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☆ Ukraine says it took out one of Russia's supersonic strategic bombers for the first time
▼ + stars: | 2024-04-19 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Ukraine claims to have shot down a Russian Tu-22M3 supersonic bomber in war first. The bomber was on its way to attack Ukraine, said the air forces. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkraine has shot down a Russian Tu-22M3 supersonic bomber for the first time since Russia launched its full-scale invasion of Ukraine, Kyiv's military intelligence said. In a statement released early Friday, the Main Intelligence Directorate of Ukraine (GUR) said it had taken out one of the strategic long-range bombers that had "launched a missile attack against Ukraine on the night of April 19."

Persons: —, GUR Organizations: Service, Main Intelligence, Business Locations: Ukraine, Russian, Russia's Stavropol, Russia

☆ Russia is expected to grow faster than all advanced economies this year
▼ + stars: | 2024-04-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesRussia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. The prediction will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine. In short, Russia has adapted to a "new normal" as its economy has been put on a war footing. The Washington-based IMF includes the U.S., U.K., the euro area's largest economies, Canada and Japan as advanced economies. "If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down.

Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Elvira Nabiullina, Andrey Rudakov Organizations: Evraz Consolidated, Siberian Metallurgical, Bloomberg, Getty, International Monetary Fund, U.S, Sputnik, Afp, IMF, TU, CNBC, World Governments, Bank of Russia, Duma Locations: Evraz Consolidated West, Novokuznetsk, Russia, Germany, France, Ukraine, India, China, Russian, Urals, Nizhny Tagil, Washington, Canada, Japan, Europe, Asia, Kazan, Dubai, Soviet Union, Russia's

☆ Ukraine isn't the only country Russia is trying to topple
▼ + stars: | 2024-04-11 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Even as Russian bombs pound Ukraine, Moscow's mercenaries and spies are busy trying to set much of the rest of the world afire. To Russia, the conventional warfare waged in Ukraine, and unconventional "gray zone" warfare waged around the world, are two sides of the same coin. Human intelligence operations are used to attempt elite capture through the offer of assistance to politicians who support Russian interests. "As the war in Ukraine protracts, Russia has an interest in creating crises further afield," said RUSI. "As a lot of Russia's unconventional operations are self-defeating, countering Russian unconventional warfare must be premised on careful, selective, and intelligence- driven targeting," the study emphasized.

Persons: —, RUSI, Vladimir Putin, Jack Watling, Oleksandr Danylyuk, Nick Reynolds, Britain —, Yevgeny Prigozhin, Putin, Ramzan Kadyrov, Kadyrov, Michael Peck Organizations: Service, Britain's Royal United Services Institute, Business, Kremlin, Soviet Union, NATO, Directorate, Staff of, Armed Forces, Getty, Russian, Central African, Wagner, GRU Expeditionary Corps, Convoy, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russia, Europe, Africa, Central Asia, Soviet, Montenegro, Moscow, Moldova, Russian, Britain, Ukraine protracts, Balkans, Russia's, Libya, Mali, Sudan, Central African Republic, Chechnya, Forbes

☆ Top US general in Europe says Russia has in many ways 'grown back' its military strength to what it was before it invaded Ukraine
▼ + stars: | 2024-04-11 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

Advertisement"They still have as many tanks functioning inside Ukraine as they introduced at the beginning of the war," Cavoli said. The size of Russia's army has exceeded the size it was when it had first invaded Ukraine in 2022. Supreme Allied Commander Europe, General Christopher Cavoli addresses a media conference at NATO headquarters in Brussels, Thursday, Jan. 18, 2024. AdvertisementThe war in Ukraine has left certain elements of the Russian military untouched, and the Russians maintain certain key advantages in industrial, war materiel, and manpower. To stave off Russian forces while waiting for much-needed ammunition and aid, Ukraine has resorted to primarily using drones in combat, but these are no substitute for what Ukraine really needs.

Persons: —, Chris Cavoli, Cavoli, They've, Kurt Campbell's, General Christopher Cavoli, Virginia Mayo Cavoli Organizations: Service, US European Command, Armed, Business, Allied, NATO, AP, Royal United Services Institute Locations: Ukraine, Russia, Brussels, Virginia, London, Kharkiv

☆ Russia says its economy is off to a — mostly — roaring 2024
▼ + stars: | 2024-04-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

The Central Bank of Russia is maintaining a 16% interest rate due to a thriving economy. AdvertisementRussia's economy is running so hot the Central Bank of Russia is holding rates at 16% to keep inflation in check. Even the Russian central bank appeared to be taken aback by how well the economy was doing. Consumer sentiment is also positive and people are increasingly inclined to make large purchases, according to the Russian central bank. On Friday, Russia's central bank said it sees limited options other than the Chinese yuan for its reserves.

Persons: —, Elvira Nabiullina Organizations: Central Bank of Russia, Service, International Monetary Fund Locations: Russian, Ukraine, Russia, Russia's

☆ Why Russian separatists called an exorcist when they discovered a Ukrainian POW was an evangelical Christian
▼ + stars: | 2024-03-29 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Viktor Cherniiavskyi said he was targeted because he was an evangelical Christian. AdvertisementA Ukrainian soldier said he was tortured by Russian separatists and forced to undergo an exorcism , partly because of his evangelical Christian faith. While serving as a volunteer in the city of Luhansk in eastern Ukraine, Cherniiavskyi said he was captured by Russian-aligned forces. Second, because I'm an evangelical Christian. "In reality, Russian society, and the Kremlin, to be more precise, hates any type of Christian denomination, bar the Orthodox Church," Cherniiavskyi said.

Persons: Viktor Cherniiavskyi, —, Cherniiavskyi, Vladimir Putin's, Putin's, NICHOLAS KAMM, Russia's, Pat Buchanan, Buchanan, Putin, Dmytro Smolienko, Pastor Dmitry Bodyu, Bodyu, Mykhailo Brytsyn, Evangelical Christians Melitopol, Pastor Brytsyn Organizations: Russia, Service, Putin's Russia, Getty, Russian Orthodox Church, Boston, Kremlin, Publishing, Atlantic Council, Reuters, Tavriski Christian Institute, Life, Russian, NBC, Dallas, Fort, Grace, Evangelical Christians, Freedom, Washington DC, Religious, Orthodox Locations: Ukrainian, Russian, Russia, Luhansk, Ukraine, Moscow, South Carolina, Crimea, Zaporizhzhia, Kherson, Melitopol, Fort Worth, Washington, Kyiv

☆ War, reforms and a possible successor? Here's what we could see from 6 more years of Putin
▼ + stars: | 2024-03-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Analysts share their views on what we can expect now that Putin has strengthened his grip on power, with the Ukraine war, domestic economic reforms and a possible government reshuffle key factors to watch. Having cleared more of a procedural hurdle than a real test of his policies and popularity in the election, Putin will have more freedom to advance contentious reforms at home, analysts note. Russian President Vladimir Putin delivering an annual address to the Federal Assembly of the Russian Federation, at Moscow's Gostiny Dvor, in Moscow on Feb. 29, 2024. MOSCOW, RUSSIA - JANUARY 8: (RUSSIA OUT) A woman eats hot corn while walking along the Red Square near the Kremlin, as air temperatures dropped to -18 degrees Celcius, January,8 2024, in Moscow, Russia. However, with the dynamics of the war now shifting in Russia's favor, Putin might feel more confident with the reshuffle.

Persons: Vladimir Putin, Natalia Kolesnikova, Vladimir Putin's, Putin, embolden Putin, Liam Peach, Jose Colon, Anton Siluanov, Tursa, Adeline Van Houtte, Donald Trump, Dmitry Peskov, Peach, he's, Sergei Shoigu, Sergei Lavrov, Mikhail Mishustin, Dmitry Medvedev, Gavriil Organizations: Afp, Getty, Kremlin, Commission, Analysts, U.S, Capital Economics, Anadolu, Anadolu Agency, Economist Intelligence Unit, Federal Assembly, Russian Federation, New, Putin, Security Council, Sputnik Locations: Crimea, Red, Moscow, Russia, Russian, Central, Ukraine, Bakhmut, Donetsk Oblast, Eastern Europe, Europe, U.S, Russia's, MOSCOW, RUSSIA

☆ China is on pace to buy a record amount of Russian oil this month
▼ + stars: | 2024-03-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's intake of Russian crude is set to reach a record this month, Kpler data cited by Bloomberg shows. The shift is due to tighter enforcement of Western sanctions, that's diminishing the discount on Russian oil. AdvertisementChinese imports of Russian crude are on course to reach record volumes this month, as Beijing takes over diminishing Indian demand. 1.7 million barrels a day are expected to ship into the country, Bloomberg said, citing Kpler data. That same month, Indian imports of Russian crude fell by 420,000 barrels a day.

Persons: —, India —, Wang Yi, it's, That's, Sovcomflot, Bloomberg Organizations: Bloomberg, Sokol, Service, Foreign, Group Locations: Beijing, India, China, Moscow, Russia

☆ Why the scale of Putin's landslide win matters so much
▼ + stars: | 2024-03-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

As of 7 a.m. Moscow time on Monday, Putin has secured around 87% of the vote in the presidential election. This marks a record win for Putin, who took home 77% of the votes in 2018. His opponents — who are far from Putin's level of clout and influence — were pre-approved by Russia's election commission and posed no serious challenges to the incumbent leader. David Szakonyi, a political science professor at George Washington University, told Business Insider last week that voter turnout is an extremely important metric for Putin. AdvertisementTo be sure, there are other factors at play in Putin's victory besides Russia's strong economy.

Persons: —, Vladimir Putin, Putin, David Szakonyi, Szakonyi, Denis Volkov, Volkov, Alexei Navalny, Josef Stalin Organizations: Service, Business, George Washington University, Putin, Monetary Fund, Levada, New York Times, Times Locations: Moscow, Ukraine, Russia

☆ 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

☆ Ukraine has been a disaster for Russia's troubled army, but the deadlock is shifting things in Moscow's favor, US intelligence says
▼ + stars: | 2024-03-11 | by ( Jake Epstein | ) 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 previewRussia's military has suffered serious damage in the Ukraine war, but after more than two years of hard fighting, the deadlock on the battlefield is shifting the momentum in Moscow's favor, according to a newly released US intelligence assessment. This figure, which is based on information available as of late-January, is much lower than more recent Western estimates. "Nonetheless, this deadlock plays to Russia's strategic military advantages and is increasingly shifting the momentum in Moscow's favor," the report continued. AdvertisementA destroyed Russian tank is seen as Ukrainian serviceman rides a tractor and tows a Russian military vehicle near the village of Dolyna in Ukraine's Kharkiv region in September 2023.

Persons: —, Vladimir Putin, Jose Colon, There's, Gleb Garanich, Diego Herrera Carcedo, Russia's Organizations: Service, Russia, Business, Anadolu, Getty, Russian, intel, REUTERS, Bakhmut, White Locations: Ukraine, Kyiv, Russia, Moscow, Dolyna, Ukraine's Kharkiv, Ukrainian, Avdiivka, Bakhmut, Anadolu, United States

☆ Russian assault forces varied wildly in the battle for Avdiivka, from well-trained to 'just confused,' Ukrainian soldiers say
▼ + stars: | 2024-03-04 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Ukrainian soldiers report inconsistent training and combat abilities in Russian troops. Despite the ineffectiveness of poorly trained troops, these waves can strain Ukrainian defenders. Advertisement"Russian forces likely used poorly trained personnel to carry out mass daily attacks on Ukrainian positions and employed trained personnel with better equipment to assault specific positions after exhausting Ukrainian forces," they said. ISW experts say it's also possible that Russia used "Storm" units, penal units made up of convicts, in Avdiivka. Given that these convicts are poorly trained for battle, experts have also noted they are usually ineffective and these units provide "marginal combat power."

Persons: —, Shultz, it's, Wagner, ISW, 3rd Brigade Mykola Zynkevych's Organizations: Service, Washington Post, 3rd Assault Brigade, National Security, Institute for, 2nd Assault Battalion, 3rd Brigade Locations: Avdiivka, Ukrainian, Russia

☆ Israel may have just torched its relationship with Russia, promising to supply Ukraine with 'early-warning systems'
▼ + stars: | 2024-03-02 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

A spokesperson for Israel's foreign ministry told Business Insider that the system was "not Iron Dome," Israel's most advanced air defense system. Using the system in Ukraine will likely mean that Israel will need to send specialist soldiers to help Ukrainians integrate it. AdvertisementPalestinian Hamas militants are seen during a military show in the Bani Suheila district on July 20, 2017 in Gaza City, Gaza. Meanwhile, Tehran has also been providing Russia with Iranian-made Shahed drones that ahve been used to bombard cities in Ukraine. "Israel will take a more aggressive stance against Russia" from now on, he believed, adding that if the Ukraine war is not over by the time Israel has dealt with its local problem.

Persons: —, Gilad Erdan, Erdan, Israel, Chris McGrath, Bashir al, Israel's, Amir Weitmann, Mikhail Bogdanov, Weitmann Organizations: Service, United Nations, Business, Israel Defense Forces, Getty, Likud Party, Islamic, Russia, Ukraine, RT Locations: Ukraine, Gaza, Israel, Russia, Ukraine's, Bani Suheila, Gaza City, Iran, Assad, Syria, Tehran, Iranian, Israel's, Moscow, Russia's

☆ Russia may be replacing 100 tanks a month — but with older models which 'smacks of absolute desperation,' expert says
▼ + stars: | 2024-02-07 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Russia is generating 100+ tanks a month, largely replacing its battlefield losses, UK intel said. Nicholas Drummond, a defense analyst, agreed, telling BI that Russia is relying on older models as its ability to produce new ones is limited. AdvertisementBut Drummond is skeptical that Russia can even make battle-ready 100 of the older tanks a month. Ramping up productionRussia has seemingly been increasing its output of new tanks, while still relying on older models. AdvertisementBut another expert said these older tanks can still create a problem for Ukraine.

Persons: —, William Alberque, Nicholas Drummond, DIMITAR DILKOFF, Drummond, George Barros, Russia's, Oleksii, It's, Alberque, Rajan Menon, Menon, it's Organizations: intel, Service, UK Ministry of Defence, International Institute for Strategic Studies, Getty, Institute for, Anadolu Agency, Getty Images, Defense Locations: Russia, Ukraine, Russian, AFP, Dmytrivka, Kyiv region, Getty Images Russia, Ukrainian

☆ Analysis-Russia's GDP Boost on Military Spending Belies Wider Economic Woes
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Other economists say Russia is pumping the economy with one-time, unproductive investments that yield limited future benefit. 'NOT ALL GROWTH IS GOOD'The International Monetary Fund expects Russia's economy to grow faster than all G7 economies this year but less than emerging European economies. Military expenditure has supported economic growth of countries at war throughout history. According to Rosstat, Russia's labour productivity index, one of Putin's key national development goals, fell 3.6% year-on-year in 2022, its steepest annual fall since the aftermath of the global financial crisis in 2009. "I don't see current economic growth as lasting or qualitative," said Nadorshin.

Persons: Darya Korsunskaya, Alexander Marrow, Vladimir Putin, Sergei Khestanov, Alexandra Suslina, CAMAC, Rosstat, Anton Kotyakov, Yevgeny Nadorshin, Central Bank Governor Elvira Nabiullina, Darya, Gareth Jones Organizations: Statistics, Reuters, Soviet Union, International Monetary Fund, IMF, Labour, PF, Central Bank Governor Locations: Russia, Ukraine

The highest court in sports sanctioned Russian figure skater Kamila Valieva for doping violations at the 2022 Beijing Olympics. The ruling set the stage for U.S. skaters to receive gold medals after they finished second behind Valieva and her teammates in the team competition. A look at the case, and what happens next:ABOUT THE MEDALSPolitical Cartoons View All 253 ImagesThe International Olympic Committee controls Olympic medals. When Valieva's case first erupted, the IOC decided not to award medals from the event while the skaters were in Beijing. But what the Valieva case exposed was the fact that, even 10 years after Sochi, things are still not back to "normal” in Russia.

Persons: Kamila Valieva, Valieva, There's, they've, ”, Evan Bates, Madison Chock, — “, —, Thomas Bach, It's, would've, Dave Skretta, Graham Dunbar, ___ Organizations: Russia's, Sports, Olympic, IOC, Russian, Russian Olympic Committee, Doping Agency, AP Sports Locations: Russian, Beijing, Russia, Japan, Canada, Montreal, U.S, Ukraine, RUSSIA, ROC, Sochi, Kansas City, Geneva

☆ Russia Says It Finds Ukraine IDs, Tattooed Body Parts at Plane Crash Site
▼ + stars: | 2024-01-26 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

MOSCOW (Reuters) - Russia said on Friday it had recovered Ukrainian identity documents and tattooed body parts from the site where a Russian military plane that Moscow says was carrying Ukrainian prisoners of war crashed two days earlier near the Ukrainian border. Ukraine has neither confirmed nor denied that its forces downed the plane and said there is no proof of who was on board. On Thursday the Investigative Committee said preliminary findings showed the plane was struck by a surface-to-air missile fired from Ukraine. Ukraine has rejected a Russian assertion that it was forewarned that a plane carrying Ukrainian POWs would be flying over Belgorod region at that time. Russia state media said the black boxes from the plane had been delivered to a special defence ministry laboratory in Moscow and investigators were already working on them.

Persons: Dmitry Peskov, Peskov, Mark Trevelyan, Alison Williams Organizations: Russian, Federal Penitentiary Service, . Security, Reuters Locations: MOSCOW, Russia, Russian, Moscow, Ukrainian, Russia's Belgorod, Ukraine, Belgorod

☆ Apple has paid a $13 million fine that will go directly into Russia's state budget as Putin ramps up war spending, report says
▼ + stars: | 2024-01-23 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Apple has paid a $13 million Russian fine over alleged illegal app store practices, per the FT. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementApple has reportedly paid a $13 million Russian fine as President Vladimir Putin escalates his crackdown on foreign tech firms. Like many other Western companies, Apple has largely abandoned Russia since Putin launched an invasion of Ukraine in February 2022, though it still operates its app store in the country. However, the war has left the Russian economy struggling with spiraling food prices and a shortage of workers .

Persons: —, Vladimir Putin, Putin, Russia's Organizations: Apple, Google, Service, FAS, Financial Times, Big Tech, Business Locations: Russia, Ukraine, Ukrainian, Russian

☆ Ukraine War Drives Shift in Russian Nuclear Thinking -Study
▼ + stars: | 2024-01-22 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +4 min

NSNWs include all nuclear weapons with a range of up to 5,500 km (3,400 miles), starting with tactical arms designed for use on the battlefield - as opposed to longer-range strategic nuclear weapons that Russia or the U.S. could use to strike each other's homeland. "The Russian perception of the lack of credible Western will to use nuclear weapons or to accept casualties in conflict further reinforces Russia's aggressive NSNW thought and doctrine," it said. But he has shifted Russia's stance on key nuclear treaties and said he is deploying tactical nuclear weapons in Belarus. NUCLEAR DEBATEWestern analysts and policymakers have been closely tracking a debate among Russian military experts about whether Moscow should lower its threshold for nuclear use. William Alberque, author of the IISS report, said Karaganov was part of a wider discussion in Russia on the failure of its military to win the Ukraine war decisively and quickly.

Persons: Mark Trevelyan, Vladimir Putin's, Putin, hawkish, Russia's, Sergei Karaganov, William Alberque, Karaganov, Alberque, Mark Heinrich Organizations: Mark Trevelyan LONDON, NATO, International Institute for Strategic Studies, Russian Federation, Pentagon Locations: Ukraine, Moscow, Western, Russia, U.S, West, Russian, Belarus, Europe, United States

☆ Two Russian Nationals Were Passengers on Jet Which Went Missing Over Afghanistan - TASS
▼ + stars: | 2024-01-21 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Two Russian citizens were passengers on a charter flight bound for Moscow that disappeared over Afghanistan, Russia's state-run TASS news agency said on Sunday, citing a source "in the operational services". A manifest list for the plane which named everyone on board and which was published by the SHOT news outlet appeared to show that the crew were Russian nationals too. Russian aviation authorities said on Sunday a Russian-registered plane with six people thought to be on board had disappeared from radar screens over Afghanistan the previous night, after local Afghan police said they had received reports of a crash. Russia's RIA news agency said the flight was a medical evacuation from Thailand to Moscow. Russian investigators said on Sunday they had opened a criminal investigation to determine whether there was any violation of safety rules.

Persons: Maxim Rodionov, Andrew Osborn Organizations: Reuters Locations: Moscow, Afghanistan, Russian, Thailand

☆ West Stands to Lose at Least $288 Billion in Assets if Russian Assets Seized -RIA
▼ + stars: | 2024-01-21 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Russia's state RIA news agency said on Sunday it had calculated that the West stood to lose assets and investments worth at least $288 billion if it confiscated frozen Russian assets to help rebuild Ukraine and Moscow then retaliated. After President Vladimir Putin sent forces into Ukraine in February 2022, the U.S. and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West. It said EU nations held $223.3 billion of the assets, of which $98.3 billion was formally held by Cyprus, $50.1 billion by the Netherlands and $17.3 billion by Germany. It said the top five European investors in the Russian economy also included France with assets and investments worth $16.6 billion and Italy with $12.9 billion. It said the United States had $9.6 billion worth of Russian assets at the end of 2022, Japan $4.6 billion and Canada $2.9 billion.

Persons: Vladimir Putin, RIA, Andrew Osborn, Mark Heinrich Organizations: Reuters, Seven, Kremlin, European Union, RIA Locations: Ukraine, Moscow, U.S, West ., Belgium, Russia, Europe, Australia, Switzerland, Russian, Cyprus, Netherlands, Germany, France, Italy, Britain, United States, Japan, Canada, Norway

☆ Ukraine says one of its 'FrankenSAM' air-defense weapons just recorded its first kill
▼ + stars: | 2024-01-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. In early December, the Pentagon announced technical assistance "to start local production of some of the FrankenSAM projects." Later that month Kamyshin announced that "FrankenSAM" systems were already in use on the front lines. Kamyshin did not mention what type of weapon was used in the strike, which Business Insider could not independently verify. AdvertisementInexpensive exploding drones have been central to Russia's strategy of bombarding key Ukrainian infrastructure, often forcing Ukraine to counter with more costly air defenses.

Persons: —, Oleksandr Kamyshin, Kamyshin, Volodymyr Zelenskyy, Erin Snodgrass Organizations: Service, Business, Economic, Suspilne, Pentagon, RIM, AIM, Soviet, Patriot, New York Times Locations: Ukraine, Russian, Davos, Switzerland

☆ Russia has shifted beyond its 'stupid' missile attack strategy, and it is bad news for Ukraine
▼ + stars: | 2024-01-17 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

AdvertisementRussia has changed its longstanding missile strategy to one that could have worse effects for Ukraine's effort on the battlefield, experts say. During its full-scale invasion of Ukraine, Russia has used its guided missiles to knock out the heating and electrical systems Ukrainians need to get through the winter. A local resident takes a photo of a missile crater and debris of a private house ruined in the Russian missile attack in Kyiv, Ukraine, in December 2023. Related storiesThat involves targeting Ukraine's equipment, either at the manufacturing plants or while it is en route the front line. But Russia is increasing its missile production, and Ukraine says it desperately needs more air defense systems, as Russia tries to wear them down.

Persons: —, I'm, Fabian Hoffmann, Hoffmann, it's, Ukraine Vitalii, Timothy Wright, Russia's Organizations: Service, AP, University of Oslo, Ukrainian Armed Forces, Getty, International Institute for Strategic Studies Locations: Russia, Ukraine, Ukrainian, Russian, Kyiv, Norway, Poland

[1/5] Russian President Vladimir Putin visits the "Russia" forum and exhibition celebrating the country's major achievements in Moscow, Russia, December 4, 2023. Putin was given an explanation of a Soviet nuclear bomb design and shown a mock control panel for launching a nuclear test, before observing images of a blast and mushroom cloud through a viewing window. Since the start of the Ukraine war, Putin has frequently reminded the West of the size and capabilities of Russia's nuclear arsenal, saying anyone who tried to launch a nuclear attack against it would be wiped from the face of the earth. Supporters of Putin dismiss that analysis, pointing to independent polling which shows he enjoys approval ratings of above 80%. They say that Putin has restored order and some of the clout Russia lost during the chaos of the Soviet collapse.

Persons: Vladimir Putin, Mikhail Voskresensky, Putin, Oleg Saitov, Boris Yeltsin, Josef Stalin, Catherine the Great, Mark Trevelyan, Gareth Jones Organizations: Sputnik, REUTERS Acquire, Rights, Kremlin, State, Thomson Locations: Russia, Moscow, Soviet, Ukraine, Belarus, Soviet Union, Putin's Russia, London

☆ Putin Greets Kids, Views 'Nuclear Button' as Re-Election Bid Nears
▼ + stars: | 2023-12-04 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +3 min

Putin was given an explanation of a Soviet nuclear bomb design and shown a mock control panel for launching a nuclear test, before observing images of a blast and mushroom cloud through a viewing window. Since the start of the Ukraine war, Putin has frequently reminded the West of the size and capabilities of Russia's nuclear arsenal, saying anyone who tried to launch a nuclear attack against it would be wiped from the face of the earth. Putin was shown a replica of Stalin's office during his exhibition tour. Supporters of Putin dismiss that analysis, pointing to independent polling which shows he enjoys approval ratings of above 80%. They say that Putin has restored order and some of the clout Russia lost during the chaos of the Soviet collapse.

Persons: Guy Faulconbridge, Mark Trevelyan MOSCOW, Vladimir Putin, Putin, Oleg Saitov, Boris Yeltsin, Josef Stalin, Catherine the Great, Mark Trevelyan, Gareth Jones Organizations: Kremlin, State Locations: Soviet, Ukraine, Belarus, Moscow, Russia, Soviet Union, Putin's Russia, London

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