Ukraine Financial News

15.08 / 22:45

Booking Man Mercedes-Benz Nestle performer This EV maker you’ve probably never heard of just made $60b in a day

VinFast Auto soared on its first day in the public markets, boosting the fortune of its billionaire founder.

15.08 / 18:17

COST UPS Provident Fighting Corning country As the Black Sea becomes a battleground, one Ukrainian farmer doesn’t know how he'll sell his grain

Ukrainian farmer Victor Tsvik has harvested his wheat this month but exorbitant logistics costs and Russia’s blockade of the ports has made shipping grain too expensive for him

15.08 / 18:17

Ruble Russia’s central bank raises key interest rate by 3.5% after the ruble hits lowest point since early in war with Ukraine

Russia’s central bank raises key interest rate by 3.5% after the ruble hits lowest point since early in war with Ukraine

15.08 / 17:39

Fighting Mobile Southern Battlefield Shell electronic Ukraine's Unseen Army: The mechanics who keep the tanks rolling

southern Ukraine, searching. It screeched to a halt, and three men unloaded heavy equipment and disappeared into the undergrowth. What they were looking for, dug in and hidden under the trees, were three hulking British-made armored vehicles known as Mastiffs.

15.08 / 16:39

Blockchain Citi Digital Citizens Mobile country electronic Ruble Russia launches test phase for digital ruble

Russia launched the test phase of a digital ruble on Tuesday, in a bid to limit the impact of international sanctions imposed following its offensive in Ukraine. «On August 15, the tests of operations with real digital rubles began,» Russia's central bank told AFP. The trial phase involves 13 other banks and 600 individuals who can make payments at 30 sales points in 11 Russian cities, it added.

15.08 / 16:39

FIVE Williams SPY Three suspected Russian spies arrested in Britain

BBC reported the group were accused of spying for Russia. The individuals are Bulgarian nationals, who were alleged to be working for Russian security services, the BBC said in its report, saying they had been held as part of a major national security investigation. London's Metropolitan Police confirmed five people had been arrested by counter-terrorism officers in February under the Official Secrets Act and three had since been charged with possession of false identity documents with improper intention.

15.08 / 16:03

COST UPS show country Oil imports from Russia up nearly 3-fold

New Delhi Crude oil imports from Russia rose nearly three-fold in the first quarter of this fiscal compared to the same period of FY23, according to government data. Oil imports from Russia during the three months to June stood at $12.36 billion, 170.66% higher on a year-on-year basis. During the same period last fiscal, the imports stood at $4.57 billion, showed data from the ministry of commerce and industry.

15.08 / 15:27

UPS Waves Target Reuters Action Fighting country ASX-listed Russian coal miner fights sanctions, taps China

A Russian coal miner listed on the ASX will keep digging and shipping coal from Siberia to China despite the Foreign Affairs Department advising they are “likely” to be in breach of Australian sanctions imposed following Vladimir Putin’s invasion of Ukraine.

15.08 / 14:55

Provident Platform FLEX show country Poland displays military might in huge parade as elections loom

Poland's biggest military parade since the Cold War took place in Warsaw on Tuesday, as the NATO-member country flexes its military muscle in what the government hopes will be both a message to Moscow and to voters ahead of elections in October. Russia's invasion of Ukraine has made boosting the armed forces a priority for Poland's ruling nationalists Law and Justice (PiS), and with the election campaign in full swing the immense display of military hardware provided a chance to burnish their security credentials.

15.08 / 14:19

UPS Fighting show performer country Ruble Russia's ruble has tumbled. What does it mean for the wartime economy?

Russia's ruble has fallen a long way in recent months, and the country's central bank has stepped in to try to halt the slide. Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher prices for everyday people in Russia — and the government has finally moved to halt the drop.

15.08 / 13:41

COST UPS CEO Fighting country social Ruble Russia's central bank makes huge interest rate hike to try to prop up falling ruble

Russia's central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine. The ruble has lost more than a third of its value since the beginning of the year as Moscow increases military spending and Western sanctions weigh on its income from energy shipments. The flagging currency does not mean the Russian economy is in freefall — though it is facing challenges, including rising prices for households and businesses, according to analysts who study Russia.

15.08 / 12:29

Russia Ukraine Ukraine war Ruble Russia’s central bank hikes interest rate to 12% as ruble dips

Russia’s central bank made a big interest rate hike of 3.5 percentage points on Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine.

15.08 / 12:01

UPS Action Gap RIG country Why tensions have been growing along NATO's eastern border with Belarus

Poland is deploying thousands of troops to its border with Belarus, calling it a deterrent move as tensions between the two neighbors ratchet up. Those tensions between Poland — a NATO and European Union country — and Belarus, which is Russia's ally in its war on Ukraine, have been building up in recent months on the border.

15.08 / 10:45

FIVE show country Explainer stake Mint Explainer: BRICS Summit is around the corner. What’s at stake?

BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.

15.08 / 09:41

Reuters Maxim Fallout show country Russia's rouble remain volatile after central bank's 350 points rate hike

Reuters reported. The Russian rouble, having experienced a depreciation of over 20% against the US dollar since the commencement of the Ukraine conflict, exhibited a 0.2% decline, settling at a rate of 97.82 against the dollar. On Monday, the currency reached a point close to its lowest value in 17 months, reaching 101.75, and briefly exhibited a trading rate of 92.60 on the following Tuesday morning, displaying considerable volatility as market response followed the unexpected intervention by the central bank.

15.08 / 08:17

COST UPS Target Maxim Fallout Russian central bank hikes rates by 350 bp to 12% in extraordinary meeting

Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday, dragged down by the impact of Western sanctions on Russia's balance of trade and as military spending soars. President Vladimir Putin's economic adviser Maxim Oreshkin on Monday rebuked the central bank blaming what he called its soft monetary policy on the weakening rouble.

15.08 / 05:15

COST UPS Lowe's Enterprise country Ruble Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports

14.08 / 21:35

Aviat show Windall tax on crude oil increased to ₹7,100 per tonne

New Delhi: The union ministry of finance has increased the windfall tax on sale of locally produced crude oil to ₹7,100 per tonne. For the past two weeks, the windfall tax on domestically produced crude oil was ₹4,250 per tonne. The increase would come into effect from 15 August.

14.08 / 17:17

Waters Dreams Chase Russia says scrambled jet to intercept Norwegian aircraft nearing border

Russia announced Monday that it had dispatched a MiG-29 fighter jet to «prevent a violation» of its border by a Norwegian military patrol aircraft over the Barents Sea. «As the Russian fighter approached, the foreign military plane made a U-turn away from the borders of the Russian Federation,» the Russian defence ministry said. «There was no violation of the border,» the statement added, identifying the Norwegian aircraft as a P-8A Poseidon patrol plane. The defence ministry said its flight was carried out in accordance with international rules, «without crossing air routes or making dangerous rapprochement.»NATO member Norway shares a land border with Russia as well as a maritime border in the Barents Sea.

14.08 / 16:55

UPS country reports Russia's Alrosa reports strong diamond sales despite sanctions

LONDON (Reuters) — Sanctions-hit Alrosa kept diamond sales in the first half of 2023 at the year-ago levels, the Russian company said on Monday as it reported financial results for the first time since Moscow's 2022 invasion of Ukraine.

14.08 / 16:07

COST UPS Puzzle BCS Russian stocks retreat from pre-invasion high as rouble rebounds

By Alexander Marrow