Russia Financial News

European Union (EU) lawmakers have taken decisive action to bolster efforts to tackle sanctions violations, including those involving cryptocurrencies.

Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11.

By Katya Golubkova

second straight Democratic nomination Tuesday and set up an all-but-certain rematch with the predecessor he blames for destabilizing the country. Biden became his party's presumptive nominee when he won enough delegates in Georgia. That pushed Biden's count past 1,968 for a majority of delegates to the Democratic National Convention in Chicago this August, where his nomination will be made official.

By Guy Faulconbridge and Lidia Kelly

United Arab Emirates — China, Iran and Russia have begun a joint naval drill in the Gulf of Oman, a crucial waterway near the mouth of the Persian Gulf, officials said Tuesday. Footage aired by Chinese state television and a video released by the Russian navy showed the ongoing drill, known as «Marine Security Belt 2024.» China sent the guided-missile destroyer Urumqi and the guided-missile frigate Linyi to the exercise. Russia's forces are being led by the Varyag, a Slava-class cruiser.

The European Union’s executive arm says it will recommend that member countries open accession negotiations with Bosnia-Herzegovina

The shortened version of the international broadcast of the 96th Oscars has faced harsh criticism in Ukraine for omitting the segment announcing the documentary feature category, which went to Mstyslav Chernov’s “20 Days in Mariupol.”

Russia's economy is holding up despite massive Western sanctions and foreign businesses pulling out of the country

Russian officials say Ukrainian long-range drones have smashed into two oil facilities deep inside Russia

Also Read: Hyderabad's Chaithanya Madhagani murdered in Australia by spouse; body dumped in bin, details here Even after India's independence on August 15, 1947, Hyderabad did not get independence and continued to remain under the rule of the Nizams for 13 months, the Union Home Ministry said in a notification on Tuesday. The city was liberated from Nizam's rule on September 17, 1948, after a police action namely 'Operation Polo'. Also Read: ‘Owaisi represents 140 crore Indians, not just minorities’, says Telangana CM Revanth Reddy "Now to remember the martyrs who liberated Hyderabad and to infuse the flame of patriotism in the minds of youth, the Government of India decided to celebrate the 17th day of September every year as 'Hyderabad Liberation Day'," the notification read.

United States is preparing a new military aid package for Ukraine that could be worth as much as $400 million, two U.S. officials told Reuters on Tuesday, the first such move in months as additional funds for Kyiv remain blocked by Republican leaders in Congress. The officials, speaking on condition of anonymity, said an announcement was expected later on Tuesday. One of the officials said that the funding for this package is from credits refunded to the Pentagon for recent purchases.

India negotiate lower prices for Russian oil as it deepens sanctions on tankers carrying the petroleum above Western price caps, President Joe Biden's energy envoy said on Tuesday. Washington imposed sanctions late last month on Russia's leading tanker group Sovcomflot on the two-year anniversary of Moscow's full scale invasion of Ukraine. It also designated 14 crude oil tankers as property in which Sovcomflot had an interest. That led to concerns in India of a potential dent in Russian oil sales to India, the biggest buyer of Russian seaborne crude, and that the fresh sanctions could complicate efforts by Indian state refiners to secure annual supply deals, Reuters reported late last month.

Russian president Medvedev said. “The French President had already s**to himself and pulled out of the planned visit. Poor France!", Medvedev added.

Mint. Talwar has been the company's regional head for the visa business for Europe. Talwar joined the company in 2006 and has worked in the company's New Delhi, Kuala Lumpur, UAE and London offices.

The French government says that several of its services are being targeted by cyberattacks of «unprecedented intensity» and a special crisis center was activated to restore online services

Sweden’s national flag has been raised at NATO headquarters to cement the Nordic country’s place as the 32nd member

Poland’s president is calling on other members of the NATO alliance to raise their spending on defense to 3% of their gross domestic product

It is hard to find a word that is more relevant to the world’s greatest challenges and policy priorities than ‘inclusion.’ Inclusive, green economic growth that benefits all of society is an essential component of sustainable prosperity, social cohesion, competitiveness and geopolitical stability. Supporting a ‘just transition’ that includes all members of our societies is crucial to ensure that climate action and the digital transformation lead to a more sustainable and secure world.

Barrons Roundtable discusses the price of oil and the demand for natural gas.

Private sector fuel retailers Jio-BP, Rosneft-backed Nayara Energy and Shell haven't yet been able to fully regain the market share they gave up in 2022 after the beginning of the Russia-Ukraine war that triggered a turmoil in the global oil market and made domestic fuel sales loss making for some time. The three private sector retailers had a combined market share of 8.7% in petrol sales in February, lower than 10% in the same month of 2022, according to industry data. For diesel, their share was 9.3% as against 10.8% two years earlier. Their share, however, is up from last year's 7.4% in petrol and 4.9% in diesel. The market share for all three private companies is lower than their respective shares two years ago in both petrol and diesel. Nayara Energy leads the private players, accounting for more than half of their combined sales. Nayara also operates the largest network of petrol pumps among private retailers. It has 6,590 pumps while Jio-BP, the joint venture of Reliance Industries and BP, operates 1,700 pumps, according to the oil ministry data. Shell has just 340 fuel stations and less than 1% share in domestic sales of petrol and diesel.