Russia Financial News

The French foreign minister has pressed China on trade issues and the war in Ukraine ahead of a planned visit to France by Chinese leader Xi Jinping later this spring

When the French Riviera town of Menton prepares to host its lemon festival each year, it needs more than 140 tons of citrus for the showy floats and park displays that attract thousands of spectators

Premier League club Everton has reported losses of 89.1 million pounds ($112.5 million) in its latest accounts

Zircon missiles to attack Kyiv since the start of the year, the city's military administration said on Monday. The attacks are among more than 180 Russian missile and drone attacks launched against the Ukrainian capital in the first three months of the year, the administration said in a post on Telegram. The sea-based Zircon missiles have a range of 1,000 km and travel at nine times the speed of sound, Russia says. Military analysts have said the missiles' hypersonic speed could mean greatly reduced reaction time for air defences and a capability to attack large, deep and hardened targets.

Havana Syndrome symptoms experienced by US diplomats in recent years have been linked to a Russian intelligence unit, according to a joint media investigation released Monday. Havana Syndrome was first reported in 2016 when US diplomats in Cuba's capital reported falling ill and hearing piercing sounds at night, sparking speculation of an attack by a foreign entity using an unspecified sonar weapon.

Mai apke ghar ka naam badal dun to mera ghar ban jayega kya? [If today I change the name of your house, will it become mine]." ALSO READ: US recognises Arunachal Pradesh as Indian territory, strongly opposes ‘unilateral attempts by China’, says official Jaishankar emphasised that "Arunachal Pradesh was, is and will always be a state of India". He said changing names does not have an effect. When asked about claims of alleged encroachments by China in Ladakh, Jaishankar said, “Our army is deployed there (Line of Actual Control)...they know what they need to do." Meanwhile, Ladakh-based climate activist Sonam Wangchuk alleged that China has encroached upon Indian territory.

MOTYZHYN, Ukraine—Two years ago, Ukrainian soldiers who retook this village near Kyiv from Russian invaders found the bodies of the mayor, her husband and their son buried in a shallow grave with bullet holes in their chests and heads. These days the front line is hundreds of miles away, to the east and south, with the war in a violent deadlock. But the village is adapting for a long war.

NEW DELHI : Rating agency Icra Ltd credited the Indian government’s spending on infrastructure, apart from promising macroeconomic conditions and relatively stable commodity prices, for the country’s robust economic growth amid a sea of challenges. Icra joined the bandwagon of rating agencies predicting robust growth for India’s economy, which it said faced multiple challenges including inflation, rise in borrowing costs, sub-par monsoons, sluggish exports, the Red Sea crisis, and the effects of the Russia-Ukraine and Israel-Palestine conflicts.

Tinkoff Bank, one of Russia’s biggest banking players, has won a license to issue and sell “digital financial assets” (DFAs) in the country.

S Jaishankar on Monday said that India's national security interests are involved in its investigation into the alleged involvement of a government official in the assassination plot aimed at Khalistani extremist Gurpatwant Singh Pannun. As reported by PTI, Jaishankar while replying to a question about US Ambassador to India Eric Garcetti's statement that the involvement of a government official in an assassination bid on the citizen of another country is an “unacceptable red line", said, “It is something we are investigating as we believe our own national security interests are involved in that investigation." Also Read: Katchatheevu row: Jaishankar says ‘6,184 fishermen, 1,175 vessels detained by Sri Lanka in 20 years’ Jaishankar further noted that the US ambassador will say what he feels is the thinking or position of his government.

Putin has signed a decree setting out the routine spring conscription campaign, calling up 150,000 citizens for statutory military service, a document posted on the Kremlin's website showed on Sunday. All men in Russia are required to do a year-long military service, or equivalent training during higher education, from the age of 18. In July Russia's lower house of parliament voted to raise the maximum age at which men can be conscripted to 30 from 27. The new legislation came into effect on Jan. 1, 2024.

Oil prices edged down slightly on Monday, holding on to most of their recent gains amid expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries and upbeat Chinese manufacturing data. Brent crude fell 17 cents, or 0.2%, to $86.83 a barrel by 0017 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.06 a barrel, down 11 cents, or 0.1%, following a 3.2% gain last week.

Gold prices touched a record high on Monday after data showed that U.S. inflation moderated in February, boosting bets for the Federal Reserve's June interest rate cut. FUNDAMENTALS * Spot gold rose 1% at $2,255.39 per ounce, as of 0103 GMT. Bullion hit a record high of $2,256.09 per ounce earlier in the session.

Reuters, the opposition emerged as a strong political force, with Istanbul Mayor Ekrem Imamoglu solidifying his position as Erdogan's main rival. Imamoglu led by a significant margin in the mayoral race in Istanbul, Turkey's largest city, with the Republican People's Party (CHP) also securing victories in Ankara and 15 other cities.

David Petraeus says the risk of a terror attack in Canada is “elevated” following an attack at a concert hall in Moscow that left 139 dead last week, for which an ISIS splinter group claimed responsibility.Petraeus told The West Block host Mercedes Stephenson that an attack of such a scale makes the current state of extremism and global instability “very worrisome.”“What actually keeps me awake at night… is the fact that we face more threats and more complex threats than we have at any time since the end of the Cold War, if not the end of World War Two,” said Petraeus, who is a former director of the U.S. Central Intelligence Agency.An Islamic State group known as ISIS-K has since claimed responsibility for the attack in Moscow that killed 139 people and left nearly 200 more injured.

Sebastien Lecornu said France is to deliver «hundreds» of armoured vehicles by the beginning of next year to Ukraine as part of a new package of military aid for the country that just entered its third year since the Russian invasion. In an interview with the French newspaper La Tribune's Sunday edition, Lecornu said that «to hold such an extensive front line, the Ukrainian army needs, for example, our armoured personnel carriers. It's absolutely key for troop mobility». The French military is currently replacing its old VAB armoured personnel carriers that started being used in 1979 by a new generation of armoured vehicles. «This old equipment, still operational, is going directly to Ukraine in large quantities. We're talking about hundreds (of vehicles) in 2024 and early 2025,» Lecornu said. Lecornu also said France will provide Ukraine with more anti-aircraft missiles.

CBI) has recorded the statements of the family members of Azad Yousuf Kumar, a Kashmiri man who was allegedly unwittingly thrust into the Russia-Ukraine conflict after being deceived. The agency recorded their statements recently after filing an FIR against 19 people and visa consultancy firms linked to the exploitation of Indian youth. Azad's elder brother Sajad Ahmed Kumar told PTI that the CBI questioned him about his brother's situation and wanted his presence at their New Delhi office. However, he was unable to comply due to current financial circumstances. Sajad also said the families of 12 other affected Indian men have been contacted by the CBI and they emphasised their desire for the safe return of their loved ones.

Also Read: Expert View | Oil market oversupplied with high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran -In April 2023, OPEC+ announced oil production cuts of around 1.16 million barrels per day (bpd) in a surprise decision. The shock cut, led by Saudi Arabia, immediately drove crude oil prices 8 per cent higher to $83.95 per barrel, which at the time - was the highest rise in more than a year then. The voluntary cuts started from May 2023 and were put in place to last until the end of the year.

The largest uranium producer in the United States is ramping up work at a mine less than 10 miles from the rim of the Grand Canyon

Sukhoi Su-27 fighter jet was mistakenly downed by Russian forces over Crimea, as reported by Ukraine. The mishap occurred over the annexed peninsula, with Ukraine's Navy spokesman, Dmytro Pletenchuk, emphasizing the role of «the human factor» where an operator, driven by the prospect of receiving a medal, failed to verify the aircraft's allegiance. The incident was initially reported by Mikhail Razvozhayev, the Moscow-appointed leader in Sevastopol, who mentioned that a Russian warplane «crashed» off the Crimean coast. He confirmed that the pilot had safely ejected and was subsequently rescued. Footage shared on Russian Telegram channels depicted the aircraft ablaze during its descent, along with the pilot's parachute, according to a Newsweek report. The Crimean Wind Telegram channel suggested that the aircraft was accidentally shot down after departing from the Belbek military airfield. Pletenchuk's confirmation on television reinforced the narrative that the aircraft was indeed Russian and was destroyed by friendly fire due to an overzealous operator's mistake.

The executive board of the International Monetary Fund has confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion