Russia Financial News

BEIJING (Reuters) -China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard «national security and interests» amid escalating tension with the United States over access to technology.

Russian private military company Wagner Group’s march towards Moscow in June triggered a 277% surge in trading volume between the stablecoin Tether (USDT) and the Russian fiat currency.

By Alexander Marrow and Elena Fabrichnaya

Investing.com — Crude oil prices rose Monday, on track for the biggest monthly gains in over a year on expectations of a further tightening in supply as well as U.S. growth optimism.

'A failure to invest in defence and security firms also damages the economy.'

Scoring the biggest gain for oil in 18 months is one thing; keeping it going is another. That’s what OPEC will attempt this week as the world’s biggest crude producers sit again to strategize how to manipulate the market their way, as top importer China continues to show signs of economic weakness.

China has imposed restrictions on exports of long-range civilian drones, citing Russia’s war on Ukraine and concern drones might be converted to military use

Oppenheimer, the story of a man, and all humanity, becoming “death, the destroyer of worlds.” Real life seems hell-bent on imitating art these days. The blame for the global spike in nuclear anxiety belongs mainly, but not exclusively, to Russian President Vladimir Putin. Surely the situation brought about by his invasion of Ukraine and his recurring rattles of the atomic saber must also change how the US thinks about its own atomic strategy.

Britain says it will grant hundreds of new oil and gas licenses in the North Sea in a bid for energy independence

UK government said Monday it would issue «hundreds» of new oil and gas licences in the North Sea to secure energy reserves while still aiming for net zero carbon emissions by 2050. «Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence,» Prime Minister Rishi Sunak's office said in a statement.

Read more of our recent coverage of the Ukraine war The war in Ukraine has reconfigured global flows of oil and gas. Less visible has been its impact on another supply chain: that of the so-called rare gases—neon, krypton and xenon—which are used in everything from chipmaking to medicine to space propulsion. Russia and Ukraine have long been big suppliers, accounting for about 40-50% of the global supply of neon before the conflict, and 25-30% of xenon and krypton, according to John Raquet of Spiritus Consulting, an industrial-gas specialist.

Russia's military said it had halted Ukrainian forces in the northeast. The military also said it brought down down three Ukrainian drones which had tried to strike Moscow and damaged a high-rise building reported to house government offices. Ukrainian President Volodymyr Zelenskiy described Sunday as «a good day, a powerful day» at the front, particularly near Bakhmut, where Ukrainian forces say they are retaking ground lost when Russian forces took the city in May.Ukraine did not directly claim responsibility for the drone attacks but Zelenskiy said the war was «gradually returning to Russia's territory — to its symbolic centres».

New Delhi: Russia’s largest integrated petrochemicals company PJSC Sibur Holding’s plan to build a large petrochemical plant with state-run Indian Oil Corp. Ltd (IOC) at Paradip has hit a roadblock due to the sanctions amid ongoing Russia-Ukraine war, said two people aware of the development. The two partners were slated to sign an agreement for the facility but Sibur, also Russia’s largest liquefied petroleum gas producer, has kept its plan on hold following the sanctions on Moscow amid the Ukraine war.

India is expected to send a senior diplomat to represent the country at a peace summit seeking to find a way to end the conflict between Russia and Ukraine organised by Saudi Arabia in Jeddah in early August, ET has learnt. India, Brazil and South Africa have been invited to attend the meet of 30 nations as part of Saudi efforts to initiate deal between Ukraine and Russia.

By Andrew Osborn

One drone targeting Moscow was shot down on the city's outskirts and two others were «suppressed by electronic warfare» and smashed into an office complex early on Sunday, the Russian defence ministry said, adding that there were no injuries. Moscow and its environs, lying about 500 kilometres (310 miles) from the Ukrainian border, had rarely been targeted during the conflict in Ukraine until several drone attacks this year. Following the attacks, Ukrainian President Volodymyr Zelensky warned that «war» was coming to Russia. «Gradually, the war is returning to the territory of Russia — to its symbolic centres and military bases, and this is an inevitable, natural and absolutely fair process,» Zelensky said on a visit to the western city of Ivano-Frankivsk.

The collapse of the Black Sea grain deal and a series of missile strikes on Ukrainian grain silos and ports have left farmers with few options to export their grain — and all of them are getting more expensive

Mint reported on 18 July that India is exploring such a deal with Russia. The move to implement these deals guaranteeing superfast clearances at ports comes in the context of a slowdown in merchandise exports amid a global demand slowdown.

Russia after three Ukrainian drones were downed over Moscow. «Gradually, the war is returning to the territory of Russia — to its symbolic centres and military bases, and this is an inevitable, natural and absolutely fair process,» Zelensky said on a visit to the western city of Ivano-Frankivsk.

video games such as Minecraft and World of Tanks are allegedly being used to spread Russian propaganda by Kremlin, a report has claimed. The report in New York Times report has claimed how the Russian players have been actively taking a dig into Ukraine through games and social media.

KYIV (Reuters) — President Volodymyr Zelenskiy said on Sunday that he expects Russia to resume its attacks on Ukraine's energy system once cold weather returns later this year, and vowed to do everything possible to protect the power grid.