Russia Financial News

Ukraine’s president has invited Poland’s leaders to meet him at their shared border to resolve a blockade by Polish farmers protesting Ukrainian food imports

A private U.S. lunar lander is in orbit around the moon, a day before it will attempt to land on the surface

European Union countries have agreed on a new package of sanctions against Russia

The German government says Europe’s largest economy is in “troubled waters.”

US crypto advocacy group, the Chamber of Digital Commerce (CDC), is opposing Senator Elizabeth Warren’s anti money-laundering (AML) DAAMLA legislation, claiming she is “trying to kill the entire industry,” according to a tweet yesterday on X.

India is poised to overtake China as the largest member of the World Trade Centers Association (WTCA) in the next five years, its chairman said, underscoring a hitherto circumspect New Delhi's rapid global strides that neatly dovetail into a China-plus-one corporate sourcing strategy aimed at derisking supply chains across the planet. «I would say, particularly in the past 10 years, India's presence on the global stage has become increasingly pronounced,» said John E. Drew, Chairman of the WTCA, an international trade platform that connects more than 300 WTCs in nearly 100 countries. «While India's growth trajectory has been ongoing, its recognition and active participation in major economic discussions alongside China, the US, Russia, and the EU signify its emergence as a significant player in the global economy,» he said. Currently, India has about 40 WTC licensees covering more than 30 cities. According to the real estate developer, a large number of Indian entrepreneurs establishing successful companies in the US, particularly in tech hubs like California and Massachusetts, further strengthened India's influence in global business. «I expect this trend to continue, paralleling the trajectory seen with Chinese entrepreneurship,» he said.

Back in 2013, when Kremlin critic Alexei Navalny was facing bogus criminal charges, I recalled when my great-grandfather, Soviet leader Nikita Khrushchev, compared Russia to a tub full of dough. “You put your hand down in it, down to the bottom," and “when you first pull out your hand, a little hole remains." But then, “before your very eyes," the dough returns to its original state—a “spongy, puffy mass." Navalny’s death more than a decade later proves that little has changed. The prison where Navalny died is a brutal one.

After Alexei Navalny recovered from poisoning in 2020, his wife Yulia Navalnaya was asked whether her husband should give up his role as Russia’s most prominent opposition figure. “No," she said, without pause. “I fully support Alexei’s work, sincerely.

Arctic penal colony where Russian opposition leader Alexei Navalny died last week. Western leaders have expressed outrage at the news from Russian authorities that Navalny, President Vladimir Putin's most prominent domestic critic, had fallen unconscious and died in prison on Friday.

Vladimir Putin's critic Alexei Navalny on 16 February, following which the United Kingdom froze assets of six Russian prison bosses, who were reportedly in charge of the Arctic penal colony housing Navalny. According to media reports, the sanctioned six Russians, including the head and five deputy heads of the penal colony, will also be banned from travelling to UK.

war enters its third year, the infantry of 59th Brigade are confronting a bleak reality: they're running out of soldiers and ammunition to resist their Russian invaders. One platoon commander who goes by his call sign «Tygr» estimated that just 60-70% of the several thousand men in the brigade at the start of the conflict were still serving. The rest had been killed, wounded or signed off for reasons such as old age or illness. Heavy casualties at the hands of Russian forces have been compounded by dreadful conditions on the eastern front, with frozen soil turning into thick mud in unseasonably warm temperatures, playing havoc with soldiers' health.

₹1.64 trillion for fertilizer subsidy. India already has entered into long-term agreements with Morocco, Senegal, Israel, Oman, Canada, Saudi Arabia and Jordan in the past two years as part of this playbook. Though India is moving toward gaining self-sufficiency in urea, it still depends on imports to meet its rock phosphate demand.

By Katya Golubkova

Alexei Navalny has filed a lawsuit at a court in the Arctic city of Salekhard contesting officials’ refusal to release her son’s body, Russia’s state news agency Tass reported Wednesday. A closed-door hearing has been scheduled for March 4, the report said, quoting court officials.

Uttar Pradesh, Gujarat, and Punjab, have reached out to authorities for help, including to Member of Parliament, Asaduddin Owaisi. They claim the men were promised jobs with high salaries but ended up trapped in a dangerous situation. One man, who wished to remain anonymous, said he and two others were recruited through a YouTube channel and transported to Russia in November 2023.

By Echha Jain and Lewis Jackson

Vladimir Putin's two-and-a-half decades in power, Western leaders thought they understood the strategy of the Kremlin leader and argued that Russia merited a place as an international partner. But that approach was blown apart two years ago on February 24, 2022, when Putin ordered the invasion of Ukraine, consigning to a distant past images such as that of the smiling Russian leader bounding up the steps of Macron's Mediterranean Fort de Bregancon residence in August 2019 bearing flowers for the French leader's wife Brigitte.

ceasefire in Gaza amid the Israel-Hamas conflict, Reuters reported. The resolution, put forward by Algeria, sought an immediate humanitarian ceasefire, while the US has pressed for a temporary ceasefire tied to the release of hostages held by Hamas.

BEIJING (Reuters) — Oil prices regained some ground in early Asian trade on Wednesday, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts.

By Jonathan Stempel

Siemens, one of the world’s biggest wind turbine makers, points out that “energy bills will have to keep rising to pay for the green transition." (bit.ly/48qpYmx) A recent Bloomberg article (bloom.bg/3T60wyq) noted, “Affordable power is a key precondition for industrial competitiveness, and even before the end of Russian gas supplies, Germany had some of the highest electricity costs in Europe. Failure to stabilize the situation could transform a trickle of manufacturers heading elsewhere into a stampede." The article goes on to cite the OECD that “no major industrialized economy has ever had the very basis of its competitiveness and resilience so systematically challenged by changing social, environmental and regulatory pressures." In surveys, energy security and costs are cited as the major reasons for German businesses to move abroad. It is often claimed that the shift to renewables makes countries more energy secure, but most clean energy supply chains are dominated by China (tinyurl.com/y59rke62), leaving future green energy heavily dependent on one supplier.