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Ukrainian servicemen practice combat drills involving a BMP-1 in Donbas, Ukraine as Russia-Ukraine war continues on March 19, 2024. But, with future aid uncertain, analysts question what "victory" Ukraine could realistically achieve against Russia — a country that has put its industries on a war footing and is able to mobilize hundreds of thousands more men to war. While additional aid allows Ukraine to keep on fighting Russian forces in the short stretch, a "victory" in the near-term is an unlikely prospect. What's more, what "victory" looks like for Ukraine, or its allies, could be a source of friction. This is particularly the case in eastern Ukraine, where it has enjoyed support from pro-Russian separatists for over a decade.
Persons: Teneo, Vladimir Putin, Natalia Kolesnikova, Tursa, Frankness, Oleksandr Musiyenko, Putin Organizations: Anadolu, Getty, Russia —, Afp, Centre for Military, Legal, U.S, CNBC Locations: Donbas, Ukraine, Russia, Kyiv, U.S, Central, Eastern Europe, Ukrainian, Crimea, Red, Moscow, Russian, Sevastopol
Russian law enforcement have detained Deputy Defence Minister Timur Ivanov on suspicion of taking bribes, Russia's Investigative Committee said on April 23, 2024. A Russian deputy defense minister in charge of military construction has been detained on Tuesday on suspicion of "large-scale" bribe-taking, in one of the highest-profile corruption cases since Moscow launched its war in Ukraine. A brief statement by the Investigative Committee, Russia's top investigative body, said late on Tuesday that Timur Ivanov had been taken into custody and an investigation into his case was proceeding. Defense Minister Sergei Shoigu had been informed in advance of his detention, he said. Russian news reports also said Ivanov was likely the most senior Russian official to face such charges since Moscow launched its invasion of Ukraine in February 2022.
Persons: Vladimir Putin, Sergei Shoigu, Timur Ivanov, Ivanov, Alexei Navalny, Dmitry Peskov, Organizations: Sputnik, Russian, Defense, Investigative, Russia's, Corruption Foundation, Kremlin Locations: Russian, Kubinka, Moscow, Ukraine, Ukrainian, Mariupol, Russia
European markets are set to open in positive territory Wednesday, building on gains seen since the start of the week. Regional stocks closed higher Tuesday, with the U.K.'s FTSE 100 hitting a fresh intraday record high as investors built on upbeat sentiment this week. Europe's markets have been buoyed by gains in Asia and on Wall Street this week, where investors have been keeping a close eye on tech earnings. Overnight, Japan's Nikkei 225 led gains in Asia as markets in the region rose across the board, while S&P 500 futures edged higher Tuesday night as investors parsed the latest financial releases from corporate America.
Organizations: Nikkei Locations: Asia, America
European markets are heading for a higher open Tuesday, building on positive momentum in the previous session. Regional markets closed higher Monday, buoyed by a rebound in tech stocks on Wall Street, and the U.K.'s FTSE 100 clocked its fourth daily gain Monday and surpassed its previous record close set on Feb. 20, 2023. U.K. stocks were boosted, while sterling tumbled against the U.S. dollar as investors raised bets on a summer interest rate cut from the Bank of England. Investors in the region are looking ahead to bank earnings this week, and will be keeping an eye on a range of tech earnings stateside, with Tesla reporting during U.S. trading hours Tuesday.
Organizations: U.S, Bank of England, Investors
Kyrylo Budanov, chief of the Main Directorate of Intelligence of Ukraine, speaks during the farewell ceremony for Dmytro Kotsiubailo on Independence Square on March 10, 2023, in Kyiv, Ukraine. They conduct a complex operation ... it will be a difficult period. Mid-May, early June," Budanov told the BBC in an interview conducted on April 19, a day before the U.S. House of Representatives approved a $61 billion aid package for Ukraine. Russian Foreign Minister Sergei Lavrov hinted last Friday that Russian forces would try to seize the city of Kharkiv in northeast Ukraine in a future significant Russian offensive operation. Russia wants to establish a demilitarized so-called "sanitary zone" in the border areas of Ukraine to protect Russia's southwestern regions from attack.
Persons: Kyrylo Budanov, Dmytro Kotsiubailo, Budanov, We've, we'll, Sergei Lavrov, Holly Ellyatt Organizations: Directorate of Intelligence, BBC, . House, CNBC, Russian, Kremlin Locations: Ukraine, Kyiv, Russia, BBC Ukrainian, Kharkiv
Ukraine has received a reprieve after the U.S. House of Representatives passed a $61 billion foreign aid package for Kyiv over the weekend. Russia slammed the new funding, saying it fuels global crises. Ukrainian President Volodymyr Zelenskyy thanked U.S. lawmakers saying the bill passed by the House "will keep the war from expanding, save thousands and thousands of lives, and help both of our nations to become stronger." He urged the Senate to pass the bill as quickly as possible. Russia has reacted angrily to the U.S. $61 billion aid package for Ukraine, claiming that it will only lead to more carnage in the conflict.
Persons: it's, Joe Biden, Volodymyr Zelenskyy Organizations: U.S . House, Kyiv, Democratic, U.S, Senate Locations: Ukraine, Russia, Donbas
European markets are heading for a positive start to the new trading week Monday, following more uncertain sentiment last week amid continuing Middle East tensions and a repricing of interest rate expectations. U.S. stock futures pushed higher on Sunday evening as Wall Street looked to find its footing after a steep selloff for tech companies. Meanwhile, Asia-Pacific markets rebounded from Friday's selloff as investors look to fresh data out of China, Japan and South Korea this week. Markets in the region tumbled last Friday after Israel launched a strike on Iran, causing stocks to fall and safe-haven assets to climb.
Persons: Friday's, Israel Locations: East, Asia, Pacific, China, Japan, South Korea, Iran
Ukrainian servicemen monitor the situation along the front via drones in the direction of Kreminna, Ukraine as Russia-Ukraine war continues on 31 March 2024. Defense analysts argue that while the funding could help breathe new life and morale into Ukraine's beleaguered military campaign, aid and supplies must be sent to Ukraine immediately. "It's unlikely this will create immediate parity with the Russian volume of fire, but it will help close the gap," Savill said. They point out that further U.S. aid is not guaranteed, particularly given the uncertain outcome of the presidential election later this year. One top U.S. general told Congress earlier in April that Russia was firing five artillery shells for every one fired by Ukrainian forces, and that this disparity could double in the coming weeks.
Persons: it's, Joe Biden, Volodymyr Zelenskyy, Zelenskyy, DANA, Matthew Savill, Savill, tranche, RUSI's Savill, Chasiv Yar, Roman Pilipey, Donald Trump, Timothy Ash, Ash, Organizations: Anadolu, Getty, Ukraine, Republicans, Democratic, U.S, Senate, Defense, London, Pentagon, Kyiv, Spartan, Afp, Chatham House, RBC BlueBay Asset Management Locations: Kreminna, Ukraine, Russia, U.S, Israel, Taiwan, Ukrainian, Washington, Russian, Czech, Bakhmut, Donetsk Oblast, Roman, British, Chasiv, Donetsk, Eurasia, Western, Luhansk, Ocheretyne, Avdiivka
It's been a difficult week for Ukraine's President Volodymyr Zelenskyy as he continues to plead with the country's allies for more military aid, air defenses and backing to help beat Russia. Kyiv has watched how Israel's Western partners actively intervened last Saturday to help to defend the state from a massive Iranian drone and missile strike, with many of the projectiles intercepted by U.S., British, French and Jordanian forces. Although he has to tread a fine line between maintaining their support and goodwill, and campaigning for deeper assistance, Zelenskyy echoed that sentiment when addressing EU leaders Wednesday night. "We are still convincing that we need to protect Europe from ballistic missiles and 'Shaheds' [Iranian-made drones], from cruise missiles and bombs, as it happened in the skies of Israel and other countries in the region. Our Ukrainian sky and the sky of our neighbors deserve the same security," he said.
Persons: It's, Volodymyr Zelenskyy, Zelenskyy, Israel, — Holly Ellyatt Organizations: Russia, U.S, NBC Locations: Jordanian, Ukraine, U.S, Europe, East, Brussels, Israel
Crude oil futures fell more than 3% Wednesday as the market dismissed the risk of a wider war between Israel and Iran that could disrupt supplies. The West Texas Intermediate contract for May delivery lost $2.76, or 3.23%, to $82.60 a barrel. June Brent futures were down $2.87, or 3.19%, at $87.15 a barrel. U.S. oil and the global benchmark are down more than 3.5% for the week. "Theories of Iran-Israel tension disrupting oil supplies have fizzled out," said Manish Raj, managing director of Velandera Energy Partners.
Persons: Brent, Manish Raj, — Spencer Kimball Organizations: The West Texas Intermediate, Velandera Energy Partners Locations: Israel, Iran, The, U.S
European stocks are expected to open in positive territory Wednesday, despite global markets being rattled by comments from the head of the U.S. Federal Reserve. Fed Chair Jerome Powell said Tuesday that the central bank needs to see more progress on the inflation front before it's likely to begin cutting rates. He said there had been "a lack of further progress so far this year on returning to our 2% inflation goal." Asia-Pacific markets were mixed after Tuesday's broad selloff, while U.S. stock futures hovered near the flatline on Tuesday night after the S&P 500 notched its third straight day of losses.
Persons: Jerome Powell Organizations: U.S . Federal Reserve Locations: Asia, Pacific
Bloomberg | Bloomberg | Getty ImagesRussia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. The prediction will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine. In short, Russia has adapted to a "new normal" as its economy has been put on a war footing. The Washington-based IMF includes the U.S., U.K., the euro area's largest economies, Canada and Japan as advanced economies. "If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down.
Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Elvira Nabiullina, Andrey Rudakov Organizations: Evraz Consolidated, Siberian Metallurgical, Bloomberg, Getty, International Monetary Fund, U.S, Sputnik, Afp, IMF, TU, CNBC, World Governments, Bank of Russia, Duma Locations: Evraz Consolidated West, Novokuznetsk, Russia, Germany, France, Ukraine, India, China, Russian, Urals, Nizhny Tagil, Washington, Canada, Japan, Europe, Asia, Kazan, Dubai, Soviet Union, Russia's
Russian President Vladimir Putin has given his first comments on the Iranian attack on Israel, calling on all sides to exercise restraint in order to avoid a major regional confrontation. The Kremlin said Putin and his Iranian counterpart, Ebrahim Raisi, had spoken on the phone Tuesday, discussing Israel’s airstrike on a Iranian diplomatic mission in Damascus and Iran’s "retaliation measures," referring to Tehran's massive drone and missile strike on Israel last Saturday. As the world awaits Israel's reaction to the attack, the Kremlin said "Putin expressed hope that all sides will exercise sensible restraint and will not allow a new round of confrontation that may be fraught with disastrous consequences for the entire region." The Kremlin said that Putin believed that the "unresolved Palestinian-Israeli conflict was the root cause of the current developments in the Middle East." In other news, Ukraine's President Volodymyr Zelenskyy said Ukraine "ran out of missiles" to stop a Russian strike destroying a Ukrainian thermal power plant near the capital Kyiv last week.
Persons: Vladimir Putin, Putin, Ebrahim Raisi, Volodymyr Zelenskyy Organizations: Kremlin, Israel Locations: Israel, Damascus, Ukraine, Russian, Kyiv
European markets are heading for a lower open Tuesday as investors are closely following developments in the Middle East. Geopolitical tensions are high following Iran's extensive drone and missile attack on Israel Saturday night. Allies have called for cool heads, warning that a much bigger war in the Middle East could be easily triggered. Asia-Pacific markets sold off as the world awaits Israel's response to Iran's air assault over the weekend. Most major markets in Asia lost about 2%.
Organizations: Reuters, U.S Locations: Israel, Asia, Pacific
Russian forces continue to pummel eastern Ukraine in a bid to advance farther into the Donetsk region while Ukraine continues to suffer shortages of manpower and materiel. The commander-in-chief of Ukraine's armed forces, Oleksandr Syrskyi, said Monday that Russian forces were aiming to capture the town of Chasiv Yar in Donetsk by May 9, the date on which Russia commemorates Soviet victory in World War II. Chasiv Yar lies west of Bakhmut, which was captured by Russian forces last May. Capturing Chasiv Yar would give Russia another strategic gain in Donetsk and could allow it to advance on industrial hub Kramatorsk. Syrskyi did not present evidence for his claim.
Persons: Oleksandr Syrskyi, Chasiv Yar, Syrskyi Organizations: Russian Locations: Ukraine, Donetsk, Chasiv Yar, Russia, Soviet, Bakhmut
European markets are heading for a mixed open Monday amid heightened geopolitical tensions following Iran's massive drone and missile attack on Israel Saturday night. Last week, expectations that an Iranian attack could be imminent rose after a suspected Israeli strike that killed top Iranian officials in Syria. Israel has vowed to retaliate but has signaled that it will bide its time. Asia-Pacific markets slipped Monday as traders weighed the impact of the attack, with focus also on key economic data from China and Japan later in the week. U.S. stock futures managed to tick higher Sunday as investors dealt with a multitude of issues, including Iran's attack and a spike in equity market volatility that sent the Dow Jones Industrial average to its worst week of the year last week.
Persons: Israel Organizations: Dow Locations: Israel, Syria, Asia, Pacific, China, Japan
Russia's Foreign Ministry on Sunday expressed "extreme concern over another dangerous escalation" in the Middle East following Iran's missile and drone strike on Israel. "We express our extreme concern at yet another dangerous escalation in the region. We have repeatedly warned that the numerous unresolved crises in the Middle East, primarily in the area of the Palestinian-Israeli conflict, which are often fueled by irresponsible provocative actions, will exacerbate tensions," the foreign ministry said on Telegram. "We call on all parties involved in the conflict to exercise restraint. We believe it is important for the constructively-minded international players to contribute to this effort," it added.
Organizations: Russia's, Ministry, Palestinian Locations: Israel
Ukraine's top military general warned Saturday that the battlefield situation in the east of the country, which continues to be the epicenter of the fiercest fighting in Ukraine, has deteriorated sharply. "The situation on the eastern front has significantly worsened in recent days," Oleksandr Syrskyi, commander-in-chief of Ukraine's armed forces, said on Telegram. Syrskyi said warm, dry weather had facilitated Russian forces' attacks on Ukrainian positions in the Lyman and Bakhmut areas of the Donetsk region in eastern Ukraine, with Russian "assault groups supported by armored vehicles," including dozens of tanks and infantry fighting vehicles. "Despite significant losses, the enemy is increasing efforts by deploying new units with armored vehicles, occasionally achieving tactical success," Syrsyki said. Nonetheless, Russian forces have made some notable advances in Luhansk and Donetsk in recent months, aided by their advantage in terms of manpower and supplies of artillery shells.
Persons: Oleksandr Syrskyi, Syrskyi, Syrsyki Organizations: Russian Federation, NBC News, Lyman Locations: Ukraine, Russian, Donetsk, Luhansk, Russia
Russian drone and missile strikes targeting infrastructure in several regions across Ukraine early Thursday show the need for more air defense systems, Ukraine's President Volodymyr Zelenskyy said. "Russian terrorists once again targeted critical infrastructure objects. Objects in other regions were also targeted: Kyiv, Zaporizhzhya, Odesa, and Lviv," Zelenskyy stated. "Each of our neighbors in Europe, each of our other partners sees how critical Ukraine's need for air defense is," he said, adding, "Air defense and other defense support are needed, not turning a blind eye and long discussions." Ukraine is growing frustrated at procrastination over additional military aid, with $60 billion of U.S. assistance blocked by Republican lawmakers.
Persons: Volodymyr Zelenskyy, Zelenskyy, Holly Ellyatt Organizations: Republican Locations: Ukraine, Kharkiv, Zaporizhzhya, Lviv, Europe, Russia, Russian
European markets are heading for a mixed open on Thursday as global investors digested the latest U.S. inflation data, which came in hotter than expected. European and U.S. stocks traded lower after the U.S. inflation data for March came in at 3.5% year on year, above the 3.4% expected by economists surveyed by Dow Jones and 0.3 percentage points higher than in February. Markets had expected the U.S. Federal Reserve to start cutting interest rates in June, with further cuts expected later this year, but that shifted dramatically following the release, with traders now expecting the first cut in September, according to CME Group calculations. European investors' focus is on the European Central Bank's monetary policy decision Thursday, with the central bank being closely watched for clues that it could start to cut rates in summer.
Persons: Dow Jones Organizations: Markets, U.S . Federal Reserve, Central Locations: U.S
European stocks are heading toward an upbeat open Wednesday as global markets look ahead to the release of U.S. inflation data for March. Economists surveyed by Dow Jones expect inflation to have increased 0.3% in March on a month-over-month basis and 3.4% from 12 months earlier, according to economists surveyed by Dow Jones. The CPI report, scheduled for release at 8:30 a.m. ET, will be closely watched globally as it will influence the U.S. Federal Reserve's rate policy.
Persons: Dow Jones Organizations: CPI Locations: U.S . Federal
An aerial picture taken on April 8, 2024 shows the flooded part of the city of Orsk, Russia's Orenburg region, southeast of the southern tip of the Ural Mountains. On April 7, Russia declared a federal emergency in the Orenburg region, where the Ural river flooded much of the city of Orsk and is now reaching dangerous levels in the main city of Orenburg. Much of the city of Orsk has been flooded after torrential rain burst a nearby dam. Citing the local branch of Russia's Ministry of Emergency Situations, TASS news agency reported that at least 4,000 homes could also be affected. "Preventive measures are already being taken there, rescue teams have been strengthened, and the forces and means of the Russian Ministry of Emergency Situations have been put on high alert," the ministry said.
Persons: Anatoliy Zhdanov, ANATOLIY ZHDANOV, Vladimir Putin, Alexander Kurenkov, Putin, Organizations: Getty, Russia's Ministry, TASS, Russian Ministry Locations: Orsk, Russia's Orenburg, Russia, Siberia, Orenburg, Kurgan, Ural, Kazakhstan, Tyumen, Urals, Moscow
European markets are heading for a negative start Tuesday as investors look ahead to more key economic data this week, including U.S. inflation figures out Wednesday. Markets continue to see a roughly 50% chance of a cut in March, according to CME's FedWatch tool, although Minneapolis Fed President Neel Kashkari last week raised the possibility of zero rate cuts this year if inflation remains sticky. U.S. stock futures were little changed overnight, while Asia-Pacific markets were mixed overnight as investors awaited consumer confidence data from Japan.
Persons: Neel Kashkari Organizations: Minneapolis Locations: Asia, Pacific, Japan
Ukrainian soldiers of a mortar team in 24th brigade are seen at positions near Toretsk, Ukraine on March 26, 2024. Anadolu | Anadolu | Getty ImagesBefore the two-year anniversary of Russia's war against Ukraine, defense experts widely predicted that the conflict would settle into a stalemate in 2024, leading neither side to make or lose a significant amount of territory. Russia's recent momentum — and ongoing worries over Ukraine's weaponry and ammunition shortages, as well as stalled U.S. military aid — are now prompting concerns that a stalemate might even be the "best-case scenario" that Kyiv can hope for this year. At worst, Ukraine could see Russian forces breaking through Ukraine's defensive positions along parts of the front line, one defense expert noted. Ukrainian servicemen of 24th brigade operate an 82mm mortar near the frontline in Toretsk as the war between Russia and Ukraine continues in Toretsk, Ukraine on March 27, 2024.
Persons: Ben Barry, Volodymyr Zelenskyy, Barry, Vladimir Putin, confidants, Evgenia Novozhenina, Ian Bremmer, Ukraine's, Metin Organizations: Anadolu, Getty, Land Warfare, Kremlin, Reuters Supply, Ukraine, Eurasia Group Locations: Toretsk, Ukraine, Moscow, Avdiivka, Russia, Russia’s, Donetsk, Luhansk, Russian, Iran, North Korea, Germany, U.S, Europe, Ukrainian, Izium, Kharkiv
Ukraine's intelligence chief claimed on Wednesday that Russia was aware that a terrorist attack was being planned since at least Feb.15. The Islamic State militant group claimed it was behind the Moscow attack, but Russia has blamed Ukraine and its allies, saying they orchestrated the attack. Budanov claimed Russia knew where the combat groups would come from, and which countries the attackers would travel through to reach Russia. Similarly, Russia has not produced evidence to back up its claims that Ukraine and the West were behind the terrorist attack. Read more here: Russia knew of terrorist attack plot weeks ago, Ukraine's military spy chief says— Holly Ellyatt
Persons: Kyrylo Budanov, Dmytro Kotsiubailo, Budanov, Ukrinform, Read, — Holly Ellyatt Organizations: Directorate of Intelligence, Crocus City Hall, Russian Federation, Islamic State, White, Russia Locations: Ukraine, Kyiv, Russia, Crocus, Moscow, Syria
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