Russia Financial News

By Devayani Sathyan

(Reuters) — U.S. aerospace and defense company RTX said on Thursday industry veteran Phil Jasper will become president of its Raytheon (NYSE:RTN) unit after Wesley Kremer retires at the end of the first quarter.

India's increased intake of African oil helped partly offset the 18% month-on-month import decline from its top supplier Russia in December, according to energy cargo tracker Vortexa. Russia's share in India's imported crude market shrank to 30% in December from 34.5% in November. Africa's share increased to 7.6% from 4.7%.

The European Union has imposed sanctions on the world’s biggest diamond mining company and its chief executive officer as part of what it says is its “unwavering commitment” to Ukraine in the war against Russia

India-made ammunition reaching Ukraine through Europe in the third quarter of last year. ET has learnt that the matter was raised by Moscow recently.

shortest Test match in history. We feel especially bad for that South African chap who went in to take a loo break in the Indian first innings when the score was 153 with K L Rahul and Virat Kohli at the crease, and the former batter was to face the first delivery of the 33rd over from paceman Lungi Ngidi. Over the next 1.5 overs, the Indian scorecard would remain at 153 with 6 wickets falling.

Ewan McGregor is slated to receive the Honorary Dragon Award at the upcoming Göteborg Film Festival in Sweden. The renowned actor, known for his roles in «Star Wars» and «Trainspotting,» will be present at the festival to accept the honor and take part in an Actors Talk. Additionally, McGregor will attend the Nordic premiere of his latest film, «Mother, Couch,» directed by Niclas Larsson. The festival will also feature a retrospective showcasing some of McGregor's most notable films. In a statement, Göteborg Film Festival Artistic Director Jonas Holmberg described McGregor as an androgynous symbol of the Cool Britannia era, a romantic icon for the millennial generation, and a franchise holder in the pop-cultural center of the galaxy. Holmberg praised McGregor's versatility, noting that he has demonstrated mastery in stylized extravagance, literary precision, and nuanced realism, establishing himself as one of the truly great actors of the current era.

man-portable air defence missile system, designed to eliminate hostile aircraft, drones, and helicopters at very short ranges. This development comes as the armed forces are currently inducting a limited number of Russian systems to address operational gaps in the ongoing military standoff with China in eastern Ladakh, a TOI report stated. The indigenous very short-range air defence system (VSHORADS), developed by DRDO to neutralize low-altitude aerial threats within a 6-km range, is expected to undergo user trials by April-May, according to a senior defense official.

India’s crude oil imports from Russia in November were the costliest in a year, government data show, reflecting lowering discounts on the fuel. Refiners in the world’s third-largest oil consumer paid an average of $85.90 a barrel for shipments from its largest supplier, up 1.8% compared with $84.46 in October. Barrels from Iraq and Saudi Arabia, India’s second and third-largest suppliers, were $85.70 and $93.30 respectively in November, as benchmark prices declined.

By Tom Balmforth

Cost of Living LIVE Updates January 04: 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.

NEW DELHI : ONGC Videsh will get oil supplies from Venezuela in lieu of dividend worth $600 million for its 40% stake in the San Cristobal field, said Pankaj Jain, secretary, union ministry of petroleum and natural gas. Jain told reporters that OVL is waiting for the final dates to lift the cargo. Mint on Wednesday reported that OVL is in talks with its Venezuelan partner to secure oil cargoes in lieu of unpaid dividends totalling $600 million.

Although the sector closed the year in positive territory, investment trust performance was 'well behind' US and global equity market indices.

snowstorms disrupting transportation and closing schools in Scandinavia while strong winds and heavy rain in western Europe caused flooding and at least one death. Temperatures fell below minus 40 degrees Celsius (minus 40 degrees Fahrenheit) in the Nordic region for a second day in a row Wednesday. In Kvikkjokk-Arrenjarka in Swedish Lapland, the mercury dropped to minus 43.6 C (minus 46.5 F), the lowest January temperature recorded in Sweden in 25 years, Sweden's TT news agency reported.

Russian regional governor said on Wednesday he had ordered the rebuilding of nine houses in a village that was accidentally bombed by one of Russia's own warplanes. The incident took place on Tuesday, when the state news agency RIA quoted the defence ministry as reporting an «abnormal discharge of aircraft ammunition» over the village of Petropavlovka in the southern region of Voronezh. Governor Alexander Gusev said the nine houses would be rebuilt as soon as possible, and there had also been damage to a small local school, an arts centre and an administrative building. No one had been killed but four people were treated for minor injuries and residents had access to psychological support, he said. Five cars and a tractor had also been damaged, and the owners would get compensation. «Not a single resident will be left without help, we will support everyone as much as possible,» Gusev said. Authorities did not say what caused the incident. While the damage was limited, it was embarrassing for Russia's military and came at a time of high alert in its southern regions close to the border with Ukraine. Over the New Year period, Russia staged some of its heaviest missile and drone strikes on Ukraine since its full-scale invasion in February 2022.

Iran terror attack LIVE: Amid the twin explosions in Iran's Kerman – about 820 kilometers (510 miles) southeast of Tehran – Iran officials have called it a terrorist attack.Mohammad Saberi – the head of Kerman’s emergency services – has confirmed to state media that more of the critically injured in the blasts have now died, bringing the total number of dead to 103, adding over 141 are wounded and the numbers may rise.Meanwhile, an emergency has been imposed in all the hospitals of the province.Iran’s head of Judiciary, Gholam Hossein Mohseni-Ejei, has released a statement He had said, as quoted by Al Jazeera, “The agents and perpetrators of this grievous crime will undoubtedly be punished."“Responsible intelligence, security and law enforcement agencies are obligated to promptly pursue all the evidence and perpetrators and hand them over to the Judiciary."No outfit has claimed responsibility of the attack as of yet.As per details, the explosions took place in quick succession near the grave of Iranian general Qasem Soleimani, as the country marked the anniversary of his killing in a US drone strike in Iraq.Iran’s Interior Minister Ahmad Vahidi said that the initial explosion took place at 3.00 pm local time, with a subsequent explosion occurring after people had assembled to assist in the aftermath of the first incident, adding, the majority of casualties resulted from the second explosion.Here are the live updates.Iran terror attack LIVE: Russian President Vladimir Putin on 3 January condemned the Iran blasts and referred to it as 'shocking in cruelty and cynicism', reported AFP.Iran terror attack LIVE: Iran declared Thursday a day of mourning following twin blasts that killed at least 103 people near the grave of

Kyiv's forces seek to embarrass the Kremlin and puncture President Vladimir Putin's argument that life is going on as normal despite the 22-month war. The situation in the border city of Belgorod, which came under two rounds of shelling on Wednesday morning, «remains tense», said regional Gov. Vyacheslav Gladkov, writing on Telegram.

BRUSSELS (Reuters) — The European Union has added Russia's Alrosa, the world's biggest diamond producer, as well as its CEO Pavel Alekseevich Marinychev to its sanctions list, it said on Wednesday.

BEIJING (Reuters) — China on Wednesday said a situation in which national security restrictions severely impede global growth due to «the politicisation of economic and trade issues» would be «immoral and unsustainable». after a International Monetary Fund warning.

LONDON (Reuters) — Fines imposed by Russian courts on Alphabet (NASDAQ:GOOGL)'s Google and YouTube, Meta, TikTok and Telegram appear to have been settled as the companies are no longer registered as debtors in the state bailiffs' database.

IN OCTOBER CYBER-CRIMINALS hacked into the British Library, a storied institution in the heart of London, encrypted its data and demanded money in exchange for the key. Months later the library and its catalogue of 14m books remain offline, with no end in sight. Similar ransomware attacks—in which criminals encrypt or steal data and demand a ransom to decrypt or refrain from leaking it—are not only undermining business and sapping prosperity across North America and Europe.