Russia Financial News

Latvia’s government has extended restrictions on the entry of Russian citizens into the Baltic country until next year

Thousands of farmers are marching in Poland’s capital to protest European Union agricultural policies and imports of cheap food from neighboring Ukraine

froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow’s invasion of Ukraine. Those billions have been sitting untapped as the war grinds on, now in its third year, while officials from multiple countries have debated the legality of sending the money to Ukraine. More than two-thirds of Russia’s immobilized central bank funds are located in the EU.

By Karen Freifeld

Brent crude declined about two per cent and WTI fell more than three per cent after a US central bank policymaker indicated interest rate cuts could be delayed by at least two more months. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a March 19 expiry, was last trading 0.59 per cent higher at ₹6,504 per bbl, having swung between ₹6,408 and ₹6,511 per bbl during the session, against a previous close of ₹6,466 per barrel.

NEW DELHI : The Indian Space Research Organisation (Isro) on Tuesday revealed the first four astronauts selected for India’s human spaceflight programme, Gaganyaan. The astronauts are test pilots with the Indian Air Force, and will be a part of the country’s first ever manned space mission that is scheduled for take-off by the end of next year. The astronauts—Group Captains Prashanth Balakrishnan Nair, Ajit Krishnan and Angad Pratap, and Wing Commander Subhanshu Shukla—were offered designatory astronaut-wing badges by Prime Minister Narendra Modi at an event at the Vikram Sarabhai Space Centre in Thiruvananthapuram, Isro’s headquarters.

BERLIN—Russian expansionism and fears about American disengagement from Europe are causing such alarm here that Germany is beginning to ponder a question once considered unthinkable: Does it need to have its own nuclear weapons? In recent weeks, German officials have called on France and the U.K.—Europe’s two nuclear powers—to work with Berlin to develop a fallback plan for nuclear deterrence for the North Atlantic Treaty Organization, should the U.S. no longer be willing to fulfill that role.

I got what looked like a nice email from Amazon last week. There were no spelling mistakes, so I figured it wasn’t a Russian bot and I could click on it. I was right. It was Amazon announcing a new initiative promoting Quebec products: “Les produits du Québec.” How the titans of globalization cower before the power of local interests!

VOC Port at Tuticorin in Tamil Nadu will become India's first green hydrogen hub as it will develop an ecosystem of green ports and also emerge as a transshipment hub when Prime Minister Narendra Modi launches numerous initiatives on February 28, Union Minister Sarbananda Sonowal said on Tuesday. Also, Chennai would become the gateway to the Eastern Maritime Corridor to Vladivostok, Russia, and further increase the bilateral trade between the two countries, he said. «Tomorrow PM Modi will lay the foundation stone, inaugurate, and dedicate to the nation 36 transformative projects worth over Rs 17,000 crore. This is a step towards Viksit Bharat @2047,» Sonowal told reporters here. About 30 projects under his Ministry of Ports, Shipping and Waterways worth Rs 10,324 crore would be inaugurated, foundation laid or dedicated by the prime minister, he said. Of these, six projects worth Rs 7,587 crore are only in the two ports in Tamil Nadu.

Indian nationals hired by Moscow, with the help of recruiters around the world, for the Russian army in Ukraine. Two years into the war tens of thousands of Russian soldiers have died in Ukraine, and Moscow is on a global quest for more combatants, sometimes with the assistance — complicit or oblivious — of informal intermediaries. An Indian translator working in a military recruitment centre in Moscow told AFP journalists in New Delhi that his facility was one of a network across Russia.

Gaganyaan. He called them the four forces that encompass the aspirations of 1.4 billion people in the country. The four astronauts are -- Group Captains Prasanth Balakrishnan Nair, Angad Pratap, Ajit Krishnan, and Wing Commander Shubhanshu Shukla, Modi said at the Vikram Sarabhai Space Centre (VSSC) at Thumba near here.

Narendra Modi introduced four astronauts-elect, Group Captain Prashanth Nair, Group Captain Angad Prathap, Group Captain Ajit Krishnan, and Wing Commander Shubhanshu Shukla, bestowing them with astronaut wings.

Cost of Living LIVE Updates February 27: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Russia is close to creating cancer vaccines, says President Putin Animal studies are completed successfully, with clinical trials planned. The IIT-Madras researchers are currently working on addressing the safety and cost issues which are major challenges in the existing cancer medicines.

Hungary's parliament voted Monday to ratify Sweden's bid to join NATO, ending more than 18 months of delays that frustrated the alliance as it sought to expand in response to Russia's war in Ukraine. The vote, which passed with 188 votes for and six against, was the culmination of months of wrangling by Hungary's allies to convince its nationalist government to lift its block on Sweden's membership. The government of Prime Minister Viktor Orban submitted the protocols for approving Sweden's entry into NATO in July 2022, but the matter stalled in parliament over opposition by governing party lawmakers.

New Delhi: Russia’s top luxury hotels, once managed by Ritz Carlton, Four Seasons and Park Hyatt, are looking at leading Indian hospitality firms to run these properties, after the international brands checked out of the country following its invasion of Ukraine. Russian officials have sounded out Tata group’s Indian Hotels Co. Ltd (IHCL), which operates Taj luxury hotels; and East India Hotels (EIH), which operates The Oberoi hotels, a person aware of the matter said on condition of anonymity.

The Claman Countdown panelists Kenny Polcari and Joseph Lavorgna break down the Federal Reserves moves.

Alexei Navalny was close to being freed in a prisoner swap at the time of his death, a close ally said on Monday, repeating an allegation by his family and supporters that President Vladimir Putin had him killed. Speaking on YouTube, Maria Pevchikh said talks about exchanging Navalny and two unnamed US nationals for Vadim Krasikov, a Russian FSB security service hit man in jail in Germany, were in their final stages at the time of his death.

The prime ministers of Canada and Poland have discussed boosting exports of Ukrainian grain to the world’s poorest countries to ease protests by farmers in Europe who see the Ukrainian goods as a market threat

NEW DELHI : The Centre on Monday approved interest-free loans to tobacco growers in Andhra Pradesh affected by cyclone Michaung in December, according to the commerce ministry. The Tobacco Board had requested the Centre to approve interest-free loans after the cyclone, which caused heavy rains in the state, damaged crops in several regions. In January, Mint reported that the Centre was planning to provide interest-free loans for tobacco farmers.

RIA Novosti news service published on Monday. RIA reported that Siluanov’s answer was in response to a question on Russia’s frozen foreign reserves. The group of seven (G-7) nations should be “bolder" in seizing frozen Russian assets, UK Prime Minister Rishi Sunak said in an article published on Sunday.