Ukraine Financial News

Kremlin on Saturday warned the deployment of US missiles in Germany could make European capitals targets for Russian missiles in a repeat of Cold War-style confrontation. Kremlin spokesman Dmitry Peskov spoke of a «paradox» in which «Europe is a target for our missiles, our country is a target for US missiles in Europe.» «We have enough capacity to contain these missiles but the potential victims are the capitals of these countries,» he said, speaking to Russian state television channel Russia 1.

recently reported, Volodymyr Zelensky, Ukraine’s president, is still publicly claiming that Ukraine will recover all the territory the Russians conquered, even if he privately knows that this will not happen soon, if at all. His frustration with the lack of progress prompted him to reshuffle the leadership of the armed forces earlier in February. Our charts and maps below show where things stand two years into Russia’s full-scale invasion.

Peace dialogue does not succeed amidst bombs, guns and bullets and no solution to any conflict is possible in the battlefield, Prime Minister Narendra Modi said this to Russian President Vladimir Putin on Tuesday as the two leaders held talks under the spectre of the Ukraine conflict. In his televised opening remarks, Modi conveyed to Putin and assured the world community that India is on the side of peace and was ready to contribute in ending the conflict in Ukraine. «For a bright future for the new generation, peace is most essential...Peace talks do not succeed amidst bombs, guns and bullets,» he said. The prime minister also referred to his informal meeting with Putin on Monday and said listening to the Russian president lent «hope».

Red Sea crisis and ongoing war between Ukraine-Russia and Israel-Hamas. E-commerce exports are growing rapidly and those done through the postal and courier routes are pegged at $1.5 billion. Here's a look at the challenges the export sector is facing and its budget wishlist. India's goods and services exports in FY24 were at an all-time high of $778.2 billion, up 0.23% from $776.4 billion in 2022-23 (goods USD 437.1 billion and services USD 341 billion). Key issues in India's export saga;

The United States, Canada and Finland will work together to build up their icebreaker fleets as they look to bolster their defenses in the Arctic, where Russia is increasingly active

Keir Starmer, Britain's newly elected prime minister, addressed the issue indirectly while discussing age limits for lawmakers. He held the view that it is up to the Americans to decide their president. Starmer further mentioned that the incumbent 81-year old was in good form when met him.“Obviously in America, it’s for the American people to decide who they want to be their president," Starmer told Jake Tapper in an exclusive interview with CNN.

Republicans will gather for their convention in Milwaukee next week united behind presidential candidate Donald Trump but divided on what the party stands for. There are, of course, widely aired disagreements over abortion and the war in Ukraine. But a potentially more consequential division has opened over economics.

Dmitry Medvedev said that the US believed it had won the cold war but in reality, had failed to do so. Further, he said that the US is now one step away from losing it completely. In the past, he has threatened Russia’s opponents that the county will use its nuclear arsenal. He was largely seen as liberal in the western circles in comparison to President Vladimir Putin, but his stance changed after the onset of the Russia-Ukraine war. He is presently the deputy chair of Russia’s Security Council. This has been reported by the Business Insider.

Ukraine received a setback when Russian forces rained down its famous Iskander M ballistic missiles. These missiles destroyed two S-400 air defense systems of Ukraine. This happened in the Poltava region of Ukraine. The Russian Defense Ministry published footages of this incident. Russia is increasingly using these missiles and it is believed to be the fourth strike on Ukraine in a span of six days. It has also been reported that Ukraine has adopted a well-known war tactic of using decoys to engage with the Russians. The latter would be tricked into striking dummy models without sustaining any major damages.

President. On Thursday, during a late evening press conference at the conclusion of the NATO summit and afterwards, Biden got two names mixed up and this the latest in a series of gaffes which has raised questions on the fitness levels of the president. Many of the democrats feel in private that this may be the last nail in the coffin of Biden’s presidential bid. This was a chance for Biden to not only prove himself but also an opportunity to arrest America’s declining influence in the global area. He appears to have failed in both the tasks.

India-Russia annual summit in Moscow on Tuesday between Prime Minister Narendra Modi and President Vladmir Putin will be on devising mechanisms for the easy and quick transfer of money between the two countries. This has gained significance in the backdrop of the ban on the use of SWIFT by Russia and the unprecedented surge in bilateral trade since the Ukraine war. The two leaders are also expected to initiate a process to allow the use of national currencies by tourists and students, ET has learnt. This will include the use of RuPay cards in Russia and MiR cards in India, according to persons familiar with the matter. While 60% of India-Russia trade is currently in national currencies, the need for real-time and faster payment in the absence of SWIFT has been felt. It is in this context that Modi and Putin are expected to focus on creating a special mechanism, said the people cited above.

NATO alliance and friendly countries across the world, in particular those in the Indo-Pacific region, the White House said on Monday, on the eve of the crucial NATO summit here. Leaders from 38 different countries have gathered in Washington for a historic summit to mark the 75th anniversary of the first NATO summit. This includes the leaders of all NATO allies as well as NATO partners, including Ukraine, Japan, New Zealand and the Republic of Korea. «The president has also strongly encouraged greater partnerships between the NATO alliance and friendly nations around the world, particularly in the Indo-Pacific, as you will see. The president knows that the global threats and challenges that we all face, including from authoritarian actors and terrorist organisations, are inextricably linked,» John Kirby, White House National Security Communications Advisor, told reporters at a news conference here. «He has also encouraged our NATO allies to join him in making significant investments in our mutual defence and deterrence capabilities. When the Biden-Harris administration took office, only nine NATO allies were spending at least 2 per cent of their gross domestic product on defence — 2 per cent was the Wales pledge,» he said.

As Thursday’s presidential debate reverberated through American politics, most attention focused on President Biden’s faltering performance. But there is another dimension to the story. The debate moved foreign policy to center stage in the presidential race even as it raised the temperature of world politics and increased the chances of more international crises as the U.S.

Voronezh region, near the two countries' shared border, Russian and Ukrainian officials said Sunday. «Several drones were detected and destroyed overnight by air defence systems above the Voronezh region,» regional governor Alexander Gusev wrote on Telegram. «Their falling debris set off a fire in a depot» in the Podgorensky district, about 80 km from the Ukrainian borderm. «Explosives began to detonate», Gusev said, adding that there were no indications anybody had been hurt. Rescue teams were at the scene and Gusev said local people living near the depot were being evacuated.

NEW DELHI : The Centre may issue so-called composite licences to find and extract critical minerals, in effort to end the fragmented nature of licensing, and tempt mining giants which passed up the blocks that went on auction last year. Critical mineral auction is currently a two-step process. In the first step, exploration licences are auctioned, and the bidder agreeing to share the lowest amount with a future miner wins the licence.

UN Security Council members confronted Russia on Tuesday over a missile strike the previous day that destroyed part of Ukraine's largest children's hospital, pouring out condemnations at an emergency meeting chaired by Moscow's own ambassador. Russia denies responsibility for the strike at the hospital, where at least two staffers were killed. France and Ecuador asked for the session at the Security Council, but Russia led it as the current holder of the council's rotating presidency, putting Ambassador Vassily Nebenzia on the receiving end of the criticism. «Mr President, please stop this war. It has been going on for too long,» Slovenian Ambassador Samuel Zbogar appealed.

One aspect of Indian foreign policy under Prime Minister Narendra Modi that has stood out since he first assumed office in 2014 is the outreach he has made to countries New Delhi seemed to have little time for. Modi’s visits to West Asia have been the most remarkable, but his visit to Austria is another good example.

The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, says it increased its net profit, output and exports in 2023

To demonstrate it, Oleksii Babenko, 25, Vyriy's chief executive, hopped on his motorcycle and rode down a dirt path. Behind him, a drone followed, as a colleague tracked the movements from a briefcase-size computer. Until recently, a human would have piloted the quadcopter. No longer. Instead, after the drone locked onto its target — Mr. Babenko — it flew itself, guided by software that used the machine's camera to track him.

S Jaishankar on Wednesday met his Russian counterpart Sergey Lavrov on the margins of the Shanghai Cooperation Organisation Summit and discussed preparations for Prime Minister Narendra Modi’s scheduled visit to Moscow on July 8-9 including possibility of opening of two new Indian consulates in Russia. Currently besides the Indian Emabssy in Moscow, there are two Indian consulates— St Petersburg and Vladivostok. ET has learnt that India might open two more consulates in Russia and final announcement can be made at the annual summit next week. In their first meeting since December 2023, Jaishankar and Lavrov discussed aspects of the bilateral strategic partnership, including defence, energy, trade, investment and connectivity corridors. The two ministers also held preparatory talks for PM Modi’s upcoming visit, according to people familiar with the matter.

annual summit surprised many in the international community, the genesis of this visit was two telephone conversations between President Vladimir Putin and the Indian PM this year. The two first spoke following Putin’s Presidential polls victory in March. This was followed by Putin’s call to Modi (first P5 leader to telephone the PM) after BJP-led NDA’s election victory on June 4. ET has learnt that during the conversations the two discussed the possible visit by Modi for annual summit and it was decided that the PM could probably visit Russia by middle of this year. The government on both sides then worked to firm up the schedule as it was felt that a political summit was imperative to give momentum to the strategic partnership. Earlier during his trip to Moscow last December External Affairs Minister S Jaishankar had informed that Modi will visit Russia this year and he is also scheduled to attend the BRICS Summit in Kazan, Russia, end of October.