City Moscow Financial News
27.08 / 15:55
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Russia says genetic tests confirm Wagner chief Prigozhin died in plane crash
MOSCOW (Reuters) -Russian investigators said on Sunday that genetic tests had confirmed that Yevgeny Prigozhin, chief of the Wagner mercenary group, was among the 10 people killed in a plane crash last week.
27.08 / 13:39
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Russian authorities confirm Wagner chief Yevgeny Prigozhin's death in plane crash
Yevgeny Prigozhin comes exactly two months after he led a short-lived mutiny against Moscow. The Western leaders spoke about Russia's hand in the plane crash, but the accusations were rejected by the Russian authorities who called it an “absolute lie." "There is now a great deal of speculation surrounding this plane crash and the tragic deaths of the plane's passengers, including Yevgeny Prigozhin.
27.08 / 12:03
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Prigozhin: Russia's mercenary supremo turned Kremlin enemy
Yevgeny Prigozhin, who was confirmed dead on Sunday by Russia's Investigatice Committee after a plane crash near Moscow, was a Kremlin confident catapulted to infamy by the offensive in Ukraine before he turned his troops on Russia's capital. Prigozhin's order in June that his private fighting group march on Moscow to unseat Russia's top brass presented the most serious challenge to President Vladimir Putin's hold on power over more than two-decades. His forces captured a key military headquarters in the city of Rostov-on-Don in southern Russian before setting their course for Moscow, where authorities beefed up security in anticipation of a showdown. «The evil that the military leadership of the country brings must be stopped,» Prigozhin announced after claiming the defence ministry had launched strikes on Wagner bases. But the failed bid ended with Putin ultimately offering exile in neighbouring Belarus to the mutineers and Prigozhin, who then appeared in footage vowing to make Africa «freer» and suggested he was on the continent. Before Putin, who accused Prigozhin of treason, ordered troops to Ukraine in February last year, the 62-year-old mercenary head dispatched fighters from his private force to conflicts in the Middle East and Africa but always denied involvement. That changed last year when he announced himself as the founder of the Wagner group and began a mass recruitment drive at Russia's prisons for foot soldiers to fight in exchange for an amnesty. — Bitter top brass rivalry — He gained public acclaim as Wagner spearheaded the capture of several key Ukrainian towns including Bakhmut.
27.08 / 08:23
26.08 / 18:37
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Russia's Putin orders Wagner fighters to sign oath of allegiance after Prigozhin's demise
Vladimir Putin has ordered Wagner fighters to sign an oath of allegiance to the Russian state after a deadly plane crash believed to have killed Yevgeny Prigozhin, the volatile chief of the mercenary group.Putin signed the decree bringing in the change with immediate effect on Friday after the Kremlin said that Western suggestions that Prigozhin had been killed on its orders were an «absolute lie».
26.08 / 16:45
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Saudi Arabia to likely roll over 1 million bpd output cut into October: What lies ahead for oil prices?
Brent oil prices in July were up 14 per cent on the previous month, the biggest monthly increase since January 2022. Prices in August are trending about 3 per cent lower on the previous month as China demand worries weigh. China has also been drawing on record inventories amassed earlier this year as higher oil prices drive refiners in the world's biggest oil importer to scale back purchases, according to analysts quoted in the report.
26.08 / 13:53
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Awaiting India's response on dispute settlement mechanism in proposed investment protection pact: EU trade commissioner
European Union on Saturday said it is awaiting India's response to its proposal for setting up of a dedicated dispute settlement mechanism under the bilateral investment protection pact that is being negotiated along with an ambitious free trade agreement (FTA) by the two sides. The EU's Executive Vice-President and Commissioner for Trade Valdis Dombrovskis told a small group of journalists that both sides are engaged in «intensive» negotiations on the proposed FTA and that «progress» has been made on various issues. But at the same time the top EU official, currently on a visit to India, noted that there is «still a lot of work ahead of us». Asked when the FTA can be sealed, he said the main focus has been on «substance over deadlines». To a question, Dombrovskis said there is no direct impact of New Delhi's trade ties with Moscow on the India-EU trade negotiations, adding: «In a sense, we do not see new topics emerging which could be obstacles for the FTA in this context.» Dombrovskis also allayed New Delhi's concerns over its proposed carbon tax on imports of high-carbon goods like steel, iron ore and described it as «non-discriminatory» measure aimed at protecting the planet. Over four months back, the European Union announced its decision to impose the carbon tax on imports on imports of steel, aluminium, cement, fertilisers and electricity as part of its Carbon Border Adjustment Mechanism (CBAM). The CBAM that will come into effect from 2026 is aimed at achieving net zero greenhouse emissions by 2050. «Given that the CBAM is non-discriminatory and non-trade distorted, it doesn't really affect certain countries' producers' ability to export to the EU.
26.08 / 11:45
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EU looking at petroleum products made from Russian crude oil in India finding way to its market
petroleum products made from Russian crude oil in India finding way to the European market, saying it defies the purpose of the sanctions against Moscow that are aimed at reducing its ability to finance the war with Ukraine. The European Union's Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, said oil products processed from Russian crude oil are arriving at the European market in «large quantities» and the grouping is looking at ways to deal with it. In an interaction with a small group of journalists, the EU Vice President, currently on a visit to India, accused Russia of using its energy supplies, and food as «tools» of «war and manipulation» to continue its attack on Ukraine. On the issue of food, Dombrovskis cited Russia withdrawing from the Black Sea grain initiative and blocking Ukraine's export of food grain to the world market. Since Russia's invasion of Ukraine in February last year, the Western powers have imposed a series of sanctions on Moscow including a price cap on Russian oil by G7-plus nations, in order to reduce its ability to finance the war on Ukraine.
25.08 / 22:49
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AP Week in Pictures: Europe and Africa
Firefighters battle multiple wildfires in Greece, including one in the northeast that officials say is the largest recorded in the European Union.
25.08 / 22:49
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Dutch brewer Heineken sells its Russian operations for 1 euro, taking a 300-million-euro hit
Dutch brewer Heineken says it has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine
25.08 / 18:29
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Who were killed along with Wagner chief Yevgeny Prigozhin in crash? Check identities
Wagner Group chief Yevgeny Prighozin that crashed? Though the death of Prighozin has not been officially confirmed yet, he is presumed to be dead. Ten bodies have been recovered from the debris of the Embraer aircraft that crashed while flying from Moscow to St. Petersburg. Though the reasons for the crash are not yet clear, the aircraft came down near the village of Kuzhenkino Tver. Seven Wagner members and three crew members have been killed in the crash.
25.08 / 14:43
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'Absolute lie': Kremlin rejects Yevgeny Prigozhin killed on its orders
Kremlin on Friday dismissed rumours it orchestrated the death of Wagner chief Yevgeny Prigozhin, presumed dead in a plane crash two months after leading a mutiny in Russia. It also announced by decree that Russian paramilitary fighters will be obliged to swear an oath to the Russian flag, part of measures to rein in groups like Wagner in the wake of the uprising. Speculation the Kremlin may have been involved in the crash has swirled since Wednesday, when a private jet reportedly carrying Prigozhin crashed between Moscow and Saint Petersburg. The rumours have been voiced by Western countries, Kremlin critics and even suggested by some pro-Kremlin figures. Kremlin spokesman Dmitry Peskov described the incident as «tragic» to reporters on Friday and acknowledged public discourse around foul play and possible involvement of the authorities. «Of course, in the West, this speculation is being presented from a certain angle. All of this is an absolute lie,» Peskov said, urging patience and adding that ongoing probes would reveal facts around the fatal crash. Russian officials have opened an investigation into air traffic violations but have so far not disclosed details of the probe or the incident. President Vladimir Putin broke his silence on the crash Thursday, offering condolences to the families of the 10 people onboard and describing the incident as a «tragedy.» He said Prigozhin, who in June led an armed mutiny against Russia's military leadership, had made some «serious mistakes in his life» and had a «complicated fate.» — Suspicious timing — The short-lived but bloody unrest was seen by observers as having been the biggest threat to Putin's long rule. Moscow has not yet confirmed Prigozhin's death.
25.08 / 14:28
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Navalny, Prigozhin, Boris Nemtsov: Kremlin foes have faced early death, nerve agents, poison during Putin's reign
Yevgeny Prigozhin, when he lost his life ina plane crash, just two months after he led a rebellion towards Moscow, aiming to overthrow the Russian military leadership. There also have been reports of prominent Russian executives dying under mysterious circumstances, including falling from windows, although whether they were deliberate killings or suicides is sometimes difficult to determine. The attacks range from the exotic — poisoned by drinking polonium-laced tea or touching a deadly nerve agent — to the more mundane of getting shot at close range.
25.08 / 13:35
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Russia confirms first death in plane crash that killed Wagner chief, buzz around Prigozhin's demise continues
Reuters reported that the Russian investigators are yet to ‘confirm a genetic match’. An Embraer executive jet on which Prigozhin was listed as a passenger crashed in Tver region north of Moscow on Aug 23, according to Russia's Federal Air Transport Agency. Six other passengers were listed along with a crew of three, including pilot Alexei Levshin.
25.08 / 10:17
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Russia slams Biden for remarks on Wagner boss Yevgeny Prigozhin's plane crash
Joe Biden for expressing his lack of surprise that Wagner mercenary chief Yevgeny Prigozhin had been killed in a plane crash and cautioned that it was not appropriate for Washington to make such remarks.Biden on Wednesday said he was not surprised by reports about Prigozhin's death, adding that not much happens in the country that President Vladimir Putin is not behind. «I'm not surprised,» Biden said. «There is not much that happens in Russia that Putin is not behind, but I don't know enough to know the answer.» Russian Deputy Foreign Minister Sergei Ryabkov said such remarks illustrated Washington's disregard for diplomacy. «Still, it is not for the U.S.
25.08 / 05:21
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Yevgeny Prigozhin's death in plane crash: What will happen to Wagner group now?
Yevgeny Prigozhin was on the list of passengers on the plane that crashed on a flight from Moscow to St. Petersburg. A plane carrying three crew members and seven passengers that was en route from Moscow to St.
25.08 / 02:45
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Putin delivers mixed tribute to Wagner boss Yevgeny Prigozhin after deadly plane crash
Vladimir Putin sent his condolences to the family of Yevgeny Prigozhin on Thursday, breaking his silence after the mercenary leader's plane crashed with no survivors two months after he led a mutiny against army chiefs. Putin's comments, which suggested he harboured decidedly mixed feelings about Wagner's mercenary boss, were the most definitive yet on Prigozhin's fate. Before he spoke, the only official statement had come from the aviation authority which said Prigozhin had been on board the downed plane. Russian investigators have opened a probe into what happened, but have not yet said what they suspect caused the plane to suddenly fall from the sky northwest of Moscow on Wednesday evening. Nor have they officially confirmed the identities of the 10 bodies recovered from the wreckage. U.S.
25.08 / 02:11
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Prigozhin plane maker Embraer SA says it wasn't providing service, support to jet due to sanctions: report
Check out what's clicking on FoxBusiness.com
24.08 / 18:37
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Enlarged BRICS
BRICS group of countries, comprising Brazil, Russia, India, China and South Africa, has agreed to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE as new members. Concerns of BRICS gradually turning into an anti-West club have increased ever since Russia’s invasion of Ukraine and its “no-limits" partnership with China, which had been especially keen to expand membership. The group’s potential influence over global geopolitics has gone up.
24.08 / 17:39
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Putin's wrath or 'tragic' accident? Wagner chief's purported death in ‘suspicious’ plane crash sparks theories
Reuters. Putin is famously known as the leader who does not, would not forgive. In a report AFP recollected that when in 2018 Putin was asked if he was able to forgive people's mistakes, Vladimir Putin thought for a split second.
24.08 / 17:39
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Putin expresses 'condolences' over Prigozhin plane crash
MOSCOW : Russian President Vladimir Putin expressed his condolences on Thursday to the family of Wagner mercenary chief Yevgeny Prigozhin after his presumed death in a plane crash the day before and praised him as a "talented businessman". Crash investigators have still to conclusively identify the remains of the 10 people believed to have died in Wednesday's crash northwest of Moscow, and Putin said the examination would take time.
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