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In this pool photograph distributed by the Russian state agency Sputnik, North Korea's leader Kim Jong Un (R) and Russian President Vladimir Putin meet in Pyongyang, early on June 19, 2024. What can North Korea get from Putin? In return, Russia is likely providing North Korea with food, fuel and military technology for its satellites and submarines, analysts say. Russian President Vladimir Putin is arriving to North Korea with a two-day visit. As such, North Korea offers Russia another source of military hardware.
Persons: Kim Jong Un, Vladimir Putin, Anthony Wallace, Vladimir Putin's, Kim Jong, Putin, KCNA, Kim, Putin's, , Gavriil Grigorov, Rodger Baker, James Brady, Victor Cha, Pyongyang's, Putinon, Brady, Cha, Putin hasn't Organizations: Pyongyang Sunan International Airport, Afp, Getty, North, Sputnik, Applied, CNBC, North Koreans, Putin, . Workers, Center for Strategic, International Studies Locations: Pyongyang, Seoul, Korean, North Korea, Russia, North, Koreans, Russian, Ukrainian, Moscow, Ukraine, Korea, China, USSR
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today’s big story, we’re looking at why the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.
Persons: , florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, New York, London
The Kremlin will likely wait until after the next election to announce any mobilizations, the UK MOD said. AdvertisementAdvertisementRussia doesn't want to announce an "unpopular" big mobilization of troops until after its next presidential election, according to UK intelligence. "It is therefore highly unlikely that any further mobilisation wave will be implemented before the March 2024 presidential election," it said. Putin has not yet announced that he will seek a new term in office, but the UK MOD said he "will almost certainly run again." The UK MOD said that, despite this, the election process remains "a core tool of political legitimisation" for the Kremlin.
Persons: Putin hasn't, , Russia's, Vladimir Putin, Putin, Russia aren't Organizations: MOD, Service, UK Ministry of Defence Locations: Russia, Ukraine
A spokesperson for Putin said the Russian president hasn't decided if he will run again in 2024. But Putin's feigned indecision is his standard schtick, a Russia expert told Insider. Putin's spokesman said there are no candidates who would pose a real threat to Putin's power. A spokesperson for Putin told Russian state media this week that the president has not decided whether he will run again in next year's election. In reality, there's little question that Putin will run in — and win — his fifth presidential election since 2000 come spring.
Persons: Putin, hasn't, Putin's, Vladimir Putin, coy, Dmitry Peskov, Simon Miles, Miles, Boris Yeltsin's, Peskov, Alexei Navalny —, Boris Nemtsov, Yevgeny Prigozhin, Organizations: Service, RBC, Reuters, Duke University's Sanford School of Public, Soviet Union, Russian, Kremlin Locations: Russian, Russia, Wall, Silicon, , Soviet, Ukraine
An investigative journalist predicted that the Wagner Group boss would either be killed or lead another coup. After an aborted mutiny, Yevgeny Prigozhin and many Wagner troops agreed to move to Belarus. A think tank said that Wagner troops were planning to return to Russia, suggesting the deal was collapsing. In six months, Prigozhin will either be dead, or there will be a second coup. The think tank said that Putin has "failed to decisively resolve" issues brought up by Prigozhin and Wagner following the rebellion.
Persons: Wagner, Yevgeny Prigozhin, Christo Grozev, Yevgeny Prigozhin's, Prigozhin, Vladimir, Putin, Grozev, Alexander Lukashenko, ISW, Lukashenko Organizations: Wagner Group, Service, Financial Times, Bellingcat, for Locations: Belarus, Russia, Wall, Silicon, Moscow, Ukraine, Belarusian
The near-mutiny in Russia this weekend had some unexpected consequences for currencies — more on that below. And yet — the Russian ruble still plunged 3% to a 15-month low on Monday, trading at one point near 87 per dollar. The Kremlin said there was a huge uptick in foreign currency demand across 15 regions in Russia, per Reuters. During the mutiny, Russian banks had cut their ruble exchange rates to over 100 per dollar, though they've since eased prices. What's your outlook for the Russian ruble by year-end?
Persons: Phil Rosen, You'll, Vladimir Putin, GAVRIIL, Yevgeny Prigozhin's, Wagner, Prigozhin, Andrei Belousov, Putin hasn't, Spencer Platt, Morgan Stanley, Billionaire Ron Baron, Warren, there's, Goldman Sachs, Elon, Max Adams, Hallam Bullock Organizations: SPUTNIK, Getty, Reuters, Wall Street Journal, Manchester United, Walgreens, Alliance Inc, Billionaire, Dow, Harvard, Bank of America, Elon Musk's Locations: New York, Russia, Moscow, Ukraine, , Voronezh, Rostov, Lipetsk, London
Speculation is circulating about why Putin isn't punishing Wagner chief Yevgeny Prigozhin. Prigozhin is increasingly brazen in his criticism of Russian military leaders. Putin needs the support of nationalist hardliners like Prigozhin. The Wagner chief's attacks have prompted speculation he may even be planning a coup against Putin. In comments to The Washington Post, Abbas Gallyamov, a political analyst and former Kremlin speechwriter, said that Putin couldn't afford to alienate hardline nationalists such as Prigozhin.
Persons: Putin, Wagner, Yevgeny Prigozhin, Prigozhin, , Vladimir Putin, who've, Abbas Gallyamov, Gallyamov, Putin hasn't Organizations: Service, Wagner Group, Kremlin, Washington Post, Reuters, Ukraine, Russian Interior Ministry Locations: Russian, Ukraine, Russia
Russian President Vladimir Putin might be losing on the battlefield, at least for the moment, but it’s a mistake to count out the master of the Kremlin. It’s not even enough to diminish the Russian leader’s influence in Europe. It’s not even enough to diminish the Russian leader’s influence in Europe, with Sweden and Italy on the precipice of forming new governments that could tilt toward him as well. From left; Russian President Vladimir Putin, Iranian President Ebrahim Raisi and Turkish President in Tehran on July 19, 2022. Will they want their political futures hitched to Putin as the Ukraine war drags further on his image and capabilities?
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