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☆ Russia's pulling its aircraft away from the front lines as Ukraine hits air bases with deep strikes, Western intel says
▼ + stars: | 2024-05-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukrainian forces used drones to attack an airfield deep inside Russia last month. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRussia has pulled dozens of aircraft away from the front lines in response to a massive Ukrainian drone attack on a military base deep behind enemy lines, according to new Western intelligence. The late-April attack was not the first time Ukrainian deep strikes have forced Russia to relocate its vulnerable assets. Even before the Kushchyovskaya strike, Ukraine has tried going after Russia's airbases in an apparent bid to stomp out the glide-bomb threat.

Persons: —, Sukhoi Su, Maxim, Russia's Su, ALEXANDER NEMENOV Organizations: Service, Sukhoi, International Army, REUTERS, Ukraine, Victory Day, Getty, Kyiv Locations: Russia, Ukraine, Ryazan, Ukrainian, Crimean, Russian, Moscow, AFP

☆ Massive drone strike suggests Ukraine is going after Russia's devastating glide bombs
▼ + stars: | 2024-04-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

AdvertisementUkraine's massive weekend drone attack on a Russian airbase deep behind enemy lines suggests Kyiv may be trying to curb the threat of Moscow's devastating glide bombs, according to new Western intelligence. Destroyed Russian glide bomb kits are visible in footage from the ground following the strike. Russia's defense ministry said in March that it began increasing production of several types of munitions — including 6,600-pound ones — that could be modified and turned into glide bombs. Saturday's strike on the Kushchyovskaya airbase isn't the first time Ukraine has gone after Russian airbases hosting fighter-bombers that can drop glide bombs. Experts have warned that Russian glide bombs pose a tremendous threat to Ukrainian forces.

Persons: —, Russia's Su, kgibcTnREI — Brady Africk, Brady Africk, Russian Su Organizations: Service, Saturday, Kyiv Independent, Ukrainian, American Enterprise Institute, Russian Defense Ministry, Getty, Institute for, Russian Locations: Russia, Kyiv, Ukrainian, Avdiivka, Moscow, Russian, Anadolu, Ukraine, Rostov

☆ India is drawing lessons from Ukraine to counter China's military might
▼ + stars: | 2024-04-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

India is trying to modernize its military of 1.5 million people with lessons from Ukraine. AdvertisementAs India boosts defense spending amid tensions with China and Pakistan, it is closely studying the Ukraine conflict for clues to the future of warfare and how to thwart its neighbors. Some lessons that Indian experts have already drawn: India needs lots of artillery, drones and cyberwarfare capabilities. Drones have become the stars and workhorses of the air war, with both sides deploying — and losing — drones in the hundreds of thousands. AdvertisementThere are lessons here for Indian airpower, according to Arjun Subramaniam, a retired Indian Air Force air vice marshal who helped write the ORF report.

Persons: —, Amrita Jash, Wolfgang Schwan, Arjun Subramaniam, Subramaniam, Cyberwarfare, Shimona Mohan, Mohan, Michael Peck Organizations: NATO, Service, Artillery, Indian Army, Manipal Academy of Higher Education, Observer Research Foundation, Getty, Russian, Indian Air Force, Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, Ukraine, Russia, China, Pakistan, Eastern, Western, Indian, Siversk, Donetsk Oblast, Anadolu, cyberwarfare, Forbes

☆ F-16s headed to Ukraine this summer will face their most dangerous battlefield ever
▼ + stars: | 2024-04-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Ukraine is slated to receive its much-anticipated fleet of F-16 fighter jets this summer. AdvertisementThe long-awaited delivery of F-16s to Ukraine is on the horizon, and these advanced American-made fighter jets can't come soon enough for its forces. The fighter jets are expected to arrive at some point this summer, reportedly as early as June. Romanian air force F-16 fighter planes fly above the Baza 86 military air base, outside Fetesti, Romania, Monday, Nov. 13, 2023. US Air Force F-16's stand ready with bombs loaded to take off during the first daylight attack to liberate Kuwait in 1991.

Persons: —, Falcon, SAMs, Alexandru, Egypt —, John Baum, Russia —, Baum, KIRILL KUDRYAVTSEV Russia's, Tannehill, Volodymyr Zelenskyy, Mark Rutte, Peter Dejong Organizations: Service, Russia's, Rygge Air Force Base, OLE BERG, Getty, NATO, Kyiv, Israeli Air Force, AP, US Air Force, Operation, Allied Force, Yugoslavia, Air Force, Defense Technical Information, Reuters, Storm, Russia, Mitchell Institute for Aerospace Studies, US Navy, SA, Russian, AIM, INA Locations: Ukraine, Balkans, Kyiv, Romania, Norway, AFP, — Belgium, Denmark, Netherlands, Europe, Lebanon's, Israel, Yom, Romanian, Fetesti, Storm, Iraq, Pakistan, Turkey, Egypt, Afghanistan, Islamic, Kuwait, Russian, Zhukovsky, Moscow, Bekaa, East, Syria, Russia, Ukrainian, Eindhoven, Rzeszow, Jasionka, Poland, Crimean

☆ JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
▼ + stars: | 2024-04-24 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion. The court ordered the seizure of funds in JPMorgan's Russian accounts and "movable and immovable property," including the bank's stake in a Russian subsidiary, according to a court order published Wednesday. It also boosted an ongoing American effort to convince European allies to release Russian state assets to assist Ukraine. JPMorgan said Russian courts have enabled similar efforts by Russian lenders against American or European banks at least a half dozen other times. JPMorgan said it faced "certain and irreparable harm" from VTB's efforts.

Persons: Jamie, JPMorgan Chase, VTB, Jamie Dimon, Biden, Joe Biden, JPMorgan Organizations: JPMorgan Chase, U.S . Senate Banking, Housing, Urban Affairs, Wall, Capitol, Washington , D.C, VTB Bank, JPMorgan, of Locations: Washington ,, Ukraine, Russian, St, Petersburg, U.S, Russia, Southern, of New York

☆ Ukraine aid will kill Russian momentum, but won't win it the war
▼ + stars: | 2024-04-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

A $61 billion package of US military aid for Ukraine is being signed off. AdvertisementRelief swept the front line in Ukraine on Saturday after the US voted to release a long-delayed $61 billion package of military aid to help defend against Russia's invasion. But while it's likely to help kill Russia's momentum and give Ukraine much-needed support in the coming months, experts are cautioning that it doesn't ensure victory for Ukraine. Analysts said the aid bill will bolster Ukraine's defenses against a possible planned Russian offensive this summer. AdvertisementFor Ukraine to feel confident in winning the war against Russia, it will need more military aid beyond 2024.

Persons: —, Mark Warne, Vladimir Putin, Oleksiy Goncharenko, it's, George Beebe, Donald Trump, haven't, There's Organizations: Service, CNN, US, Ukraine, Senate, CBS, Ukrainian, Financial, BI, Republican, The Financial Times, European Union Locations: Ukraine, Ukrainian, Russia

☆ ‘Our artillery is starving:’ Ukraine holds its breath as US set to approve $60bn of military aid
▼ + stars: | 2024-04-22 | by ( Andy Carey | Tim Lister | ) edition.cnn.com time to read: +7 min

The Ukraine aid bill, passed in the United States’ House of Representatives on Saturday, is now due to go to the Senate on Tuesday. At the top: artillery shells and air defense systems. “To win, we need ammunition… our artillery is starving,” an artillery reconnaissance commander with the 110th mechanized brigade, callsign “Teren,” told CNN after the vote on Saturday. While Ocheretyne itself is of no strategic value, it sits on a ridge, making it a desirable military target. “We need front-line air defense as much as we need protection for our cities and villages,” Zelensky said.

Persons: Joe Biden, ”, Volodymyr Zelensky, “, Teren, Velyka, Patrick Ryder, we’ve, Mark Warner, Chasiv Yar, Rob Lee, Russian Su, Anatolii Stepanov, ” Zelensky, Dmytro Kuleba, ” Kuleba, CNN’s Andy Carey, Victoria Butenko, Daria Tarasova, Svitlana Vlasova Organizations: Ukraine CNN —, United States ’, 110th, CNN, Ukraine’s Eastern Command, Pentagon, US Department of Defense, Senate Intelligence, CBS News, Sunday, –, Kremlin, Nazi, Getty, Patriot, Tactical Missile Systems, Warner, US, Ukrainian Locations: Kyiv, Ukraine, Russia, United, Russian, Avdiivka, Donetsk, Germany, Poland, Ukraine’s Dnipropetrovsk, Chasiv, Nazi Germany, AFP

☆ Everything you need to know about the Russian Tu-22M3 bomber plane and how Ukraine said it shot one down in war first
▼ + stars: | 2024-04-20 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Ukraine said it had shot down a Russian supersonic Tu-22M3 plane. Here's everything you need to know about the Tu-22M3 and how Ukraine says it shot it down. AdvertisementUkrainian intelligence said on Friday that it had shot down a feared Russian Tu-22M3 bomber plane for the first time as it launched a combat mission on Ukraine. AdvertisementTupolev describes the Tu-22M aircraft series as a "conventionally designed aircraft with a variable-swept low wing." A weeklong ambushImage appearing to show the Tu-22M3 aircraft after crashing.

Persons: —, Vladimir Vladimirov Kyrylo Budanov, HUR, WarTranslated, Dmitri Organizations: Service, NATO, Tupolev, Defence Intelligence, Ukraine, BBC, Main Directorate of Intelligence, British Ministry of Defence, Russian Air Force Locations: Ukraine, Russian, Soviet, BBC Ukraine, Russia

☆ The US and Israeli defeat of Iranian missiles is a big boost for its strained regional alliance
▼ + stars: | 2024-04-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

That's a boost for the regional air defense network the US wants. AdvertisementThe United States shot down more of the incoming Iranian drones than Israel and played a central role in the "multinational air defense operation" consisting of British, French, and Jordanian air forces. An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel on April 14, 2024. "Russia will seek to offset the US success in backing Israel by looking to buttress Iran's defense with advanced Russian systems such as the Su-35," Heras said. There were also reports last year indicating Iran also seeks the advanced Russian S-400 air defense missile system.

Persons: —, Biden, Jordan, MEAD, Nicholas Heras, Amir Cohen, Heras, Nadimi, Alexander Zemlianichenko, Su Organizations: Service, Biden, East Air Defense, UAE —, New Lines Institute, United Arab Emirates, REUTERS, Washington Institute for Near East, Islamic Revolutionary Guard Corps, AP Locations: Israel, Russia, Iran, Ukraine, Britain, France, Saudi Arabia, States, Jordanian, Israeli, Mar, Ashkelon, United States, Tehran, Russian, Syria, Moscow, Su

☆ NATO commander warns critical undersea cables and pipes 'under threat' from Russia and other foes
▼ + stars: | 2024-04-16 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

A NATO commander says sea cables and pipelines holding sensitive materials are vulnerable. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementImportant deep sea cables and pipelines are at risk, warns NATO's Allied Maritime Command's deputy commander Vice Adm. Didier Maleterre. We need to be protected and well supplied by our vital undersea infrastructures," Maleterre told the Guardian on April 16. He said that "Russia is clearly taking an interest in NATO and NATO nations' undersea infrastructure."

Persons: —, Adm, Didier Maleterre, Maleterre Organizations: NATO, Service, Command's, Guardian, Washington Post Locations: Russia, Russian, Ukraine, Moscow, Canada, Europe, Estonia, Finland, Norwegian, Germany

☆ Ukraine’s attacks on Russian oil refineries shows the growing threat AI drones pose to energy markets
▼ + stars: | 2024-04-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Ukraine's campaign of attacks against Russian oil refineries is demonstrating how relatively cheap drones that utilize artificial intelligence could pose a major threat to global energy markets. Ukraine-launched drones have hit 18 Russian oil refineries this year with a combined capacity of 3.9 million barrels per day, according to report published by JPMorgan earlier this month. Some 670,000 bpd of Russian refining capacity is currently offline due to the strikes, according to the bank. "Certainly, those attacks could have a knock-on effect in terms of the global energy situation," Austin told the Senate Armed Services Committee. The deployment of AI drones also has broader implications for global energy markets, according to Bob Brackett, a senior research analyst at Bernstein.

Persons: Natasha Kaneva, Lloyd Austin, Biden, Austin, we've, John Kilduff, Bob Brackett, Bernstein, Brackett Organizations: Reuters, JPMorgan, Kyiv, . Defense, Senate Armed Services Committee, Financial, Again Locations: Ukraine, Ryazan, Ryazan Region, Russia, Taneco, Kyiv, Moscow, Russian, China, India

☆ Surging oil prices may challenge the Federal Reserve's inflation fight
▼ + stars: | 2024-04-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

Mounting geopolitical tensions stemming from conflict in the Middle East and Eastern Europe have helped drive oil prices to five month highs, challenging the Federal Reserve's fight against inflation. U.S. crude oil gained 4.5% this week, touching $87 a barrel on Friday before settling at $86.91. Rising energy prices may affect the timing or magnitude of interest rate cuts, he said. The Federal Reserve is focused on bringing down core inflation, which excludes volatile energy and food prices. Escalating attacks are coming against a backdrop of an already tightening global crude market.

Persons: Brent, Bart Melek, Andy Lipow, Lipow, Bob Yawger, Yawger, Netanyahu, Manish Raj, White, Biden, John Kilduff, Kilduff, Melek, Saudi Arabia doesn't Organizations: Federal, American Automobile Association, West Texas, TD Securities, Lipow Oil Associates, Mizuho Americas, Valero, Philips, Marathon Petroleum, Velandera Energy Partners, Kyiv, JPMorgan, Financial Times, Again Capital, Bank of America, Saudi Locations: East, Eastern Europe, Iran, Israel, Ukraine, Damascus, Kyiv, Ukrainian, Russia, Saudi Arabia

CNN —Ukraine launched a major drone attack on an airbase in Russia’s Rostov region, killing Russian servicemen and destroying fighter jets, according to a Ukrainian source with knowledge of the operation. According to the ministry, air defense systems intercepted 44 UAVs over the Rostov region, six UAVs over the Krasnodar region, and one each over the Saratov, Kursk and Belgorod regions. The region of Rostov, which borders Ukraine in Russia’s south, has previously been impacted by Kyiv’s strategic aerial strikes. In September 2023, a drone attack caused an explosion near Russia’s military headquarters in the city of Rostov-on-Don. Ukraine is showing increasing willingness to launch targeted strikes across the border, in an apparent attempt to slowly wear down domestic Russian support for the war and degrade Russian infrastructure.

Persons: Vasily Golubev, Roman Busargin, Vyacheslav Gladkov, Don, Wagner Organizations: CNN —, Security Service, CNN, Ministry of Defense, Russian Armed Forces, Ukrainian Armed Forces, Don Locations: CNN — Ukraine, Russia’s Rostov, Ukraine, Rostov, Russian, ”, Russia, Morozovsky, Krasnodar, Saratov, Kursk, Belgorod, Engels, Ukrainian, Russia’s

☆ Dramatic video appearing to show a flaming Russian Su-27 jet crashing into the Black Sea shot down by own side, Ukraine says
▼ + stars: | 2024-03-30 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Russian Armed Forces appear to have downed their own Su-27 fighter jet over occupied Crimea. A Ukrainian spokesperson said human error was to blame for the Russian blunder. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian Armed Forces downed one of their own Sukhoi Su-27 fighter jets over Crimea on Thursday, Ukrainian officials claim. This story is available exclusively to Business Insider subscribers.

Persons: —, Su, Dmytro Pletenchuk Organizations: Russian Armed Forces, Service, Ukraine's, Russian Federation, Business Locations: Crimea

☆ Ukraine is in a race to stop Russia's mounting glide-bomb attacks
▼ + stars: | 2024-03-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Short flight times, small radar signatures, and non-ballistic trajectories make glide bombs particularly difficult to intercept as well. "When the Ukrainian air-defense bandwidth is all tied up, they then move in with the fixed-wing aircraft to conduct these glide-bomb attacks," he said. This includes the 1,100-pound FAB-500, 3,300-pound FAB-1500, and 6,600-pound FAB-3000 bombs — all of which can be modified and turned into glide bombs. "That makes the mission planning for attacks with standoff weapons that can hit fixed targets, like the glide bombs, quite practical," he explained. And it won't be entirely the fault of glide bombs — Kyiv needs all the tools its forces can get right now.

Persons: —, George Barros, Scott Peterson, they've, Alexander Ermochenko, Barros, Assad, Ivan Gavrylyuk, Justin Bronk, Su, ALEXANDER NEMENOV, Bronk, Volodymyr Zelenskyy, Alina Smutko, Ukraine doesn't Organizations: Service, Business, Institute for, REUTERS, Ukrainian, Ukrainian Armed Forces General Staff, Handout, Royal United Services Institute, Victory Day, Getty, Archer Artillery, Roman, Getty Images, Patriot, Infantry Brigade, Armed Forces Locations: Russia, Moscow, Ukraine, Russian, Petropavlivka, Avdiivka, Ukraine's Donetsk, Ukrainian, Kharkiv, AFP, Donetsk

☆ Opinion: Trump’s image is on the line
▼ + stars: | 2024-03-24 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. … Deals are my art form.”Having a lot of money distinguished him from other presidential candidates, Trump contended. ‘I don’t need anybody’s money,’ Trump said in his June 2015 presidential campaign announcement.”“Now Trump needs money, a lot of it. In July 2006, she met Trump at a celebrity golf tournament and says that the two had sex that weekend. “Whatever the Fifth Circuit and Supreme Court decide next, the question for President Joe Biden is what to do now,” wrote Lawrence Downes.

Persons: Charles Dickens, “ David Copperfield, Micawber, ” Micawber, “, Dickens, Donald Trump, Letitia James, Trump, he’ll, ”, Tony Schwartz, I’ve, Frida Ghitis, ’ Trump, … Dana Summers, Joe Biden’s, Julian Zelizer, Biden’s, ” Bill Bramhall, Stormy Daniels, Peacock, Ana Marie Cox, Daniels, she’s, Peter Navarro, He’s, Mike Johnson, Kevin McCarthy, House Republicans —, Matt Gaetz ’, Marjorie Taylor Greene, Johnson, Clay Jones, Paul Sracic, Fareed Zakaria, Biden, Peter Bergen, Bashar al, Assad, ” Bergen, Vladimir Putin, Richard Aboulafia, ” David Horsey, Joann, Lynda Gorov, it’s, ” Kate Middleton’s, Princess, Wales, Sara Stewart, Kate, that’s, she’ll, Joe Biden, Lawrence Downes, “ Biden, Greg, Abbott, ’, ” Downes, Trump’s, Jared Kushner, Kushner, Donald Trump’s, Aseel Mousa, Drew Sheneman, Max Besbris, ” Besbris, Linda Thomas, Greenfield, Thomas, Eleanor Roosevelt, ‘, ” Don’t, Grace Elizabeth Hale, Elizabeth Yuko, Avi Weiss, Jennifer Jones, Jill Filipovic, Christine Blasey Ford Derrick Johnson, Peter Rutland, Holly Thomas, Lily Allen, Mary Ziegler, Lanhee Chen, Steve Garvey, Adam Schiff, Patricia Grisafi, Caitlin Clark Walt Handelsman, Caitlin Clark, Amy Bass, Kamilla Cardoso, UCLA’s Kiki Rice, ’ ” Clark, Bass, Pete ’ Maravich, Court, Serena Williams, Clark, Maravich …, — Organizations: CNN, New, Trump, Agency, Twitter, Save, Maga Inc, Biden, Content Agency Trump, House Republicans, Rep, Ohio GOP, Russia ISIS, ISIS, Boeing, Airbus, Crafts, Boys, BBC Studios, Circuit, Texas Gov, Abbott, of Justice, Texans, Harvard, National Association of Realtors, United Nations, “, University of Iowa, ESPN, Iowa Hawkeyes, NCAA Division Locations: Save America, New York, Baton Rouge , Louisiana, Ohio, Russia, Moscow, Iraq, Syria, Syrian, “, Iran, Afghanistan, ”, Ukrainian, Windsor, ” Texas, Texas, Gaza, Southern, Rafah, Egypt, Israel, Gaza City, Al, Grace Elizabeth Hale : Mississippi, ‘, California

☆ Opinion: ISIS is making a comeback
▼ + stars: | 2024-03-23 | by ( Peter Bergen | ) edition.cnn.com time to read: +5 min

CNN —If ISIS was indeed responsible for the attack Friday at a Moscow-area concert venue that killed at least 133 people, it would suggest that, unfortunately, the terror group is making something of a comeback. ISIS claimed responsibility for the attack; a US official told CNN the US has no reason to doubt it. Through that attack, ISIS-K showed that the group, which is very anti-Shia, could target a hostile state like predominantly Shia Iran. In March alone, a Russian state news agency said the country had thwarted multiple ISIS-related incidents, including a plan to attack a synagogue in Moscow. As for capability, the ISIS-K attack in Iran earlier this year demonstrated that the group could carry out a large-scale attack outside of its home base in Afghanistan.

Persons: Peter Bergen, Osama bin Laden, Biden, Qasem Soleimani, Vladimir Putin, ”, Bashar al Assad, Assad, Putin Organizations: New, Arizona State University, Apple, Spotify, CNN, ISIS, US, Kabul Airport, Democratic, US National Security Council, Government Locations: New America, Moscow, Iraq, Syria, United Kingdom, Europe, Paris, Orlando , Florida, Africa, Asia, Afghanistan, Kabul, Democratic Republic of Congo, Somalia, Iran, Russian, Russia, ”, Ukraine, Syrian

☆ Drones have ushered in a brutal new phase of Syria's civil war
▼ + stars: | 2024-03-22 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

Read previewDrones are increasingly shaping warfare in the Syrian civil war that entered its 14th year in March. Kasim Rammah/Getty ImagesHowever, unlike drones, Syrian Air Force aircraft require significant support from Russia. Advertisement"The Russians might not want to spend any more jet fuel and Soviet-designed bombs on Assad just to help him blow up hospitals and marketplaces in Idlib," Lund said. Advertisement"It seems well within the means of Tahrir al-Sham, the dominant jihadi militia in Idlib, to manufacture and use kamikaze drones," Lund said. Even though many of these opposition drones are often described as crude, low-tech, and DIY, Lund also does not rule out the possibility that Syrian opposition groups have received state backing for some attacks.

Persons: —, Bashar al, Assad, Freddy Khoueiry, RANE, Khoueiry, Aron Lund, Lund, Kasim Rammah, Moscow's, they're, RANE's Organizations: Service, Business, Century International, Syrian Air Force, embroilment, Scientific Studies, Research Center, Ministry of Defense, Hezbollah, Russia Locations: Russia, Ukraine, Damascus, Hayat Tahrir, Idlib, Homs, East, North Africa, Syria, Aleppo, Soviet, Iran, Yemen, Lebanon, Hmeimim, Latakia, Tahrir, Turkey

☆ The US is pressuring the biggest Western bank in Russia to cancel a $1.6 billion industrial investment
▼ + stars: | 2024-03-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn Austrian bank's plan to repatriate $1.6 billion in assets still stuck in Russia is facing US pushback, on concern that the deal would breach Western sanctions. The Raiffeisen Bank International remains the biggest foreign-owned lender remaining in the country, as efforts to sell or spin off its Russian unit have struggled since Moscow's tightened exit requirements on foreign firms. That's as Deripaska is sanctioned for potential links to the Kremlin, making the transaction a possible breach of Western restrictions. Aside from Raiffeisen, the US has been stepping up pressure on foreign banks that continue to facilitate transactions with Russia.

Persons: —, Oleg Deripaska, Raiffeisen, that's Organizations: Service, Raiffeisen Bank, Business, Reuters Locations: Austrian, Russia, Russian, Vienna, Washington, Austria, Saudi Arabia, Turkey

The woman is Lutfiye Zudiyeva, a Crimean Tatar, and she shared video of the moment on her social media accounts. It’s inevitable.”Arrests like hers, as well as large mass raids, especially, but not exclusively, in areas predominantly inhabited by Crimean Tatar communities, have been common since 2014. “The situation is only getting worse,” said human rights lawyer Emil Kurbedinov, himself a Crimean Tatar. AFP/Getty ImagesThe major concern now is that Crimea is a template for the other four Ukrainian regions now fully or partially occupied by Russia. Propaganda effortWhen it comes to Crimea, Russia has tried to hide its oppression under a veil of public investment, and patriotism.

Persons: “, ”, Russia’s, ” Zudiyeva, Joseph Stalin, Emil Kurbedinov, Daniel van Moll, NurPhoto, Kurbedinov, Ukraine –, Viktor Yanukovich’s, ” —, Baz Ratner, Yanukovich –, Sergey Aksyonov, Sean Gallup, ” Kurbedinov, Krzysztof Janowski, ” Janowski, Vladimir Putin, Irina Volk, Zaporizhzhia –, Volk, didn’t Organizations: CNN, United Nations, Tatars, Soviet Union, Fleet, Reuters, Research, Russia, Crimean, Getty, UN, Ukrainian, Moscow Locations: Crimean, Ukrainian, Crimea, Crimean Tatar, Ukraine, Soviet Union, Crimean Tatars, Russia, Simferopol, Sevastopol, Russian, Soviet, Moscow, Kyiv, Russian Republic of Crimea, AFP, Donetsk, Luhansk, Kherson, Zaporizhzhia, Avdiivka, Kerch, “

☆ Ukraine drones attack multiple oil refineries in the campaign against Russia's strategic energy industry
▼ + stars: | 2024-03-17 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

Ukraine attacked another Russian oil refinery on Saturday night. AdvertisementA long week of attacks on oil and gas infrastructureThis past week, Ukraine has made a concerted effort to degrade Russia's oil production capabilities. The governor of Russia's Samara Oblast reported on March 16 that Ukrainian drones had attacked two Rosneft oil refineries. One attack had hit another major oil refinery operated by Lukoil in the southwestern Volgograd region. Similar incidents had occurred across Russia in January, hitting the Slavneft-Yanos oil refinery, an oil refinery in Tuapse, a storage facility in Klintsy, and a Baltic sea Ust-Luga terminal.

Persons: —, Ukrainska, Russia's, Andriy Yermak, Volodymyr Zelenskyy, Zelensky, Краснодарському кра РосВдео Organizations: Bloomberg, Service, Business, Astra, Ukrainska Pravda, Security Services, Security Service, Stringer, Anadolu Agency, Getty, Reuters, Staff, Lukoil, НПЗ Locations: Ukraine, Russian, Krasnodar, Moscow, Russia, Russia's Samara Oblast, Ryazan, Nizhny Novgorod, Leningrad, Lukoil's Norsi, Russia's Belgorod, Norsi, Ukrainian, Volgograd, Tuapse, Klintsy, Baltic

I ended up loading all the luggage I had – and he had a bunch of boxes,” Butler said of Nauta. But I also have a bad feeling that what I’m saying is getting him into trouble,” Butler told CNN. Given his long history at Trump’s club, Butler shed light on potentially critical instances related to the disclosure of classified information. De Oliveira hung up the phone, happily, and told Butler that Trump would provide him an attorney, Butler says. I think we went to sit down,” Butler told CNN.

Persons: Kaitlan Collins, CNN —, Donald Trump’s, Brian Butler, “, Jack Smith, Butler, Trump, Walt Nauta, Carlos De Oliveira, Lago, Donald Trump, CNN Butler, Nauta, De Oliveira, didn’t, ‘, ” Butler, Department’s, he’s, John Irving, Florida Butler, MAGA, Trump’s, ’, I’m, De Oliveria, Brian Butler's, Jeffrey Sloman, De Oliveira nudging, Anthony Pratt, Pratt, there’s, There’s De Oliveira, Melania Trump, putts De Oliveira, Taylor Swift, De, “ Carlos, pats, Butler “, Carlos, ‘ He’s, ’ ” Butler Organizations: CNN, “ Trump, Trump, Mar, Justice Department, West Palm Beach, Palm Beach, CNN The Florida, FBI, Southern, Southern District of, Smith’s, Prosecutors Locations: Mar, Palm Beach , Florida, Trump, New Jersey, Nauta, Palm Beach, Lago, West Palm, Florida, Palm, South Florida, Southern District, Southern District of Florida, Russian, Butler

☆ Russia seems to be OK with sacrificing its planes over Ukraine to achieve a bigger prize, experts say
▼ + stars: | 2024-03-06 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Russia seems to be more heavily using its air force for glide bomb attacks, the ISW said. The ISW had previously released an assessment on Monday that suggested Ukraine's reported successes had caused Russia's air force to scale back its flights. Experts warned that it would be devastating for Ukraine if Russia continued to be able to do this. Russia using glide bombs near Avdiivka may be why Ukraine has been able to shoot down so many Russian jets, experts previously told Business Insider. Russian aircraft need to fly higher to launch them, giving Ukraine's weaponry more time to target and hit them, they said.

Persons: That's, —, Russian Su, ISW, Ukraine's Organizations: Service, Ukraine, Washington DC, New York Times, Russian Locations: Russia, Ukraine, Russian, Avdiivka

☆ Ukraine says it shot down 3 Russian Su-34 fighter-bombers in a single day to cap off a rough month for Russia's air force
▼ + stars: | 2024-02-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Ukraine says it shot down three Russian Su-34 jets in one day. On Thursday, the Ministry of Defense of Ukraine said it had shot down three Sukhoi Su-34 fighter-bombers that day. The reported kills extend what appears to have been a successful month for Ukraine's air defenders and a devastating one for Russian aviation. Last October, Ukraine said that it shot down five Russian Su-25 close-air-support planes over a 10-day period. Its defenders have relied heavily on American-made Patriot systems and other Western-made systems, but Ukraine also has various other systems at its disposal.

Persons: Russia's, —, Sukhoi Su, ◾️, …, It's, VASILY MAXIMOV, Ukraine's Organizations: Service, Ukraine, Ministry of Defense, Ukrainian Air Force, —, Getty, Abrams, Avdiivka Locations: Ukraine, Russian, @DefenceU, Syria, AFP, Russia

☆ Ukraine's air force extends its kill streak to 10 Russian planes in 10 days
▼ + stars: | 2024-02-28 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

Ukraine's Ministry of Defense said it took down its 10th Russian fighter jet in 10 days. AdvertisementUkraine announced on Tuesday that it had brought down its 10th Russian fighter jet in as many days. The Ministry of Defense of Ukraine wrote on X that it had shot down a Su-34 fighter bomber in the eastern direction. "Another Russian Su-34 fighter-bomber was destroyed by Ukrainian warriors in the eastern direction. And now it's 10 destroyed Russian planes in 10 days!"

Persons: — Organizations: Ministry of Defense, Service, Business Locations: Russian, Ukraine

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