Ukraine Financial News

President Volodymyr Zelensky brought home from Turkey on Saturday five former commanders of Ukraine's garrison in Mariupol, a highly symbolic achievement that Russia said violated a prisoner exchange deal engineered last year. Russia immediately denounced the release. Kremlin spokesman Dmitry Peskov said Ankara had promised under the exchange agreement to keep the men in Turkey and complained Moscow had not been informed.

Rajnath Singh is all set to start his three-day official visit to Malaysia on Sunday, to deepen the defence cooperation between the two countries. Taking to Twitter, the Defence Minister said, «Today, 9th July, I shall be reaching Kuala Lumpur, Malaysia, on a three-day official visit.» «Looking forward to hold bilateral talks with my counterpart, Mr Dato' Seri Mohamad Hasan, and deepening the defence cooperation between the two countries,» he added. Rajnath Singh and Dato' Seri Mohamad Hasan will exchange views on regional and global issues of shared interest.

Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.

climate change and debt distress. She reiterated that Washington was not seeking to decouple from China's economy, adding doing so would be "disastrous for both countries and destabilizing for the world." But she said the United States wanted to see an "open, free and fair economy," not one that forces countries to take sides. She said she used the discussions to raise "serious concerns" about what she called China's "unfair economic practices" and the recent uptick in coercive actions against the US firms.

PARIS (Reuters) — The U.S. presidential election could trigger a major energy shock if Republicans were to win and decide to halt hydrocarbon exports, Patrick Pouyanné, the chief executive of French oil major TotalEnergies, said on Saturday.

(Reuters) -The United States announced on Friday that it would supply Ukraine with widely banned cluster munitions for its counteroffensive against occupying Russian forces, and NATO's leader said the military alliance would unite at a summit next week on how to bring Ukraine closer to joining.

NATO was created to deter Soviet tanks and missiles in Europe. Now it is also in the business of deterring China’s global ambitions, spurring concern among some members about mission creep and accusations by Beijing of inciting confrontation.

Russia's war in Ukraine as the fighting passed the 500-day mark with no end to the conflict in sight. More than 9,000 civilians, including 500 children, have been killed since Russia's February 24, 2022 invasion, the UN's Human Rights Monitoring Mission in Ukraine (HRMMU) said in a statement on Friday, though UN representatives have previously said the real count is likely to be much higher.

cluster munitions to Ukraine for the first time. This decision comes as Ukrainian forces are engaged in a challenging counteroffensive against invading Russian troops. The move has been met with strong criticism from human rights groups due to the inherent dangers posed by unexploded bomblets. However, the U.S. government has stated that it has received assurances from Kyiv that they will take steps to minimize the risk to civilians, including refraining from using the munitions in populated areas. These cluster munitions are part of a new military aid package worth $800 million that the U.S. plans to send to Ukraine. In addition to the cluster munitions, the package includes Bradley and Stryker armored vehicles, as well as various types of ammunition, including rounds for howitzers and the High Mobility Artillery Rocket System.

Biden has two main jobs on Ukraine at next week's NATO summit, but there's a hitch: they take him in opposite directions. The US president will arrive in Lithuania late Monday on a mission to stoke NATO support for Ukraine while simultaneously pouring cold water on dreams of quickly bringing Ukraine into the alliance.

The US said it will send cluster bombs to Ukraine as part of a new push to support the country’s counteroffensive and boost its dwindling stocks of ammunition, overruling concerns that the weapons often fail to explode and pose a grave danger to civilians. President Joe Biden called the move a “difficult decision" given the risk posed by cluster bombs, but said Russia has been raining the munitions on Ukraine for months.

By Olena Harmash

Treasury Secretary Janet Yellen is visiting Beijing as part of efforts to revive U.S.-Chinese relations that are at their lowest level in decades due to disputes over technology, security and other irritants

Joe Biden led United States administration is likely to announce that US will provide Ukraine a new military aid package that will include cluster munitions for the first time, according to several international reports.  However, it is to be noted that cluster ammunitions also entail considerable controversy all over the world, one being banned in Australia and 120 other countries. Russia, Ukraine and US have declined to sign the treaty under the Convention on Cluster Munitions in 2008.

Putin emerged from last month's Wagner mutiny looking weakened, despite defusing the immediate threat, according to analysts. The short-lived and ultimately aborted revolt by Yevgeny Prigozhin's mercenary force marked the most dramatic challenge ever to Putin's rule. The Belarus-brokered deal to halt Wagner's march toward Moscow saw off a major clash, yet now that agreement seems to be in question.

inflation: that it is driven by fast-growing wages. Central bankers live in fear of wage-price spirals. Last year Andrew Bailey, governor of the Bank of England, asked workers to “think and reflect" before asking for pay rises.

During the course of these 18 months, the markets have had to digest the volatility on accounts of the Ukraine-Russia war, over $40 billion of FII selling, the fastest interest rates hike by global central banks and concerns about India’s valuation amongst developed and emerging economies. After digesting all of the above, the markets have scaled new lifetime highs and are poised for some more in the coming few months.

Nato summit to be held in Lithuania’s capital Vilnius as South Korea, Japan, Australia, and New Zealand are planning to meet on the sidelines of the summit to discuss how to respond to Beijing’s aggressive attempts to change the status quo in the South and East China Seas. All eyes are set on the July 11-12 summit as for the first time all leaders of Nato's four Asia-Pacific partners—Japan, South Korea, Australia and New Zealand—will be attending. The four, collectively known as AP4, are currently tagged as ‘partners across the globe’ by Nato. The North Atlantic alliance will “formulate an individually tailored partnership programme (ITPP) with all four countries in order to upgrade its partnership with them to a higher level,” according to Tokyo-based Nikkei Asia. To support its move for South and East China Seas, Beijing is reportedly engaged in power projection, military build-up and hybrid and cyber operations. To counter China’s aggression in the region, Nato wants to strengthen its engagement with its Asia-Pacific partners step by step. After the ITPPs are finalised, Nato will open a liaison office in Japan in 2024. Nato will use the liaison office as a hub for cooperation with South Korea, Japan, Australia and New Zealand. China, which is closely watching Nato’s activity in the Indo-Pacific region, recently warned that South Korea will not gain anything by participating in a summit that shows hostility towards Beijing.

Oleksandr Usyk's promoter, Alex Krassyuk, has confirmed that the Ukrainian boxing star will defend his WBA, IBF, and WBO heavyweight belts against Daniel Dubois in late August. The fight will take place in Poland at the Tarczynski Arena in Wroclaw. Initially, Usyk was scheduled to face Tyson Fury for an undisputed showdown at Wembley Stadium in April, but negotiations fell through. Now, Usyk is excited about the opportunity to fight in Poland, where he won his first world title seven years ago. He expressed his gratitude to the Polish people for their sincere help to Ukraine, as many Ukrainians have found refuge in the country. In May, Dubois made a change in his training setup, parting ways with Shane McGuigan and now working with Don Charles, who previously trained British heavyweight Derek Chisora. With an unbeaten record of 20-0 (13), Usyk has established himself as the unified champion of the heavyweight division, following back-to-back victories against Anthony Joshua. On the other hand, Daniel Dubois will be fighting for the first time since successfully defending his WBA 'regular' belt with a third-round stoppage of Kevin Lerena in December. Dubois suffered a knee injury and was knocked down three times in the first round of that fight. Since his loss to Joe Joyce in November 2020, Dubois has made a comeback with four consecutive stoppage wins, bringing his professional record to 19-1 (18).

UK funds saw outflows of £1.2bn.

Russia fired cruise missiles on Thursday at a western Ukraine city far from the front line of the war, killing at least four people in an apartment building in what officials said was the heaviest attack on civilian areas of Lviv since the Kremlin's forces invaded the country last year. The nighttime attack destroyed the roof and the top two floors of a residential building, injuring 34 people. Emergency crews with search dogs went through the rubble.