Russia Financial News
17.09 / 09:25
UPS
Citi
Target
Citizens
Progressive
Remark
country
What's behind the surge in migrant arrivals to Italy?
Thousand of migrants reached the Italian island of Lampedusa on more than 100 boats this week
17.09 / 09:25
MET
FIVE
Fighting
North Korea's Kim given gift of drones on Russian trip
Kim Jong Un received five explosive drones, a reconnaissance drone and a bulletproof vest as gifts from a regional governor on his visit to Russia, official TASS news agency said Sunday. Kim's first official visit abroad since the coronavirus pandemic has fanned Western fears that Moscow and Pyongyang will defy sanctions and strike an arms deal. On Saturday he met the Russian defence minister in Vladivostok, where he inspected state-of-the-art weapons including a hypersonic missile system. TASS said the «leader of the DPRK received five kamikaze drones and a 'Geran-25' reconnaissance drone with vertical takeoff», using the official name of North Korea. TASS said the governor of the Primorye region, which borders China and North Korea, also «offered Kim Jong Un a set of bulletproof protection» and «special clothing not detectable by thermal cameras». Kim's extended tour of Russia's far eastern region, which began on Tuesday, has focused extensively on military matters, as evidenced by his own officer-dominated entourage, a symbolic exchange of rifles with President Vladimir Putin and a tour of a fighter jet factory in Komsomolsk-on-Amur. Moscow is believed to be interested in buying North Korean ammunition to continue fighting in Ukraine, while Pyongyang wants Russia's help to develop its internationally condemned missile programme. The Kremlin has said no agreement has or will be signed. Kim also met with North Korean students studying in Vladivostok on Sunday. North Korean news agency KCNA has described the atmosphere during Kim's visit as «fervent and warm» and said a «new era of friendship, solidarity and cooperation» was opening between North Korea and Russia.
17.09 / 09:25
COST
UPS
Lowe's
show
The world is struggling to make enough diesel
oil refiners are proving powerless to make enough diesel, opening a new inflationary front and depriving economies of a fuel that powers industry and transport alike. While oil futures are rocketing — on Friday they were just below $95 a barrel in London — the rally pales in comparison with the surge in diesel. US prices jumped above $140 to the highest ever for this time of year on Thursday. Europe’s equivalent soared 60% since summer. And it could get worse. Saudi Arabia and Russia have turned down the taps on production of crudes that are richer in diesel. On Sept. 5, both nations — leaders in the OPEC+ alliance — announced they would prolong those curbs through year-end, a period in which demand for the fuel usually picks up. “We’re at risk of seeing continued tightness in the market, especially for distillates, coming into the winter months,” said Toril Bosoni, head of the oil market division at the International Energy Agency, referring to the category of fuel that includes diesel. “Refineries are struggling to keep up.” The situation is challenging for a global refining fleet that’s been dogged by lackluster production for months. Searing Northern-Hemisphere heat this summer forced many plants to run at a slower pace than normal, leaving stockpiles stunted. There’s also been pressure on them to make other products instead like jet fuel and gasoline, where demand has rebounded hard, according to Callum Bruce, an analyst at Goldman Sachs Group Inc.
17.09 / 09:25
Citizens
Action
country
Poland imposes EU ban on all Russian-registered passenger cars
Poland has begun enforcing an entry ban on all Russian-registered passenger cars seeking to enter the country
17.09 / 08:33
Citi
Waters
Fighting
Discover
Shell
Yoga brings solace amidst conflict in Ukraine's front-line city
Kramatorsk, a front-line city in Ukraine's Donetsk region, a group of individuals gathers in a basement three times a week. Their purpose? To find respite from the relentless shelling that reverberates through their lives, courtesy of Russian artillery.
17.09 / 06:03
UPS
Target
Reuters
Telegram
country
Inside
Ukraine drones strike Crimea, Moscow, oil depot, Russia says
Russia said it thwarted a coordinated Ukrainian attack on Crimea early on Sunday, while drones also targeted Moscow, disrupting air traffic in the capital, and caused a fire at an oil depot in the southwest of the country. Ukraine in recent days has launched a series of strikes on Russian military targets in occupied Crimea and the Russian Navy Black Sea Fleet's facilities, seeking to undermine Moscow's war efforts in the critical region. Attacks deep inside Russia, far from the front lines, have also increased, with Moscow's mayor saying at least two drones were shot down in the capital region early on Sunday. Reuters could not independently verify Sunday's reports and there were no immediate comment from Kyiv. In an opinion piece late on Saturday, Oleksiy Danilov, the secretary of Ukraine's Security Council, urged Kyiv's allies to speed up the delivery of weapons, saying this was the only way to end the war. «For example, the complete or partial elimination of the Russian Black Sea Fleet, which is a doable task, should significantly accelerate the process of Russia's search for a way out of the ongoing war,» Danilov wrote on the Ukrainska Pravda news site. Russian air defence systems destroyed at least six drones targeting Crimea from different directions, Russia's defence ministry said on Sunday. The report on the Telegram messaging app did not say whether there was any damage or casualties in the peninsula, which Russia annexed from Ukraine in a broadly condemned move in 2014, eight years before Moscow's full-fledged invasion. In the Moscow region, a drone was destroyed over the Istra district and another over the Ramensky district, Moscow Mayor Sergei Sobyanin said on Telegram, adding there were no casualties or
17.09 / 05:05
UPS
Cooper
show
country
exclusive
World disappointed by the UN now looks elsewhere for answers
With dozens of world leaders descending upon New York for the United Nations General Assembly’s annual gathering, global problems are showing up fast and thick at the world body’s door — with no solutions in sight. And many countries are starting to look elsewhere to do something about them. The UN, once the central forum for trying to solve geopolitical disputes, is increasingly on the sidelines of the new global politics, unable to keep up with the array of shocks, crises and coups that seem to be fracturing the world.
17.09 / 03:55
COST
UPS
Manufacturing
Strategy
Battlefield
Indian
Indian Army learns lessons from Ukraine conflict, boosts weapons purchases
Hindustan Times, the Indian Army is also ramping up its weapons including guns, rocket systems, and missiles. Army's five-pronged strategy, which will cost thousands of crores, evolved after assessing the needs of the artillery regiments on a battlefield. Citing an official, the HT report said all regiments would be equipped with advanced 155mm artillery gun systems, inducting missiles and rockets with longer ranges, lethal ammunition, reorganisation of surveillance, and shortening the sensor-to-shooter loop for swift detection.
17.09 / 02:45
UPS
Reuters
Remark
shootings
Shell
NATO official warns rising ammunition prices hinder security, calls for private investment
private investment in defence companies. The remarks came after a meeting of the alliance's chiefs of defence in Oslo on Saturday, according to a report published by Reuters. Dutch Admiral Rob Bauer, the chair of NATO's military committee said, “Prices for equipment and ammunition are shooting up.
17.09 / 01:43
Citi
Provident
MET
Cooper
country
North Korea's Kim Jong Un inspects Russian bombers and a warship on a visit to Russia's Far East
Kim Jong Un inspected Russia's nuclear-capable bombers, hypersonic missiles and an advanced warship from its Pacific fleet on Saturday as he continued a trip in Russia's Far East that has sparked Western concerns about an arms alliance that could fuel President Vladimir Putin's war on Ukraine. After arriving in the city of Artyom by train, Kim traveled to an airport just outside the port city of Vladivostok where Russian Defense Minister Sergei Shoigu and other senior military officials gave him an up-close look at Russia's strategic bombers and other warplanes. All the Russian warplanes shown to Kim on Saturday were among the types that have seen active use in the war in Ukraine, including the Tu-160, Tu-95 and Tu-22 bombers that have regularly launched cruise missiles. Shoigu and Lt. Gen.
17.09 / 01:43
Waves
Telegram
Russia claims seven Ukrainian drones destroyed over Moscow, Crimea
Russia shot down one Ukrainian drone over the outskirts of Moscow and six others over the annexed Crimean peninsula on Sunday, according to the Ministry of Defence. At around 1:45 am (2245 GMT on Saturday) one drone was intercepted over Moscow's Istrinsky district, the defence ministry said in a Telegram post. «According to preliminary data, there was no damage or casualties at the site where the debris fell,» Moscow Mayor Sergei Sobyanin wrote in a separate Telegram post. «Emergency services specialists are working at the scene.» Two Ukrainian drones were also destroyed at 1:15 am over the west coast of Crimea, with another four drones detected and destroyed over the peninsula between 1:45 to 2:20 am, according to the ministry. Since Ukraine launched its counteroffensive in early June, Russia has weathered waves of drone attacks that have sporadically damaged buildings, including in the capital. Russian officials have downplayed the significance of the attacks.
16.09 / 17:33
16.09 / 16:21
Manufacturing
Platform
BrahMos manufacturing in Lucknow likely to begin from March: Rajnath Singh
Rajnath Singh on Saturday said the work on the BrahMos missile manufacturing site in Lucknow is likely to be completed by March next year. Singh was speaking in Gomti Nagar here on the second day of the tour of his parliamentary constituency. «The work on BrahMos missile project is also going on at a fast pace and after next February-March, the missile manufacturing will begin on the soil of Lucknow,» the BJP leader said. Developed by an India-Russia joint venture, the BrahMos supersonic cruise missile can be launched from submarines, ships, aircraft or from land platforms. The work on the Defence Research and Development Organisation (DRDO) lab will also be completed soon, Singh said. He said there were 11 other projects in Lucknow that have been undertaken.
16.09 / 15:25
UPS
Citi
Cooper
show
North Korea's Kim inspects Russian nuclear-capable bombers, hypersonic missiles
VLADIVOSTOK, Russia (Reuters) -North Korean leader Kim Jong Un inspected Russian nuclear-capable strategic bombers, hypersonic missiles and warships on Saturday, accompanied by President Vladimir Putin's defence minister.
16.09 / 14:17
UPS
Provident
Progressive
show
country
North Korean arms for Russia probably wouldn't make a big difference in the Ukraine war: U.S. Army Gen. Mark Milley
Russia's supply of artillery munitions for the war in Ukraine, but that is not likely to make a big difference, the top American military officer said as he arrived in Norway for NATO meetings that began Saturday and will focus in part on the conflict. U.S. Army Gen.
16.09 / 11:59
UPS
Provident
Telegram
Mobile
Inside
Russia controlled Crimea to sell 100 Ukrainian properties including of President Volodymyr Zelenskyy
Crimea's Parliament- Vladimir Konstantinov said that nationalized properties will be sold soon and 8 auctions for the properties of Ukrainian business figures have already started. In a statement conveyed through the Telegram messaging application, Konstantinov revealed that the sales agreements reached a total value exceeding 815 million roubles, equivalent to $8.51 million.
16.09 / 09:09
16.09 / 09:09
Microsoft
Tesla
Russia says U.S. conviction of Kremlin-linked businessman "politically motivated" - RIA
MOSCOW (Reuters) — Moscow has dismissed as «politically motivated» the conviction of Russian businessman Vladislav Klyushin in a U.S. court for participating in a $93 million insider-trading scheme, the state news agency RIA reported on Saturday.
16.09 / 08:11
Manufacturing
Strategy
show
country
Being 5th largest economy 'impressive,' but India's per capita income must also rise, says Ex RBI Governor Rangarajan
Reserve Bank of India Governor C Rangarajan lauded India's ascent to become the world's fifth-largest economy, hailing it as an impressive achievement. However, he has also underscored the urgent need for India to accelerate its economic growth to improve the per capita income of the nation. Post Covid-19 and the Russia-Ukraine war, there is a need to lay down a clear roadmap for India's future development and the first and foremost task is to raise the growth rate, Rangarajan said in his address at the 13th Convocation of the ICFAI Foundation for Higher Education. Noting that India was today the fifth largest economy, he said, «this is an impressive achievement.» «However, in relation to per capita income, it is a different story.
16.09 / 07:23
Fossil fuels
Oil and Gas
Shell
Oil companies can only decarbonize as fast as the rest of the economy: Shell Canada
The fossil fuel industry is increasingly under the microscope for its contribution to climate change, but the president of British oil giant Shell’s Canadian subsidiary says oil and gas companies can’t be held solely responsible for the pace of the global energy transition.
16.09 / 05:25
UPS
Lowe's
Extreme
Manufacturing
Racing
Shell
Deal
The dangers posed by a deal between Russia and North Korea
“sacred fight" against Western imperialism. Both men are throwbacks. Mr Kim is the grandson of a tyrant imposed on North Korea by Stalin.
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