Tag Archives: Ukraine-Russia conflict

Ukraine’s central bank has devalued the country’s hryvnia currency by 25% against the US dollar to help the country deal with the growing economic impact of the war with Russia. The Central Bank of Ukraine said in a statement that it set the new hryvnia rate at 36.5686 to the …

Ukraine’s Agriculture Ministry said Monday (July 11) that grain exports in the first seven days of July, the first month of the new 2022-2023 season, fell 30% year on year to 402 thousand tons. Grain exports for the 2021-2022 season, ending June 30, rose 8.5% to 48.5 million tons, driven …

Ukraine’s agriculture ministry said on Tuesday that exports of cereals, oilseeds and vegetable oils rose 80 percent in May year-on-year to 1.743 million tonnes, but the quantities were still much lower than exports in the same month of 2021. The ministry added that corn dominated exports with 959,000 tons, while …

Ukraine’s wheat harvest in 2022 is likely to fall to 19.2 million tons from 33 million tons in 2021, but lower exports will push stocks to record highs, the Ukrainian Grain Traders Union (UGA) said on Wednesday. Ukrainian officials and analysts said that hostilities in many areas may make harvesting …

Deputy Chairman of the Russian Security Council Dmitry Medvedev stressed today that it is difficult for Russia to live under the conditions created by foreign sanctions against Moscow, noting that Europe is also suffering from the consequences of these decisions. Medvedev said – during his statements at a conference of …

The Russian Central Bank cut the interest rate to 11% from 14% Thursday, May 26, with inflation falling from its highest levels in 20 years and the Russian economy approaching deflation. The Russian Central Bank said it saw room for further reduction this year, noting that risks to financial stability …

Russian Deputy Foreign Minister Andrei Rudenko said on Wednesday that Russia is ready to provide a humanitarian corridor for ships carrying foodstuffs to leave Ukraine, in exchange for the lifting of some sanctions, Interfax news agency quoted Russian Deputy Foreign Minister Andrei Rudenko as saying Wednesday. Ukraine’s Black Sea ports …

The Russian currency, the ruble, continued its rise against the American and European currencies, as it rose today, Monday, by about 3%, and the dollar was trading below the level of 59 rubles and the euro below the level of 62 rubles. The Moscow Stock Exchange said – in a …

The USD/CHF pair has rallied for the third consecutive day and reached a 21-month high at 0.9626. However, as the Asian Pacific session begins, on Tuesday, the USD/CHF print modest losses of 0.06%, down from YTD highs, and is trading in the high 0.9610s.The market mood soared on the back …

The Russian ruble rose for the ninth straight session in Moscow, closing near 83 to the dollar on Thursday, and stocks jumped as some limits on short-selling were lifted, with the market focusing on the effects of Moscow’s demand to pay for its gas exports in rubles. The ruble rose …