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☆ Russia has brought out its S-500, an 'experimental' weapon it's never used before, Ukrainian spy chief says as Ukraine hunts air defenses in Crimea
▼ + stars: | 2024-06-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

Russia deployed its only S-500 air defense system in Crimea amid Ukrainian strikes. The system is "experimental," Ukraine's spy chief said, and has never been used before in combat. Ukraine has upped its attacks in Crimea, likely hoping to destroy Russia's air defenses in the area. AdvertisementRussia has deployed its only S-500 air defense system in Crimea as Ukraine ups its attacks on the occupied peninsula, Ukraine's spy chief said this week. Russia moved the S-500 to protect the Kerch Bridge, as well as strengthen Russia's air defense network in occupied Crimea, Budanov said Wednesday.

Persons: —, Ukraine's, Kyrylo Budanov, Budanov Organizations: Service, Ukrainian Defense Intelligence Directorate, Business Locations: Russia, Crimea, Ukraine, Kerch

☆ A new plane Ukraine is getting will amplify its F-16s and eat into Russia's advantage in the air, experts say
▼ + stars: | 2024-06-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe arrival of a new type of aircraft for Ukraine will give it an advantage it's not had before, and will help boost the effectiveness of its promised F-16s, experts told Business Insider. Sweden announced late last month that it is giving Ukraine two ASC 890 airborne control and surveillance aircraft, which act as command centers in the air. They remain highly vulnerableDuring the war, Russia has been using its own A-50 Airborne Early Warning & Control aircraft to monitor Ukraine's air space and coordinate attacks. AdvertisementThe experts said hanging back is also likely the best approach for Ukraine's first F-16s, so the jets can protect cities and infrastructure while staying away from most of Russia's weaponry.

Persons: —, it's, Ukraine Tim Robinson, Pal Jonson, Jose Miguel T, Mark Cancian, Peter Layton, Alexander Zemlianichenko, Layton, Cancian Organizations: Service, Ukraine, Business, UK's Royal Aeronautical Society, Swedish, US Air Force, Marine, Center for Strategic, International Studies, Griffith Asia Institute, Royal Australian Air Force, Control, AP, Aircraft Locations: Ukraine, Sweden, Swedish, Russia, Denmark, Netherlands, Norway, Belgium

☆ A US attack submarine and one of Russia's most formidable subs are in Cuba at the same time
▼ + stars: | 2024-06-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewA US Navy nuclear-powered attack submarine arrived in Cuba on Thursday, the Pentagon revealed, putting the American combat vessel in the Caribbean nation at the same time as one of Russia's most formidable subs. AdvertisementThe Los Angeles-class attack submarine USS Helena transits the Atlantic Ocean. One of these vessels is the Kazan, a Yasan-class nuclear-powered cruise missile submarine. A spokesperson for SOUTHCOM said that the Helena's arrival in Cuba was not a direct response to the Russian naval vessels. AdvertisementThe Russian nuclear-powered submarine Kazan arrives at Havana's harbor on June 12.

Persons: —, Helena, Rafael Martie, SOUTHCOM, ADALBERTO ROQUE, Dmitry Peskov, it's, Sabrina Singh, We're, Singh Organizations: Service, US Navy, Pentagon, US Southern Command, Business, Getty Images, US, Kremlin Locations: Cuba, Caribbean, Helena, Guantanamo Bay, SOUTHCOM's, Los Angeles, Angeles, Havana, Kazan, United States, Havana's, Moscow, Russia, Ukrainian, Washington, Ukraine, Kyiv

☆ One of Russia's allies says it is quitting Putin's rival to NATO, in the latest snub to the Kremlin
▼ + stars: | 2024-06-13 | by ( Mia Jankowicz | Sinéad Baker | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA key Russian ally said it's quitting the Collective Security Treaty Organization, a group widely considered to be President Vladimir Putin's answer to NATO. The prime minister told lawmakers: "We will leave. Related storiesTensions have heightened between Russia and Armenia since Putin's full-scale invasion of Ukraine, which Pashinyan has refused to endorse on multiple occasions. Frankopan said the latest development may not end with Armenia leaving the CSTO if negotiations take place.

Persons: —, it's, Vladimir Putin's, Nikol Pashinyan, he'd, Pashinyan, Putin, Pashinyan's, Dmitry Peskov, Peter Frankopan, Frankopan Organizations: Service, Security, Organization, NATO, Armenian, Associated Press, Business, AP, Kremlin, Oxford University, West . Relations, Ukraine —, Azerbaijan, International Criminal Locations: Russian, Russia, Moscow, Armenia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan, Ukraine, Balkans, Azerbaijan

☆ Ukraine is finally getting to hit Russia hard with its 'wonder-weapons,' and that's turning the tide of the war: military expert
▼ + stars: | 2024-06-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewLetting Ukraine attack Russian military targets directly with its "wonder-weapons" is beginning to turn the tide of the war in Kyiv's favor, says a retired UK colonel. AdvertisementLast month, Politico reported that the Biden administration had given Ukraine its permission to use US-provided weapons on Russian targets in Kharkiv. AdvertisementThe recent turn of events, de Bretton-Gordon said, wasn't something that Russia could simply withstand by relying on attritional warfare. Last month, Russian leader Vladimir Putin hinted that European countries who'd encouraged Ukraine to attack Russia directly could face reprisals. Representatives for Ukraine's and Russia's defense ministries didn't immediately respond to requests for comment from BI sent outside regular business hours.

Persons: —, Hamish de Bretton, Gordon, Bretton, Biden, de Bretton, Vladimir Putin, who'd, Putin, didn't Organizations: Service, The, Business, British Army, Nuclear, Politico, Kharkiv ., Washington, NATO, Ukraine's, BI Locations: Russian, Kyiv's, Ukraine, United States, Russia, Kharkiv, Kharkiv . Russian, Taganrog, Europe

☆ Ukraine's big strike on Crimea shows how its older missiles can take out Russia's most advanced air defenses
▼ + stars: | 2024-06-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Read previewUkraine's latest claimed strike on Crimea is likely another example of how its older, Western-supplied missiles can foil even Russia's most advanced air-defense systems. Rybar, an influential Russian military blogger, said on Monday that Ukraine had attacked Crimea with at least 12 ATACMS missiles. AdvertisementThe S-400 is Russia's most advanced air defense system. Ukraine said none of its missiles were downed in the attack, while mocking Russia's descriptions of its own air defenses. "None of our missiles fired were intercepted by the enemy's 'highly effective' air defense," Ukraine's General Staff said.

Persons: —, Rajan Menon, DIMITAR DILKOFF, Ian Williams, Fredrik Mertens, Maxim Shemetov, George Barros, Philip Karber Organizations: Service, Ukraine's, Staff, Business, Washington, for, Defense, Getty, US, UK Ministry of Defence, Russian Telegram, Missile Defense, Center for Strategic, International Studies, Storm, Hague, Strategic Studies, REUTERS, Institute for Locations: Crimea, Russian, Russia, Ukraine, AFP, France, Ukrainian, Moscow, Russian Kerch

☆ Ukraine's Azov Brigade, a unit with a controversial past, can now use American weapons to fight the Russians
▼ + stars: | 2024-06-12 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Read previewThe US State Department announced Monday that it has lifted a ban on the Azov Brigade, a former Ukrainian militia group with an ultranationalist history, allowing the current National Guard unit to receive American weapon shipments and training. A State Department spokesperson told BBC on Tuesday that following a vetting of the brigade, there was "no evidence of gross violations of human rights." Related storiesNow known as the Azov Brigade, the unit became part of the Ukrainian National Guard in 2015. AdvertisementThe State Department has dismissed the congressional ban and said the Azov Brigade "passed Leahy vetting," referring to Leahy Law, which prevents the US from supporting foreign entities that have committed major human rights violations. The Azov Brigade has claimed that it has evolved from its problematic past and that its leadership has changed since its inception.

Persons: —, Leahy, Dmytro Kozatski, Ruslan Muzychuk, Vladimir Putin Organizations: Service, US State Department, Azov Brigade, National Guard, State Department, BBC, Business, Azov Battalion, Ukrainian National Guard, Department, Leahy Law, Azov Special Forces Regiment, Ukrainian National Guard Press, Washington Post Locations: Ukrainian, Ukraine, Mariupol, United States

☆ The Russian submarine that just showed up off Cuba is one of a new class of subs that has worried the US and NATO for years
▼ + stars: | 2024-06-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

AdvertisementThe Russian Yasen-class nuclear-powered submarine Kazan off the Arctic coast in 2021. Lev Fedoseyev\TASS via Getty ImagesThe shift in capability with the emergence of the Yasen-M class submarines suggested a change in use. A US naval intelligence official previously said that the Russian subs are "holding the United States at risk in some of their patrol areas." AdvertisementThe Russian nuclear-powered submarine Kazan, part of the Russian naval detachment visiting Cuba, arrived at Havana's harbor Wednesday. In the past, NATO officials have flagged the Yasen-class submarines as "one of the big strategic challenges" the alliance faces.

Persons: —, Gorshkov, Lev Fedoseyev, Glen VanHerck, YAMIL LAGE Organizations: Service, Kazan, Western, Business, NATO, Getty, Naval Sea Systems Command, Royal United Services Institute, US Air Force, US Northern Command, North American Aerospace Defense Command, Russian Locations: Cuba, Kazan, Caribbean, United States, Russia, Havana's, AFP, Ukraine

☆ Russia had a golden opportunity to open a new front in Ukraine but is squandering it, military experts say
▼ + stars: | 2024-06-11 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +8 min

Read previewRussia is fumbling a golden opportunity in Ukraine as its latest offensive stalls, experts told Business Insider. The monthslong Republican delay over a new tranche of US military aid had left Ukrainian forces desperately short of ammo and equipment. AdvertisementBut it's likely Putin had other goals — and he may have succeeded in some of them, Bury told BI. Even so, it looks like Russian forces were quickly overextended and poorly protected, The Telegraph reported. "The Kharkiv offensive, even if it wasn't what the Russians have hoped for, ultimately in many ways it served its purpose," said Reynolds.

Persons: —, John Kirby, Patrick Bury, Vladimir Putin, readying, Jake Epstein, Chasiv Yar, Putin, Ann Marie Dailey, it's, Bury, Rob Lee, Nick Reynolds, Volodymyr Zelenskyy, Dailey, Putin's, Joe Biden —, Reynolds, Russia's Organizations: Service, White House National Security Communications, Business, UK's University of Bath, Republican, of Defence, BBC, Washington Post, RAND, Policy, Telegraph, Royal United Services Institute, for, Kyiv Post, Bury, Politico, Kharkiv, Russia's Kharkiv Locations: Ukraine, Kharkiv, Russia, Ukrainian, Vovchansk, Russian, Belgorod, Kyiv, Ukraine's, Sumy

☆ Ukraine says deep drone strike destroys rare Russian Su-57 stealth fighter
▼ + stars: | 2024-06-10 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

CNN —Ukraine’s military on Sunday said it had destroyed one of Russia’s newest and most advanced fighter jets in a drone strike on a military base deep inside Russia. Ukrainian forces said they successfully destroyed one of Russia's most advanced combat jets, SU-57, in a drone strike on a military base deep inside Russia. Flight Global’s “World Air Forces 2024” directory lists 14 Su-57s as active and another 62 as on order. TASS reported in 2022 that Russian forces will receive a total of 22 Su-57s by the end of this year. If the reports of the Ukrainian drone strike deep inside Russia prove true, it marks another success of Kyiv’s low-cost drones taking out high-value Russian assets.

Persons: CNN —, Sukhoi Su, ”, Oleg Nikishin, Sergey Shoigu, Su, ” Shoigu, GUR, Jill Dougherty, “, ” Dougherty Organizations: CNN, NATO, Air, Russian, Ukrainian, Ukraine, TASS, Air Forces, Russian Aerospace Forces, Foreign Policy Research Institute, Institute for Locations: Russia, Astrakhan, Ukraine, Western, Zhukovskiy, Syria, Russian, Moscow

☆ The boss of Russia's biggest bank said the country's economy is 'definitely and strongly overheated'
▼ + stars: | 2024-06-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Russia's economy is "definitely and strongly overheated," said Sberbank CEO Herman Gref. Gref said it's "impossible" to exceed the current production capacity, which is at 84%. Russia's sanctions-hit economy grew 3.6% GDP last year, driven by wartime activities. Herman Gref, the CEO of Sberbank — Russia's largest bank by assets value — said the country's economy is "definitely and strongly overheated," TASS state news agency reported on Tuesday. Gref, who was speaking in parliament, said production capacity was at a historically high level of 84%.

Persons: Herman Gref, Gref, —, Sberbank Organizations: Service, TASS, Business Locations: Ukraine

☆ D-Day invasion veteran calls Ukraine's Zelenskyy a 'savior of the people' at an 80th anniversary event in Normandy
▼ + stars: | 2024-06-06 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

A D-Day veteran and Ukraine's president Zelenskyy shared a moment at the 80th anniversary event in Normandy. The veteran called Zelenskyy a "savior of the people" and told him he prays for him. AdvertisementAt an event commemorating the 80th anniversary of the D-Day invasion, a veteran shared a moment with Ukrainian President Volodymyr Zelenskyy. In the video, shared online during Thursday's anniversary event in Normandy, France, the veteran and Zelenskyy shook hands and shared a hug. President Zelenskyy salutes a World War II veteran during the event commemorating the 80th anniversary of the Allied landings in Normandy.pic.twitter.com/K2pHyjYftt — UNITED24 Media (@United24media) June 6, 2024"You're the savior of the people," the veteran said, telling Zelenskyy it brings tears to his eyes.

Persons: Zelenskyy, —, Volodymyr Zelenskyy, Emmanuel Macron, Joe Biden, Macron, Biden Organizations: Service, Business, UNITED24, Omaha Beach, Western Locations: Normandy, Ukraine, France, Normandy.pic.twitter.com, Europe, Nazi Germany

☆ 2 war experts say British armor has the same production flaw that contributed to Nazi Germany's downfall
▼ + stars: | 2024-06-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

This was the same problem that partially brought Nazi Germany to its knees, wrote Hamish de Bretton-Gordon and James Holland in a commentary published on Wednesday by The Telegraph. They recalled how Nazi Germany had obsessed over the quality of its tanks, chiefly the King Tiger, but meanwhile only managed to produce less than 500 of them. AdvertisementIn total, Nazi Germany built just under 50,000 tanks during the war, while the US built over 100,000. The sheer numbers made a difference in World War II, and they'll make a difference now, de Bretton-Gordon and Holland wrote. Russia's mass-production gameIn June 2023, de Bretton-Gordon praised British armor for its quality in his commentary on the war in Ukraine.

Persons: —, Hamish de Bretton, Gordon, James Holland, de Bretton, Holland, that's, King Tiger, Sherman, Bretton, Rishi Sunak, Volodymyr Zelenskuy, Andrew Matthews, what's, laud Organizations: Service, British Army, The Telegraph, Business, CBRN, Nuclear Regiment, Gordon, Soviet Union, Challenger, UK Defense, 1st Royal Tank Regiment, Russia's Locations: Britain, Nazi Germany, Holland, Germany, Soviet Union, Kursk, Lulworth , Dorset, England, Ukraine, Russia, China, British, Moscow

☆ EU elections kick off against a backdrop of China disputes, 'greenlash' and possible Trump return
▼ + stars: | 2024-06-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

Laurie Dieffembacq | Afp | Getty ImagesThe political makeup of the European Union is about to change with voters across the 27 member states heading to the polls from Thursday until Sunday. Trump has previously remarked that he would not protect NATO countries from Russian attacks if they lag on their membership payments. Green pledgesIn the wake of the 2019 EU elections, the bloc claimed it was the global champion on a climate-friendly agenda. "This could include more support for nuclear power or even support fracking for cheaper and more reliable gas," they added. "An even larger Eurosceptic representation is also likely to weigh against bold reforms which could make enlargement difficult," the analysts said.

Persons: Hadja, Laurie Dieffembacq, Joe Biden, Donald Trump, Biden, Trump, Green, Giorgia, There's Organizations: Belgian, Afp, Getty, European, CNBC, U.S . European Union, U.S, EU, NATO, European Commission, Citi, Bloomberg, European Union Locations: European Union, Europe, U.S, Ukraine, China, Brussels, Beijing, Italy, Rome, Kyiv

☆ NATO is finally giving Ukraine a shot at repelling Russia's destructive glide-bomb attacks on a major city
▼ + stars: | 2024-06-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Western positions on this issue have softened in the wake of Russia's ongoing offensive in the northeastern Kharkiv region, which began last month. AdvertisementUkrainian gunners firing at Russian positions in the Kharkiv region. AdvertisementGunners from Ukraine's 43rd Separate Mechanized Brigade fire at a Russian position in the Kharkiv region in April. Ukraine can only conduct cross-border strikes in Russian territory right around the Kharkiv region, and it is still barred from conducting longer-range strikes with its most powerful US-provided missiles. "That's exactly what we're doing in response to what we've now seen in and around the Kharkiv region," Blinken told reporters.

Persons: —, Vladimir Putin, Stepanov, Ukraine's, Matthew Savill, ANATOLII STEPANOV, Biden, John Kirby, Kirby, it's, Serhii, Antony Blinken, what's, we've, Blinken, we'll Organizations: Service, NATO, Business, Getty, Institute for, Kharkiv City, Gunners, Mechanized Brigade, National Security, MGM, Tactical Missile Systems, Artillery Locations: Ukraine, Russia, Kyiv, Kharkiv, Moscow, AFP, Western, Russia's, Ukrainian, Russian, RUSI, Ukraine's, Washington, Prague, Belgorod

☆ Ukraine says China is in Russia's pocket. It may be the other way around.
▼ + stars: | 2024-06-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewAt the Shangri-La conference in Singapore on Sunday, Ukraine's President Volodymyr Zelenskyy accused China of doing Russia's bidding in seeking to disrupt a peace conference scheduled for June. "Regrettably this is unfortunate that such a big independent powerful country as China is an instrument in the hands of [Russian President Vladimir] Putin," said Zelenskyy of China, whose economy is vastly bigger than Russia's. Zelenskyy's remarks highlight the increasing interdependence between China and Russia in the wake of Russia's 2022 Ukraine invasion. It's bad news for Russia's President Putin, with the Russian gas industry having been badly impacted by sanctions and increasingly dependent on exports to non-Western countries, notably China. AdvertisementIf Xi comes out of the Ukraine war with little to show, then his credibility and bid to assert China as the world's major power will be seriously dented.

Persons: —, Volodymyr Zelenskyy, Vladimir, Putin, Xi Jinping, Xi, he's Organizations: Service, Business, Financial, Russia's, Central Asian Republics Locations: Singapore, China, Russia, Ukraine

☆ OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
▼ + stars: | 2024-06-02 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

The prominent OPEC+ oil producers' alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact on the energy demand landscape, according to Saudi Arabia's energy minister. The production strategy decisions come at a time when OPEC's own forecasts show a 2.25 million barrel-per-day increase in demand, according to the Monthly Oil Market Report of May. Energy costs spiked worldwide in the wake of Russia's full-fledged invasion of Ukraine, aggravating the economic downturn that followed the Covid-19 pandemic. Global institutions have previously mentioned energy prices as underpinning inflationary concerns. In turn, the piled-on inflation has muzzled oil demand.

Persons: Prince Abdulaziz bin Salman, — Organizations: Organization of, Petroleum, Monthly Locations: OPEC, Saudi, China, Ukraine

☆ Germany's Carsten Breuer says Ukraine conflict is a war of attrition
▼ + stars: | 2024-06-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUkraine conflict is a war of attrition in the face of Russia's 'pure aggression': German defense chiefGermany's chief of defense, Carsten Breuer, says Russian President Vladimir Putin is still focused on his war against Ukraine, emphasizing that the West must continue to support Kyiv.

Persons: Carsten Breuer, Vladimir Putin Organizations: Kyiv Locations: Ukraine

☆ Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say
▼ + stars: | 2024-05-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

Thomas Coex | Afp | Getty ImagesThe oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts told CNBC, even as focus shifts from Middle East tensions to summer demand. OPEC+ producers are currently implementing a combined 5.86 million barrels per day of supply cuts. And then August is the peak month for tightness," Viktor Katona, lead crude analyst at Kpler, told CNBC. "However, I think that the market right now has priced in a full extension of the voluntary cuts. A high-inflation environment and tight monetary policy in turn reined in oil demand, but central banks have signaled readiness to lower interest rates in the second half of the year.

Persons: Thomas Coex, Viktor Katona, overproducers, Jorge Leon, Yemen's, Tamas Varga Organizations: Organization of, Petroleum, Afp, Getty, CNBC, Energy, Market Research, PVM Oil Associates, United Arab Emirates Locations: OPEC, Vienna, China, Iraq, Kazakhstan, Paris, Ukraine, Gaza, Red, Saudi Arabia, Russia, Guyana, Brazil, Canada

☆ A new Howitzer ammo plant nearly doubles US production, but it's still not nearly enough to match Russia's output
▼ + stars: | 2024-05-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewThe US has opened a new factory for Howitzer ammo near Dallas, which aims to pump out 30,000 of the 155mm shells a month as the Ukraine war chews through Western stocks. The new facility at max capacity would bump total production to 66,000 shells a month for the US. Kofman told the outlet that while the Mesquite plant would be important for long-term production, Russia would likely still be producing more ammo than the West even if the US hits its 2025 goal. The US and Europe have sent Ukraine more than 3 million 155mm artillery shells since the war began. With Washington and its allies expected to produce about 1.3 million rounds in 2024, that would be about a third of Russia's forecast capacity at triple the cost.

Persons: —, John Ismay, Ismay, Michael Kofman, That's, Kofman, Doug Bush Organizations: Service, General Dynamics, The New York Times, Business, Texas, US Army, CNN, Kyiv, Carnegie Endowment, International, European Union, Sky News, Bain & Company, Washington, Press, Pentagon Locations: Dallas, Ukraine, Mesquite , Texas, The, Pennsylvania, Moscow, Kyiv . Washington, Israel, Europe, Russia, Mesquite, Kyiv

☆ A major ammo supplier to Ukraine says poor quality parts are impacting half the shells it's trying to deliver
▼ + stars: | 2024-05-30 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCentral Europe's largest ammunition supplier said that quality and cost issues meant that half of the shells it's sourcing for Ukraine can't be sent directly to the country, according to the Financial Times. In January, NATO Secretary General Jens Stoltenberg said that the war in Ukraine had "become a battle for ammunition." Ukraine has been forced to limit itself to firing 2,000 shells per day for much of this year, Ukrainian President Volodymyr Zelenskyy said. AdvertisementAnd it's only been since mid-May that its forces have started to breathe more easily over their ability to expend shells, Zelenskyy said.

Persons: —, Michal Strnad, Strnad, Strnad's, Jens Stoltenberg, Sinéad Baker, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, Financial Times, Czechoslovak Group, Business, CSG, Radio Free, NATO, Reuters Locations: Ukraine, Czech, Asia, Africa, Prague, Russia

☆ Former World Bank executive on how to close the global gender finance gap
▼ + stars: | 2024-05-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Against this backdrop, Mary Ellen Iskenderian of Women's World Banking decided to jump in to help. Women's World Banking has focused much of its research on Ukrainian refugees, in particular, since they have overwhelmingly been women and their dependents, given the country's conscription requirements. "There's a tremendous opportunity with blockchain, finance, and digital ID," Iskenderian said. The World Bank estimates that 850 million people globally don't have proof of legal identity — that is, no birth certificate, passport, driver's license, or national ID. World Bank survey data has found that in low-income countries, 44% of women do not have an ID, versus 28% of men.

Persons: Mary Ellen Iskenderian, We've, Iskenderian Organizations: Banking, Bank, CNBC Locations: Ukraine, Ukrainian, masse

☆ Polish official claims the US told Russia it would strike Russian targets in Ukraine if Putin used nuclear weapons
▼ + stars: | 2024-05-27 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

A Polish official said the US told Russia it would strike Russian targets in Ukraine if Putin used a nuke. Former Russian President Dmitry Medvedev said such US strikes would result in a "world war." Putin has regularly issued nuclear threats since Russia launched its full-scale invasion of Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPoland's foreign minister said the US had told Russia that it would strike Russian targets in Ukraine if Putin were to use nuclear weapons.

Persons: Putin, Dmitry Medvedev, —, Radosław Sikorski Organizations: Service, Guardian, Business Locations: Russia, Ukraine

☆ A way to play the global nuclear power renaissance from Morgan Stanley
▼ + stars: | 2024-05-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

But the company also has an underappreciated growth story as an attractive "pick-and-shovels" way to play the nuclear renaissance theme, Morgan Stanley analysts led by Kristine Liwag told clients in a research note Thursday. Curtiss-Wright builds a crucial reactor coolant pump for Westinghouse's third-generation AP1000 nuclear plants and there's growing interest in these builds in Europe in particular. Talk of a nuclear renaissance 15 years ago fizzled due to the political emphasis on renewables and competitively priced alternatives, the Morgan Stanley analysts said. Modernization of current nuclear plants in the U.S. is a $7 billion opportunity through 2050, according to Curtiss-Wright management. In a bull case, Curtiss-Wright could realize $4.9 billion in revenue through 2050 on AP1000 builds, Morgan Stanley estimates.

Persons: Morgan Stanley, Wright, Kristine Liwag, Morgan Stanley's Organizations: Curtiss, Westinghouse Locations: Europe, Japan, Ukraine, Curtiss, Wight, U.S, Canada, South Korea

☆ Russia's pulling combat forces from another continent to fuel its latest offensive push in Ukraine, Western intel says
▼ + stars: | 2024-05-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewRussia has moved some combat forces from Africa to help support its latest offensive efforts in northeastern Ukraine, according to a new Western intelligence assessment. The Russian defense ministry created the Africa Corps last year as a way to expand its footprint on the continent and also in the Middle East. Photo by Kostiantyn Liberov/Libkos/Getty ImagesRussia's defense ministry "almost certainly redeployed detachments from the Africa Corps to the Ukrainian border during April 2024 in preparation for this offensive," the defense ministry said. Other Africa Corps detachments are believed to have deployed to Syria, Libya, Burkina Faso, and Niger, the UK said. French Army via APThe recent deployment of certain Africa Corps units to the Kharkiv region appears to underscore Russia's commitment to its new offensive.

Persons: —, Wagner, Kostiantyn Liberov, Yevgeny Prigozhin, Volodymyr Zelenskyy Organizations: Service, Africa Corps, Business, Nazi, French Army, AP, Libkos, Staff of, Armed Forces, Facebook Locations: Russia, Africa, Ukraine, Moscow, Vovchansk, Ukraine's Kharkiv, Kharkiv, Ukrainian, Syria, Libya, Burkina Faso, Niger, Mali

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