Ukraine Financial News

The entire Bolshoi Ussursky Island in Russia's Amur region has been displayed as Chinese territory in the new map and this could be a cause of tensions between Moscow and Beijing. The island is situated at the confluence of Amur and Ussuri rivers and located close to the Russian city of Khabarovsk making it strategically important, according to experts on Sino-Russian ties. While Russia ceded part of the island to China in 2004 under the border pact, China has a centuries-old grievance from the 19th century when it was forced to cede the territory to Tsarist Russia under two treaties of 1858 and 1860. But the cracks appearing in the Sino-Russian ties are not new.

Ukraine conflict and the contentious matter should be removed from the draft of the leaders' communique to pave the way for its release at the bloc's summit next week, Russian Ambassador Denis Alipov said on Friday. The envoy said Russia has been «very openly» supporting India's priorities under its G20 presidency and hoped that the summit will be a «huge success» for India and the whole world. There have been sharp differences between the Russia-China combite and the Western countries over the text to describe the Ukraine crisis. «Obviously, the situation is complicated.

MOSCOW (Reuters) — Russian Deputy Finance Minister Alexei Moiseev said on Friday that the government would not allow foreign banks to leave Russia easily.

An advisory report issued by government agencies in the United States and the United Kingdom warns users to beware of new malware being used to target crypto wallets and exchanges. 

Nobel Foundation that administers the prestigious awards, has reversed its invitation policy and invited Russia, Belarus and Iran, as well as the leader of a far-right Swedish party, who had previously been banned. Vidar Helgesen, the executive director of the private foundation said in a statement that there was a global trend in which «dialogue between those with differing views is being reduced.» To counter that, he said, «We are now broadening our invitations to celebrate and understand the Nobel Prize and the importance of free science, free culture and free, peaceful societies.» The foundation said that invitation for the 2023 events was extended to all countries with diplomatic missions in Sweden and Norway and parties «that have parliamentary representation via democratic elections,» adding that «this common approach promotes opportunities to convey the important messages of the Nobel Prize to everyone, and in future this practice will be common to the entire organisation.» Last year, the diplomatic envoys of Russia and Belarus were barred from attending the glittery prize ceremonies and banquets, which always take place on December 10, because of the war in Ukraine, and the ambassador of Iran was also excluded because of «the serious and escalating situation» in the country. All the Nobel Prizes are handed out in Stockholm other than the Nobel Peace Prize, which is awarded in Oslo. The foundation also extended the invitation to the Sweden Democrats party leader Jimmie Akesson who declined it, saying on Facebook that «unfortunately I'm busy that day.» Swedish political party leaders are traditionally invited to the banquet but Akesson, who heads a nationalist party with far-right roots, has been snubbed in the

Barclays Plc has earmarked cash from its balance sheet to hold corporate loans and compete directly with private credit funds, according to people with knowledge of the matter, as more banks look for ways to gain a foothold in the $1.5 trillion market for private debt.

Lavrov said on Friday. Lavrov, who has served as President Vladimir Putin's foreign minister since 2004, is due to represent Russia at the Sept. 9-10 meeting of the Group of 20 leading industrialised and developing countries in New Delhi. Putin is not known to have travelled abroad since the International Criminal Court issued an arrest warrant for him in March on suspicion of war crimes in Ukraine. «There will be no general declaration on behalf of all members if our position is not reflected,» Lavrov told students at the prestigious Moscow State Institute of International Relations. The Kremlin casts the Ukraine war, which began when Russia invaded in February 2022, as an existential battle with an arrogant West that Putin says wants to dismantle Russia and take control of its vast natural resources. The West denies any such intentions but says it wants Ukraine to defeat Russia on the battlefield and has imposed several rounds of sweeping economic sanctions in response to the invasion, which Russia calls a «special military operation». Other leading powers such as China, India and Brazil have called for peace but also reserved the right to determine their own relationship with Moscow.

A recent post on a Russian Telegram channel has reignited concerns about the health of Russian President Vladimir Putin. The post, accompanied by a picture of Putin, was made by "Z-blogger" Pozdnyakov.

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“Our dependence on Russian oil is going to decrease sharply,” Oil Minister Hardeep Puri said in an interview. “The cost viability from the Gulf is much more attractive now.” India’s consumption of Russian crude has soared since President Vladimir Putin’s invasion of Ukraine in February last year, ousting Saudi Arabia and Iraq from the top spots.

The crypto community joins in to support the Maui community as a relief fund championed by A-list celebrities Oprah Winfrey and Dwayne ‘The Rock’ Johnson accepts donations in cryptocurrencies.

Poland’s working-age population will decline by nearly a third by 2060 unless the country opens its borders to more migrants from beyond eastern Europe, according to a study by the state statistics office. The projection reflects a dwindling birth rate and highlights political battles over opening the European Union’s sixth-largest economy to more migration. Such a drop would pile more pressure on Poland’s labor-hungry $688 billion economy and strain public finances as the number of retirees surges. In a little less than four decades, Poland’s working-age residents could shrink by 7.1 million from 22.2 million now, according to the study. At the same time, aging populations in neighboring Ukraine and Belarus will reduce the number of workers potentially coming into Poland. “In order to achieve higher levels of immigration, which would make it possible to at least partially compensate for the losses in the labor market, greater diversification of the countries of origin of immigrants will be necessary,” the report said. “This would mean the appearance of more people from culturally different Asian or African countries.”

G20 summit. Also read: ‘G20 leaders are going to ask…’: Rahul Gandhi attacks PM Modi on OCCRP allegations against Adani Group The Treasury said Yellen also will rally America's G20 allies to maintain economic support for Ukraine and increase costs on Russia over Moscow's continuing war in Ukraine. This includes supporting the G7-led price cap on Russian oil exports and efforts to strengthen global food security in the face of restrictions on Ukrainian grain exports.

India has put on hold a request by Ukrainian MPs and think-tank delegation to visit New Delhi up until the end of the G20 Summit to avoid any controversy ahead of the mega event. The Ukraine conflict has cast shadow over the G20 deliberations in the run up to the summit and the Modi government may have wanted to avoid yet another controversy ahead of the event, it has been learnt. The think-tank dialogue may now be held virtually. There are also no plans so far to invite Ukraine President Volodymyr Zelensky for a virtual address. India had earlier ruled out inviting him in person, saying there are no plans to make any changes in the invitee list.

Hindustantimes.com on Thursday. Chinese Premier Li Qiang will be flying directly to New Delhi after attending the 43rd ASEAN summit in Jakarta on September 5-7.

India's exports increased to 776 billion USD from 500 billion, two years ago, and this spectacular growth was achieved notwithstanding the recession, the Russia-Ukraine war, and the difficult pandemic times, Union Commerce and Industry Minister Piyush Goyal said on Thursday. This remarkable achievement in two years was due to the efforts of Prime Minister Narendra Modi, who felt that both the Centre and state governments should collectively work in the spirit of cooperative federalism for the better future of all the citizens, he said while addressing the Confederation of Indian Textile Industry (CITI's) 11th Asian Textile Conference, here. «Last year was a difficult period.

Israeli sabotage plot aimed at Iran's ballistic missile production. Several agents involved in the alleged plot have been arrested, according to state media reports. The Iranian authorities claim that the plan involved selling faulty components to Iran that would have led to the destruction of the missiles. The alleged Israeli operation comes amidst a history of tension and hostilities between Iran and Israel, with both nations being engaged in a covert battle of sabotage and accusations.

Claire Coutinho, a close aide of British Prime Minister Rishi Sunak, got a big promotion as his new Energy Security and Net Zero Secretary in a mini reshuffle on Thursday. Coutinho, 38, becomes the second Goan-origin minister after Home Secretary Suella Braverman in the Sunak Cabinet and has a tough brief ahead of her as energy costs have been soaring in the wake of the Russia-Ukraine conflict. She has committed herself to work on safeguarding energy security and reducing bills for families struggling with a cost-of-living crisis. In her first Cabinet role, Coutinho replaced Grant Shapps after he was promoted to the post of Defence Secretary following the resignation of Ben Wallace. «I am delighted to have been appointed Secretary of State for Energy Security and Net Zero.

By Noor Zainab Hussain, Chibuike Oguh and Jonathan Stempel

India's imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to planned maintenance outages at some plants and lower discounts for Russian grades. However, oil imports from Saudi Arabia surged to a multi-month high, according to preliminary data from Kpler and Refinitiv trade flows. Refiners in India have been snapping up discounted Russian oil after some Western buyers shunned purchases over Russia's full-scale invasion of Ukraine in February last year. But India's monthly imports of Russian oil have been declining since June as discounts began to shrink, the data from the two agencies show. «Imports of Russian oil are likely to remain at subdued levels for a couple of months due to lower discounts, and that would force suppliers of Russian oil to provide deeper discounts,» said Refinitiv analyst Ehsan Ul Haq. Discounts on Russian oil for October loading are below $5 a barrel to benchmark dated Brent, a refinery source said, adding his company had not yet placed an order for October Russian oil. Buying Russian oil in spot markets gives Indian refiners greater flexibility than Middle Eastern purchases that are mostly under annual contracts. A government source last month said Indian refiners could cut imports of Russian oil as narrowing discounts were raising the price of Russian grades to above the $60 per barrel ceiling set by Western nations. India's Russian oil imports in August declined by a fifth from July to about 1.5 million barrels per day (bpd) while those from Saudi Arabia leapt by about 63%, according to Refinitiv data. According to Kpler estimates, India imported 1.35 million bpd of Russian oil in August, down from about 1.9 million bpd in July.

UK Prime Minister Rishi Sunak appointed Conservative MP and former energy secretary Grant Shapps as new defence secretary on Thursday following the resignation of Ben Wallace his position earlier today. Wallace was the longest-serving Tory defence secretary since Winston Churchill. Prime Minister Rishi Sunak's office announced Shapps's appointment, around an hour after he was seen entering 10 Downing Street, reported AFP.