Russia Financial News

Russia unleashed intense overnight drone and missile attacks that officials said damaged critical port infrastructure in southern Ukraine, including grain and oil terminals, and wounded at least 12 people

Vladimir Putin will not attend a BRICS nations summit in South Africa next month, the country's presidency said on Wednesday, ending months of speculation. Putin's potential visit has been a thorny diplomatic issue for South Africa. The Russian leader is the target of an International Criminal Court arrest warrant — a provision that Pretoria as an ICC member would be expected to implement were he to set foot in the country. «By mutual agreement, President Vladimir Putin of the Russian Federation will not attend the summit, but the Russian Federation will be represented by Foreign Minister Mr (Sergei) Lavrov,» Vincent Magwenya, a spokesman for President Cyril Ramaphosa, said in a statement. The decision follows «a number of consultations» held by Ramaphosa in recent months, the most recent of which took place «last night,» Magwenya said.

Russia has appointed Chechnya’s agriculture minister as the new head of Danone’s business in the country and tapped a Russian businessman to run Carlsberg’s operations there, cementing control of the Western multinationals’ Russian assets days after they were seized. President Vladimir Putin on Sunday signed a decree that effectively placed the local operations of the French food company and Danish brewing giant under government management. Russia’s unexpected seizure of assets belonging to two of the world’s largest consumer-goods companies marked an escalation in economic hostilities with the West amid the war in Ukraine.

British spies are already using artificial intelligence to hamper the supply of weapons to Russia, the head of Britain’s MI6 agency said Wednesday, predicting that Western spies will increasingly have to focus on tracking the malign use of AI by hostile states. In a rare public speech, Richard Moore also urged Russians who oppose the invasion of Ukraine to spy for Britain, saying others had already done so since the war began.

Social media site Reddit faces being fined for the first time in Russia for not deleting «banned content» that Moscow says discredits the Russian army, the Interfax news agency reported on Wednesday, citing a Moscow court. Reddit joins a list of sites under scrutiny in Russia for failing to remove content that Moscow deems illegal, including Wikimedia, streaming service Twitch, and Google.

By Nick Starkov

Russian experts think the Central Bank will roll out its digital ruble by 2025, with the nation’s biggest banks expressing their eagerness to work with the central bank digital currency (CBDC).

Russia-Ukraine war and central bankers’ tightening spree to get the upper hand in their battle against inflation. As a result of the double whammy impact of geopolitical tension and higher borrowing cost, the USD being a global cycle currency traded at the highest level in 21 years. At the same time, the Indian rupee was seen steadily depreciating from 74.50 to 83.25, a fall of more than 11%.

India has significantly improved its passport ranking by rising 5 spots from last years and is now ranked 80th in the latest Henley Passport Index. Owning to this, Indians can travel to 57 destinations completely visa free or visas on arrival arrangements.  However, it is to be noted here that India has scored poorly in mobility.

Investing.com-- Oil prices moved little in Asian trade on Wednesday after strong gains in the prior session, as traders awaited more signals on stimulus spending in major importer China, while official data on U.S. inventories was also due later in the day.

Joe Biden of ‘not capable’ of dealing the world leaders. Trump also claimed of having good relationships with both Zelenskyy and Putin. In the interview, Donald Trump said that leaders like Emmanuel Macron, Vladimir Putin, are people who are top in their games.

Russian president is invited. He was responding to a petition by South Africa’s largest opposition political party, the Democratic Alliance, that asked a court in Pretoria to force the government to arrest Putin if he attended the summit. Putin is the subject of an arrest warrant as per the International Criminal Court (ICC) if he leaves Russian soil.

«We expect the gradual up move in the market to continue given the positive macro and micro factors. We suggest investors to look for a buy on dips strategy as the Q1 earning season is expected to be healthy,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a shift trading range in between 19400 to 20000 zones while an immediate trading range in between 19550 to 19900 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded 6 points, or 0.03 per cent, lower at 19,797.50, signaling that Dalal Street was headed for muted start on Wednesday.

A lawyer representing Chinese citizens in Florida has told a federal judge that a new law banning them and some other foreign nationals from purchasing property in large swaths of the state violates federal housing discrimination laws

By Katya Golubkova

House Republicans are searching for solutions to climate change without restricting American-produced energy that comes from burning oil, coal and gas

European Union and Latin American leaders have concluded a summit that was supposed to be a love-in after eight years of separation, but instead ended with aggravation over the failure to unanimously support even a bland statement on Russia’s invasion ...

A meeting in India of finance chiefs and central bank governors of the Group of 20 leading economies has ended without consensus because of differences over the war in Ukraine

A representative of BBC staff in Cairo on a three-day strike for equal pay with colleagues in the Middle East has accused the broadcaster of “gross discrimination.”

South Africa’s president says that arresting Russian President Vladimir Putin — should he show up at an economic summit next month in Johannesburg — would amount to a “declaration of war” by his country

For millions in the U.K., the cost-of-living crisis just never seems to ease