Russia Financial News

The era of France’s arm-twisting interventionism in Africa may finally be over

Turkish President Recep Tayyip Erdogan has meet with Vladimir Putin in a bid to persuade the Russian leader to rejoin the Black Sea grain deal that Moscow broke off from in July

By Pavel Polityuk, Tom Balmforth and Luiza Ilie

Vladimir Putin said Monday that the grain deal that allowed Ukraine to export grain safely through the Black Sea won't be restored until the West meets its obligations to facilitate Russian agricultural exports. Putin made the statement after talks with Turkish President Recep Tayyip Erdogan, who along with the U.N. brokered the deal seen as vital for global food supplies, especially in Africa, the Middle East and Asia.

A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies.

Jim O'Neill came up with the term ‘BRIC’ (Brazil, Russia, India and China) in 2001, little did he know that the acronym would become the groundwork for an ambitious alliance of the world’s highest-potential large economies. That potential is, in a way, now spreading, even as more nations dare to dream beyond the West’s hegemony. The BRICS bloc was born in 2009 as a response to the changing global economic landscape, aiming to promote cooperation on common challenges.

By Paul Carsten

NEW DELHI (Reuters) — Leaders of the world's richest and most powerful countries will attend the two-day G20 Summit in India's capital New Delhi starting September 9.

MOSCOW (Reuters) -President Vladimir Putin told Turkey's Tayyip Erdogan on Monday that Russia was open to discussions about the Black Sea (NYSE:SE) grain deal, an agreement that helped get Ukraine's grain to market and thus ease a global food crisis.

Investing.com — Oil prices edged lower Monday, handing back some of the previous week’s strong gains but remaining near three-week highs on expectations that major producers will keep supplies tight.

Investing.com -- Chinese shares jump as traders bet that recent U.S. unemployment figures may convince officials at the Federal Reserve to keep interest rates steady this month, while markets awaited more possible stimulus measures from Beijing. Elsewhere, international leaders prepare to attend the G20 summit in India later this week, although the gathering will not feature Chinese President Xi Jinping.

In a surprising turn of events, Chinese President Xi Jinping has opted not to attend the upcoming Group of 20 (G20) summit in India. This decision, which follows his recent participation in the BRICS summit in South Africa, raises significant questions about the G20’s status as the premier global leadership forum.

Also Read: Ahead of G20 Summit, ‘Delhi Banega Khalistan’ slogan found in over 5 metro stations; probe on The graffiti, featuring phrases like 'Delhi Banega Khalistan' and 'Khalistan Referendum Zindabad,' was discovered spray-painted in black at various metro stations, including Punjabi Bagh, Shivaji Park, Madipur, Paschim Vihar, Udyog Nagar, Maharaja Surajmal Stadium, and Nangloi, all located in western Delhi. Authorities have raised suspicions that Pannun's audio message has revealed his affiliations with the ISI and their agenda referred to as K2 (Kashmir-Khalistan).

Kotak Securities on Monday said that crude oil prices witnessed over 7% upside last week, biggest since March, as Russia signaled that it would extend export curbs and bets that Saudi Arabia will extend in October its voluntary monthly production cut of one million barrels per day introduced in July. Ravindra Rao, head of commodity research at Kotak Securities said, “WTI Crude oil futures surged more than 7% during the previous week and closed at $85.55 per barrel, as signs of tightening physical markets and continued efforts by Chinese authorities lifted the sentiments." The price of India oil crude basket rose 7.54% in August, reaching $86.43 a barrel. Analysts believe that despite recessionary concerns, output cuts, stimulus measures in China, and hopes of improved winter demand may keep the prices elevated.

Shares of Leo Lithium crashed 50 per cent on Monday as Mali’s military regime halted the miner’s plans to ship its first ore amid escalating problems engulfing its African lithium dream in the war-torn country.

Financial Times. As per data analyzed for the FT by the Kyiv School of Economics, the four biggest banks in China have quadrupled their exposure to Russia's banking sector since the war in the Ukraine region, Bloomberg reported.

Narendra Modi are scheduled to engage in one-on-one discussions on Friday evening. Speaking about his visit to India and Vietnam, Biden said, "I want a little more ...

Day trading guide for today: On account of strong global market cues as China’s factory activity for August expanded and its central bank announced a cut in reserve requirements to boost the economy, Indian stock market finished higher on Friday. NSE Nifty went up 181 points and ended at 19,435 levels, BSE Sensex gained 555 points and closed at 65,387 mark while Bank Nifty index finished 446 points higher at 44,436 levels. Upstream oil companies were in the limelight as Brent crude surged to a 1-month high on the back of tighter US inventories and Russia signalled to curb oil export.

Ukraine President Volodymyr Zelenskyy said Sunday that defense minister Oleksii Reznikov will be replaced this week with Rustem Umerov, a Crimean Tatar lawmaker. Zelenskyy made the announcement on his official Telegram account, writing that new leadership was needed after Reznikov went through «more than 550 days of full-scale war.» Later in his nightly address, Zelenskyy said he believes «that the Ministry needs new approaches and different formats of interaction both with the military and with society.» «The Verkhovna Rada (parliament) of Ukraine is well acquainted with this person, and Umerov does not require additional introductions. I expect support for this candidacy from parliament,» the president told the nation. Umerov, 41, a politician with the opposition Holos party, has served as head of the State Property Fund of Ukraine since September 2022. He was involved in the exchange of prisoners of war, political prisoners, children and civilians, as well as the evacuation of civilians from occupied territories. Umerov was also part of the Ukrainian delegation in negotiations with Russia over the U.N.-backed grain deal.

Ukraine's President Zelenskyy announces that Defense Minister Oleksii Reznikov will be replaced by Rustem Umerov this week. Zelenskyy announced on his official Telegram account, writing that new leadership was needed after Reznikov went through "more than 550 days of full-scale war." In a night address, the Ukrainian President added that he believes “that the Ministry needs new approaches and different formats of interaction both with the military and with society." “The Verkhovna Rada (parliament) of Ukraine is well acquainted with this person, and Umerov does not require additional introductions. I expect support for this candidacy from parliament," Zelenskyy added.

By Olivia Kumwenda-Mtambo