Ukraine Financial News

The top European Union cybersecurity official says that disruptive digital attacks have doubled in the 27-member bloc in recent months and election-related services are also being targeted

Russia’s wealthy elite could face higher income taxes

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits

Hungary’s top diplomat has visited Belarus for talks on expanding ties despite the European Union’s sanctions against the country

Sweden will give $1.23 billion in military aid to Ukraine, in its largest donation so far

Sweden will donate two radar surveillance and command aircraft to Ukraine to boost its defences in the war with Russia, the Swedish government said on Wednesday, as part of its largest aid package to Ukraine so far worth about 13.3 billion Swedish crowns ($1.3 billion). The Saab Airborne Surveillance and Control (ASC) 890 aircraft allows easier long-range target identification and will help Ukraine with the planned introduction of F-16 fighter jets donated by other Western countries, Sweden said. «They will complement and reinforce the F-16 systems,» Defence Minister Pal Jonson told a press briefing in Stockholm.

Volodymyr Zelenskyy received a second $1-billion promise of military aid in as many days on Tuesday during a whirlwind tour of three European Union countries, even as President Vladimir Putin warned that hitting Russian soil with Western-supplied weapons could set the war on a dangerous new path. The aid pledge for 2024 came from Belgium, which topped up the money with a commitment to give Ukraine 30 F-16 fighter jets in the next four years. «Our task is to use the first F-16 on the battlefield this year and in such way that it will fortify our positions,» Zelenskyy said.

Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts have turned to stablecoins.

Russia and Uzbekistan have signed an accord for Moscow to build a small nuclear power plant in the Central Asian country

International donors meeting in Brussels say they will commit 7.5 billion euros, about $8.1 billion, in both grants and loans to support Syrians battered by war, poverty, and hunger for the rest of this year and beyond

Finance officials from the Group of Seven rich democracies say they have moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries

Syria's devastating civil war, now in its 14th year, remains largely frozen and so are efforts to find a viable political solution to end it

defence ministry is tightening the monitoring of defence equipment being manufactured in India and has asked the industry to strictly follow end-user certification rules when it comes to exports, after some reports of equipment going into the «wrong hands» have come up. The Indian defence sector has seen a sharp increase in production of arms and weapons for both internal use and export orders in the past few years. Weapons manufacturing is on the rise throughout the world, given the Ukraine-Russia crisis, and multiple reports have emerged of weapons landing up on either side of the conflict without proper authorisation by the country of origin. The ministry is now looking to set up an internal portal that will monitor consumption patterns of imports being done by defence sector companies, particularly when it comes to explosives and primers.

India's liquefied natural gas (LNG) import terminals got busier last fiscal as imports rebounded amid easing of global gas market turbulence seen in the previous two years. Capacity utilisation at most import terminals increased during the year, with utilisation rising to 95% from 78% in FY23 at India's largest import terminal at Dahej, showed oil ministry data. Petronet LNG operates the Dahej terminal in Gujarat. Its other terminal at Kochi operated at 21% capacity in FY24, up from 19%. GAIL's terminal at Dabhol in Maharashtra recorded 43% utilisation, up from 39%, while Indian Oil's terminal at Ennore in Tamil Nadu improved performance to 18% from 13%.

counter-space weapon into the Low Earth Orbit by Russia last week has turned the spotlight on a race that is developing in outer space between different countries. War is not just fought on Earth but has now expanded to cyberspace and outer space. This was demonstrated by Russia during its invasion of Ukraine. A cyber-attack crippled the defense forces in Kyiv and other European capitals that were dependent on a communication satellite.

Tata Motors, the impact of commodity prices, sourcing, semiconductor costs and navigating the maze of sanctions was a challenge for each, except that one entity clearly benefited and made the most like no other - the airline.Also Read: Air India passenger receives broken seat despite paying extra ₹1,000; airline issues apologyAccording to data shared by Cirium, an aviation analytics company, exclusively for this article, there has been an increase of just four frequencies between India and the United States in May 2024, as compared to February 2020, the last month of operations before the COVID-induced lockdown. However, a granular look at the data shows that the American carriers have reduced frequency by 21 weekly flights while Air India has added new flights.

Zelenskyy warned Sunday that Russia is preparing to intensify its offensive along Ukraine's northern border, as the death toll rose to 14 in an aerial bomb attack on a large construction supplies store in the city of Kharkiv. The bombing of Kharkiv on Saturday afternoon also left 43 injured and 16 missing, Kharkiv Gov. Oleh Syniehubov said initially after the attack. In a video statement from Kharkiv, Zelenskyy said that Russia is preparing offensive actions 90 kilometers (55 miles) northwest of Ukraine's second largest city. He said that Russians «gather another group of troops near our border.»

Kharkiv, close to the border, to deny Ukraine the possibility of using these weapons against legitimate military targets on Russian territory makes it very hard for them to defend themselves." It has long been a source of frustration for Ukrainians that if they want to go after targets on Russian soil they must depend on home-produced drones, which have only limited utility. Their anger has been boiling over since May 10th, when the Russians began a big offensive across the border only 20 miles (32km) from Kharkiv, Ukraine’s second-biggest city. It had been subject to pulverising aerial bombardment for several months before.

death toll from a Russian strike on a hardware superstore in the eastern Ukrainian city of Kharkiv rose to 11 Sunday, the regional governor said, with President Volodymyr Zelensky condemning the attack as «vile». «Unfortunately, the death toll at 'Epitsentr' has increased to 11 people,» Kharkiv regional governor Oleg Synegubov said on Telegram, referring to the store hit on Saturday. Earlier, he said six people had «died on the spot», 40 were wounded and 16 were missing after two guided Russian bombs hit the store.

subsequent interview with The Economist. His dramatic warning that “Europe could die" provides an opportunity to reflect on the challenges that face the continent, and the progress it has made since President Macron’s first speech. The geopolitical landscape has shifted dramatically over those seven years.

Zelenskiy said on Friday that Ukrainian forces had secured "combat control" of areas where Russian troops staged an incursion this month in northern parts of Kharkiv region.