Ukraine Financial News

UAE has dispatched a ship carrying 250 tonnes of relief material to Ukraine, news agency Emirates News Agency reported. The aid shipment will first arrive in Poland and Romania by sea before being transported into Ukraine. It includes personal supplies, lighting equipment and blankets.

The government of Ukraine has recently approached the local cryptocurrency industry with a new request to provide certain financial information. 

(Reuters) — Asset manager BlackRock (NYSE:BLK) and index provider MSCI are being investigated by a congressional committee for allegedly facilitating China investments, Wall Street Journal reported on Tuesday, citing letters to the companies from the panel.

Starting August 1, Russia has started issuing electronic visa (e-visa) to Indian passport holders that helps visitors get travel approval faster for diverse purposes such as business trips, guest visits, and tourism. The e-visa can be used just like any other regular visa, eliminating the need to check with embassies or any other associations.

Asia and some disappointing earnings stalled a rally in markets that had pushed several regional indexes to multi-year highs recently. The pan-European STOXX 600 index dipped 0.1% by 0714 GMT, with miners and real estate among the top decliners.

Russia's invasion of Ukraine. Profit after tax plunged to $1.8 billion in the three months to the end of June compared with $9.3 billion in the second quarter last year, BP said in a statement, mirroring hefty falls across the sector.

@elonmusk, while you try to colonize Mars —Russia try to occupy Ukraine! While your rockets successfully land from space—Russian rockets attack Ukrainian civil people! We ask you to provide Ukraine with Starlink stations and to address sane Russians to stand. Mr Musk replied to him within hours, saying that the Starlink service had been turned on over Ukraine and that the hardware would follow. Within days lorries full of the pizza-sized flat dishes used to access the satellites began to arrive in Ukraine.

These moments, which might seem unrelated, represent a transformation in world trade. US-China tensions and Russia’s invasion of Ukraine are leading companies to bring supply chains closer to home. A shift from fossil fuels is spurring demand for materials essential for electrification.

Last week, the Bank of Japan shocked markets by deciding to raise the yield curve tolerance range of the Japan 10-Year Treasury bond yield to 1%. This marked a significant step towards reversing years of ultra-accommodative monetary policy. However, Bank Governor Ueda emphasized that this move is just a correction, and their main focus remains to achieve sustained inflation.

Data may or may not be ‘the new oil,’ but advanced microchips for digital devices are in geopolitical focus as the Indo-Pacific witnesses a contest of glares between China and the West over Taiwan, whose grip on the manufacture of these prized inputs has pushed both sides into a race for supply security. Globally, cutting-edge semiconductors are seen to underlie the current path of tech evolution. India’s effort to break into this field has faced setbacks like a proposed Foxconn-Vedanta venture coming apart, but Prime Minister Narendra Modi has signalled the government’s determination.

Petronet LNG is yet to recover Rs 1,265 crore of ‘use or pay’ charges from its customers, and is trying to find some ‘amicable solution’, its managing director has said. “The company has booked income towards "use or pay charges" of Rs 848.92 crores and Rs 415.91 crores in the financial year 2022-23 (for calendar year 2022) and financial year 2021-22 (for calendar year 2021) respectively on account of lower capacity utilization by its customers. The balance confirmation/ payment against the same is yet to be received,” the auditors flagged in the earnings statement.Petronet LNG is pursuing the matter with customers and is hopeful of a solution, managing director A K Singh said, adding that customers will be able to pay the charges once their businesses stabilize.

BEIJING (Reuters) -China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard «national security and interests» amid escalating tension with the United States over access to technology.

Russian private military company Wagner Group’s march towards Moscow in June triggered a 277% surge in trading volume between the stablecoin Tether (USDT) and the Russian fiat currency.

China has imposed restrictions on exports of long-range civilian drones, citing Russia’s war on Ukraine and concern drones might be converted to military use

Oppenheimer, the story of a man, and all humanity, becoming “death, the destroyer of worlds.” Real life seems hell-bent on imitating art these days. The blame for the global spike in nuclear anxiety belongs mainly, but not exclusively, to Russian President Vladimir Putin. Surely the situation brought about by his invasion of Ukraine and his recurring rattles of the atomic saber must also change how the US thinks about its own atomic strategy.

Britain says it will grant hundreds of new oil and gas licenses in the North Sea in a bid for energy independence

UK government said Monday it would issue «hundreds» of new oil and gas licences in the North Sea to secure energy reserves while still aiming for net zero carbon emissions by 2050. «Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence,» Prime Minister Rishi Sunak's office said in a statement.

Read more of our recent coverage of the Ukraine war The war in Ukraine has reconfigured global flows of oil and gas. Less visible has been its impact on another supply chain: that of the so-called rare gases—neon, krypton and xenon—which are used in everything from chipmaking to medicine to space propulsion. Russia and Ukraine have long been big suppliers, accounting for about 40-50% of the global supply of neon before the conflict, and 25-30% of xenon and krypton, according to John Raquet of Spiritus Consulting, an industrial-gas specialist.

Russia's military said it had halted Ukrainian forces in the northeast. The military also said it brought down down three Ukrainian drones which had tried to strike Moscow and damaged a high-rise building reported to house government offices. Ukrainian President Volodymyr Zelenskiy described Sunday as «a good day, a powerful day» at the front, particularly near Bakhmut, where Ukrainian forces say they are retaking ground lost when Russian forces took the city in May.Ukraine did not directly claim responsibility for the drone attacks but Zelenskiy said the war was «gradually returning to Russia's territory — to its symbolic centres».

New Delhi: Russia’s largest integrated petrochemicals company PJSC Sibur Holding’s plan to build a large petrochemical plant with state-run Indian Oil Corp. Ltd (IOC) at Paradip has hit a roadblock due to the sanctions amid ongoing Russia-Ukraine war, said two people aware of the development. The two partners were slated to sign an agreement for the facility but Sibur, also Russia’s largest liquefied petroleum gas producer, has kept its plan on hold following the sanctions on Moscow amid the Ukraine war.

India is expected to send a senior diplomat to represent the country at a peace summit seeking to find a way to end the conflict between Russia and Ukraine organised by Saudi Arabia in Jeddah in early August, ET has learnt. India, Brazil and South Africa have been invited to attend the meet of 30 nations as part of Saudi efforts to initiate deal between Ukraine and Russia.