Ukraine Financial News

Kursk border region. The North Korean casualties occurred around three villages in Kursk, where Russia has for four months been trying to quash a Ukrainian incursion, the agency, known by its acronym GUR, said in a public post on the Telegram messaging app. At least three North Korean servicemen went missing around another Kursk village, GUR said.

“Both gold and silver have gained ~30% over the last one-year period. Global uncertainties including the US election led to a rally in gold as it is considered as a safe haven,” says Deepak Ramaraju, Senior Fund Manager, Shriram AMC. In an interview with ETMarkets, Ramaraju said: “Silver, on the other hand, may witness momentum on the back of its usage in various industrial applications including electronics, solar panels for renewable energy, advanced healthcare and electric vehicles,” Edited excerpts: Geopolitical concerns and political uncertainty in some of the countries weighed on markets in early December. What is your take on the markets? Markets have witnessed several challenges in the recent past — Russia Ukraine war, the escalation of Israel Palestine conflict, the invasion of Syria etc. However, these geo-political conflicts affect the commodity supply chain, currency movement and inflation.

Russian crude oil dropped in November to its lowest level since June 2022 but the Kremlin continues to be the biggest source of oil for India, according to a monthly tracker report of a European think tank. India became the second biggest buyer of Russian crude oil since Moscow invaded Ukraine in February 2022, with purchases rising from less than one per cent of the total oil imported to almost 40 per cent of the country's total oil purchases. The rise was primarily because the Russian crude oil was available at a discount to other internationally traded oil due to the price cap and the European nations shunning purchases from Moscow. «India's imports of Russian crude oil dropped by a massive 55 per cent in November — the lowest figure since June 2022,» the Centre for Research on Energy and Clean Air (CREA) said its latest report.

Serbia's president says the United States plans to introduce sanctions against Serbia’s main gas supplier that is controlled by Russia

Moldova’s parliament has voted in favor of imposing a state of emergency in the energy sector over fears that Russia could leave the European Union candidate country without sufficient natural gas supplies this winter

Subscribe to enjoy similar stories. The outlines of President-elect Donald Trump’s initial efforts to end the war in Ukraine from his visit to Europe last week are starting to emerge for the first time. The main takeaway: Europe would have to shoulder most of the burden of supporting Kyiv with troops to oversee a cease-fire and weapons to deter Russia.

Almost a dozen regions in Russia are getting set to offer a cash payment to young women who give birth, Russian outlets are reporting, but there’s a pretty big catch.

Ukraine's new state agency for nonlethal military procurement is an example of the type of reform that the country hopes will clear the path toward NATO

Subscribe to enjoy similar stories. The collapse of the House of Assad has exposed a seam of vulnerability for another autocrat, one of the former Syrian leader’s strongest allies: Russian President Vladimir Putin. At the height of Putin’s great power ambitions, Moscow sought to project its might far beyond the country’s vast frontiers.

U.K. Prime Minister Keir Starmer will attend a meeting of European Union leaders early next year

Donald Trump doesn't think much of Joe Biden's foreign policy record. The Republican president-elect frequently casts the outgoing Democratic president as a feckless leader who shredded American credibility around the world during his four-year term, AP reported. But a funny thing happened on Trump's way back to the White House: The Biden and Trump national security teams have come to an understanding that they have no choice but to work together as conflicts in Gaza, Syria and Ukraine have left a significant swath of the world on a knife's edge, as per AP report.

European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine

Poland's Prime Minister Donald Tusk says his government will protect major television stations in the country, like the U.S.-owned TVN, against hostile purchases, in a move aimed at protecting from any such attempts by Russia

Britain will provide intelligence to a newly formed unit in Cyprus tasked with preventing Russia evade international sanctions

Shares in Japan and South Korea gained, while futures showed the Hang Seng Index is poised to jump more than 3% at the open. Iron ore advanced thanks to Beijing’s announcement as the country dominates demand for most metals. The Nasdaq Golden Dragon China Index, which tracks the biggest Chinese stocks in the US, surged 8.5% in its strongest gain since September.

Subscribe to enjoy similar stories. Mumbai: Shaktikanta Das will step down as the 25th governor of Reserve Bank of India (RBI) on Tuesday, at a time when the war on inflation is ongoing and economic growth has taken a sudden slow turn. Union ministers Nirmala Sitharaman (finance) and Piyush Goyal (commerce and industry) had called for rate cuts after GDP growth slowed to 5.4% in the July-September quarter.

Proximate causes for the slowdown are on the demand side. For several quarters now, growth in private consumption, the biggest component of GDP, has been sluggish. Private investment, the most important driver of GDP, hasn't taken off. Exports have done reasonably well, but are unlikely to be a major engine given the global context of slowdown and trade aversion in the advanced economies. Essentially, the economy was being driven by public investment, which has been pared back a little in the interest of fiscal consolidation. Was that a mistake? No. The public investment-led strategy has been in place for a few years now. It became the prime driver of growth when the banking and corporate sectors were under stress after a period of excess in the late 2000s-early 2010s. Banks needed time to reduce NPAs. Corporate balance sheets had to be deleveraged. That process is complete. The 'shock' effects of Covid and outbreak of the Russia-Ukraine war have also abated.

Subscribe to enjoy similar stories. POLTAVA, Ukraine—A team of soldiers sat inside a nondescript red bus with their eyes glued to a bank of screens blinking with yellow dots. The shapes represented Russian drones, missiles and planes cutting into Ukrainian skies.

Donald Trump said he can’t guarantee that his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers and he suggested once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned.The president-elect, in a wide-ranging interview with NBC’s “Meet the Press” that aired Sunday, also touched on monetary policy, immigration, abortion and health care, and U.S.

Donald Trump says he can’t guarantee his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers

immediate ceasefire in Ukraine, shortly after a meeting in Paris with French and Ukrainian leaders, claiming Kyiv «would like to make a deal» to end the more than 1,000-day war. In a post on his Truth Social platform, Trump claimed that Moscow and Kyiv have both lost hundreds of thousands of soldiers in a war that «should never have started.» «There should be an immediate ceasefire and negotiations should begin. Too many lives are being needlessly wasted, too many families destroyed,» he said, as he called on Russian President Vladimir Putin to act to bring the fighting to an end.