Ukraine Financial News

In addition to child casualties, which include 659 children killed and 1,747 children injured — amounting to at least 16 children killed or injured every week — millions of children continue to have their lives upended due to ongoing attacks. UNICEF said that children are enduring relentless hostilities, prolonged displacement and severe shortages of essential resources including safe water, electricity, and other necessities. Escalating attacks on Ukrainian territory have sharply increased civilian casualties and infrastructure damage since July this year.

Subscribe to enjoy similar stories. IN BARRACKS SQUARE in old Helsinki stands an unusual monument to a war. A towering sculpture of a soldier’s winter snowsuit, its polished steel body is pierced with large round holes, as if still standing after a strafing by cannon fire.

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 20 cents, or 0.3%, to $71.24 a barrel by 0130 GMT, while U.S. West Texas Intermediate crude futures were at $67.11 a barrel, up 9 cents, or 0.1%.

World War Three, senior Russian lawmakers said on Sunday. Two U.S. officials and a source familiar with the decision revealed the significant reversal of Washington's policy in the Ukraine-Russia conflict earlier on Sunday. «The West has decided on such a level of escalation that it could end with the Ukrainian statehood in complete ruins by morning,» Andrei Klishas, a senior member of the Federation Council, Russia's upper chamber of parliament, said on the Telegram messaging app.

Subscribe to enjoy similar stories. New Delhi: The Centre has decided to scrap the windfall tax, a levy imposed on local production of crude oil and exports of petrol, diesel and jet fuel, at a time of subdued oil prices. A decision to this effect has been taken at the top level in the government, and the finance ministry may shortly issue an order, two people familiar with the development said.

Joe Biden has for the first time authorised the use of U.S.-supplied long-range missiles by Ukraine to strike inside Russia, according to people familiar with the matter. The decision is a major U.S. policy shift and comes as Biden is about to leave office and President-elect Donald Trump has pledged to limit American support for Ukraine and end the war as soon as possible, as per reports. The weapons are likely to be used in response to North Korea's decision to send thousands of troops to Russia in support of Russian President Vladimir Putin's invasion of Ukraine, according to one of the people, AP reported. The people were not authorised to discuss the matter publicly and spoke on condition of anonymity.

Russia’s war on Ukraine if the alliance between Pyongyang and Moscow continues to deepen, according to people familiar with assessments made by some Group of 20 nations. The analysis is one of several on the evolving partnership between Russian President Vladimir Putin and North Korean leader Kim Jong Un, said the people, speaking on condition of anonymity to talk about private discussions. They stressed that such a move wasn’t imminent and that military support at that scale — if it occurred — would likely happen in batches with troops rotating over time rather than in a single deployment. Ukraine’s ambassador to South Korea made a similar assessment earlier this month. Dmytro Ponomarenko said in an interview with VOA that Kyiv expected up to 15,000 North Korean troops deployed to fight in Russia’s Kursk region – and possibly in occupied areas of eastern Ukraine – to rotate every few months.

Joe Biden has for the first time authorized the use of U.S.-supplied long-range missiles by Ukraine to strike inside Russia, according to one U.S. official and three people familiar with the matter. The decision is a major U.S. policy shift and comes as Biden is about to leave office and incoming President-elect Donald Trump has said he would bring about a swift end to the war and has expressed skepticism over continued support by the United States. The weapons are likely to be used in response to North Korea's decision to send thousands of troops to Russia in support of Russian President Vladimir Putin's invasion of Ukraine, according to one of the people. The official and the people familiar with the matter were not authorized to discuss the decision publicly and spoke on condition of anonymity.

Subscribe to enjoy similar stories. President-elect Donald Trump’s push for peace negotiations between Russia and Ukraine is finding growing acceptance among Ukraine’s European allies, who increasingly worry that time isn’t on Ukraine’s side in the war. While European leaders have started discussions to see whether they could fill any funding gap for Kyiv if the incoming Trump administration cuts off support, officials in many capitals recognize that an off-ramp to the conflict appears increasingly necessary.

Volodymyr Zelenskyy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy, commenting at a decisive moment after Donald Trump’s U.S. presidential election win and Russia’s grinding battlefield gains.However, Zelenskyy said Russian President Vladimir Putin was not interested in agreeing to a peace deal, and argued it was convenient for Moscow to sit down to talk while continuing to fight.“From our side, we must do everything so that this war ends next year, ends through diplomatic means,” Zelenskyy said in a Ukrainian radio interview aired on Saturday.Moscow’s ambassador to the U.N.

Russia, which before the Ukraine war was the biggest single supplier of natural gas to Europe, has lost almost all of its European customers as the EU tries to reduce its dependence and after the Nord Stream pipeline to Germany was blown up in 2022. Now one of the last main Russian gas routes to Europe — the Soviet-era Urengoy-Pomary-Uzhgorod pipeline via Ukraine — is due to shut at the end of this year, as Kyiv does not want to extend a five-year transit agreement which brings northern Siberian gas to Slovakia, the Czech Republic and Austria.

Kamala Harris lost the presidential election, but one of her campaign slogans was vindicated in defeat. «We're not going back!» the Democratic nominee insisted on the campaign trail, and she was unintentionally correct: Donald Trump's return to power is proof that we have lived through a real turning point in history, an irrevocable shift from one era to the next. In Trump's first term, he did not look like a historically transformative president. His victory was narrow. He lacked real majority support. He was swiftly unpopular and stymied and harassed. Even if his 2016 upset proved that discontent with the official consensus of the Western world ran unexpectedly deep, the way he governed made it easy to regard his presidency as accidental and aberrant — a break from a «normal» world of politics that some set of authority figures could successfully reimpose.

Rahul Gandhi compared Prime Minister to US President Joe Biden on Saturday, saying both have 'memory' challenges. «My sister was telling me that she heard Modi ji's speech where he has been speaking the same thing that we have been speaking all along. I don't know, maybe he has memory loss. Like the former US President of America (Biden) used to say something here and there. He had to be reminded from behind that you should not be speaking this, you need to be speaking this,» said Gandhi. He added, " There the Ukraine President had come (to visit Biden in the US) and the US President spoke of the Russian President Putin had come, then people from behind had to tell him that it was the Ukraine President who had arrived, he (Biden) had a memory loss. Similarly our Prime Minister is suffering from memory loss. I don't know he might even come and claim that the state government is giving you Rs 7,000 per quintal on Soybean," said Rahul Gandhi while addressing a campaign rally in Amravati.

Russia is solely responsible for preventing a fair settlement to end the war in Ukraine, the G7 said on Saturday, in a statement marking 1,000 days of the Russian invasion. «Russia remains the sole obstacle to just and lasting peace,» the Group of Seven industrialised nations, of which Italy holds the rotating presidency, said in a statement. The G7, which also comprises Britain, Canada, France, Germany, Japan and the United States, confirmed «its commitment to imposing severe costs on Russia through sanctions, export controls and other effective measures».

Volodymyr Zelensky said on Saturday he would like to end the war with Russia next year through «diplomatic means». He spoke a day afer saying he expected the conflict to end sooner than it would otherwise have done, once Donald Trump takes office in the United States next year. «For our part, we must do everything we can to ensure that this war ends next year. We have to end it by diplomatic means,» Zelensky said in an interview with Ukrainian radio. «And this, I think, is very important.»

Austrian utility OMV says supplies from Russia’s state-owned natural gas company Gazprom stopped early Saturday after the company said it would stop payments for the gas following an arbitration award

Zelenskiy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy. In a radio interview aired on Saturday, Zelenskiy conceded that the battlefield situation in eastern Ukraine was difficult and Russia was making advances. He said his Russian counterpart Vladimir Putin was not interested in agreeing to a peace deal. Zelenskiy said U.S. legislation prevented him from meeting President-elect Donald Trump before his inauguration next January. The Ukrainian leader said he would only talk with Trump himself rather than any emissary or advisor.

Austria's chancellor says Russia’s state-owned natural gas company Gazrom will cut off supplies early Saturday to Austrian utility OMV

long-range guided rockets that are needed to counter Chinese-origin systems deployed on India's northern borders, with all validation trials completed in a process that lasted almost four years. The indigenous Guided Pinaka rockets can hit targets at a range of over 75 km and are equipped with a guidance kit that corrects their course during flight for enhanced accuracy. The final tests were conducted on November 10 and all technical requirements of the Army have been met. Sources said the next step is to extend their range to 120 km in the first phase and to over 200 km in the second, work for which is already underway. The system has been designed by DRDO in partnership with four companies, including three private sector entities, that have already set up production facilities.

Donald Trump privately held «more nuanced» positions on Ukraine, days after he spoke with the president-elect of the United States by phone. Trump's reelection in last week's US presidential vote has raised concerns he could withdraw Washington's significant support for Ukraine once back in the White House. On the campaign trail, the Republican claimed he could end the fighting within hours and that he would talk directly with Russian President Vladimir Putin.

Olaf Scholz discussed the war in UkrPutinaine by phone with Russian President Vladimir Putin on Friday in the first such conversation in two years, the German government said. Government spokesman Steffen Hebestreit said Scholz condemned «Russia's war of aggression» against Ukraine during the call, and called on Putin to end it by withdrawing troops that invaded the country in February 2022. Scholz also urged Russia to be willing to negotiate with Ukraine toward achieving a just and lasting peace, and expressed Germany's unwavering determination to support Ukraine in its fight, Hebestreit said in a statement.