Ukraine Financial News

German prosecutors have issued a first arrest warrant in their investigation into the undersea explosions in 2022 that damaged the Nord Stream gas pipelines between Russia and Germany, according to a media report

LONDON—As Britain’s oil and gas giants scale back their global green-energy ambitions, the U.K.’s newly elected government is launching a multibillion-dollar effort to regain the country’s place as a global pacesetter for clean energy. A new state-backed company, funded by increased taxes on oil and gas production, will invest in many renewable-energy projects around the country. Industry executives are split on whether the plan can meet the government’s ambitious goals.

currency exports. It has also said that Russia has received $2.3 billion worth of dollar and euro notes since March 2022, after its army crossed the border and entered Ukraine.

Narendra Modi is planning to visit Poland and Ukraine between August 21 and 23 with a message of dialogue and diplomacy amid intensification of Russia-Ukraine conflict. It comes just over a month after Modi visited Russia and Austria. This will be an Indian PM's first visit to Warsaw in over four decades despite Poland being India's largest trading and investment partner in central and eastern Europe. From Warsaw, Modi is expected to go to Kyiv on a half-day visit, ET has learnt.

Ukraine’s top military commander says his forces now control 1,000 square kilometers (386 square miles) of Russia’s neighboring Kursk region, the first time a Ukrainian military official has publicly commented on the gains of the lightning incursion that has embarrassed the Kremlin.

UN sanctions banning North Korea's imports of luxury goods, North Korean leader Kim Jong Un appeared to be using a new model of a Mercedes-Benz SUV, local media in neighbouring South Korea reported. Seoul-based Yonhap news agency on Tuesday published photos carried by the Korean Central News Agency, which showed a black Mercedes-Benz SUV on a special train that Kim used to visit flood-hit areas in the northwestern province of North Phyongan last week. Under UN resolutions, first enacted in 2006 after Pyongyang carried out underground nuclear tests, exports of luxury cars and other high-end items to North Korea are banned.

Russia are exploring the idea of a dynamic reference rate to start a rupee-rouble market, along with allowing greater deployment of the rupee balance that has accumulated in course of trade between the two countries since outbreak of the Ukraine war. A reference or exchange rate is aimed at overcoming the dollar trade barriers raised by US sanctions imposed on Russia in February 2022. These, along with putting in place a payment confirmation mechanism, are expected to figure during a meeting of senior central bank officials and bankers in Moscow this week, two industry persons told ET. The Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India.

Iran is preparing to supply Russia with hundreds of ballistic missiles. State Department deputy spokesperson Vedant Patel emphasised on Monday that if this transfer occurs, it would mark a significant escalation. On Friday, Reuters reported that dozens of Russian military personnel are being trained in Iran to use the Fath-360 close-range ballistic missile system, according to two European intelligence sources. They added that they expected the imminent delivery of hundreds of the satellite-guided weapons to Russia for its war in Ukraine. According to the report, Russian defence ministry representatives are believed to have signed a contract on Dec. 13 in Tehran with Iranian officials for the Fath-360 and another ballistic missile system built by Iran's government-owned Aerospace Industries Organization (AIO) called the Ababil.

Russia has announced increased security measures in the border region of Kursk

business cycle is turning at a sickening speed and another one already seems to be on its way. If you are like most people, your memory of downturns will be dominated by the past two—the financial heart attack in 2007-09 and the pandemic-induced collapse in 2020. Both were severe and highly unusual.

Tens of thousands of protesters have rallied in downtown Belgrade against lithium mining in Serbia

study abroad platforms including CollegeDekho, iSchoolConnect, Leverage.biz, Career Mosaic, among others told ET that Indian colleges have lately become safer bets or at least a back-up option for students considering international markets for education. The reasons: protests escalating into violence, political unrest, tighter visa policies, geo-political tensions and economic slowdown in many of the study abroad destinations for Indian students, said experts. Nations like Canada, Australia and the UK that are home to the bulk of Indian students have tightened visa policies leading to higher rates of rejection. Others like Russia, Ukraine, Bangladesh and even some regions in the UK and the US are grappling with either public unrest or geopolitical tensions, making them unattractive.

HDFC faced a hostile banking landscape following the merger in 2022, HDFC Bank MD & CEO Sashidhar Jagdishan was quoted as saying by a ToI report on August 10. Jagdishan acknowledged that the banking landscape changed dramatically after the lender decided to merge with parent HDFC in April 2022, but he defended the decision. Speaking at the bank’s annual general meeting, Jagdishan highlighted that the global economic situation had shifted, altering their initial growth projections due to tighter liquidity conditions and shifts in consumer preferences. Jagdishan noted that the bank's decision to merge had initially factored in growth rates based on a benign liquidity environment. However, this changed after the Reserve Bank of India (RBI) announced a series of repo rate hikes from May 2022, starting with a 40 basis point increase, in response to rising commodity prices following the Ukraine invasion. These rate hikes, totaling 250 basis points, alongside RBI's measures to drain surplus liquidity, increased deposit costs for banks, impacting HDFC Bank significantly as it needed to raise deposits not only for incremental growth but also to cover HDFC's erstwhile assets.

Ukraine army’s surprise charge into Russia this week was a stunning maneuver that caught the Kremlin’s forces off guard.The Kremlin declared a “federal-level” emergency in the Kursk region following the large-scale incursion and sent reinforcements there on Friday, four days after hundreds of Ukrainian troops poured across the border.Meanwhile, a Russian plane-launched missile slammed into a Ukrainian shopping mall in the middle of the day, killing at least 14 people and wounding 44 others, authorities said. It was the latest in an unrelenting barrage of strikes on civilian targets, which made July the deadliest month for civilians since October 2022, according to the U.N.

Ukrainian incursion into Russia's Kursk region was the largest such cross-border raid by Kyiv's forces in the nearly 2½-year war, exposing Russia's vulnerabilities and dealing a painful blow to the Kremlin. The surprise foray has prompted thousands of civilians to flee the region as the Russian military struggles to repel the attack. For Ukraine, the cross-border raid offers a much-needed boost to public morale at a time when the country's undermanned and under-gunned forces have faced relentless Russian attacks along the more than 1,000 kilometre front line. A glance at the Ukrainian raid and its implications.

Iran to use the Fath-360 close-range ballistic missile system, two European intelligence sources told Reuters, adding that they expected the imminent delivery of hundreds of the satellite-guided weapons to Russia for its war in Ukraine. Russian defence ministry representatives are believed to have signed a contract on Dec. 13 in Tehran with Iranian officials for the Fath-360 and another ballistic missile system built by Iran's government-owned Aerospace Industries Organization (AIO) called the Ababil, said the two intelligence officials, who requested anonymity in order to discuss sensitive matters. Citing multiple confidential intelligence sources, the officials said that Russian personnel have visited Iran to learn how to operate the Fath-360 defence system, which launches missiles with a maximum range of 120 km (75 miles) and a warhead of 150 kg. One of the sources said that that «the only next possible» step after training would be actual delivery of the missiles to Russia.

Russia's Ministry for Emergencies on Friday declared the situation in the Kursk region a «federal level» emergency, four days after hundreds of Ukrainian troops poured over the border in what appeared to be Kyiv's biggest attack on Russian soil since the war began. Meanwhile, a Russian plane-launched missile hit a Ukrainian shopping mall late morning Friday, killing at least nine people and injuring 26, authorities said. The mall in Kostiantynivka, in the eastern Donetsk region, is located in the town's residential area. Thick black smoke rose above it after the strike. «This is another targeted attack on a crowded place, another act of terror by the Russians,» Donetsk regional head Vadym Filashkin said in a Telegram post.

Hunter Schafer, who plays Jules in «Euphoria,» shared insights about the status of Season 3 on the Call Her Daddy podcast. The show faces delays and challenges following the loss of key team members.

The popular series, which follows the quirky relationship between Ashley (Harriet Dyer) and Gordon (Patrick Brammall), revolves around their unexpected connection following a car accident and their care for an injured dog named Colin.

Russia's Defense Ministry says the country's troops are fighting Ukrainian forces in the Kursk region on the third day of one of the largest cross-border incursions of the war

The dominant Czech power company CEZ says its net profit in the first half of the year totaled 21.1 billion Czech crowns ($912 million), down 5% from the same period the previous year