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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
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
CNN —Armenia will leave a Russia-led military alliance, Prime Minister Nikol Pashinyan confirmed Wednesday, accusing members of the bloc of plotting with bitter rival Azerbaijan to start a war against them. Since the collapse of the Soviet Union, Armenia and Azerbaijan have fought two wars over the breakaway Nagorno-Karabakh region, which Azerbaijan reclaimed in full by force in September. Russia has traditionally allied with Armenia, but their relations have soured in recent months while Moscow’s ties to Azerbaijan have deepened. Pashinyan confirmed to lawmakers that Armenia will withdraw from the Russia-led military alliance. Azerbaijan has also demanded that Armenia change its constitution to remove a reference to Karabakh independence, but Pashinyan has so far resisted the calls.
Persons: Nikol Pashinyan, Pashinyan, ” Pashinyan, Karen Minasyan, , , Vladimir Putin, Pashinyan –, Azerbaijan –, Ilham Aliyev, Armenpress, Bagrat Galstanyan, ” Galstanyan Organizations: CNN, Security, Organization, European Union, Getty, AFP Locations: Armenia, Russia, Azerbaijan, Moscow, United States, Soviet Union, Karabakh, Yerevan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Soviet, AFP, Nagorno, Aliyev
New US sanctions against Russia have caused an immediate suspension of trading in dollars and euros on the country’s leading financial marketplace, the Moscow Exchange. “Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlements of deliverable instruments in US dollars and euros are suspended,” the central bank said. The move means banks, companies and investors will no longer be able to trade either currency via a central exchange, which offers advantages such as better liquidity and oversight. The central bank said it would use data from those trades to set official exchange rates. The central bank reassured people these deposits were secure.
Persons: MOEX Organizations: Moscow Exchange, Moscow Exchange Group, , Reuters, Moscow, Norvik Bank, Tsifra Bank, US Treasury, Investments, Forbes Russia, MOEX, Clearing Locations: Russia, Moscow, Russian, Washington, Ukraine, United States, Beijing,
Read previewA Russian warship docked off the coast of Cuba can carry advanced strike capabilities, specifically new hypersonic missiles. The Russian frigate Admiral Gorshkov arrived in Cuba on Wednesday ahead of a Caribbean air and maritime exercise after conducting drills in the Atlantic earlier in the week. Russian navy frigate Admiral Gorshkov launching a Zircon hypersonic missile in White Sea, Russia, on July 19, 2021. Hypersonic missiles are fast, highly maneuverable, and fly unpredictable flight paths and patterns that can make intercepting them extremely difficult. Russian navy frigate Admiral Gorshkov docked in the port in Richards Bay, South Africa on February 22, 2023.
Persons: , Admiral Gorshkov, Gorshkov, Goshkov, Putin, GUILLEM SARTORIO Organizations: Service, Kremlin, Business, NATO —, Russian Defense Ministry Press Service, AP, Russia's Defense Ministry, Getty, DF, ZF Locations: Cuba, Russian, Sea, Russia, Richards Bay , South Africa, AFP, China, Japan
Russia's Moscow Exchange halted dollar and euro trading on Thursday. AdvertisementRussia's central exchange has barred dollar and euro trading, spelling an end to a market that's been open since the Cold War. Trades were halted Thursday on the Moscow Exchange after it became one of many targets of an expansive new US sanctions package. The latest sanctions are part of a US effort to sever Russia from foreign financial support, taking aim at virtually any global lender that transacts with Moscow. Last month, the yuan made up over half of foreign currency trades in Russia, the FT reported.
Persons: That's, , Moex Organizations: Russia's, Russia's Moscow Exchange, US, Service, Clearing Center, Settlement Depository, Financial Times, Bloomberg Locations: Russia's Moscow, Moscow, Russia, Ukraine, Russian, Beijing
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
CNN —Russian prosecutors have sent the espionage case against the jailed American journalist Evan Gershkovich to court, accusing him of spying for the CIA. Gershkovich, the US government and his employer, the Wall Street Journal, have vehemently denied the charges against him. Less than two weeks after his arrest, Gershkovich was designated as wrongfully detained by the US State Department, which called for his immediate release. Ex-Marine Paul Whelan was arrested in 2018 and is also designated as wrongfully detained. Russian-American journalist Alsu Kurmasheva was detained in June 2023, Russian-American ballerina Ksenia Karelina was arrested in January, and American teacher Marc Fogel was arrested in August 2021.
Persons: Evan Gershkovich, General’s, , Gershkovich, “ Gershkovich, Paul Whelan, Alsu Kurmasheva, Ksenia Karelina, Marc Fogel Organizations: CNN, CIA, Wall Street, US State Department Locations: American, Yekaterinburg, Russian, Moscow’s, Russia
Read previewThe US dollar is in a state of "stealth erosion," the International Monetary Fund, or IMF, wrote in a report on Tuesday. This effect masked the shift of central banks and governments out of dollar reserves. Instead, the shares of "non-traditional reserve currencies" have risen, according to the IMF. These include the Australian dollar, Canadian dollar, Chinese renminbi, South Korean won, Singaporean dollar, and Nordic currencies. AdvertisementThe dollar's decline in FX reserves doesn't appear to be about sanctionsThe IMF's report comes amid ongoing discussions about de-dollarization.
Persons: Organizations: Service, International Monetary Fund, Business, US Federal Reserve, IMF, Canadian, South Korean, greenback Locations: Russia, Moscow, Ukraine
Russian prosecutors announced a major step on Thursday in their case against the imprisoned American journalist Evan Gershkovich, saying they had finalized the espionage indictment against him and that he would be tried in the Russian city of Yekaterinburg, where he was arrested more than a year ago. The Russian authorities have suggested that they could be open to a prisoner swap for Mr. Gershkovich, a reporter for The Wall Street Journal, but only after a verdict is handed down. The detention of Mr. Gershkovich, the first American journalist arrested on a spying charge since the end of the Cold War, highlighted the extent to which Russia’s invasion of Ukraine has damaged relations between Moscow and Washington. In a statement, the prosecutors said they had determined and confirmed that “under instructions from the C.I.A.” and “using secrecy methods,” Mr. Gershkovich “was collecting secret information” about a factory that produces tanks and other weapons in the Sverdlovsk region.
Persons: Evan Gershkovich, Gershkovich, Mr, Gershkovich “ Organizations: Wall Street Locations: American, Russian, Yekaterinburg, Ukraine, Moscow, Washington, Sverdlovsk
Mariupol, a port city on the Sea of Azov, was encircled and captured by Russian forces at the start of the full-scale invasion of Ukraine. This included the establishment of ad hoc distribution points for food, water and other basic necessities. They were attacking food distribution points.”There were numerous opportunities for Russian forces to alleviate civilian suffering, he said, but they failed to do so. Ukrainian authorities and some international officials have previously accused Russia of robbing the country of grain and other commodities in areas it occupied. Accusations that Russia is using food as a weapon of war have been mounting ever since the first reports emerged in the spring of 2022 of grain being stolen by Russian troops.
Persons: , Nikolai Osychenko, , Osychenko, Mariupol, Alexei Alexandrov, , Yousuf Syed Khan, Cross, ” Khan, Pavel Klimov, Khan, Vladimir Putin Organizations: CNN, Mobile, Team, Global, International Criminal Court, ICC, EU Commission, Russia’s Ministry of Defense, Mariupol City, Global Rights, International Committee, United Nations, Reuters, Russian Locations: Russia, Mariupol, Ukrainian, Netherlands, United Kingdom, United States, Azov, Russian, Ukraine, Ukraine’s Donetsk Oblast, Mariupol City, , Moscow, Syria, Aleppo City
Read previewForeign financial institutions engaged in Russia's wartime economy are now at greater risk of secondary sanctions, as the Treasury Department's ability to blacklist institutions just got a boost. The update, announced Wednesday, also unveiled fresh sanctions against 300 individuals and entities accused of fueling Moscow's war in Ukraine and helping it circumvent sanctions. "Russia's war economy is deeply isolated from the international financial system, leaving the Kremlin's military desperate for access to the outside world," said Treasury Secretary Janet Yellen said, quoted in the report. The new announcement comes as Russia's wartime activity has kept its economy afloat while its partnership with China has only grown. AdvertisementA handful of stock exchanges in Moscow are also restricted, meant to prevent investors from profiting from Russia's war through defense firms and other corporations.
Persons: , Janet Yellen, that's Organizations: Service, Treasury, Business, United Arab, Financial Times, West Locations: Ukraine, Turkey, United Arab Emirates, Austria, Russia, China, Russian, Moscow
Wednesday's package targeted Chinese companies which help Russia pursue its war in Ukraine and raised the stakes for foreign financial institutions which work with sanctioned Russian entities. Sanctions against Russia, he said, are therefore a "dynamic affair." Wednesday's package targets more than $100 million in trade between Russia and suppliers for its war. More than 300 new sanctions are largely aimed at deterring individuals and companies in countries including China, the United Arab Emirates and Turkey from helping Moscow circumvent Western blocks on obtaining key technology. They also threaten foreign financial institutions with sanctions if they do business with almost any sanctioned Russian entity, underscoring the U.S. view that the Kremlin has pivoted the Russian economy on to a war footing.
Persons: Putin, Aaron Forsberg Organizations: Russia Wednesday, State, Economic, Associated Press, Russia, United Arab Locations: States, Italy, Ukraine, Russia, U.S, Moscow, China, United Arab Emirates, Turkey
The Russian nuclear-powered submarine Kazan (L) and the class frigate Admiral Gorshkov, part of the Russian naval detachment visiting Cuba, arrive at Havana's harbour, June 12, 2024. Russian navy ships churned into Havana harbor on Wednesday, a stopover the U.S. and Cuba said posed no threat but which was widely seen as a Russian show of force as tensions rise over the Ukraine war. Cuba said last week that the visit was standard practice by naval vessels from countries friendly to Havana. "At no point have the ships or submarine posed a direct threat to the United States." "The visiting Russian warships are Putin's way of reminding Biden that Moscow can challenge Washington in its own sphere of influence," Leogrande said.
Persons: Gorshkov, Nikolay Chiker, Biden, Russia —, William Leogrande, Leogrande Organizations: U.S, Reuters, U.S . Naval Air Station, Russia, American University, Washington Locations: Russian, Cuba, Havana's, Havana, Ukraine, United States, Key West , Florida, Moscow
CNN —A group of Russian Navy ships, including a nuclear-powered submarine, arrived in Cuba on Wednesday morning in a sign of strengthening ties between the two Cold War allies. The four Russian ships are now docked in berths usually occupied by cruise ships. The US has also deployed air assets, including a P-8 Poseidon reconnaissance plane, to circle overhead the Russian vessels. The rescue and tugboat Nicolay Chiker, part of the Russian naval detachment visiting Cuba, arrives at Havana's harbour, June 12, 2024. According to a Cuban Armed Forces Ministry statement, none of the Russian ships are armed with nuclear weapons.
Persons: Gorshkov –, Gorshkov, Adalberto Roque, Donald Cook, Joe Biden, Nicolay Chiker, , weathers Organizations: CNN, Russian Navy, Military, Kazan, Getty Images, Russian Ministry of Defense, Russian MOD, US Navy, Coast Guard, US, Pentagon, State Department, Russian, Cuba’s Foreign, Cuban Armed Forces Ministry, Soviet Union, Cuban Missile Locations: Cuba, Russian, Havana, Spanish, Kazan, Florida, Russia, Ukraine, Havana's, AFP, Caribbean, Canada, Washington, Moscow
Trump has dismissed the claims as a "pile of garbage," saying that the Steele dossier contained numerous inaccuracies and breached his rights under the Data Protection Act. Related storiesNeither the Trump campaign nor Trump's office responded to a request for comment. Neither the Trump campaign nor Trump's office immediately responded to Business Insider's request for comment. AdvertisementThe Steele dossier consisted of 16 separate reports that total 35 pages. It was leaked to and published by BuzzFeed in 2017 and alleged collusion between Donald Trump's campaign and Russia.
Persons: , Donald Trump, Christopher Steele, Hillary Clinton, Trump, Steele, — Christopher Steele, Stormy Daniels, BuzzFeed, Donald Trump's, Clinton Organizations: Service, British, Court, Sky News, Democratic National Convention, Business, Trump, Ritz, Carlton, Data, Orbis Business Intelligence, English Locations: British, Russia, Moscow
Opinion | America Isn’t Leading the World
  + stars: | 2024-06-11 | by ( Stephen Wertheim | ) www.nytimes.com   time to read: +2 min
After four years of Donald Trump, Joe Biden was supposed to restore the United States to a position of global leadership. Yet there is more to global leadership than backing friends and beating back foes. After decades of dubious warmaking, the United States would become the global good guy again, uniting the world to resist the Kremlin’s blatant affront to law and order. The United States now must contend with an aggrieved and unpredictable nuclear peer in Moscow. The United States is not outmatched, exactly.
Persons: Donald Trump, Joe Biden, adroitly, Israel, Trump Organizations: Washington, NATO, White House, American entente, Pentagon Locations: United States, Ukraine, Asia, Russia, Washington, Moscow, China, Iran, North Korea, Taiwan
However, one Ukrainian company is building steel screens that can offer the tanks an extra layer of protection. For more than a year and a half, the company has been making protective steel screens for Kyiv's aging T-64 and T-72 tanks. Related VideoJust a few weeks ago, this operation expanded to the Abrams tanks, US-made armor designed and developed during the Cold War to fight the Soviet tank threat. An M1 Abrams tank with protective screens in May. The jury is still out for the Abrams tanks, as they were only recently given the added protection.
Persons: , Abrams, Oleksandr Myronenko, Christian Carrillo, Metinvest, Myronenko, it's Organizations: Service, Abrams, Business, Metinvest, M1A1, US, Spc, Soviet, Bradley Fighting Locations: Ukraine, Ukrainian, Zaporizhzhia, Germany, Russia, Soviet
Read previewRussia has tried to keep its very limited number of Su-57 fighter jets hidden from the war in Ukraine, fearing that a combat loss would be a blow to the aircraft's reputation, according to Western intelligence and aviation experts. AdvertisementThe aircraft first saw combat in Syria in 2018 and was delivered to the Russian military in 2020. Kremlin officials have claimed that the Su-57 has seen combat in Ukraine, although the evidence supporting the claims is extremely limited. A Russian Su-57 fighter jet makes a demonstration flight during the opening of the MAKS-2021 International Aviation and Space Salon in Zhukovsky outside Moscow on July 20, 2021. He said that the strike demonstrates that Ukraine has a "relatively mature low-cost long-range harassment capability" that it can use to strike military bases deep inside Russia.
Persons: , HUR, milbloggers, Su, Sukhoi Su, Alexei Nikolsky, Alexander Zemlianichenko, Justin Bronk, Bronk Organizations: Service, Business, Ukrainian, Directorate of Intelligence, Ministry of Defense, Institute for, NATO, Aviation, Space, AP, Kremlin, Southern Command, Kyiv, Saturday, Space Salon, Royal United Services Institute Locations: Russia, Ukraine, Zhukovsky, Moscow, Sputnik, Syria, Russian, Alexander Zemlianichenko Russian, Kyiv
Sunny Days in Moscow
  + stars: | 2024-06-10 | by ( Nanna Heitmann | ) www.nytimes.com   time to read: +2 min
The Russian invasion of Ukraine has not gone as quickly as the Kremlin once predicted, but a recent visit by a group of military students to a park in Moscow was a much speedier affair. Ukraine had hoped that the vaunted American- and German-made war machines would help turn its fortunes on the battlefield. “The word ‘victory’ is everywhere in Moscow these days,” a New York Times Russia correspondent, Valerie Hopkins, reported recently. The students’ tour came just three days before Russia celebrated Victory Day, which commemorates the Nazi defeat in World War II. It also displays military equipment from the Second World War.
Persons: , Valerie Hopkins, Napoleon, Abrams, Eric Nagourney Organizations: Kremlin, Abrams, Leopard, New York Times, Victory, NATO, Leopards Locations: Ukraine, Moscow, Russia, New York Times Russia, Ukrainian
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
CNN —Conscription, rationing, and subway stations turned into bunkers. For the first time since the Cold War, Germany has updated its plans should conflict erupt in Europe, with ministers citing the threat posed by Russia. It also outlines civil protection measures including transforming underground stations into makeshift bunkers and preparing hospitals for an influx of patients. Unveiling the plans, German Interior Minister Nancy Faeser said it was necessary for her country to arm itself better in the face of Russian aggression. ‘Ready for war by 2029’Germany’s updated wartime plans come as Russian President Vladimir Putin presents an ongoing security threat to Europe.
Persons: Nancy Faeser, , , Vladimir Putin, Pistorius, Der Spiegel, ” Pistorius, Putin, Ben Wallace Organizations: CNN, Overall Defense, German, NATO, Deutsche Welle, UK, Wednesday Locations: Germany, Europe, Russia, Ukraine, , Baltic, Britain, Moscow
The Sukhoi Su-57 jet fighter at the MAKS-2019 Moscow International Airshow near Zhukovsky, southeast of Moscow. Ukrainian forces have for the first time hit a latest-generation Russian Sukhoi Su-57 fighter jet at an air base inside Russia, Kyiv's GUR defense intelligence agency said on Sunday, showing satellite pictures which it said confirmed the strike. In a Telegram post, the GUR did not specify how the Su-57 was hit or by which unit of the Ukrainian military. Russian blogger Fighterbomber said the jet fighter was struck by shrapnel and the damage was currently being assessed to see if the aircraft could be repaired. It is a heavy fighter jet capable of fulfilling a variety of battlefield roles.
Persons: Sukhoi Su, Kyiv's GUR, GUR, Fighterbomber, Alexander Kharchenko Organizations: Sukhoi, RIA Locations: Zhukovsky, Moscow, Russia, Russian, Ukraine
For much of the war, Ukraine has been constrained when it comes to using powerful Western weapons against Russia. Kostiantyn Liberov/Libkos/Getty ImagesNortheast of Kharkiv, Russian forces continue to maintain a foothold in the town of Vovchansk. But “most of the city is under the control of the Ukrainian Defense Forces” Voloshyn told CNN. Further south along the eastern front line, Russians have made advances to the west of the city of Avdiivka which fell to Russian forces in February. Western weapons and a new push to draft more soldiers in to the Ukrainian military could give Ukraine the boost it needs.
Persons: Kyiv’s, Russia hasn’t, Defense Lloyd Austin, CNN’s Wolf, Valentyn Ogirenko, Yehor Cherniev, , Moscow’s, Kostiantyn, Nazar Voloshyn, Ukrainian Defense Forces ” Voloshyn, Yurii Fedorenko, HRMMU, Chasiv Yar, Organizations: CNN, Ukraine’s Security, US, , Defense, Ukrainian, National Security, Intelligence, HIMARS, Russian, Kharkiv –, Ukrainian Defense Forces, , , 92nd Separate Mechanized Brigade, UN, Rights, NATO Locations: Ukraine, Kherson, Moscow, Russia, Kharkiv, France, Germany, , Russian, Hlyboke, Lyptsi, Ukrainian, Vovchansk, Chuhuiv Raion, Kharkiv Oblast, Donetsk, Luhansk, Chasiv, Avdiivka, Voloshyn
Russia's President Vladimir Putin gestures as he delivers a speech during the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg on June 7, 2024. Russian President Vladimir Putin said Friday that nearly 40% of the country's trade turnover is now in rubles as the share conducted in dollars, euros and other "non-friendly" Western currencies has fallen away. Putin said payments for Russian exports in "so-called 'toxic' currencies of non-friendly states" had halved over the last year. "With that, the share of the ruble in import and export operations is increasing, now standing at almost 40%," Putin said, according to a translation. The West has sought to cut off Russia's $2 trillion economy in response to Moscow's full-scale invasion of Ukraine in February 2022.
Persons: Vladimir Putin, Putin Organizations: Saint Petersburg, Economic, St ., Kremlin, International Monetary Fund, U.S Locations: Saint Petersburg, St, St . Petersburg, Russia, Brazil, India, China, South Africa, Asia, Latin America, Africa, Ukraine, Germany, France, Moscow
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