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☆ Russia's frozen assets are being used by the UK for a $3 billion loan to Ukraine
▼ + stars: | 2024-10-22 | by ( ) www.businessinsider.com time to read: +2 min

The UK is using profits from Russia's frozen assets to offer a $3 billion loan to Ukraine. About $322 billion of Russian assets were frozen abroad following the invasion of Ukraine. AdvertisementThe British government is tapping Russia's frozen assets for a loan to Ukraine, with the intention of helping Kyiv secure more military and fund reconstruction costs. The loan, which amounts to £2.3 billion, or $3 billion, is being provided using profits generated from Russian assets, according to a memo on the UK government website. AdvertisementAbout $322 billion of Russian assets were frozen abroad as the West imposed sanctions to hobble the Kremlin's war machine following the invasion of Ukraine in 2022.

Persons: —, John Healey Organizations: Service, Bloomberg, UK Defence Locations: Ukraine, Kyiv, Europe

☆ Ukraine's deep strikes on ammo depots and weapons factories across Russia aim to weaken its war machine
▼ + stars: | 2024-10-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Ukrainian drones hit an ammo depot at a Russian airbase and a weapons factory over the weekend. These marked Ukraine's latest deep strikes targeting a key military facility inside Russia. US officials and war analysts have said this campaign will complicate Russian operations in Ukraine. The strike operations demonstrated Kyiv's long reach as it targets key military facilities inside Russia. Ukraine said it also produces guided glide bombs, the highly destructive weapons Russia has used to wreak havoc on Ukrainian troop positions and civilians.

Persons: —, George Barros, Barros Organizations: Service, Social Media, REUTERS, Pentagon, Technologies, Institute for Locations: Russian, Russia, Ukraine, Lipetsk, Russia's, Ukrainian, Nizhny Novgorod, Kyiv, Moscow

☆ Ukraine is making a new drone called Sting that flies faster than 100 mph to kill Russia's Iranian Shahed drones: report
▼ + stars: | 2024-10-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementUkrainian drone maker Wild Hornets is developing an interceptor designed to counter Russia's Shahed-136 loitering munitions, The Telegraph reported. Wild Hornets did not respond to a request for comment sent outside regular business hours by Business Insider. Russia announced in September that it was planning to increase drone production by 10 times, putting it at 1.4 million drones yearly. Ukraine, on the other hand, said it can now make 4 million drones per year. Its president, Volodymyr Zelenskyy, said in October that local defense firms were already contracted to build 1.5 million drones, but did not say what kind.

Persons: It's, —, Sting, it's, Volodymyr Zelenskyy Organizations: Telegraph, Sting, Service, Hornets, Ukrainian, Wild Hornets, Business Locations: Ukrainian, Iranian, Russia, Ukraine, Zala, Kyiv, Tehran, Moscow

☆ China is set to be Russia's biggest pipeline gas customer this year as flows to Europe dwindle
▼ + stars: | 2024-10-21 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Russian gas giant Gazprom sent more natural gas to China than Europe in the first nine months of the year. Europe had previously been Russia's biggest energy customer, but flows have cratered since the war in Ukraine began. AdvertisementRussian gas flows to Europe are dwindling, but China is stepping in and is set to become Russia's biggest customer of pipeline gas this year. Those flows surpass the 22.5 billion cubic meters of pipeline gas exported to Europe in the same period, putting China on track to overtake Europe as Russia's biggest natural gas customer in 2024. Another link, Power of Siberia 2, is under discussion and would increase the country's gas flows to China to almost 100 billion cubic meters a year.

Persons: — Organizations: Gazprom, Service, Bloomberg Locations: China, Europe, Ukraine, Russia's, Moscow, Hungary, Slovakia, Austria, Russia, Siberia

☆ The West is trying to starve the wrong part of Russia's war machine, defense experts say
▼ + stars: | 2024-10-20 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

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

☆ Israel's Sinwar video shows the chilling reach of battlefield drones
▼ + stars: | 2024-10-18 | by ( Matthew Loh | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

Only 13 years ago, the world learned of what were Muammar Gaddafi's last few moments through shaky video filmed on cellphones. Small drones are a critical feature of combat in Ukraine, where they've been used for battlefield observation and attack. The hovering quality of the Sinwar video indicates it was likely filmed by a quadcopter. AdvertisementThe astounding wealth of drone-fed intelligence, surveillance and reconnaissance has made more of the battlefield visible than ever before. Nonetheless, technological advances mean that drones watching the battlefield will be a ubiquitous feature of future wars, a looming threat to ground troops and fleeing leaders.

Persons: Israel, Yahya Sinwar's, —, Yahya Sinwar, Sinwar, Yahya Sinwar’s, GJGDlu7bie, Nadav Shoshani, Muammar Gaddafi's, Mauro Gilli, Gilli, they've, It's, Volodymyr Zelenskyy, Maria Berlinska, Guy Prives Organizations: Service, Swiss, ETH Zurich, Anadolu, Getty, Pentagon, IDF Locations: Libyan, It's, Ukraine, Russian, Moscow, Kursk, Israel

CNN —Ukrainian President Volodymyr Zelensky presented his long-anticipated “Victory Plan” to Ukrainian parliament on Wednesday, after failing to drum up additional, tangible support last week during meetings with European allies. It also outlines provisions to strengthen Ukraine’s defense, implement a non-nuclear strategic deterrence package and grow Ukraine’s economy. The Ukrainian president first presented the victory plan to US President Joe Biden during a September visit to the White House. Ukraine's plan includes a new proposal for deploying a non-nuclear strategic deterrence package on its soil. Zelensky’s final pillars for peace are to grow Ukraine’s economic potential and look ahead to a post-war plan.

Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, Joe Biden, Biden, “, Dmitry Peskov, Jens Stoltenberg, ’, CNN’s Clare Sebastian, Anna Chernova Organizations: CNN, Atlantic Treaty Organization, NATO, Ukraine, EU, ”, European Union, Kyiv Locations: Russia, Kyiv, Ukraine, United Kingdom, France, Italy, Germany, Donetsk, Europe, NATO, Russia’s Kursk

☆ Australia is going to more than double the size of Ukraine's Abrams tank force
▼ + stars: | 2024-10-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementAustralia plans to send Ukraine a large batch of M1A1 Abrams tanks, officials confirmed on Wednesday, in a move that will more than double the size of Kyiv's existing inventory. The planned transfer will significantly expand Ukraine's arsenal of Western-provided armored vehicles and help replace the Abrams lost in combat. An Australian M1A1 Abrams Main Battle Tank during a training exercise in August 2021. Related storiesVasyl Myroshnychenko, the Ukrainian ambassador to Australia, said that the Abrams tanks will be an "essential part" of Kyiv's land defenses. Since the Abrams are American-made tanks, Australia had to get the US to sign off on the transfer.

Persons: Abrams, —, Pat Conroy, Cpl, Sarah E, Conroy, Vasyl Myroshnychenko, we've, Myroshnychenko Organizations: Abrams, US, Ukraine, Service, Australia's Defense Industry, Bradley, Australian M1A1 Abrams, US Marine Corps, Ukrainian Armed Forces, Australian Broadcasting Corporation, NATO Defense, ABC, Canberra Locations: Australia, Ukraine, Canberra, Kyiv, Russia, London, Ukrainian

☆ Russian troops are crashing into their own anti-tank barriers and dying, pro-Putin hardliners say
▼ + stars: | 2024-10-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Russian troops are crashing into anti-tank barriers in Kursk, Russia. AdvertisementRussian commanders are misplacing anti-tank barriers, which their own troops and civilians are crashing into, according to several Russian hardliners. The Russian military bloggers, who've long been an important source of independent information about the Russian military, complained that "dozens" of military personnel and civilians had lost their lives crashing into the barriers, according to the ISW. AdvertisementRussian commanders have, throughout the war, faced criticism from Russia's military bloggers for what they say are inept decisions that have hampered Russia's campaign in Ukraine. Ukrainian forces occupy around 386 square miles of territory in Kursk, while Russian forces have continued to make incremental advances in east Ukraine.

Persons: — Organizations: Service, Newsweek, Business Locations: Kursk, Russia, Russian, US, Rylsky Raion, Kursk Oblast, Ukraine

☆ Russia shot down one of its own rare combat drones to try to stop it falling into enemy hands: UK intel
▼ + stars: | 2024-10-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

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

CNN —Ukraine’s incursion into Russia’s Kursk region is now entering its third month, with scores of settlements still firmly under its control. Displaced people in an undisclosed location in the Kursk region are housed in a shelter on August 29, 2024, following Ukraine's cross-border incursion. Russia is trying to avoid diverting any resources from the frontlines of its full-scale invasion of Ukraine to fight in Kursk. Ukraine has maintained control of about 300 square miles in Russia's Kursk region, according to the latest assessment by ISW. Oleg Palchyk/Global Images Ukraine/Getty ImagesYet Ukraine’s goal of diverting troops from the eastern frontline to Kursk has so far failed.

Persons: CNN —, Vladimir Putin, Dmytro –, “, Mark Galeotti, Tatyana Makeyeva, ” Galeotti, Putin, it’s, John Lough, ”, “ Kholod ”, ISW, Oleg Palchyk Organizations: CNN, Institute for, Royal United Services Institute, Getty, Kremlin, Chatham House’s, Eurasia Program, Russian Locations: Russia’s Kursk, Ukraine, Kursk, Washington ,, Ukrainian, Sudzha, Veseloe, Russia, British, Moscow, AFP, Chatham House’s Russia, what’s, Russian, Russia's Kursk, Donbas, Pokrovsk, Kharkiv, Donetsk, Zaporizhzhia, Odesa, Kherson

— In their first and only debate of an unusually competitive Maryland Senate race Thursday, Prince George's County Executive Angela Alsobrooks and former Gov. Larry Hogan sparred over the issue of abortion and whether the deep blue state would be best represented by a staunch Democrat or an anti-Donald Trump Republican. Hogan distanced himself from the former president and current GOP presidential nominee, framing himself as someone willing to put "country over party." Alsobrooks dismissed that frame, arguing that a vote for Hogan would mean a vote for a Senate Republican majority that would threaten abortion rights and support for Ukraine. Hogan criticized Alsobrooks and "both sides" of the aisle for "trying to change the rules so they can pack the court."

Persons: OWINGS MILLS, Angela Alsobrooks, Larry Hogan sparred, Donald Trump, Hogan, Alsobrooks, Chuck Todd, — Deborah Weiner, Tracee Wilkins, Jeff Salkin — Hogan, Roe, " Hogan, Alsobrooks —, Wes Moore, Barack Obama —, Maryland's, Joe Biden, Amy Coney Barrett's, Barrett, Brett Kavanaugh, Trump, “ I’m, ”, I'm, I've, Democratic Sen, Ben Cardin, Chris Van Hollen, Cardin, Benjamin Netanyahu's, Van Hollen's, Netanyahu's, I'm Angela Alsobrooks, Alsobrooks wouldn't Organizations: Maryland Senate, Democrat, Donald Trump Republican, Republican, Ukraine, Democratic, NBC News, NBC, NBC Washington, Maryland Public Television, Republican Party, Maryland, Gov, National Democrats, Republicans, GOP, Supreme, Republican Jewish Coalition, Foreign Relations, NATO Locations: Md, —, Prince George's, Maryland, Baltimore, Trump, Israel, Gaza, U.S, Ukraine, Washington

☆ Ukraine is eroding Russia's military advantage with strikes on its ammo depots
▼ + stars: | 2024-10-11 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +7 min

Military experts said it's partly down to Ukraine's long-range strikes on Russian ammo depots. AdvertisementUkraine is reducing Russia's artillery advantage on the battlefield, and recent attacks on ammo depots have likely sped that up. According to military experts, these developments are likely due in part to Ukraine's recent long-range strikes on Russian ammunition depots. Taking out the ammoUkraine damaged several rear Russian ammo depots using long-range weapons in a string of long-range strikes that began last month. But Kastehelmi said that in the long run, Russia will "most likely" be able to adapt to Ukraine's long-range strikes.

Persons: it's, —, Ivan Havryliuk, Volodymyr Zelenskyy, John Hardie, Hardie, Emil Kastehelmi, Zelenskyy, Mark Temnycky, Kastehelmi Organizations: Service, CNN, Russia, Foundation for Defense of Democracies, Maxar, Security Service, Ukraine, Technologies, Black Bird Group, Council's Eurasia Locations: Ukraine, Russia, Kursk, Oktyabrsky, Toropets, Russia's, Tver, —, Tikhoretsk, Krasnodar Krai, Republic, Adygea, Finnish

☆ Getting more F-16s is only half the battle. Ukraine also desperately needs to be training more pilots.
▼ + stars: | 2024-10-11 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +9 min

Ukraine needs more trained pilots to effectively build a reliable F-16 fighter fleet. AdvertisementUkraine desperately needs more trained pilots to effectively build a formidable F-16 fighter fleet, air warfare experts told Business Insider. AdvertisementTraining bottleneckF-16 training for Ukraine's pilots is being done by a coalition of countries, including the Netherlands, Canada, Denmark, the US, and Romania. "The number of F-16s we have in Ukraine, the number of pilots who have already been trained, is not enough," he said. AP Photo/Efrem LukatskyBohnert said the number of F-16s Ukraine is getting from its partners is "definitely not enough."

Persons: —, Michael Bohnert, Gordon, Skip, Davis, Bohnert, Volodymyr Zelenskyy, Efrem, Troels Lund Poulsen, George Barros, Ukraine's, Lockheed Martin, That's, Efrem Lukatsky, Lukatsky Bohnert, Zelenskyy, Russia's, it's Organizations: Training, Service, Ukraine, RAND Corporation, US Army, Defense Investment Division, REUTERS, Politico, AP, Danish Defense, General Dynamics, Lockheed, Associated Press, Ukrainian, Air, Patriot Air and Missile Defense, US Air Force Locations: Ukraine, Soviet, Netherlands, Canada, Denmark, Romania, Norway, Belgium, Kyiv, Ukrainian, Russia

☆ War analysts argue the West needs to break the industries keeping Russia's deadliest guns firing before it's too late
▼ + stars: | 2024-10-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

A new analysis identified several ways that the West can disrupt Russia's artillery supply chain. Analysts said the West needs to go after Russia's foreign imports before it's too late. Despite international sanctions meant to cripple Russia's war machine, Russia has maintained an edge over Ukraine when it comes to artillery production and rate of fire. AdvertisementThe analysts at RUSI said that the West needs to disrupt the industries that are keeping Russia's deadly and destructive howitzers firing before it's too late for Ukraine. However, the analysts said, "the longer the war continues, the more Russia's dependencies on foreign suppliers will become a weakness."

Persons: —, RUSI, it's Organizations: Service, Royal United Services Institute, Russian Defense Ministry Press Service, West, US Locations: Russia, Ukraine, Moscow, China, Iran, North Korea

☆ Russia's drive in one battlefront has cost it a staggering 1,800 combat vehicles
▼ + stars: | 2024-10-10 | by ( Lauren Frias | ) www.businessinsider.com time to read: +2 min

Russia has lost five divisions' worth of tanks and vehicles in the Pokrovsk region since last October. AdvertisementRussian forces have reportedly lost nearly 2,000 armored vehicles, tanks, and heavy equipment since launching its offensive in eastern Ukraine last October, an open-source researcher found. AdvertisementDespite the heavy equipment losses, Russian forces have yet to make concrete tactical gains in the region, only advancing about 25 miles toward the key Ukrainian city. Russian forces have also lost rockets, anti-aircraft systems, and drones in its offensive along the eastern front. This is a breakdown of the heavy losses that could jeopardize Russia's ability to expand its battlefield gains.

Persons: —, Ukraine's Organizations: Service, Institute for Locations: Russia, Pokrovsk, Avdiivka, Ukraine, Ukrainian, Donetsk, Vuhledar, Hrodivka

☆ Ukraine approves 'historic' war tax hike to help cover defense spending
▼ + stars: | 2024-10-10 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

The new law will raise war tax from 1.5% to 5% for residents. It comes as Ukraine seeks to bolster its finances amid its ongoing war with Russia. AdvertisementUkraine's parliament approved a war tax increase on Thursday. The new law will raise a military tax on residents from 1.5% to 5% and see corporate tax on banks' profits climb to 50% for the year. In a post on X, Zelenskyy said the trio had focused on "Euro-Atlantic integration and the military reinforcement of Ukraine."

Persons: —, Yaroslav Zhelezniak, Volodymyr Zelenskyy, Yuriy Dzhygyr, Zelenskyy, Keir Starmer, Mark Rutte Organizations: Service, Verkhovna Rada's, Reuters, Russia, Defence Forces, Russian Federation, Ukraine, of, British, NATO Locations: Ukraine, Russia, Ukrainian, Ukraine's, London

☆ Sanctions have put the production of Russia's most advanced stealth fighter in jeopardy, research group says
▼ + stars: | 2024-10-10 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Western sanctions have impacted Russia's production of Su-57 fighter jets, according to a research group. AdvertisementWestern sanctions are threatening Russia's production of its prized Su-57 fighter jet, according to a research group. "It's clear that Russia's military industry heavily depends on Western components, particularly in electronics," it said, adding that sanctions have put Russia's Su-57 production "in jeopardy." "There's no question that Western sanctions are having an impact on Russia's ability to generate its most sophisticated military systems," Spurling told BI. Western sanctions and the war in Ukraine have damaged Russia's economy, but their exact impact is difficult to quantify.

Persons: —, Russia's Su, Bryden Spurling, Spurling, Su, Justin Bronk, Anders Åslund, Alexandra Prokopenko, Putin, Jay Zagorsky Organizations: Frontelligence, Telegraph, Service, EA, RAND Europe, NATO, UK Ministry of Defence, Royal United Services Institute, Project Syndicate, Carnegie, Carnegie Russia Eurasia Center, Financial, Boston University's Questrom School of Business Locations: Russia, Ukraine, Astrakhan, Swedish, Carnegie Russia

☆ Ukraine hit 2 Russian ammunition depots in 2 days — hammering the latest in a deep strike on a military airfield
▼ + stars: | 2024-10-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Ukraine said it struck a military airfield in Russia overnight, marking the latest deep strike. AdvertisementUkrainian forces struck an ammunition depot at a military airfield in Russia overnight, the latest in a string of long-range attacks targeting Moscow's war machine. In the past two days, the Ukrainian military has said it caused damage at a key Russian ammunition depot, a drone storage facility, and now another ammo depot at an airfield. It's unclear if the latest ammunition depot stored these weapons. pic.twitter.com/17z39WI2YI — OSINTtechnical (@Osinttechnical) October 9, 2024Ukraine has targeted several Russian ammunition depots since mid-September.

Persons: —, Khanskaya, Russia's Su, Russia's, we've, We've Organizations: Service, Khanskaya, Base, 272nd Training Aviation Base, Ukrainian, GRAU Arsenal, Institute for Locations: Ukraine, Russia, Kyiv, Republic, Adygea, Ukrainian, Maykop, Adygea Republic, Khanskaya, Russia's Bryansk, North Korea, Iran, Karachev, Bryansk Oblast, Bryansk, Russia's Krasnodar, Crimea

☆ Russia's mass advantage against Ukraine should start declining by 2025, war expert says
▼ + stars: | 2024-10-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Russia is flooding Ukraine with men and equipment, but that should soon slow, analyst Michael Kofman said. Its high losses indicate its military is strained under its current level of aggression, he told the Intelligencer. AdvertisementRussia's numbers advantage against Ukraine is likely to start diminishing as soon as the end of this year, said US-based military analyst Michael Kofman. Russia's equipment can't last foreverKofman's first explanation is that Moscow has been replacing high equipment losses with Soviet-era weaponry, but even these reserve stocks can't last forever. "What it does mean is that the Russian military has increasingly been forced to adjust tactics to minimize their losses," he added.

Persons: Michael Kofman, Kofman doesn't, —, Intelligencer's Benjamin Hart, Kofman, it's, Hart, lim, Wes Organizations: Service, Kremlin, Carnegie Endowment, International, Soviet, UK Defense Ministry, Defence, adm, unc Locations: Russia, Ukraine, Kyiv, Moscow, Russian, Rus

☆ Trump's close relationship with Putin could come back to haunt the US
▼ + stars: | 2024-10-09 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +10 min

The relationship between Trump and Putin has long been a source of controversy. AdvertisementWith only a month to go before the presidential election, Donald Trump's relationship with Russian President Vladimir Putin has once again come under the spotlight. In a forthcoming book, journalist Bob Woodward says that the former president and Putin have a closer friendship than previously known. The Ukraine war has already roiled markets for food, oil, gas, and other products, and wider conflict could have an even more devastating impact. If Russian President Vladimir Putin is victorious in Ukraine, it may embolden Chinese leader Xi Jinping to invade Taiwan.

Persons: Trump, Putin, —, Donald Trump's, Vladimir Putin, Bob Woodward, Steve Cheung, Woodward, Robert Mueller, Yuri Gripas, Joe Biden, he'd, he's, JD Vance, Volodymyr Zelenskyy, Philip Ingram, Zelenskyy, Kenneth Rogoff, William Pomerantz, Vance, Xi, Ingram, Xi Jinping, Sergei Savostyanov, Jamie Dimon, Dimon, William Reinsch, Kamala Harris, Harris, Pomeranz Organizations: Service, CNN, Washington Post, Putin, Trump, Kremlin, REUTERS, Republicans, International Monetary Fund, Wilson Center, Getty, JPMorgan, CNBC, TV18, Center for Strategic, International Studies, Wall Street Locations: Ukraine, Russia, British, Europe, Washington ,, China, Russian, Taiwan, NATO, Asia, India, Pennsylvania

☆ Putin's weak response to Ukraine's advance on Russian soil appears to be rooted in a persistent fatal flaw
▼ + stars: | 2024-10-09 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Russia's weak response in Kursk shows Putin's leadership still has a major flawRussia's response was slow, allowing Ukraine to take territory, and it hasn't put a general in charge. Putin doesn't want a situation where "any general could claim credit for being the victor," an expert told BI. AdvertisementRussia's weak response to Ukraine's assault into Russian territory is partly due to a persistent flaw in Russian President Vladimir Putin's leadership, a warfare expert told Business Insider. Weeks after the start of the full-scale invasion, Russia put Gen. Aleksandr V. Dvornikov in charge of operations in Ukraine. Destroyed Russian military vehicles on the outskirts of Sudzha, in the Kursk region, in August.

Persons: hasn't, Putin, —, Vladimir Putin's, Michael Bohnert, Vladimir Putin, Bohnert, GRIGOROV, Weeks, Aleksandr V, KIRILL CHUBOTIN, Simon Sebag Montefiore, George Barros, Sergei Shoigu Organizations: Service, RAND Corporation, Getty, New York Times, UK Ministry of Defense, Russian, Moscow Times, Publishing, Institute for, Newsweek Locations: Kursk, Ukraine, Russia's Kursk, Russia, Moscow, Kremlin, Russian, Sudzha

☆ Trump versus Harris: What the November election means for defense stocks
▼ + stars: | 2024-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

No matter who voters choose, whether it is former President Donald Trump or Vice President Kamala Harris , Liwag doesn't expect a meaningful shake-up in the outlook for defense stocks. Still, the analyst notes that even cases where an administration cuts defense spending, stocks can still carve out gains. During the Obama administration, the defense budget fell 3.3%, but defense stocks gained 2.1%. The defense stocks Morgan Stanley covers have outperformed the S & P 500 since Russia's invasion of Ukraine, Liwag said. "Historically, the conventional wisdom has been that Republicans are positive for defense spending and defense stocks, while Democrats are negative," Harned said.

Persons: Bernstein, Douglas Harned, Lockheed Martin, Morgan Stanley, Kristine Liwag, Donald Trump, Kamala Harris, Liwag, Bernstein's Harned, Harned, Harris, Wolfe Research's, Tobin Marcus, Marcus, Ronald Epstein, Epstein, Trump, Northrop, Obama, Northrop Grumman, Morgan Stanley's, Michael Ciarmoli, Truist, Leonardo Organizations: P Aerospace, Defense, Industry, L3Harris Technologies, Lockheed, CNBC, " Bank of America, Democratic, Senate, Republican, U.S . House, Trump White House, Republican Senate, Trump, Abrams, Space Force, Northrop Grumman, General Dynamics, Hamas, Dynamics, Northrop, Gulfstream, Leonardo DRS, Moog, Republicans Locations: Ukraine, U.S, Russia, Crimea, Iran, Israel

☆ Ukraine says it struck a Russian ammo depot where North Korean weapons and devastating glide bombs were stored
▼ + stars: | 2024-10-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukraine said Wednesday it carried out a drone attack on a key Russian ammunition depot overnight. AdvertisementThe Ukrainian armed forces said that it carried out a drone strike on a major Russian ammunition depot overnight. The Russian military is said to have stored missiles and artillery shells, including munitions from North Korea, and highly destructive glide bombs at the targeted arsenal. Business Insider couldn't independently verify the video details or claims about the Ukrainian attack. Hundreds of secondary explosions have been reported at the key Russian ammunition dump, reportedly housing North Korean munitions.

Persons: —, couldn't, GRAU, tI1UUVCKzB, KvJBo2F6nn, Maria Avdeeva Organizations: Service, GRAU Arsenal, Unmanned Systems Forces, Arsenal, Missile and Artillery Directorate Locations: Ukraine, Russia, Russian, Karachev, Russia's, Bryansk, North Korea, Moscow, Kyiv

☆ Russia's economy faces an 'unsolvable trilemma' but can survive for several more years, think tank expert says
▼ + stars: | 2024-10-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Russia faces mounting economic issues that could prove "unsolvable," a think tank expert says. This will exacerbate economic imbalances at home, Alexandra Prokopenko wrote in the FT.Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Instead of hoping that Russia's economic combat power will soon be exhausted, the West must focus on a long-term strategy that will further constrain Putin's war machine and boost Ukraine's own economic resilience." In boosting spending to such heights, Russian President Vladimir Putin is effectively dismissing brewing economic imbalances as other parts of the budget become squeezed. By pouring more money into defense, the Kremlin is exacerbating existing economic imbalances," Prokopenko wrote, adding: "Putin faces an unsolvable trilemma of simultaneously maintaining a balanced financial system, meeting social obligations and sustaining defense spending at current levels."

Persons: Alexandra Prokopenko, —, Prokopenko, Prokopeko, Vladimir Putin, Putin, bode Organizations: Service, Carnegie Russia Eurasia Center, Financial Times, Defense, Putin, Kremlin Locations: Russia, Europe, Ukraine, Soviet, Moscow, stagflation

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