City Moscow Financial News

Investing.com — A strong consumer sentiment report — not one that would make the Fed particularly happy — gave the longs in oil an excuse to take some profit Friday on a market that’s run up more than many expected, with a second week of gains.

Russian President Vladimir Putin said the Wagner paramilitary group led by Yevgeny Prigozhin “simply doesn’t exist," as he moves to dismantle an organization that was critical to Moscow’s war effort in Ukraine before it turned on the Russian establishment in a short-lived mutiny last month. Putin’s comments, in an interview published late Thursday in Russian newspaper Kommersant, came days after Russia’s Defense Ministry said it had taken control of Wagner tanks, artillery and guns after its involvement in the biggest challenge to Putin in his 23 years in power.

The Russian and Chinese Central Bank must cooperate on CBDC regulation, the Russian Prosecutor-General has claimed.

Dmitry Kuleba «will make an emergency visit to Pakistan» in a few days ostensibly to discuss procurement of additional defence equipment as Kyiv runs short of ammunition in its war against Russia. Kuleba's trip will be the first big visit from Ukraine to Pakistan since the War and the issue of defence procurement is expected to figure high on the agenda, ET has learnt.

By Michelle Nichols

Mazagon Dock Shipbuilders with France's Naval Group, the report added. The ageing fleet of India's Russian-made platforms, Moscow's inability to perform maintenance work, and delays in India's indigenous manufacturing plans for parallel platforms have necessitated the two new defence deals. Details on the deal value are not known yet, Reuters said.

The Russian Central Bank could begin “real-world” tests on the digital ruble next month after parliament approved a key piece of CBDC legislation.

Reuters reported. Currently, the last two ships under the agreement are being loaded with cargo at the Ukrainian port of Odesa before the deadline. Moscow has made a significant request for the re-establishment of connectivity between the Russian agricultural bank, Rosselkhozbank, and the SWIFT international payment network.

Concerns are growing that Russia won't extend a United Nations-brokered deal that allows grain to flow from Ukraine to parts of the world struggling with hunger

The U.S. has imposed sanctions on the pro-Russian head of Serbian intelligence

Ukraine's Energy Minister says the catastrophic collapse of a dam in southern Ukraine has made Kyiv worried that Russia might stage an attack on the Zaporizhzhia nuclear power plant to foment panic and quell Ukrainian advances on the frontline

Russia’s war on Ukraine will top the agenda when U.S. President Joe Biden and his NATO counterparts meet on Tuesday and Wednesday

Kim Philby and his MI6 colleague Nicholas Elliot are back, this time on television. ‘A Spy Among Friends’ is coming to television. The cold war drama is full of intrigue and suspense. It is based on the real story to a great extent, but its elements are changed. Kim Philby was the most notorious Soviet double agent who despite being an MI6 agent, spied on Britain for years and sent secrets to Moscow for years. When his cover was blown up in 1963 and he was exposed, Philby fled to Moscow where he stayed till his death 25 years later. Nicholas Elliot was another MI6 agent who was a close friend of Philby. He was asked to secure the confession of the double agent after his cover was blown. Based on the bestseller by Ben McIntyre, the six-episode series depicts romance, thrills, treachery, and betrayal. It shows the delicate relationship between the two spies. It is still debated in the inner circle of MI6. Alex Carey has adapted ‘A Spy Among Friends’. Guy Pearce has portrayed Kim Philby whereas Damian Lewis has played Nicholas Elliot. Maxwell Martin plays the invented character Lily Thomas. ‘A Spy Among Friends’ can be watched on ITVX. It was shown on July 9 on ITV1.

Discover the implications of Russia's shift in cru... moreDiscover the implications of Russia's shift in crude oil trade towards India and China after its invasion of Ukraine.

(Reuters) — The foreign ministers of Russia and Turkey spoke by telephone on Sunday, a day after Ankara angered Moscow by sending five Ukrainian commanders home with President Volodymyr Zelenskiy in what Russia called a violation of a prisoner exchange agreement.

Bharat Petroleum Corporation Ltd (BPCL), Mangalore Refinery and Petrochemicals Ltd and HPCL-Mittal Energy Ltd as well as private refiners Reliance Industries Ltd and Nayara Energy Ltd continue to negotiate deals with Russia separately. The discounts could have been higher if state-controlled units, who account for roughly 60% of the 2 million barrels per day of Russian oil flowing into India, negotiated together.

President Volodymyr Zelensky brought home from Turkey on Saturday five former commanders of Ukraine's garrison in Mariupol, a highly symbolic achievement that Russia said violated a prisoner exchange deal engineered last year. Russia immediately denounced the release. Kremlin spokesman Dmitry Peskov said Ankara had promised under the exchange agreement to keep the men in Turkey and complained Moscow had not been informed.

Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.

Syria for the third day in a row this week, the U.S. military said. Tension between Russian and U.S.

Russian fighter jets have “harassed” American drones over Syria for the third day in a row this week, the U.S. military said. Tension between Russian and U.S. troops is not uncommon in Syria as both countries conduct patrols on the ground as well as overflights. Syria’s 12-year conflict has left half a million people dead and over 1 million wounded. The U.S. military said in a statement that Friday’s encounter lasted for about two hours during which three MQ-9 drones were “once again harassed” by Russian fighter aircraft while flying over Syria.

Russian and Syrian militaries were engaged in a six-day joint military training which ended on Monday, Rear Admiral Oleg Gurinov, head of the Russian Reconciliation Center for Syria, said earlier this week. Gurinov, in his remarks quoted by the Syrian state media earlier this week, expressed Moscow's apprehension regarding the drone operations conducted by the coalition led by the United States over the northern region of Syria.