Russia Financial News

Crypto, the buzzword in the world of finance. There are currently around 31 million users of these digital assets in Europe, according to estimations from cryptocurrency payment gateway TripleA.

President Joe Biden has postponed a trip to Colorado to stay in Washington and focus on the growing conflict in the Middle East

Projections show that the majority of voters in Poland’s general election supported opposition parties

Russian President Vladimir Putin is expected to meet this week with Chinese leaders in Beijing on a visit that underscores China’s support for Moscow during its war in Ukraine

Leaders of emerging market countries are arriving in Beijing for a meeting organized by the Chinese government that will mark the 10th anniversary of its Belt and Road Initiative

Israel-Hamas war. If the war escalates further and spreads to other countries, it will shoot up crude oil prices and also deal a severe blow to the global economy which is already struggling thanks to continuous rate hikes due to a sharp rise in inflation led by the Russia-Ukraine war in the post Covid-19 pandemic world. "Top US officials warned on Sunday that the war could escalate into a wider conflict across the Middle East.

LONDON (Reuters) — U.S. Treasury Secretary Janet Yellen said on Monday it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict, and that the impact would depend on whether the conflict spread to the wider region.

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Russia has joined China's restrictive measures imposed on imports of fish and seafood from Japan, Russia's agricultural watchdog Rosselkhoznadzor said on Monday. Japan started releasing treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean in August, and was heavily criticised by China, which immediately banned all seafood imports from Japan. Russia said the restrictions were imposed as a «precautionary measure» and will remain in place until comprehensive information is provided showing if the seafood is safe. From January to September 2023, imports of fish and seafood from Japan to Russia totalled 118 tonnes, Rosselkhoznadzor reported.

Russia’s Sber, the operator of Sberbank, says it will join the Central Bank’s digital ruble pilot, in a major coup for the nation’s CBDC.

Israel-Palestine conflict. While the US and allies have showed their support to Israel, both China and Russia sided with Palestine.

By Yuka Obayashi and Emily Chow

fertiliser to more than double over the past year, but he is bitterly aware of the consequences. At his farm in northeastern Nigeria, he can no longer afford enough fertiliser, so his corn is stunted and pale, the scraggly plants bending toward the powdery earth. Inside his mud house, he has grown accustomed to explaining to his two young children and pregnant wife why they must make do with two meals a day — and sometimes only one — even as hunger gnaws. As he and his neighbours commiserate over the calamity unfolding across much of Africa, they exchange theories on one source of trouble: Russia's war on Ukraine, which disrupted shipments of key ingredients for fertiliser. «We are in two different worlds, separated by airplanes and oceans,» Chubado said.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the infra play has got a little stretch in valuation. It is time for consumption to pick up. Because so far, whatever consumption has picked up has been premium consumption – be it premium housing, cars with prices over Rs 7 lakh. I think the mass consumption is yet to pick up. Come election year with liquidity floating in the market, this festival season numbers will also come in. It is a delayed festival season with Diwali coming only mid-November.” Where are your investments, apart from Sundaram Mutual Funds? Nothing apart from Sundaram Mutual Funds. Everything is in Sundaram.

Russia's top diplomat Sergei Lavrov arrived in Beijing on Monday ahead of an expected visit by President Vladimir Putin to China, for a gathering of representatives of 130 countries that will be overshadowed by the Israel-Gaza war. This will be Putin's first trip to a major global power since the Ukraine invasion. The foreign ministry announced on social media platform X, formerly Twitter, that Lavrov was in the Chinese capital as part of a Russian delegation. Beijing is hosting representatives of 130 countries Tuesday to Wednesday to mark a decade of its Belt and Road Initiative (BRI) — a key geopolitical project of President Xi Jinping to extend China's global reach. But all eyes will be on Putin, who last month told Beijing's Foreign Minister Wang Yi in Saint Petersburg he had «gladly accepted» Xi's invitation to visit China for the BRI talking shop. The Russian leader's strategic dependence on China has only grown since his invasion of neighbouring Ukraine thrust his country into international isolation. Putin last week voiced concern at the «catastrophic increase» in the number of civilian victims in Israel and the Gaza Strip. The Kremlin ambassador to the United Nations has called for a «humanitarian cease-fire» in the Gaza Strip and Israel, while blaming the United States for the ongoing conflict. This year, trade between China and Russia has soared to levels not seen since the beginning of Moscow's war in Ukraine, with Chinese imports of Russian oil offering Moscow a critical lifeline as international sanctions bite. China has refused to condemn the war in an effort to position itself as a neutral party, while at the same time offering Moscow vital diplomatic and financial support. At the heart of the

Oil prices fell on Monday, partly reversing Friday's rally as investors wait to see if the Israel-Hamas conflict draws in other countries, which could drive up prices and deal a fresh blow to the global economy. Brent futures slid 34 cents, or 0.4%, to $90.55 per barrel and U.S.

Nikol Pashinyan skipped the CIS summit in Kyrgyzstan last week, Russia-Armenia ties are striving to remain steady as the partnership serves national interests of both countries. While there are fears that Russia-West conflict might “spread to Armenia '' in the backdrop of exodus from Nagarno-Karabah, Armenia and Ukraine are two different situations despite rising differences of opinion between Moscow and Yerevan. Armenia is a member of the Russia-led Collective Security Treaty Organization and has a bilateral defense agreement with Russia. Armenia and Russia have strategic partnership and Armenia currently hosts around 10,000 Russian troops, 5,000 of which are stationed at Gyumri's 102nd Russian military base.

Vladimir Putin will meet Xi Jinping in China this week in a bid to deepen a partnership forged between the United States' two biggest strategic competitors. Putin will attend the Belt and Road Forum in Beijing on Oct.

IMEC) and India-Israel-USA-UAE projects, China has launched dialogue across the region seeking to align BRI with Turkiye's Middle Corridor Initiative. Turkiye had decried IMEC, which is aimed at rivaling BRI in the region and this week's BRI summit in China is expected to witness efforts to align Ankara's Middle Corridor Initiative with BRI. The two sides recently held a high-level dialogue on the issue, ET has learnt. IMEC was announced on the sidelines of the G20 summit here in the presence of leaders of the USA, Saudi Arabia, India and Europe. Trans-Caspian East-West-Middle Corridor Initiative shortly named as 'The Middle Corridor', begins in Turkiye and passes through the Caucasus region via Georgia, Azerbaijan, crosses the Caspian Sea, traverses Central Asia and reaches China, according to a Turkish foreign ministry document.

Reuters report. “I don't think these are healthy thoughts in the minds of healthy people, because to say that the United States is preparing for war with Russia, well we are all preparing for war because we follow the ancient principle: if you want peace, get ready for war," Putin said in a video clip posted on Telegram. “But we want peace," he added with a chuckle.

Investing.com — Two factors will determine the direction of oil markets in the coming week. The first is how much the conflict in the Middle East could escalate and what it might mean for supplies in the world's top oil producing region. The second is what will the weekly update on US crude stockpiles look like on Wednesday.