Russia Ukraine Financial News

The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency.

Ukrainian President Volodymyr Zelenskyy entered the chamber of the House of Commons to give his historic address to Canadians.Zelenskyy appeared to wipe a tear away as he was met with a minute-long standing ovation before Trudeau gave his welcome speech emphasizing the “pivotal” moment facing the world, and pledging $650 million in new funding to support Ukraine over three years.In his speech, Zelenskyy focused on the necessity to “never submit to evil” and began by talking about the construction of the world’s first Holodmor monument in Edmonton in 1983.“At that time, Ukraine didn’t yet have memorials commemorating the victims of genocide of Ukrainians because Ukraine was under Moscow’s control,” Zelenskyy said.Zelenskyy said that in the past 40 years, a lot has changed. Ukraine gained independence and dozens of countries recognized the systemic starvation of Ukrainians by Russia as a genocide.“It is genocide, what Russian occupiers are doing to Ukraine,” Zelenskyy said.“It is not just about an ordinary conflict.

Russia’s Black Sea navy in the Crimean port of Sevastopol on Friday, and a major cyberattack interrupted internet services on the peninsula, Russian-installed officials said.Russia’s defence ministry said one serviceman was missing after the attack, revising its earlier statement that the serviceman had been killed.

Russia’s central bank made a big interest rate hike of 3.5 percentage points on Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine.

Ukrainian troops are advancing in all directions of their counteroffensive against occupying Russian forces, a senior defence official said on Friday.

The global cryptocurrency market-capitalisation jumped 3.85 percent over the last 24 hours to $1.83 trillion, while trading volumes rose 42.02 percent to $105.42 billion during this period.

The global cryptocurrency market capitalisation rose 10.92 percent over the last 24 hours to $1.90 trillion, while trading volumes jumped 33.62 percent to $108.99 billion during the same period.

Since then, the global market for cryptocurrencies and other digital assets has ballooned. That is bad news for enforcers of sanctions and good news for Russia. On Tuesday, the Biden administration enacted fresh sanctions on Russia over the conflict in Ukraine, aiming to thwart its access to foreign capital. But Russian entities are preparing to blunt some of the worst effects by making deals with anyone around the world willing to work with them, experts said. And, they say, those entities can then use digital currencies to bypass the control points that governments rely on — mainly transfers of money by banks — to block deal execution.

The legal status of cryptocurrencies in Russia is in flux.

About 100 miles from the Ukrainian border, in the regions of Kursk and Voronezh, more than 1,00,000 Russian troops have already amassed ahead of an impending global fear that Russia might invade Ukraine.