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☆ Ukraine carries out one of the largest-ever drone attacks on Moscow as Kursk incursion continues
▼ + stars: | 2024-08-21 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells as the Russia-Ukraine war continues in the direction of Toretsk, Ukraine, Aug. 19, 2024. Ukraine carried out one of the largest-ever drone attacks against Moscow on Wednesday, as Kyiv continues to launch counteroffensives on Russian soil. Russia's Defense Ministry said it destroyed 45 Ukrainian drones overnight, of which 11were over Moscow, according to a Google-translated update on Telegram. "This is one of the largest attempts to attack Moscow with drones ever. CNBC has reached out to Ukraine's Ministry of Defense and Ministry of Foreign Affairs for comment.

Persons: Sergei Sobyanin Organizations: Moscow, Russia's Defense Ministry, Russian, CNBC, Ukraine's Ministry of Defense, Ministry of Foreign Affairs Locations: Russia, Ukraine, Toretsk, Kyiv, Moscow

☆ Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.
▼ + stars: | 2024-08-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewRussia and China are planning to revive the age-old practice of barter trade to get around Western sanctions, Reuters reported on Thursday. Since barter trade doesn't require monetary payments, it would allow Russia and China to skirt such issues. Russia has used barter trade beforeIt would not be Russia's first time using barter trade. Problems with barter tradeEven so, barter trade isn't widely practiced in modern society. Russian authorities are working on other ways to skirt Western payment sanctions.

Persons: —, Alexandra Prokopenko Organizations: Service, Reuters, Business, Russia, Kommersant, United Arab, RIA Novosti, Carnegie Russia Eurasia Center Locations: Russia, China, Russian, Ukraine, United Arab Emirates, Turkey, Austria, Afghanistan, Iran, Pakistan, India

☆ Russia is reportedly receiving shipments of dollars and euros despite sanctions and efforts de-dollarize
▼ + stars: | 2024-08-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Russia has taken in billions in dollars and euros since 2022, Reuters reported. Allies have continued currency shipments despite the threat of Western sanctions. Russia has pushed to de-dollarize its economy, but the dollar is still needed for trade, experts say. Go to newsletter preferences Thanks for signing up! AdvertisementRussia is taking shipments of billions of dollars and euros, despite strict sanctions that banned currency exports to the nation since the start of the Ukraine war, according to Reuters.

Persons: — Organizations: Reuters, Service, Business Locations: Russia, Ukraine, Moscow

☆ Former Pentagon official Elbridge Colby on Middle East tensions, Russia-Ukraine war & 2024 election
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Pentagon official Elbridge Colby on Middle East tensions, Russia-Ukraine war & 2024 electionElbridge Colby, Deputy Assistant Secretary of Defense in the Trump administration, joins 'Squawk Box' to discuss the state of the Middle East tensions, Israel on high alert for a potential retaliatory attack from Iran, Russia-Ukraine war, impact of geopolitical tensions on the 2024 election, and more.

Persons: Elbridge Colby, Trump Organizations: Former Pentagon, Defense Locations: Middle, Russia, Ukraine, Israel, Iran

☆ US small drone production likely insufficient for potential wartime needs: report
▼ + stars: | 2024-08-12 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

US small drone production may not be ready to meet wartime needs, Defense One reported. The frequent use of drones in the Russia-Ukraine war has put drone production under the spotlight. Experts say the US needs to boost drone demand to increase production and close the gap with China. AdvertisementDespite the prevalence of small drones on the modern battlefield, the US is likely not producing enough of the technology to meet potential wartime needs, a report by Defense One said. While Russia has relied heavily on drones like the Iranian-made Shahed-136, Ukraine has found sucess with small first-person-view (FPV) drones — consumer drones that Ukrainian forces adapt for combat.

Persons: — Organizations: Defense, Service, Business Locations: Russia, Ukraine, China

☆ Russia's economy faces a demographic disaster and risks seeing its population reduced by half by the end of this century, think tank says
▼ + stars: | 2024-08-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Russia's population could shrink by half by the end of the century, an Atlantic Council report says. A shrinking population threatens Russia's economy and could result in worker shortages and low growth. Go to newsletter preferences Thanks for signing up! AdvertisementRussia's economy has a dire demographic problem on its hands, and the nation could see its population slashed in half by the end of the century, an Atlantic Council report says. The report from the Washington, DC, think tank — written by Harley Balzer, a professor emeritus at Georgetown University — points to Russia's long-running population decline.

Persons: —, Harley Balzer, Georgetown University — Organizations: Atlantic, Service, Georgetown University, Bank, Business Locations: Russia, Ukraine, Washington, DC

☆ Gen Z isn't impressed by Tesla cars. That should worry Elon Musk.
▼ + stars: | 2024-08-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

A recent survey of Morgan Stanley's 2024 interns found that the "Tesla 'cool factor' is cooling" among Gen Zers in the US. Despite competition in the EV market becoming stiffer than ever, Tesla has not majorly refreshed its aging car models in years. AdvertisementInstead, Musk has been pivoting Tesla's future toward robo-taxis, but Gen Z doesn't seem interested. Robo-taxis will likely not be Tesla's saving grace, as 51% of Gen Z interns surveyed said they thought owning or leasing a car would still be necessary by 2030. AdvertisementAnd, for the Gen Z interns surveyed, it probably won't be an EV at all.

Persons: —, Morgan Stanley's, Zers, Morgan Stanley, Mercedes, Ivan Drury, Elon Musk, Drury, Gen Zers, Tesla, Musk, Z Organizations: Service, BMW, Business, EV, McKinsey Locations: Edmunds, Ukraine

CNN —Ukrainian forces are pushing further into the Kursk region of Russia, in a cross-border incursion that surprised even American officials, multiple US and Ukrainian officials tell CNN. Ukrainian forces are comprised of a mix of Ukrainian regular and special operations units, unlike previous Ukrainian operations inside Russia that often involved undercover units and local sympathizers. Russia claimed on Thursday to have halted a Ukrainian incursion into its territory, but later said that some battles are ongoing in the Kursk region. Neither the Ukrainian military nor the government in Kyiv has publicly commented on the operation. A Russian military blogger Rybar reported on Wednesday that the Ukrainian military had established control over a gas transit station near the border.

Persons: Vladimir Putin, “ Sudzha, wasn’t, Alexei Smirnov, ”, Hochu, “, Kozak, Mick Ryan, Peter Stano, Karine Jean, Pierre, Biden, ” Jean, …, Niu York, HUR, Rybar, CNN’s Mariya Knight, Olga Voitovych Organizations: CNN, Russian Ministry of Defense, Russian Federal Security Service, Russian Defense, Telegram, Russian Ministry of Health, ., Federal Medical, Biological Agency, TASS, Reuters, Russian Defense Ministry, Futura, Institute for, Kyiv, Suspilne, Kyiv “, Ukraine Military Intelligence, LB, European Union, EU Locations: Kursk, Russia, Russian, Ukraine, Korenevsky, Ukrainian, Sudzhansky, Sudzha, Malaya Loknya, Kyiv, ”, Russia’s Kursk, Moscow, Pokrovsk, Niu, Toretsk, Europe

More than in any other foreign arena, Vance has sought to echo Trump on the Ukraine war. In doing so, he emphasized the thick vein of “scarcity politics” that runs through his foreign policy, arguing that the U.S. can’t equip Ukraine with enough materiel to hold back an opponent as vast as Russia. Vance described Ukraine ceding territory to Vladimir Putin as being in “America’s best interest” while appearing more supportive than Trump of remaining in NATO. The foreign policy views of Pence, vice president when Trump was in office, while not loved by everyone, were at least “mature” — they were informed by several terms experiencing the consequences of foreign policy becoming reality, according to Daniel Kurtzer, a former U.S. ambassador to Israel and now a professor at Princeton. Vance, on the other hand, brings “no foreign policy experience, certainly no expertise,” Kurtzer says, and he will fall in behind his boss when needed.

Persons: JD Vance, Donald Trump, ”, “, Vance, Clayton Allen, —, Anna Moneymaker, Trump, Bronwen Maddox, “ He’s, ” Allen, Biden, Vladimir Putin, Chatham House’s Maddox, Joe Biden, ” Vance, Patrick Baz, doesn’t, William Ruger, Israel, — Trump, Jair Bolsonaro, Viktor Orban, ” Trump, Stephen Maturen, Vance “, Dick, Cheney ”, George W, Allen, Hitler, Mike Pence, Pence, Daniel Kurtzer, ” Kurtzer, Benjamin Netanyahu, Charles Hollis, Hollis, Trump’s, ’ ”, Maddox, Grover Cleveland Organizations: Marines, Yale Law School, Gaza, Ohio, GOP, Eurasia Group, Republican Party, NATO, Republican National Convention, Democrat, Republicans, NAFTA, China, Getty, American Institute for Economic Research, Kremlin, Bloomberg, Trump, Princeton, United, Aperio Intelligence Locations: Iraq, U.S, Ukraine, Sierra Vista, London, Kyiv, Russia, lockstep, Europe, Mexico, Baghdad’s, Owerij, Ohio, Pennsylvania, Michigan, Great Barrington , Massachusetts, Ukrainian, Taiwan, “, St Cloud, Minn, Israel, China, Gaza, Saudi Arabia, Iran, United States, Montezuma, Canada

☆ The US is sending less natural gas to Europe, complicating Europe's plans to cut off Russian gas
▼ + stars: | 2024-08-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewEurope has pledged to wean itself from Russian natural gas following Moscow's invasion of Ukraine, but it's still buying the fuel. Europe's monthly imports of Russian liquefied natural gas — the supercooled version of natural gas that can be transported on ships — have been holding relatively steady, in the 850,000 to 1.6 million metric ton range, since the invasion of Ukraine, per Bloomberg records. This continued import of Russian fuel shows the complications of cutting off Russian gas completely in the global energy market. AdvertisementBefore the invasion, Europe imported over 40% of its natural gas from Russia — its single largest supplier and a major energy producer — mainly via pipelines. At the end of January, Europe imported 5.2 million tons of LNG from the US and just 1.5 million tons from Russia.

Persons: —, Masanori Odaka Organizations: Service, Bloomberg, Business, Brookings, Reuters Locations: wean, Ukraine, Europe, Russia, Asia, North Asia, Japan

☆ What a historic prisoner swap means for Vladimir Putin’s Russia
▼ + stars: | 2024-08-01 | by ( Nathan Hodge | ) edition.cnn.com time to read: +6 min

Among those headed back to Russia are convicted hackers and several Russian nationals detained in the West for spying. And the biggest prize for Russia was the return of Vadim Krasikov, a convicted hitman whose release had been publicly sought by Russian President Vladimir Putin. Anna Chapman, one of 10 Russian sleeper agents deported from the US in a 2010 prisoner swap, was also feted on her return to Russia. Britain blamed the poisoning on Russia; Russia has consistently denied involvement, although Putin referred to Skripal as a “scumbag” and a “traitor,” his contempt suggesting that Skripal had gotten his just desserts. The release of Russians in the swap means that Russia’s political climate is no less repressive.

Persons: Evan Gershkovich, Paul Whelan, Alsu Kurmasheva, Vladimir Kara, John le, Vadim Krasikov, Vladimir Putin, Krasikov, Zelimkhan, Tucker Carlson, Putin, Khangoshvili, ” Krasikov, Viktor Bout, Brittney, US Department of Justice –, Bout, Anna Chapman, Chapman, ”, Sergei Skripal, Skripal, Yulia, Novichok, Frank Augstein, Alexander Litvinenko, Litvinenko, Andrei Lugovoi, Dmitri Kovtun –, Lugovoi, Alexey Navalny, Navalny, Roman Abramovich, Hillary Clinton, Murza –, –, Alexandra Skochilenko Organizations: CNN, Wall Street, Russia, Berlin Police, US Department of Justice, Hollywood, St ., Economic, Russian, Kremlin, European, of Human Rights Locations: American, Ukraine, Russia, Chechen, Berlin, Russian, St, St . Petersburg, United Kingdom, English, Salisbury, Britain, England, British, Moscow, Washington, United States

☆ Ukraine's US-provided Bradley armored fighting vehicles are turning heads in tough battles against Russia
▼ + stars: | 2024-07-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

Read previewIn a snowy landscape near Stepove in eastern Ukraine, Russian and Ukrainian armored vehicles went head-to-head in what appeared to be a mismatched fight. The Russian tank's turret starts spinning, and then the tank veers off course and crashes into a tree. Advertisement"So armored vehicles dash in, fulfill their combat mission, and then withdraw as fast as they can," said Gressel. Only weeks later, a Bradley took out two BTR-82 Russian armored troop carriers in the same region. AdvertisementParakilas, the RAND analyst, said that the Pentagon is modifying the Bradley vehicles to better defend them against the drone and air attacks that proved devastating against the western-supplied armored vehicles in summer 2023.

Persons: —, Vladimir Putin, Bradley, IFV, Gustav Gressel, Jacob Parakilas, Gressel, Scott Peterson, they've, Abrams Organizations: Service, 47th Mechanized Brigade Bradley, Business, Bradley, Ukraine, Russia, European Council, Foreign Relations, RAND Corporation, CNN, Washington Post, American, LB, Getty, RAND Locations: Stepove, Ukraine, Ukrainian, Russian, Russia, Zaporizhzhia, Baghdad, Adviikva

☆ Another Israeli war could put a strain on the West's artillery production, with Ukraine paying a price
▼ + stars: | 2024-07-24 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Significant pressure on productionThe US and Europe have ramped up artillery production rates to try to outgun Russia and meet Ukraine's battlefield needs. However, he noted that Israel would fight a "very" different type of war with Hezbollah than Ukraine is fighting with Russia. Ukraine could pay a priceCancian doesn't believe that Ukraine would run out of artillery projectiles. Levantovscaia said diverting artillery to Israel could potentially cost Ukraine the war, but said she wasn't "100% sold," and that Ukraine's innovation and determination could counterbalance that. Even so, Temnycky said that any new limits on arms and ammunition would "certainly" make the objective of winning the war in Ukraine harder.

Persons: —, Daniel Hagari, Raphael Cohen, Kathryn Levantovscaia, Jeff Jurgensen, Levantovscaia, Mark Temnycky, RAND's Cohen, Israel, Mark Cancian, Cohen, Temnycky Organizations: Service, Hezbollah, Israel Defense Forces, Business, Israel's Air Force, Russia, RAND Project Air Force, Forward Defense, Strategy, Defense Ministry, Pentagon, CNN, Council's Eurasia, Hamas, Marine, Center for Strategic, International Studies, RAND, Israel, Ukraine Locations: Israel, Iran, Lebanon, Gaza, Ukraine, Europe, Russia, United States

☆ Russia Cemetery Expansion Doubled Since Start of Ukraine War: Report
▼ + stars: | 2024-07-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Russia is spending over twice as much on expanding its cemeteries than in 2020, according to the Moscow Times. Thousands of Russian soldiers have died in Ukraine, in part due to mass deployment and attrition. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia more than doubled spending on cemetery expansion projects during the first two years of its full-scale invasion of Ukraine compared to the two years preceding it, according to The Moscow Times. It reported that Russian regions spent over $2.5 million on cemetery expansion in 2023, and around $1.3 million in 2022, for a total of about $3.8 million.

Persons: — Organizations: Moscow Times, Service, Business Locations: Russia, Ukraine

☆ Unusual photos show A-10 attack aircraft built to hunt tanks escorting a ballistic missile submarine
▼ + stars: | 2024-07-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewNewly released US Navy photos captured an unusual sight: multiple US Air Force A-10 Thunderbolt II aircraft — ground-attack planes built for close-air support and anti-tank missions — escorting a ballistic missile submarine at sea last week. An A-10 Thunderbolt II aircraft above the ballistic missile submarine USS Wyoming on July 15. Related storiesThe A-10s that flew above the submarine USS Wyoming recently are assigned to Moody Air Force Base in Georgia. An A-10 Thunderbolt II aircraft above the ballistic missile submarine USS Wyoming on July 15. Earlier this year, several Warthogs were photographed escorting the ballistic missile submarine USS Nebraska in the Pacific Northwest alongside US Coast Guard vessels.

Persons: — Organizations: Service, Navy, US Air Force, Thunderbolt, Business, Submarine, Air Force, Coast Guard, US Navy, Moody Air Force Base, Trident, US Coast Guard Locations: Georgia, Wyoming, an Ohio, Ukraine, East, Ohio, Nebraska, Pacific Northwest

☆ What the West's foes may be learning from the Ukraine war
▼ + stars: | 2024-07-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementShe explained that from a tactical perspective, Ukraine and Russia are learning much about each other, and in response, the cycles of adaptation and countermeasures are rapidly compressing. "Russia's allies and their partners are learning from them, and this is now a currency that Russia has to give to Iran, China, North Korea — that learning of our equipment." Iran and North Korea have collectively outfitted Russia with a bunch of lethal aid, including missiles, rockets, artillery shells, and drones. Photo by ANONYMOUS/Middle East Images/AFP via Getty ImagesChina's support for Russia as it wages war in Ukraine has been more discreet. Experts and officials have also said that North Korea is likely learning about how its weapons perform in actual combat conditions.

Persons: —, Dara Massicot, Massicot, Baiba Braže, Alina Smutko, Tehran's, Abrams, ALEXANDER NEMENOV, It's, Luke Coffey, Iran's Organizations: Service, NATO, Business, Carnegie Endowment, International, Latvia's, Mechanized Brigade, REUTERS, Getty, CNN, Russian, Army Tactical Missile, West, Ukraine —, Hudson Institute, North, General Staff, Ukrainian Armed Forces, Institute for, Ukraine Locations: Ukraine, Russia, Washington, Iran, China, North Korea, Moscow, Iranian, Kermanshah, Beijing, Tehran, Pyongyang, AFP, Israel, Korea, Ukrainian, X

☆ A top JP Morgan strategist predicted in January that Biden would drop out. Here's what else was in that analyst's list of top 10 'surprises' to look out for in 2024.
▼ + stars: | 2024-07-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewJPMorgan Asset Management strategist Michael Cembalest was right on the money when he predicted that President Joe Biden would drop out from the 2024 presidential race. Cembalest, who chairs the company's market and investment strategy, made the prediction in his list of "top 10 possible surprises for 2024." "President Biden withdraws sometime between Super Tuesday and the November election, citing health reasons. Biden passes the torch to a replacement candidate named by the Democratic National Committee," Cembalest wrote. For one, Cembalest wrote in his list that "the driverless car backlash is coming."

Persons: —, Michael Cembalest, Joe Biden, Cembalest, Biden, Kamala Harris, Harris, Jake Sullivan, Christopher Cavoli, Cavoli Organizations: Service, Management, Business, Super, Biden, Democratic National Committee, Democratic Party, EV, Elon, Russia, US, Armed, Committee, Cembalest, JPMorgan Asset Management, BI Locations: Ukraine, Russia

☆ EU moves high-level meetings out of Budapest to protest Orbán’s Ukraine war stance
▼ + stars: | 2024-07-22 | by ( Caitlin Danaher | ) edition.cnn.com time to read: +3 min

“I can say that all member states, with one single exception, were very much critical about this behavior,” he added. “European Union policy is not a pro-war policy. Borrell’s decision comes after European Council President Charles Michel firmly hit back at Orbán’s claim that the EU has led a “pro-war policy” in a letter published last week. “Russia is the aggressor and Ukraine is the victim exercising its legitimate right to self-defense. Russia is leading a war of aggression in blatant violation of international law, Ukraine’s territorial integrity and sovereignty in accordance with the UN Charter,” Michel wrote.

Persons: Viktor Orbán, ” Borrell, “, ’, ” Borrel, Putin, Borrell’s, Charles Michel, ” Michel, Orbán, Vladimir Putin, Xi Jinping, Donald Trump, Orban, Ursula von der Leyen, ” Orban, Niamh Kennedy, James Frater, Amy Cassidy, Jennifer Hansler Organizations: London CNN, European Union, Union, European, EU, UN, Ukraine “, CNN Locations: Budapest, Brussels, Hungary, Ukraine, Hungary’s, Hungarian, Russia, Moscow, Beijing, Florida

☆ Ukraine war: European nations turn to conscription as threat of wider war with Russia grows
▼ + stars: | 2024-07-21 | by ( Radina Gigova | ) edition.cnn.com time to read: +12 min

Several European nations have reintroduced or expanded compulsory military service amid Moscow’s mounting threat, part of a range of policies aimed at boosting defenses that are likely to be scaled up even further. Compulsory military service was reintroduced on January 1 this year, after being abolished in 2006. In the UK, the Conservatives floated the idea of military service in their ill-fated election campaign. In Lithuania, for instance, opinions about military service among students vary, said Paulius Vaitiekus, president of Lithuania’s National Students’ Union. However as an alliance we do not prescribe mandatory military service,” Dakhlallah said.

Persons: ”, Robert Hamilton, Vladimir Putin “, Wesley Clark, we’ve, Clark, “, Arturs Pīlācis, Ints Kalnins, Jonas Gahr Støre, Jens Bartnes, ” Bartnes, Max Henrik Arvidson, Boris Pistorius, Thomas Frey, Sean Monaghan, Paulius Vaitiekus, Vaitiekus, Monaghan, Hamilton, it’s, ” Radebo, Mikael Sjoberg, Russia’s, Farah Dakhlallah, Dakhlallah, ” Dakhlallah, ” Monaghan, Donald Trump –, ” Clark Organizations: CNN, Foreign Policy Research Institute, US Army, Allied, Europe, NATO, ” Latvian, Reuters, European Union, Conservatives, Federal, of Defense, Eurasia Program, Center for Strategic, International Studies, Lithuania’s, ’ Union, Finnish Defence Forces, Swedish Armed Forces, Marinette, Ministry of Defense, Bloomberg, Getty Locations: Russia, Ukraine, Kyiv, Europe, Eurasia, Kosovo, Scandinavia, Latvia, ”, Riga, Norway, Norwegian, Germany, B'chel, Lithuania, Ukrainian, NATO, Finland, Soviet Union, Sweden, NATO’s, Swedish, Gotland, Visby, Moscow, Crimea

☆ Trump says he had ‘a very good phone call’ with Zelensky, discussed Russia-Ukraine war
▼ + stars: | 2024-07-19 | by ( Kristen Holmes | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump said he “had a very good phone call” with Ukrainian President Volodymyr Zelensky on Friday. It also comes amid concerns in Europe about what Trump’s policy toward the Russia-Ukraine war would be if he were to win the presidential election in November. “President Zelenskyy of Ukraine and I had a very good phone call earlier today. Trump and Zelensky also have their own history. Last week, when Zelensky was in the US, he said that “everyone is waiting for November,” including Putin.

Persons: Donald Trump, “, Volodymyr Zelensky, Trump, Zelenskyy, ” Trump, Zelensky, ” “, ”, ” Zelensky, Russia –, Joe Biden, Hunter, Putin, Biden, Kylie Atwood, Mariya Knight Organizations: CNN, White, Republican, Republican National Convention, Kyiv, NATO, Trump, White House, Ukraine Locations: Europe, Russia, Ukraine, United States, Pennsylvania, American, Kyiv, Washington

☆ Russian inflation will soar even higher as sanctions spark another surge in gas prices, British intelligence says
▼ + stars: | 2024-07-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Russian inflation will likely rise after the nation hiked its gas prices, British Intelligence said. Russia raised domestic gas prices 11% at the start of July. Inflation in Russia has remained elevated since the Ukraine war, clocking in at 8% in June. AdvertisementRussian inflation will worsen after a sudden spike in gas prices, according to a new report from the UK intelligence. Domestic gas prices in Russia spiked 11% at the start of July, likely to make up for industry losses stemming from Western sanctions, the note said.

Persons: — Organizations: British Intelligence, Service, British Ministry of Defence, Business Locations: Russia, Ukraine

☆ Germany's plan to halve military aid to Ukraine is a gift to Trump, expert says
▼ + stars: | 2024-07-19 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewA draft budget approved by Germany's government shows the country is planning to halve its military aid to Ukraine next year. The draft budget slashes the amount promised to Ukraine to $4.35 billion in 2025, compared to the roughly $8.14 billion it is receiving this year, Reuters reported. There are fears that Trump will scale back or even totally halt US aid to Ukraine. Germany is the second-biggest donor country by volume of military aid to Ukraine and is Europe's biggest economy. As such, the draft budget is a "moral hazard" for the country, Loss said.

Persons: —, Christian Lindner, Lindner, Rafael Loss, Donald Trump, Mary, Trump, he's, MAGA, JD Vance, there's, Olaf Scholz, Scholz Organizations: Service, Reuters, German, Business, European Council, Foreign Relations, Ukraine, Politico, Trump Loss, NATO Locations: Ukraine, Germany, Berlin, Europe

☆ Pentagon leaker Jack Teixeira to face military court martial charges
▼ + stars: | 2024-07-18 | by ( Haley Britzky | ) edition.cnn.com time to read: +3 min

CNN —Massachusetts Air National Guardsman Jack Teixeira, who in March pleaded guilty in a civilian court to willfully retaining and leaking classified intelligence, is now facing charges in military court, the Air Force announced. Teixeira — who was arrested last April after allegedly sharing classified intelligence on the social media platform Discord — is being charged with disobeying a direct order and obstructing justice under the Uniform Code of Military Justice, an Air Force spokesperson said. The Air Force requested the new charges against Teixeira in May and the charges were officially referred on July 2. CNN has previously reported that three internal Air Force memos revealed multiple instances in which his leadership observed and warned that he was inappropriately accessing classified information. His court martial trial will be held at Hanscom Air Force Base, Massachusetts, the Air Force spokesperson said, but the date has yet to be determined.

Persons: Jack Teixeira, Teixeira —, Teixeira, ”, Rachel VanLandingham, “ He’s, he’ll, squish, VanLandingham, “ They’re, 102nd Intelligence Wing — Organizations: CNN, Massachusetts Air National, Air Force, Military Justice, The Air Force, Air Force National Guard, Force, ” CNN, Hanscom Air Force Base, US Air Force, Southwestern Law School, 102nd Intelligence Locations: Russia, Ukraine, Massachusetts

☆ When does JD Vance speak tonight? The new heir to Trump’s MAGA movement steps into the spotlight
▼ + stars: | 2024-07-17 | by ( Steve Contorno | ) edition.cnn.com time to read: +10 min

“It’s very clear that Trump wants someone who can carry the movement on,” a person close to Trump told CNN said of the Vance selection. The two became close friends, a relationship that helped Vance earn Trump’s endorsement in a contested primary for an open Ohio Senate seat. As a senator, Vance quickly won over the thought leaders of Trump’s populist movement. Vance and Trump Jr. embraced on the convention stage Tuesday afternoon as they prepared for their moments in the spotlight. Challenges certainly remain for Vance to maintain his position as next in line to the throne in Trump’s party.

Persons: Sen, JD Vance, Donald Trump’s, – Vance, Vance, MAGA, “ Mr, ”, Trump, Mike Pence, “, Vance shouldn’t, Trump’s, Doug Burgum, Marco Rubio, Jack Posobiec, George Bush, ” Vance, Donald Trump Jr, reconsidering, Ohio State University and Yale Law –, Tucker Carlson, Steve Bannon –, ” Bannon, Carlson, “ I’ve, Donald Trump, JD, Kat Cammack, doubters, Nikki, Haley, Black, Mike DeWine, Pence, Vance “, Ronald Reagan, George Herbert Walker Bush, Scott Walker, Michelle Crawford, ” Crawford, Ron DeSantis, DeSantis, ” Posobiec, could’ve, would’ve, ” John Fredericks, Glenn Youngkin, ” Fredericks, “ Trump, Jeff Zeleny, Alayna Treene Organizations: CNN, Republican, Convention, Gettysburg, Ohio State, Trump, North Dakota Gov, Marines, Ohio State University and Yale Law, Conservative, Capitol –, Politico, Trump Jr, Senate, Republicans, GOP, Wisconsin Gov, “, Iowa Federation of Republican Women Locations: Milwaukee, Ohio, Michigan, Washington, America, Russia, Ukraine, Florida, Trump, Iowa, Virginia

☆ Pushing Quick End to Ukraine War, Orban Plays Trump’s Messenger to E.U.
▼ + stars: | 2024-07-16 | by ( Matina Stevis-Gridneff | ) www.nytimes.com time to read: +1 min

After meeting with Donald J. Trump at his Mar-a-Lago home on Thursday, Prime Minister Viktor Orban of Hungary wrote to a top E.U. official to say that Mr. Trump had told him he was planning a swift push for a peace deal between Russia and Ukraine. Mr. Trump’s view, the letter explained, was that the war had to end, and that he had specific plans to broker this outcome quickly, even before being inaugurated, if he were elected. It did not offer details about how Mr. Trump would end the intractable war, now in its third year, other than to indicate that he would reduce American financial support for Ukraine. Mr. Orban is closely aligned with Mr. Trump and is the fiercest critic-from-within of the European Union’s staunch backing of Ukraine.

Persons: Donald J, Trump, Viktor Orban, Hungary, Trump’s, Orban Organizations: The New York Times, Mr Locations: Russia, Ukraine

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