Ukraine Financial News

Ukrainian President Volodymyr Zelenskyy said Sunday that Russia had launched around 900 guided aerial bombs, 500 drones and 30 missiles against Ukraine over the past week. Zelenskyy appealed Sunday on X to Ukraine's allies to provide «long-range capabilities for our security», saying that these «attacks would have been impossible if we had sufficient support from the world». Kyiv is still awaiting word from its Western partners on its repeated requests to use the long-range weapons they provide to hit targets on Russian soil, including for preemptive Ukrainian strikes on camps where North Korean troops are being trained.

Subscribe to enjoy similar stories. Officials from China have avoided direct comment on North Korea’s despatch of thousands of troops to Russia, where they might help in a conflict that all three countries see as a contest against overweening American might. China itself is a crucial if undeclared backer of Russia’s war effort in Ukraine, providing technological support for Russia’s defence industries.

Zelenskyy sounded the alarm on Russia's escalating attacks, revealing that more than 2,000 Shahed drones and missiles utilising Western components were launched against Ukraine in October alone. Zelenskyy further stressed the urgent need for enhanced export controls to prevent sanctions evasion and said that Russia's supply chain relies on over 1,70,000 individual components from firms in China, Europe, and the United States. Sharing a post on X, Zelenskyy wrote, «Russia is gradually ramping up its daily attacks with Shahed drones and missiles, still using Western components to do so. In October alone, over 2,000 Shaheds were launched against Ukraine--almost every single day.»

Viktor Orban made his loyalties clear when he landed in Georgia this week. As protesters disputed an election victory for its pro-Russian leadership, Hungary’s prime minister congratulated the country for choosing not to become the next Ukraine. The trip to Tbilisi was a bold move, even for a leader who has made no secret of his coziness with Russia and disregard for the European Union. But with all eyes now on voting in the US, the timing was as important as the optics. A win for his ally Donald Trump on Tuesday could make Orban the go-to person in Europe for the next US president, according to a person familiar with the thinking in Budapest. And with Russia’s war in Ukraine, Europe’s security and trade relations with China all in flux, Orban is relishing that prospect.

North Korea will stand by Russia until its victory in Ukraine, Pyongyang's foreign minister said in Moscow Friday, as the United States warned thousands of North Korean troops could be sent to combat in the Ukraine conflict in the coming days. North Korea's Choe Son Hui is on a visit to Moscow as the West believes up to 10,000 North Korean troops are on the brink of entering the more than two-year conflict on Russia's side. US intelligence has said some North Korean forces have made their way to Russia's Kursk border region, with Washington and Seoul urging Pyongyang to withdraw its troops.

armoured vehicles, and anti-tank weapons. In a statement, the Pentagon said, «The Department of Defense (DoD) announced additional security assistance to meet Ukraine's critical security and defence needs. This announcement is the Biden Administration's sixty-ninth tranche of equipment to be provided from DoD inventories for Ukraine since August 2021.» It added, «This Presidential Drawdown Authority (PDA) package, which has an estimated value of $425 million, will provide Ukraine additional capabilities to meet its most urgent needs, including air defence interceptors; munitions for rocket systems and artillery; armoured vehicles; and anti-tank weapons.»

Donald Trump condemned the Muhammad Yunus-led Bangladesh administration for failing to protect Hindus and vowed to strengthen his country’s partnership with India and “good friend” Prime Minister Narendra Modi while lashing out at Democratic rival Kamala Harris ahead of the November 5 polls. “Kamala and Joe have ignored Hindus across the world and in America. They have been a disaster from Israel to Ukraine to our own southern border, but we will make America strong again and bring back peace through strength!” he said in a Diwali message on X. “Under my administration, we will also strengthen our great partnership with India and my good friend, Prime Minister Modi. Also, happy Diwali to all. I hope the festival of lights leads to the victory of good over evil.”

North Korea will back Russia until it achieves victory in the Ukraine war, Foreign Minister Choe Son Hui said on Friday at talks in Moscow with Russian Foreign Minister Sergei Lavrov. «Our traditional, historically friendly relations, which have travelled the tested path of history, today… are rising to a new level of relations of invincible military comradeship,» she told Lavrov, praising the role played in this by North Korean leader Kim Jong Un and Russian President Vladimir Putin. She said Pyongyang had no doubt that under Putin's «wise leadership» the Russian army and people would «achieve a great victory in their sacred struggle to protect the sovereign rights and security interests of their state.»

Choe Son Hui, in a Moscow meeting with Russian Foreign Minister Sergei Lavrov, accused the United States and South Korea of plotting a nuclear strike against her country. She did not provide evidence to back her assertion, but spoke of regular consultations between Washington and Seoul at which she alleged such plotting took place. Choe, who said the situation on the Korean Peninsula could become «explosive» any moment, told Lavrov that North Korea needed to strengthen its nuclear arsenal and perfect its readiness to deliver a retaliatory nuclear strike if necessary.

Department of Treasury said in a statement on Thursday. In addition to disrupting global evasion networks, this action also targets domestic Russian importers and producers of key inputs and other material for Russia's military-industrial base, the statement said. «The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine,» Deputy Secretary of the Treasury Wally Adeyemo said.

North Korea will stand by Russia until its «victory» in Ukraine, Pyongyang's foreign minister said in Moscow amid growing fears the reclusive country will enter the Ukraine conflict. North Korean Foreign Minister Choe Son Hui made the statement after talks with her Russian counterpart Sergei Lavrov in Moscow. She was in Moscow as the West says thousands of North Korean troops are in Russia and will possibly be used in Ukraine.

Russian government is seeking to reallocate 7 trillion roubles ($72 billion) in its three-year budget draft, with a significant portion of the funds directed towards the military, Finance Minister Anton Siluanov said on Thursday. The draft allocates 13.5 trillion roubles to the military in 2025, accounting for a third of total expenditure or 6.3% of GDP — the highest level since the Cold War. New amendments suggest that this figure could be even higher. For the first time, the share of spending on defence will be double that of social spending. Siluanov told a cabinet meeting that the government has prepared about 900 amendments to the draft.

Google' clash with Russia is not a very old story, as the tussle keeps reviving over time, and in this instance, a Russian court has surprised everyone by declaring a $20 decillion fine on the tech giants for violating laws, when they blocked pro-Kremlin media outlets. The fine has been compounded with other penalties imposed on Google, after it blocked 17 Russian TV channels as a result of international sanctions. These TV channels were all speaking in favor of the Kremlin, and in support of the Russian aggression on Ukraine, among other things.

Subscribe to enjoy similar stories. Gold is heavy. Moving it is an onerous task.

Subscribe to enjoy similar stories. WASHINGTON—The U.S. is running low on some types of air-defense missiles, raising questions about the Pentagon’s readiness to respond to the continuing wars in the Middle East and Europe and a potential conflict in the Pacific.

Subscribe to enjoy similar stories. India’s reliance on imported crude oil is getting worse. The latest government data shows that the country imported 88.2% of the oil it consumed in the first half of 2024-25, up from 87.6% a year earlier.

North Korea has sent about 10,000 troops to Russia to train and likely fight against Ukraine within «the next several weeks,» the Pentagon said Monday, in a move that Western leaders say will intensify the almost three-year war and jolt relations in the Indo-Pacific region. Some of the North Korean soldiers have already moved closer to Ukraine, Pentagon spokeswoman Sabrina Singh said, and were believed to be heading for the Kursk border region, where Russia has been struggling to push back a Ukrainian incursion. Earlier Monday, NATO Secretary-General Mark Rutte NATO confirmed recent Ukrainian intelligence reports that some North Korean military units were already in the Kursk region.

Russia has made aproposal to allow Indian airlines to operate local flights within its territory, as its own carriers are unable to meet demand because of Western sanctions cutting off their access to US and European aircraft manufacturers and component supplies. Russia approached India as well as China and a few Central Asian nations a month back, with a ‘cabotage’ proposal to allow their airlines to operate flights on its domestic routes, people aware of the development said. The matter was again raised during Prime Minister Narendra Modi’s visit to Russia last week for the BRICS summit, they said. However, Indian airlines have expressed reservations over the proposal and told the government that it would not be viable for them to operate within Russia, the people said.

North Korea has sent about 10,000 troops to Russia to train and fight in Ukraine within «the next several weeks,» the Pentagon said Monday, in a move that Western leaders say will intensify the almost three-year war and jolt relations in the Indo-Pacific region. Some of the North Korean soldiers have already moved closer to Ukraine, Pentagon spokeswoman Sabrina Singh said, and were believed to be heading for the Kursk border region, where Russia has been struggling to push back a Ukrainian incursion. Earlier Monday, NATO Secretary-General Mark Rutte confirmed recent Ukrainian intelligence reports that some North Korean military units were already in the Kursk region.

JPMorgan Chase CEO Jamie Dimon has expressed concerns about the wars in Ukraine and the Middle East, and the growing cooperation between US adversaries including Russia, China, North Korea and Iran. “The risk is extraordinary,” he said. “World War III has already begun. You already have battles on the ground being coordinated in multiple countries," he said at the Institute of International Finance’s annual meeting in Washington DC. Jamie Dimon has given a stern warning about geopolitical threats that could hurt the global economy. “Recent events show that conditions are treacherous and getting worse,” he wrote in a press release. According to a report in Business Insider, Jamie Dimon said US adversaries want to topple the world order, and the Russia-Ukraine and Israel-Hamas conflicts could explode into a new world war.

During the bilateral talks held at the iconic Laxmi Vilas Palace here, both leaders also discussed the situation in Ukraine and in West Asia, said Tanmaya Lal, secretary (west), Ministry of External Affairs. «With respect to Ukraine, both sides exchanged their views on how they see the situation. PM Modi reiterated India's position that any such conflict can only be resolved by dialogue and diplomacy. This is not the time for war, this cannot be resolved on the battleground. It is necessary that direct discussion takes place between both the parties,» Lal told reporters.