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Drone strikes Moscow’s financial hub – mayor

A drone has flown into Moscow City, the Russian capital’s financial and business hub, crashing into a building that is under construction, Mayor Sergey Sobyanin said in the early hours of Wednesday. He added that no one was hurt. The Russian Defense Ministry later released a statement, saying that a …

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Ukrainian drone hits Moscow’s financial hub – mayor

Ukrainian drones have once again targeted the Russian capital’s financial and business district, following a similar attack over the weekend, Mayor Sergey Sobyanin confirmed early on Tuesday. One drone has managed to penetrate air defenses and hit one of the high-rises in Moscow City, where some of Europe’s tallest skyscrapers are …

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Kherson authorities estimate financial cost of dam destruction

Authorities in the Russian-controlled part of Kherson region have rolled out their initial estimate of the damage caused by the destruction on Tuesday of the Kakhovka dam. The incident, which Kiev and Moscow are blaming on each other, caused severe flooding along the course of the Dnieper river. In a …

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West fueling Ukrainian financial woes – Moscow

Western financial measures are leading Kiev into a sovereign debt crisis, with the burden expected to exceed Ukraine’s GDP by the end of the year, the Russian ambassador to the UN has warned. “We will hear a lot today about the solidarity of the Western community with Ukraine, the readiness …

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EU may cut financial aid to Ukraine – Bloomberg

The funds promised to Ukraine by the EU have been delayed due to concerns over the bloc’s own economic troubles and infighting in Brussels, Bloomberg reported on Friday, citing people familiar with the discussions. Back in March, the European Commission proposed a €9 billion ($9 billion) loan to Ukraine that …

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Russian financial messenger ready for BRICS – Putin

Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can freely connect to the System for Transfer of Financial Messages (SPFS), Russia’s alternative to SWIFT. While addressing a BRICS business forum, Putin said that together with its BRICS partners – Brazil, India, China and South Africa – …

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Ukraine calculates financial aid from West

Ukraine has received $6.5 billion in aid from Western countries since the start of Russia’s military operation in late February, said Kateryna Rozhkova, the first deputy head of the National Bank of Ukraine. “Since the beginning of the war, Ukraine has received almost $6.5 billion from partner countries to support …

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Surge in Americans reporting financial worries – poll

Americans are markedly more concerned about their personal finances compared to last year, with a significant portion reporting they’re now “very” or “moderately worried” about making ends meet, a Gallup poll released on Monday has revealed.  More than half (52%) of poll respondents expressed worries about maintaining their standard of living, …

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