Ukraine Financial News

Visiting South Sudan President Salva Kiir has agreed in a meeting with Russia’s president to expand their relationship in energy, trade and other areas, notably oil

House Speaker Kevin McCarthy is digging in on his refusal to take up Senate legislation designed to keep the federal government fully running beyond midnight Saturday

Slovakia holds an early parliamentary election on Saturday that pits populist former Prime Minister Robert Fico who campaigned on a clear pro-Russia and anti-American message against a liberal pro-West newcomer

Russian President Vladimir Putin has ordered one of the top commanders of the Wagner military contractor to take charge of “volunteer units” fighting in Ukraine

GENEVA (Reuters) -Global health aid agency Unitaid has written to Johnson & Johnson (NYSE:JNJ)'s (J&J) CEO Joaquin Duato, urging «immediate action» to expand access to the company's tuberculosis drug bedaquiline, which is protected by patents hindering generic alternatives.

exports received a much-need boost on account of free trade agreements (FTAs) with UAE and Australia with shipments to both nations surging 9% in April-August period of the financial year 2023-24 even as overall engineering exports slipped during the period under review. Engineering exports to UAE in April-August period of FY24 increased 9% year-on-year to $2.24 billion. In the same period, engineering exports to Australia also jumped 9% year-on-year and stood at $596.14 million as compared to $548.62 in April-August period of FY23. Overall engineering exports in April-August period of 2023-24 dropped 4.55% to $44.62 billion as against $46.74 billion in April-August period of 2022-23. Notably, engineering exports to Russia surged 178% year-on-year to $568.41 million in April-August period of FY24.

Restrictions on food exports are spilling over from rice and wheat to other essentials

NEW DELHI : Oil India Ltd (OIL) has appointed legal and tax consultants to explore ways to repatriate its $150 million in dividend stuck in Russia, the state-run firm’s chairman and managing director Ranjit Rath said. In an interview, Rath said the money is currently parked in SBI’s Moscow branch. OIL is part of two Indian consortiums that have stakes in several Russian oilfields in Siberia.

By Jan Strupczewski

By Jan Strupczewski

Germany and Israel have signed an agreement for Berlin to buy the sophisticated Arrow 3 missile defense system, designed to intercept long-range ballistic missiles

Restrictions on food exports are spilling over from rice and wheat to other essentials

China has bought several hundred thousand metric tons — trad Chinese importers are believed to have made large purchases of animal feed corn from Ukraine in the past two weeks, traders in Asia and Europe said on Thursday, providing a boost for the war-ravaged country from an unlikely source. The traders were unable to say the exact volumes but several said they amounted to several hundred thousand metric tons. A Ukrainian government source also confirmed corn sales to China, a key ally of Russia, particularly since Moscow's full-scale invasion of Ukraine in February 2022. «Importers in China have bought around 10 to 12 Panamax cargoes of Ukrainian corn for November/December shipment,» said a Singapore-based trader at an international grains trading company, referring to a size of ship with a capacity that typically exceeds 60,000 tons of grain. «Ukraine is the cheapest origin for corn as of now,» the trader said. A Ukrainian government source said: «I cannot tell you the volume, but I know that many (traders) did it and it is a good trend (for Ukrainian corn).» Russia has tried to impose a de facto blockade on seaborne Ukrainian grain exports through the Black Sea.

NATO Secretary-General Jens Stoltenberg met with President Volodymyr Zelenskyy to discuss the status of the war and needs of troops on Thursday, the day after Russia accused Ukraine's Western allies of helping plan and conduct last week's missile strike on the Black Sea Fleet's headquarters on the annexed Crimean Peninsula. Zelenskyy said Stoltenberg agreed to make efforts to get NATO members to help provide additional air defense systems to protect Ukraine's power plants and energy infrastructure that were badly damaged in relentless and deadly attacks by Russia last winter. He also reminded the secretary-general of the persistent attacks that often strike civilian areas, including 40 drone attacks overnight.

German inflation fell in September to its lowest level since Russia launched its full-scale invasion of Ukraine, signalling what could be the beginning of the end for the high inflation that has weighed heavily on Europe's largest economy. German consumer prices, harmonised to compare with other European Union countries, rose by an annual 4.3% in September, preliminary data from the federal statistics office showed on Thursday. Analysts polled by Reuters had forecast a fall to 4.5% from 6.4% year-on-year in August. Germany's core inflation rate, which excludes volatile items such as food and energy, fell to 4.6% year-on-year from 5.5% in August. Food prices continued to show above-average growth, posting a 7.5% year-on-year increase.

This question is playing out in households around the world as they face shortages of essential foods like rice, cooking oil and onions. That is because countries have imposed restrictions on the food they export to protect their own supplies from the combined effect of the war in Ukraine, El Nino’s threat to food production and increasing damage from climate change. For Caroline Kyalo, a 28-year-old who works in a salon in Kenya's capital of Nairobi, it was a question of trying to figure out how to cook for her two children without onions.

AFP, the incident occurred during Ukrainian President Volodymyr Zelensky's visit, causing significant disruption in Canada, leading to the resignation of the parliament's speaker, and creating diplomatic tensions. "I would like to present unreserved apologies for what took place on Friday and to President Zelensky and the Ukrainian delegation for the position they were put in, for all of us who were present," Trudeau told lawmakers.

Justin Trudeau apologised Wednesday for Parliament's recognition of a man who fought alongside the Nazis during last week's address by Ukraine President Volodymyr Zelenskyy. Trudeau said the speaker of the House of Commons, who resigned Tuesday, was «solely responsible» for the invitation and recognition of the man but said it was a mistake that has deeply embarrassed Parliament and Canada.

Russia has accused Ukraine’s Western allies of helping plan and conduct last week’s missile strike on the Black Sea Fleet’s headquarters in Crimea

Egypt's Tourism and Antiquities Minister Ahmed Issa says they are seeking to double the number of tourists in the next five years, to reach 30 million visitors by 2028

Poland’s hard-right Confederation party has been growing in popularity, especially among young men fed up with the political establishment