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In his nightly address, Zelenskyy thanked EU leaders and said the four-year program would provide Ukrainians with financial guarantees for "social stability." This is a clear signal to Moscow that Europe will withstand and that Europe will not be broken by any destructive waves that the Kremlin always comes up with," he added. "But at the same time, it is a clear signal across the Atlantic that Europe is taking on commitments. Security commitments. U.S. President Joe Biden's government has been pushing for congressional approval for $61 billion in fresh funding for Ukraine for months.
Persons: Volodymyr Zelenskyy, Zelenskyy, Joe Biden's, Organizations: EU, Israel, Pentagon, Republican Locations: Moscow, United States, Europe, Ukraine, U.S
Read previewUkraine's military chief, Valerii Zaluzhnyi, said that the country must prepare for a decline in Western support in its war against Russia and instead win using unmanned vehicles and other technologies. While Russia has the advantage when it comes to brute force, Ukraine has often countered attacks using advanced and, at times, improvized tech solutions. He said that Ukraine must place its military on a new footing if it is to defeat Russia. Advertisement"Perhaps the number one priority here is mastery of an entire arsenal of (relatively) cheap, modern and highly effective, unmanned vehicles and other technological means," he said. He noted that Western support and supplies of key weapons from the West are running low.
Persons: , Valerii Zaluzhnyi, Zaluzhnyi, Volodymyr Zelenskyy Organizations: Service, CNN, Business, Union, Technology, The New York Times Locations: Russia, Ukraine
Running out of ammunition, Ukrainian soldiers are even more reliant on drones. Russian firepower is overwhelming Ukraine's military as its military aid plummets. AdvertisementWhile Ukraine's military awaits more funding, it has decided to increase its production of shells without disclosing the output. Ukraine's fight has depended on funding from Western powers, but critical military aid from the US is currently stuck in Congress. Advertisement"Meanwhile, unfortunately, the implementation of the European plan to supply one million artillery shells to Ukraine is being delayed," Zelenskyy said.
Persons: , Avdiivka, Valery Zaluzhny, Zaluzhny, Ukraine's, Politico, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, Politico, CNN Locations: Ukraine, Ukrainian, North Korea, Russia
Russia is now getting a million artillery shells from North Korea, per Ukrainian intelligence. AdvertisementUkraine says Russia is getting a million artillery shells from North Korea as it is struggling with its own supplies from its allies. "Intelligence confirms that Russia will receive a million artillery shells from Pyongyang," Zelenskyy said, per an official translation of his video address. "Meanwhile, unfortunately, the implementation of the European plan to supply one million artillery shells to Ukraine is being delayed," he said. In his address, Zelenskyy said that North Korea sending more than one million artillery shells to Russia is a "signal of global competition, in which Europe cannot afford to lose."
Persons: , Volodymyr Zelenskyy, Zelenskyy, Josep Borrell, Rustem Umerov Organizations: Service, Intelligence, EU Locations: Russia, North Korea, Ukraine, Pyongyang, Korea, Europe
Read previewUkraine says Russia is getting a million artillery shells from North Korea as it is struggling with its own supplies from its allies. "Intelligence confirms that Russia will receive a million artillery shells from Pyongyang," Zelenskyy said, per an official translation of his video address. "Meanwhile, unfortunately, the implementation of the European plan to supply one million artillery shells to Ukraine is being delayed," he said. AdvertisementThe EU has failed to deliver the one million rounds of ammunition promised to Ukraine in March last year, with production rates still lagging. In his address, Zelenskyy said that North Korea sending more than one million artillery shells to Russia is a "signal of global competition, in which Europe cannot afford to lose."
Persons: , Volodymyr Zelenskyy, Zelenskyy, Josep Borrell, Rustem Umerov Organizations: Service, Intelligence, Business, EU Locations: Ukraine, Russia, North Korea, Pyongyang, Korea, Europe
Commander in Chief of the Ukrainian Armed Forces Valerii Zaluzhnyi attends a ceremony marking the Day of Ukrainian Statehood, amid Russia's attack on Ukraine, in Kyiv, Ukraine July 28, 2023. Ukraine's army chief Valeriy Zaluzhnyi is expected be dismissed from his post by the end of the week, news outlet CNN reported Wednesday, citing sources. Zaluzhnyi reportedly refused a request from Zelenskyy to step down earlier this week and remains in post for now. Defense analysts point out that it's standard practice for military commanders to be replaced during times of war, if new strategy and vision are deemed necessary. Ukraine's forces are seen to be making little headway in reclaiming Russian-occupied territory, instead having adopted a more defensive stance to retain the positions held.
Persons: Ukrainian Armed Forces Valerii Zaluzhnyi, Valeriy Zaluzhnyi, Volodymyr Zelenskyy, Zaluzhnyi, Zelenskyy, Holly Ellyatt Organizations: Ukrainian Armed Forces, Ukrainian, CNN, Ukraine's Armed Forces Locations: Ukraine, Kyiv, Russia
Ukrainian President Volodymyr Zelenskyy is reportedly preparing to replace army chief Valeriy Zaluzhnyi in what would be the biggest shake-up of the country's military command since Russia's full-scale invasion nearly two years ago. Commander-in-Chief of the Armed Forces of Ukraine Valerii Zaluzhnyi during an event dedicated to Ukraine's Independence Day on August 24, 2023 in Kyiv, Ukraine. They said that Ukraine's president may not oust Zaluzhnyi for some time, however. Ukraine's Defense Ministry on Monday appeared to reject speculation about the army chief's position, saying in Google-translated remarks via Telegram, "Dear journalists, we immediately answer everyone: No, this is not true." Ukraine's Defense Ministry did not immediately respond to CNBC's request for comment.
Persons: Volodymyr Zelenskyy, Valeriy, Ukraine Valerii, Zaluzhnyi, Zelenskyy's, Zelenskyy Organizations: Armed Forces, Financial Times, Ukraine's Defense, Google, Ukraine's Defense Ministry Locations: Ukraine, Kyiv, Zelensyy, Russia
Read previewUkrainian President Volodymyr Zelenskyy may be moving to replace his top commander, Gen. Valery Zaluzhny, after a period of reported tension between the two. The possibility of such a shake-up raises questions about who would replace Zaluzhny, nicknamed the "Iron General," as well as what Zelenskyy's goals are for Ukraine's war effort in 2024. A senior official familiar with the conversation confirmed to The Washington Post that the Ukrainian president told Zaluzhny he was being removed on Monday. President Of Ukraine Volodymyr Zelenskyy speaks during meeting with Ukrainian railway workers on November 4, 2023, in Kyiv, Ukraine. AdvertisementA deeper, perhaps more personal division between the Ukrainian president and his top general may also be Zaluzhny's popularity.
Persons: , Volodymyr Zelenskyy, Valery Zaluzhny, Zelenskyy's, Zaluzhny, Ignacio Marin, Zelenskyy, Republicans —, what's, Kyrylo Budanov, Gen, Oleksandr Syrsky, Ukraine Volodymyr Zelenskyy, Viktor Kovalchuk Organizations: Service, Business, The Washington Post, Anadolu, Getty, Ukraine —, Republicans, Zaluzhny, Economist Locations: Russian, Ukraine, Donetsk Oblast, Israel, Russia, Kharkiv, Kyiv, West, Zelenskyy
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One front-line soldier said that enemy tanks are, at least for him, particularly unnerving. This story is available exclusively to Business Insider subscribers. SERGEY SHESTAK/AFP via Getty ImagesThe Ukrainian military, on the other hand, has been struggling with weapon and ammunition shortages lately, especially as crucial support from the US remains hung up in Congress. AdvertisementThe Russian military has ramped up its industrial capacity, as well as its recruitment.
Persons: , Dmytro, SERGEY SHESTAK, Patrick Ryder, Volodymyr Zelenskyy Organizations: Service, Business, Ukrainian National Guard, Bureviy Brigade, CNN, Artillery, Russian, AFP, Getty, Pentagon Locations: Ukraine, Ukrainian, Bakhmut, AFP
Read previewShould the US walk away from the war in Ukraine and abandon it as it attempts to fend off the Russians, it'll be it'll be an "own goal of historic proportions," the CIA director said. Russia's defense industry is on a war footing, and support from pariah states like North Korea and Iran is fueling its war efforts. There are many benefits for the US to continue supporting Ukraine, Burns noted, a "relatively modest investment with significant geopolitical returns." During a Washington, DC visit, the Ukrainian leader pleaded for more US aid and explained that if Russia took Ukraine, Putin wouldn't stop there. The latest aid package to Ukraine has been on hold since October, when Republicans blocked it, along with assistance to Israel.
Persons: , it'll, William J, Burns, Vladimir Putin, Putin, Volodymyr Zelenskyy, Donald Trump's Organizations: Service, CIA, Republicans, Business, Foreign Affairs, Ukraine, Anadolu, Getty, NATO, Democrats Locations: Ukraine, Russia, North Korea, Iran, handout, Taiwan Strait, There's, United States, Washington, Ukrainian, Israel
Read previewRussia has been ramping up its attacks in various sectors of the front, and there have been numerous clashes in the last few days, according to Ukrainian military officials. Gen. Oleksandr Tarnavskyi wrote in a Telegram post Saturday that in his area, "for the second day in a row, the enemy has conducted 50 combat clashes daily." Other Ukrainian military officials have emphasized the frequency of Russian attacks. A military spokesperson repeated the 50 attacks figure in a separate discussion of Russian activities, highlighting the intensity in certain sectors. "The invaders are very active, they have increased the number of offensive and assault operations," said Ukrainian military spokesperson Oleksandr Shtupun, according to a Sunday CNN report.
Persons: , Oleksandr Tarnavskyi, Oleksandr Shtupun, Oles, Tarnavskyi, Shtupun, Zelenskyy Organizations: Service, Business, Ukrainian, CNN, 92nd Separate Brigade, Kupyansk, Force, Republican Locations: Russia, Ukrainian, Avdiivka, Donetsk Oblast, Kharkiv Oblast, Tavria, Zaporizhia, Ukraine
Ukrainian President Volodymyr Zelenskyy speaks with CNBC's Andrew Ross Sorkin at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. The Zelenskyy family income fell almost threefold between 2021 and 2022, according to the declaration on the presidential website. In particular, in 2021, the process of registering 22 trademarks, which began long before his election as President of Ukraine, was completed," the president's first-ever public declaration of income said. In 2022, the Zelenskyy family income fell to 3.7 million hryvnias due to the "temporary termination of lease agreements on the territory of Ukraine as a result of the beginning of Russia's full-scale aggression." The family's cash balance at the end of 2022 dropped by almost 1.8 million hryvnias, the declaration said, while its asset, real estate and vehicle ownership was unchanged over the two years.
Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Zelenskyy Organizations: EU Locations: Davos, Switzerland, Ukraine, Russia
Negotiations on a deal on the border and aid could collapse thanks to Trump. AdvertisementRepublicans and Democrats have spent weeks carefully negotiating a massive, bipartisan immigration and foreign aid deal, leaving Ukraine in a wait-and-see position on critical support. As both sides moved closer toward a possible agreement, former President Donald Trump stepped in to torpedo attempts at a compromise. Chip Somodevilla/Getty ImagesDespite the border deal being notably to the right of the Biden administration's stances on immigration, the bipartisan bill could be a win for Biden ahead of the election. He appeared to be referring to a contingent of GOP lawmakers who have loudly denounced future US support for Ukraine.
Persons: Trump, , Donald Trump, Mitch McConnell, Trump's, McConnell, Joe Biden, Sen, Marco Rubio, Joe Raedle, Mitt Romney, Biden, Todd Young, America, Donald Trump grins, Chip Somodevilla, Mike Johnson, it's, Johnson, Marjorie Taylor Greene, Greg Abbott, Volodymyr Zelenskyy, Artur Widak, Zelenskyy Organizations: Service, Republicans, Democrats, Punchbowl News, Miami - Dade Country Fair, Republican, CNN, Las, Immigration, Ukraine, Biden, Texas, Getty, US, NATO, Republican Party Locations: Ukraine, Russia, Iowa, New Hampshire, Miami , Florida, Las Vegas, Israel, Mexico, Rio, Warsaw, Poland, Washington, Russian
Read previewThe end of the Ukraine war could look a lot like that of the Korean War, with parts of Ukraine remaining occupied by Russian forces, says a former NATO supreme allied commander. This story is available exclusively to Business Insider subscribers. Russia invaded Ukraine in February 2022. The long-drawn conflict has seen Russia grappling with the West's crippling sanctions and Ukraine leaning on Western support for their war efforts. Representatives for Stavridis did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , James Stavridis, Stavridis, John Catsimatidis, John, we've, Volodymyr Zelenskyy, Vladimir Putin, Zelenskyy, Sergey Lavrov Organizations: Service, Business, US, NATO, Business Insider Locations: Ukraine, NATO, Russia, Crimea
Ukrainian President Volodymyr Zelenskyy on Sunday published his income over a two-year period, as he looks to promote transparency as part of Kyiv's push for European Union membership. Ukraine formally started the screening process to begin talks over its future membership of the EU on Thursday, and faces stringent conditions to increase transparency and root out corruption. Zelenskyy has called for all public officials to disclose their incomes, while the U.S. and other allies supporting Ukraine's war effort have sought assurances about the country's efforts. According to the declaration, the president and his family members received 10.8 million hryvnias ($286,168) in 2021, the last year before Russia's invasion of Ukraine, down 12 million hryvnias from the previous year. The 2021 also included income from the sale of around $142,000 in government bonds.
Persons: Volodymyr Zelenskyy, Zelenskyy Organizations: European Union Locations: Ukraine, U.S
KYIV, Ukraine (AP) — Employees from a Ukrainian arms firm conspired with defense ministry officials to embezzle almost $40 million earmarked to buy 100,000 mortar shells for the war with Russia, Ukraine's security service reported. Ukrainian President Volodymyr Zelenskyy was elected on an anti-corruption platform in 2019, long before Russia’s full-scale invasion of Ukraine in February 2022. Security officials say that the current investigation dates back to August 2022, when officials signed a contract for artillery shells worth 1.5 billion hryvnias ($39.6 million) with arms firm Lviv Arsenal. However, the goods were never delivered and the money was instead sent to various accounts in Ukraine and the Balkans, investigators said. Ukraine’s prosecutor general says that the funds have since been seized and will be returned to the country's defense budget.
Persons: SBU, Volodymyr Zelenskyy, Ivan Bakanov Organizations: , European Union, NATO, State Security Service, Lviv Arsenal Locations: KYIV, Ukraine, Ukrainian, Russia, Kyiv, Lviv, Balkans
The Russian Defense Ministry said Wednesday that missiles fired from across the border brought down the transport plane that it said was taking the POWs back to Ukraine. Local authorities in Belgorod, which borders Ukraine, said the crash killed all 74 people onboard, including six crew members and three Russian servicemen. Kyiv has neither confirmed nor denied that its forces downed a Russian military transport plane that day, and Russia's claim that the crash killed Ukrainian POWs could not be independently verified. An International Committee of the Red Cross spokesperson in Ukraine urged Russia on Friday night to return the bodies of any POWs who might have died in the plane crash. While Ukraine and Russia regularly exchange the bodies of dead soldiers, each trade has required considerable preparation, Vlasenko said.
Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Moscow, Kyrylo, Budanov, Mykola Oleshchuk, Oleksandr Vlasenko, Vlasenko, Vladimir Putin, Putin Organizations: Russian, Wednesday, Ukraine's, Staff, Kyiv, Russian Defense Ministry, Local, Social, International Committee, Red Cross, U.S, Free, Radio Liberty, Red Cross Media Locations: Davos, Switzerland, Ukraine, Russia, Ukrainian, Russia's Belgorod, Belgorod, Russian, Kyiv, Moscow, Free Europe, thoughtlessness, St . Petersburg
Ukraine formally started the screening process to begin talks over its future membership of the European Union on Thursday, President Volodymyr Zelenskyy said. In a post on X, the Ukrainian leader said he welcomed the start of "substantial preparations for Ukraine's EU accession talks" in Brussels, following an agreement reached with EU Commission President Ursula von der Leyen last week at the World Economic Forum in Davos, Switzerland. "The thorough work of assessing the conformity of Ukrainian legislation with EU norms, the formation of Ukraine's delegation, and our negotiating position are all ahead of us," Zelenskyy added. "I expect full engagement of Ukrainian government team and the first intergovernmental conference to be held already this spring." The White House said last week that the U.S. money supply to Ukraine has now run out, which could leave Kyiv ill-equipped to repel the Russian invasion.
Persons: Volodymyr Zelenskyy, Ursula von der Leyen, Zelenskyy, John Thune Organizations: European Union, EU, Economic, U.S, Republican, Reuters Locations: Ukraine, Brussels, Davos, Switzerland
I don’t know whether they did it on purpose or by mistake, through thoughtlessness,” Putin said of Ukraine at a meeting with students. Putin offered no details to support the allegation that Ukraine was to blame, which other Russian officials have also made. Ukrainian officials have not said whether their military shot down the plane, but they called for an international investigation. Political Cartoons View All 253 ImagesBoth sides in Russia's 23-month-long war in Ukraine have often used accusations to sway opinion at home and abroad. Ukrainian officials confirmed that a prisoner exchange was due to happen Wednesday but said it was called off.
Persons: Vladimir Putin, Putin, ” Putin, Mykola Oleshchuk, , Volodymyr Zelenskyy Organizations: Authorities Locations: Russia’s Belgorod, thoughtlessness, Ukraine, Belgorod, Moscow, russia, ukraine
Russia accused Ukraine of shooting it down, killing 74 people on board, including prisoners of war. AdvertisementUkraine has suggested that it may have been tricked into shooting down a plane that Russia claims was carrying 74 people, including 65 Ukrainian prisoners of war. Russia said there were no survivors after an Il-76 plane crashed near Yablonovo, 44 miles southeast of the Belgorod border region of Russia. Ukraine's Air Force Commander Mykola Oleshchuk said that Russia was seeking to undermine Ukraine's international support by exploiting the plane crash. AdvertisementUkraine's President Volodymyr Zelenskyy has called for an international investigation into the incident and accused Russia of "playing with the lives of Ukrainian prisoners."
Persons: , GUR, Mykola Oleshchuk, Oleshchuk, Ukrainska, Volodymyr Zelenskyy, Dmitry Peskov, Zelenskyy, We've, we're, John Kirby Organizations: Service, Russian Federation, Air, Russian Defense Ministry, Ukrainska Pravda, Associated Press, National Security Locations: Ukraine, Russia, Yablonovo, Belgorod, Russian, Ukraine's Kharkiv, Lyptsi, Kharkiv, Ukrainian
NATO has vastly underestimated Russia's capabilities, a top general said. AdvertisementNATO has significantly underestimated Russia's capacity to replenish its armed forces with personnel and ammunition, a senior general said. AdvertisementIn September 2023, an unnamed Western official warned of Russia's ability to make two million artillery shells a year, per Reuters . And Christopher Cavoli, the commander of US European Command, said in April 2023 that despite significant losses in Ukraine, Russia's ground forces were bigger than when it invaded Ukraine. AdvertisementAs recently as Tuesday, NATO Secretary General Jens Stoltenberg said the war in Ukraine had become a "battle for ammunition."
Persons: Martin Herem, , Herem, Sir Tony Radakin, Christopher Cavoli, Jens Stoltenberg, Volodymyr Zelenskyy, Zelenskyy Organizations: NATO, Bloomberg, Service, Estonian Defense Forces, Financial Times, UK Ministry of Defence, European Command, Congress, Davos, Business, Russian Federation Locations: Russia, Ukraine
Read previewNearly two years into Russia's war against Ukraine, and it appears to have the upper hand in a key fight: the ammunition battle. Ultimately, Ukraine's "ammunition challenge is rooted in increasing defense production," Wallander told reporters Tuesday. "Russia's war in Ukraine has become a battle for ammunition, so it is important that Allies refill their own stocks, as we continue to support Ukraine." AdvertisementEfforts to boost ammunition production are not just limited to NATO, either. "We also discussed the launch of new production lines for weapons and ammunition in Ukraine — at our enterprises and together with partners," he said.
Persons: , Celeste Wallander, Dmytro Smolienko, Wallander, Archer, Jens Stoltenberg, Ukraine's, NATO's, Stoltenberg, Libkos, ISW, Volodymyr Zelenskyy, Biden, ROMAN PILIPEY, Pat Ryder Organizations: Service, Ukraine, Business, Armed Forces, American, Publishing, Getty, The New York Times, NATO, Tuesday, Russia, Institute for, Assault Brigade, European Union, 45th Artillery Brigade, Getty Images Pentagon, Pentagon Locations: Ukraine, Russia, Moscow, Donetsk Oblast, NATO, Bakhmut District, Donetsk Region, Kyiv, Donetsk, AFP, Washington
It means the US can't repair weapons it sent to Ukraine, the Pentagon's press secretary said. AdvertisementThe Pentagon said that US weapons are faltering in Ukraine because it can't help the Ukrainians repair them. Ryder explained that at this time, the US can't help Ukraine "sustain systems that we've previously provided to them." But repair assistance can't be provided without further aid from Congress, Ryder said. White House National Security Council spokesperson John Kirby warned that without new approvals its ability to support Ukraine would dry up.
Persons: , Patrick Ryder, Ryder, John Kirby, Biden, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, Pentagon, Ukraine, US, White, National Security, Business Locations: Ukraine, Poland, Ukrainian, Mexico, Russia
Zelenskyy's aides had a train ready for him to escape on in February 2022, a new book says. Zelenskyy refused to use the train and defiantly stayed to lead Ukraine's defense against Russia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAt the outbreak of Russia's full-scale invasion of Ukraine, President Volodymyr Zelenskyy's security service kept a train idling in Kyiv to enable a quick escape out of the city, according to a new biography. Ukraine's then-defense minister, Oleksiy Reznikov, said that Russia was trying to make Zelenskyy panic and run, according to Shuster.
Persons: Zelenskyy's, Zelenskyy, , Volodymyr Zelenskyy's, Volodymyr Zelensky, Simon Shuster, Shuster, Ukraine's, Oleksiy Reznikov, Olena Zelenska, Pierre Crom, Viktor Yanukovych, Joe Biden —, Volodymyr Zelenskyy Organizations: Russia, Service, Reuters, Armed Forces of Locations: Ukrainian, Ukraine, Kyiv, Kyiv's, Russia, Poland, Armed Forces of Ukraine
Turkish lawmakers finally approved Sweden's NATO membership bid on Tuesday, clearing a major obstacle for the country to enter the military alliance after 20 months of delays. After decades of military nonalignment, Sweden and Finland applied to join NATO in May 2022, several months after Russia invaded Ukraine. After Ankara's decision to approve Sweden's entry to the defense bloc, Hungary is now the only NATO member yet to ratify Sweden's accession. NATO chief Jens Stoltenberg welcomed the Turkish parliament's decision yesterday, and called on Hungary to follow suit. In other news, Ukrainian President Volodymyr Zelenskyy said Russian missile strikes on major Ukrainian cities on Tuesday killed 18 people and injured more than 130.
Persons: Jens Stoltenberg, Volodymyr Zelenskyy Organizations: NATO, Sweden's, Turkish Locations: Sweden, Finland, Russia, Ukraine, Turkey, Hungary, Russian
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