Russia Financial News

MOSCOW (Reuters) -A Russian court fined Alphabet (NASDAQ:GOOGL)'s Google on Wednesday 4.6 billion roubles ($50.84 million) for failing to delete so-called «fake» information about the conflict in Ukraine, the TASS news agency reported.

Britain and France are reiterating their determination that Russia’s invasion of Ukraine must end in failure

Ukrainian President Volodymyr Zelenskyy says he's certain the United States will make good on its promise of further billions of dollars for Kyiv to continue its fight against Russia

The tide turned against inflation

India over an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun and expressed its willingness to engage with New Delhi in resolving the ongoing conflicts in Ukraine and West Asia. “I would say that we would welcome India’s constructive engagement in these two matters (wars in Ukraine and Gaza) as we welcome constructive engagement from countries around the world,” US state department spokesperson Matthew Miller said. He said the Joe Biden administration has focused a “great deal of time and attention” on the ties with India. Miller’s comments came ahead of foreign minister S Jaishankar’s Moscow trip later this week. India, which has maintained neutrality in the Ukraine war and continued its engagements with Russia, favours dialogue and diplomacy as the way forward to end the conflict. India has strong ties with Israel as well as with the Arab world. The country recently hosted the Sultan of Oman.

The European Union (EU) revealed details on their latest package of sanctions against Russia, which includes provisions on crypto, in a newly released Q&A this week.

North Korea's «reckless» nuclear build-up and missile launches. G7 foreign ministers said in a statement after the launch of Pyongyang's most powerful ballistic missile that «North Korea's repeated reckless actions must be met with a swift, united and robust international response, particularly by the United Nations Security Council».

FRANKFURT (Reuters) — Austria's Raiffeisen Bank International, one of the banks in Europe most exposed to Russia, said on Tuesday that it will take a nearly 28% stake in Austrian construction group Strabag.

Pentagon planners worried about the increasing threat from drones have looked at everything from mesh nets and missiles to cannons and lasers, but now a once highly-classified technology is attracting more attention and funding. High-power microwave devices that can disrupt or even fry the electronics of aerial threats—such as drones and missiles—are moving to the forefront of defense strategies after years of development. In theory, microwave systems offer the ability to keep firing for as long as they have power, which could help take down a swarm of drones.

The leaders of Italy and the U.K. have agreed to tackle irregular migration to Europe

Russian state new agencies have reported that delegates from Russia's ruling party have unanimously backed President Vladimir Putin's bid for reelection at a party conference in Moscow

The European Union is imposing sanctions on Russia over its war against Ukraine, targeting the lucrative diamonds industry as well as more than 140 officials, companies and organizations

Investing.com — Oil prices settled higher Monday as concerns about a supply surplus were eased after Russia said it would make deeper crude export cuts, and attacks by the Houthis on ships in the Red Sea stoked worries about supply disruptions.

oil prices are on a declining trend. This, despite production cuts announced earlier this year by Opec and Russia, because US output is likely to reach record highs. Last week, IEA released its projection that suggests that world oil consumption will increase by 1.1 million bpd in 2024, up by 130,000 bpd from its earlier estimate.

Security Council could vote as early as Monday on a proposal to demand that Israel and Hamas allow aid access to the Gaza Strip — via land, sea and air routes — and set up U.N. monitoring of the humanitarian assistance delivered. Diplomats said the fate of the draft Security Council resolution hinges on final negotiations between Israel ally and council veto power, the United States, and the United Arab Emirates, which has drafted the text.

Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the weekend. The package focuses on a Russian-origin diamond import ban as well as imposing additional import and export bans on Russia, combating sanctions circumvention and closing loopholes, it said.

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Investing.com — Oil prices soared higher Monday on concerns of disruptions to global supply, particularly to the important Asian market, following mounting attacks by the Houthis on ships in the Red Sea.

By Nell Mackenzie and Wayne Cole

By Alex Lawler

Narendra Modi seems certain to extend his rule to 2029; and Donald Trump could return to the White House despite charges of subverting U.S. democracy. For those who worry that authoritarian rulers are firmly in the ascendant over more liberal democrats, there is likely to be much to fret about in 2024.