Ukraine Financial News

The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency.

MOSCOW (Reuters) -President Vladimir Putin's economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30% year-to-date slump on loose monetary policy and revealing growing discord among Russia's monetary authorities.

India can be a trusted supply chain partner of Taiwan, which leads in hi-tech manufacturing in the Asian region, remarked Edison Hsu, Director, Taipei World Trade Center Liaison Office in Mumbai at an interactive meeting organized for an in-bound Taiwan Trade Mission at WTC Mumbai. Notably, India ranks as Taiwan’s 14th largest export destination and 18th largest source of imports. Bilateral trade between the two countries totaled US$8.45 billion in 2022, representing an increase of 9.8% over the previous year.

The Russian rouble fell past the psychologically key 100 per U.S. dollar threshold for the first time since March last year on Monday.

Defence Minister Li Shangfu will visit Russia and Belarus this week, his ministry said on Monday, as relations between Beijing and Moscow flourish with high-level visits and phone calls. Ties have remained warm in recent years, with China refusing to speak out against Russia's widely condemned invasion of neighbouring Ukraine.

Hindustan Times. He also highlighted that Taiwan plays a crucial role in the manufacturing of semiconductors, and foresaw the devastating effects a war in the Taiwan Straits would have on the world economy, the HT report said, adding that the semiconductor supply chain is controlled by a few dominant companies. In July this year, Indian and Japanese officials held discussions in New Delhi, exploring potential collaboration in crucial areas such as semiconductors and establishing robust supply chains.

AP, this action comes shortly before the commencement of the annual joint military exercises between South Korea and the US, exercises that North Korea perceives as practice for an invasion. Kim's efforts to increase weapons production coincide with U.S.

Also read: Russia-Ukraine war: NSA Ajit Doval says, 'India promotes dialogue, diplomacy' Russian officials stated that automatic weapons were used to halt the vessel with warning fire, and Russian military personnel boarded the ship with the assistance of a Ka-29 helicopter. After an inspection, the vessel continued its journey to Izmail.

Russian shelling killed seven people, including a 22-day-old infant, and wounded at least 22 in Ukraine's southern region of Kherson on Sunday, prompting local officials to declare Monday a day of mourning and President Volodymyr Zelenskiy to promise justice.Kyiv reclaimed part of Kherson from Russian occupation last November but Kremlin troops have continued shelling the regional capital and areas around it from across the Dnipro River. Five people were killed in the village of Shyroka Balka, including a 22-day-old girl, her 12-year-old brother who died from serious injuries in hospital, and their 39-year-old mother, Olesia, Zelenskiy said. «The terrorists will never willingly stop killing civilians,» Interior Minister Ihor Klymenko wrote in a Telegram post.

Kim Jong Un made another inspection tour of major munitions factories and ordered a drastic increase in production of missiles and other weapons, state media said Monday, days before South Korea and the U.S. begin annual military drills that North Korea views as an invasion rehearsal. Kim's push to produce more weapons also comes as U.S.

Some households may choose to abandon home insurance altogether as premiums soared 28 per cent in the past year and up to 50 per cent in high-risk areas such as flood zones, according to a new report.

New Delhi: The World Food Programme has sought 200,000 tonnes of rice for its humanitarian operations from India, the largest exporter of the commodity, amid what it called “catastrophic levels" of global food insecurity triggered by the covid-19 pandemic and the Ukraine war, two people aware of the development said. The request comes after the UN-brokered Black Sea grain deal, crucial for the global supply, collapsed last month as Russia withdrew stating the deal no longer justified its humanitarian purpose.

PTI. In an interview with PTI, Thanedar said that there is a general view in the US Congress that Washington's relationship with New Delhi is very important for the national security of the US. In the US, there is bipartisan support for closer ties with India and it was evident from the warm welcome showered on Prime Minister Modi by both Democrats and Republicans during his address to the joint session of the US Congress on June 23, the report said citing the US Congressman.

dirty fuels from Russia in years, as a slump in crude flows from the key producer and looming refinery maintenance threaten supplies. August imports of sludgy products from Russia should double from last month to about 269,000 barrels a day, initial data compiled by Bloomberg from analytics firm Kpler show. That would be the most since at least early 2017. The flows mostly include high-sulfur fuel oil and vacuum gasoil, which can be used in secondary refining units to improve yields of higher-value products like diesel and gasoline. Fuel oil is also used in shipping and power generation. Smaller imports of Russian crude in the wake of Moscow’s output cuts means India has less to refine into dirty products — prompting it to ship in more of the feedstocks from Russia. Upcoming maintenance at Indian refineries may also impact its sludgy fuels production, another reason why it’s importing more now. “It appears that there’s a strong build-up of Russian fuel oils exports to India,” said Andon Pavlov, lead analyst for refining and dirty products at Kpler. “This might have to do with the upcoming refinery maintenance in India, set to put a lid on total primary processing capacity over September-October.”

FOX Business’ Lydia Hu discusses the Reshoring Initiatives efforts to encourage companies to return manufacturing to the U.S. 

By Guy Faulconbridge

«Vessels are being advised to transit as far away from Iranian territorial waters as possible» to minimise the risk of seizure, US Fifth Fleet spokesperson Commander Tim Hawkins told AFP. The International Maritime Security Construct (IMSC), led by Washington, is «notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de-escalate,» he added. The alliance, established in 2019, is made up of 11 countries, including the United States, Great Britain, Saudi Arabia and the United Arab Emirates. Its mission, according to its website, is to «provide reassurance to merchant shipping in the Middle East region». The United Kingdom Maritime Trade Operations (UKMTO) agency said late Saturday in a statement that it had been «made aware of an increased threat within the vicinity of Strait Of Hormuz», through which one-third of the world's oil transported by sea passes.

Ukraine crisis, visiting US Congressman Shri Thanedar said here on Sunday. Thanedar told PTI in an interview that there is a general view in the US Congress that Washington's relationship with New Delhi is very important for the national security of the US. The Indian-origin Congressman is part of a bipartisan group of US lawmakers who are in India to take part in several events including Prime Minister Narendra Modi's address at the historic Red Fort on August 15.

general elections next year. Prices of fertilisers such as urea, di-ammonium phosphate (DAP) and ammonia shot up over the past month after falling towards the end of June. The trend of international prices cooling off from the highs sparked by Russia’s invasion of Ukraine in February 2022 has reversed.

coal to the ash heap of history. Governments promised to stop building coal-fired power plants, and financiers pledged to stop financing coal mines. Eighteen months on, however, the world’s dirtiest fuel is still smoking.

KYIV (Reuters) — Ukrainian border guards placed a new sign on Snake Island this weekend, recalling the early hours of Russia's invasion when a comrade on the strategic Black Sea outcrop used a choice phrase to refuse to surrender to a warship.