Ukraine Financial News

European Union Court of Justice ruled on Wednesday to remove Russian billionaires Mikhail Fridman and Petr Aven from a list of individuals facing European Union sanctions after Russia's attack on Ukraine in 2022. «The General Court considers that none of the reasons set out in the initial acts is sufficiently substantiated and that the inclusion of Mr Aven and Mr Fridman on the lists at issue was therefore not justified,» the Luxembourg-based court said in a statement.

China, Deputy Secretary of State Kurt Campbell said on Tuesday, acknowledging concerns that the warnings may have curtailed exchanges between Americans and Chinese people. Communication channels between Washington and Beijing had largely normalized after months of heightened tensions, Campbell told an event hosted by the non-profit National Committee on US-China Relations.

India by China does not hold any significance and such an attempt will only harm the relation between the two countries. Recently, China renamed 30 places in Arunachal Pradesh. Addressing an election rally at Namsai under Arunachal East parliamentary constituency, the defence minister asked if India renamed a place in China, would it mean that the place comes under India? Such attempts will only harm the relation between the two countries."

Reuters as saying that Russian Foreign Minister Sergei Lavrov's visit to Beijing could be seen as preparation for "upcoming contacts at the highest level." ALSO READ: China Providing Geospatial Intelligence to Russia, US Warns "Indeed, such contacts are planned and there is an understanding of their expediency and necessity, given the high level of friendly relations between the Russian Federation and China," Peskov told reporters. ALSO READ: Yellen Threatens Sanctions for China Banks That Aid Russia War "But we still consider it premature to specify any time frames.

KYIV, Ukraine—Masked Ukrainian security officers have raided properties, seized wads of cash and detained suspects in a recent crackdown on graft in the purchase of goods for the military ranging from eggs to artillery shells. At the same time, a quieter operation is being waged by a new team of professionals including a former energy executive called Maryna Bezrukova. From her office in a gleaming business center in Kyiv, she is on a quest to save money and ensure new arms contracts are untainted.

Russia and China have pledged to deepen their growing alliance and shared opposition to what they describe as the U.S.’s attempts to dominate the world order, with Moscow again seeking to boost trade with Beijing as it looks for new ways to bypass the Western sanctions imposed for its war on Ukraine. Russia’s Foreign Minister Sergei Lavrov met with Chinese leader Xi Jinping in Beijing on Tuesday after the U.S.

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

The drone in the video, which is clearly modeled after Iran’s Ababil model — the workhorse of paramilitaries across the Middle East since it was developed in the 1990s — reflected a design tweak: Its two front tires, instead of the usual one, provided actual battlefield evidence that Sudan is modifying the Iranian drone into its own weapon, which it calls the Zagel-3. That revelation follows the emergence in the last two years of ramped-up Iranian drone production in at least five other countries, from South America to Central Asia. Most recently, Russia has started making Iranian drones for its war in Ukraine, bringing the number of countries using Iranian technology, assistance, or parts to at least a dozen.

Russia to withdraw its military and civilian personnel from the Zaporizhzhia nuclear power plant and return its full control to Ukraine. In a regular US State Department briefing on Monday (local time), spokesperson Matthew Miller said that the US is aware of the reports of a 'drone attack' on the power plant, and is monitoring the conditions there.

Panama Papers" money laundering started Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak.

Russia captured a larger share of India's crude imports in the just-ended fiscal year despite narrowing discounts on its oil and sanctions imposed by G7 nations due its invasion of Ukraine. The share of Russian oil in India's total imports rose to 35% in 2023-24 from 23% in the previous year, according to energy cargo tracker Vortexa. During the year, all other key suppliers, including Iraq, Saudi Arabia, UAE, and the US lost share in the Indian market. Iraq's share fell to 20% (from 21%). Similar drops were noted for Saudi Arabia (15% from 17.5%), UAE (6% from 9%), and the US (3.5% from 5.5%). Russia supplied 1.57 million barrels a day (mb/d) in FY24, up from 1mb/d in the previous year. Iraq's supply of 0.89 mb/d in 2023-24 was lower than 0.95 mb/d in the previous year. Saudi's supply fell to 0.69 mb/d from 0.78 mb/d.

French troops joined their British counterparts in the famous Changing of the Guard ceremony outside Buckingham Palace for the first time Monday, marching together in a display of solidarity between Britain and France amid the war in Ukraine. At a parallel ceremony in Paris, British soldiers donned tall bearskin hats to take part in an unprecedented joint military parade in front of the presidential Elysee Palace, as the French army choir sang the two national anthems, «God Save the King» and «La Marseillaise.» The twin events were to celebrate the 120th anniversary of the Entente Cordiale, the 1904 diplomatic agreement between Britain and France that paved the way for their collaboration in both World War I and World War II.

The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors that he continues to expect the U.S. economy to be resilient and grow this year

Treasury Secretary Janet Yellen says the Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs

MUMBAI : Homegrown private equity firm Everstone Capital has returned almost $1.2 billion through exits in the last five years, a senior official at the firm said in an interview with Mint. The firm has also been backing founders of Indian origin who aim to build global businesses out of the US across healthcare and IT services, which has yielded good returns, said Avnish Mehra, vice chairman – private equity, at Everstone Capital, in an interview. “In the last five years, we have deployed about $600 million and returned to our investors close to $1.2 billion.

foreign portfolio investors (FPIs) would have an impact on the movement of rupee against the US dollar bringing it to the downside on occasion. While the USD-INR pair is expected to remain in a range between 82 and 84 for FY 2025, in the near term 83.50 looks like a strong resistance for the pair while 82.50 acts as a strong support. These aforementioned support and resistance levels will remain sacrosanct for the Reserve Bank of India (RBI) and the Central Bank will likely keep the pair within this range to ensure all-round stability.

JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the US economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as US political polarisation, might be creating an environment that «may very well be creating risks that could eclipse anything since World War II.» The comments came in an annual shareholder letter from Dimon, who often uses the letter to weigh in broad topics like politics, regulation and global events and what it might mean to JPMorgan Chase, as well as the broader economy.

Also Read | Prince Harry, Meghan lose ‘Royal' title, just part of ‘Hollywood clique’ in US According to Tina Brown, the former editor of Vanity Fair, the news of Charles's cancer has put the Duke and Duchess of Cambridge in a “frightening proximity to ascending the throne." The royal expert said, “The prospect of it, I am told, is causing them intense anxiety," as quoted by the Independent. Also Read | Prince William, Kate Middleton to meet Harry and Meghan soon? Here's what we know The 75-year-old King Charles is currently undergoing treatment for cancer, while the 42-year-old Duchess of Cambridge has been attending engagements when her health permits.

Also Read | Russia floods: Record water rise in Ural mountains, evacuation begins The dome above a shutdown reactor at the Russian-controlled Zaporizhzhia nuclear station was struck by Ukraine on April 7, according to the plant's Russian-installed administration. Also Read | China Providing Geospatial Intelligence to Russia, US Warns "It was not immediately clear what weapon was used in the strike on Sunday," reported Al Jazeera.

Zaporizhzhia nuclear station was struck by Ukraine on Sunday, the plant's Russian-installed administration said, according to Al Jazeera. It was not immediately clear what weapon was used in the strike on Sunday. The Russian state-owned nuclear agency Rosatom, however, said that it was a drone attack at the nuclear plant, which was taken over by Russian forces shortly after their full-scale invasion of Ukraine in 2022.

Peter Pellegrini won Slovakia's presidential election Saturday against pro-Western diplomat Ivan Korcok. Opposition-backed Korcok conceded defeat as nearly complete results showed he had received 47 percent of the vote against former prime minister Pellegrini's 53 percent.