Russia Financial News

Alexei Navalny, Russia’s foremost opposition leader, in a Siberian gulag on February 16th. The next day Ukraine’s army withdrew from the town of Avdiivka, handing Mr Putin his first military victory in almost a year. America’s Congress, meanwhile, showed no sign of passing a bill to dispense more military aid to Ukraine, which is starved of ammunition and therefore likely to suffer more setbacks on the battlefield.

Top NATO and European Union officials are urging industrialized nations to take quick and concrete steps to provide more air defense systems to Ukraine

Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles

Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine

European Union leaders debated at a summit in Brussels a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals

It's a full agenda for Ajay Banga as he nears the end of his first year as World Bank president

Russian Ministry of Internal Affairs officials took a $53.2 million Bitcoin and ETH bribe from a crypto exchange executive, a major newspaper in the country claimed this week.

Nirmala Sitharaman said challenges to the Indian economy may be mounting and the country will have to be ready to respond with the kind of agility that it did after the Covid-19 pandemic and soon after the Russia-Ukraine war started. The authorities are keeping a watch and the chief economic adviser is looking at various indications of what could be coming, she said in an interview. Tesla chief Elon Musk's impending visit to meet Prime Minister Narendra Modi is a recognition of the high-tech manufacturing ecosystem that's been established in India by top companies, she said. Sitharaman said everything in the BJP's manifesto is clearly worked out with a sense of responsibility that taxpayers' money should be used efficiently.

India is prepared to take adequate steps to mitigate any impact of the Iran-Israel conflict on its economy and will «remain alert», Finance Minister Nirmala Sitharaman said on Thursday. «Can't say that we are fully ready. As developments unfold, we are preparing to take adequate steps in India's interests,» Sitharaman told the CNBC Awaaz news channel in an interview. The conflict has not yet significantly impacted global oil prices. However, any escalation of tension in the oil-rich middle east could raise India's oil import bill. India is the world's third biggest oil importer, and ships in about 85% of its oil needs from overseas.

Speaker Mike Johnson is forging ahead to pass a bill to support Ukraine, Israel and Taiwan, despite threats from his right rump to topple him. He’s correct on the policy merits, and he deserves support from Members of both parties given what a potential Ukrainian defeat would mean for U.S. national security.

₹1 change in gross marketing margin substantially impacts the Ebitda (earnings before interest, taxes, depreciation, and amortization) margins of oil PSUs by over 20%. Increased LNG prices or supply shortages would adversely affect gas companies like GAIL, Petronet LNG, and city gas distributors such as Gujarat Gas, IGL, and Mahanagar Gas. Additionally, the windfall tax limits profit margins for producers like ONGC and OIL, capping net realizations at around $75 per barrel.

Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and interest rates higher on a scale not seen in decades. The International Monetary Fund on Tuesday described an "adverse scenario" in which an escalation of conflict in the Middle East would lead to a 15% jump in oil prices and higher shipping costs that would hike global inflation by about 0.7 percentage points.

A Ukrainian lawmaker is set to stand trial after allegedly trying to bribe a government official with $10,000 worth of Bitcoin, anti-corruption officials said on April 16.

Georgia’s parliament has voted in the first reading to approve a proposed law that would require media and non-commercial organizations to register as being under foreign influence if they receive more than 20% of their funding from abroad

Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices

Pavel Durov, founder of the encrypted instant messaging app Telegram, believes that growing government surveillance will drive innovation in secure communication, modeled on cryptocurrency hardware wallets.

Paris, while France will get a major host-nation bump from eighth to third, according to a forecast 100 days out from the opening ceremony. The Gracenote virtual medals table, which is compiled using results data from key global and continental competitions since the Tokyo Olympics, has the U.S. on top both on gold medal count (39) and total medal count (123). The U.S. will host the next Olympics after Paris in Los Angeles in 2028.

The rupee has fallen to a new low of 83.5 against the dollar. This has wide ramifications, making exports lucrative but imports expensive. Mint looks at why the currency is falling, how it impacts everybody and what can RBI do.

UK's March inflation print underscored market uncertainty about when BoE policymakers led by Governor Andrew Bailey will be able to ease off on the highest interest rates in 16 years. However, UK inflation is still higher than the BoE's two per cent but the direction of the downtrend is clear, said analysts. While UK has lifted rate cut hopes.

Global regulators proposed a package of measures to ensure hedge funds and other investors from outside the banking sector are better able to cope with margin and collateral calls in times of market stress.

Defence Secretary Lloyd Austin and and his Chinese counterpart Dong Jun held talks in nearly 18 months and discussed US-China defence relations and regional and global security issues, the Pentagon said. In the meeting held via videoconference on Tuesday, Austin stressed the importance of keeping military-to-military communication lines between the US and China open, it said. It is the first time since November 2022 that Austin has held talks with his Chinese counterpart when he spoke with the then defence minister of China Wei Fenghe in Cambodia. Dong was appointed China's Defence minister in December. China then named General Li Shangfu as its defence minister.