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☆ Russia is getting a million artillery shells from North Korea, Zelenskyy says, as Ukraine struggles for supplies from its own allies
▼ + stars: | 2024-02-02 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

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

☆ Russia is getting a million artillery shells from North Korea, Zelenskyy says, as Ukraine struggles for supplies
▼ + stars: | 2024-02-02 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

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

REUTERS/Maxim Shemetov/Illustration/File Photo Acquire Licensing RightsSummaryCompanies Russian rouble climbs to over 2-week high vs dollarMove comes after Putin reimposes currency controlsRouble had slumped to over 18-month low this weekAnalysts expect rouble to firm more in coming weeksOct 12 (Reuters) - Russia's rouble leapt against the U.S. dollar on Thursday after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress the currency. The rouble collapsed to a record low in the weeks after Russia invaded Ukraine last year, before Moscow imposed similar capital controls that saw it recover to a seven-year high. Kogan warned, however, that by 2025-2026 businesses would form plans based on a rouble rate of 100-105. The central bank endorsed the measures, a shift in its stance, after it previously warned of the inefficiency of currency controls. "The rouble is even less tradable for foreign investors after Russia re-imposed some capital controls," Piotr Matys, senior FX analyst at In Touch Capital Markets.

Persons: Maxim Shemetov, Putin, Rouble, rouble, Vladimir Putin, Yevgeny Kogan, Kogan, Gref, Andrei Belousov, Piotr Matys, Dmitry Polevoy, Brent, Alexander Marrow, Amruta, Robert Birsel, Mark Potter, Varun, Alexander Smith Organizations: REUTERS, U.S, Russia's Higher, of Economics, TASS, Wednesday, Bank of Russia, FX, Touch, Thomson Locations: Moscow, Russia, Ukraine, outflows, Locko, Bangalore

An employee counts Russian 1000-rouble banknotes in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 10 (Reuters) - The Russian rouble dived towards a more than an 18-month low on Tuesday before paring most losses in a volatile session, under pressure from domestic demand for foreign currency and a drop in oil prices. By 1034 GMT, the rouble was 0.3% weaker against the dollar at 99.63 . It had lost 0.8% to trade at 105.55 versus the euro and shed 0.4% against the yuan to 13.64 . "The bank may show a record profit of 1.5 trillion roubles for the year."

Persons: Maxim Shemetov, Sber, Yevgeny Kogan, Alexander Marrow, Ed Osmond, Gareth Jones Organizations: REUTERS, Bank of Russia, Russia's Higher, of Economics, Thomson Locations: Moscow, Russia, Russian, Brent

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