City Moscow Financial News

17.08 / 06:29

UPS CBDC Binance Digital Platform Kazakhstan Takes Another Step Closer to CBDC Launch – Digital Tenge on Its Way?

Kazakhstan is edging closer to the “launch” of a CBDC, making it the latest former Soviet nation to announce its foray into the digital fiat sphere.

17.08 / 06:25

UPS Lowe's FIVE Reuters Speculation Rouble weakens past 95 vs dollar amid capital controls speculation

(Reuters) — The Russian rouble weakened past 95 against the dollar on Thursday, in a volatile week filled with speculation over how the authorities might stabilise the currency after a 350-basis-point rate hike seemed to have a limited effect.

17.08 / 05:21

Provident Cooper Williams Racing Strategy Warning Chinese defence minister's warning: 'Playing with fire on Taiwan question...'

William Lai for making stopovers in the United States calling him a «troublemaker», China’s Defence Minister Li Shangfu on Tuesday cautioned against “playing with fire” when it comes to Taiwan, Chinese Defence Ministry reported. In an apparent attack at the US, Li cautioned any attempts to “use Taiwan to contain China,” and said it would “surely end in failure,” China's defence Ministry said in a statement and Xinhua news Agency quoted.

16.08 / 19:51

Provident US says working to identify alternative paths for Ukraine grain exports

By Humeyra Pamuk and Daphne Psaledakis

16.08 / 19:05

Citi Target Action Battlefield US slaps sanctions on entities over alleged arms deals between North Korea, Russia

WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on three entities it accused of being tied to arms deals between North Korea and Russia as Washington cracked down on those seeking to support Russia's war in Ukraine.

16.08 / 18:13

UPS Citizens country electronic Swiss Swiss government lines up behind EU's 11th round of sanctions against Russia

Switzerland’s government has lined up with the European Union’s 11th round of sanctions against Russia over its war in Ukraine

16.08 / 18:13

COST UPS Target Fighting Southern foreign Russia hits Ukrainian grain depots again as a foreign ship tries out Kyiv's new Black Sea corridor

Officials say Russia has resumed its targeting of grain infrastructure in Ukraine’s southern Odesa region, using drones in overnight strikes on storage facilities and ports along the Danube River

16.08 / 12:19

UPS FIVE Reuters RBC country Russia could reintroduce compulsory sale of FX revenues 'at any moment' -source

By Elena Fabrichnaya, Gleb Stolyarov and Anastasia Lyrchikova

16.08 / 11:17

COST Progressive Strategy country classical Ruble Russia’s Central Bank Can’t Stop Ruble Trouble

Russia’s currency crisis might not follow the classic emerging-market template: Rather than a sharp depreciation stemmed by painful interest-rate rises, we are more likely to see a slow but inexorable decline. The Bank of Russia raised borrowing costs from 8.5% to 12% Tuesday in an attempt to stop a slide in the ruble. A day earlier, $1 briefly bought as much as 102 rubles, prompting rate setters to call an emergency meeting.

16.08 / 06:37

COST UPS Provident Fighting Corning country As the Black Sea becomes a battleground, one Ukrainian farmer doesn’t know how he'll sell his grain

Ukrainian farmer Victor Tsvik has harvested his wheat this month but exorbitant logistics costs and Russia’s blockade of the ports has made shipping grain too expensive for him

16.08 / 02:15

COST UPS CEO Fighting country social Ruble Russia's central bank makes huge interest rate hike to try to prop up falling ruble

Russia’s central bank has made a big interest rate hike in an emergency move designed to fight inflation and strengthen the ruble

15.08 / 18:17

COST UPS Provident Fighting Corning country As the Black Sea becomes a battleground, one Ukrainian farmer doesn’t know how he'll sell his grain

Ukrainian farmer Victor Tsvik has harvested his wheat this month but exorbitant logistics costs and Russia’s blockade of the ports has made shipping grain too expensive for him

15.08 / 16:39

Blockchain Citi Digital Citizens Mobile country electronic Ruble Russia launches test phase for digital ruble

Russia launched the test phase of a digital ruble on Tuesday, in a bid to limit the impact of international sanctions imposed following its offensive in Ukraine. «On August 15, the tests of operations with real digital rubles began,» Russia's central bank told AFP. The trial phase involves 13 other banks and 600 individuals who can make payments at 30 sales points in 11 Russian cities, it added.

15.08 / 15:27

UPS Waves Target Reuters Action Fighting country ASX-listed Russian coal miner fights sanctions, taps China

A Russian coal miner listed on the ASX will keep digging and shipping coal from Siberia to China despite the Foreign Affairs Department advising they are “likely” to be in breach of Australian sanctions imposed following Vladimir Putin’s invasion of Ukraine.

15.08 / 14:55

Provident Platform FLEX show country Poland displays military might in huge parade as elections loom

Poland's biggest military parade since the Cold War took place in Warsaw on Tuesday, as the NATO-member country flexes its military muscle in what the government hopes will be both a message to Moscow and to voters ahead of elections in October. Russia's invasion of Ukraine has made boosting the armed forces a priority for Poland's ruling nationalists Law and Justice (PiS), and with the election campaign in full swing the immense display of military hardware provided a chance to burnish their security credentials.

15.08 / 13:41

COST UPS CEO Fighting country social Ruble Russia's central bank makes huge interest rate hike to try to prop up falling ruble

Russia's central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine. The ruble has lost more than a third of its value since the beginning of the year as Moscow increases military spending and Western sanctions weigh on its income from energy shipments. The flagging currency does not mean the Russian economy is in freefall — though it is facing challenges, including rising prices for households and businesses, according to analysts who study Russia.

15.08 / 12:29

Russia Ukraine Ukraine war Ruble Russia’s central bank hikes interest rate to 12% as ruble dips

Russia’s central bank made a big interest rate hike of 3.5 percentage points on Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine.

15.08 / 12:01

UPS Action Gap RIG country Why tensions have been growing along NATO's eastern border with Belarus

Poland is deploying thousands of troops to its border with Belarus, calling it a deterrent move as tensions between the two neighbors ratchet up. Those tensions between Poland — a NATO and European Union country — and Belarus, which is Russia's ally in its war on Ukraine, have been building up in recent months on the border.

14.08 / 17:17

Waters Dreams Chase Russia says scrambled jet to intercept Norwegian aircraft nearing border

Russia announced Monday that it had dispatched a MiG-29 fighter jet to «prevent a violation» of its border by a Norwegian military patrol aircraft over the Barents Sea. «As the Russian fighter approached, the foreign military plane made a U-turn away from the borders of the Russian Federation,» the Russian defence ministry said. «There was no violation of the border,» the statement added, identifying the Norwegian aircraft as a P-8A Poseidon patrol plane. The defence ministry said its flight was carried out in accordance with international rules, «without crossing air routes or making dangerous rapprochement.»NATO member Norway shares a land border with Russia as well as a maritime border in the Barents Sea.

14.08 / 16:55

UPS country reports Russia's Alrosa reports strong diamond sales despite sanctions

LONDON (Reuters) — Sanctions-hit Alrosa kept diamond sales in the first half of 2023 at the year-ago levels, the Russian company said on Monday as it reported financial results for the first time since Moscow's 2022 invasion of Ukraine.

14.08 / 16:07

COST UPS Puzzle BCS Russian stocks retreat from pre-invasion high as rouble rebounds

By Alexander Marrow

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