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Georgian Dream Party supporters celebrate the exit poll results in Tbilisi on Saturday. Diego Fedele / Getty ImagesPresident Salome Zourabichvili spoke the day after the vote, which the electoral commission said the ruling party had won. The Georgian Dream party clinched nearly 54% of the vote, the commission said, as opposition parties contested the result and vote monitors reported significant violations. Georgian Dream has become increasingly authoritarian over the past year, adopting laws similar to those used by Russia to crack down on speech. Despite that, Georgian Dream has adopted Russia-style laws and many Georgians fear the government is distancing the country from the West and into Moscow’s orbit.
Persons: Diego Fedele, Salome Zourabichvili, Georgia’s, , Zourabichvili, Antonio López, White, Charles Michel, , Irakli Kobakhidze, ” Hungary’s Victor Orbán, Tiko Gelashvili, Natia Seskuria Organizations: European Union, Georgian Dream Party, Getty, European, Sunday, Georgian, The United National Movement, Regional Institute for Security Studies, AP Locations: United States, Russia, Europe, Tbilisi, Georgian, Russian, Brussels, South Caucasus, , Georgia, Tiko, Georgia’s, Moscow, Soviet Union, Javakheti
A report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months. Longer flights require more fuel, which make flights more expensive. "Indeed U.S. carriers are making hard but very commercial decisions to drop Chinese services and redeploy the aircraft elsewhere," he said. China airlines' struggleLow demand has also plagued domestic airlines in China. Collectively, Chinese airlines have increased capacity to Europe, compared to pre-pandemic, even though the market and trade flows were much stronger then, said Grant.
Persons: Nicola Economou, John Grant, Grant, It's, Finnair, bauer, haven't Organizations: FIA, FI, British Airlines, Qantas, Nurphoto, Getty, Virgin Atlantic, Scandinavian Airlines, Boeing, OAG, EU, Aaronp, Cape Town, U.S, CNBC, Air China Locations: China, Asia, Hong Kong, Ukraine, United Kingdom, Russia, — Tokyo, Shanghai, Seoul, Bangkok, Delhi, Singapore, Thailand, Beijing, Cape, Sydney, Australia's, Melbourne, Brisbane, Perth, Hong Kong . U.S, Russian, U.S, Europe, Frankfurt
Gold eyes weekly gains as geopolitical uncertainty boosts appeal
  + stars: | 2024-10-25 | by ( ) www.cnbc.com   time to read: +2 min
Spot gold slipped 0.2% at $2,730.09 per ounce, as of 01:55 GMT. U.S. gold futures fell 0.2% to $2,742.80. "In the next three months, gold may reach $2,800, and from the annual perspective, it can surpass the psychologically important $3,000 barrier." The U.S. asked the Group of Seven allies to consider sanctions on Russian palladium and titanium, Bloomberg News reported. It benefits from its dual role of monetary value and as an industrial metal with growth driven by the breakneck growth of photovoltaics," said Paul Wong, market strategist at Sprott Asset Management.
Persons: Alexander Manzyuk Gold, Julia Khandoshko, Nornickel, Daniel Hynes, Silver, Paul Wong Organizations: REUTERS, Bloomberg News, ANZ, Sprott Asset Management Locations: Siberian, Krasnoyarsk, Russia, Gaza . U.S, Doha, Gaza, U.S
watch nowTesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal. Currently, the SpaceX website says that a "service date is unknown at this time," for Starlink in Taiwan for general customers. Musk and representatives for X, SpaceX and Tesla did not immediately respond to requests for comment. The conversations between Musk and Putin, who once ran the KGB, reportedly occurred as Musk was in the midst of a leveraged buyout and takeover of Twitter. He continued to promote the idea, via X (formerly Twitter) that some Ukraine citizens would prefer to join Russia.
Persons: Elon Musk, Vladimir Putin, Putin, Musk, withold, Xi Jinping, Bill Nelson, Donald Trump's, Donald Trump, Anna Moneymaker, Mike Gallagher, StarShield, Tesla, NASA's, Joe Raedle, Ian Bremmer, Volodymyr Zelenskyy, Sen, Lindsay Graham, Garry Kasparov, Lisi Niesner, Yuri Milner, Dana Rohrabacher, Rohrabacher, Rohrabacher's Organizations: SpaceX, Wall Street, Republican, Pentagon, NASA, Department of Defense, CNBC, ., NBC, X, KGB, Twitter, Polaris, NASA's Kennedy Space Center, Eurasia Group, NATO, Kremlin, Eastern Economic, Reuters, SXSW, Roscosmos, Russian Space Locations: U.S, Russia, Ukraine, Taiwan, Beijing, Washington, Butler , Pennsylvania, China, Starlink, Cape Canaveral , Florida, Crimea, Ukrainian, Sevastopol, Vladivostok, Bakhmut, Donetsk region, Silicon, Russian, Orange County , California, Moscow
Ulf Mauder/picture alliance/Getty ImagesMany observers fear the ruling Georgian Dream party will resort to anything to stay in power. This year, Georgian Dream pushed through a Kremlin-style “foreign agent” law, which critics say aims to shut down watchdogs who call the government to account. She described some of the statements made by Georgian Dream officials as a “copy-paste” of those from Stalin’s show trials. ‘Soviet mentality’A question puzzling many is why the formerly center-left Georgian Dream has made a sudden authoritarian pivot. Joining the EU would require cleaning up the country’s judiciary and giving up power if Georgian Dream is voted out on Saturday.
Persons: Joseph Stalin, Stalin “, , Stalin, Stalin’s, Ulf Mauder, Ivanishvili –, , Vladimir Putin’s, , everybody’s, ” Natalie Sabanadze, Sabanadze, Vano Shlamov, Ivanishvili, Mikheil Saakashvili, ” Younger, Uriel Sinai, Moscow’s, Davit, Georgia’s, Salome Zourabichvili –, Ivanishvili’s, Bera, ” Ivanishvili, Hillary Clinton, Viktor Orban, Irakli Kobakhidze, Orban, Mirian, Levan Khabeishvili –, Khabeishvili, “ Ivanishvili, He’s, Giorgi Arjevanidze, Sergei Naryshkin Organizations: CNN, Joseph, Joseph Stalin Museum, European Union, Party, Chatham House, Georgian, Getty, Kremlin, Stalin, , Governance, NATO, EU, Hungary’s, Conservative Political, Georgia’s, Police, Western United National Movement, UNM, Russia’s Foreign Intelligence Service Locations: Gori, Soviet, Caucasus, Georgian, Soviet Union, Georgia, Russia, Everybody’s, London, Chatham, Tbilisi, AFP, Moscow, Georgia’s South Ossetia, Gori ., Abkhazia, Gori , Georgia, Ukraine, Europe, Budapest, Anadolu, Nuremberg, Brussels, Moldova, Belarus
CNN —US intelligence has assessed that Russian operatives were behind a fake video purporting to show someone destroying mail-in ballots in Bucks County, Pennsylvania, that circulated on social media Thursday. CNN reported earlier Friday that US investigators suspected that Russian operatives were behind the fake video, according to two sources briefed on the matter. The Board of Elections in Bucks County, north of Philadelphia, was quick to debunk the video on Thursday. But the video was hatched by Russian operatives, according to Darren Linvill, an expert on Russian disinformation campaigns at Clemson University. Russian operatives have tried to denigrate Harris’ campaign, Iranians have tried to undercut Trump’s, while China has largely focused on down-ballot races.
Persons: , Donald Trump, Kamala Harris, Darren Linvill, , Linvill, denigrate Harris, Tim Walz, Patricia Poprik, ” Poprik, Poprik, “ It’s, it’s, Harris, Tim Lister Organizations: CNN, IC, Intelligence, National Intelligence, Federal Bureau of Investigation, Infrastructure Security Agency, stoke, Bucks County, Russian, Clemson University, Storm, Democratic, Microsoft, Bucks County Republican Party, Facebook, Trump Locations: Bucks County , Pennsylvania, Pennsylvania, Bucks County, Philadelphia, Bucks, Russia, Iran, China, Trump’s, Russian
Gold ticks higher as safe-haven bids offset firm dollar
  + stars: | 2024-10-24 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars seen at Gold Investments bullion dealers in London, U.K., on January 15, 2014. Gold prices drifted higher on Thursday, as safe-haven demand countered a firmer dollar, while palladium hit a more than one-month peak. Spot gold rose 0.3% to $2,725.51 per ounce by 0143 GMT. A stronger dollar makes gold more expensive for other currency holders. "The Fed's monetary easing cycle, stimulus measures in China, and supply constraints will continue to drive silver prices higher into 2025 where it could potentially scale higher levels of around $45," Sachdeva said.
Persons: Kamala Harris, Republican Donald Trump, Sugandha Sachdeva, Sachdeva, Nornickel Organizations: Gold Investments, U.S, Republican, New, SS, Bloomberg News Locations: London, New Delhi, ., China, U.S
SEOUL, South Korea — North Korea has sent troops to Russia, the U.S. said Wednesday, its first public confirmation of a move that has rattled Western allies and could mark a major escalation of Moscow’s war in Ukraine. North Korean leader Kim Jong Un visiting Korean People's Army soldiers at an undisclosed location on Oct. 17. South Korean lawmakers said Wednesday that North Korea had sent 3,000 troops to Russia out of a promised 10,000 to be deployed by December. That is twice the 1,500 the South Korean intelligence agency had reported being sent last week. Ukrainian President Volodymyr Zelenskyy said Tuesday that two units of North Korean troops, with as many as 6,000 people each, were being trained for deployment.
Persons: Lloyd Austin, Austin, Kim Jong, KCNA, Volodymyr Zelenskyy, , Kyrylo Budanov, Vedant Patel, , ” Austin, Zelenskyy Organizations: , Democratic People’s, Korean People's Army, Getty, Kremlin, South, South Korean, Directorate of Intelligence, North Korean, State Department Locations: SEOUL, South Korea, North Korea, Russia, U.S, Ukraine, Rome, Democratic People’s Republic of Korea, Korea, AFP, Pyongyang, Moscow, Russia’s Kursk, Russian, Kyiv
But a top US general warns Moscow still has dangerous forces that haven't been affected by the war. AdvertisementRussia has suffered significant losses in Ukraine, but its military still has dangerous combat forces available that have barely been affected by the conflict, the top US general in Europe warned this week. Cavoli said during the Atlantic Council interview that while Russia's ground forces had suffered severe losses fighting in Ukraine, Moscow had taken notable strides to build them back up. "Now, there's some quality problems, and some of the equipment may not be the newest, but that again is localized to the ground forces," he said. "Russia has a plan to reconstitute that ground force and to deploy it, again, on the borders of NATO."
Persons: haven't, , it's, Christopher Cavoli, Cavoli, Vladimir Putin, they've Organizations: Service, European Command, Atlantic Council, Cavoli, NATO, Russian Defense Ministry Press Service, AP Locations: Russia, Ukraine, Moscow, Europe, Russian, Baltic, China, Alaska
KAZAN, Russia — Almost 700 miles east of Russia's war in Ukraine, the city of Kazan is a safe enough distance for President Vladimir Putin to try and reposition himself as an international ambassador. The countries gathering for the BRICS summit, where Gavrilov is helping to chaperone delegates, share a similar mix of apparently contradictory views. Russia and Iranian protocol teams huddled together in a Kazan hotel Sunday planning the arrival of Iran’s President Masoud Pezeshkian. Russian President Vladimir Putin and UAE President Sheikh Mohammed bin Zayed Al Nahyan sign a wall at newly opened education center in Moscow on Monday. While Ukraine is a “long, long way away, the modern ballistic missile can very easily come here,” Gavrilov said.
Persons: Vladimir Putin, Putin, Islam Gavrilov, Sergei Gavrilov, , Gavrilov, , didn’t, , it’s, Masoud Pezeshkian, Sheikh Mohammed bin Zayed Al Nahyan, Mikhail Metzel, Sheikh Abdullah bin Zayed Al Nahyan, Recep Tayyip Erdogan, Prince Mohammed bin Salman, Prince Faisal bin Farhan, Luiz Inácio Lula da Silva, they’ve, ” David Lubin, you’re, ” Gavrilov, Keir Simmons, Natasha Lebedeva, Freddie Clayton Organizations: NBC, NASA, Harvard University, The, Putin, United Arab, European Union, Kremlin, Wednesday, Saudi Arabia’s Crown, Chatham House, NBC News, Inside Locations: KAZAN, Russia, Ukraine, Kazan, Kremlin, United States, Moscow, America, U.S, — Brazil, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, UAE, London, Russian, Yelabuga, Nizhnekamsk,
Russian President Vladimir Putin attends the BRICS Business Forum in Moscow, Russia October 18, 2024. Alexander Zemlianichenko | Via ReutersRussia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a "new world order" that challenges the West. Delegates listen on during the plenary session as Russian President Vladimir Putin delivers his remarks via video-link during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 23, 2023. "The countries in our association are essentially the drivers of global economic growth. Russian President Vladimir Putin (R) shakes hands with Iranian President Masoud Pezeshkian (L) during their meeting, October 11, 2024, in Ashgabat, Turkmenistan.
Persons: Vladimir Putin, Alexander Zemlianichenko, what's, Alet Pretorius, Putin, Michel Temer, Xi Jinping, Jacob Zuma, Narendra Modi, Wu Hong, Callum Fraser, Fraser, Russia's, Dmitry Peskov, Masoud Pezeshkian, Recep Tayyip Erdogan, Mahmoud Abbas, Antonio Guterres, It's, Masoud Organizations: Reuters, United Arab Emirates, America, U.S ., Afp, Getty, Tass, India's, CNBC, Royal United Services Institute, Global, Kremlin Locations: Moscow, Russia, Reuters Russia, Brazil, India, China, South Africa, Egypt, Ethiopia, Iran, Asia, Africa, U.S . Russian, U.S, West, Ukraine, Sandton, Johannesburg, South, Ashgabat, Turkmenistan, U.N
Stoianoglo has said that, if elected, he would build a “balanced” foreign policy involving ties with the EU, the United States, Russia and China. In the run-up to Sunday’s referendum, polls had shown clear majority support for joining the EU. A “yes” result means a clause will be added to the constitution defining EU accession as a goal. The EU leapt to Sandu’s defence, saying Moldova had faced “really unprecedented intimidation and foreign interference by Russia and its proxies ahead of this vote”. The tight referendum result could put Sandu in a weaker position going into the second round since she has championed EU integration.
Persons: Maia Sandu, Sandu, Alexandr Stoianoglo, Stoianoglo, Daniel Mihailescu, , , Ilan Shor, Sandu’s, Shor, Valeriu Pasha, Organizations: EU, Getty, Kremlin, Sandu, Moldovan, , Facebook Locations: Soviet, Russia, United States, China, Moldovan, Chisinau, AFP, Ukraine, Transdniestria, Moldova, Moscow, Sunday’s
Russia is unlikely to offer military intervention against Israel on behalf of the Iranians, Saab said, given it is already "too bogged down in Ukraine." In return for Iran's support, Russia has bolstered Iran's military capabilities in several areas, they noted: "Iran has made notable progress in acquiring advanced conventional weaponry from Russia, allowing it to achieve some of its defense officials' long-standing goals. Iranian protesters shout anti-Israeli slogans while burning an Israeli flag in a celebration for Iran's missile attack against Israel, in Tehran, Iran, on October 1, 2024. That shared antipathy toward the U.S. and desire to create a "new world order" are what largely binds Iran and Russia. Russia cannot — and will not — save Iran in its confrontation with Israel and the United States," he noted.
Persons: Vladimir Putin, Masoud Pezeshkian, Israel, Bilal Y, They've, Saab, It's, Karim Sadjadpour, Nicole Grajewski, Su, John Kirby, Morteza, Mikhail Svetlov, Bashar al, Nikita Smagin, Saudi Arabian Crown Prince Mohammed bin Salman Organizations: Getty, CNBC, Saab, North Africa, Israel, Kremlin, Carnegie Endowment, International Peace, Security, Ukraine, Nurphoto, United, Base, Russian International Affairs Council, Saudi Arabian Crown, Royal, Anadolu Locations: Ashgabat, Turkmenistan, Iran, Ukraine, Tehran, Russia, Islamic Republic, East, United States, Russian, U.S, Ukrainian, Gaza, Lebanon, Israel, Iranian, Yemen, Syria, Saudi Arabia, United Arab Emirates, Syria's, Moscow, Saudi, Al Yamamah, Riyadh
The US can "ill afford" another war if conflict breaks out in East Asia, Gen. Charles Flynn warned. From the Middle East to Russia, authoritarian regimes are challenging US power. AdvertisementThe US Army's outgoing top commander in the Pacific region has warned that the US can "ill afford" another war because its military is vastly overstretched. "There's a limited regional war going on in the Middle East. We can ill afford another limited regional war in Asia.
Persons: Charles Flynn, , North Korea —, Flynn, Russia's, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Kathryn Levantovscaia, Stephen Sklenka, haven't, Raphael Cohen Organizations: Service, Defense, , Washington DC, North, Bloomberg, Observatory, Getty, Forward Defense, Atlantic Council, NATO, Sydney Morning Herald, RAND Corporation, Stockholm International Peace Research Institute Locations: East Asia, East, Russia, — Russia, China, Iran, North Korea, Taiwan, Europe, Asia, Ukraine, Pyongyang, United States, Stockholm
Russian artillery depends on a complex supply chain vulnerable to sanctions, defense experts say. Each company has its own supply chain of subcontractors, such as factories that make special steel. Current Western sanctions tend to be too broad and sporadic to cripple Russian defense production. A better approach would be a mixture of economic sanctions and diplomatic pressure focused on Russia's artillery supply chain, concluded the report. AdvertisementNonetheless, sanctions might ultimately prove to be a more effective approach than trying to destroy Russian artillery in combat.
Persons: , Charly TRIBALLEAU, RUSI, NIMI Bakhirev, Reich, Michael Peck Organizations: Service, Royal United Services Institute, Scranton Army, Plant, Getty, Burevestnik Research, NATO, Allied, Germany, Central, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Donetsk, British, Soviet, Scranton, Pennsylvania, AFP, China, Germany, South Korea, Italy, Japan, Taiwan, Yekaterinburg, Volgograd, Perm, Nizhny Novgorod, Uzbekistan, Kazakhstan, Kazakh, Turkey, Forbes
Advanced air defenses and anti-ship cruise missiles may also be on the table. Iran has ordered Su-35 fighters and also wants S-400 Triumf air defenses to, among other things, face Israel's superior missiles and air force. If all these deals do go forward, they would enhance the military capabilities of Iran and its allied militias. While the type of equipment was not specified, it could be the S-400 Iran has long sought. Iran is seeking Russia's S-400 air defenses.
Persons: , Su, Justin Bronk, Bronk, Anton Mardasov, hasn't, Mardasov, parry, Israel, Vladimir Putin Organizations: Service, Iran, Technology, Military Sciences, United Kingdom's Royal United Services Institute, The New York Times, Russian Defense Ministry, Anadolu Agency, Getty, Moscow, Iran's Locations: Russia, Iran, Israel, Ukraine, Tehran, East, Syria, Moscow, Saudi Arabia, United States, Russian, Kyiv, Panamanian, Lebanon
North Korea has sent 1,500 special forces troops to Russia, according to South Korea's spy agency. Satellite images published by Seoul are said to show the North Korean special forces at bases in eastern Russia. The NIS said that North Korean military officers visited missile launch sites near the war's front lines in August. A Pentagon spokesperson said he's seen reports about North Korean forces deploying to the war but can't confirm or corroborate them. Beyond North Korea, Russia has also turned to fellow pariah state Iran for military assistance during the Ukraine war.
Persons: , they're, he's, Pat Ryder, you've, Kim Jong Un Organizations: Korean, Service, Korea's National Intelligence Service, Moscow, NIS, North Korean, National Intelligence Service, National Intelligence, Pentagon, North Korea . National Intelligence Locations: Korea, Russia, South, Ukraine, Seoul, North Korea, Pyongyang, South Korea, Siberia, Russian, Ussuriysk, Khabarovsk, Moscow, Kyiv, Iran, Tehran
New developments show the path for Western banks trying to exit Russia has gotten tougher. Moscow will block the sale of Western bank assets to local Russia buyers, sources told Bloomberg. Russia's government has signaled that it will block any efforts from Western banks to offload their local units to Russian-owned entities, according to Bloomberg, who cited people familiar with the matter. Given the fact that Russia has also prevented sales to foreign buyers, these Western banks appear to be stuck, with limited options available. This latest development is an expansion of the Kremlin's ongoing campaign to keep Western firms within its borders.
Persons: , Raiffeisen Organizations: Bloomberg, Service, US, Austrian, UniCredit, Yale School of Management, Reuters Locations: Russia, Moscow, Russian, UniCredit, Abu Dhabi, Ukraine
Their task is to “strengthen and develop” their strategic partnership, the Russian defense chief added. Russia and China have been bolstering their security coordination in the face of shared frictions with the West. Belousov also held talks a day earlier with Chinese Defense Minister Dong Jun, who ranks below Zhang in China’s military hierarchy. Belousov’s arrival in Beijing Monday coincided with China’s military flying a record number of fighter jets and other warplanes around Taiwan during large-scale military drills. China said the drills were intended as a “stern warning” to what it described as pro-independence forces in Taiwan.
Persons: that’s, Andrey Belousov, Zhang Youxia, Xi Jinping, That’s, Zhang, Xi, Vladimir Putin, Belousov, Dong Jun, Andrei Belousov, Wang Yi, Putin, Lai Ching Organizations: Hong Kong CNN, US, China’s, Military Commission, Tass, China’s Defense Ministry, Chinese Defense, Russia's Defense, China's, Russian Defence Ministry, Reuters China’s Ministry of Foreign Affairs, Canadian Locations: China, Hong Kong, Beijing, Russia, Washington, Russian, Kazan, BRICS, Moscow, Ukraine, Ocean, Alaska –, South China, Taiwan
A Russian man has been rescued in the stormy Sea of Okhotsk after surviving for more than two months in a tiny inflatable boat that lost its engine, but his brother and nephew were dead, officials said on Tuesday. The prosecutor’s office in the far east of Russia said the man was rescued by a fishing vessel off the Kamchatka Peninsula on Monday. Their bodies were reportedly found in the boat when the Angel fishing vessel rescued Pichugin. Media reports said the three men had travelled to the Shantar Islands, off the north-western shore of the Sea of Okhotsk. The man was saved by Russian rescuers after drifting for 67 days in the Sea of Okhotsk.
Persons: Mikhail Pichugin, , Prosecutors Organizations: Transport Prosecutor's, Reuters, Komsomolskaya Pravda Locations: Okhotsk, Russia, Sakhalin, 110lbs, East Asia
Russia lost one of its new S-70 Okhotnik (Hunter) drones earlier this month. The UK MOD said that Russia likely lost control and shot it down to prevent it falling into Ukrainian hands. AdvertisementA Russian heavy combat drone that crashed in Ukraine this month was shot down by Russia, likely to try to stop it from falling into Ukrainian hands, according to the UK's Ministry of Defence. On Tuesday, UK intelligence said that it's likely that Russia, having lost control of the drone, "took the decision to destroy the aircraft to avoid it falling into enemy hands." Russia's S-70 drone is seen taking off at an unidentified location in August 2019.
Persons: , Russia's, Russia's Su, Samuel Bendett Organizations: MOD, Service, UK's Ministry of Defence, Washington D.C, Russian Defense Ministry Press Service, Institute for, Ukraine, NATO, Center for Naval Locations: Russia, Ukraine, Kostyantynivka, Ukraine's Donetsk, Russian
Russia filmed its troops firing a D-74, an artillery gun developed in the 1940s that the Soviets exported to their allies. The field gun featured: a D-74 122mm howitzer, which the Soviet Union developed in the late 1940s. Ukrainian President Volodymyr Zelenskyy estimated in February that Russia was receiving at least 1 million artillery shells from North Korea. AdvertisementThe Russian defense ministry and the Chinese foreign affairs ministry did not respond to requests for comment sent by Business Insider. AdvertisementDespite its sheer age, the D-74 still can be useful for Russia in a modern war in Ukraine, Purcell said.
Persons: , it's, Michael Purcell, " Purcell, Putin, Russian Defense Ministry Jennifer Kavanagh, Volodymyr Zelenskyy, Dmitry Peskov, Russia Kavanagh, Kavanagh, Purcell, Vladimir Putin, that's Organizations: Military, Service, Kremlin, Soviet Union, Marine Corps, International Security, George Washington University, DPRK, Russian Defense Ministry, Defense, Authorities, China, International Institute for Strategic Studies, Business Locations: Russia, North Korea, Russian, Donetsk, Soviet Union, Ukraine, Moscow, Soviet, Vietnam, China, Washington, Seoul, Pyongyang
CNN —North Korea is sending its citizens to help Russia’s military fight Ukraine, Volodymyr Zelensky has said, increasing concerns about the alliance between Moscow and the secretive state. In his daily video message on Sunday, the Ukrainian president said: “We see an increasing alliance between Russia and regimes like North Korea. It is actually about transferring people from North Korea to the occupying military forces.”Zelensky’s allegation comes amid an increasingly friendly relationship between Moscow and Pyongyang. Russian President Vladimir Putin visited North Korea in June – the first visit of its kind for more than two decades – and Western observers have wondered how heavily North Korea has assisted Russia’s invasion of Ukraine. “We believe that the possibility of further deployment of regular troops is very high, as Russia and North Korea have entered a mutual agreement that is almost equivalent to a military alliance.
Persons: Volodymyr Zelensky, , Vladimir Putin, , ” Zelensky, Dmitry Peskov, Kim Yong, hyun, , Putin, Kim Jong Un Organizations: CNN, North, National Intelligence Service, Defence, Korean Locations: North Korea, Ukraine, Moscow, Russia, Pyongyang, Russian, Kyiv, Koreans
One analyst suggests the market could see a repeat of the 2020 oil price war. AdvertisementRussia's wartime economy could face a tougher time securing needed oil revenue if Saudi Arabia tanks global crude prices. "Saudi Arabia is fed up," Simon Henderson, director of the Bernstein Program on Gulf and Energy Policy at The Washington Institute, told Business Insider. However, some kind of confrontation with Saudi Arabia may be stirring. "Unlike Saudi Arabia, its oil is not cheap to extract, making it poorly equipped to deal with low-price conditions.
Persons: , Luke Cooper, hasn't, Simon Henderson, Bernstein, it's, Henderson, Vladimir Putin, Alexander Novak, Cooper Organizations: Service, Organization of Petroleum, Russia, London School of Economics, Financial Times, Gulf and Energy, The Washington Institute, OPEC Locations: Saudi Arabia, Russia, Riyadh, Ukraine, Gulf, Moscow, Iran, Kazakhstan
Russia's President Vladimir Putin visits Uralvagonzavod, the country's main tank factory in the Urals, in Nizhny Tagil on February 15, 2024. Ramil Sitdikov | Afp | Getty ImagesRussia's war-orientated economy and plans for unprecedented military spending risk deepening major imbalances within the government's finances, analysts say. Russia's military-industrial complex, feeding an insatiable war machine, has expanded significantly since the war began, as a result. Signalling its commitment to prosecuting the war in Ukraine, combined spending on both national defense and security will account for around 40% of Russia's total government spending in 2025, the draft budget suggested. Notably, defense spending will exceed twice the amount allocated for social needs such as pensions, Reuters noted.
Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Mikhail Mishustin, Tursa, Liam Peach, Peach, Alexander NEMENOV, ALEXANDER NEMENOV, Alexander Nemenov Organizations: Afp, Getty, Reuters, Sputnik, Capital Economics, Russian Statistics Agency Locations: Urals, Nizhny Tagil, Ukraine, Russia, Russian, Western, Central, Eastern Europe, Moscow, AFP
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