Ukraine Financial News

U.S. President Joe Biden says the agreement to tap into the windfall profits on frozen Russian assets held in Europe would put that money to work for Ukraine

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced additional measures on June 12 to increase pressure on Russia in response to its ongoing conflict with Ukraine.

A group of Ukrainian winemakers has visited California’s Napa Valley to learn about organic farming and how to heal land scarred by bombs and littered with mines

The leaders of the Group of Seven wealthy democracies have agreed to set in motion a $50 billion loan to help Ukraine

Italy is hosting the summit of the Group of Seven industrialized nations in the wake of the European Parliament election that saw a surge in support for the far right in places like G7 members France and Germany

(Bloomberg) — A giant state-owned Chinese commodities trader is nursing losses after a shipment of copper from Russia worth nearly $20 million went missing, reigniting fears over fraud in the often secretive market for buying and selling raw materials.

The heads of the Group of 7 nations — Britain, Canada, France, Germany, Italy, Japan and the United States — started their annual summit Thursday at a luxury hotel in Puglia on the southern Italian coast, overlooking the Adriatic Sea. The wars in Ukraine and the Gaza Strip and the threats posed by China's economic rise are high on the agenda.

United States and European countries have agreed to lock up sanctioned Russian assets until Moscow pays reparations for its invasion of Ukraine, a senior US official said on Thursday. The move clears the way for leaders to announce a USD 50 billion loan package for Kyiv at the Group of Seven summit, where President Joe Biden is set to sign a security agreement with Ukraine's Volodymyr Zelenskyy. The highly anticipated agreement will leverage interest and income from the more than USD 260 billion in frozen Russian assets, largely held in Europe, to secure a USD 50 billion loan from the US and additional loans from other partners. The first disbursements will be made this year, but it will take time for Ukraine to use all the money, the official said. The official spoke on the condition of anonymity to preview the agreement, which will be included in the G7 leaders' communique on Friday.

FISME) has urged the government to review NPA classification rules, third-party rating of MSMEs and Quality Control Orders (QCO). The key body representing MSMEs has also sought the government’s intervention in protecting export-oriented MSMEs and tweaking trade policies to reflect the growing contribution of Asia to global GDP. Classifying loan accounts as special mention account (SMA) if interest or principal is due for 30 days stifles the MSME's growth.

Italy to attend an Outreach session at the G7 summit, Prime Minister Narendra Modi on Thursday said its focus would be on artificial intelligence, energy, Africa, and the Mediterranean. Modi said this in a departure statement before leaving for the European nation in his first foreign trip after becoming prime minister for a third term. The prime minister said issues crucial for the Global South will also be deliberated upon at the Outreach session. The G7 summit, to be held in the luxury resort of Borgo Egnazia in Italy's Apulia region from June 13 to 15, is expected to be dominated by the raging war in Ukraine and the conflict in Gaza.

German energy company Uniper says a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia's Gazprom hasn’t supplied since 2022

The United States has widened its sanctions against Russia as G7 leaders prepare to gather in Italy for a summit where top priorities will be boosting support for Ukraine and grinding down Russia’s war machine

first attack took place in Reasi, where around nine to ten pilgrims were killed. The second is the Kathua terror attack.

Ukraine's military said on Wednesday it had hit three Russian surface-to-air missile systems in Russian-occupied Crimea overnight, its second reported strike on air defences on the peninsula this week.

Market LIVE Updates hereWhen asked to elaborate on why he doesn't like firing people, Huang told The Transcript that he "would rather improve you than give up on you"."When you fire somebody, you're saying, a lot of people say: 'it wasn't your fault', or 'I made the wrong choice', or 'there are very few jobs'. Look, I used to clean bathrooms, and now I'm the CEO of a company. I think you can learn it.

Ukrainian President Volodymyr Zelenskyy has appealed for short-term help in repairing his country’s electricity network and long-term investment in its energy system

Gas prices are once again on the decline across the U.S. That's bringing some relief to drivers now paying a little less to fill up their tanks

The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States

After the regulator slapped a notice to the airline, it gave a $350 voucher to passengers who flew on the delayed flight to San Francisco. While Air India is the largest operator of non-stop flights to North America from India, a look at flight tracking website FlightRadar24's data shows that On Time Performance (OTP) of all airlines operating non-stop between India and America have an OTP problem.

Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the Times reported on Saturday.

voters from Vilnius to Madrid were casting ballots Sunday on the final day of elections for the EU's parliament, with far-right parties eyeing gains at a pivotal time for the bloc.