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Wednesday, February 1, 2023

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World
- Ukraine wins 2022 Eurovision song contest
  
  Europe (The Times Groupe)- Ukraine won the 66th Eurovision song contest on Saturday evening in Turin, Italy. The United Kingdom, Spain, and Sweden made strong showings in early voting, but Stefania by Kalush Orchestra finished first.
  Russian operator suspends electricity supply to Finland
  
  Helsinki (The Times Groupe)- Inter RAO, Russia's largest electricity company, has reportedly stopped supplying electricity to Finland on Saturday.
  Russia to suspend electricity supply to Finland
  
  Moscow (The Times Groupe)- The Russian energy supplier RAO Nordic announces is will suspend deliveries of electricity to Finland from Saturday due to an issue with payments.
  US puts $5 million bounty on Russian hackers responsible for Costa Rica attack
  
  Washington (The Times Groupe)- The United States offered up to $10 million on Friday for information about the Russian hacker group Conti that is suspected of attacking Costa Rica last month.
  Azerbaijan rebuffs Russian claims of biolabs funded from abroad
  
  Baku (The Times Groupe)- Azerbaijan on Saturday dismissed Russian claims of foreign-funded biological research laboratories.
Russia Ukraine War
- Russia earns $98B from fuel exports in first 100 days of Ukraine war
  
  Moscow (The Times Groupe)- Russia has earned billions from energy exports as Russian fossil fuel exports totaled $98 billion during the first 100 days of invasion in Ukraine, most of it going to the European Union.
  Russia destroys bridge over Ukrainian river, cutting escape route
  
  Tehran (The Times Groupe)- Russian troops have destroyed a bridge connecting the embattled Ukrainian city of Sievierodonetsk with another city across the river, cutting off a possible evacuation route for civilians, local officials said on Sunday.
  Russia announces deputy foreign minister met U.S. ambassador
  
  Moscow (The Times Groupe)- The Russian foreign ministry said on Friday that Deputy Foreign Minister Sergei Ryabkov met with U.S. ambassador John Sullivan.
  NATO conducting air defense exercises in Poland, Baltic region
  
  Brussels (The Times Groupe)- The North Atlantic Treaty Organization (NATO) is conducting exercises in Poland and the Baltic states to improve its air defense capabilities.
  Russia’s Lavrov forced to cancel Serbia visit due to flight ban
  
  Belgrade (The Times Groupe)- The Russian foreign minister has been forced to cancel a two-day visit to Serbia after Montenegro, North Macedonia, and Bulgaria closed their airspace to his plane, reports said Sunday.
Politics
- EU Commission chief visits Kyiv to discuss Ukraine’s candidacy bid
  
  Kyiv (The Times Groupe)- Ukrainian President Volodymyr Zelenskyy and Prime Minister Denys Shmyhal met with European Commission head Ursula von der Leyen on Saturday at Kyiv, as heavy fighting continues in eastern Ukraine.
  Putin warns against supply of long-range rockets to Ukraine
  
  Moscow (The Times Groupe)- Russian President Vladimir Putin warned on Sunday that Moscow would order strikes on new targets if the US supplied long-range rocket systems to Ukraine.
  Putin Treated for Cancer in April, U.S. Intelligence: Newsweek
  
  Washington (The Times Groupe)- After the end of May, the intelligence community produced its fourth comprehensive assessment of Vladimir Putin's health. According to three U.S. intelligence leaders who have read the classified reports, Putin seems to have reemerged after receiving treatment for advanced cancer in April.
  Macron proposed UN vote to Putin to lift Odesa port blockade
  
  Paris (The Times Groupe)- French President Emmanuel Macron on Tuesday urged his Russian counterpart Vladimir Putin to take the issue of lifting the blockade of the port of Odesa to the UN, in order to allow Ukrainian cereals stuck there to be exported.
  German, French leaders urge swift cease-fire, troop withdrawal in call with Putin
  
  Berlin (The Times Groupe)- The German and French leaders called on the Russian president on Saturday to agree to "an immediate cease-fire and a withdrawal of Russian troops" from Ukraine.
Economy
- Russian central bank cuts key rate to 9.5%, borrowing costs back to pre-war level
  
  Moscow (The Times Groupe)- The Russian central bank cut its key interest rate by 150 basis points to 9.5% in June, bringing borrowing costs back to levels before the war in Ukraine.
  Oil up over rising demand in China versus tight supply fears
  
  World (The Times Groupe)- Oil prices rose on Tuesday due to tight supply concerns as Chinese demand is likely to rebound from COVID19 restrictions, while OPEC+ output levels are believed to fall short of demand.
  Russia vows to stop natural gas shipments to Danish Orsted, Shell Energy Europe
  
  Moscow (The Times Groupe)- Russia's Gazprom has threatened to cut off its natural gas flow to Denmark's Orsted and Shell Energy Europe starting Wednesday over their refusal to pay in rubles in the wake of the Ukraine war.
  Germany to restart Ukrainian grain exports to Africa
  
  Dakar (The Times Groupe)- German Chancellor Olaf Scholz said on Sunday that Berlin will actively work to prevent the halting of grain exports from Ukraine to Africa due to Russia's invasion.
  Russia’s ruble hits strongest level since April 2018
  
  Moscow (The Times Groupe)- The Russian Ruble hit its strongest level against the dollar in four years on Monday as Moscow backed the currency.
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Tag: currency of Russia

Russian ruble’s return to pre-war levels no sign of economy back on track

Moscow (The Times Groupe)- As a result of capital controls and higher interest rates, Russia has bailed out the ruble making it the world's best-performing currency year to date. However, it is still too early to tell whether the economy has recovered.

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HomeTagsCurrency of Russia

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Tag: currency of Russia

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