Russia Financial News

Russian authorities have accused Ukraine in yet another drone attack on Moscow and its surroundings

Private sector refiners helped boost India's imports of Russian oil in July after a decline in June amid reports of narrowing discounts. India imported 1.92 million barrels a day of Russian crude in July, almost reaching the record levels of May, according to energy cargo tracker Vortexa. Imports in July were 5% higher than in June and barely 6,000 barrels per day lower than in May.

BEIJING—Sparsely populated and sandwiched between two authoritarian powers, Mongolia is positioning itself as a resource-rich, democratic partner for the U.S. in Asia amid growing competition between Washington and Beijing over the minerals needed to pursue cleaner energy. That push will be at the heart of a visit by Mongolia’s prime minister to Washington this week, as his country attempts to draw itself closer to the West in a bid to diversify its economy without angering its powerful neighbors Russia and China.

Huge hikes in food prices and other daily essentials in European markets are coming to an end. That’s the message coming loud and clear from the big European retailers and consumer-goods companies. While this should bring relief to suffering consumers, it means different challenges for supermarkets and manufacturers.

₹4,250 per tonne from ₹1,600, while diesel now faces a levy of ₹1 per litre (as against nil earlier), according to a new government notification. As crude oil prices—which have hit a three-month high—look set to boost the profits of Indian refiners again, the Centre seems keen to get its pound of flesh. The question, though, is whether the levy should exist at all.

The National Bank of Ukraine (NBU) has requested local cryptocurrency firms to file details of their financials, raising concerns over new regulatory measures. 

Food price inflation also slowed to its lowest level this year, with falling prices across key staples such as oils, fats, fish, and breakfast cereals.

Investing.com — Crude oil prices retreated Tuesday, handing back some of last month’s strong gains on worries about slowing global growth, while strength in the dollar also weighed.

The government of Ukraine has recently approached the local cryptocurrency industry with a new request to provide certain financial information. 

(Reuters) — Asset manager BlackRock (NYSE:BLK) and index provider MSCI are being investigated by a congressional committee for allegedly facilitating China investments, Wall Street Journal reported on Tuesday, citing letters to the companies from the panel.

However, both the movies have created an uproar in Japan, all thanks to a meme. The Japanese chapter of Warner Bros condemned the ‘Barbenheimer’ meme and demanded the producers of both films to apologise. The meme is a viral fan-made poster shared by a film discussion Twitter account @DiscussionFilm.

Berger Paints will consider a proposal to issue bonus shares to investors on August 9, along with the first quarter financial results. «The Board may also consider a proposal for issue of bonus shares by capitalisation of reserves, subject to approval of the shareholders in the forthcoming meeting,» the company said in a filing on Tuesday. The company has not yet announced the record date for the same.

Starting August 1, Russia has started issuing electronic visa (e-visa) to Indian passport holders that helps visitors get travel approval faster for diverse purposes such as business trips, guest visits, and tourism. The e-visa can be used just like any other regular visa, eliminating the need to check with embassies or any other associations.

Zhanna Samsonova has reportedly died of self-imposed starvation, after years of living on a ‘raw’ diet consisting mostly of an exotic Malaysian fruit. The 39-year-old Russian influencer, who is known as Zhanna D’Art to her legion of fans on Instagram, TikTok, and Facebook, used to often post on healthy living and sticking to ‘raw’/uncooked meals. However, this ultimately led to her untimely death.

Russia's invasion of Ukraine. Profit after tax plunged to $1.8 billion in the three months to the end of June compared with $9.3 billion in the second quarter last year, BP said in a statement, mirroring hefty falls across the sector.

vegan influencer, Zhanna Samsonova, popularly known as Zhanna D'Art on social media, has reportedly passed away due to starvation after adhering to a raw vegan diet for years. The news has raised concerns about the potential dangers of extreme dietary practices. The Russian national had been promoting raw foods on her social media platforms, attracting a considerable following.

@elonmusk, while you try to colonize Mars —Russia try to occupy Ukraine! While your rockets successfully land from space—Russian rockets attack Ukrainian civil people! We ask you to provide Ukraine with Starlink stations and to address sane Russians to stand. Mr Musk replied to him within hours, saying that the Starlink service had been turned on over Ukraine and that the hardware would follow. Within days lorries full of the pizza-sized flat dishes used to access the satellites began to arrive in Ukraine.

These moments, which might seem unrelated, represent a transformation in world trade. US-China tensions and Russia’s invasion of Ukraine are leading companies to bring supply chains closer to home. A shift from fossil fuels is spurring demand for materials essential for electrification.

BRICS Summit in South Africa on August 22-24 rather than a physical presence in the backdrop of geopolitical developments that would see Russian President Vladimir Putin addressing the Summit virtually. While no final decision has been arrived at and no official announcement has been made, there is a possibility that Modi may attend the Summit virtually, ET has learnt. Officials are brainstorming with this idea and a final decision will be taken in due course, a source indicated.

Last week, the United States took a step closer to regulatory clarity for its crypto industry. In a 35–15 vote, the House Financial Services Committee (FSC) approved the Financial Innovation and Technology for the 21st Century Act. The bill is intended to establish rules for crypto firms on when to register with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC).

Petronet LNG is yet to recover Rs 1,265 crore of ‘use or pay’ charges from its customers, and is trying to find some ‘amicable solution’, its managing director has said. “The company has booked income towards "use or pay charges" of Rs 848.92 crores and Rs 415.91 crores in the financial year 2022-23 (for calendar year 2022) and financial year 2021-22 (for calendar year 2021) respectively on account of lower capacity utilization by its customers. The balance confirmation/ payment against the same is yet to be received,” the auditors flagged in the earnings statement.Petronet LNG is pursuing the matter with customers and is hopeful of a solution, managing director A K Singh said, adding that customers will be able to pay the charges once their businesses stabilize.