Ukraine Financial News

₹10,000 per tonne. The levy was at ₹6,700 per tonne for the past two weeks. The new rates would be effective from Saturday, 16 September.

defence ministry has cleared acquisition of 12 Su30MKI fighter jets for the Indian Air Force, in the biggest deal for Russian-origin equipment for the armed forces since the Russian invasion of Ukraine. The fighter jets will be made by Hindustan Aeronautics Limited and the deal for aircraft and associated equipment is likely to be around Rs 11,000 crore. This will include budget for modernisation of the larger fleet as well.

The European Union has decided not to renew a ban on Ukrainian food imports heading to nearby countries

Britain, France and Germany have announced that they will keep their sanctions on Iran related to the Mideast country’s atomic program and its development of ballistic missiles

Thousand of migrants reached the Italian island of Lampedusa on more than 100 boats this week

Space Station on Friday amid raging tensions between Moscow and Washington over Ukraine. Roscosmos cosmonauts Oleg Kononenko and Nikolai Chub and NASA astronaut Loral O'Hara lifted off from the Baikonur cosmodrome in Kazakhstan aboard the Soyuz MS-24 spacecraft, which spewed a torrent of fire. The crew was expected to dock at the ISS three hours later.

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MOSCOW (Reuters) — Russia's central bank raised its key interest rate by 100 basis points to 13% on Friday, jacking up the cost of borrowing for the third meeting in succession in response to a weak rouble and other persistent inflationary pressures.

Inflation in the West has passed its peak. But in Russia, price rises have gained a second wind, bedeviled authorities and brought the consequences of Moscow’s war in Ukraine closer to home. The increase in prices for food and other basic goods has accelerated and some Russians have abandoned vacations abroad.

As the U.S. and Russia vie for greater influence in Africa, Moscow is seeking access for its warships to a Mediterranean port in Libya that could expand its naval footprint in the North Atlantic Treaty Organization’s backyard. Senior Russian officials, including Deputy Defense Minister Yunus-Bek Yevkurov, met with Libyan warlord Khalifa Haftar in recent weeks to discuss long-term docking rights in areas he controls in the war-torn country’s east, according to Libyan officials and advisers.

WARSAW—Russia’s blockage of Ukrainian food exports has become a painful political issue next door in the European Union. EU authorities must decide Friday whether to extend a ban preventing Ukrainian grain from being sold in neighboring EU countries, an issue that has sparked a rift between Kyiv and Poland, one of the Ukrainian government’s strongest backers in the war. The temporary ban, aimed at keeping out cheaper exports, expires at midnight Friday.

Read more of our recent coverage of the Ukraine war In early May Russia’s ambassador to Germany threw a party to honour Soviet victory in the second world war. Guests at the embassy, a Stalin-era colossus that occupies more German territory than the nearby parliament building, included a host of dignitaries. The last boss of communist East Germany, Egon Krenz, now 86, mingled under the chandeliers with Gerhard Schröder, chancellor of united Germany from 1998 to 2005 (and, more recently, a lobbyist for Russian energy firms).

AP, the demand for food is continuously increasing while humanitarian funding is diminishing. According to WFP estimates from 79 countries where the Rome-based agency operates, up to 783 million people — one in 10 of the world’s population — still go to bed hungry every night.

The price of uranium surged to its highest price in 12 years amid fears of a supply crunch instigated by a coup in Niger, and Canadian miner Cameco’s decision to curtail production, just as demand for the commodity is poised to increase.

North Korean leader Kim Jong Un stopped in a far eastern Russian city Friday to see a factory that builds the country's most advanced fighter jets on his extended trip that hints at his interest in sophisticated weaponry, as the U.S. and others warned Moscow and Pyongyang against making banned weapons transfer deals. Kim's visits to Russian weapons and technology sites and meetings with President Vladimir Putin have raised speculation he will supply ammunition to Russia for its war efforts in Ukraine in exchange for receiving advanced weapons or technology from Russia as the two nations deepen their ties while both are increasingly isolated and sanctioned in separate confrontations with the West. Russia's state news agency RIA Novosti published video showing Kim's armored train pulling into a station in the city of Komsomolsk-on-Amur and Kim's convoy sweeping out of the station shortly afterward.

sanctions packages related to the war in Ukraine, penalizing more than 150 companies and individuals that officials said were profiting from Russia's invasion and their proximity to the Kremlin and President Vladimir Putin. The sanctions are part of the U.S. effort «to target Russia's military supply chains and deprive Putin of the equipment, technology, and services he needs to wage his barbaric war on Ukraine,» Treasury Secretary Janet Yellen said in a statement. «Today's actions show our global reach in imposing severe costs on Putin's oligarchs,» she added. The Treasury Department's sanctions targeted nearly 100 Russian military-linked elites and individuals — including some in Turkey, Georgia, Finland and the United Arab Emirates — involved with Russia's industrial, financial and technology industries.

banking services at precisely the moment when extra funds are most needed for essential supplies such as medical supplies and food. Cryptocurrency transfers have become an increasingly popular way to provide financial assistance to disaster victims due to their speed, low costs, borderless nature, and transparent transactions.

The world is tracking towards 2.5 degrees warming by 2100 and a massive 50 per cent increase in global capital investment is needed to put it on course for net zero emissions by 2050, and to cap warming at the most ambitious goal of 1.5 degrees in the Paris Agreement.

Kim Jong Un visited an aeronautics factory Friday on his tour of Russia's far east following his summit with President Vladimir Putin. Two days after meeting Putin at a spaceport, amid speculation they would agree an arms deal, Kim's bullet-proof train arrived in Komsomolsk-on-Amur, Russian news agencies reported. Kim is in the city, an important Russian industrial centre, to visit an aviation firm producing military and civil equipment. The RIA Novosti news agency published footage of Kim's train arriving in the city, with the red carpet rolled out to greet him. He was met with flowers, music, a dance group and ceremonial loaves of bread, the Interfax agency said. Kim, who seldom leaves his country, held talks with Putin at the Vostochny cosmodrome on Wednesday. Putin said on television Wednesday that Kim «will visit factories where civilian and combat aviation equipment is produced» in Komsomolsk-on-Amur. His visit to Russia's far east comes as US officials and experts have said Moscow is interested in buying North Korean ammunition to use in the conflict in Ukraine — an arms deal that would defy global sanctions. Kim's visit will last a few more days, Kremlin spokesman Dmitry Peskov announced on Thursday, without giving further details.

Vladimir Putin and Kim Jung Un gifted each other rifles when they met in Far Eastern Russia, the Kremlin said on Thursday, confirming the isolated Russian leader will visit North Korea as Moscow woos another pariah state. The Russian president, who has sought to strengthen alliances with other hardline leaders ostracised by the West, met with Kim on Wednesday amid speculation they would agree on an arms deal. Russia is eager for ammunition to continue fighting in Ukraine, while North Korea wants Moscow's help to develop its missile programme. Putin «gave (Kim) a rifle from our production of the highest quality. In return, he also received a North Korean-made rifle,» Kremlin spokesman Dmitry Peskov said. Putin also gifted the North Korean leader a «glove from a space suit that has been to space several times.» Kim, who seldom leaves his country, held talks with Putin at the Vostochny cosmodrome.

Oil India is exploring legal as well as diplomatic channels to repatriate its dividends worth $150 million from Russia, said its chairman, Ranjit Rath. Oil India, Indian Oil Corporation, BPCL and ONGC have participating interests in multiple oil and gas projects in Russia from which they earn dividends periodically. Companies have been receiving dividends but have been unable to transfer them out of Russia since February 2022 due to the banking restrictions in the wake of the Ukraine war and the western sanctions on Moscow. Indian Oil and BPCL have similar amounts of dividends stuck in Russia, totalling $450 million for the three companies, Rath said. This is a «temporary phenomenon» and the company is «very positive about investments in Russia», he said, adding that the company is exploring legal, banking and government-to-government options to get the dividends back. The production at Russian fields in which Oil India has stakes hasn't been affected by the output cut decisions made by the producer cartel OPEC+ of which Russia is a key member, Rath said. Oil India will primarily focus on domestic exploration and production, said its chairman. Rising oil prices won't change the company's investment trajectory, he said. A windfall tax since last year has capped the crude price realisation for Indian state-run producers.