Russia Financial News

Prime Minister Justin Trudeau says the amount of military aid NATO allies have been shipping to Ukraine to help its fight against Russia’s invasion means “everyone is in big trouble” with military supplies.

Su-34 fighter-bomber aircraft on Friday on the southern front, hailing it as a success in the 22-month-old war. The Russian military made no mention of the incident. But Russian bloggers acknowledged the loss, and analysts suggested U.S.-supplied Patriot missiles had probably been used. Reuters could not independently confirm the reports. «Today at noon in the southern sector — minus three Russian Su-34 fighter-bombers!» Ukrainian Air Force Commander Mykola Oleshchuk wrote on the Telegram messaging app. Air Force spokesperson Yuri Ihnat described it on national television as a «brilliantly planned operation.» «There haven't been Su-34s for some time in our positive statistics,» he said, citing the model as one of Russia's most modern aircraft for bombing and other assaults. Zelenskiy in his nightly video address praised the Odesa region anti-aircraft unit for downing the planes in Kherson region. The region was occupied in the first days of Moscow's February 2022 invasion.

White House on Friday said it was closely monitoring Houthi attacks on ships in the Red Sea, but did not expect the situation to have a significant impact on holiday prices or the availability of products. Lael Brainard, director of the White House National Economic Council, told reporters that the U.S. economy was proving resilient, with inflation having come down faster than even the more optimistic forecasts had indicated, the labor market rebounding, and growth remaining solid.

After days of delays, the resolution also called for the creation of «conditions for a sustainable cessation of hostilities» but did not call for an immediate end to fighting.

Joe Biden on Friday signed an executive order threatening penalties for financial institutions that help Russia circumvent sanctions, the White House said in a statement, as Washington seeks to increase pressure on Moscow. The order also gives Washington the ability to broaden import bans of certain Russian goods, such as seafood and diamonds, the White House said.

Israel broadened their ground offensive. The UN Security Council passed the resolution on Gaza aid delivery with 13 votes in favor, zero votes against, and two abstentions. Russia, and United States abstained from voting on the resolution.

NEW DELHI : Tata Group-backed Air India is set to induct the first of the 470 aircraft it had ordered, with the Airbus A350 expected to arrive at Delhi airport Saturday morning, people aware of the development told Mint. Air India received regulatory approvals for engineering line maintenance of the A350 aircraft from the Directorate General of Civil Aviation earlier this month. “The aircraft will be put into commercial domestic flight operations for metro-to-metro connectivity by the end of January as it will take at least 3-4 weeks since its arrival in India to complete extensive checks and approvals," an Air India official said.

On the tarmac of a Moscow airport in late August, Yevgeny Prigozhin waited on his Embraer Legacy 600 for a safety check to finish before it could take off. The mercenary army chief was headed home to St. Petersburg with nine others onboard.

Japan said on Friday it would prepare to ship Patriot air defence missiles to the United States after revising its arms export guidelines earlier that day, in the pacifist nation's first major overhaul of such export curbs in nine years. The announcement comes as Japan, which had long adopted a stance of not allowing exports of deadly weapons, seeks to boost its defence industry amid an increasingly tense security environment in the Indo-Pacific. «This holds significant meaning in terms of further strengthening the Japan-U.S. alliance.

Beaming at every turn, North Korean dictator Kim Jong Un toured the jewels of Russia’s military industries in September. A guest of President Vladimir Putin, he gawked at the plant making Su-35 jet fighters, inspected a Russian Navy frigate and examined the Kinzhal missiles at the Vostochny spaceport. Soon thereafter, trainloads of North Korean artillery shells started rolling to Russian troops in Ukraine—by American calculations, as many as one million munitions, or roughly three times what European nations had been able to supply in a whole year.

Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout.

The European Union has paid the final tranche of a multibillion-euro support package to Ukraine to help keep its war-ravaged economy afloat this year

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

Russia continued to be the top source for India’s oil imports in October, accounting for nearly 30% of the crude brought into the country, official data showed. At $3.78 billion, the value of the crude oil supply from Russia increased 44% year-on-year (y-o-y) in October from $2.62 billion in October 2022. On a sequential basis, too, crude imports from that country increased 9% from $3.48 billion in September 2023, commerce ministry data showed.

mouse fever’ which includes symptoms such as bleeding eyes and vomiting. According to the HUR or the Main Intelligence Directorate in the country, the disease has spread across Kupyansk among the Russian troops present there. At the time of the outbreak, the troops were facing shortages of winter supplies.

Kenneth Andrade, Founder & CIO of Old Bridge Capital Management, anticipates a potential market downturn in the coming year. According to the expert, macro events could be the catalyst for such a decline, with factors such as a global crisis, a country's balance sheet implosion, or a drying up of liquidity in the market being potential triggers. Andrade suggests that a significant macroeconomic event has the potential to remove liquidity from the market.

To placate a war-weary population, Russia has doled out billions of dollars of cheap loans for its citizens to buy new homes. That money is now creating an economic headache that few predicted: a fast-building housing bubble. A debt-fueled surge in housing prices, along with fast-rising inflation, has exposed stark divisions among Russia’s leaders even as the battle rages on in Ukraine.

World Bank's latest migration and development report, owes itself to the tight labour market conditions in the West and the hastened economic recovery in West Asia due to last year's surge in oil prices following the Russia-Ukraine war. Both factors have, however, played themselves out with the central banks weakening global economic activity through a series of interest rate hikes, which, in turn, has had an adverse effect on demand for oil. The effects are visible in the growth rate of remittances to India, which have halved from the previous year and are headed for pre-Covid levels thereafter. The bump in remittances helped India paper over a burgeoning trade deficit on higher oil prices alongside a flight of capital from its equity market.

Germany’s federal prosecutor has filed a motion for asset forfeiture concerning more than 720 million euros or $789 million of frozen Russian money

Former Chelsea owner Roman Abramovich has lost in his legal attempt to overturn sanctions imposed by the European Union for his role in the Russian invasion of Ukraine

Donald Trump Wednesday delivered a chilling message at a 2024 campaign rally in Iowa, cautioning that World War III is imminent, with the possibility of global destruction. The former US president expressed grave concerns about the world teetering on the edge of World War III. He stressed that the danger is not akin to a conventional war but could result in complete extinction due to the destruction potential of modern weaponry.