Ukraine Financial News

Joe Biden's alleged involvement in an international bribery scheme, Republicans swiftly reacted with strong criticism, some even calling for his impeachment, according to a Fox report. Senator Chuck Grassley from Iowa, a Republican, made the FD-1023 form public earlier in the day. The document purportedly outlined how President Biden, along with his son, Hunter Biden, was involved in coercing Burisma CEO Mykola Zlochevsky to pay them millions of dollars in exchange for their assistance in removing the Ukrainian prosecutor investigating the company, as per the Fox report.

Russia prompted Moscow to exit a landmark grain export deal and pound Ukraine's seaports with drones and missiles. Sergey Aksyonov, the Kremlin-appointed head of the territory that Moscow illegally annexed from Ukraine in 2014, said in a Telegram post that there were no immediate reports of casualties but that authorities were evacuating civilians within a (five-km three-radius) of the blast site.

Australia and the United States rehearsed precision missile strikes during war games on Saturday as Canberra overhauls its military strategy in favour of long-range firepower. A series of live-fire drills were held at the Shoalwater Bay military complex in the northeastern region of Queensland, showcasing the American-made HIMARS missile system recently sold to the Australian Defence Force. More than 30,000 troops will take part in the biennial Talisman Sabre exercises over the next two weeks, including soldiers from Japan, France, Germany, and South Korea.

Ukraine overnight killed at least eight civilians and wounded others, authorities said Saturday, as fierce fighting continues in Ukraine's attempts to dislodge Russian forces from territory they have occupied. The regional prosecutor's office in the eastern Donetsk region said that at least four people, including a married couple, were killed as Russian forces on Friday night shelled the settlement of Niu-York, south of the city of Bakhmut — the site of the war's longest and bloodiest battle until it fell to Moscow in May.

Crimea caused the «detonation» of an ammunition depot Saturday, the Moscow-installed leader of the peninsula said, ordering the evacuation of people living within five kilometres of the attack and halting rail traffic. «As a result of an enemy drone on the Krasnogvardeisky district, there was a detonation at an ammunition depot,» official Sergei Aksyonov said on Telegram.

Spain’s Carlos Alcaraz celebrated beating Serbia’s Novak Djokovic in the Wimbledon men’s singles final as Czech Republic’s Marketa Vondrousova triumphed in the women’s final.

Ravi Ruia bought a £113 million ($145 million) London mansion linked to Russian property investor Andrey Goncharenko in one of the UK capital’s biggest residential deals in recent years. The family office of Ruia, who co-owns investment firm Essar Group, purchased the Hanover Lodge mansion overlooking Regent’s Park at 150 Park Road this month through a sale of the home’s Gibraltar-incorporated holding company, according to a person familiar with the matter. The mansion was owned as recently as two years ago by Goncharenko, the former deputy chief executive officer of Gazprom Invest Yug, a subsidiary of the Russian state-run energy firm. He bought the property’s outstanding lease in 2012 from Conservative Party peer Rajkumar Bagri for £120 million, the person said. The property “is under construction and became available at a price which makes it an attractive investment for the family office,” William Rego, a spokesperson for the Ruia family office, said in an emailed statement. The deal was first reported by the Financial Times.

Energy Transition Working Group is facing challenges in reaching a consensus on the joint communique with clean hydrogen and the Russia-Ukraine war being the key sticking points. About 60% of the communique has been agreed upon, but negotiations are still continuing on whether the future of hydrogen should be green or clean, people close to the development said. Officials are hopeful of some agreement on the second day of the talks on Saturday.

Palestinian in the occupied West Bank, Palestinian officials said Saturday, in what the army described as a «car ramming attempt» near Nablus. Fawzi Mukhalifa, 18, «was killed by the occupation (Israeli) bullets in the town of Sebastia» late on Friday, the Palestinian health ministry said. He was the second Palestinian to be killed by Israeli forces in the West Bank within hours.

Reuters, the aid package, valued at up to $400 million, will primarily consist of artillery, air defence missiles, and ground vehicles, as Ukraine continues its counteroffensive efforts. However, the package will not include cluster munitions, according to two US officials who spoke on the condition of anonymity. In July, the United States provided dual-purpose improved conventional munitions (DPICM) to Ukraine.

United States plans to announce as soon as Tuesday a new military aid package for Ukraine worth up to $400 million, primarily comprised of artillery, air defense missiles and ground vehicles as Ukraine's counteroffensive grinds on, three U.S. officials said on Friday. The U.S.

Ukraine is set to nationalize a bank controlled by two Russian businessmen, denying them a financial haven and seeking to curb their influence on Kyiv’s economy and politics. Sense Bank, formerly known as Alfa Bank-Ukraine, is controlled by Mikhail Fridman and Petr Aven, two Russian businessmen under European Union and United Kingdom sanctions over their alleged ties to the Kremlin, which they have denied.

The U.S. has transformed global markets by boosting crude-oil exports more than 30-fold over the past decade. Much of the boom hinges on Corpus Christi Bay.

While Europe has worked hard to close security gaps since Russia invaded Ukraine, a tiny island group in the North Atlantic provides a loophole for Russian ships to fish and dock in its waters and ports, among them vessels accused of spying and sabotage. Western nations are growing increasingly wary of what’s going on in and around the Faroe Islands, a self-governing territory under the Kingdom of Denmark which has a longstanding fishing agreement with Moscow. The agreement lets Russian vessels call at Faroese ports, circumventing a ban from European Union ports.

Spain’s Carlos Alcaraz celebrated beating Serbia’s Novak Djokovic in the Wimbledon men’s singles final as Czech Republic’s Marketa Vondrousova triumphed in the women’s final.

G20 Energy Transition Working Group is facing challenges in reaching a consensus on the joint communique with clean hydrogen and the Russia-Ukraine war being the key sticking points. About 60% of the communique has been agreed upon, but negotiations are still continuing on whether the future of hydrogen should be green or clean, people aware of the development said. The communique entails a paragraph that states to deplore the aggression by Russia against Ukraine, which is being opposed by Russia and China, sources said.

sunflower oil and wheat are on the rise in India after Russia suspended a deal that allowed export of commodities from war-torn Ukraine through the Black Sea.Soyabean oil, too, is turning expensive, as dry weather in the US has impacted soyabean production in the country, a top producer and exporter of the beans. Shipments of sunflower oil to India have stopped after Russia on July 17 said it was pulling out of the year-old deal that allowed shipments of grains and other foodstuffs to move past the Russian naval blockade in the Black Sea. To make matters worse, over the next two days, Russia bombed the Ukrainian grain port of Odesa, reportedly destroying more than 60,000 tonnes of grain. India imports sunflower and soyabean oils to meet domestic demand. Since the suspension of the deal, sunflower oil prices have risen by almost 8%. “Prices of both sunflower and soyabean oils have started moving up,” said Sandeep Bajoria, Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consultancy firm. “If Russia does not extend the grain deal, then prices of sunflower oil go up further. On the other hand, dry weather conditions in the US have driven up the prices of soyabean oil by 5% in the last week.”

New Delhi: With state run ONGC Videsh Ltd (OVL) yet to get the equity rights for its shares in Sakhalin-1, the overseas arm of Oil and Natural Gas Corporation (ONGC) has not received any dividend payments, said two people aware of the development. The issue of India’s most lucrative energy equity buy overseas has been raised with Rosneft and at various levels in the Russian government but is yet to be resolved. The stake sale was purchased ONGC’s subsidiary for $331 million in 2001 that has yielded manifold returns.

Investing.com — OPEC’s bid for $80 and above oil got a boost from ally Russia this week as Moscow’s increasingly desperate offensives against Ukraine raised supply concerns in a market already besieged by the oil cartel’s rhetoric over cuts. 

By Olena Harmash

Russia’s central bank raised its key interest rate Friday for the first time since shortly after the invasion of Ukraine, a response to a difficult new period for the economy of labor shortages, a weakened ruble and resurgent inflation. The Russian economy fell into a recession last year but survived the onslaught of Western sanctions thanks to a windfall of oil and gas revenues, state handouts and the ability to quickly reroute trade from Europe to Asia. Economists expect Russia to eke out positive growth this year.