Ukraine Financial News

Also Read: Oil prices rise amid attacks on Russian energy facilities, brent crude at $86/bbl On Monday Iraq announced its intention to reduce crude exports in the coming months by over 100,000 barrels per day compared to the previous month, aiming to counter any increase above its OPEC+ quota recorded in January and February. Iraq remains committed to the voluntary cuts established with the OPEC+ coalition, which have been extended into the second quarter. On the other hand, ongoing Ukrainian drone attacks targeting Russian oil refineries are exacerbating concerns about supply stability.

US sanctions crimped trade with Russia and forced processors to look elsewhere for supply. State-owned Bharat Petroleum Corp. and Indian Oil Corp., along with top private refiner Reliance Industries Ltd., have purchased about 7 million barrels of April-loading US crude so far this month, said traders who asked not to be identified.

SINGAPORE (Reuters) -Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of the Fed's decision on U.S. interest rates.

Investing.com-- Oil prices hovered near a 4-½ month high in Asian trade on Tuesday as softer exports from Iraq and Saudi Arabia furthered the notion of tighter markets this year, although sentiment remained on edge before a Federal Reserve meeting. 

By Arathy Somasekhar

Paris Olympics quota winners Akhil Sheoran and Anish Bhanwala as well as Niraj Kumar shone the brightest as Indian rifle and pistol shooters ended their Polish Grand Prix campaign with six medals, including two gold on Monday. Some members of India's 50m rifle and 25m rapid-fire pistol squad are currently on an exposure tour to Europe to compete in various established international Shooting events, in the build-up to Paris 2024. Akhil Sheoran won gold for India in the men's 50m rifle 3 positions (3P) match two, when he shot a scorching 468.4 to leave Patrik Jany of the Czech Republic a distant 2.2 behind in second at the Grand Prix Wroclawia & Dolnego Slaska. Both those scores were however higher than the existing world record of 466.1, held by Jany's countryman Jiri Privratsky, as per a press release from the National Rifle Association of India (NRAI).

S Jaishankar. It is important to note that the India-Ukraine inter-governmental commission—established in April 1994—oversees all aspects of the bilateral relationship including trade, economic, scientific, technological, industrial and cultural cooperation. The Ukrainian foreign minister’s India visit has yet not been officially announced by either of the countries, though he is expected to be in New Delhi around March 28, the report said.

ALSO READ: Wall Street week ahead: All eyes on Federal Reserve’s interest rate decision Tesla jumped 2.8 per cent after the electric carmaker announced that it would raise the price of its Model Y EVs in Europe. Nvidia advanced 3.8 per cent as the chipmaker kicked off its annual developer conference on Monday. Micron Technology and Intel rose 2.3 per cent and 1.1 per cent, respectively.

Europe isn’t where American investors usually turn for growth, but the defense sector is a somewhat depressing exception these days. After years in relative obscurity, stocks such as Germany’s Rheinmetall and Sweden’s Saab rallied when Russia invaded Ukraine in 2022. There was a lull last summer when Ukraine was making good progress on the battlefield, but this winter they have rocketed again.

Vladimir Putin sealed his control over Russia for six more years on Monday with a highly orchestrated landslide in an election that followed the harshest crackdown on the opposition and free speech since Soviet times. While the result was never in doubt, Russians attempted to defy the inevitable outcome, heeding a call to protest Putin's repression at home and his war in Ukraine by showing up at polling stations at noon on Sunday. But from the earliest returns, it was clear Putin would extend his nearly quarter-century rule with a fifth term.

WARSAW (Reuters) — Polish farmers blocked two border crossings with Germany on Monday, local police said, as protests against European Union environmental regulations and cheap imports sweep the bloc.

Vladimir Putin seized Crimea from Ukraine, a bold land grab that set the stage for Russia to invade its neighbor in 2022. The quick and bloodless seizure of the diamond-shaped peninsula, home to Russia's Black Sea fleet and a popular vacation site, touched off a wave of patriotism and sent Putin's popularity soaring. «Crimea is ours!» became a popular slogan in Russia. Now that Putin has been anointed to another six-year term as president, he is determined to extend his gains in Ukraine amid Russia's battlefield successes and waning Western support for Kyiv.

Vladimir Putin warned the West on Monday, suggesting that a direct conflict between Russia and the US-led NATO military alliance would bring the world close to World War Three. As reported by Reuters, Putin emphasized that few desire such a catastrophic outcome.

Read here: Week Ahead: US Fed Policy, FPI inflows, crude oil prices, global cues among key market triggers this week Meanwhile, escalating global geopolitical risks can weigh on market sentiment after Ukraine attacked Russian oil refineries over the weekend, with drone strikes hitting multiple plants, some of them deep within the country’s territory. On Friday, the Indian stock market indices closed with significant losses as investors resorted to profit-taking as sentiment remained cautious amid persistent concerns over stretched valuations and froth in certain segments of the market. The Sensex slipped 453.85 points, or 0.62%, to close at 72,643.43, while the Nifty 50 ended 123.30 points, or 0.56%, lower at 22,023.35.

Russian Presidential Elections 2024: President Vladimir Putin won a record post-Soviet landslide with 87.8% of the vote in Russia's election on Sunday. He made it clear that the result should send a message to the West that its leaders will have to reckon with an emboldened Russia, whether in war or peace, for many more years to come.

KYIV (Reuters) -A man was killed and at least eight people were wounded in a Russian missile attack on the Black Sea port city of Mykolaiv on Sunday, Ukrainian officials said, after an overnight strike on Odesa on the last day of Russia's presidential election.

(Reuters) — Following are reactions from foreign governments and officials to Russia's presidential election, which handed Vladimir Putin a landslide win and another six-year term in office, according to first official results on Sunday.

Vladimir Putin. Putin is poised to extend his nearly quarter century of rule for six more years after a relentless crackdown on dissent.

Ukraine launched a new massive wave of drone attacks Sunday as Russians cast ballots on the final day of a presidential vote set to extend President Vladimir Putin's rule for another six years. The Russian Defence Ministry reported downing 35 Ukrainian drones overnight, including four in the Moscow region. Moscow Mayor Sergei Sobyanin said there were no casualties or damage.

Russian Elections 2024: President Vladimir Putin is all set to win a fifth term in office and tighten his grip on power with no real challengers in the Russian Elections 2024. The voting, which started on Friday witnessed occasional signs of protests as some voters vandalized the ballot box or filled them with ink in their solidarity with Alexei Navalny, the most vociferous critic of Vladimir Putin, who died in an Arctic prison last month. The Russian Elections 2024 are coming just two years after Vladimir Putin started the biggest conflict in Europe since World War II when he invaded Ukraine.

By Lidia Kelly