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Russia Defense Ministry Say 63 Dead in Ukraine New Year’s Day Attack

RUSSIA
  • The Russian Defense Ministry said that 63 service members died on New Year’s Day in an attack on a building in the Donetsk Province that officials on both sides said was carried out using a US HIMARS system. Ukraine’s military estimated that hundreds had been killed in the attack.
  • The Ministry of Finance has decided on the new structure of the National Welfare Fund (NWF). Euro, yen and sterling are excluded from the composition of the NWF currencies, a source close to the government told Vedomosti. According to them, up to 80% of the fund is allowed to be invested in yuan, and up to 40% in gold.
  • Yesterday, India’s External Affairs Minister Jaishankar said developing economies are increasingly suffering from higher food, fuel and fertilizer prices as a result of the Russia-Ukraine conflict. “Differences must be settled on the negotiating table. Prolonged conflict will not serve the interests of any party”, he said.
  • There are no major economic releases scheduled for the remainder of the week.
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