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The main events by the morning: July 18


July, 18 2024
watermark Economic news

  • LUKOIL's oil supplies to Hungary have been suspended due to tougher sanctions from Ukraine. However, countries are looking for a solution to the problem. According to Bloomberg, Hungarian energy company Mol Nyrt and LUKOIL are trying to find a way to circumvent Ukraine's restrictions, which last month effectively completely banned oil supplies to Hungary.


  • The Investigative Committee has opened a case against investors who earned more than 150 million rubles on fictitious transactions in order to buy back American shares at a discount. According to RBC, a group of investors manipulated the prices of foreign shares by deceiving a trading robot owned by the financial company W-Imperial Holding Corp. The company acted as a market maker under an agreement with broker Freedom Finance.


  • The head of the Israeli Defense Ministry announced the IDF's readiness to launch an offensive in Lebanon. According to the minister, Israel is approaching «a decision-making crossroads,» but everything depends on the actions of the Lebanese Hezbollah movement. «We are fighting a limited war in the northern region. We use a small part of the IDF forces, but everything can change in a second,» said Yoav Galant.


  • If Trump wins, the United States will not fight unnecessarily. This promise was made by Trump's vice presidential candidate, J.D. Vance. He also noted that a Trump presidency would mean the end of «freebies» for those allies who do not invest in common security and «betrayed the generosity of American taxpayers.»


  • According to the results of the first five months of 2024, Russia set a record for exports of aluminum wire to China. According to customs data, exports amounted to $4.5 million during this period.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.