Ukraine Financial News

Indian films and were floored by Raj Kapoor, Mithun Chakraborty, Hema Malini and Shah Rukh Khan years ago. Now, after a gap of about three decades, industry players and authorities are working to reignite the old cultural affiliation through Indian films by increasing film shoots and screenings of Indian films in Russia. Film production and distribution companies and government officials in Russia are looking to attract Indian filmmakers and films now that Hollywood films are absent in Russia following the Russia-Ukraine conflict. Sarfaraz Alam Safu, who runs Kartina Entertainment, a line production company for Indian films in Russia and CIS countries, said Indian filmmakers are showing increasing interest and parts of some recent films including Sardar Udham, Pathan, Tiger, and Jugjugg Jeeyo were shot there.

President Vladimir Putin has signed a decree allowing Russia to confiscate U.S. assets to compensate for any Russian assets confiscated in the United States

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen...

Officials say a nighttime Russian attack has destroyed train tracks and rolling stock in Ukraine’s northeastern Kharkiv region

STRESA, Italy—The U.S. and its allies are moving toward an agreement on a novel financing plan that would provide Ukraine with up to $50 billion, though Western officials are still working through important details on the use and structure of the funds. The idea relies on the investment returns—mainly interest payments—generated by the roughly $300 billion in Russian sovereign assets that the U.S.

Russia from advancing further into the northeastern Kharkiv region and are now counter-attacking, but Moscow is intensifying its assault on other parts of the front, Ukraine's army said Friday. Kyiv has been battling a fresh Russian land assault in the Kharkiv region since May 10, when thousands of Moscow's troops stormed the border, making their biggest territorial advances in 18 months. President Volodymyr Zelensky visited the region's capital on Friday to discuss the battle for Vovchansk, a town that sits fewer than five kilometres (three miles) from the border.

India's growing weight will ensure that the overall balance in the world order remains in favour of freedom, openness, transparency and a rules-based order, External Affairs Minister S Jaishankar said on Friday. In a virtual address at the Nikkei Asia Future of Asia Forum, he said the challenge of supply chain and the use of economic coercion by states have put a premium on resilience, in comments that came amid China's attempt to become an economic hegemon. Jaishankar said the world is undergoing a flux, driven by geopolitical, geo-economic and geo-technological developments and that the global order today is visibly under stress, with Asia and the Indo-Pacific very much part of this transformation. «But it is not just change we are seeing; there is also much greater risk-taking. It is visible in the conflict in Ukraine, in violence in the Middle East and the disregard for international law and agreements in Asia and the Indo-Pacific,» he said.

defense minister. Then the head of the ministry's personnel directorate was hauled into court. This week, two more senior military officials were detained. All face charges of corruption, which they have denied. The arrests began after President Vladimir Putin began his fifth term and shuffled his ally, longtime Defense Minister Sergei Shoigu, into a new post. It immediately raised questions about whether Putin was reasserting control over the Defense Ministry amid the war in Ukraine, whether a turf battle had broken out between the military and the security services, or whether some other scenario was playing out behind the Kremlin's walls.

South Korea on Friday imposed sanctions on seven North Korean individuals and two Russian vessels over weapons trade and other activities between Pyongyang and Moscow deemed in breach of U.N. Security Council resolutions, Seoul's foreign ministry said. The Russian vessels had been carrying a large quantity of containers between Russia and North Korea transporting military supplies in a clear violation of the United Nations Security Council resolutions, the ministry said in a statement. The United States and South Korea have accused North Korea of transferring weapons to Russia for use in its war in Ukraine. Both Moscow and Pyongyang have denied the accusations, but vowed last year to deepen military relations.

Bloomberg reported on May 23, citing sources familiar with the situation.Also Read | West Indies vs South Africa Highlights: West Indies beat South Africa by 28 runsThis new valuation surpasses the $180 billion figure reached during SpaceX's previous tender offer. Also Read | Faked Biden Robocall Results in Charges for Democratic OperativeThe Bloomberg report suggested that the shares could be priced between $108 and $110 each.

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion

missiles slammed into Ukraine's second-largest city in the northeast of the country and killed at least six civilians early Thursday, officials said, as Kyiv's army labored to hold off an intense cross-border offensive by the Kremlin's larger and better-equipped forces. At least 16 people were injured as S-300 missiles struck the city of Kharkiv, regional Gov Oleh Syniehubov said. The sound of 15 explosions reverberated around the city of some 1 million people. Ukrainian President Volodymyr Zelenskyy called the attack «extremely cruel.» He expressed renewed frustration at not getting enough air defense systems from the country's Western partners to prevent the barrages after more than two years of unrelenting war. The city of Kharkiv, which is the capital of the region of the same name, lies about 20 kilometers (12 miles) from the Russian border. Moscow's troops have in recent weeks captured villages in the area as part of a broad push, and analysts say they may be trying to get within artillery range of the city.

China is sending «lethal aid» to Russia for use in its war against Ukraine, Britain's defence minister Grant Shapps said on Wednesday. «Today I can reveal that we have evidence that Russia and China are collaborating on combat equipment for use in Ukraine,» he said in a speech at a London conference. Shapps warned that NATO needed to «wake up» and bolster defence spending across the alliance.

tactical nuclear weapons that were announced by Russian authorities earlier this month in an apparent warning to senior Western officials who had spoken about the possibility of deeper involvement in the war in Ukraine. It was the first time Russia has publicly announced drills involving tactical nuclear weapons, although its strategic nuclear forces regularly hold exercises. According to a statement by the Defense Ministry released Tuesday, the first stage of the new drills envisioned «practical training in the preparation and use of non-strategic nuclear weapons,» including nuclear-capable Kinzhal and Iskander missiles. The maneuvers are taking place in the Southern Military District, which consists of Russian regions in the south, including on the border with Ukraine; Crimea, illegally annexed from Ukraine in 2014; and four Ukrainian regions that Russia illegally annexed in 2022 and partially occupies.

Russia will likely open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast with joint investments from China by the end of 2025, two industry sources said on Wednesday. Last week, Russian Direct Investment Fund (RDIF) struck an agreement with Chinese petrochemical company Haiwei to finance the marine terminal in Russia's Far East to ship LPG. It did not provide the timings for the project completion.

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills

Germany’s foreign minister says sending air defense systems to Ukraine to help protect it from Russian cruise missiles, rockets and drones is an “absolute priority.”

Sustained Russian attacks on Ukraine’s power grid in recent weeks have forced leaders of the war-ravaged country to institute nationwide rolling blackouts

London Drugs has confirmed that the cybersecurity breach that forced it to close stores across Western Canada for more than a week was a ransomware attack.

Tyson Fury's bout against Oleksandr Usyk has become talk of the town and now the 'The Gypsy King' is ready for the next fight. Fury lost aginst Usyk in a split decision which dealt a blow to the former's chances of becoming undisputed heavyweight champion. Now Fury's promoter Frank Warren has claimed that there will be a rematch against Oleksandr Usyk and they were pushing for the bout to take place in Saudi Arabia in October this year, as per SportsBible report.

“This is 1938," historian Timothy Snyder said at a weekend conference in Estonia. He warned that a Ukrainian defeat would shift the calendar to 1939. Many Americans still don’t fully grasp how serious the international situation has become.