Ukraine Financial News

Kyiv has not offered much detail on how it's going. Taking place mostly out of sight of impartial observers, the fighting in eastern and southern Ukraine pits troops equipped with new Western-supplied weapons against Kremlin forces that spent months digging formidable defences and honing tactics. Here's a look at what's happening after more than 16 months of war:What are Ukraine's tactics? Fighting has intensified at multiple points along the 1,500-kilometer (930-mile) front line. Ukrainian forces are making steady progress along the northern and southern flanks of the wrecked city of Bakhmut, which Russian forces have been occupying since May. Battles are also raging along the southern front in Zaporizhzhia, where Ukrainian forces are making minimal gains and coming up against formidable Russian fortifications. Hanna Maliar, Ukraine's deputy minister of defense, recently claimed that Kyiv's forces had destroyed six Russian ammunition depots in the space of 24 hours, a remark that hinted at Ukrainian tactics.

GANDHINAGAR : The US and its allies are building on actions to crack down on efforts by Russia to evade sanctions, US treasury secretary Janet Yellen said on Sunday. "One of our core goals this year is to combat Russia’s efforts to evade our sanctions. Our coalition is building on the actions we have taken in recent months to crack down on these efforts," Yellen said during a press conference at the sidelines of the third G20 Finance and Central Bank Deputies (FCBD) meeting.

Nirmala Sitharaman and the Indian delegation for hosting the G20 ministerial. “I would like to thank Finance Minister Sitharaman and the Indian delegation for hosting the G20 ministerial," she said.

Bloomberg, the G-7 nations are convening before the Group of 20 meetings in Gandhinagar, Gujarat, with a focus on providing assistance to Ukraine, reforming multilateral development banks, and reevaluating global supply chains. On Sunday, Treasury Secretary Janet Yellen expressed her commitment to collaborating with China on shared areas of interest.

Janet Yellen said on Sunday she was «eager» to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. In remarks prepared for a press conference before a meeting of Group of 20 finance ministers and central bankers in India, Yellen said her visit to Beijing last week helped put the U.S.-China relationship on «surer footing» and that the world's two biggest economies had an obligation to the world «to cooperate on areas of mutual concern».

By Lucy Craymer

By David Lawder and Aftab Ahmed

Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Yellen will use her time in Gandhinagar to try to foster warming relations between the U.S. and India.

Belarusian soldiers on a range near the town of Osipovichi in Belarus on July 14. The Belarusian defense ministry that at least some had arrived in Belarus and were instructing local troops, according to Reuters reports.  Belaruski Hajun said, “The convoy headed toward a military base outside Osipovichi, a town 230 kilometers (142 miles) north of the Ukrainian border." Alexander Lukashenko, the authoritarian president of Belarus said at the time that Minsk could use Wagner's experience and expertise, and that he had offered the fighters an “abandoned military unit" to set up camp.  Speaking to the Associated Press, a leader of an anti-Lukashenko guerrilla group said that construction of a site for the mercenaries was underway near Osipovichi.

(Reuters) -Fighters from the Wagner group have arrived in Belarus from Russia, Ukrainian and Polish officials said on Saturday, a day after Minsk said the mercenaries were training the country's soldiers southeast of the capital.

African Union in the grouping and will work closely with the Indian presidency on a joint communique at the leaders' summit, its G20 sherpa Mike Pyle said. The third sherpa meeting discussed the first revised draft declaration in Hampi, a world heritage site famous for the temple ruins of Vijayanagara kingdom. «Absolutely! President (Joe) Biden was one of the first ones to support the idea of the African Union joining the G20 formally,» Pyle said on the sidelines of the sherpa meeting.

Emerging markets bank KNG Securities has hired a senior markets professional from VTB Capital, which shuttered its London investment bank in the wake of Russia's invasion of Ukraine last year.

semiconductor chips continues to impact the issue of chip-baseddriver’s licences and automobile registration cards, to the frustration of new vehicle owners. During most of 2022 and the beginning of 2023, disruption in the supply chain and the Russia-Ukraine war caused a shortage of chips that meant that smart drivers’ license were not issued, said Pethi Sarguru, CEO of Versatile Card Technology( VCT) one of the largest manufacturers of smart cards used for PAN cards and voter IDs. Tenders for manufacture of these smart documents are yet to be floated in multiple states, said several persons aware of the situation.

(Reuters) — Three civilians were wounded in Russian shelling of a village in Zaporizhzhia, the head of Ukraine's presidential administration said on Saturday, while Moscow-backed officials said that Kyiv's forces shelled a school there.

(Reuters) — President Volodymyr Zelenskiy warned Ukrainians that Russia was throwing all its resources into a campaign to stop Kyiv's troops from pressing their counter offensive and a top general reported new progress on the southern front.

(Reuters) -A Moscow court on Saturday issued criminal charges against seven people «motivated by national hatred» to kill two prominent Russian journalists in a Ukrainian-backed plot, Russia's state-owned TASS news agency said.

Russia and Ukraine is beyond the remit of the G20 and such efforts will be best undertaken by the United Nations and through bilateral negotiations, India's sherpa to the bloc said Saturday. «Our view is that G20 is an economic forum, not a forum to discuss security issues,» India's sherpa Amitabh Kant told Reuters in an interview.

global challenges such as addressing financing gaps, pushing economic growth and ensuring sustainable development, India's G20 Sherpa Amitabh Kant said on Saturday. He also described the ongoing discussions at the third Sherpas' meeting in this heritage city as a «very huge success» and that the negotiators were supportive of priorities of the Indian presidency of the G20.

US President Joe Biden has cracked a joke after media reports suggested that Wagner Group chief Yevgeny Prigozhin could be in danger for carrying out an attempted mutiny last month against Russian President Vladimir Putin and briefly capturing Moscow's military facility. In a press conference in Helsinki, Biden said, "If I were he I’d be careful what I ate...I would keep an eye on my menu". The joke was a reference to high-profile instances of Russian security services using nerve agents and polonium to poison and kill political enemies of President Vladimir Putin.

Syria across the Middle East. Speaking to Pentagon reporters, the official said the US will send F-16 fighter jets to the Gulf region this weekend to augment the A-10 attack aircraft that have been patrolling there for more than a week.

Jaishankar on Friday discussed «outstanding issues» along the Line of Actual Control (LAC) with Wang Yi, director of the office of the CPC Central Commission for Foreign Affairs, along the sidelines of the East Asia Summit in Jakarta. Jaishankar said he discussed outstanding issues related to peace and tranquillity along LAC. In June, India and China held yet another round of diplomatic talks on the impasse along LAC in the Ladakh sector. India has maintained that relations cannot be normalised till peace and tranquillity are restored along the LAC. Remaining friction points along the LAC include Depsang and Demchok. Addressing EAS meeting earlier, Jaishankar in an indirect message to China emphasised that the body must be committed to a free, open, inclusive and rules-based Indo-Pacific, with respect for sovereignty and territorial integrity. He said India firmly supported the Asean Outlook on the Indo-Pacific (AOIP) and its implementation through EAS. «There is great synergy between the Indo-Pacific Oceans Initiative proposed by India and AOIP. Quad will always complement Asean and Asean-led mechanisms. AOIP contributes to the vision of the Quad,» Jaishankar said. «India affirms Asean centrality in the Indo-Pacific and advocates the strengthening of EAS.» The statement can be seen as an attempt to assuage Asean misgivings over Quad, a grouping of Australia, India, Japan and the United States.