City Moscow Financial News

A group of high-net-worth Russian and CIS investors have filed a class action lawsuit against Atomic Wallet, a prominent cryptocurrency platform, following a security breach in June that resulted in losses of approximately $100 million.

By YP Rajesh

Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of the year

KYIV, Ukraine—A Russian military pilot who defected to Ukraine last month said he flew his Mi-8 helicopter low over fields with its transponder off to evade detection, capping an operation planned over months with Ukraine’s military intelligence agency. In his first public appearance at a news conference in Ukraine, Capt. Maksim Kuzminov said Tuesday that he reached out to the agency, best known by the acronym HUR, late last year after months lamenting the Russian invasion of Ukraine and his part in it.

Urals oil loaded from the state's ports in August, despite a record rise in prices for the grade, traders, LSEG data and Reuters calculations showed.Indian refineries said in August that the Urals discount to the dated Brent benchmark crude had narrowed too much, making them cut purchases of the grade in September. Discounts for Urals oil loading in August narrowed to $5 per barrel and below on a DES (delivered ex ship) basis in Indian ports — a record low since a European Union embargo on Russia's oil. Along with the EU embargo, the G7, the European Union and Australia imposed a $60 per barrel price cap last December on sea-borne exports of Russian crude in retaliation for Russia's war on Ukraine, which Moscow calls a special military operation. The increase in prices for the Russian grade was due to Russia's pledge to cut oil exports in August by 500,000 barrels per day (bpd) in cooperation with OPEC+ to balance oil markets.

Security groups loyal to the Kremlin are moving to take control of Wagner’s military forces in Ukraine and Africa in the wake of the death of its founder, Yevgeny Prigozhin. Mercenary groups with ties to Russian security forces and oligarchs close to the Kremlin are moving to absorb thousands of Wagner soldiers. In doing so, the Kremlin is seeking to commandeer experienced troops for the war in Ukraine and retain the influence Wagner had earned in parts of Africa.

SEOUL—For more than four years, Kim Jong Un has stayed inside his country’s borders, focused on a deadly virus, a stifled economy and a corrupt elite. Now, the North Korean leader, U.S. officials said, could be planning his first foreign trip to Russia for a meeting with Vladimir Putin.

Russian President Vladimir Putin says that a landmark deal allowing Ukraine to export grain safely through the Black Sea amid the war won’t be restored until the West meets Moscow’s demands on its own agricultural exports

Russia's Vladimir Putin says there will be no new deal on shipping grain through Black Sea until West meets his demands

Turkish President Recep Tayyip Erdogan has meet with Vladimir Putin in a bid to persuade the Russian leader to rejoin the Black Sea grain deal that Moscow broke off from in July

By Pavel Polityuk, Tom Balmforth and Luiza Ilie

MOSCOW (Reuters) -President Vladimir Putin told Turkey's Tayyip Erdogan on Monday that Russia was open to discussions about the Black Sea (NYSE:SE) grain deal, an agreement that helped get Ukraine's grain to market and thus ease a global food crisis.

Investing.com — Oil prices edged lower Monday, handing back some of the previous week’s strong gains but remaining near three-week highs on expectations that major producers will keep supplies tight.

Russia's military, the deputy chair of the Russian Security Council, former President Dmitry Medvedev, said on Sunday. Visiting Russia's Far East, Medvedev said he was meeting local officials to work on efforts to beef up the armed forces. «According to the Ministry of Defence, since Jan. 1, about 280,000 people have been accepted into the ranks of the Armed Forces on a contract basis,» including reservists, state news agency TASS quoted Medvedev as saying. Last year Russia announced a plan to expand its combat personnel more than 30% to 1.5 million, an ambitious task made harder by its heavy but undisclosed casualties in Moscow's war against Ukraine. Some Russian lawmakers suggested Russia needs a professional army 7-million strong to ensure the country's security — a move that would require a huge budget allowance.President Vladimir Putin ordered a «partial mobilisation» of 300,000 reservists in September 2022, prompting hundreds of thousands of others to flee Russia to avoid being sent to fight.

HONG KONG—A new Cold War-style competition has put the moon back at the center of global space ambitions, but the U.S. has a new chief rival. More nations and companies are venturing into space, crowding the calendar with planned robotic landings for lunar research.

Vladimir Putin will host his Turkish counterpart Recep Tayyip Erdogan on Monday, the Kremlin said, amid hopes the two can restore a deal ensuring safe passage for grain shipments. Russia pulled out from the UN-backed grain agreement that Turkey helped broker in July, effectively revoking safe navigation for civilian ships sailing through the Black Sea. «Negotiations will indeed take place in Sochi on Monday,» Kremlin spokesman Dmitry Peskov told reporters on Friday. Moscow's announcement came shortly after Ukraine said two more ships were sailing through a temporary corridor Kyiv had set up to ensure safe navigation. «Two vessels are sailing through a temporary corridor from Ukraine's Black Sea ports to the Bosphorus,» Infrastructure Minister Oleksandr Kubrakov said on social media.

The entire Bolshoi Ussursky Island in Russia's Amur region has been displayed as Chinese territory in the new map and this could be a cause of tensions between Moscow and Beijing. The island is situated at the confluence of Amur and Ussuri rivers and located close to the Russian city of Khabarovsk making it strategically important, according to experts on Sino-Russian ties. While Russia ceded part of the island to China in 2004 under the border pact, China has a centuries-old grievance from the 19th century when it was forced to cede the territory to Tsarist Russia under two treaties of 1858 and 1860. But the cracks appearing in the Sino-Russian ties are not new.

MOSCOW (Reuters) — Russian Deputy Finance Minister Alexei Moiseev said on Friday that the government would not allow foreign banks to leave Russia easily.

Japan’s government is imposing sanctions against three groups and four individuals for supporting North Korea’s missile and nuclear development program

Recent images released by NASA have confirmed the aftermath of Russia's Luna-25 mission, which ended in failure last month with a crash landing on the moon. These images reveal a substantial 10-meter wide crater on the lunar surface, attributed to the Luna-25's uncontrolled descent.

“Our dependence on Russian oil is going to decrease sharply,” Oil Minister Hardeep Puri said in an interview. “The cost viability from the Gulf is much more attractive now.” India’s consumption of Russian crude has soared since President Vladimir Putin’s invasion of Ukraine in February last year, ousting Saudi Arabia and Iraq from the top spots.