Ukraine Financial News

₹3,300 per tonne and has also reintroduced a ₹1.5 per litre special additional excise duty (SAED) on the export of diesel. For the past two weeks, the SAED on the sale of locally produced crude oil stood at ₹3,200. The duty on the export of diesel was at zero since 1 January.

By Timothy Gardner

Oil India Ltd 4%. Queries mailed to TotalEnergies, OVL, BPCL and Oil India remained unanswered till press time. Efforts to resume operations follow volatility in the global energy market due to the Ukraine war.

(Reuters) -Cenovus Energy fell short of analysts' estimates for quarterly profit on Thursday, due to lower refined product pricing in the U.S. and price realizations in the oil sands segment.

BRUSSELS—With a war raging nearby and the threat that a second Trump administration could pull the U.S. out of NATO, Europe has ratcheted up military spending. Arms manufacturers are working around-the clock, and new factories are going up to meet demand.

economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade. Despite growing 1.9 percent, Japan's nominal 2023 gross domestic product in dollar terms was $4.2 trillion, government data showed, compared with $4.5 trillion for Germany, according to figures released there last month.

Poland’s National Security Bureau says the country's president has met the CEO of U.S. manufacturer Lockheed Martin about strengthening security in the region and continued U.S. investment in Poland’s military weapons and equipment

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Nilesh Shah, MD of Kotak Mahindra AMC says there are mixed signals in the market for various segments. While there is a green signal for large caps, there are red signals for micro, mini-caps and SMEs. In an interview with Mint, Shah recommends investors should maintain a neutral allocation to equity with a long-term view while keeping some cash to increase exposure when valuation is cheaper.

Bloomberg has reported. His comments came in a forum which was held on X Spaces. In the forum, the discussions included opponents of a Senate bill that would provide further assistance for Ukraine to continue battling the full-scale Russian invasion that began two years ago.

The United Nations' cultural agency says Ukraine will need nearly $9 billion over the next decade to rebuild its cultural sites and tourism industry following Russia’s invasion and war

NATO is a "sacred commitment" for the US, President Joe Biden has said as he slammed his predecessor Donald Trump for his recent remarks encouraging Russia to attack certain nations of the 74-year-old military alliance by calling the comments «dangerous» and «un-American». Biden said the remarks by Trump, his likely challenger in the November 5 Presidential polls, underscored the urgency of passing a USD 95 billion foreign aid package for US allies. The bill just passed the Senate, but it faces political headwinds in the House. At the White House on Tuesday, Biden said a failure to pass the package — which includes USD 60bn for Ukraine — would be «playing into Putin's hands».

Investing.com-- Oil prices fell in Asian trade on Wednesday after industry data pointed to an outsized build in U.S. crude inventories, while markets were also reeling from a hot inflation reading that further dented bets on early rate cuts by the Federal Reserve. 

Russia is preparing for a military confrontation with the West within the next decade and could be deterred by a counter build-up of armed forces, Estonia's Foreign Intelligence Service said on Tuesday. A growing number of Western officials have warned of a military threat from Russia to countries along the eastern flank of Nato, calling for Europe to get prepared by rearming. The chief of the intelligence service said the assessment was based on Russian plans to double the number of forces stationed along its border with Nato members Finland and the Baltic States of Estonia, Lithuania and Latvia.

Donald Trump's imploring Republicans to pass fresh aid for Ukraine. “For God sake, it’s dumb, it’s shameful, it’s dangerous, it’s un-American," Joe Biden said on Tuesday at the White House, referring to the former president’s comments. Donald Trump, the 2024 Republican presidential frontrunner, said that he would not want the US to come to the defense of NATO allies who did not meet the alliance’s targets for defense spending if Moscow attacked them.

Quiver Quantitative — The Democratic-controlled Senate's recent passage of a $95.3 billion aid package, heavily backed by President Biden, represents a significant moment in the United States' foreign policy landscape. This comprehensive package, earmarking substantial funds for key allies including Israel and Taiwan, showcases a concerted effort to assert a robust American presence on the global stage. However, as this legislative victory unfolds, it encounters a complex web of political challenges, particularly with the bill's forthcoming battle in the GOP-dominated House. Speaker Mike Johnson's call for modifications, potentially reviving border security debates, underscores the intricate balance between international support and domestic policy priorities.

By David Morgan

TASS citing a source. Kremlin spokesman Dmitry Peskov said that Kaja Kallas had been put on a wanted list for hostile actions against Russia and the “desecration of historical memory".

Ex-Prime Minister Alexander Stubb has narrowly won Finland’s presidential election runoff on Sunday against former Foreign Minister Pekka Haavisto

Finland is getting a new president after former Prime Minister Alexander Stubb narrowly won a runoff vote

returned to the White House, which version will it be? The one who cajoled allies to spend more on defence, reinforced NATO troops on the eastern flank and began to arm Ukraine; or the one who threatened to leave the alliance and embraced Vladimir Putin? To judge from his latest election-campaign outrage, he is likely to prove the wrecker of the Western alliance. At a rally on February 10th Mr Trump, the near-certain Republican presidential nominee recounted how the leader of a “big country" once asked him whether America would defend an ally that was “delinquent" on its payments, presumably one that was not meeting the NATO target of spending 2% of GDP on defence. “No, I would not protect you," Mr.