Russia Financial News

selfie" and images of the Earth and the Moon taken by the camera on-board Aditya-L1 solar mission spacecraft. «Aditya-L1, destined for the Sun-Earth L1 point, takes a selfie and images of the Earth and the Moon,» the Bengaluru-headquartered national space agency said on 'X'. The images show VELC (Visible Emission Line Coronagraph) and SUIT (Solar Ultraviolet Imager) instruments as seen by the camera on-board Aditya-L1 on September 4, 2023.ISRO also shared the images of the Earth and Moon as seen by the camera. India's first-ever space expedition to study the Sun, the Aditya-L1 was launched at 11:50 am on Saturday from the Satish Dhawan Space Centre (SDSC-SHAR) in Andhra Pradesh's Sriharikota.

record volumes in recent months, despite Western embargoes, dwindling domestic production and the risks of navigating the Black Sea, Russia’s crude shipments fell to 3m barrels a day (b/d) in August, some 800,000 lower than the April-May average and below pre-war levels. They are likely to remain sub-par. On September 5th Russia said it would extend a “voluntary" 300,000 b/d cut first announced for August to the end of 2023 (the baseline for this reduction is unclear).

Global South," and that at the upcoming Group of 20 meetings being held in New Delhi, that voice will be heard. At the August summit of the BRICS nations — Brazil, Russia, India, China and South Africa — current chair South Africa declared its goal was to «advance the agenda of the Global South.» And ahead of this May's summit of the Group of Seven wealthy democracies in Hiroshima, Japanese Prime Minister Fumio Kishida stressed that the guest nations he had invited reflected the importance of the Global South. The United Nations, the World Bank, U.S. President Joe Biden — everyone seems to be talking about the Global South these days.

New Delhi: European Union officials have indicated their disapproval of the draft text for the joint communique scheduled for release at the New Delhi G20 Summit, citing disagreements over language related to the ongoing war in Ukraine. The conflict has been a point of contention within the G20 since last year. The 2022 G20 Summit in Bali produced a joint declaration that criticized Russia for its actions in Ukraine.

renewable energy capacity by 2030 though also offered support to technology that can sustain the use of fossil fuels, easing concerns from Russia and Saudi Arabia that had previously stalled a deal. Members will make a commitment to “pursue and encourage” efforts to meet the target to increase clean energy generation, according to people familiar with the negotiations. The bloc will also call for a similar impetus in the deployment of abatement technologies like carbon capture that can reduce emissions from the use of gas, coal and oil, said some of the people, who asked not to be named as the details aren’t yet public. Even so, the outcome offers some new momentum in the energy transition after global concerns over supply security and costs had begun to erode progress on a shift away from fossil fuels.

G20 Summit being held in India. However, Washington has also highlighted the problems that could lead to the G20 Summit ending without a joint communique. G20 Sherpas are trying to work together on ironing out a final declaration that will be adopted by PM Narendra Modi and other world leaders over the weekend, reported ANI.

An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed.

settle at $90.04 a barrel on Tuesday, closing above the $90 mark for the first time since November 16, 2022. US WTI futures had gained $1.14, or 1.3 per cent, to settle at $86.69 a barrel, also a 10-month high. Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected.

GÖRLITZ, Germany—As evening fell on a recent Monday in this eastern German city of Gothic spires and Renaissance museums, hundreds of protesters began to gather, just as they have nearly every Monday for at least two years. They carried banners calling for Germany to leave the European Union and cheered speakers who demanded that the nearby border with Poland be shut. They are angry about migrants settling in their communities and inflation squeezing their pensions.

KYIV, Ukraine—Secretary of State Antony Blinken arrived in Ukraine on Wednesday in a visit aimed at signaling Washington’s support amid a slow-going counteroffensive and grumbling among some Republicans about the level of U.S. assistance for the country. Blinken is expected to announce more than $1 billion in additional aid for the country and to meet Ukrainian President Volodymyr Zelensky in the capital, a senior State Department official said.

NEW DELHI : The G20 Leaders’ Summit in New Delhi later this week will discuss the building blocks for cryptocurrency regulations, while a paper authored by the Financial Stability Board (FSB) and the International Monetary Fund (IMF) will offer nations a road map for regulating crypto assets, a person with direct knowledge of the matter said. India is seeking a consensus among G20 nations on crypto assets, the person said, adding that the government has prepared a presidential note on cryptocurrency, including a summary of the IMF and FSB reports.

A group of high-net-worth Russian and CIS investors have filed a class action lawsuit against Atomic Wallet, a prominent cryptocurrency platform, following a security breach in June that resulted in losses of approximately $100 million.

Binance Eastern Europe Vice President Gleb Kostarev and CIS Manager Vladimir Smerkis have announced their departure from the company as the exchange considers a possible exit from Russia.

Bank of England governor Andrew Bailey hinted on Wednesday that the central bank was close to ending a prolonged policy of raising interest rates, easing worries about a cost-of-living crisis. «I think we are much nearer now to the top of the cycle,» Bailey told a panel of cross-party lawmakers gathered to question the BoE chief on the state of the UK economy with UK inflation the highest among G7 nations. «And I'm not therefore saying we're at the top of the cycle because we've got a meeting to come but I think we are much nearer to it,» he added. The pound dropped against the dollar and euro on the comments as traders bet that the BoE may already decide to pause hiking rates at a regular monetary policy meeting later this month. UK annual inflation stands at 6.8 percent, above the five percent Prime Minister Rishi Sunak is aiming to reach by the end of the year. Sunak at the start of 2023 said he hoped to halve UK inflation when the level stood above 10 percent. Bailey on Wednesday added that «the fall in inflation will continue». «I think it (the fall) will be quite marked by the end of this year.» Global inflation soared after Russia's invasion of Ukraine sent energy and food prices rocketing. Inflation has been fuelled over the past 18 months also owing to supply constraints as the world emerged from pandemic lockdowns. Surging inflation resulted in the BoE hiking its key interest rate for a 14th time in a row last month to 5.25 percent, a 15-year high. The central bank is tasked by the UK government with keeping annual inflation at around two percent. A leading think-tank on Wednesday said working-age households in Britain were experiencing the worst growth in living standards since at least the 1950s. Typical,

DUBAI (Reuters) -The International Monetary Fund (IMF) projects Saudi Arabia to swing to a fiscal deficit of 1.2% of GDP in 2023, from a surplus of 2.5% in 2022, it said in its latest assessment report on Wednesday.

Wagner Group as a terrorist organisation, media reports said on Tuesday, quoting Home Secretary Suella Braverman. The UK was set to make the Wagner Group a «proscribed» organisation under anti-terror laws, putting it on a par with Islamic State and al-Qaeda, a report in the Daily Mail said. «Wagner is a violent and destructive organisation which has acted as a military tool of Vladimir Putin's Russia overseas,» the newspaper quoted Braverman as saying. «While Putin's regime decides what to do with the monster it created, Wagner's continuing destabilising activities only continue to serve the Kremlin's political goals.» Under the Terrorism Act 2000 the home secretary has the power to proscribe an organisation if they believe it is involved in terrorism. A proscription order makes it a criminal offence to support the group. «They are terrorists, plain and simple — and this proscription order makes that clear in UK law,» a BBC report added, quoting the minister. «Wagner has been involved in looting, torture and barbarous murders,» Braverman added in the Daily Mail. The group's operations in Ukraine, the Middle East and Africa «are a threat to global security,» she said. «That is why we are proscribing this terrorist organisation and continuing to aid Ukraine wherever we can in its fight against Russia.» Draft measures to ban the Wagner Group under the act will be laid in Parliament on Wednesday, the reports said. In July, Britain announced sanctions against 13 individuals and businesses it said had links to the Russian group in Africa, accusing it of crimes there including killings and torture. The people and entities targeted — which are no longer able to deal with UK citizens, companies and banks, and have any UK assets

Russian attack on the eastern Ukrainian city of Kostiantynivka on Wednesday as U.S. Secretary of State Antony Blinken visited Kyiv, Ukrainian officials said. Footage circulated online by presidential officials showed people falling to the ground or running for cover after a huge explosion in front of them, seconds after some look up to the sky when they hear what sounds like a missile approaching. President Volodymyr Zelenskiy condemned the attack, saying a market, shops and a pharmacy had been struck in the industrial city close to the battlefield. «This Russian evil must be defeated as soon as possible,» Zelenskiy said on the Telegram messaging app. «When someone in the world still attempts to deal with anything Russian, it means turning a blind eye to this reality.

In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman explores the drivers that point to Bitcoin heading to $22,000, with investor sentiment worsening after Grayscale Investment’s much-hyped legal victory against the United States Securities and Exchange Commission (SEC) on Aug. 29 and its postponement of multiple spot Bitcoin (BTC) exchange-traded fund applications.

Vladimir Putin. In March 2023, the International Criminal Court had issued an arrest warrant against Vladimir Putin accusing him of the war crime of illegally deporting hundreds of children from Ukraine. Russia has repeatedly denied its forces have engaged in war crimes, or forcibly taken Ukrainian children.

Energy stocks have been on a tear in recent weeks, with the latest boost coming from surging crude oil prices, which recently rose to their highest level of 2023 to around $87 per barrel.

In a statement, Angehrn cited the “high and permanent stress” that came with the role, which he said had led to health consequences.