City Moscow Financial News

Norway is rebuilding a dilapidated reindeer fence along its border with Russia in the Arctic to stop the animals from wandering into the neighboring country — costly strolls for which Oslo has to compensate Moscow over loss of grassland

By Mark Trevelyan

Merriam Webster, Psy Op stands for military operations usually aimed at influencing the enemy's state of mind through noncombative means Elon Musk's response came after a X user posted, "That didn't take too long." See the post here Elon Musk is known to never shy away from commenting on worldly controversial events, and his remark on the Wagner chief's death is no surprise either. Elon Musk's comments seem to reiterate what experts and western think tanks have opinied that the ‘accident’ was an assassination to avenge a mutiny that challenged President Vladimir Putin’s authority. Russia's Vladimir Putin has also remained silent as speculation swirled.

leadership of the country brings forward must be stopped. They have forgotten the word justice, and we will return it," Prigozhin said in an audio recording posted on Wagner’s social media on June 23. “Anyone attempting resistance will be considered a threat and immediately destroyed." The Wagner leader’s public appearances had been scant since he abandoned his insurrection on June 24 and was filmed leaving the southern Russian city of Rostov.

Also read: Wagner chief Yevgeny Prigozhin death rumours: How World is reacting to Russian mercenary chief possible demise Prigozhin was convicted of robbery and assault in 1981, and sentenced to 12 years in prison. When he got out, he opened a restaurant business in St. Petersburg in the 1990s.

Also read: Chandrayaan-3 Moon Landing Successful | LIVE Updates: NASA congratulates ISRO, says ‘glad to be partner in the mission' The world has responded to this development with a mix of speculation and commentary: President Joe Biden expressed a cautious response to the news, stating that he wasn't surprised with the news. Biden said, “I don’t know for a fact what happened, but I’m not surprised." He added, “There’s not much that happens in Russia that Putin’s not behind.

The leaders of Brazil, Russia, India, China and South Africa have held closed-door discussions on the possible expansion of their BRICS economic bloc

Yevgeny Prigozhin, the head of the Russian mercenary Wagner Group who led an aborted revolt against President Vladimir Putin earlier this summer, was listed as a passenger on a private jet that crashed north of Moscow on Wednesday, Reuters, BBC and The Associated Press reported.

MOSCOW (Reuters) — Russian mercenary chief Yevgeny Prigozhin was listed as a passenger on a private jet which crashed on Wednesday evening north of Moscow with no survivors, the Russian authorities said.

Brics this week to air their grievances against Western powers, present themselves as defenders of developing economies and set out the case for an alternative international order. Russian President Vladimir Putin, addressing the South African summit by video, accused the West of provoking everything from the war in Ukraine and global inflation to hunger in the world’s most vulnerable countries by hampering Russian grain and fertilizer sales through sanctions.

Moscow to St. Petersburg crashed Wednesday, killing all 10 people on board, Russian emergency officials said.

MOSCOW (Reuters) — Insurance companies have notified charterers of ships operating in Russia's Black Sea ports of an increase in additional payments known as «war risk premiums», four traders said.

By Alexander Marrow

An ambitious but failed attempt by Russia to return to the moon after nearly half a century has exposed the massive challenges faced by Moscow’s once-proud space program

Poland's President Andrzej Duda confirmed Tuesday that Russia has begun shifting some short-range nuclear weapons to neighboring Belarus, a move that he said will change the security architecture of the region and the entire NATO military alliance. Both Russian President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko said last month that Moscow had already shipped some of its tactical nuclear weapons to Belarus after announcing the plan in March. The U.S.

Luna-25 probe, which crashed onto the surface of the moon over the weekend, reflects the endemic problems that have dogged the Russian space industry since the 1991 collapse of the Soviet Union. Those include the loss of key technologies in the post-Soviet industrial meltdown, the bruising impact of recent Western sanctions, a huge brain drain and widespread corruption.Yuri Borisov, the head of the state-controlled space corporation Roscosmos, attributed the failure to the lack of expertise due to the long break in lunar research that followed the last Soviet mission to the moon in 1976. «The priceless experience that our predecessors earned in the 1960-70s was effectively lost,» Borisov said.

MOSCOW (Reuters) — Russian President Vladimir Putin said on Tuesday that inflationary risks were rising and he told the government and central bank to keep the situation under control.

crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world's biggest and third-biggest oil importers, cut imports from Russia and Saudi Arabia in July after prices rose and as the two oil producers reduced output and crude oil shipments. Saudi Arabia volunteered to cut output by another 1 million barrels per day (bpd) from July through September, and Russia will reduce exports in August by 500,000 bpd, part of a deal among members of the Organization of the Petroleum Exporting Countries and its allies, a grouping know as OPEC+, to curb supplies and support prices. India's overall imports also declined 5.2% from June to 4.4 million bpd oil in July, the data showed, as several refining plants are shut for maintenance during monsoon season.Russian oil imports declined 5.7% to 1.85 million bpd and Saudi shipments fell by 26% to 470,000 bpd, the data showed. India imports more than 80% of its overall oil needs. Indian refiners that have been diversifying their oil import sources to cut costs began snapping up Russian oil at a discount as some Western companies stopped purchasing from Moscow following its invasion of Ukraine in February 2022. India's import of Russian oil may now decline further in August and September, however, as refiners plan maintenance at their plants and as Russian crude prices are above the $60-a-barrel ceiling imposed by the European Union and G7 economies after spot discounts shrank, sources said. Russia was still the top oil supplier to India in July, though, followed by Iraq and Saudi Arabia.

Moscow have suspended arrivals and departures today, Tuesday, August 22 after the Russian military brought down four Ukrainian drones near Moscow and over the Bryansk region that borders Ukraine, according to a report published by TASS News. Reuters reported that one of the drones was shot down over Krasnogorsk, a town outside Moscow, that hosts the Moscow regional government. Russia's defense ministry confirmed that there were no injuries in the latest attack.

Moscow region, the city's mayor said on Tuesday. «Air defence shot down two attack drones. One in the Krasnogorsk area, the other in the Chastsy area,» said Sergei Sobyanin on Telegram, adding that emergency services were responding. He did not give details on damage or casualties. Russia's defence ministry reported two Ukrainian drones had been downed over the Moscow region, adding there had been no casualties. Air traffic at Moscow's Vnukovo, Sheremetyevo and Domodedovo airports had been briefly halted, the TASS news agency earlier quoted an aviation service source as saying. «Glass damage was recorded on several floors» in a multi-storey residential building in Krasnogorsk," the agency said, without specifying whether it was the result of a drone strike. «Several cars parked near the house were also damaged.» Two Ukrainian drones were downed over the Bryansk region near the Ukrainian border, Moscow's defence ministry said on Telegram, adding there were no casualties. In recent weeks, two drone attacks were repelled over Moscow's financial district, each causing minor damage to the facades of high-rise buildings.

BRICS group of countries starts on Tuesday in South Africa, the only add-on member of what began as a quartet of Brazil, Russia, India and China, which formed the original ‘BRIC’ coined by Goldman Sachs two decades ago by clubbing together hot emerging markets for global investors to bet on. Such summitry has been a regular feature since 2009, and its most notable achievement has been the Shanghai-based New Development Bank set up by the group as a multilateral lender, an alternative to the West-led World Bank and International Monetary Fund. What’s new is the context: a geopolitical upheaval is underway in the post-Ukraine-war world.