Ukraine Financial News

The 32 member countries of the International Energy Agency (IEA) are expected to release a collective 400 million barrels of oil from their strategic reserves in a bid to cool market prices. This has been billed as its largest ever oil release. It’s more than double the 182 million barrels released by the IEA in 2022 after the Ukraine war broke out, four times the world’s daily usage and about a third of its members’ total stash.

Coal India Ltd’s shares hit a new 52-week high of ₹467.90 on the NSE on Thursday, gaining over 4% when the Nifty 50 index declined 0.5%, possibly on expectations of higher prices at its e-auctions as global coal prices rise due to the West Asia conflict.The flare-up in oil and gas prices is spilling over to the international coal market, too. Higher global coal prices would hurt domestic import volumes and push CIL’s e-auction premiums and offtake higher.The state-owned company sells some of its output through e-auctions at market-determined prices, in addition to fuel supply agreements (FSA) with power producers.

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These are sombre times for the world. The big conflict in West Asia is giving everyone the jitters. For readers of a business paper, the main questions would be related to its impact on markets.

₹60 per 14.2 kg cylinder, taking them to the highest level since 29 August 2023.According to Nomura, every $10 per barrel increase in oil prices could shave 15 basis points off India’s growth and add 50 basis points to retail inflation. With oil prices already up nearly $50 per barrel since the start of the year, the impact on India’s growth-inflation dynamics could be significant.The Iran conflict could prove more disruptive to oil markets beyond the initial price spike than the Russia-Ukraine war.

A subtle twist in the tale: The strength of the US dollar as measured by the Dollar Index (DXY) peaked at 114 in September 2022, a 20-year high. It has been falling since then, hitting 97 on 28 February 2026, the start of the Iran war. DXY measures the dollar’s strength against a basket of currencies.

crisis in West Asia intensifying, there is lacklustre sentiment among both importers and exporters due to higher freight costs and logistical uncertainties. Things are likely to be clear in due course of time," said Vikas Jain, proprietor, Osho Marketing House, a Delhi-based export firm.“Though global wheat prices have increased, it could have been a good opportunity for Indian farmers and traders to earn better returns through exports.

In international relations, manifestly illegal government action can sometimes be morally defensible. While historical examples of legitimacy trumping legality are few and far between, they do exist.

Mint, citing low prices, adequate strategic reserves, and the government’s ability to cushion fuel shocks from spilling into retail prices.In January, the Consumer Price Index (CPI)-based inflation, under a revised data series, stood at around 2.75%, significantly below the Reserve Bank of India's (RBI) medium-term target of 4%.With inflation currently subdued and a newly introduced CPI series indicating broadly similar trends to the old base-year data, the economists said the starting point itself provides a strong buffer against external shocks, likely preventing any immediate pressure on retail inflation or RBI's monetary policy outlook.For 2025-26, the RBI has projected CPI inflation at 2.1%, with the March quarter at 3.2%. Inflation for the June and September quarters is seen at 4% and 4.2%, respectively, suggesting the current price environment is far more benign than during previous geopolitical shocks.“I think the starting point is more comfortable for RBI at this juncture, given that inflation is more manageable now compared with the Russia-Ukraine war, when global commodity prices surged sharply,” Anubhuti Sahay, head of India economic research at Standard Chartered Bank, said.Sahay added that policymakers are unlikely to rush to revise projections or change the policy stance until there is greater clarity on how long the war will last and how significantly it will disrupt global energy markets.

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Oil and its derivatives account for 40-70% of raw material costs of these sectors, which leaves (their) margins vulnerable to rising crude prices,” said Devarsh Vakil, head of prime research at HDFC Securities.Indian markets have faced similar pressure before. When Brent crude surged 73% to a peak of $130 per barrel between December 2021 and March 2022, shortly after the Russia-Ukraine war began, India Inc.’s profit margins came under swift pressure.A Mint analysis of Centre for Monitoring Indian Economy (CMIE) data shows that operating profit margins of oil refiners, rubber product makers, tyre and tube manufacturers, and paint companies compressed by an average 140 basis points between the December quarter of FY22 and the June quarter of FY23.While most sectors began to feel mild pressure as early as Q4FY22, the squeeze peaked for rubber products and tyre and tube makers in Q1FY23.

Domestic equities tumbled under relentless selling pressure on Monday as the US-Israel and Iran conflict stoked fears of elevated crude oil prices and clouded India Inc’s earnings outlook for the coming quarters.India’s benchmark Nifty 50 fell 1.2% to 24,865.7, tracking weakness across Asian markets, though it fared marginally better than most emerging peers. Thailand led the declines, plunging nearly 4%, followed by Indonesia and Hong Kong, where benchmark indices slipped 2-3%.

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On 24 February 2022, Russian forces crossed into Ukraine with the objective of demilitarizing the country and deterring Kyiv from joining the North Atlantic Treaty Organization. Russian strategic planners expected a Ukrainian collapse within a fortnight. Four years on, Moscow has yet to achieve its core wartime objectives of gaining complete control over the regions of Donetsk, Luhansk, Kherson and Zaporizhzhia.

mismanaging these trade-offs. Officials seem to deem almost any expense to be an acceptable price for security. Money is being spread wastefully thin, not focused where China’s grip is tightest, in refineries and smelters.

While the transatlantic relationship made the headlines at this month’s Munich Security Conference, many of the European analysts I hung out with were more concerned about whether, how and how quickly Europe could build adequate military capacity to achieve meaningful strategic autonomy. The twin fears of a potential Russian invasion and an American divorce have compelled Europe’s leaders to invest in military capacity, but it presents the EU and its member states with unprecedented structural challenges.Europe sees a threat to the Union itself, but has to rely on the military establishments of its member-states to respond to it. Like the Pope, Brussels has practically no divisions under its command.

Subscribe to enjoy similar stories. THE BOMBARDMENT began just after 4am on February 24th 2022. For the half-dozen border guards at the Vilcha checkpoint, 150km north of Kyiv, the odds of surviving were not good.

Subscribe to enjoy similar stories. GENEVA—In talks about ending the war, Ukraine and Russia have converged on one goal: to avoid angering President Trump by appearing to block peace. They continue to send delegations to talks mediated by U.S.

The agenda for French President Emmanuel Macron’s India visit this week is expansive, with everything from the shape of global AI rules to the Russia-Ukraine war up for talks. What takes the spotlight, though, is the reported deal for 114 Rafale fighter jets (plus munitions) that India wants to buy from France for $40 billion.

Subscribe to enjoy similar stories. Economics 101 tells us that free trade makes the world better off. Countries specialise in what they produce most efficiently and trade for the rest.

Subscribe to enjoy similar stories. AS RUSSIA’S WAR against Ukraine enters its fifth year, the economy that sustains it has been transformed in ways that will be difficult—perhaps impossible—to reverse without another crisis. Westerners keep waiting for the Russian economy to collapse.