Ukraine Financial News

Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday

North Korea and Russia reached a new agreement for expanding economic cooperation at talks in Pyongyang this week

Vladimir Putin said that Russia has tested a new intermediate range missile in a strike on Ukraine on Thursday, and he warned that Moscow could use it against countries that have allowed Kyiv to use their missiles to strike Russia. Putin said in a nationwide TV address that the Russian strike on Ukraine on Thursday came in response to Ukrainian strikes on the Russian territory with U.S. and British missiles earlier this week. The Russian leader declared that Russia would issue advance warnings before strikes on other countries to allow civilians to evacuate to safety.

Treasury Secretary Janet Yellen said the sanctions targeting Russia's largest remaining non-sanctioned bank would further diminish Russia's military effort and «will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military.» In addition, more than 50 internationally connected Russian banks, 40 Russian securities registrars, and 15 Russian finance officials were hit with sanctions.

Russia-Ukraine war completes 1,000 days, it is veering into dangerous territory. While Donald Trump waits in the wings to take over the presidency, the Biden administration, as well as the UK, have allowed Ukraine to hit deep inside Russia with long-range missiles provided by both the countries. Russian President Vladimir Putin had earlier drawn a red line over long-range strikes into Russia with American and British missiles. He had said Ukraine is incapable of launching NATO-provisioned long-range missiles without obtaining targeting data and assistance from the US and its allies, which would mean any such attack would involve the West. In the past few days, a series of developments has brought back the fears of a wider conflict which many apprehend can even turn into a nuclear conflict. The latest is Russia firing an intercontinental ballistic missile (ICBM) from the Astrakhan region on Thursday into Ukraine, marking the first use of such a weapon in the 33-month-long war, according to Ukraine's air force. How quick moves are escalating Russia-Ukraine war

Wall Street is pointing toward gains following another strong earnings report from chipmaker Nvidia even if it didn't meet the sky-high expectations of investors

A supplier of fuel for nuclear power plants has announced a $60 million expansion in Tennessee, promising more manufacturing of high-tech centrifuges there to enrich uranium

Kyiv said earlier on Thursday that Russia had launched an intercontinental ballistic missile during an attack on the city of Dnipro. Russian Telegram channels said Russia had attacked what is known in Ukraine as the missile and space rocket company Pivdenmash, which is headquartered in Dnipro.

A former top executive in Sam Bankman-Fried's fallen FTX cryptocurrency empire was sentenced to two years in prison on Tuesday for the part she played in a fraud that stole billions of US dollars from investors, lenders, and customers.

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This year, Russian missile attacks have knocked out about 50% of Ukraine's power generation, a major threat as winter looms

The Czech Defense Ministry says it's planning to buy 14 Leopard 2A4 tanks from Germany in a deal worth about $167 million

The Italian, Spanish, and Greek embassies in Kyiv also announced that they will remain closed to the public today after air raid sirens were activated in the Ukrainian capital several times overnight, CNN reported. This development comes amid escalating tensions in the Russia-Ukraine conflict. Ukraine on Wednesday, marked 1000 days since Russia launched the full-scale invasion of Ukraine on February 24, 2022.

A spokesperson for Prime Minister Keir Starmer said his office would not be commenting on reports or operational matters. Britain had previously said Ukraine could use Storm Shadow cruise missiles within Ukrainian territory but the government has been pressing the United States for permission to allow their use to strike targets inside Russia for several months.

Gold prices eased from a one-week high on Wednesday as the dollar strengthened, though safe-haven demand linked to Russia-Ukraine tensions helped cap further losses, as per a report. Spot gold was down 0.3 per cent at 2,623.48 per ounce, as of 1047 (GMT), after hitting its highest levels since November 11 earlier in the session. U.S. gold futures dropped 0.2 per cent to $2,626.80, Reuters reported. The U.S. dollar rebounded after hitting a one-week low. A stronger U.S. currency makes bullion more expensive for overseas buyers.

Inflation in the U.K. has risen sharply to a six-month high in October, cementing market expectations that there will be no further cuts in borrowing rates this year

Moscow has reacted furiously to a decision by US President Joe Biden to change policy on Ukraine and allow Kyiv to use US-supplied long-range missiles to strike Russian territory for the first time. On Tuesday, Putin signed a decree that enables Moscow to use nuclear weapons against non-nuclear states such as Ukraine if they are supported by nuclear powers.

U.S. Department of State's Bureau of Consular Affairs. The closure comes as a precautionary measure, with embassy staff instructed to shelter in place. «Out of an abundance of caution, the embassy will be closed, and embassy employees are being instructed to shelter in place,» the department said.

Putin is open to discussing a Ukraine ceasefire deal with Donald Trump but rules out making any major territorial concessions and insists Kyiv abandon ambitions to join NATO, five sources with knowledge of Kremlin thinking told Reuters. U.S. President-elect Trump, who has vowed to swiftly end the conflict, is returning to the White House at a time of Russian ascendancy. Moscow controls a chunk of Ukraine about the size of the American state of Virginia and is advancing at the fastest pace since the early days of the 2022 invasion. In the first detailed reporting of what President Putin would accept in any deal brokered by Trump, the five current and former Russian officials said the Kremlin could broadly agree to freeze the conflict along the front lines.

Asian stocks are mostly lower, despite gains on Wall Street, as worries mount over escalations in the Russia-Ukraine war