Ukraine Financial News

New Delhi: Indian engineering goods exports to Russia and Commonwealth of Independent States (CIS) countries surged in June, up nearly threefold in comparison to a year earlier, according to exporters. However, goods exports to other parts of the world witnessed a slowdown, they added. The 18-month long Russia-Ukraine war has driven prices of food and fuel higher, resulting in falling demand for goods and services in the West.

Russian President Vladimir Putin and his Belarusian counterpart met in St. Petersburg on Sunday - nearly after a month after the Wagner mutiny rocked Moscow. According to Alexander Lukashenko, Wagner militia fighters are now assembling en masse in Belarus and had recently asked him “for permission to go on a trip to Warsaw".

Russia and China have ended their joint naval exercises in the Sea of Japan, the Russian defence ministry announced Sunday, as the two allies seek to deepen their military ties. The two massive countries, which share a common desire to counter what they see as American hegemony, have grown closer in the military sphere since Russia launched its Ukraine offensive last year, a move China has not condemned. The Russian defence ministry previously said the main goal of the latest exercises, which began on Thursday, was to «strengthen naval cooperation» between the two countries and «maintain stability and peace in the Asia-Pacific region».

Russia «deliberately aimed their missiles at the historic city center of Odesa» which is protected by the United Nations Educational, Scientific and Cultural Organisation (UNESCO), said Oleh Kiper, the head of the region's military administration. «Everything that was built with hard work by great architects is now being destroyed by cynical inhumans,» said Kiper. The largest church in the city, the Orthodox Transfiguration or Spaso-Preobrazhenskyi Cathedral, which was dedicated in 1809, is among the destroyed structures.

FRANKFURT (Reuters) — Mercedes-Benz is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche.

By Mark Trevelyan and Felix Light

Even as Indian goods exports to the rest of the world are slowing, engineering goods exports to Russia and other CIS countries have registered a sharp uptick, jumping nearly three times from June last year, exporters said. The Russia-Ukraine war, which entered its 18th month, has caused food and fuel prices to spike while creating a slump in demand for goods and services in the West. Indian goods exports have now declined for six consecutive months.

Odesa again. The attack left their historic cathedral in shambles and one person dead.  Local authorities have informed that twenty two others were wounded in the attack.  According to reports citing Regional Governor Oleh Kiper, four children were wounded in the blast. The strike severely damaged the historic Transfiguration Cathedral, a landmark Orthodox cathedral in the city.

Russia struck the Ukrainian Black Sea city of Odesa again on Sunday, local officials said, keeping up a barrage of attacks that has damaged critical port infrastructure in southern Ukraine in the past week. At least one person was killed and 22 others wounded in the attack in the early hours. Regional Governor Oleh Kiper said that four children were among those wounded in the blasts, which severely damaged the historic Transfiguration Cathedral, a landmark Orthodox cathedral in the city.

Vladimir Putin said Ukraine's counteroffensive «has failed» as he hosted Belarusian leader Alexander Lukashenko, his close ally, for talks in St Petersburg on Sunday. «There is no counteroffensive,» Russian news agencies quoted Lukashenko as saying.Putin replied: «It exists, but it has failed.» Ukraine began its long-anticipated counter-offensive last month but has so far made only small gains against well entrenched Russian forces who control more than a sixth of its territory after nearly 17 months of war.

BRICS summit, NSA Doval will also bilateral meeting with Yang Jiechi. The meeting between Indian NSA and Chinese diplomat is prominent, especially given the Chinese aggression in East Ladakh in May 2020.  While China has been disengagement of troops in Galwan, Gogra-Hot Springs and Pangong Tso lake spurs areas, Chinese troops are yet to disengage from the Line of Actual Control (LAC) in East Ladakh. PLA has also increased its deployment in the Daulet Beg Oldi sector and is not allowing the Indian Army to patrol the Depsang Bulge areas and Chading Ninglung Nullah junction in Demchok.

Russian tennis player Vera Zvonareva was blocked from entering Poland for reasons of state security and public safety, the Polish interior ministry said on Saturday. The 38-year-old, a bronze medallist at the 2008 Olympics in Beijing, was on the list of players of the BNP Paribas Warsaw Open tournament starting on Monday.

Russia withdrew from the Black Sea grain deal, the Indian government announced on Thursday that it will be stopping all exports of non-Basmati white rice with immediate effect.The timing of the move comes amid a wave of extreme heat scorching many parts of the globe, all culminating in growing questions about the security of food supply chains around the world.According to the Food and Agricultural Organization (FAO) of the United Nations, India accounts for more than 40 per cent of the world’s rice exports.In a statement Thursday, the country’s ministry of consumer affairs, food and public distribution cited the need to “ensure adequate availability of Non-Basmati White Rice in the Indian market and to allay the rise in prices in the domestic market.”According to the ministry, non-Basmati white rice accounts for a quarter of all Indian rice exports.This decision comes as Indians have been struggling with high food prices. In September of last year, the government imposed a 20 per cent export duty on rice to lower the price in the domestic market.

natural gas prices shed more than 70 per cent in the last 12 months, influenced by a complex interplay of supply and demand dynamics shaped by geopolitical events, weather patterns, technological advancements, and global economic conditions. In the key US NYMEX futures platform, prices have been struck at $2-3 mmbtu levels since the start of the year. Similarly, after hitting an all-time high of Rs 801 in domestic MCX futures, prices plummeted sharply, trading below Rs 250 levels throughout the period.

G20 Energy Transition Ministerial Meeting ended without any joint communique because of differences over the Russia-Ukraine war and the pace of acceleration in renewable energy deployment to achieve climate goals. Common ground was, however, reached on zero and low-carbon hydrogen. A chair summary was issued instead of the communique at the end of the two-day ministerial.

Russia launched another wave of overnight attacks on the Black Sea port of Odesa early on Sunday, killing one and injuring 18 people including four children, and damaging residential and religious infrastructure, Ukraine's officials said. «Odesa: another night attack of the monsters,» said Oleh Kiper, governor of the broader southern Ukraine's Odesa region of which the city of Odesa is an administrative centre, on the Telegram messaging app. «Unfortunately, we have one civilian who was killed.» Kiper earlier said that according to preliminary information, 14 people were hospitalised, including three children.

Vitol Group doubled the amount its staff earned last year as it notched up record profit of $US15.1 billion ($22.4 billion), thanks to the wild swings in energy markets caused by Russia’s invasion of Ukraine.

Black Sea dangerous for shipping. Even the US said ships are at risk of being targeted. There is still interest from ship owners in carrying Ukrainian grain through the Black Sea — if they can mitigate the risk, according to a major shipping group. And that's a big if. Despite the warnings and port attacks, which have levelled grain infrastructure, “shipping has always been very, very resilient in the face of these sorts of risks,” said John Stawpert, senior manager of environment and trade for the International Chamber of Shipping, which represents 80 per cent of the world's commercial fleet. This week's strikes came after Russia pulled out of a wartime accord that the UN and Turkey brokered last year to provide safeguards for shipping companies in a bid to end a global food crisis. Ukraine — which, along with Russia, is a major supplier of wheat, barley and vegetable oil to developing nations — shipped 32.9 million metric tons of grain to the world and supplied 80 per cent of the World Food Program's wheat for humanitarian aid so far this year.

(Reuters) -A drone attack on an ammunition depot in Crimea prompted authorities to evacuate a 5 km (3 mile) radius and briefly suspend road traffic on the bridge linking the peninsula to Russia, the region's Moscow-installed governor said on Saturday.

(Reuters) -A Russian war reporter was killed and three were wounded on Saturday in what Moscow alleged was a Ukrainian attack using cluster munitions, prompting outrage from politicians.

By Sudarshan Varadhan and Nidhi Verma