City Moscow Financial News

21.07 / 17:39

UPS Target Reuters country week Oil up 4th week on Russia saber-rattling, OPEC rhetoric

Investing.com — OPEC’s bid for $80 and above oil got a boost from ally Russia this week as Moscow’s increasingly desperate offensives against Ukraine raised supply concerns in a market already besieged by the oil cartel’s rhetoric over cuts.

21.07 / 11:55

COST Target Reuters Williams show Russian central bank surprises with sharper-than-expected rate hike to 8.5%

MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by a greater-than-expected 100 basis points to 8.5% on Friday, raising the cost of borrowing as the weak rouble added to inflation pressure from a tight labour market and strong consumer demand.

21.07 / 11:35

UPS Citi Provident Target Southern country Russia aims missiles at Ukraine's farm storage after days of hitting port facilities

Black Sea port infrastructure. Hours later, seven Russian missiles also damaged what officials described as an «important infrastructure facility» southwest of the port city of Odesa, in what appeared to be part of an ongoing Kremlin effort to cripple Ukraine's Black Sea food exports. Officials did not immediately provide details of that attack.

21.07 / 11:05

COST Reuters show Russian central bank hikes key interest rate by 100 bps to 8.5%

central bank raised its key interest rate by 100 basis points to 8.5% on Friday, raising the cost of borrowing as the weak rouble stoked inflationary risks from a tight labour market and strong consumer demand. It was the first time the bank had lifted rates in more than a year, having gradually reversed an emergency hike to 20% made in late February last year after Russia's decision to send tens of thousands of troops into Ukraine, which saw the West impose sanctions on Moscow. It had previously held rates at 7.5% since the last cut in September.

21.07 / 10:53

UPS Citi Waters Telegram Enterprise Southern show Russia hits Ukraine's grain for fourth day and practises seizing ships in Black Sea

By Olena Harmash

21.07 / 10:17

FIVE Fighting Assurant stage Russia to expand number of men liable for compulsory military service

Russia will keep compulsory military service for 18-year-olds, state media reported on Friday, permanently increasing the number of young men liable to conscription, after lawmakers dropped a proposal not to start before the age of 21. All men in Russia are currently required to do a year's military service between the ages of 18 and 27, or equivalent training while in higher education.Andrei Kartapolov, a former general who chairs the defence committee of the lower house of parliament, or State Duma, had proposed that the conscription period be pushed back in stages to ages 21-30.

20.07 / 23:47

COST Waves Target Action Battlefield electronic US imposes new sanctions aimed at choking off Russia's access to battlefield supplies and revenue

The U.S. has imposed sanctions on roughly 120 firms and people in an effort to choke off Moscow’s access to products, money and financial channels that support its continued invasion of Ukraine

20.07 / 21:17

UPS Target Platform Oil: Yo-yo trade continues as Saudi cuts offset by weak U.S. fuel demand

Investing.com — Down one day and up the next: The yo-yo trade in oil continues as Saudi production cut pledges are being mitigated by weak gasoline demand in the United States — despite the advent of summer travel, which typically sees a surge in fuel consumption.

20.07 / 17:25

UPS Citi Provident show country Wagner Training Russia's Wagner mercenaries launch joint training with Belarusian military near Poland's border

Mercenaries from Russia’s military company Wagner have launched joint drills with the Belarusian military almost a month after their short-lived rebellion

20.07 / 16:15

Provident Cooper Citizens Manufacturing Platform country social Future BRICS Nuclear medicine experts brainstorm in Moscow for future solutions

BRICS Expert Forum on Nuclear Medicine was recently held in Moscow. The Forum brought together over 200 representatives from Russia, Brazil, India, China and South Africa.

20.07 / 09:59

Extreme country Drop India's oil & gas import bill contracts 33% y-o-y in April-June quarter as prices drop

India’s oil and gas import bill contracted by a third from a year earlier to $35 billion in the April-June quarter as prices sharply dropped, as per the oil ministry data. Crude oil worth $31.4 billion was imported during the April-June period, lower than $48.1 billion in the same period last year. The volume of oil imports marginally reduced to 60.1 million metric tonnes (mmt) in the first quarter from 60.7 mmt in the same period last year.

20.07 / 02:33

Citi Target FIVE Telegram 9 wounded after Russian strike on Ukraine's Mykolaiv: governor

Mykolaiv, the local governor said early Thursday. «Russians hit the city centre. A garage and a 3-story residential building are on fire,» governor Vitaliy Kim wrote on Telegram.

20.07 / 01:41

Provident Target Fighting Southern country Russia warns ships in Black Sea, Ukraine to create temporary grains export route

Russia warned that ships sailing to Ukraine's Black Sea ports from Thursday will be seen as potential military targets, days after its withdrawal from a safe-passage deal that threatens to worsen global food supplies. Ukraine said on Wednesday it was establishing a temporary shipping route via Romania, one of the neighbouring Black Sea countries. «Its goal is to facilitate the unblocking of international shipping in the north-western part of the Black Sea,» Vasyl Shkurakov, Ukraine's acting minister for communities, territories and infrastructure development, said in a letter to U.N.

20.07 / 01:17

UPS Citi BLOCK Corning show country exit Deal Russia puts Black Sea ships on alert following exit from grain deal: Report

AFP further reported. In response, the Russian defence ministry stated that any ships travelling to Ukrainian ports in the Black Sea would be treated as possible carriers of military cargo. Furthermore, the flag states of these vessels would be considered as taking part in the Ukrainian conflict on the side of the Kyiv regime.

19.07 / 17:57

UPS Provident MET Reuters country cover Russia warns against any ships traveling to Ukraine from Thursday

Russia warned that from Thursday any ships traveling to Ukraine's Black Sea ports will be seen as possibly carrying military cargoes after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports. The moves by both countries on Wednesday came just days after Russia quit a deal — brokered by the United Nations and Turkey — that allowed the safe Black Sea export of Ukraine grain for the past year, and revoked its guarantees of safe navigation.

19.07 / 17:09

Waters Telegram country Russia to deem Ukraine-bound ships 'potential carriers of military cargo' from Wednesday eve

(Reuters) — Russia's Defence Ministry said on Wednesday it would deem all ships travelling to Ukrainian ports to be potential carriers of military cargo and their flag countries to be parties to the conflict on the Ukrainian side.

19.07 / 13:15

Fallout country South Africa says Putin will skip a summit next month because of his ICC arrest warrant

South Africa says Russian President Vladimir Putin will not attend an economic summit in Johannesburg next month

19.07 / 13:15

Citi Target Telegram Highways Southern Shell country Deal Russia hits critical port facilities in Odesa after Kremlin halts grain deal

Russia unleashed intense overnight drone and missile attacks that officials said damaged critical port infrastructure in southern Ukraine, including grain and oil terminals, and wounded at least 12 people

19.07 / 10:55

UPS Google Action Reddit social Fine NOT Reddit faces first fine in Russia for not deleting 'banned content'

Social media site Reddit faces being fined for the first time in Russia for not deleting «banned content» that Moscow says discredits the Russian army, the Interfax news agency reported on Wednesday, citing a Moscow court. Reddit joins a list of sites under scrutiny in Russia for failing to remove content that Moscow deems illegal, including Wikimedia, streaming service Twitch, and Google.

19.07 / 07:47

Citi Target Telegram Fighting Southern Russia strikes Ukraine's Odesa port in 'hellish' attack, says official

By Nick Starkov

19.07 / 07:23

UPS CBDC Digital Cooper Ruble Russian CBDC ‘to Roll Out in 2025’ – Could Banks Accelerate Digital Ruble Launch?

Russian experts think the Central Bank will roll out its digital ruble by 2025, with the nation’s biggest banks expressing their eagerness to work with the central bank digital currency (CBDC).

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