian air defences shot down two Ukrainian S-200 surface-to-air missiles that had been adapted to hit land targets.
26.11 / 07:31
Progressive
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Mobile
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'You'll die in this pit': Takeaways from secret recordings of Russian soldiers in Ukraine
As the war in Ukraine grinds into its second winter, a growing number of Russian soldiers want out, audio intercepts obtained and verified by The Associated Press indicate. Russian soldiers speak in shorthand of 200s to mean dead, 300s to mean wounded. The urge to flee has become common enough that they also talk of 500s — people who refuse to fight. These conversations also show clearly how the war has progressed, from the professional soldiers who initially powered Vladimir Putin's full-scale invasion to men from all walks of life compelled to serve in grueling conditions. The verified the identities of people in the calls by speaking with relatives and soldiers — some of whom are still at war in Ukraine — and researching open-source material linked to the phone numbers used by the soldiers.
24.11 / 20:14
Digital
Platform
Fighting
Strategy
President
prevention
Putin to boost AI work in Russia to fight a Western monopoly he says is 'unacceptable and dangerous'
Russian President Vladimir Putin says that he will endorse a national strategy for the development of artificial intelligence
24.11 / 20:14
Maxim
economy
Nov
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consequences
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Russian consumers feel themselves in a tight spot as high inflation persists
The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat
24.11 / 13:49
CEO
Platform
Strategy
country
Vladimir Putin says West cannot have monopoly on AI, calls for boost to Russian efforts
China and the United States are leading the development of AI, which many researchers and global leaders think will transform the world and revolutionise society in a way similar to the introduction of computers in the late 20th century.
24.11 / 00:39
Digital
Mobile
legislation
Bitcoin
electronic
Russian Bailiffs Will Get More Powers to Seize CBDC & Crypto
Moscow will give Russian bailiffs more new powers to seize digital rubles and cryptoassets in bankruptcy cases.
22.11 / 12:11
Reuters
Experts
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track
country
OPEC gains India oil market share in October, Russia slips
OPEC's share in India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Russia's share of the Indian market in October slipped to the lowest in nine months, according to Reuters calculations based on ship tracking data from trade sources. India, the world's third-biggest oil importer and consumer, typically relies on producers in the Middle East for most of its oil needs and has encouraged refiners to diversify to cheaper alternatives to cut costs. The South Asian nation has emerged as the top buyer of the Russian seaborne oil sold at a discount after Western nations stopped buying from Moscow following its invasion of Ukraine. India imported about 4.7 million barrels per day (bpd) of crude in October, up 8.4% from the previous month as refiners increased purchases to meet higher local fuel demand during the festive season, the data showed. Imports from Saudi Arabia and the United Arab Emirates jumped to a 7-month high, up about 53% and 63% respectively in October from the previous month, the data showed. That helped lift the share of the producers in the Organization of the Petroleum Exporting Countries to 54% in October, up from 50% in September, according to the data. India imported on average 1.56 million barrels per day (bpd) of Russian oil in October, up 1.2% from the previous month, the data showed. Despite the increase, Russian oil's share in India's October imports slipped to 33% from 35% in September. Russia was the top oil supplier to India in April to October, the first seven months of this fiscal year to March 2024, followed by Iraq and Saudi Arabia. Higher
22.11 / 12:11
Reuters
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track
country
India's appetite for Russian oil reduces, share slips to lowest in 9 months as OPEC gains
India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Russia's share of the Indian market in October slipped to the lowest in nine months, according to Reuters calculations based on ship tracking data from trade sources. India, the world's third-biggest oil importer and consumer, typically relies on producers in the Middle East for most of its oil needs and has encouraged refiners to diversify to cheaper alternatives to cut costs. The South Asian nation has emerged as the top buyer of the Russian seaborne oil sold at a discount after Western nations stopped buying from Moscow following its invasion of Ukraine. India imported about 4.7 million barrels per day (bpd) of crude in October, up 8.4% from the previous month as refiners increased purchases to meet higher local fuel demand during the festive season, the data showed. Imports from Saudi Arabia and the United Arab Emirates jumped to a 7-month high, up about 53% and 63% respectively in October from the previous month, the data showed. That helped lift the share of the producers in the Organization of the Petroleum Exporting Countries to 54% in October, up from 50% in September, according to the data. India imported on average 1.56 million barrels per day (bpd) of Russian oil in October, up 1.2% from the previous month, the data showed. Despite the increase, Russian oil's share in India's October imports slipped to 33% from 35% in September. Russia was the top oil supplier to India in April to October, the first seven months of this fiscal year to March 2024, followed by Iraq and Saudi Arabia. Higher intake of
22.11 / 03:37
Digital
economy
pandemic
President
country
consequences
innovations
Russia's Bold Geopolitical Pivot: Embracing the Global South, forging new alliances, and navigating economic resilience
Russia’s pivot to the Global South, Western, South and Central Asia is strategic and long-term. While Moscow’s partnership with New Delhi has deep mental and cultural roots, Russia-China ties does not have dimension of a military alliance, Prof. Alexander Dynkin, President of IMEMO (Russia’s top think tank) & leading economist tells ET’s Dipanjan Roy Chaudhury ahead of Primakov Readings (Russia’s premier foreign policy forum) in Moscow on October 27-28.
20.11 / 11:15
19.11 / 10:44
Citi
Waves
FIVE
Reuters
Waters
Telegram
reports
Russia launches drone attack on Kyiv 2nd night in row -Ukraine
(Reuters) -Russia launched several waves of drone attacks on Kyiv early on Sunday for the second night in row, stepping up its assaults on the Ukrainian capital after several weeks of pause, the city's military administration said.
17.11 / 13:29
Citi
Fighting
Southern
President
Battlefield
reports
prevention
Ukrainian marines claim multiple bridgeheads across a key Russian strategic barrier
Ukraine's marine corps said on Friday it has secured multiple bridgeheads on the eastern bank of the Dnieper River in the Kherson region in fighting it described as having left nearly 3,500 Russians killed or wounded and dozens of ammunition depots, tanks, armoured vehicles and other weaponry destroyed. The Marine Infantry Command's claims are the first to come directly from the Ukrainian military about advances across one of Russia's most significant strategic barriers.
17.11 / 08:29
Manufacturing
end
Alstom to exit Russia's TMH by year-end -Ifax cites TMH boss
MOSCOW (Reuters) — France's Alstom (EPA:ALSO) is set to sell its 20% stake in Transmashholding (TMH) back to the Russian railcar manufacturer by the end of the year, the Interfax news agency cited TMH head Kirill Lipa as saying on Friday.
16.11 / 08:21
FIVE
Reuters
Nov
President
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Department
Analysis-Western investors spooked as Moscow mulls compulsory share purchase plan
By Sinead Cruise, Elena Fabrichnaya and Alexander Marrow
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