Russia Financial News

Russia’s biggest banking association has demanded clarification on Moscow’s CBDC plans, and says citizens are “wary” of the digital ruble.

Russia is planning to launch a lunar mission this week after multiple delays, triggering a race with India's Chandrayaan-3 to reach the Moon's south pole. Russia hopes to return to the Moon for the first time in nearly fifty years. The launch, which is scheduled for the early hours of Friday (August 11), is Russia's first since 1976. A Soyuz rocket had been assembled at the Vostochny cosmodrome in the Russian Far East for the launch of the Luna-25 lander. The four-legged lander, which weighs around 800 kilogrammes, is expected to touch down in the region of the lunar south pole. The launch from the Vostochny cosmodrome, 3,450 miles (5,550 km) east of Moscow, will take place four weeks after India sent up its Chandrayaan-3 lunar lander which is set to touch down at the pole on August 23. The Russian space agency, Roscosmos, has outlined an ambitious timeline for its Luna-25 spacecraft. The craft is slated to embark on a five-day journey to the Moon, followed by 5-7 days in lunar orbit, culminating in a descent to one of three potential landing sites near the Moon's south pole. This carefully calculated timetable suggests that Russia could potentially match or narrowly surpass Chandrayaan-3's lunar touchdown. Navigating the challenging terrain of the moon's south pole poses a formidable challenge. However, this region holds immense scientific interest due to its speculated abundance of ice—a resource with vast implications. This ice could potentially serve as a reservoir for fuel, oxygen, and drinking water, thereby bolstering future lunar habitation endeavours.

anti-tank weapons, rocket launchers and howitzers. But Ukraine’s use of Western information technology, including artificial intelligence (ai) and autonomous surveillance systems, has also had a powerful, if less visible, impact on Russian forces. Commercial vendors supply Ukrainian troops with satellites, sensors, unmanned drones and software.

UCC Operation, Indian Cyber Mafia, Indian Cyber Force, Team 1-4-1 and Kerala Cyber Xtractors, according to Radware. Meanwhile, incidents of hacktivism have only increased in the Middle Eastern and Asian region followed by Europe, following the Russia-Ukraine war.

US jobs data. Asian currencies were down between 0.2% and 0.6%, with the offshore Chinese yuan slipping to 7.2250 to the dollar, Reuters reported. On Monday, the rupee ended 10 paise higher at 82.84 a dollar.

Global South, are quietly revising them. The Global South sees a chance to chart its own future. Nirupama Menon Rao, a former Indian foreign secretary, points to her country’s spreading of digital payments to developing nations.

NDTV, noted that as per a 2023 evaluation by the Indian Space Research Organization (ISRO), there are 27,000 recorded space entities, with a staggering 80 per cent of them being classified as space debris. "There are millions of space objects less than 10 cm in size that are uncatalogued and pose a very dangerous situation for space assets," says S Somanath, ISRO chairman. The piece further stated that the challenge posed by space debris is further compounded by the implications of anti-satellite tests, a capability limited to China, the US, India, and Russia.

Oil prices rose in early trade on Tuesday as supply concerns arising from production cuts by Saudi Arabia and Russia supported the market. Brent crude futures rose 37 cents, or 0.4%, to $85.71 a barrel at 0010 GMT, while U.S.

Also Read: Funds worth ₹215 crore frozen: US targets Indian diamond sellers over alleged Russia connection: Report The cyber-espionage teams to the North Korean government targeted Mashinostroyeniya, a rocket design bureau based in Reutov, a small town on the outskirts of Moscow. The team, secretly called as ScarCruft and Lazarus, installed stealthy digital backdoors into system at NPO Mashinostroyeniya found Reuters' James Pearson and Christopher Bing. Also Read: Ukrainian Naval Drones Attack Russian Black Sea Port Till now, there has been no clarity on wether any data was taken during the intrusion or about the information that was leaked.

Belarus is set to follow suit with Russia’s CBDC development plans – and plans to launch a digital version of the Belarusian ruble for use in “cross-border” payments.

Activision has officially declared that this year's installment of the popular game series, Call of Duty, will follow up on the events of the previous year's game. The new release, titled Call of Duty: Modern Warfare 3, is set to hit the market on November 10, as announced in a brief teaser released on Monday.

Investing.com — It’s the Saudi playbook: Cut production when demand is bad and punish your best customers (Asians) who are beholden to you. 

India's refiners exported nearly 10% less diesel and petrol in 2022-23 than in the previous year although they gained in value terms, making 26% more in dollar and 35% more in rupee terms, helped by high global prices and a depreciated rupee. It came amid reports last year that the country's refiners were doubling down on exports to serve Europe, which was shunning Russian fuel. Diesel and petrol exports combined amounted to $42 billion (about ₹3,33,620 crore) in 2022-23, securing higher profits to fuel exporters, mainly private sector refiners, and foreign exchange benefits to the country, according to the petroleum and natural gas ministry data.

India starting January as it believes those may have originated from the mines operated by Alrosa of Russia, a country which is under US sanctions. Trade sources said the restrictions are expected to be announced in September.Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council, said: «Discussions with G7 countries, the US, and our government are currently underway. Meanwhile, we are preparing ourselves to enter newer markets.

Times of India. Singham's firm deals in IT consulting, providing custom software tools and consulting services. Recently he has been accused of funding various groups which promote Chinese state media positions, while at the same time denying Uyghur genocide and also lobbying for Russian imperialism, adds the report.

A group of mostly Republican former high-level government officials is calling Gov_ Ron DeSantis' takeover of Disney World’s governing district “severely damaging to the political, social, and economic fabric of the State.”

Poland’s oil pipeline operator says that it has temporarily shut down a pipeline carrying oil from Russia to Germany after discovering a leak

Turkmenistan’s flagship carrier, Turkmenistan Airlines, has announced it will extend its suspension of flights to Moscow until the end of October, citing safety concerns after an increase in drone attacks on the Russian capital

Russia said Monday it plans to launch a lunar lander this week after multiple delays, hoping to return to the Moon for the first time in nearly fifty years. The launch, which is scheduled for the early hours of Friday, comes as Russia's Ukraine offensive stretches into a second year, sparking huge tensions with the West. With the Luna-25 lander, Russia's first since 1976, Moscow is keen to restart and build upon a pioneering Soviet-era lunar program.

Investing.com — Crude oil prices retreated Monday, handing back some of the recent strong gains in the wake of the decision of top producers Saudi Arabia and Russia to extend their output cuts.

By Natalie Grover