Ukraine Financial News

European Union countries have agreed on a new package of sanctions against Russia

The German government says Europe’s largest economy is in “troubled waters.”

By Katharine Jackson and Raphael Satter

global peace and security and bolstering partnership with it should be the cornerstone of Europe's foreign policy, Greek Prime Minister Kyriakos Mitsotakis said on Wednesday. In an address at the inaugural session of the Raisina Dialogue, Mitsotakis described the conflict in Ukraine as much more than a «local war on European soil» and that it is a «brutal challenge» to international stability and the rules-based order that India has supported. Prime Minister Narendra Modi, External Affairs Minister S Jaishankar, foreign ministers from a number of countries and a galaxy of strategic affairs experts and academicians attended the session. When it comes to shaping global debates and addressing great challenges, India is now often regarded, and rightly so, as a consensus builder and a voice of reason in an increasingly polarised world, the Greek prime minister said.

Arctic penal colony where Russian opposition leader Alexei Navalny died last week. Western leaders have expressed outrage at the news from Russian authorities that Navalny, President Vladimir Putin's most prominent domestic critic, had fallen unconscious and died in prison on Friday.

war enters its third year, the infantry of 59th Brigade are confronting a bleak reality: they're running out of soldiers and ammunition to resist their Russian invaders. One platoon commander who goes by his call sign «Tygr» estimated that just 60-70% of the several thousand men in the brigade at the start of the conflict were still serving. The rest had been killed, wounded or signed off for reasons such as old age or illness. Heavy casualties at the hands of Russian forces have been compounded by dreadful conditions on the eastern front, with frozen soil turning into thick mud in unseasonably warm temperatures, playing havoc with soldiers' health.

₹1.64 trillion for fertilizer subsidy. India already has entered into long-term agreements with Morocco, Senegal, Israel, Oman, Canada, Saudi Arabia and Jordan in the past two years as part of this playbook. Though India is moving toward gaining self-sufficiency in urea, it still depends on imports to meet its rock phosphate demand.

By Katya Golubkova

A coordinated international operation has targeted one of the leading ransomware operator group LockBit, freezing over 200 cryptocurrency accounts linked to their activities.

Uttar Pradesh, Gujarat, and Punjab, have reached out to authorities for help, including to Member of Parliament, Asaduddin Owaisi. They claim the men were promised jobs with high salaries but ended up trapped in a dangerous situation. One man, who wished to remain anonymous, said he and two others were recruited through a YouTube channel and transported to Russia in November 2023.

By Echha Jain and Lewis Jackson

Vladimir Putin's two-and-a-half decades in power, Western leaders thought they understood the strategy of the Kremlin leader and argued that Russia merited a place as an international partner. But that approach was blown apart two years ago on February 24, 2022, when Putin ordered the invasion of Ukraine, consigning to a distant past images such as that of the smiling Russian leader bounding up the steps of Macron's Mediterranean Fort de Bregancon residence in August 2019 bearing flowers for the French leader's wife Brigitte.

BEIJING (Reuters) — Oil prices regained some ground in early Asian trade on Wednesday, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts.

FMCG) industry after the slowdown became more pronounced in the December quarter. Overall volumes, which indicate number of products consumers bought, expanded 5.2% in the December quarter, lower than 6.9% in the September quarter. Sales volumes in rural markets climbed 4.8%, and in cities by 5.6%, from a year earlier, data from Kantar showed. Kantar monitors branded and unorganised products, including unpackaged voluminous commodities. Nielsen, on the other hand, tracks primarily branded retail sales. “We are likely to see another drop in the next quarter, and the current trend of slowdown is expected to stay deep into 2024," said K Ramakrishnan, managing director, South Asia, Worldpanel division, Kantar. «The mild slowdown we saw in the September quarter became even more pronounced in the December quarter.”

The White House says it is preparing additional “major sanctions” on Russia in response to opposition leader Alexei Navalny’s death in an Arctic penal colony

Japan has pledged long-term commitment to Ukraine’s reconstruction, calling it a future investment, while stressing support for the war-torn country about to mark the second anniversary of Russia’s invasion

Polish farmers have blocked border crossings with Ukraine as they intensify nationwide protest against the import of Ukrainian foods and European Union environmental policies

(Reuters) — Ukraine's state arms producer has entered into cooperation with Germany's MBDA Deutschland, part of a missiles joint venture owned by Airbus, BAE Systems (LON:BAES) and Leonardo.

Russia has never hurt India’s interests and everyone conducts a relationship based on their past experiences, was External Affairs Minister S Jaishankar’s straight reply to German economic daily, Handelsblatt. “…The relations of powers like Europe, the US, China or Japan with Russia, they have all seen ups and downs. We have had a stable and always very friendly relationship with Russia. And our relationship with Russia today is based on this experience. For others, things were different, and conflicts may have shaped the relationship. We, on the other hand, had a politically and militarily much more difficult relationship with China, for example,” Jaishankar said, adding,” My point is: just as I do not expect Europe to have a view of China that is identical to mine, Europe should understand that I cannot have a view of Russia that is identical to the European one. Let us accept that there are natural differences in relationships.” The interview was conducted during Jaishankar’s recent visit to Munich.

Hungary's ruling Fidesz party proposed on Tuesday that parliament should vote to ratify Sweden's bid to join NATO on Feb. 26, a move that it would support. «Our group wishes to support» Sweden's NATO bid, the Fidesz party said in a document, asking the Speaker of parliament to include the vote in its agenda next Monday. Fidesz has a huge majority in parliament. Sweden applied to join NATO nearly two years ago, in a historic shift in policy prompted by Russia's full-scale invasion of Ukraine.

Houthi attacks on merchant shipping continue to disrupt international trade, driving more cargoes to Asia. Flows to the European Union and the UK plunged as higher freight costs stoked by the ongoing turmoil in the Red Sea, as well as unplanned refinery maintenance in Asia, made trade economics better for sending cargoes east rather than west.