Russia Financial News

The legal team representing the United States Securities and Exchange Commission (SEC) in its civil case against Binance is requesting the court grant a motion to allow documents filed under seal.

Binance is reportedly considering a complete withdrawal from the Russian market amid growing Western sanctions on the country. 

BRICS grouping will see it controlling 46 per cent of the world's population and 30 per cent of its economic output, according to a research paper. At the latest BRICS summit in Johannesburg last week, the present members — Brazil, Russia, India, China and South Africa — decided to add Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members of the grouping. The new members will become part of BRICS effective January 1, 2024. The acronym BRICS was originally coined in 2001 by Goldman Sachs economists led by Jim O'Neill.

Russia-Ukraine conflict has thrust the significance of drones into the global spotlight. Notably, the Ukrainian military has effectively harnessed low-cost drones to confront the formidable Russian military.

Kupiansk on Tuesday morning, Ukrainian officials said. The town in the Kharkiv region was seized by Moscow soon after Russia's invasion 18 months ago, recaptured by Kyiv last September, and under frequent fire again as Moscow tries to hit back in the northeast. Some residents remain in the town, but regional authorities have ordered a mandatory evacuation of civilians from near the Kupiansk front because of the difficult situation. Regional governor Oleh Synehubov said the man killed on Tuesday was a guard at a meat processing plant that was hit in the latest shelling. The prosecutor general's office said a 67-year-old man had also been hurt during the shelling. Reuters could not verify the situation in the town, or reports from the battlefield. Kupiansk was home to about 27,000 people before the war and is a rail hub about 100 km (62 miles) east of the regional capital, Kharkiv.

Yevgeny Prigozhin's deputies who was killed with his boss in a plane crash last week, though the Kremlin said President Vladimir Putin had no plans to attend Prigozhin's funeral. The family of Valery Chekalov, the head of Wagner logistics, was joined by dozens of people, some of whom Reuters identified as Wagner mercenaries, at the Severnoye cemetery in St Petersburg, Russia's former imperial capital. A Russian Orthodox priest said prayers and swung a censer before Chekalov's coffin as family, friends and former colleagues, some holding bunches of flowers, bade farewell, Reuters video showed. Some, including women and children in sunglasses, came forward to kiss his coffin. Unidentified mourners at the funeral ordered a Reuters videographer and photographer to stop filming. The private Embraer Legacy 600 private jet on which Prigozhin was travelling to St Petersburg from Moscow crashed in the Tver region north of Moscow on Aug.

Putin is not planning to attend the funeral for Yevgeny Prigozhin, the Kremlin said, following reports that the mercenary chief who challenged the Russian leader's authority would be buried Tuesday. Kremlin spokesman Dmitry Peskov wouldn't say where or when the chief of the Wagner Group military company would be buried, adding that he couldn't comment on a private family ceremony. St. Petersburg's Fontanka news outlet and some other media said the 62-year-old Prigozhin could be laid to rest as early as Tuesday at the city's Serafimovskoye cemetery, which has been used for high-profile military burials.

Ukraine since Russia's 2022 invasion and others have been badly damaged, the U.N.

The world's largest crypto exchange Binance has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to fall in line with international financial sanctions.

Polish security authorities are investigating multiple cases of disruption to railway traffic, after unauthorized radio signals stopped several trains over the weekend

President Vladimir Putin of Russia will be unable to attend the G20 Summit in New Delhi, the Kremlin announced last week. This came after Russia’s longtime leader also skipped the BRICS Summit in South Africa. Putin will also skip the East Asia Summit in Jakarta, which will see Prime Minister Narendra Modi participate.

BRICS countries to reach an understanding with China on the issue of cross-border terrorism, said the State Bank of India (SBI) in a new research report. The report stated that there is a need for India and China to increase cooperation on issues like river water (Brahmaputra) data sharing, entry of Indian pharmaceutical companies into China, etc.

Surat, a hub for diamond processing, is facing a s... moreSurat, a hub for diamond processing, is facing a severe crisis.

That sobering view of a post-pandemic global economy emerged from research organized by the Kansas City Federal Reserve and debated here this past weekend. It explored issues like the outlook for technological innovation, public debt, and the state of international trade at a time when the Russian invasion of Ukraine and conflict between the U.S.

Joe Biden will speak about various issues including the social effects of the Russia-Ukraine war, climate change, the capacity of the multilateral development banks to better fight poverty, etc., said White House press secretary Karine Jean Pierre in a media briefing on Monday. “President Biden will reaffirm the US commitment to the G20 as the premier forum of economic cooperation globally. He will discuss a range of joint efforts to tackle global issues, from the clean energy transition, the significant transnational challenges that are afflicting countries across the world, and others," she said as quoted by ANI.

G20 Summit in New Delhi, US President Joe Biden will commence his one-day visit to Vietnam on September 10. He will travel to Hanoi, the Vietnamese capital, to meet with General Secretary Nguyen Phu Trong and other leaders.

Bloomberg News that the leaders “will launch a kind of manifesto calling attention to the need to improve labor relations," that would touch on work environments and pay. Scheduled for September 19, the meeting will follow the addresses of both presidents to the General Assembly.

Joe Biden will «reaffirm US commitment to the G20» as the premier forum of economic cooperation globally and will also speak about a range of issues, including the social effects of Russia's war in Ukraine, the White House said on Tuesday. White House press secretary, Karine Jean Pierre made the remarks during a media briefing. Announcing the President's schedule, Pierre said that Biden «will travel to Hanoi, Vietnam, on September 10 following his participation in the G20 Summit in New Delhi.» Responding to a question on topline goals President Biden hopes to accomplish at G20, the White House press secretary said, «President Biden will reaffirm the US commitment to the G20 as the premier forum of economic cooperation globally.» She also said that President Biden will «discuss a range of joint efforts to tackle global issues, from the clean energy transition and combating climate change to mitigating the economic and social impacts of Russia's war in Ukraine, to increasing the capacity of the multilateral development banks to better fight poverty and take on the significant transnational challenges that are afflicting countries across the world.» US President Joe Biden will travel to India on a four-day visit to attend the G20 Leaders' Summit in September in New Delhi during which he will discuss joint efforts to tackle global issues like climate change, including the Ukraine war with member nations, White House confirmed in a statement on August 22. It said Biden and G20 partners will also discuss clean energy transition and combating climate change increasing the capacity of multilateral development banks. India is set to host G20 Summit on September 9 and 10. Prime Minister Narendra Modi visited the US in June, where

Polish security authorities are investigating multiple cases of disruption to railway traffic, after unauthorized radio signals stopped several trains over the weekend

Cryptocurrency exchange Binance may be considering withdrawing its services from Russia amid sanctions from countries including the United States.

ransomware attacks, with organized cybercrime activity posing a threat to national security, economy and critical infrastructure, officials are warning.The Canadian Centre for Cyber Security released a report Monday, saying that over the next two years, “financially-motivated cybercriminals will almost certainly continue to target high-value organizations in critical infrastructure sectors in Canada and around the world.”In particular, the agency categorized ransomware — in which digital files are held hostage or encrypted until a fee is paid — as the “most disruptive” form of cybercrime facing Canada.“Ransomware has become one of the most devastating types of cybercrime, impacting individuals, businesses, and government agencies,” the report said.“Over the next two years, we assess that cybercrime activity in Canada will very likely increase.”The warnings come amid a year that has seen dozens of high-profile cyberattacks and ransomware targeting major businesses, healthcare networks, law enforcement and governments around the world.Among all the ransomware incidents in Canada, the top sectors targeted in 2022 were manufacturing, businesses and professional services, information and communication technology, retail and consumer goods, and healthcare and pharmaceuticals.Meanwhile, the top ransomware variants included LockBit, Conti, BlackCat/ALPHV, Black Basta and Karakurt.The report assessed Russia, and to a lesser degree Iran, as likely “safe havens” for cybercriminals operating against Western targets.“We assess that Russian intelligence services and law enforcement almost certainly maintain relationships with cybercriminals and allow them to operate with near impunity,” the centre said.Canadian retailers and