Ukraine Financial News

NEW DELHI : Ongoing tensions in the Taiwan strait can impact Indian exports passing through the region, the domestic semiconductor industry relying on supplies from the area, and the critical undersea cable network anchored there, said Vijay Gokhale, former diplomat and foreign secretary, on Saturday. Speaking at the Mint India Investment Summit 2024, Gokhale emphasized the importance of India using its considerable diplomatic influence to inform the global community about the potential consequences of a US-China conflict and to play a role in averting such a scenario. "India carries substantial diplomatic weight around the world," he remarked.

Sukhoi Su-27 fighter jet was mistakenly downed by Russian forces over Crimea, as reported by Ukraine. The mishap occurred over the annexed peninsula, with Ukraine's Navy spokesman, Dmytro Pletenchuk, emphasizing the role of «the human factor» where an operator, driven by the prospect of receiving a medal, failed to verify the aircraft's allegiance. The incident was initially reported by Mikhail Razvozhayev, the Moscow-appointed leader in Sevastopol, who mentioned that a Russian warplane «crashed» off the Crimean coast. He confirmed that the pilot had safely ejected and was subsequently rescued. Footage shared on Russian Telegram channels depicted the aircraft ablaze during its descent, along with the pilot's parachute, according to a Newsweek report. The Crimean Wind Telegram channel suggested that the aircraft was accidentally shot down after departing from the Belbek military airfield. Pletenchuk's confirmation on television reinforced the narrative that the aircraft was indeed Russian and was destroyed by friendly fire due to an overzealous operator's mistake.

The executive board of the International Monetary Fund has confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion

Washington Post as reported by Reuters. "It means we will go back, retreat, step by step, in small steps," he added. "We are trying to find some way not to retreat." Shortages of munitions, Zelenskyy said, meant "you have to do with less.

Russia said on Friday that major powers needed a new approach to North Korea, accusing the United States and its allies of ratchetting up military tensions in Asia and seeking to «strangle» the reclusive state. Russia vetoed the annual renewal of a panel of experts monitoring enforcement of longstanding United Nations sanctions against North Korea over its nuclear weapons and ballistic missile programmes. Moscow's move, which strikes a blow at the enforcement of a myriad of UN sanctions imposed after Pyongyang carried out its first nuclear test in 2006, underscores the dividend that Kim Jong Un has earned by moving closer to President Vladimir Putin amid the war in Ukraine.

India and Ukraine «traditional friends', Ukrainian Foreign Minister Dmytro Kuleba said that Kyiv is looking forward to restoring relations with New Delhi that existed before the conflict, adding that there is much more both the nations can do in the interest of global development and security architecture. He stated that Ukraine will be looking forward to discussing new areas of cooperation with India. At the meeting with External Affairs Minister S Jaishankar, Kuleba stated that Ukraine will be looking forward to discussing new areas of cooperation with India.

Russia is outgunning Ukrainian forces sixfold on the front lines, causing losses of troops and positions, Ukraine's recently appointed commander-in-chief Oleksandr Syrsky said in a rare interview published on Friday. «A few days ago, the enemy's advantage in terms of ammunition fired was about six to one,» Syrsky told the Ukrinform news agency. «The defence forces are now performing tasks along the entire vast front line, with little or no weapons and ammunition,» he warned, saying the situation was «tense» in some areas.

students who were evacuated by the Union government from Ukraine during the country's war with Russia gave money for Minister of State for External Affairs V Muraleedharan's security deposit for his candidature in Attingal Lok Sabha constituency. The students, along with their parents, visited Muraleedharan on Friday at the BJP's state office here. The students said that they have decided to pay for Muraleedharan's security deposit as a token of gratitude for their evacuation. «I was a student at Zaporizhzhia University in Ukraine. We were there when the Russia-Ukraine war was going on. At that time, we were evacuated due to the efforts of Prime Minister Modi ji and Minister V Muraleedharan,» Sai Sruthi told ANI.

₹59,400 per 10 grams at the beginning of the year to around ₹67,000 per 10 grams at the end. The fiscal year saw a slew of global conflicts including the Israel - Hamas war and the ongoing Russia - Ukraine war. Also Read: What's next for gold? Look to China for clues FY24 also witnessed global central banks shoring up their gold reserves with physical demand also remaining elevated.

Crypto, the buzzword in the world of finance. There are currently around 31 million users of these digital assets in Europe, according to estimations from cryptocurrency payment gateway TripleA.

Russian missile and drone attacks hit thermal and hydro power plants in central and western Ukraine, power grid operator Ukrenergo said on Friday, the latest assault on the already damaged power infrastructure. «During the night, the Russians struck again at energy facilities in a massive and combined attack,» Ukrenergo said on the Telegram messaging app.

South Korea slammed Russia's «irresponsible» veto blocking the renewal of a panel of UN experts monitoring international sanctions on North Korea, with the vote following accusations Pyongyang is aiding Moscow in its war in Ukraine. South Korea «clearly points out that the Russian Federation, despite its status as a permanent member of the UN Security Council, has made an irresponsible decision», Seoul's foreign ministry said in a statement.

diesel exports fell 25% year-on-year in the first 11 months of this financial year to $20 billion as prices in the international markets softened. The export volume increased marginally to 26 million metric tonnes (mmt) from 25.8 mmt during the April 2023-February 2024 period, according to the petroleum and natural gas ministry data. Petrol exports fetched $10 billion during this period, about 13% less than a year earlier. In volume terms, however, petrol exports increased 4% to 12.1 mmt.

Ukrainian and Polish leaders say they have made progress on regulating Ukraine food imports that have led to farmer protests in Europe

Hamas militants launched an attack in southern Israel, killing and abducting scores of its citizens. It has since then escalated into a full-fledged war in Gaza. Israel said it would continue the offensive until all hostages are released and Hamas is destroyed.

There were no aides and no note-takers in the Oval Office—just President Biden and his German guest. Chancellor Olaf Scholz came on such short notice that the only plane he could book, a small Airbus 321, had to refuel in Iceland. Russia’s war in Ukraine and the fighting in Gaza dominated the 90-minute meeting.

The U.S. has slapped Russia with more sanctions – this time targeting a number of crypto-related entities and individuals due to potential evasions aimed at funding the Putin-led country’s invasion of Ukraine – according to a Monday press release from the Office of Foreign Asset Control (OFAC).

Indian lenders and Russia's Gazprombank have held exploratory talks over setting up correspondent banking services to facilitate cross-border payments and support international trade, according to a senior bank executive.Gazprombank representatives met some Indian bankers last month to discuss the proposal, the executive told ET. Correspondent banking involves contractual relationships between banks to provide reciprocal payment services. The establishment of such a facility with Indian lenders would help traders skirt some of the payment-related problems that have arisen after the US and its allies imposed sanctions on Russia for its invasion of Ukraine. «These are early-stage discussions, and both countries are looking at exploring measures to further strengthen banking ties,» the executive said.

₹6,811 per barrel on the multi commodity exchange (MCX). Brent rose 1.5 per cent on Monday and WTI gained 1.6 per cent after Russia ordered companies to cut output in the second quarter to meet a nine million barrels per day target to comply with the supply cut decisions taken by the Organisation of Petroleum Exporting Countries (OPEC). -Russia, among the top three global oil producers and one of the largest exporters of oil products, is also contending with a series of recent attacks on its oil refineries by Ukraine and has mounted its own attacks on Ukrainian energy infrastructure.

Also Read: Oil market oversupplied with record-high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran Tighter Markets: Physical markets tightened following a seasonal pattern in February. However, the more significant driver for the uptick in prices was the decision by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) to extend production cuts from March 2024 to June 2024.

Ukraine has sunk or disabled a third of all Russian warships in the Black Sea in just over two years of war, the navy spokesman said Tuesday, a heavy blow to Moscow's military capability. Ukraine's Navy spokesman Dmytro Pletenchuk told The Associated Press that the latest strike on Saturday night hit the Russian amphibious landing ship Kostiantyn Olshansky that was resting in dock in Sevastopol in Russia-occupied Crimea. The ship was part of the Ukrainian navy before Russia captured it while annexing the Black Sea peninsula in 2014. Pletenchuk has previously announced that two other landing ships of the same type, Azov and Yamal, also were damaged in Saturday's strike along with the Ivan Khurs intelligence ship.