Tag Archives: Breaking news

Latest news on Russia and the war in Ukraine

Three ships leave Ukrainian ports under Black Sea Grain Initiative

The Malta flagged bulk carrier Zante en-route to Belgium transits the Bosphorus carrying 47,270 metric tons of rapeseed from Ukraine after being held at the entrance of the Bosphorus due to Russia pulling out of the Black Sea Grain agreement on November 02, 2022 in Istanbul, Turkey.

Chris Mcgrath | Getty Images

Three vessels carrying 105,500 metric tons of grain and other food products have left Ukrainian ports, the organization overseeing the export of agricultural products from the country said.

The ships are destined for Spain, Turkey and Djibouti and are carrying wheat and corn.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and saw three key Ukrainian ports reopen.

So far, more than 670 ships have sailed from Ukrainian ports.

— Amanda Macias

State Department reaffirms Finland and Sweden’s ascension to NATO

U.S. State Department spokesman Ned Price holds a press briefing on Afghanistan at the State Department in Washington, August 16, 2021.

Kevin Lamarque | Reuters

The State Department reaffirmed U.S. support for Finland and Sweden’s ascension to NATO as Hungary and Turkey consider ratifying the two nations into the alliance.

“You’ve heard this from the administration. You’ve heard this from members of Congress, we strongly support their NATO candidacies, Finland and Sweden are ready to join the alliance. They are ready to join the alliance because of their military capabilities and abilities,” State Department spokesman Ned Price said during a press briefing.

“We are also cognizant of the fact that those who may be behind what has taken place in Sweden may be engaging in an intentional effort to try to weaken unity across the Atlantic and within and among our European allies and partners. We feel that Finland and Sweden are ready to be NATO allies,” he added.

Price added that Sweden and Finland will have to discuss the next steps with Turkey.

— Amanda Macias

Ukraine’s agricultural minister says Russia waging an economic war on food security

Farmers are seen harvesting wheat in Druzhkivka, Ukraine on 7 August, 2022.

Anadolu Agency | Anadolu Agency | Getty Images

The Minister of Agrarian Policy and Food of Ukraine Mykola Solskyi said that Russia is purposefully delaying the inspection of ships associated with the Black Grain Sea Initiative.

“Russia hides a single goal: to inflict not only a military defeat on Ukraine but also an economic one; to weaken the financial position of our international partners and to cause a migration crisis, which will exacerbate existing problems,” Solskyi said in a speech at the Conference of Agriculture Ministers in Berlin.

“Now Ukraine needs the support of the international community and systemic solutions in the context of Russian sabotage of the grain corridor,” he added.

— Amanda Macias

Norway detains former commander of Russian paramilitary group Wagner

A pedestrian walks past a mural depicting the logo of the Russian mercenary ‘Group Wagner’ and a slogan in Russian by the informal pro-Russia organisation ‘Narodna Patrola (lit.: People Patrol), on January 20, 2023 in Belgrade, Serbia.

Srdjan Stevanovic | Getty Images

Norwegian police have detained a former commander of Russia’s Wagner mercenary group who recently fled to Norway, but denied suggestions that he might be deported to Russia.

A Russian prisoners’ rights group, Gulagu.net, published a recording of a phone interview with Andrei Medvedev in which he urged Norway to let him stay and testify against the private military group, which has been fighting Ukrainian forces in some of the most brutal battles of the war.

Medvedev said he had been detained and handcuffed on Sunday at a hotel where he was staying and taken to a detention center. Gulagu.net said Medvedev had been told he faced deportation.

Asked about the claim, a Norwegian police spokesperson said: “No, this is not correct,” without elaborating.

Medvedev’s Norwegian lawyer, Brynjulf Risnes, put the risk of his being deported at “zero,” adding he had been detained due to “disagreement” about measures taken to ensure his safety.

“He is under very strict security measures and we disagree about the way they are applied. These have caused frictions,” Risnes told Reuters.

— Reuters

‘The Russian war against Ukraine is a predatory one,’ Zelenskyy says

Ukrainian President Volodymyr Zelenskyy speaks during a press conference in the western Ukrainian city of Lviv on January 11, 2023, amid Russian invasion of Ukraine.

Yuriy Dyachyshyn | Afp | Getty Images

Ukrainian President Volodymyr Zelenskyy slammed Russia’s war in Ukraine and called it a “robbery.”

“Robbery is reigning. Everything they have not destroyed, they are stealing and shipping to Russia, everything,” Zelenskyy said in an address before the U.S. National Association of State Chambers.

“Russians are stealing grain and agricultural machinery from Ukrainian farmers. The occupiers dismantle the factories and send the equipment to Russia. Warehouses, shops and people’s homes are being looted. And they kidnap people – they see people as a resource,” Zelenskyy added, referencing reports of forced deportation.

Under international law, forced deportations of people are considered a war crime.

— Amanda Macias

Former FBI counterintelligence agent charged for helping Russian oligarch Deripaska

Charles McGonigal, the former head of counterintelligence for the FBI’s New York office.

Source: Greatdecisions.tv

Charles McGonigal, who once headed the FBI’s counterintelligence operations in New York, was criminally charged for allegedly assisting oligarch Oleg Deripaska in an effort to get off the U.S. sanctions list, and with investigating another Russian oligarch.

McGonigal was charged along with former Russian diplomat Sergey Shestakov, who worked as a U.S. federal courts translator and allegedly participated in efforts to help Deripaska after McGonigal retired in 2018.

Authorities noted that McGonigal had previously investigated Deripaska, who was put on the list of Russian nationals sanctioned by the U.S. due to their nation’s conflict with Ukraine.

— Dan Mangan

Secretary Yellen discusses ways to mitigate impacts of Russia’s war with Zambia’s president

Janet Yellen, US Treasury secretary, speaks during a Financial Stability Oversight Council (FSOC) meeting at the Treasury Department in Washington, DC, US, on Friday, Dec. 16, 2022.

Ting Shen | Bloomberg | Getty Images

Treasury Secretary Janet Yellen will meet with President of Zambia Hakainde Hichilema to discuss ways to mitigate “significant global economic headwinds” caused by Russia’s war in Ukraine.

“President Hichilema and I will discuss how Zambia can help to tackle global challenges that have serious ramifications at the national level, including food security, which has worsened in this country and globally over the past year, as well as investing in healthy populations and preparedness for future health shocks,” Yellen said ahead of the bilateral meeting.

Yellen last held a bilateral with Hichilema in December where the two focused on ways to deepen economic integration.

— Amanda Macias

UN says more than 7,000 killed in Ukraine since start of war

An elderly man walks among the graves of unidentified people, killed during Russian occupation, who were reburied from a mass grave in the small Ukrainian town of Bucha, near Kyiv, on January 12, 2023.

Sergei Supinsky | Afp | Getty Images

The United Nations has confirmed at least 7,068 deaths and 11,415 injuries in Ukraine since Russia invaded its ex-Soviet neighbor nearly a year ago.

The Office of the U.N. High Commissioner for Human Rights said the death toll in Ukraine is likely higher, because the armed conflict can delay fatality reports.

“Most of the civilian casualties recorded were caused by the use of explosive weapons with wide area effects, including shelling from heavy artillery, multiple launch rocket systems, missiles and air strikes,” the international organization wrote in a release.

— Amanda Macias

US Ambassador to the UN will visit Ghana, Mozambique and Kenya to discuss food insecurity triggered by Russia’s war

New US Ambassador to the United Nations, Linda Thomas-Greenfield speaks after meeting with UN Secretary-General Antonio Guterres at the United Nations on February 25, 2021 in New York City.

Angela Weiss | AFP | Getty Images

U.S. Ambassador to the United Nations Linda Thomas Greenfield will travel to Ghana, Mozambique and Kenya to discuss food insecurity triggered by Russia’s war in Ukraine.

Last week, Thomas Greenfield demanded Russia cooperate in the Black Sea Grain Initiative and blamed a backlog of ships loaded with crucial food supplies on “Russia’s deliberate slowdown of inspections.”

“This backlog means extra expense and extra delay for millions of tons of grain, a majority of which is destined for developing countries. The backlog means 2.5 million tons of grain are just sitting there, waiting to move,” she said before the U.N. Security Council, adding that some vessels have been waiting for over a month.

Since the deal was signed, more than 670 ships carrying 18.3 million metric tons of grain and other food products have left Ukrainian waters.

— Amanda Macias

Former British Prime Minister Boris Johnson visits Zelenskyy in Kyiv

Ukraine’s President Volodymyr Zelenskiy welcomes former British Prime Minister Boris Johnson, amid Russia’s attack on Ukraine, in Kyiv, Ukraine January 22, 2023.

Ukrainian Presidential Press Ser | Via Reuters

Former British Prime Minister Boris Johnson traveled to Kyiv to meet with Ukrainian President Volodymyr Zelenskyy.

“It is a privilege to visit Ukraine at the invitation of president Zelenskyy. The suffering of the people of Ukraine has gone on for too long. The only way to end this war is for Ukraine to win and to win as fast as possible,” Johnson wrote in a statement following the visit.

“This is the moment to double down and to give the Ukrainians all the tools they need to finish the job. The sooner Putin fails, the better for Ukraine and for the whole world,” he added.

Johnson, who was one of the first world leaders to visit Zelenskyy following Russia’s invasion, quickly became one of the most visible Western supporters of Ukraine. He resigned from the prime minister post in July.

— Amanda Macias

UK and Russian national charged with attempting to evade sanctions related to Russian oligarch Viktor Vekselberg’s $90 million yacht

The yacht called “Tango” owned by Russian billionaire Viktor Vekselberg, who was sanctioned by the U.S. on March 11, is seen at Palma de Mallorca Yacht Club in the Spanish island of Mallorca, Spain March 15, 2022.

Juan Medina | Reuters

Two businessmen from Russia and the UK were charged in separate indictments for attempting to evade sanctions linked to a $90 million luxury yacht owned by Russian oligarch Viktor Vekselberg.

Vladislav Osipov, 51, a dual Russian and Swiss national, and Richard Masters, 52, a British national, were charged Friday with conspiracy to defraud and to commit offenses against the United States as well as money laundering.

According to U.S. federal prosecutors, Osipov used a complex web of shell companies to hide Vekselberg’s ownership of the 255-foot seized yacht

“Despite that Vekselberg designed the yacht, was the sole user, and was the ultimate beneficial owner,” prosecutors wrote in a release.

Masters was arrested by Spanish authorities on Friday and awaits extradition to the United States whereas, Osipov’s arrest warrant is outstanding.

— Amanda Macias

Top U.S. spy agency says more security assistance from allies is crucial for Ukraine to prevail

Ukrainian soldiers outside the strategic city of Bakhmut on Jan. 18, 2023, in Bakhmut, Ukraine.

Spencer Platt | Getty Images News | Getty Images

The director of America’s top spy agency described Russia’s war in Ukraine as a “grinding conflict” that will require the West to continue to provide security assistance packages in order for Kyiv to prevail.

U.S. Director of National Intelligence Avril Haines told CNN’s Fareed Zakaria during a panel discussion at the World Economic Forum on Sunday that both Ukrainian and Russian militaries are facing significant challenges but the war had not reached a stalemate.

“It’s not a stalemate but really, a grinding conflict where quite literally, we’re talking about hundreds of meters being fought over in the context of the frontlines,” Haines said in Davos, Switzerland.

“It will be extremely important for Ukraine to receive essential military assistance and economic assistance moving forward in order for them to be able to continue to manage what they have been heroically doing,” she added.

Read the full story here.

— Amanda Macias

Lying-in-state ceremony takes place for Ukrainian officials killed in helicopter crash

The portrait of late First Deputy Minister of Internal Affairs of Ukraine Yevhenii Yenin is pictured during the lying-in-state ceremony of the leadership of the Ukrainian Ministry of Internal Affairs who perished in the Brovary helicopter crash at the Ukrainian House, Kyiv, capital of Ukraine.

Future Publishing | Future Publishing | Getty Images

Ukrainians attend a lying-in-state ceremony of the leadership of the Ukrainian Interior Ministry who perished in a helicopter crash last week in Brovary, on the outskirts of Kyiv.

The helicopter, which belonged to the State Emergency Service, crashed near a kindergarten and a residential building, killing 14 people, including a child. All those onboard the helicopter died, including Interior Minister Denys Monastyrskyy, his First Deputy Yevhenii Yenin and Interior Ministry’s State Secretary Yurii Lubkovych.

An investigation is being carried out into the crash, which President Zelenskyy described as a “terrible tragedy.”

Relatives mourn late First Deputy Minister of Internal Affairs of Ukraine Yevhenii Yenin during the lying-in-state ceremony of the leadership of the Ukrainian Ministry of Internal Affairs who perished in the Brovary helicopter crash at the Ukrainian House, Kyiv, capital of Ukraine.

Hennadii Minchenko | Future Publishing | Getty Images

President of Ukraine Volodymyr Zelenskyy and his spouse Olena Zelenska pay their last respects to the leadership of the Ukrainian Ministry of Internal Affairs who perished in the Brovary helicopter crash during the lying-in-state ceremony at the Ukrainian House, Kyiv, capital of Ukraine. On Wednesday morning, January 18, a helicopter of the State Emergency Service crashed near a kindergarten and a residential building in Brovary, Kyiv Region.

Yurii Lubkovych | Future Publishing | Getty Images

Ukraine needs hundreds of tanks, official says

Ukraine needs several hundred tanks to combat Russia, the head of the Office of the President of Ukraine said Monday.

“We need tanks not 10-20, but several hundred,” Andriy Yermak said on Telegram, according to a Google translation.

He said Ukraine’s goal was the re-establishment of Ukraine’s borders of 1991 — when the country declared independence from the USSR — and for Russia to be punished for its invasion of Ukraine.

There is still uncertainty over whether European countries will send Leopard 2 tanks to Ukraine, after no decision was reached during a defense summit last Friday. Kyiv has repeatedly urged its allies to give it tanks to help it defeat Russia’s ongoing invasion.

A Ukrainian tank fires at Russian positions near Kreminna, Lugansk region, on January 12, 2023, amid the Russian invasion of Ukraine.

Anatolii Stepanov | Afp | Getty Images

Senior official Yermak said that “the common goal of democracy in the fight against autocracy is to ensure stable development and a clear world order. Without the victory of Ukraine, none of this will happen.”

He added, “That is why every tank capable of fighting must be on our front today. Because this is not only the Ukrainian front. This is the front of civilization against backwardness and barbarism from the swamps.”

— Holly Ellyatt

Conflict between Russia and the West closer to a real war, Russian official says

Russian Minister of Foreign Affairs of Sergei Lavrov speaks during a press conference after his meeting with South African Minister of International Relations and Cooperation Naledi Pandor at the OR Tambo Building in Pretoria on January 23, 2023.

Phill Magakoe | Afp | Getty Images

Russian Foreign Minister Sergey Lavrov said the conflict between Russia and the West is playing out in Ukraine and can no longer be defined as a “hybrid war” but is closer to a real one.

“When we talk about what is happening in Ukraine, we are talking about the fact that this is no longer a hybrid war, but a real one, which the West has been preparing for a long time against Russia,” he said at a press conference on Monday following talks with South African Foreign Minister Naledi Pandor, state news agency Tass reported.

Lavrov claimed the West was “trying to destroy everything Russian — from language to culture, which has been in Ukraine for centuries, and forbidding people to speak their native language,” he said.

Lavrov made the comments during a diplomatic trip to South Africa in which he also claimed Ukraine had blocked negotiations to end the war.

“In September, President Zelenskyy signed a decree prohibiting all Ukrainian officials to negotiate on anything with the Russian Federation. So I believe it is absolutely obvious as regards the origin of the problem of lack of negotiations.”

Ukraine has said it is willing to negotiate once President Putin is not in power, and when all Russian forces have left its territory. It says it will fight until it has reclaimed all its territory, including Crimea which was annexed in 2014 by Russia.

— Holly Ellyatt

Germany stresses importance of international support to Ukraine

Foreign Minister Annalena Baerbock stands next to Ukrainian Foreign Minister Dmytro Kuleba (3rd from right), Kharkiv Governor Oleh Synehubov (2nd from right) and Kharkiv Mayor Ihor Terekhov (5th from right) in Kharkiv on the site of a substation destroyed by the Russians during her trip to eastern Ukraine.

Jorg Blank | Picture Alliance | Getty Images

EU countries and their international partners together should try to do everything possible to make sure Ukraine will win its war against Russia, German Foreign Minister Annalena Baerbock said on Monday.

“It’s important that we as an international community do everything we can to defend Ukraine, so that Ukraine wins and wins the right to live in peace and freedom again,” Baerbock said before a meeting of EU Foreign Ministers.

Baerbock declined to make any specific comment when asked about the issue of exporting Leopold-2 battle tanks to Ukraine.

On Sunday, Baerbock had opened the door to Germany allowing Poland to send its Leopard 2 tanks to Ukraine, in a possible breakthrough for Kyiv which wants the tanks for its fight against Russia’s invasion.

— Reuters

NATO chief set to visit Germany as tanks debate rages

NATO Secretary General Jens Stoltenberg holds a closing press conference during the second of two days of defence ministers’ meetings at NATO headquarters on October 13, 2022 in Brussels, Belgium.

Omar Havana | Getty Images

NATO’s Secretary-General Jens Stoltenberg will meet German Defense Minister Boris Pistorius in Berlin on Tuesday.

The meeting comes amid palpable frustration in Europe regarding Germany’s failure to make a decision about allowing German-made tanks to be sent to Ukraine.

Kyiv has been requesting Leopard 2 tanks from its European allies for months, saying it needs them to fight Russia as the war approaches its one-year mark.

Germany has appeared reluctant to either send its own Leopard 2s, or to allow other countries with the tanks to re-export them to Ukraine, fearing it could be seen as an escalatory move by Russia. Berlin was also said to be ready to send such tanks only if the U.S. sent its own Abrams tanks.

NATO announced Monday that Stoltenberg was making the trip to Berlin, raising expectations that Germany could be ready to announce it is ready to allow tanks to be sent to Ukraine.

At the weekend, both Pistorius and Foreign Minister Annalena Baerbock signaled that a decision would be made, and that Poland would not be blocked from sending its own Leopard 2s to Ukraine, with or without Berlin’s permission.

— Holly Ellyatt

Poland could send Leopard tanks to Ukraine without Berlin’s approval, prime minister says

Polish Prime Minister Mateusz Morawiecki, along with leaders from Belgium, Italy and Greece, will propose a plan for a ‘gas price corridor’ across Europe in an attempt to bring down soaring prices.

Thierry Monasse / Contributor / Getty Images

Germany’s approval for the re-export of Leopard 2 tanks to Ukraine is of secondary importance as Poland could send those tanks as part of a coalition of countries even without its permission, Polish Prime Minister Mateusz Morawiecki said on Monday.

The United States and its allies failed during talks in Germany last week to convince Berlin to provide its Leopard battle tanks to Ukraine, a key demand from Kyiv as it tries to breathe new momentum into its fight against Russian forces.

Poland is pushing for countries who have German-made Leopards to send them to Ukraine, even if Germany does not want to join them.

“We will ask for such permission, but this is an issue of secondary importance. Even if we did not get this approval … we would still transfer our tanks together with others to Ukraine”, Morawiecki told reporters.

“The condition for us at the moment is to build at least a small coalition of countries.”

Germany would not stand in the way if Poland sent its German-made Leopard 2 tanks to Ukraine, German Foreign Minister Annalena Baerbock said on Sunday in an interview with French television LCI.

“Pressure makes sense, because this weekend, the foreign minister of Germany sent a slightly different message that gives a glimmer of hope that not only Germany will not block (sending tanks) but will finally hand over heavy equipment, modern equipment to help Ukraine,” Morawiecki said.

— Reuters

Russian commander in Ukraine prioritising a clampdown on non-regulation, UK says

Russian President Vladimir Putin and Chief of the General Staff of Russian Armed Forces Valery Gerasimov attend an annual meeting of the Defense Ministry Board in Moscow, Russia, Dec. 21, 2022.

Mikhail Kuravlev | Sputnik | Reuters

General Valery Gerasimov, Russia’s chief of the general staff and newly appointed commander in Ukraine, has likely started his tour with a drive to improve deployed troops’ day-to-day discipline, according to the U.K.’s Ministry of Defence.

“Since he took command, officers have been attempting to clamp down on non-regulation uniform, travel in civilian vehicles, the use of mobile phones, and non-standard haircuts,” the ministry noted in an intelligence update on Twitter Monday.

It noted that the measures have been met with skepticism, and “some of the greatest derision has been reserved for attempts to improve the standard of troops’ shaving.”

“Officials in the Donetsk People’s Republic, described the prioritisation a ‘farce’ that would ‘hamper the process of destroying the enemy’,” the U.K. said. Meanwhile, Yevgteny Prigozhin, the owner of the private military company the Wagner Group, said that “war is the time of the active and courageous, and not of the clean-shaven.”

The U.K. noted that while Russian forces continue to endure operational deadlock and heavy casualties on the battlefield, Gerasimov’s prioritization of largely minor regulations “is likely to confirm the fears of his many sceptics in Russia.”

“Along with Defence Minister Sergei Shoigu, he is increasingly seen as out of touch and focused on presentation over substance.”

— Holly Ellyatt

German minister says final decision on tanks will be made

Bundeswehr Leopard 2 A6 heavy tanks.

Sean Gallup | Getty Images News | Getty Images

German Defense Minister Boris Pistorius said on Sunday that he expected a decision soon on the delivery of German-made Leopard 2 tanks to Ukraine.

Pistorius told Germany’s ARD broadcaster that Germany would not make a hasty decision because the government had many factors to consider, including consequences at home for the security of the German population, Reuters reported.

Separately, Germany’s Foreign Minister Annalena Baerbock said Berlin would not block Poland from sending its own Leopard 2s to Ukraine.

There is intense pressure on Berlin to allow other countries with Leopard 2s to give them to Ukraine, but it has so far refused to authorize the onward exporting of the tanks, or to offer its own. Last Friday, Ukraine’s allies met in Germany to discuss the issue but no decision was reached.

Kyiv has pleaded with its allies to send heavy battle tanks for months, saying they could be decisive in the outcome of the war. The U.K. is Ukraine’s only ally to have pledged to send a number of its own Challenger 2 tanks. France said it has not ruled out sending its own Leclerc tanks to Ukraine.

— Holly Ellyatt

Countries supplying Ukraine with weapons risk own destruction, Russian official says

Russian President Vladimir Putin (L) talks to State Duma Speaker Vyacheslav Volodin (R).

Mikhail Svetlov | Getty Images

The speaker of Russia’s parliament on Sunday warned that countries supplying Ukraine with more powerful weapons risked their own destruction. It followed new pledges of armored vehicles, air defense systems, and other equipment from Ukraine’s allies, but not the battle tanks Kyiv has requested.

“Supplies of offensive weapons to the Kyiv regime would lead to a global catastrophe,” State Duma Chairman Vyacheslav Volodin said. “If Washington and NATO supply weapons that would be used for striking peaceful cities and making attempts to seize our territory as they threaten to do, it would trigger a retaliation with more powerful weapons.”

Ukraine’s supporters pledged billions of dollars in military aid to Ukraine on Friday, though the new commitments were overshadowed by defense leaders failing at an international meeting in Ramstein, Germany, to agree on Ukraine’s urgent request for German-made Leopard 2 battle tanks.

Read the whole story here.

— The Associated Press

Read original article here

Crypto lender Genesis Trading files for bankruptcy protection

Barry Silbert, Founder and CEO, Digital Currency Group

David A. Grogan | CNBC

Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to a business once at the heart of Barry Silbert’s Digital Currency Group.

The company listed over 100,000 creditors in a “mega” bankruptcy filing, with aggregate liabilities ranging from $1.2 billion to $11 billion dollars, according to bankruptcy documents.

Three separate petitions were filed for Genesis’ holding companies. In a statement, the company noted that the companies were only involved in Genesis’ crypto lending business. The company’s derivatives and spot trading business will continue unhindered, as will Genesis Global Trading.

“We look forward to advancing our dialogue with DCG and our creditors’ advisors as we seek to implement a path to maximize value and provide the best opportunity for our business to emerge well-positioned for the future,” Genesis interim CEO Derar Islim said in a statement.

The filing follows months of speculation over whether Genesis would enter bankruptcy protection, and just days after the Securities and Exchange Commission filed suit against Genesis and its onetime partner, Gemini, over the unregistered offering and sale of securities.

Genesis listed a $765.9 million loan payable from Gemini in Thursday’s bankruptcy filing. Other sizeable claims included a $78 million loan payable from Donut, a high-yield, decentralized platform, and a VanEck fund, with a $53.1 million loan payable.

Gemini co-founder Cameron Winklevoss initially responded to the news on Twitter, writing that Silbert and DCG “continue to refuse to offer creditors a fair deal.”

“We have been preparing to take direct legal action against Barry, DCG, and others,” he continued.

“Sunlight is the best disinfectant,” Winklevoss concluded.

Genesis is in negotiations with creditors represented by law firms Kirkland & Ellis and Proskauer Rose, sources familiar with the matter told CNBC. The bankruptcy puts Genesis alongside other fallen crypto exchanges including BlockFi, FTX, Celsius, and Voyager.

FTX’s collapse in November put a freeze on the market and led customers across the crypto landscape to seek withdrawals. The Wall Street Journal reported that, following FTX’s meltdown, Genesis had sought an emergency bailout of $1 billion, but found no interested parties. Parent company DCG, which owes creditors a mounting debt of more than $3 billion, suspended dividends this week, CoinDesk reported.

The crypto contagion

Genesis provided loans to crypto hedge funds and over-the-counter firms, but a series of bad bets made last year severely damaged the lender and forced it to halt withdrawals on Nov. 16.

The New York-based firm had extended crypto loans to Three Arrows Capital (3AC) and Alameda Research, the hedge fund started by Sam Bankman-Fried and closely linked to his FTX exchange.

3AC filed for bankruptcy in July in the midst of the “crypto winter.” Genesis had loaned over $2.3 billion worth of assets to 3AC, according to court filings. 3AC creditors have been fighting in court to recover even a sliver of the billions of dollars that the hedge fund once controlled.

Meanwhile, Alameda was integral to FTX’s eventual demise. Bankman-Fried has repeatedly denied knowledge of fraudulent activity within his web of companies, but remains unable to provide a substantial explanation for the multibillion-dollar hole. He was arrested in December, and is released on a $250 million bond ahead of his trial, which is set to begin in October.

Genesis had a $2.5 billion exposure to Alameda, though that position was closed out in August. After FTX’s bankruptcy in November, Genesis said that about $175 million worth of Genesis assets were “locked” on FTX’s platform.

Genesis’ financial spiral has exposed Silbert’s broader DCG empire. The parent company was forced to take over Genesis’ $1 billion liability stemming from 3AC’s collapse. In a later letter to investors, Silbert disclosed an additional $575 million loan from Genesis to DCG for undisclosed investing purposes.

DCG pioneered publicly traded trusts, allowing investors to hold bitcoin and other currencies in their portfolio without direct exposure. Grayscale Bitcoin Trust’s discount to net asset value widened significantly last year as confidence in the conglomerate waned.

This is a developing story. Please check back for updates.

Read original article here

Latest news on Russia and the war in Ukraine

Ukraine deminers attend training in Cambodia

A group of 15 deminers from Ukraine traveled to remote eastern Battambang province in Cambodia for a week of special training. Cambodia is among the most heavily mined countries in the world following 30 years of civil war which ended in 1998, with the work continuing to this day.

A group of 15 deminers from Ukraine travelled to remote eastern Battambang province in Cambodia Thursday for a week of special training.

Tang Chhin Sothy | AFP | Getty Images

Ukrainian deminers put on protective gears before going to a mine field during a technical training session on demining technologies in Battambang province on January 19, 2023.

Tang Chhin Sothy | AFP | Getty Images

Ukraine deminers (L) listen to a Cambodian deminer (2R) at a mine field during a technical training session on demining technologies in Battambang province on January 19, 2023.

Tang Chhin Sothy | AFP | Getty Images

A Ukraine deminer (L) and a Cambodian deminer prepare to explode mines during a technical training session on demining technologies in Battambang province on January 19, 2023.

Tang Chhin Sothy | AFP | Getty Images

Ukraine deminers (in white) listen to a Cambodian deminer at a mine field during a technical training session on demining technologies in Battambang province on January 19, 2023. 

Tang Chhin Sothy | AFP | Getty Images

– Tang Cchin Sothy | AFP | Getty Images

Death toll from missile strike on residential building in Dnipro rises to 46

Rescuers work on a residential building destroyed after a missile strike, in Dnipro on January 16, 2023, amid the Russian invasion of Ukraine. – According to State Emergency Service report, as of 1:00 pm on December 16, 40 people died, including 6 children; 75 people got injured, including 14 children; 39 people were rescued, including 6 children; the fate of 34 people is still unknown.

Vitalii Matokha | Afp | Getty Images

The head Ukrainian official of Dnipropetrovsk Valentyn Reznichenko said the death toll from a Russian missile strike on a residential building has risen to 46 people.

Reznichenko said that at least 11 bodies have not been identified, according to an NBC News translation. Another 80 were wounded and 25 of those are recovering in the hospital.

— Amanda Macias

Sweden prepares latest military aid package of combat vehicles and anti-tank weapons for Ukraine

Sweden’s military said that its latest security assistance package for Ukraine will include 90 infantry fighting vehicles and 57 light anti-tank weapons. Sweden is also sending the mobile Archer artillery system.

Ukrainian President Volodymyr Zelenskyy thanked Sweden for the “powerful weapons” in the new military assistance package.

— Amanda Macias

German industry ready to supply over 100 battle tanks to Ukraine, Handelsblatt reports

A new Leopard 2 A7V heavy battle tank, the most advanced version of the German-made tank.

Sean Gallup | Getty Images News | Getty Images

German companies are ready to supply more than 100 battle tanks to Ukraine, including Leopard tanks and refurbished British Challenger 1 tanks, Handelsblatt newspaper reported on Thursday, citing industry sources.

Germany could send Leopard 2 tanks to Ukraine that were originally intended for the Czech Republic and Slovakia, the paper said.

Ukraine is pleading for the West to finally send it heavy tanks as the defence chiefs of the United States and Germany headed for a showdown over weapons that Kyiv says could decide the fate of the war.

— Reuters

Moldova says requests air defense systems, stems Russia destabilizing efforts

Moldova’s President Maia Sandu and Ukraine’s President Volodymyr Zelenskyy pose for a picture during a meeting, as Russia’s attack on Ukraine continue, in Kyiv, Ukraine June 27, 2022.

Ukrainian Presidential Press Service | via Reuters

Moldova has requested air defense systems from its allies as it looks to strengthen its capabilities as the war in neighboring Ukraine continues, but Russian efforts to destabilize the country have so far failed, its president said on Thursday.

“We have requested air surveillance and defense systems,” Maia Sandu told Reuters in an interview on the sidelines of the World Economic Forum in Davos.

“We understand that Ukraine is a priority and should receive that but we (also) hope to receive some.”

Sandu added that the country would need at least the same amount – 600 million euros (around $650 million) of budget support in 2023 as last year, to help shield its population from inflation.

— Reuters

Combination of factors could have contributed to helicopter crash, official says

Firefighters work near the site where a helicopter crashed near a kindergarten in Brovary, outside the capital Kyiv.

Sergei Supinsky | Afp | Getty Images

A combination of factors could have contributed to a helicopter crash in Brovary, on the outskirts of Kyiv, on Wednesday in which the country’s interior minister and 13 other people, including a child, were killed. Twenty-five others were injured.

Yurii Ihnat, the spokesperson for the Air Force Command of the Armed Forces of Ukraine, said all possible causes would be investigated but that it could take time to reach any conculsions as to the cause.

“Usually, air crash investigation takes a lot of time. The practice is so not only in Ukraine but all over the world. Each part of the helicopter is collected, each detail can say something, give more information on what had happened. Air crashes can have various reasons that might have had effect,” Ihnat said during a nationwide telethon, reported by news agency Ukrinform.

“A combination of factors could have contributed, as well as the weather conditions that had not been very favorable. The established commission will determine all the factors and give an assessment. It is not a matter of several days. It is necessary to fully establish, find out the details of what happened on that day,” Ihnat said.

— Holly Ellyatt

Western allies are stronger when they’re united, Austrian foreign minister says

Antony Blinken, U.S. secretary of state (left) and Alexander Schallenberg, Austria’s foreign minister, at an extraordinary meeting of the Foreign Affairs Council at the European Union in 2022.

Bloomberg | Bloomberg | Getty Images

Austria’s foreign minister said Western allies must stick together over Ukraine while it is fighting Russia’s invasion.

“The biggest challenge and task we have is to keep this unity,” Alexander Schallenberg told CNBC’s Silvia Amaro at the World Economic Forum in Davos, Switzerland.

“We have proven [over] the last 10 months that if you stand together — and I’m not just talking about the Europeans but the ‘Free World,’ as such — then we have formidable force,” he said.

“Each time there’s a crisis then actually the European Union steps up and succeeds and commits. I believe these are the key words: unity and commitment,” he said.

— Holly Ellyatt

Russia and Belarus have ‘unified position’ on goals in Ukraine, Lavrov says

Russian Foreign Minister Sergei Lavrov said both Moscow and Minsk have a “unified position” on the goals they believe need to be achieved in the so-called “special military operation” in Ukraine.

Russian State Duma | Reuters

Russia’s Foreign Minister Sergei Lavrov said after a visit to Belarus that both Moscow and Minsk have a “unified position” on the goals they believe need to be achieved in the so-called “special military operation” in Ukraine.

“We exchanged views on how the situation is developing around events in Ukraine in the course of the special military operation,” Lavrov told reporters following his meeting with Belurusian President Alexander Lukashenko, news agency Interfax reported in comments translated by NBC.

“We have a unified position here on what goals need to be achieved and how to ensure that neither Russia nor Belarus are threatened from our neighbours,” he added.

Belarus is a staunch ally of Moscow and has given Russia logistical assistance during the war, allowing Russia to launch its invasion of northern Ukraine from Belarusian territory.

It has repeatedly insisted that it would not participate directly in the war. However, it has carried out several joint military exercises with Russia, with whom it has a joint military grouping. Currently, the neighbors are carrying out joint air force drills.

— Holly Ellyatt

Putin ally Medvedev says defeat in Ukraine could trigger nuclear war

Russia’s Former President Dmitry Medvedev, currently the deputy chairman of Russia’s Security Council, warned Thursday that a Russian defeat in Ukraine could trigger a nuclear war.

“The loss of a nuclear power in a conventional war can provoke the outbreak of a nuclear war. Nuclear powers do not lose major conflicts on which their fate depends,” he said, according to comments translated by NBC.

“This should be obvious to anyone. Even to a Western politician retaining only some trace of intelligence.”

Medvedev, a close ally of Putin, has repeatedly taken to Telegram during the war to criticize the West and Ukraine and to issue threats over the possibility of a nuclear conflict, given Russia’s holding of nuclear weapons.

Russian President Vladimir Putin with Former President Dmitry Medvedev in 2020.

Anadolu Agency

Medvedev’s latest comments come ahead of a meeting of Ukrainian officials and their Western counterparts at the U.S. air base in Ramstein, Germany, to discuss Ukraine’s military needs.

Medvedev said officials there “will discuss new tactics and strategies, as well as the supply of new heavy weapons and strike systems to Ukraine. And this was right after the forum in Davos, where underdeveloped political party-goers repeated like a mantra: ‘To achieve peace, Russia must lose.'”

The Kremlin said on Thursday that the remarks by Medvedev were in full accordance with Moscow’s nuclear doctrine, Reuters reported.

— Holly Ellyatt

European Council President Michel visits Ukraine for talks

Ukraine’s President Volodymyr Zelenskyy welcomes European Council President Charles Michel before a meeting in Kyiv, Ukraine April 20, 2022.

Ukrainian Presidential Press Service | via Reuters

European Council President Charles Michel arrived in the Ukrainian capital Kyiv for talks on Thursday, and said he hoped the coming year would be one of “victory and peace”.

“Back in #Kyiv to discuss all strands of cooperation,” he wrote on Twitter, posting a photograph of himself on the platform of a train station.

— Reuters

Wagner chief says village has been captured on outskirts of Bakhmut

The head of the Wagner Group, a private military company fighting alongside regular Russian units in Ukraine, has claimed his forces have taken full control of Klishchiivka, a village just south of Bakhmut, a prime target for the Russian military.

The press service of Wagner founder and leader Yevgeny Prigozhin said on Telegram Thursday that it had received an audio message from Prigozhin that stated, “we can safely say that the settlement of Klescheevka [the Russian name for Klishchiivka], which is one of the important suburbs of Bakhmut … has been completely taken under the control of the Wagner PMC units,” he said, according to a Google translation of the post.

“Kleshcheevka is released. Fierce fighting is still going on around Kleshcheevka. The enemy clings to every meter of the earth.”

Prigozhin contradicted reports that Ukrainian forces were fleeing Bakhmut (known as Artemovsk in Russia) saying, “contrary to various opinions that the Armed Forces of Ukraine are fleeing from Artemovsk, this is not so. The APU works clearly and harmoniously. We have a lot to learn from them. But in any case, the units of PMC “Wagner” are moving forward meter by meter. The settlement of Artemovsk will be taken.”

Ukrainian soldiers outside the strategic city of Bakhmut on Jan. 18, 2023, in Bakhmut, Ukraine.

Spencer Platt | Getty Images News | Getty Images

Capturing Bakhmut is a key target for Russian forces as they look to take control of the Donetsk region and then the wider Donbas in eastern Ukraine, a key goal in the war for Russia. Its forces have made gains toward the city following the capture of nearby Soledar.

There is increasing tension between Prigozhin and his Wagner forces, and the Russian Defense Ministry. Prigozhin claimed his Wagner forces had captured Soledar in early January, only for the defense ministry to say its own troops had captured the town.

For its part, Ukraine maintains it has not even lost Soledar and said Thursday morning on Facebook that its armed forces had repelled Russian attacks near 14 settlements in the Donetsk and Luhansk regions in the previous day, including those around Soledar and Bakhmut. It also said it had repelled an attack on Klishchiivka, the village claimed to have been captured by Wagner forces.

Holly Ellyatt

Russia’s security service opens espionage case against U.S. citizen

Russia’s Federal Security Service (the FSB) said Thursday that it had initiated a criminal case against a U.S. citizen on suspicion of espionage.

In a statement on its website, the FSB said “the American is suspected of collecting intelligence information on biological topics directed against the security of the Russian Federation,” according to a google translation of the post.

The FSB did not give any further information in its post, including whether or not it had arrested the U.S. citizen it did not name. CNBC has asked the FSB for more information.

The arrest of another U.S. citizen on criminal charges in Russia comes just a month after American basketball star Brittney Griner was freed after being detained in Russia last year on drugs charges. Ultimately, Griner was freed from a Russian penal colony in exchange for high-profile Russian arms dealer Viktor Bout.

Former U.S. Marine Paul Whelan, who is being held on suspicion of spying, in the courtroom cage after a ruling regarding extension of his detention, in Moscow, Russia, Feb. 22, 2019.

Shamil Zhumatov | Reuters

Spying charges add a layer of complexity to cases of foreigners being arrested in Russia, but Moscow continues to refuse to swap Paul Whelan, a former U.S. Marine who was convicted of espionage in a Russian court in 2020 and sentenced to 16 years in prison. Whelan pleaded not guilty and denied the charges.

At the time of Griner’s release in December, the U.S. said it would continue to petition for Whelan’s release.

— Holly Ellyatt

Helicopter crash is a result of the war, Zelenskyy says

“Mobilization of the world must outpace a next military mobilization of our joint enemy,” Zelenskyy said via videoconference at the World Economic Forum in Davos, Switzerland.

Bloomberg | Bloomberg | Getty Images

As investigations continue into the cause of a helicopter crash near Kyiv on Wednesday that killed the country’s interior minister and several of his colleagues, Ukraine’s President Volodymyr Zelenskyy said the tragedy was a consequence of the war.

“This [helicopter crash] is not an accident because it has been due to war and the war has many dimensions, not just on the battlefields – there are no accidents at war time. These are all war results … every death is a result of the war,” he told the World Economic Forum in Davos, Switzerland, on Wednesday.

After repeated revisions to the death toll yesterday, it’s now believed that 14 people died in the incident, including all nine people on board the helicopter, and at least one child. The crash took place near a kindergarten and residential buildings.

— Holly Ellyatt

Russian embassy tweets map that shows Crimea as part of Ukraine

A Twitter account operated by the Russian Embassy in Sweden on Wednesday posted an image of Europe which identifies Crimea—shown at the lower right—as part of Ukraine.

Twitter / Russian Embassy, SWE / Forum Mapping HU.

A Twitter account operated by the Russian Embassy in Sweden posted a map identifying Crimea as part of Ukraine.

Officially, Moscow claims Crimea, a Ukrainian peninsula that extends into the Black Sea, as part of Russia. Crimea was seized from Ukraine when Russia invaded the region in March 2014.

— Ted Kemp

U.S. Defense Secretary Austin will meet new German counterpart in Berlin

U.S. Defense Secretary Lloyd Austin testifies before the Senate Armed Services Committee during a hearing on “Department of Defense’s Budget Requests for FY2023”, on Capitol Hill in Washington, April 7, 2022.

Sarah Silbiger | Reuters

U.S. Secretary of Defense Lloyd Austin arrived in Berlin, where he will meet with his new German counterpart Boris Pistorius.

The two are expected to hold a joint press conference.

German Chancellor Olaf Scholz named Pistorius as Germany’s next defense minister on Tuesday after Christine Lambrecht resigned on Monday. Lambrecht had previously faced criticism for her handling of the slow supply of offensive weapons to Ukraine.

— Amanda Macias

IAEA sends staff to all Ukraine nuclear plants in safety bid

Director General of the International Atomic Energy Agency Rafael Grossi talks to media in Kyiv, Ukraine, January 18, 2023. International Atomic Energy Agency (IAEA) finalized the stationing of permanent missions at 3 Ukrainian nuclear power plants: Rivne, Chornobyl and Pivdennoukrainska NPPs. 

Sergii Kharchenko | Nurphoto | Getty Images

The International Atomic Energy Agency is placing teams of experts at all four of Ukraine’s nuclear power plants to reduce the risk of severe accidents as Russia’s war against the country rages on, agency head Rafael Grossi said Wednesday.

The IAEA, which is affiliated with the United Nations, already has a permanent presence at Ukraine’s — and Europe’s — largest nuclear plant in Zaporizhzhia that is held by Russian forces.

The IAEA’s permanent presence at all of Ukraine’s nuclear facilities, with at least 11 staff in total, marks an unprecedented expansion for the agency. IAEA technicians will also be at Chernobyl, the now-closed nuclear plant that was the site of a deadly nuclear accident in 1986 that spread fallout over much of Europe.

“From tomorrow, there will be two flags at all of the nuclear facilities in Ukraine; one of Ukraine and the second of the international nuclear agency,” Ukraine’s Prime Minister Denys Shmyhal said at a joint press conference with Grossi at the government headquarters in Kyiv on Wednesday.

— Associated Press

NATO warns Russia is preparing for a long war in Ukraine, vows to be ready

A fire engulfed a CHP power station hit by Russian missile on October 10, 2022 in Kyiv, Ukraine.

Global Images Ukraine | Getty Images News | Getty Images

Russia is preparing for an extended war so NATO must get ready “for the long haul” and support Ukraine for as long as it takes, the alliance’s deputy secretary general told top military chiefs from across Europe.

Speaking at the opening of the military chiefs’ meeting in Brussels, Mircea Geoana said NATO nations must invest more in defense, ramp up military industrial manufacturing and harness new technologies to prepare for future wars.

As Russia’s war on Ukraine nears the one-year mark, NATO chiefs are expected to discuss how allies can expand the delivery of weapons, training and support to Ukraine in the coming months, and how they can further shore up their own defenses.

“We have no indication that Russian President Vladimir Putin’s goals have changed,” said Geoana, adding that Russia has mobilized more than 200,000 additional troops. “So we must be prepared for the long haul. 2023 will be a difficult year and we need to support Ukraine for as long as it takes.”

— Associated Press

Zelenskyy says Western countries should send tanks before another Russian attack

“Mobilization of the world must outpace a next military mobilization of our joint enemy,” Zelenskyy said via videoconference at the World Economic Forum in Davos, Switzerland.

Bloomberg | Bloomberg | Getty Images

Ukrainian President Volodymyr Zelenskyy told delegates at the World Economic Forum in Davos, Switzerland that Western countries should send tanks before Russia’s next offensive.

His comments come as analysts fear the Kremlin could soon launch a new mobilization drive — and once again pile the pressure on the country’s Western allies to deliver heavily armored vehicles to Kyiv.

Speaking via videoconference, Zelenskyy said, “Mobilization of the world must outpace a next military mobilization of our joint enemy.”

“The supplying of Ukraine with air defense systems must outpace Russia’s next missile attacks. The supplies of Western tanks must outpace another invasion of Russian tanks,” he added.

Read the full story here.

— Sam Meredith

Death toll from missile strike on residential building in Dnipro rises to 45

Rescuers carry the body of a dead person during a missile attack by the Russian army in Dnipro.

Sergei Chuzavkov | Lightrocket | Getty Images

Mayor of Dnipro Borys Filatov said the death toll from a Russian missile strike on a residential building has risen to 45 people.

Filatov said that at least 17 people remain missing in Dnipro and 12 bodies have not been identified, according to an NBC News translation. Another 25 people are recovering in the hospital.

— Amanda Macias

Putin says war victory is ‘inevitable’ as NATO chief calls for more weapons for Kyiv

Russian President Vladimir Putin said Wednesday that victory in the war in Ukraine was “inevitable” while NATO’s Secretary-General Jens Stoltenberg said Putin must realize he cannot win on the battlefield.

Speaking to workers at a weapons factory in St. Petersburg, Putin said “victory is assured, I have no doubt about it,” state news agency Tass reported. Putin made the comments on the same day on which he commemorated the 80th anniversary of Soviet forces breaking the Nazi siege of Leningrad (modern-day St. Petersburg, Putin’s hometown).

In this screen shot made on Ocober 12, 2022 French president Emmanuel Macron (R) speaks during an interview in front of pictures of Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin.

Ludovic Marin | Afp | Getty Images

Meanwhile, NATO’s Secretary-General Jens Stoltenberg commented Wednesday that we have reached a “pivotal moment” in the war.

“President Putin has shown no sign of preparing for peace and therefore he must realize he cannot win on battlefield. This is a pivotal moment in the war and the need for a significant increase in support for Ukraine,” Stoltenberg told Reuters in an interview on the sidelines of the World Economic Forum in Davos.

“If we want a negotiated peaceful solution tomorrow we need to provide more weapons today.”

— Holly Ellyatt

Ukrainian officials killed in helicopter crash were flying to front line

The senior officials of the Ukraine’s Interior Ministry who died this morning in a helicopter crash were on their way to the front line, Kyrylo Tymoshenko, deputy head of the presidential administration, said in a briefing Wednesday.

“The purpose [of the flight] was to make a working visit to one of the hot spots in our country. The Minister of Internal Affairs was heading there,” deputy head of the President’s Office, Kyrylo Tymoshenko, said at a briefing in comments reported by news agency Ukrinform.

Interior Minister Denys Monastyrskyi died in a helicopter crash in Ukraine.

Picture Alliance | Picture Alliance | Getty Images

Interior Minister Denys Monastyrskyi, First Deputy Minister Yevheniy Yenin, and State Secretary of the Interior Ministry Yuriy Lubkovych were killed in the crash. Nine people were on board the helicopter and all perished in the crash near a kindergarten and a residential building in Brovary on the outskirts of Kyiv.

— Holly Ellyatt

Zelenskyy says investigation into ‘terrible tragedy’ has begun

Military stand at the site where a helicopter crashed near a kindergarten in Brovary, outside the capital Kyiv, killing Sixteen people, including two children and Ukrainian interior minister, on January 18, 2023, amid the Russian invasion of Ukraine.

Sergei Supinsky | AFP | Getty Images

Ukraine’s President Volodymyr Zelenskyy has commented on the heliptor crash outside Kyiv that killed several of his colleagues in the Interior Ministry on Wednesday.

“Today, a terrible tragedy occurred in Brovary, Kyiv region. A SES [State Emergency Service] helicopter crashed, and a fire broke out at the crash site,” Zelenskyy posted on Telegram.

“I have instructed the Security Service of Ukraine, in cooperation with the National Police of Ukraine and other authorized bodies, to find out all the circumstances of what happened.”

He said the exact number of victims of the tragedy is currently being established. The head of Kyiv’s regional military administration said earlier that there were 18 known victims, including three children.

Police cordon off the site where a helicopter crashed in Brovary in the Kyiv region on Jan. 18, 2023.

Anadolu Agency | Anadolu Agency | Getty Images

Zelenskyy confirmed that officials from the Interior Ministry were on board as he sent his condolences to the victims of the crash.

“Among them [the victims] are Minister of Internal Affairs of Ukraine Denys Monastyrskyi, his first deputy Yevhen Yenin, State Secretary of the Ministry of Internal Affairs Yuri Lubkovych, their assistants and the helicopter crew.” 

“25 people were injured, including 10 children. As of this minute, 3 children died. The pain is unspeakable. The helicopter fell on the territory of one of the kindergartens,” he said, in comments translated by NBC.

“All services are working on the scene of the tragedy,” he added.

— Holly Ellyatt

Read CNBC’s previous live coverage here:



Read original article here

Latest news on Russia and the war in Ukraine

U.S. Defense Secretary Austin will meet new German counterpart in Berlin

U.S. Defense Secretary Lloyd Austin testifies before the Senate Armed Services Committee during a hearing on “Department of Defense’s Budget Requests for FY2023”, on Capitol Hill in Washington, April 7, 2022.

Sarah Silbiger | Reuters

U.S. Secretary of Defense Lloyd Austin arrived in Berlin, where he will meet with his new German counterpart Boris Pistorius.

The two are expected to hold a joint press conference.

German Chancellor Olaf Scholz named Pistorius as Germany’s next defense minister on Tuesday after Christine Lambrecht resigned on Monday. Lambrecht had previously faced criticism for her handling of the slow supply of offensive weapons to Ukraine.

— Amanda Macias

IAEA sends staff to all Ukraine nuclear plants in safety bid

In this photo provided by the IAEA Press Office, Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi, right, visits the Chernobyl nuclear power plant near Chernobyl, Ukraine, Wednesday, Jan. 18, 2023.

IAEA Press Office via AP

The International Atomic Energy Agency is placing teams of experts at all four of Ukraine’s nuclear power plants to reduce the risk of severe accidents as Russia’s war against the country rages on, agency head Rafael Grossi said Wednesday.

The IAEA, which is affiliated with the United Nations, already has a permanent presence at Ukraine’s — and Europe’s — largest nuclear plant in Zaporizhzhia that is held by Russian forces.

The IAEA’s permanent presence at all of Ukraine’s nuclear facilities, with at least 11 staff in total, marks an unprecedented expansion for the agency. IAEA technicians will also be at Chernobyl, the now-closed nuclear plant that was the site of a deadly nuclear accident in 1986 that spread fallout over much of Europe.

“From tomorrow, there will be two flags at all of the nuclear facilities in Ukraine; one of Ukraine and the second of the international nuclear agency,” Ukraine’s Prime Minister Denys Shmyhal said at a joint press conference with Grossi at the government headquarters in Kyiv on Wednesday.

— Associated Press

Uber CEO says the ride sharing app is helping to save lives in Ukraine

Uber CEO Dara Khosrowshahi said that his company’s segment in Kyiv was not concerned with profitability because the popular ride sharing app was helping to save lives.

“They are risking their lives there getting doctors to hospitals, teachers getting to school transporting refugees and getting winter supplies to families in need,” Khosrowshahi told CNBC during an interview on the sidelines of the World Economic Forum in Davos, Switzerland.

Khosrowshahi said that he recently visited Kyiv to see how Uber, which has been operating in the country since 2016, was contributing to Ukrainians’ daily lives as Russia’s war continues.

“There is a lot more work to be done,” he added.

— Amanda Macias

Two ships leave Ukrainian ports under Black Sea Grain Initiative

A cargo ship carrying Ukrainian grain, and another originating from Ukraine, sail at the entrance of Bosphorus, in the Black Sea off the coast off Kumkoy, north of Istanbul, on November 2, 2022.

Ozan Kose | AFP | Getty Images

Two vessels carrying 64,200 metric tons of grain and other food products have left Ukrainian ports, the organization overseeing the export of agricultural products from the country said.

One ship is destined for Germany and is carrying rapeseed. The other vessel is headed to Libya with corn.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and saw three key Ukrainian ports reopen.

So far, more than 660 ships have sailed from Ukrainian ports.

— Amanda Macias

Former British Prime Minister Boris Johnson receives honorary citizen of Kyiv award

British Foreign Secretary Boris Johnson waits for the arrival of US Secretary of State John Kerry for a meeting on the situation in Syria at Lancaster House on October 16, 2016 in London, England.

Justin Tallis | Getty Images News | Getty Images

Kyiv Mayor Vitali Klitschko presented former British Prime Minister Boris Johnson with an “honorary citizen of the city of Kyiv” award.

“Boris repeatedly visited the Ukrainian capital – both in peace and in the most dramatic time of our struggle against the Russian aggressor. As Prime Minister of Great Britain, Johnson did everything possible to help Ukraine,” Klitschko said.

Johnson, who was one of the first world leaders to visit Ukrainian President Volodymyr Zelenskyy in Kyiv following Russia’s invasion, quickly became one of the most visible Western supporters of Ukraine. He resigned from the prime minister post in July.

— Amanda Macias

Bidens send condolences following helicopter crash in Ukraine

The helicopter crashed near a kindergarten in Brovary, Kyiv.

Anadolu Agency | Anadolu Agency | Getty Images

U.S. President Joe Biden and first lady Jill Biden expressed their condolences to the families of those killed in the helicopter crash in Ukraine.

“Our hearts are also with the dozens of civilians who were killed or injured, including precious children, and their families,” the first couple wrote in a statement.

The Bidens highlighted the work of Denys Monastyrsky, Ukraine’s Minister of Internal Affairs, who was killed in the crash along with several other Ukrainian officials.

The Bidens called him a “reformer and patriot,” and said he “championed the will of the Ukrainian people.”

“We will continue to honor that legacy through efforts to strengthen Ukraine’s institutions, and in our unfailing partnership with the people of Ukraine to keep the flame of freedom bright,” the Bidens wrote.

— Amanda Macias

NATO warns Russia is preparing for a long war in Ukraine, vows to be ready

A fire engulfed a CHP power station hit by Russian missile on October 10, 2022 in Kyiv, Ukraine.

Global Images Ukraine | Getty Images News | Getty Images

Russia is preparing for an extended war so NATO must get ready “for the long haul” and support Ukraine for as long as it takes, the alliance’s deputy secretary general told top military chiefs from across Europe.

Speaking at the opening of the military chiefs’ meeting in Brussels, Mircea Geoana said NATO nations must invest more in defense, ramp up military industrial manufacturing and harness new technologies to prepare for future wars.

As Russia’s war on Ukraine nears the one-year mark, NATO chiefs are expected to discuss how allies can expand the delivery of weapons, training and support to Ukraine in the coming months, and how they can further shore up their own defenses.

“We have no indication that Russian President Vladimir Putin’s goals have changed,” said Geoana, adding that Russia has mobilized more than 200,000 additional troops. “So we must be prepared for the long haul. 2023 will be a difficult year and we need to support Ukraine for as long as it takes.”

— Associated Press

Zelenskyy says Western countries should send tanks before another Russian attack

“Mobilization of the world must outpace a next military mobilization of our joint enemy,” Zelenskyy said via videoconference at the World Economic Forum in Davos, Switzerland.

Bloomberg | Bloomberg | Getty Images

Ukrainian President Volodymyr Zelenskyy told delegates at the World Economic Forum in Davos, Switzerland that Western countries should send tanks before Russia’s next offensive.

His comments come as analysts fear the Kremlin could soon launch a new mobilization drive — and once again pile the pressure on the country’s Western allies to deliver heavily armored vehicles to Kyiv.

Speaking via videoconference, Zelenskyy said, “Mobilization of the world must outpace a next military mobilization of our joint enemy.”

“The supplying of Ukraine with air defense systems must outpace Russia’s next missile attacks. The supplies of Western tanks must outpace another invasion of Russian tanks,” he added.

Read the full story here.

— Sam Meredith

Australian Open bans flags from Russia and Belarus

In this file photo an Australian Open branded tennis ball is seen on court ahead of the 2015 Australian Open at Melbourne Park on January 11, 2015 in Melbourne, Australia.

Graham Denholm | Getty Images

Flags from Russia and Belarus were banned from the site of the Australian Open after more than one was brought into the stands by spectators on Day 1 of the year’s first Grand Slam tournament.

Normally, flags can be displayed during matches at Melbourne Park. But Tennis Australia reversed that policy for the two countries involved in the invasion of Ukraine that began nearly a year ago.

Athletes from Russia and Belarus were barred from competing at Wimbledon and team events such as the Billie Jean King Cup and Davis Cup last year because of the war in Ukraine.

— Associated Press

Death toll from missile strike on residential building in Dnipro rises to 45

Rescuers carry the body of a dead person during a missile attack by the Russian army in Dnipro.

Sergei Chuzavkov | Lightrocket | Getty Images

Mayor of Dnipro Borys Filatov said the death toll from a Russian missile strike on a residential building has risen to 45 people.

Filatov said that at least 17 people remain missing in Dnipro and 12 bodies have not been identified, according to an NBC News translation. Another 25 people are recovering in the hospital.

— Amanda Macias

Zelenskyy thanks Trudeau for latest military aid package of 200 armored vehicles

Ukrainian President Volodymyr Zelenskyy thanked Canadian Prime Minister Justin Trudeau for announcing a new security package for his country, which includes armored personnel carriers.

“Today the Ukrainian army needs 200 Senator APCs more than ever. Together we are moving towards victory,” Zelenskyy wrote in a tweet.

Anita Anand, Canada’s defense minister, during a news conference with Ukrainian counterpart Oleksii Reznikov, during a news conference at the Military Press Centre in Kyiv, Ukraine, on Wednesday, Jan. 18, 2023.

Ethan Swope | Bloomberg | Getty Images

Canadian Defense Minister Anita Anand met with Ukrainian officials in Kyiv and said that Ottawa would buy a U.S. air defense system and donate it to Ukraine.

— Amanda Macias

Putin says war victory is ‘inevitable’ as NATO chief calls for more weapons for Kyiv

Russian President Vladimir Putin said Wednesday that victory in the war in Ukraine was “inevitable” while NATO’s Secretary-General Jens Stoltenberg said Putin must realize he cannot win on the battlefield.

Speaking to workers at a weapons factory in St. Petersburg, Putin said “victory is assured, I have no doubt about it,” state news agency Tass reported. Putin made the comments on the same day on which he commemorated the 80th anniversary of Soviet forces breaking the Nazi siege of Leningrad (modern-day St. Petersburg, Putin’s hometown).

In this screen shot made on Ocober 12, 2022 French president Emmanuel Macron (R) speaks during an interview in front of pictures of Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin.

Ludovic Marin | Afp | Getty Images

Meanwhile, NATO’s Secretary-General Jens Stoltenberg commented Wednesday that we have reached a “pivotal moment” in the war.

“President Putin has shown no sign of preparing for peace and therefore he must realize he cannot win on battlefield. This is a pivotal moment in the war and the need for a significant increase in support for Ukraine,” Stoltenberg told Reuters in an interview on the sidelines of the World Economic Forum in Davos.

“If we want a negotiated peaceful solution tomorrow we need to provide more weapons today.”

— Holly Ellyatt

IEA chief expects Russia to lose the energy battle

The IEA’s Birol said that prior to Russia’s full-scale invasion of Ukraine on Feb. 24 last year, “Russia was the number one energy exporter to the world.”

Natalia Kolesnikova | Afp | Getty Images

International Energy Agency Executive Director Fatih Birol believes Russia will lose its energy war with the West.

“Russia will face major difficulties both for oil and gas exports and, in my view, when we look at the next couple of quarters and years, Russia will lose the energy battle,” Birol told CNBC’s Joumanna Bercetche at the World Economic Forum in Davos, Switzerland.

His comments come shortly after an independent report showed that revenues from Russia’s fossil fuel exports collapsed in December, significantly hampering President Vladimir Putin’s ability to finance the war in Ukraine.

Read the full story here.

— Sam Meredith

Ukraine releases footage of helicopter crash aftermath

Ukraine’s National Police released footage showing the aftermath of a helicopter crash in Brovary, on the outskirts of Kyiv.

At least 17 people were killed in the incident, including Ukraine’s interior minister and two of his colleagues as well as the six others in the helicopter and four children.

The incident took place near a kindergarten and within a residential area. An investigation into the cause has started. The footage below shows the destruction caused by the crash that some viewers might find distressing.

Crash death toll revised down to 17

Firefighters work on the site where a helicopter crashed in Brovary in Kyiv.

Anadolu Agency | Anadolu Agency | Getty Images

The death toll in the helicopter crash that killed Ukraine’s interior minister and two of his colleagues has been revised down to 17 people, according to the latest update from the country’s emergency service.

“17 dead people have been identified, including 4 children and 9 people who were on board. 25 people were injured (including 11 children), who were hospitalized (information is being clarified),” the State Emergency Service said on Telegram.

It said search-and-rescue operations by units of the SES are ongoing in, with the fate of one child unknown.

— Holly Ellyatt

Images show helicopter crash destruction

Firefighters work near the site where a helicopter crashed near a kindergarten in Brovary, outside the capital Kyiv.

Sergei Supinsky | Afp | Getty Images

A helicopter crash in Brovary on the outskirts of Ukrainian capital Kyiv has caused widespread destruction in the vicinity of the crash site, near a kindergarten and residential building.

A Ukrainian presidency handout shows firefighters at the site of the Brovary helicopter crash.

Anadolu Agency | Anadolu Agency | Getty Images

Ukraine’s Interior Minister Denys Monastyrskyi, First Deputy Minister Yevhenii Yenin and the Interior Ministry’s State Secretary Yurii Lubkovych were killed in the crash, as well as the other six passengers on board the state emergency service helicopter. The cause of the crash is being investigated.

Firefighters work on the site where a helicopter crashed in Brovary, Kyiv.

Anadolu Agency | Anadolu Agency | Getty Images

Ukraine’s Emergency Service put the death toll at 16, including three children, saying information about the victims was being clarified. The service said 30 people had been injured, including 12 children.

The helicopter crashed near a kindergarten in Brovary, Kyiv.

Anadolu Agency | Anadolu Agency | Getty Images

Saying it was a “black morning” for Ukraine, President Volodymyr Zelenskyy described the crash and loss of life as a “terrible tragedy,” and announced an investigation into the cause of the incident.

People mourn as police cordon off the site where a helicopter crashed in Brovary, Kyiv.

Anadolu Agency | Anadolu Agency | Getty Images

Ukrainian officials killed in helicopter crash were flying to front line

The senior officials of the Ukraine’s Interior Ministry who died this morning in a helicopter crash were on their way to the front line, Kyrylo Tymoshenko, deputy head of the presidential administration, said in a briefing Wednesday.

“The purpose [of the flight] was to make a working visit to one of the hot spots in our country. The Minister of Internal Affairs was heading there,” deputy head of the President’s Office, Kyrylo Tymoshenko, said at a briefing in comments reported by news agency Ukrinform.

Interior Minister Denys Monastyrskyi died in a helicopter crash in Ukraine.

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Interior Minister Denys Monastyrskyi, First Deputy Minister Yevheniy Yenin, and State Secretary of the Interior Ministry Yuriy Lubkovych were killed in the crash. Nine people were on board the helicopter and all perished in the crash near a kindergarten and a residential building in Brovary on the outskirts of Kyiv.

— Holly Ellyatt

Zelenskyy says investigation into ‘terrible tragedy’ has begun

Military stand at the site where a helicopter crashed near a kindergarten in Brovary, outside the capital Kyiv, killing Sixteen people, including two children and Ukrainian interior minister, on January 18, 2023, amid the Russian invasion of Ukraine.

Sergei Supinsky | AFP | Getty Images

Ukraine’s President Volodymyr Zelenskyy has commented on the heliptor crash outside Kyiv that killed several of his colleagues in the Interior Ministry on Wednesday.

“Today, a terrible tragedy occurred in Brovary, Kyiv region. A SES [State Emergency Service] helicopter crashed, and a fire broke out at the crash site,” Zelenskyy posted on Telegram.

“I have instructed the Security Service of Ukraine, in cooperation with the National Police of Ukraine and other authorized bodies, to find out all the circumstances of what happened.”

He said the exact number of victims of the tragedy is currently being established. The head of Kyiv’s regional military administration said earlier that there were 18 known victims, including three children.

Police cordon off the site where a helicopter crashed in Brovary in the Kyiv region on Jan. 18, 2023.

Anadolu Agency | Anadolu Agency | Getty Images

Zelenskyy confirmed that officials from the Interior Ministry were on board as he sent his condolences to the victims of the crash.

“Among them [the victims] are Minister of Internal Affairs of Ukraine Denys Monastyrskyi, his first deputy Yevhen Yenin, State Secretary of the Ministry of Internal Affairs Yuri Lubkovych, their assistants and the helicopter crew.” 

“25 people were injured, including 10 children. As of this minute, 3 children died. The pain is unspeakable. The helicopter fell on the territory of one of the kindergartens,” he said, in comments translated by NBC.

“All services are working on the scene of the tragedy,” he added.

— Holly Ellyatt

Shock and sadness after helicopter crash

Tributes to the victims of a helicopter crash near Kyiv that killed Ukraine’s interior minister and 17 other people, including three children, are pouring in, with officials expressing their shock at the incident.

U.S. Ambassador to Ukraine Bridget A. Brink tweeted Wednesday that she was “shocked and saddened by the terrible news from Brovary,” where the crash happened this morning.

All nine people on board the helicopter, which belonged to Ukraine’s state emergency service, were killed in the crash, according to the national police chief Ihor Klymenko.

Ukraine’s Foreign Minister Dmytro said his colleagues who had died in the crash, Interior Minister Denys Monastyrskyi and First Deputy Minister Yevhenii Yenin, were “true Ukrainian patriots.”

The helicopter came down near a kindergarten and residential building with Oleksiy Kuleba, the head of Kyiv’s regional military administration, stating that 29 people are known to have been wounded in the incident, including 15 children. 

Ukraine’s First Lady Olena Zelenska looked visibly upset as she attended the World Economic Forum on Wednesday morning. She and other Ukrainian officials observed a one-minute silence as they attended a meeting in Davos.

Ukraine’s First Lady Olena Zelenska (2nd L) Kyiv mayor Vitali Klitschko (3rd R) and Ukrainian former professional boxer Wladimir Klitschko (2nd R) observe a moment of silence after the reported death of Ukraine’s interior minister as they attend a special dialogue with CEO’s meeting at the Congress centre during the World Economic Forum (WEF) annual meeting in Davos, on January 18, 2023.

Fabrice Coffrini | Afp | Getty Images

The cause of the crash is unknown and will be investigated, officials said.

— Holly Ellyatt

Helicopter death toll rises to 18

The number of victims from a helicopter crash near Kyiv that has killed Ukraine’s interior minister and other top-ranking officials has risen to 18.

As of 10:30 a.m. local time, there are 18 people known to have died, including 3 children, the head of Kyiv’s Regional Military Administration Oleksii Kuleba said Wednesday.

He said around 29 people, including 15 children, were known to have been wounded in the crash, that took place next to a kindergarten and residential building. All emergency services are at the site of the crash, he said.

Rescue teams work near the site where a helicopter crashed near a kindergarten outside the capital Kyiv, killing 18 people, including three children and Ukrainian interior minister, on January 18, 2023.

Sergei Supinsky | Afp | Getty Images

Tributes to the victims have begun with an advisor to one of the victims, Interior Minister Denys Monastyrskyi, posting his condolences on Twitter.

“Minister of Internal Affairs Denys Monastyrskyi, his 1st deputy Yevhen Yenin and Ministry’s state secretary Yurii Lubkovych died today in Kyiv region,” Anton Gerashchenko, an advisor to Interior Minister Monastyrskyi said on Twitter.

“My colleagues, my friends. What a tragic loss. Deepest condolences to their families.”

The helicopter belonged to Ukraine’s state emergency service, according to the national police chief Ihor Klymenko.

— Holly Ellyatt

Interior minister and other officials reportedly die in Ukraine helicopter crash

The leadership of Ukraine’s Interior Ministry are reported to have died in a helicopter crash in the town of Brovary near Kyiv, on Wednesday.

“This morning, on January 18, a helicopter of the State Emergency Service crashed in Brovary.  As a result of the crash, the leadership of the Ministry of Internal Affairs died: the minister, the first deputy minister and the state secretary,” the head of the National Police of Ukraine Ihor Klymenko said on Facebook.

The helicopter reportedly fell near a kindergarten and a residential building in the town, with Klymenko saying that 16 people are known to have died, including two children. Nine of the fatalities were on board the helicopter.

Twenty-two victims are in hospital, including 10 children, Klymenko said.

“All specialized and specialized services work on site.  The inspection of the scene is ongoing.”

— Holly Ellyatt

Putin might announce a second mobilization wave soon, analysts say

Russian President Vladimir Putin during bilateral talks at the Eurasian Economic Summit.

Contributor | Getty Images News | Getty Images

Russian President Vladimir Putin could be ready to announce another round of mobilization as Russia looks to beef up its armed forces in Ukraine.

“Putin may announce a second mobilization wave to expand his army in the coming days — possibly as early as January 18,” analysts at the Institute for the Study of War said Tuesday.

The analysts noted that Kremlin spokesperson Dmitry Peskov announced on Tuesday that Putin will deliver a speech in St. Petersburg (Putin’s hometown) today in commemoration of the 80th anniversary of Soviet forces breaking the Nazi siege of Leningrad.

“Putin is fond of using symbolic dates to address the Russian people, and some Russian pro-war milbloggers noted that he will seize this opportunity to either declare mobilization or war with Ukraine,” the ISW analysts said in their daily analysis of the Ukraine war.

Read more on the story here

Russia should not be left out of international system after war, Kissinger says

Former US Secretary of State Henry Kissinger attends a luncheon at the US State Department in Washington, DC, on December 1, 2022.

Roberto Schmidt | AFP | Getty Images

Former U.S. Secretary of State Henry Kissinger on Tuesday said Russia must be given the opportunity to one day rejoin the international system following any peace deal in Ukraine and dialogue with the country must be ongoing.

“This may seem very hollow to nations that have been under Russian pressure for much of the Cold War period,” Kissinger told the World Economic Forum in Davos, Switzerland, via video link.

However, he said it was important to avoid an escalation of conflict between Russia and the West as a result of it feeling the war had become “against Russia itself.”

This, he said “may cause Russia to reevaluate its historic position, which was an amalgam of an attraction to the culture of Europe and a fear of domination by Europe.”

“The destruction of Russia as a state that can pursue its own policies will open up the vast area of its 11 time zones to internal conflict and to outside intervention at the time when there are 15,000 and more nuclear weapons on its territory.”

Kissinger also said he believed Ukrainian membership in NATO would be an “appropriate outcome” one day, having previously caused a controversy by suggesting that the country should be prepared to cede territory to Russia in order to achieve peace.

Kissinger said Tuesday that the U.S. should continue to provide military support and if necessary intensify that support until a cease-fire line is reached or accepted in preliminary discussions. He also expressed admiration for Ukrainian President Volodymyr Zelenskyy and the “heroic conduct of the Ukrainian people.”

— Jenni Reid

Biden speaks with German Chancellor Scholz as Berlin taps new defense minister

Chancellor Scholz with Singaporean ministers ahead of his speech on Monday.

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U.S. President Joe Biden spoke with German Chancellor Olaf Scholz about ways to aid Ukraine, according to a White House readout of the call.

“The leaders discussed their steadfast support for Ukraine and condemned Russia’s aggression,” the readout added.

Earlier in the day, Scholz named Boris Pistorius as Germany’s next defense minister after Christine Lambrecht resigned Monday over criticism of her handling of the slow supply of offensive weapons to Ukraine.

— Amanda Macias

Hungary’s foreign minister says Brussels has failed on Russia sanctions

Sanctions against Russia have not brought the country’s economy to its knees or ended the war so should stop, Péter Szijjártó, Hungary’s minister for foreign affairs, told CNBC.

Read more on this story here

Ukraine’s agriculture minister warns that a major share of the country’s corn is unharvested

A combine harvester of Continental Farmers Group agricultural company harvests wheat on August 4, 2022 in the Ternopil region of Ukraine. 

Alexey Furman | Getty Images

Ukraine Minister of Agriculture Mykola Solskyi said that a major share of the country’s corn crop is unharvested as Russia’s war disrupts agricultural work.

Solskyi said that the corn that remains on the stalk will deteriorate up until harvest, according to an NBC News translation.

He added that about 85% of the country’s corn has been harvested so far.

— Amanda Macias

US condemns ‘brutal and barbaric’ missile strike on Ukrainian residential building in Dnipro

Rescuers search for people trapped under the rubble of a high-rise residential building hit by a missile on Jan. 14, 2023, in Dnipro, Ukraine.

Global Images Ukraine | Getty Images News | Getty Images

The White House called Russia’s bombing of a missile strike on a residential building in the Ukrainian city of Dnipro “brutal and barbaric,” and a violation of international humanitarian law.

“We will continue our work to hold Russian forces accountable,” White House press secretary Karine Jean Pierre said of the attack, which killed at least 40 people and wounded many more.

Pentagon spokesman U.S. Air Force Brig. Gen. Pat Ryder also condemned the attack, but declined to say whether the missile that hit the residential building was a hypersonic weapon.

— Amanda Macias

Finnish prime minister calls on allies to support Ukraine for ‘as long as needed’

Sanna Marin the Prime Minister of Finland at the European Council – Euro Summit – EU leaders meeting, during a press conference with President of European Council Charles Michel and President of Europe Commission Ursula von der Leyen.

Photo by Nicolas Economou/NurPhoto via Getty Images

Finnish Prime Minister Sanna Marin says that if Russia were to win the war in Ukraine, it should send the message that invading another country leads to gains of land or natural resources.

She says Europe and other Western democracies should send Putin the message that “we will support as long as needed — five years, 10 years, 15 years, whatever it takes — we will support Ukraine, and this will not stop.”

Speaking at the World Economic Forum meeting in Davos, Switzerland, Marin added, “it’s for Ukrainians to decide when they are ready to negotiate when they are ready to make some peace agreement.”

She says “the story might have been very different” if Western allies had acted stronger when Russia illegally annexed Ukraine’s Crimea peninsula in 2014. The European Union member that shares a long border with Russia is seeking NATO membership.

Marin says Finland believed it was best to stay out of the alliance for its own security but then it saw “Russia is attacking another neighbor and we cannot rely on that relations anymore, so we have to seek partnership elsewhere.”

All 30 NATO states must approve Finland and Sweden joining the Western military alliance, with just Turkey and Hungary yet to sign on. Turkey is demanding the Nordic countries tighten counterterrorism measures.

— Associated Press

Former Wagner commander seeks asylum in Norway after fleeing Russia

A former commander of Russia’s Wagner mercenary group who fought in Ukraine said he has fled to Norway and is seeking asylum in fear for his life after witnessing the killing and mistreatment of Russian prisoners brought to the frontline.

Andrei Medvedev, who joined the group on July 6, 2022, on a four-month contract, said in a video posted by the Gulagu.net rights group that he had crossed the border into Norway before being detained by Norwegian police.

Medvedev, an orphan who joined the Russian army and served time in prison before joining Wagner, said he had slipped away from the group after witnessing the killing of captured deserters from Wagner.

General view of the “PMC Wagner Centre”, associated with the founder of the Wagner Group, Yevgeny Prigozhin, ahead of its opening in Saint Petersburg, Russia October 31, 2022. 

Igor Russak | Reuters

“I am afraid of dying in agony,” Medvedev told Vladimir Osechkin, founder of the Gulagu.net rights group, which said it had helped Medvedev leave Russia after he approached the group in fear for his life.

He said he crossed the border, climbing through barbed-wire fences and evading a border patrol with dogs, and heard guards firing shots as he ran through a forest and over thin and breaking ice into Norway.

Norwegian police said a foreign citizen had been arrested on the night of Thursday to Friday after illegally crossing the Russian-Norwegian border in the Arctic and was seeking asylum.

His Norwegian lawyer said Medvedev was now in the “Oslo area” but did not give details.

“What is important for him (Medvedev) is that immigration authorities clarify his status as soon as possible,” lawyer Brynjulf Risnes told Reuters.

Medvedev had not yet talked with Norwegian security police and no agreement for an interview had been made, Risnes said. “I am sure that will be a question at some point,” said Risnes, who declined to say where Medvedev was fighting in Ukraine.

“He says he has taken part in battle, which he says were clear battle situations … and that he has not been in contact with civilians,” said Risnes.

— Reuters

Russia needs to be pushed harder with sanctions, Lithuania’s president says

Ukraine’s allies need to apply more pressure on Russia through sanctions, Lithuanian President Gitanas Nausėda told CNBC at the World Economic Forum in Davos.

“Sanctions have some impact on the Russian economy. Sometimes our expectations are higher than [the] real result but it does not mean that sanctions are not effective. They are effective but with a certain time lag,” Nausėda told Joumanna Bercetche.

“Of course the success of Ukraine’s armed forces in the battlefield are just critically important,” Nausėda said, calling for the provision of better air defense systems and tanks to the country.

He also discussed the difficulty of Ukraine getting NATO membership in the near-term due to the ongoing conflict and the need for the alliance to find “guarantees” for the country without membership; and Lithuania’s commitment to strengthening its own armed forces and increasing military spend to 3% of GDP.

— Jenni Reid

Read CNBC’s previous live coverage here:

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Asia-Pacific shares struggle for direction ahead of BoJ rate decision

Japan’s core manufacturing orders for November slump more than expected

Japan’s private-sector manufacturing orders for November fell 8.3% compared to the previous month, according to official data.

The drop was significantly larger than Reuters’ expectations of a 0.9% decline. On an annualized basis, manufacturing orders fell 3.7%.

The private-sector machinery figures exclude orders from volatile ones for ships and electric power companies.

—Lee Ying Shan

CNBC Pro: Thinking of jumping back into Big Tech? This investor is wary of 2 stocks in particular

CNBC Pro: Morgan Stanley says cheaper EVs are coming — and names the global stocks set to benefit

As electric cars become increasingly popular, a new manufacturing technique that could make them more affordable is garnering interest, according to Morgan Stanley.

Some automakers are outsourcing the process which could benefit three leading Asian parts suppliers, said the Wall Street bank.

CNBC Pro subscribers can read more here.

— Ganesh Rao

Stocks end the day mixed, Dow falls almost 400 points

The Dow Jones Industrial Average Index fell to end the day, as Goldman Sachs shares weighed on the stock index.

The Dow lost 391.76 points, or 1.14%, to close at 33,910.85. The S&P 500 fell 0.2% to 3,990.97. The Nasdaq Composite gained 0.14% to end the day at 11,095.11.

— Tanaya Macheel

Bank of America sees a later start to the recession

A recession probably won’t start now until later in 2023 as consumer spending has been stronger than expected and the Federal Reserve eases up on the intensify of its interest rate hikes, according to Bank of America.

“We push back the timing of our outlook for a mild recession in the US economy by about one quarter given durability in consumer spending on account of strong labor markets, excess saving, declining energy prices, and easier financial conditions,” the firm said in a client note. “That said, we think the headwinds will lead consumers to reduce spending and push the saving rate higher as the year progresses.”

That puts the recession into the second quarter, driven by a an investment-led slowdown leaking to consumer spending.

After pushing its benchmark borrowing rate up by 4.25 percentage points in 2022, the Fed is expected to ease back, with a 0.25 percentage point increase in February. That is forecast to be followed by additional quarter-point increases in March and May.

Rate cuts likely won’t come until 2024, the firm said.

—Jeff Cox

Goldman Sachs shares fall on earnings miss

Goldman Sachs shares declined 2.4% after the Wall Street investment bank shared fourth-quarter earnings results that missed analysts’ expectations on both the top and bottom lines.

The bank reported earnings of $3.32 per share on $10.59 billion in revenues. Consensus estimates called for earnings of $5.48 a share on revenues of $10.83 billion, according to analysts surveyed by Refinitiv.

Provisions for credit losses also came in slightly above expectations.

— Hugh Son, Samantha Subin

Read original article here

Latest news on Russia and the war in Ukraine

Boris Pistorius to become Germany’s next defense minister

Social Democrat (SPD) interior minister of the state of Lower Saxony Boris Pistorius is to serve as Germany’s next defence minister, two sources told Reuters on Tuesday.

Florian Gaertner / Contributor / Getty Images

German Chancellor Olaf Scholz said he will appoint a regional official as the new defense minister following the resignation of the much-criticized Christine Lambrecht.

The defense minister-designate, Boris Pistorius, is a member of Scholz’s Social Democratic Party and has served as interior minister of Lower Saxony state since 2013.

“I am very pleased to have won Boris Pistorius, an outstanding politician from our country, for the post of defense minister,” Scholz said in a written statement.

“Pistorius is an extremely experienced politician who has administrative experience, has been involved in security policy for years and, with his competence, assertiveness and big heart, is exactly the right person to lead the Bundeswehr through this change of era,” the chancellor added.

Pistorius, 62, is scheduled to receive his certificate of appointment from German President Frank-Walter Steinmeier and take his oath of office in parliament on Thursday, government spokesman Steffen Hebestreit said.

— Associated Press

US condemns ‘brutal and barbaric’ missile strike on Ukrainian residential building in Dnipro

Rescuers search for people trapped under the rubble of a high-rise residential building hit by a missile on Jan. 14, 2023, in Dnipro, Ukraine.

Global Images Ukraine | Getty Images News | Getty Images

The White House called Russia’s bombing of a missile strike on a residential building in the Ukrainian city of Dnipro “brutal and barbaric,” and a violation of international humanitarian law.

“We will continue our work to hold Russian forces accountable,” White House press secretary Karine Jean Pierre said of the attack, which killed at least 40 people and wounded many more.

Pentagon spokesman U.S. Air Force Brig. Gen. Pat Ryder also condemned the attack, but declined to say whether the missile that hit the residential building was a hypersonic weapon.

— Amanda Macias

Finnish prime minister calls on allies to support Ukraine for ‘as long as needed’

Sanna Marin the Prime Minister of Finland at the European Council – Euro Summit – EU leaders meeting, during a press conference with President of European Council Charles Michel and President of Europe Commission Ursula von der Leyen.

Photo by Nicolas Economou/NurPhoto via Getty Images

Finnish Prime Minister Sanna Marin says that if Russia were to win the war in Ukraine, it should send the message that invading another country leads to gains of land or natural resources.

She says Europe and other Western democracies should send Putin the message that “we will support as long as needed — five years, 10 years, 15 years, whatever it takes — we will support Ukraine, and this will not stop.”

Speaking at the World Economic Forum meeting in Davos, Switzerland, Marin added, “it’s for Ukrainians to decide when they are ready to negotiate when they are ready to make some peace agreement.”

She says “the story might have been very different” if Western allies had acted stronger when Russia illegally annexed Ukraine’s Crimea peninsula in 2014. The European Union member that shares a long border with Russia is seeking NATO membership.

Marin says Finland believed it was best to stay out of the alliance for its own security but then it saw “Russia is attacking another neighbor and we cannot rely on that relations anymore, so we have to seek partnership elsewhere.”

All 30 NATO states must approve Finland and Sweden joining the Western military alliance, with just Turkey and Hungary yet to sign on. Turkey is demanding the Nordic countries tighten counterterrorism measures.

— Associated Press

Zelenskyy says Russian forces used anti-ship missile against Ukrainian residential building

Ukrainian President Volodymyr Zelenskyy speaks during a press conference in the western Ukrainian city of Lviv on January 11, 2023, amid Russian invasion of Ukraine.

Yuriy Dyachyshyn | Afp | Getty Images

Ukrainian President Volodymyr Zelenskyy said the missile that struck a residential building in Dnipro was a Russian anti-ship missile.

Zelenskyy called the strike, which has killed at least 44 people and wounded many more, an “unspeakable horror.”

“An ordinary residential building. Destroyed by an anti-ship missile — an aircraft carrier killer, which was developed back in the days of the Soviet Union,” Zelenskyy said during a nightly address.

“This is an unspeakable horror and this is a routine. Unfortunately, this is the routine of the war that Russia brought to our land,” Zelenskyy added. “We want to interrupt the routine of war. And restore the routine of peace.”

— Amanda Macias

Biden discusses Ukraine with Dutch prime minister at the White House

Netherlands Prime Minister Mark Rutte speaks with U.S. President Joe Biden. The U.S. has been putting pressure on the Netherlands to block exports to China of high-tech semiconductor equipment. The Netherlands is home to ASML, one of the most important companies in the global semiconductor supply chain.

Susan Walsh | AFP | Getty Images

U.S. President Joseph Biden met with Prime Minister Mark Rutte of the Netherlands at the White House and discussed ways to “further deepen” cooperation and address “global issues of mutual interest.”

“They reviewed our steadfast political, security, economic, and humanitarian support for Ukraine in the face of Russia’s brutal war of aggression, including our efforts to hold Russia accountable for its abuses and for the war crimes committed by Russian forces,” according to a White House readout of the meeting.

The two leaders also discussed trade and the importance of secure supply chains.

— Amanda Macias

Milley meets Ukrainian counterpart in person for the first time since war began

U.S. Joint Chiefs Chair Army General Mark Milley speaks during a news briefing after participating a virtual Ukraine Defense Contact Group meeting at the Pentagon in Arlington, Virginia, November 16, 2022.

Tom Brenner | Reuters

Chairman of the Joint Chiefs of Staff U.S. Army Gen. Mark Milley met in person for the first time with his Ukrainian counterpart.

Milley traveled from a military base in Poland to an undisclosed location near the country’s border with Ukraine, according to a report from The Washington Post. The meeting was previously not disclosed for security purposes.

Milley also visited Grafenwoehr, Germany where the U.S. and allies host combined arms training of Ukrainian troops. The nation’s highest military officer is due in Brussels, Belgium on Wednesday for a NATO military chief meeting.

— Amanda Macias

Biden speaks with German Chancellor Scholz as Berlin taps new defense minister

Chancellor Scholz with Singaporean ministers ahead of his speech on Monday.

Picture Alliance | Picture Alliance | Getty Images

U.S. President Joe Biden spoke with German Chancellor Olaf Scholz about ways to aid Ukraine, according to a White House readout of the call.

“The leaders discussed their steadfast support for Ukraine and condemned Russia’s aggression,” the readout added.

Earlier in the day, Scholz named Boris Pistorius as Germany’s next defense minister after Christine Lambrecht resigned Monday over criticism of her handling of the slow supply of offensive weapons to Ukraine.

— Amanda Macias

Three ships leave Ukrainian ports under Black Sea Grain Initiative

A photograph taken on October 31, 2022 shows a cargo ship loaded with grain being inspected in the anchorage area of the southern entrance to the Bosphorus in Istanbul.

Ozan Kose | AFP | Getty Images

Three vessels carrying 119,000 metric tons of grain and other food products have left Ukrainian ports, the organization overseeing the export of agricultural products said.

Two ships are destined for Turkey and are carrying wheat. The third vessel is headed to China with corn.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and saw three key Ukrainian ports reopen.

So far, more than 650 ships have sailed from Ukrainian ports.

— Amanda Macias

NATO sends surveillance aircraft to Romania to bolster its eastern flank

Romania receives NATO’s powerful Airborne Warning and Control System, or AWACS, surveillance aircraft. The militarized Boeing 767 plane is equipped with long-range radars and sensors designed to detect incoming air and surface threats.

Romania will use the aircraft to monitor Russian military activity near the borders of the 30-nation military alliance.

The Western military alliance has strengthened its presence in the region since Russia invaded Ukraine, which borders Romania, a NATO member. AWACS planes can detect aircraft hundreds of kilometers away, making them a key capability for NATO’s deterrence and defense posture.

The planes arrived near Bucharest, and are part of a fleet of 14 NATO Boeing E-3A AWACS aircraft, usually based in Geilenkirchen, western Germany.

A technician covers the jet propellers of NATO “Boeing E-3A AWACS” airplane after it landed at a military airbase next to Henri Coanda international airport in Bucharest, Romania, on January 17, 2022.

Daniel Mihailescu | Afp | Getty Images

A NATO “Boeing E-3A AWACS” airplane is pictured after landing at a military airbase next to Henri Coanda international airport in Bucharest, Romania, on January 17, 2022.

Daniel Mihailescu | AFP | Getty Images

A NATO “Boeing E-3A AWACS” airplane lands at a military airbase next to Henri Coanda international airport in Bucharest, Romania, on January 17, 2022. – NATO send surveillance aircraft to Romania to bolster its eastern flank and “monitor Russian military activity”, the alliance said on Januaray 13, 2023.

Daniel Mihailescu | Afp | Getty Images

A NATO “Boeing E-3A AWACS” airplane lands at a military airbase next to Henri Coanda international airport in Bucharest, Romania, on January 17, 2022.

Daniel Mihailescu | AFP | Getty Images

— Daniel Mihailescu | AFP | Getty Images

Ukraine’s first lady will deliver a letter from Zelenskyy to Chinese leadership

Olena Zelenska, Ukraine’s first lady, delivers a special address on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2023.

Stefan Wermuth | Bloomberg | Getty Images

Ukraine’s first lady told the World Economic Forum she would deliver a letter to China’s delegation setting out President Volodymyr Zelenskyy’s proposals for ending Russia’s war against his country.

China, like Russia a permanent member of the United Nations Security Council, is an important partner for Moscow and has refused to condemn Russia’s invasion of Ukraine.

In a speech urging delegates to do more to help end the war, Olena Zelenska said she planned to hand the letter to Chinese Vice-Premier Liu He — who spoke after her — for passing on to President Xi Jinping.

She said she also had letters for European Commission President Ursula von der Leyen and Swiss President Alain Berset.

“Today I will give the colleagues participating in this part (of the forum) ‘formula letters’ from the president of Ukraine,” she said in Ukrainian.

— Reuters

Russia’s defense minister visits troops as war in Ukraine drags on

Russian Defence Minister Sergei Shoigu arrives for a signature ceremony of an initiative on the safe transportation of grain and foodstuffs from Ukrainian ports, in Istanbul, on July 22, 2022. – As a first major agreement between the warring parties since the invasion, Ukraine and Russia are expected to sign a deal in Istanbul today to free up the export of grain from Ukrainian ports. The deal has been brokered by the UN and Turkey.

Ozan Kose | Afp | Getty Images

Russia’s Defense Minister Sergei Shoigu has visited Russian troops involved in Ukraine, the ministry said.

“Sergei Shoigu thanked the servicemen who courageously perform tasks in the special military operation zone, and presented state awards to the servicemen for their dedication and heroism,” the ministry said in a statement on its Telegram messaging app.

Russia calls its invasion of Ukraine a “special military operation,” while Kyiv and its allies say it is an unprovoked, imperialist land grab.

 Reuters was not able to independently verify the Russian defense report. 

— Reuters

Ukraine’s Kuleba calls on European Parliament to establish a special tribunal to hold Russia accountable for its aggression

Ukrainian Foreign Minister Dmytro Kuleba gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on May 25, 2022.

Fabrice Coffrini | AFP | Getty Images

Ukrainian Foreign Minister Dmytro Kuleba called on the European Parliament to establish a special tribunal to investigate Russian crimes against Ukraine and hold Moscow accountable.

“I call on members of the European Parliament to support the establishment of a special tribunal for the crime of aggression against Ukraine by passing a relevant resolution this week,” Kuleba wrote on Twitter.

“No impunity for Russia’s political and military leadership. They must be held accountable,” he added.

— Amanda Macias

Backlog of 32 ships with Ukrainian agricultural goods wait to depart for global destinations

Ships, including those carrying grain from Ukraine and awaiting inspections, are seen anchored off the Istanbul coastline on November 02, 2022 in Istanbul, Turkey.

Chris Mcgrath | Getty Images

A backlog of 32 vessels loaded with agricultural goods are waiting to depart Ukraine for their global destinations, the organization overseeing the export of crops from the country said.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey, and the United Nations, eased Russia’s naval blockade and saw the reopening of three key Ukrainian ports.

Last week, U.S. Ambassador to the United Nations Linda Thomas Greenfield demanded Russia cooperate in the Black Sea Grain Initiative.

Thomas Greenfield blamed a backlog of ships on “Russia’s deliberate slowdown of inspections.”

“This backlog means extra expense and extra delay for millions of tons of grain, a majority of which is destined for developing countries. The backlog means 2.5 million tons of grain are just sitting there, waiting to move,” she said before the U.N. Security Council, adding that some vessels have been waiting for over a month.

Since the deal was signed, more than 650 ships carrying 17.6 million metric tons of grain and other food products have left Ukrainian waters.

— Amanda Macias

UN says more than 7,000 killed in Ukraine since start of war

An elderly man walks among the graves of unidentified people, killed during Russian occupation, who were reburied from a mass grave in the small Ukrainian town of Bucha, near Kyiv, on January 12, 2023.

Sergei Supinsky | Afp | Getty Images

The United Nations has confirmed at least 7,031 deaths and 11,327 injuries in Ukraine since Russia invaded its ex-Soviet neighbor on Feb. 24.

The Office of the U.N. High Commissioner for Human Rights said the death toll in Ukraine is likely higher, because the armed conflict can delay fatality reports.

“Most of the civilian casualties recorded were caused by the use of explosive weapons with wide area effects, including shelling from heavy artillery, multiple launch rocket systems, missiles and air strikes,” the international organization wrote in a release.

— Amanda Macias

Former Wagner commander seeks asylum in Norway after fleeing Russia

A former commander of Russia’s Wagner mercenary group who fought in Ukraine said he has fled to Norway and is seeking asylum in fear for his life after witnessing the killing and mistreatment of Russian prisoners brought to the frontline.

Andrei Medvedev, who joined the group on July 6, 2022, on a four-month contract, said in a video posted by the Gulagu.net rights group that he had crossed the border into Norway before being detained by Norwegian police.

Medvedev, an orphan who joined the Russian army and served time in prison before joining Wagner, said he had slipped away from the group after witnessing the killing of captured deserters from Wagner.

General view of the “PMC Wagner Centre”, associated with the founder of the Wagner Group, Yevgeny Prigozhin, ahead of its opening in Saint Petersburg, Russia October 31, 2022. 

Igor Russak | Reuters

“I am afraid of dying in agony,” Medvedev told Vladimir Osechkin, founder of the Gulagu.net rights group, which said it had helped Medvedev leave Russia after he approached the group in fear for his life.

He said he crossed the border, climbing through barbed-wire fences and evading a border patrol with dogs, and heard guards firing shots as he ran through a forest and over thin and breaking ice into Norway.

Norwegian police said a foreign citizen had been arrested on the night of Thursday to Friday after illegally crossing the Russian-Norwegian border in the Arctic and was seeking asylum.

His Norwegian lawyer said Medvedev was now in the “Oslo area” but did not give details.

“What is important for him (Medvedev) is that immigration authorities clarify his status as soon as possible,” lawyer Brynjulf Risnes told Reuters.

Medvedev had not yet talked with Norwegian security police and no agreement for an interview had been made, Risnes said. “I am sure that will be a question at some point,” said Risnes, who declined to say where Medvedev was fighting in Ukraine.

“He says he has taken part in battle, which he says were clear battle situations … and that he has not been in contact with civilians,” said Risnes.

— Reuters

A decision on modern, Western tanks for Ukraine looks closer than ever

U.S. army vehicles including tanks are brought ashore in the Netherlands as a military unit is transported to Poland and Lithuania as part of a NATO mission to reinforce the alliance’s eastern flank after the Russian invasion of Ukraine, in Vlissingen, Netherlands January 11, 2023.

Piroschka Van De Wouw | Reuters

Ukraine has repeatedly asked its Western allies to provide it with battle tanks to help it fight Russia but up until now, its Western allies appeared reluctant to do so.

That could be about to change, experts note, and some announcements could be made when Ukrainian and Western officials meet later this week in Germany to discuss the country’s military needs.

“My understanding is that a deal has essentially been worked out,” John E. Herbst, senior director of the Atlantic Council’s Eurasia Center and a former U.S. ambassador to Ukraine, told CNBC Monday.

“We know that the laggard here has been Germany, and it seems that the Germans have now been persuaded that one, they’ll let other countries which have Leopard tanks send them to Ukraine — that, I’m confident of — and I also think it’s highly likely, but I’m not as confident, that you’ll see Germany send some Leopards as well,” he said.

Read the whole story here

Russian economy likely shrank 2.5% in 2022 but beating expectations, Putin says

Russian President Vladimir Putin chairs a meeting with government members via a video link from a residence outside Moscow, Russia, on Jan. 11, 2023.

Mikhail Klimentyev | Sputnik | Reuters

President Vladimir Putin said on Tuesday that the Russian economy was likely to have shrunk by 2.5% in 2022, but that it was performing better than most experts had predicted.

Putin, who was speaking at a meeting with top officials including the finance minister and central bank chief, said real wage growth needed to be stimulated.

— Reuters

Russia needs to be pushed harder with sanctions, Lithuania’s president says

Ukraine’s allies need to apply more pressure on Russia through sanctions, Lithuanian President Gitanas Nausėda told CNBC at the World Economic Forum in Davos.

“Sanctions have some impact on the Russian economy. Sometimes our expectations are higher than [the] real result but it does not mean that sanctions are not effective. They are effective but with a certain time lag,” Nausėda told Joumanna Bercetche.

“Of course the success of Ukraine’s armed forces in the battlefield are just critically important,” Nausėda said, calling for the provision of better air defense systems and tanks to the country.

He also discussed the difficulty of Ukraine getting NATO membership in the near-term due to the ongoing conflict and the need for the alliance to find “guarantees” for the country without membership; and Lithuania’s commitment to strengthening its own armed forces and increasing military spend to 3% of GDP.

— Jenni Reid

Kremlin says planned Russian army increase is due to Ukraine war

The Kremlin has commented further on Russia’s proposals to increase the number of military personnel it has to 1.5 million, as announced in December, saying the West was a threat to Russia.

Kremlin Press Secretary Dmitry Peskov was asked by reporters to comment on discussions held by Russian Defense Minister Sergei Shoigu today on increasing the number of troops within Russia’s armed forces over the next few years. Russia’s defense ministry says it currently has 1.1 million military personnel, state news agency Tass reported.

Peskov said the defense ministry’s proposals to increase the size and structure of the armed forces was “due to the war that the countries of the collective West are waging, a proxy war that includes elements of indirect participation in hostilities, and elements of economic, financial war, legal war, going beyond the legal field, and so on,” he said, referring to the war in Ukraine, which Moscow (and equally many analysts in the West) see as a proxy war between the West and Russia.

“The security of our country must be unconditionally ensured, and in this case the Ministry of Defense is fulfilling its role,” Peskov said, in comments translated by NBC.

There are continuing concerns in Russia that another wave of mobilization could take place as Russia looks to increase its manpower in Ukraine.

In December, Russian President Vladimir Putin said there was no need for more mobilization but that there hasn’t been enough to allay fears of another draft. Peskov claimed Tuesday that the “topic is constantly artificially activated both from abroad and from within the country. I still suggest that you remember all the time the relevant statements that President Putin made on this matter.”

— Holly Ellyatt

Dnipro apartment block strike death toll rises to 44

Rescuers search for people trapped under the rubble of a high-rise residential building hit by a missile on Jan. 14, 2023, in Dnipro, Ukraine.

Global Images Ukraine | Getty Images News | Getty Images

The death toll from a Russian missile strike on an apartment building in the central Ukrainian city of Dnipro at the weekend has risen to 44, Ukraine’s emergency services said Tuesday.

As of 1p.m. local time, 44 people are known to have died, including five children, and 79 people were injured, including 16 children, the emergency services said on Telegram.

They said in a previous post that, among the 47 reports of missing persons, 18 have been found dead while four people were found alive in hospitals. Twenty people are still missing.

The emergency services said 425 people were involved in the search and rescue operation, which it said has been completed.

— Holly Ellyatt

Russia plans ‘major changes’ in armed forces from 2023 to 2026

MOSCOW, RUSSIA – MAY 04: A Russian T-14 Armata tank participates in a Victory Day Parade night rehearsal on Tverskaya street on May 4, 2022 in Moscow, Russia. The holiday, a remembrance of Russians who died in World War II and victory over the Nazis, takes on added significance this year as Russia continues to pursue its war against Ukraine. (Photo by Oleg Nikishin/Getty Images)

Oleg Nikishin | Getty Images News | Getty Images

Russia said on Tuesday that its armed forces would undergo “major changes” from 2023 to 2026, including changes in its composition and administrative reforms.

The defense ministry said that the changes would happen as Russia boosts the number of its military personnel to 1.5 million.

“Only by strengthening the key structural components of the Armed Forces is it possible to guarantee the military security of the state and protect new entities and critical facilities of the Russian Federation,” Defense Minister Sergei Shoigu said.

— Reuters

Putin has told new army commander to seize Donbas region by March, official claims

Russian President Vladimir Putin and Chief of the General Staff of Russian Armed Forces Valery Gerasimov attend an annual meeting of the Defense Ministry Board in Moscow, Russia, Dec. 21, 2022.

Mikhail Kuravlev | Sputnik | Reuters

Russian President Vladimir Putin has reportedly instructed the new commander of Russia’s armed forces in Ukraine to seize the eastern Donbas region by March.

Andriy Yusov, a representative of the Main Directorate of Intelligence of the Ministry of Defense of Ukraine, told the domestic Freedom TV channel that Putin had ordered Gen. Valery Gerasimov, a Putin loyalist and head of Russia’s armed forces, to seize the region within months.

“Putin does not pay attention to reality, that is why he has not changed his global goals: the destruction of Ukrainians as a people, a separate nation and the destruction of Ukraine as an independent state,” he said, according to comments translated and reported by news agency Ukrinform.

Adding that the priority for Russia was capturing the Donbas (an aim openly and often stated by Moscow), Yusov said Gerasimov had been set a timeline for doing so, noting “this goal is to seize Donbas and form a security zone there, but already by March.”

Gerasimov was appointed as the commander of Russia’s forces in Ukraine last week as Russian forces have made few advances in recent months, instead becoming caught in attritional combat in Donetsk, particularly around Bakhmut where intense fighting has continued for months.

Yusov said Russia had previously set deadlines for capturing parts of Ukraine but that each time, these had been postponed. CNBC was unable to verify the information in Yusov’s comments.

— Holly Ellyatt

Soledar shouldn’t be considered lost yet but Bakhmut is Russia’s next target, official says

Ukraine says its forces are continuing to fight in the Donetsk town of Soledar, which Russia claimed to have fully captured last week, and said Russian forces are trying to move toward nearby Bakhmut, which is seen as their larger target in the region.

Serhiy Cherevatyi, spokesperson for Ukraine’s eastern military command, commented on national television on Monday that “eastern Ukraine remains the main target of the aggressor’s attack.”

“The enemy focused the main efforts on the Bakhmut direction, especially near Soledar, where battles are raging. Ukrainian units continue holding the defense in the city itself and its outskirts,” Cherevatyi said, according to comments reported by news agency Ukrinform.

Soledar cannot be considered to have been captured by Russia, he said, as battles for the city are still underway.

“Our armed forces are making every effort to make them [Russian forces] pay an incredible price for every inch they are trying to move over,” Cherevatyi said.

Analysts at the Institute for the Study of War noted in an update Monday that Russian forces made additional territorial gains north of Bakhmut and may be intensifying attacks south of the city, near Klishchiivka.

Maxar satellite imagery of bombed out apartment buildings and homes in Soledar, Ukraine.

Maxar | Maxar | Getty Images

Ukrainian President Volodymyr Zelenskyy said Monday evening that he had received the latest briefings from commanders and intelligence chiefs regarding the war.

“The situation in the Donetsk direction was considered separately and in detail. Soledar, Bakhmut and other cities against which Russia has concentrated its last most prepared forces,” he said. “We also reviewed the situation on the southern front. We see what Russia is preparing,” he said, providing no further details.

— Holly Ellyatt

Top U.S. general visits training site for Ukrainian soldiers

Monday was just Day Two for Ukrainian soldiers at the U.S. military’s new training program, but the message was coming through loud and clear.

These are urgent times. And the lessons they will get in the next five weeks on weapons, armored vehicles and more sophisticated combat techniques are critical as they prepare to defend their country against the Russian invasion.

“This is not a run of the mill rotation,” U.S. Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff, said Monday afternoon as he met with commanders. “This is one of those moments in time where if you want to make a difference, this is it.”

Milley, who visited the sprawling Grafenwoehr training area to get his first look at the new, so-called combined arms instruction, has said it will better prepare Ukrainian troops to launch an offensive or counter any surge in Russian attacks.

He spent a bit less than two hours at “Camp Kherson” — a section of the base named after a city in Ukraine where Ukrainian troops scored a key victory against Russia last year. More than 600 Ukrainian troops began the expanded training program at the camp just a day before Milley arrived.

— The Associated Press

Death toll in Dnipro missile strike rises to 40

Rescuers remove the rubble and search for people at an apartment block hit by a rocket launched by Russian occupiers during a massive missile attack on Ukraine Saturday, January 14, Dnipro, central Ukraine.

Mykola Miakshykov | Future Publishing | Getty Images

The death toll from a weekend Russian missile strike on an apartment building in the southeastern Ukrainian city of Dnipro has risen to 40, authorities said Monday, as Western analysts pointed to indications the Kremlin was preparing for a drawn-out war in Ukraine after almost 11 months of fighting.

About 1,700 people lived in the multi-story building, and search and rescue crews have worked nonstop since Saturday’s strike to locate victims and survivors in the wreckage. The regional administration said 39 people have been rescued so far and 30 more remained missing. Authorities said at least 75 were wounded.

Rescuers work on a residential building destroyed after a missile strike, in Dnipro on January 16, 2023, amid the Russian invasion of Ukraine.

Vitalii Matokha | AFP | Getty Images

The reported death toll made it the deadliest single attack on Ukrainian civilians since before the summer, according to The Associated Press-Frontline War Crimes Watch project. Residents said the apartment tower did not house any military facilities.

This photograph taken on January 14, 2023 shows a destroyed car and a residential building that were destroyed by a missile strike in Dnipro. 

Vitalii Matokha | AFP | Getty Images

The European Union’s foreign policy chief, Josep Borrell, called the strike, and others like it, “inhumane aggression” because it directly targeted civilians. “There will be no impunity for these crimes,” he said in a tweet Sunday.

Asked about the strike Monday, Kremlin spokesman Dmitry Peskov said the Russian military doesn’t target residential buildings and suggested the Dnipro building was hit as a result of Ukrainian air defense actions.

— Associated Press

Ukraine prepares for attacks near border with Russian-ally Belarus

Belarus’ President Alexander Lukashenko (C) attends a joint exercise of the armed forces of Russia and Belarus at a firing range near Osipovichi outside Minsk, on Feb. 17, 2022.

Maxim Guchek | Afp | Getty Images

Ukraine is growing increasingly prepared for an attack near its border with Belarus, according to NBC News.

Belarus and Russia began joint military exercises on Monday. That’s elevated concerns that Russia will launch a new ground offensive near the Belarus-Ukraine border as it did in February, NBC News reported.

NBC News spoke to one Ukrainian solider who described the need to be on high alert as an attack could come anywhere within in a span of thousands of miles along the border.

Read more here.

Polish PM to Germany: send Ukraine all weapons, including tanks

A new Leopard 2 A7V heavy battle tank, the most advanced version of the German-made tank.

Sean Gallup | Getty Images News | Getty Images

Polish Prime Minister Mateusz Morawiecki said Germany should send Ukraine all the weapons it needs to defend itself against Russia’s invasion, including tanks.

Delivering the keynote speech at a ceremony marking former conservative Finance Minister Wolfgang Schaueble’s half-century in parliament, he implicitly criticised Social Democrat Chancellor Olaf Scholz’s reluctance to send heavier weaponry.

“I call for decisive actions by the German government,” he said, to applause from gathered, mostly conservative, German legislators. “For all sorts of weapons to be delivered. The battle for freedom and our future is raging as we speak… Tanks must not be left in storehouses, but placed in their hands.”

— Reuters

Latvia’s president says Western world must help Ukraine resist Russia

Latvia’s President Egils Levits said it’s important to maintain support for Ukraine as the war with Russia continues.

“The first reason is that the international community should keep the standard of international law, which is provided for in the Charter of the United Nations from 1945, and we cannot afford to lower this standard,” he told CNBC’s Joumanna Bercetche in Davos, Switzerland.

“Therefore all states that have committed to peaceful order in the world should commit to helping Ukraine resist this unlawful attack,” he added.

Latvia — which itself declared independence from the Soviet Union in 1990, shortly before its collapse — has been, and remains, a staunch ally of Ukraine. Levits said Russia’s invasion was the “gravest violation of the sovereignty of a democratic state” and that solidarity between democracies was vital.

“I think all states which are lawful and which want to keep the standard of international law, there is only one decision and that is to support Ukraine.”

— Holly Ellyatt

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Latest news on Russia and the war in Ukraine

Russian gas will eventually return to Europe, Qatari energy minister says

View of pipe systems and shut-off devices at the gas receiving station of the Nord Stream 2 Baltic Sea pipeline.

Stefan Sauer | picture alliance | Getty Images

The EU’s rejection of Russian energy commodities following Moscow’s invasion of Ukraine won’t last forever, Qatar’s energy minister said at the weekend.

“The Europeans today are saying there’s no way we’re going back” to buying Russian gas, Saad Sherida al-Kaabi, energy minister and head of state gas company QatarEnergy, said at the Atlantic Council Energy Forum in Abu Dhabi.

“We’re all blessed to have to be able to forget and to forgive. And I think things get mended with time… they learn from that situation and probably have a much bigger diversity [of energy intake].”

Europe has long been Russia’s largest customer of most energy commodities, especially natural gas. EU countries have dramatically cut down their imports of Russian energy supplies, imposing sanctions in response to Moscow’s brutal, full-scale invasion of Ukraine.

Read more on the story here

Polish PM to Germany: send Ukraine all weapons, including tanks

A new Leopard 2 A7V heavy battle tank, one of the tanks that Ukraine has requested from Germany.

Sean Gallup | Getty Images News | Getty Images

Polish Prime Minister Mateusz Morawiecki said Germany should send Ukraine all the weapons it needs to defend itself against Russia’s invasion, including tanks.

Delivering the keynote speech at a ceremony marking former conservative Finance Minister Wolfgang Schaueble’s half-century in parliament, he implicitly criticised Social Democrat Chancellor Olaf Scholz’s reluctance to send heavier weaponry.

“I call for decisive actions by the German government,” he said, to applause from gathered, mostly conservative, German legislators. “For all sorts of weapons to be delivered. The battle for freedom and our future is raging as we speak… Tanks must not be left in storehouses, but placed in their hands.”

— Reuters

Dnipro missile strike death toll rises further

The death toll following a Russian missile strike on a nine-story apartment building in the city of Dnipro has risen.

Citing information from the head of the Ukraine’s National Police Ihor Klymenko, the National Police posted on Telegram that as of 10:30 a.m. local time, 36 people had been killed, including two children.

Seventy-five people are known to have been injured in the attack, including 15 children, while 39 were rescued, including six children, the post states. Search and rescue works are continuing, the police added.

Following that update, a post on Telegram by Ukraine’s emergency services said that 40 people had perished in the attack, including three children.

Residential building destroyed after a Russian missile attack on January 14, 2023 in Dnipro, Ukraine.

Global Images Ukraine | Getty Images News | Getty Images

The attack took place on Saturday and destroyed 72 apartments and damaged 230 others, news agency Ukrinform reported.

The Kremlin said Monday that its armed forces “do not strike at residential buildings or at social infrastructure facilities. The strikes are carried out on military targets camouflaged or obvious,” Kremlin Press Secretary Dmitry Peskov said, according to Russian news agency Tass.

— Holly Ellyatt

Kremlin says British tanks ‘will burn’ in Ukraine

The Kremlin has said heavy armored vehicles supplied to Ukraine “will burn,” days after Britain said it would supply Challenger 2 tanks to the country.

Kremlin Press Secretary Dmitry Peskov was asked by reporters to comment on recent moves by Ukraine’s Western allies to supply Kyiv with heavier armored vehicles.

He replied “nothing could change” the intention of Western countries to supply such equipment but that it would not make a difference to the war, or “special military operation,” according to comments reported by state news agency Tass and translated by Google.

“The special military operation will continue. These tanks are on fire and will burn just like the rest. The goals of the special military operation will be achieved,” he added.

A Challenger 2 main battle tank on display for The Royal Tank Regiment Regimental Parade, on Sept. 24, 2022, in Bulford, England.

Finnbarr Webster | Getty Images News | Getty Images

On Saturday, British Prime Minister Rishi Sunak announced that the U.K. would provide 14 Challenger 2 tanks to Ukraine, making it the first Western country to supply the heavy tanks Kyiv has been repeatedly asking for.

Russia criticized the move, saying it would only escalate the war. The Russian Embassy in London tweeted that “Challenger 2 tanks will hardly help the Ukrainian military turn the tide in the field. Yet they will become legitimate large-scale targets for Russian forces.”

— Holly Ellyatt

Russian-installed official in Crimea says air defenses shot down seven drones

Russian warships are seen ahead of the Navy Day parade in the Black Sea port of Sevastopol, Crimea July 23, 2021.

Alexey Pavlishak | Reuters

The Russian-installed governor of Sevastopol in Crimea said on Monday that air defenses had downed seven drones over the city in what he called a “failed Ukrainian attack.”

Sevastopol, which is on the Crimean peninsula that Russia annexed in 2014, has come under repeated air attack since Russia invaded Ukraine in Febuary. Russian officials have blamed the attacks on Ukraine.

Governor Mikhail Razvozhayev said all the drones were downed over the sea, with no damage to any infrastructure. He denied reports in Ukrainian media that there were explosions in the city, and said air defenses were continuing to monitor the skies, in a post on his Telegram channel.

— Reuters

German Defense Minister Lambrecht announces resignation

German Defense Minister Christine Lambrecht (R) attends a meeting with members of a Ukraine Security Consultative Group at the U.S. Air Base in Ramstein, western Germany, on April 26, 2022.

Andre Pain | AFP | Getty Images

German Defense Minister Christine Lambrecht has asked Chancellor Olaf Scholz for her dismissal, she said in a statement on Monday, the culmination of growing skepticism about her ability to bring the German army into shape against the backdrop of the Ukraine war.

“Today I asked the chancellor to dismiss me from the office of federal minister of defence,” Lambrecht, a member of Scholz’s Social Democratic Party (SPD), said in the statement.

Her decision to step down comes as Germany is under pressure to approve an increase in international military support for Kyiv, and Germany’s defense capabilities have been called into question after several Puma infantry tanks were put out of service during a recent military drill.

— Reuters

Children’s hospital in Kherson city damaged in attack, official says

Multiple windows of a children’s hospital in Kherson city in southern Ukraine have been blown out during a Russian attack, according to Kyrylo Tymoshenko, the deputy head of the Office of the President of Ukraine.

Posting on Telegram, Tymoshenko said the damage had occured when it came under “enemy fire” but gave no further details.

“This time, they attacked a children’s hospital. As a result, about 30 windows in the neonatal (6-story) building were broken,” he said, according to a Google translation of his comments.

There is no information about any casualties, he added. CNBC was unable to immediately verify his report.

— Holly Ellyatt

Ukraine likely continues to maintain positions in Soledar, UK says

Britain’s Ministry of Defense said Monday that Ukraine likely maintained positions in Soledar, a town Russia claims to have fully captured.

The ministry said intense fighting continued in both the Kremina and Bakhmut areas of the Donbas front over the weekend.

“As of 15 January 2023, Ukrainian Armed Forces (UAF) almost certainly maintained positions in Soledar, north of Bakhmut, in the face of continued Wagner Group [private military company] assaults,” the ministry said in an intelligence update on Twitter.

Members of Ukraine’s 95th Air Assault Brigade defend an area near the front line of fighting on Jan. 12, 2023, outside Kremina, Ukraine.

Spencer Platt | Getty Images News | Getty Images

Around Kremina, a town in Luhansk around 40 miles north of Bakhmut, fighting has been characterized by a complex series of local attacks and counter-attacks in wooded country, the U.K. said, noting that overall, “the UAF continue to gradually advance their front line east on the edge of Kremina town.”

“Over the last six weeks, both Russia and Ukraine have achieved hard-fought but limited gains in different sectors,” the ministry noted.

“In these circumstances, a key operational challenge for both sides is to generate formations of uncommitted, capable troops which can exploit the tactical successes to create operational breakthroughs.”

— Holly Ellyatt

Ukraine reels from Dnipro attack in which 35 people are known to have died

A residential building destroyed after a Russian missile attack on Jan. 15, 2023, in Dnipro, Ukraine.

Global Images Ukraine | Getty Images News | Getty Images

Ukraine is reeling from a major Russian missile attack on the city of Dnipro in central Ukraine on Saturday after an apartment block was hit.

Dnipro’s regional governor Valentyn Reznichenko said in an update on Telegram Monday morning that 35 people had been killed in the attack, including two children. He added that 39 people had been rescued and 75 were known to have been injured in the attack, among them 14 children.

Ukraine’s emergency services said Sunday that there were 45 reports of missing persons and that “while 11 people have been identified, the fate of 34 people is being clarified.”

Ukrainian President Volodymyr Zelenskyy said Sunday evening that a rescue operation continued as debris was cleared at the site of the strike, an attack that the president characterized as a terrorist act by Russia.

“As of now, the fate of more than 30 people who could have been in the house at the time of the terrorists’ missile hit remains unknown,” he said in his daily address.

“Dozens of people were rescued from the rubble, including six children. We are fighting for every person! The rescue operation will last as long as there is even the slightest chance to save lives.”

Fireman and rescuers carry a girl rescued from under the rubble on Jan. 15, 2023 in Dnipro, Ukraine.

Global Images Ukraine | Getty Images News | Getty Images

Zelenskyy called on Russians to condemn the attack, stating, “I want to say to all those in Russia – and from Russia – who even now could not utter even a few words of condemnation of this terror… Your cowardly silence, your attempt to “wait out” what is happening will only end with those same terrorists coming after you one day.”

Ukraine’s Air Force said the apartment block was struck by a Russian Kh-22 missile, an anti-ship missile which is known to be inaccurate. Russia has said previously it does not deliberately target civilians but there have been multiple instances of civilian infrastructure, including schools, residential buildings and hospitals, being hit in missile strikes.

— Holly Ellyatt

Everything is going according to plan in Ukraine, Putin says

Russian President Vladimir Putin chairs a meeting with government members via a video link from a residence outside Moscow, Russia, on Jan. 11, 2023.

Mikhail Klimentyev | Sputnik | Reuters

Russian President Vladimir Putin said the dynamics of the war in Ukraine, which Moscow calls a “special military operation,” are positive.

“The dynamics are positive. Everything is developing within the plan of the Defense Ministry and the General Staff. And I hope that our fighters will please us more than once again with the results of their combat work,” Putin said in an interview with the Rossiya-1 TV channel, as reported by state news agency Tass.

Russia’s Defense Ministry said on Friday said Russian forces had captured Soledar in the eastern Donetsk region the previous day, after several days of conflicting reports over whether the town had fallen under Russian control.

This grab taken from AFP video footage shows smoke rising, as seen from the outskirts of Soledar, eastern Ukraine on Jan. 11, 2023.

Arman Soldin | Afp | Getty Images

A spokesperson for the ministry said controlling Soledar made it possible to cut off the supply routes of Ukrainian forces in Bakhmut and to then surround the town, a key target for Russia for months as it looks to extend its control over the Donetsk region, neighboring Luhansk and the entire Donbas in eastern Ukraine.

Ukraine has not conceded defeat in Soledar, with President Volodymyr Zelenskyy saying Sunday evening that “the battle for Soledar, for Bakhmut, for the whole Donetsk region, for the Luhansk region continues without any respite, without any stop.”

— Holly Ellyatt

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Latest news on Russia and the war in Ukraine

A winter freeze near Kharkiv allows for easier river crossing

A winter freeze near Kharkiv allows Ukrainians to cross the frozen Siverskyi Donets River as workers repair a bombed bridge in Staryi Saltiv, Ukraine.

Most of Ukraine continues to experience a daily barrage of both missiles and drones from Russia as the nation approaches the one-year anniversary of the start of the war. 

A Ukrainian soldier crosses the frozen Siverskyi Donets River as workers repair the bombed bridge on January 13, 2023 in Staryi Saltiv, Ukraine.

Pierre Crom | Getty Images

A local resident suffering from a stroke is transported to the hospital by healthcare workers on the frozen Siverskyi Donets River as workers repair the bombed bridge on January 13, 2023 in Staryi Saltiv, Ukraine.

Pierre Crom | Getty Images

A local resident suffering from a stroke is transported to the hospital by healthcare workers on the frozen Siverskyi Donets River as workers repair the bombed bridge on January 13, 2023 in Staryi Saltiv, Ukraine.

Pierre Crom | Getty Images

Fishers catch fish through holes drilled on the 20 cm thick ice covering the frozen Siverskyi Donets River on January 13, 2023 in Staryi Saltiv, Ukraine.

Pierre Crom | Getty Images

Fishermen catch fish through holes drilled on the 20 cm thick ice covering the frozen Siverskyi Donets River on January 13, 2023 in Staryi Saltiv, Ukraine.

Pierre Crom | Getty Images

People cross the frozen Siverskyi Donets River as workers repair the bombed bridge on January 13, 2023 in Staryi Saltiv, Ukraine.

Pierre Crom | Getty Images

Workers repair the bombed bridge crossing the frozen Siverskyi Donets River on January 13, 2023 in Staryi Saltiv, Ukraine.

Pierre Crom | Getty Images

-Pierre Crom | Getty Images

Ukrainian officials meet with Biden’s sanctions coordinator as war nears one-year mark

The US and Ukrainian float on the South Lawn of the White House ahead of a meeting between President Joe Biden and his Ukrainian counterpart Volodymyr Zelensky in Washington, DC on December 21, 2022.

Olivier Douliery | AFP | Getty Images

The head of Ukrainian President Volodymyr Zelenskyy’s office Andriy Yermak said he met with President Joe Biden’s sanctions coordinator, Amb. James O’Brien, via video conference to discuss “strengthening sanctions against individuals and legal entities that continue to support Russia’s aggression against Ukraine.”

“We focus on the most important people who have propaganda influence in Russia. In particular, those who personally participated in the annexation of Ukrainian territory. People who openly support the war in Ukraine. And some of them even say how many Ukrainians should be killed, how many attacks should be carried out against civilians and civilian infrastructure,” Yermak said.

Yermak added that it was unacceptable that Russian propaganda influencers can freely visit and maintain properties in the United States, Great Britain and the European Union.

“Today it is propaganda from public people that has the greatest impact on Russian society. And if these people travel freely around the world and are fine with supporting the war and killing of Ukrainians, it is a signal to all Russians that everything is fine. It should not be so,” Yermak said in a readout of the meeting.

Biden’s ambassador to Ukraine Bridget Brink, Ukraine’s ambassador to the United States Oksana Markarova and Ukraine’s Minister of Economy Yulia Svyrydenko also attended the meeting. 

— Amanda Macias

German exports to Russia down 52.8% in November compared to same period a year earlier

Russian President Vladimir Putin watches the Red Square Victory Day Parade, on May 9, 2019 in Moscow, Russia.

Mikhail Svetlov | Getty Images News | Getty Images

German exports to Russia dropped by 52.8% to 1.2 billion euros in November 2022 compared to the same period a year prior, according to Germany’s federal statistical office.

“In contrast, exports to the United States, the most important destination of German exports, increased by 30.9% to 14.4 billion euros,” the office wrote, adding that motor vehicles and machinery were among the top exported goods.

Germany, Europe’s largest economy, said that other important export partners were France at 10.5 billion euros and the Netherlands at 10.1 billion euros.

— Amanda Macias

12 vessels leave Ukrainian ports under Black Sea Grain Initiative

Ships, including those carrying grain from Ukraine and awaiting inspections, are seen anchored off the Istanbul coastline on November 02, 2022 in Istanbul, Turkey.

Chris Mcgrath | Getty Images

Twelve vessels carrying 346,356 metric tons of grain and other food products have left Ukrainian ports, the organization overseeing the export of agricultural products said.

Two ships are destined for China, another two vessels will depart for Turkey, two more ships will travel to Greece and another two vessels will sail to Italy. The remaining four ships will head to Morocco, Spain, Portugal and the Netherlands.

The Black Sea Grain Initiative, a deal brokered in July among Ukraine, Russia, Turkey and the United Nations, eased Russia’s naval blockade and saw three key Ukrainian ports reopen.

— Amanda Macias

U.S. Treasury Secretary Yellen will discuss food security and energy costs triggered by Russia’s war during a trip to Africa

Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC.

Saul Loeb | AFP | Getty Images

High on U.S. Treasury Secretary Janet Yellen’s agenda on a multi-country tour of Africa will be efforts to mitigate the fallout of Russia’s war in Ukraine.

“Russia’s brutal and unprovoked war on Ukraine has created global headwinds, including exacerbating food insecurity and high fertilizer and energy prices that are particularly being felt in African countries,” a senior Treasury official said on a call with reporters.

“We will work with Africa to address the spillover effects of Russia’s illegal war in Ukraine,” added the official, who spoke on the condition of anonymity.

Yellen’s trip comes as the United Nation’s Black Sea Grain Initiative deal, which has overseen the movement of more than 16.9 million metric tons of Ukrainian agricultural goods to global destinations, nears expiration.

— Amanda Macias

Putin ally suggests seizing property of war critics who fled Russia

Russian President Vladimir Putin (L) talks to State Duma Speaker Vyacheslav Volodin (R) during his annual meeting with top prosecutors at the Prosecutor General’s Office on March 19, 2019 in Moscow, Russia. Putin highlighted pressing need for efficient protection of entrepreneurs” and requested prosecutors to “decisively respond to violation in this sphere”.

Mikhail Svetlov | Getty Images

A close ally of President Vladimir Putin suggested confiscating the property of Russians who have left the country and who “insult” the state and its armed forces from abroad.

The proposal from Vyacheslav Volodin, speaker of the lower house of parliament, was clearly aimed at opposition figures — many already designated as “foreign agents” — who have condemned the Ukraine war after fleeing the country to avoid arrest.

“Recently, some of our fellow citizens consider it possible to insult Russia, its inhabitants, soldiers and officers, and openly support villains, Nazis and murderers,” Volodin said, the latter terms referring to the forces that Moscow claims to be fighting in Ukraine.

“Their goal is clear — to curry favour and try to maintain their well-being abroad,” he wrote on his Telegram channel.

— Reuters

NATO planes to be sent to Romania to eye Russian activity

NATO Secretary General, Jens Stoltenberg, right, and the President of Boeing International, Sir Michael Arthur, speak during a media conference at Melsbroek military airport in Melsbroek, Belgium, on Nov. 27, 2019.

Virginia Mayo | AP

NATO said it plans to deploy three surveillance planes to Romania next week to perform reconnaissance missions and to “monitor Russian military activity ” within the 30-nation military alliance’s territory.

The Airborne Warning and Control System surveillance planes, or AWACS, belong to a fleet of 14 usually based in Germany. Three of the aircraft will be sent Tuesday to an airbase near Romania’s capital, Bucharest, on a mission expected to last several weeks, the 30-nation alliance said in a statement.

The planes “can detect aircraft hundreds of kilometers away, making them a key capability for NATO’s deterrence and defense posture,” NATO spokesperson Oana Lungescu said in a statement.

Since Russia invaded Ukraine in February, NATO has bolstered its presence on Europe’s eastern flank, including by sending additional battlegroups to Romania, Bulgaria, and Slovakia.

— Associated Press

Ukraine’s defense minister says Ukraine is a ‘de facto’ member of NATO

Ukrainian Minister of Defence Oleksii Reznikov attends the Ukraine Security Consultative Group meeting at Ramstein air base on April 26, 2022 in Ramstein-Miesenbach, Germany.

Thomas Lohnes | Getty Images

Ukrainian Defense Minister Oleksii Reznikov described his country as being a “de facto” member of the NATO alliance. He added that he is sure Ukraine will receive the advanced weaponry it’s long sought from the West, including fighter jets and tanks.

“Ukraine as a country, and the armed forces of Ukraine, became [a] member of NATO,” Reznikov told the BBC in an interview. “De facto, not de jure. Because we have weaponry, and the understanding of how to use it.” De facto and de jure translate to “in fact” and “by law,” respectively.

“It’s true. It’s a fact,” Reznikov said, questioning why such a statement would be controversial. “I’m sure that in the near future, we’ll become member of NATO, de jure.”

While Western allies have sent billions of dollars worth of heavy weaponry to Ukraine already, they have been hesitant to provide Ukraine with items such as battle tanks and fighter jets for fear of provoking Russia into a more dangerous escalation. Reznikov dismissed those sentiments.

“This concern about the next level of escalation, for me, is some kind of protocol,” he said.

NATO membership has been a long controversial topic for Ukraine, which Russia used as a pretext for its invasion. Ukraine has for years wanted to join the 30-country alliance, in a move that Russia and its President Vladimir Putin see as an existential security threat.

Moscow in late 2021 demanded that Ukraine pledge to never join NATO, a request that both Washington and Kyiv refused. Ukrainian President Volodymyr Zelensky has urged NATO to allow Kyiv’s fast-track accession. The alliance has so far been unwilling to accommodate this request, despite supplying Ukraine with support, weapons and military training.

NATO does not want to appear as if it is directly fighting Russia. Article 5 of the NATO Treaty says that an attack on one member means an attack on the entire alliance.

— Natasha Turak

Ukraine denies Russia’s claim of control over Soledar

Ukrainian officials are denying Russia’s claim that its forces have taken control of the salt mining town of Soledar in Ukraine’s eastern Donetsk province.

“The statements of the Russian MoD about the capture of the city are not true. There are battles in Soledar,” Serhiy Cherevaty, a spokesman of the Eastern group of the Ukrainian army, told local news outlet RBC-Ukraine.

If the Russian announcement is true, it would be Moscow’s first noteworthy victory in several months.

— Natasha Turak

Russia’s defense sector is likely using convicts for its manufacturing: UK MoD

It is “highly likely” that Russia is using convict labor to work in its defense manufacturing sector, the UK’s Ministry of Defence said in its latest daily intelligence update.

“In November 2022, Uralvagonzavod (UVZ), Russia’s largest tank manufacturer, told local media that it would employ 250 prisoners after meeting with the Federal Penal Service (FSIN),” the ministry wrote in a series of tweets.

“There is a long tradition of prison labour in Russia, but since 2017 forced labour as a specific criminal punishment was reintroduced,” it added.

The ministry said that the FSIN has “been accused of extreme brutality and corruption.”

— Natasha Turak

Russia claims control of Soledar after months of fighting

Maxar satellite imagery of bombed out apartment buildings and homes in Soledar, Ukraine.

Maxar | Maxar | Getty Images

Russia says it has taken control of Soledar, the eastern Ukrainian salt mining town in Donetsk that has been the site of bloody fighting for months. Russian authorities called the development a “crucial step.”

The town is highly strategic as Russian control of it will cut off Ukrainian forces in Bakhmut, a city that has seen some of the war’s heaviest fighting in recent months.

Ukrainian officials said as recently as Friday afternoon that their forces continue to hold out after “hot” battles overnight.

— Natasha Turak

France hopes to send Ukraine light tanks in coming months; more Western countries may follow

France aims to send light combat tanks to Ukraine in two months, French armed forces minister Sébastien Lecornu said in a statement after holding a phone call with Ukrainian defense minister Oleksii Reznikov.

The promise of the French AMX 10-RC tanks signifies a step-up in weapons provisions from the West to Ukraine, as tanks were previously deemed too much of an escalation risk to give to the Ukrainians. The recent decision to send tanks from the U.S. as well as the U.S.’s Patriot air defense system and Patriot missile batteries from Germany indicate that Western allies are ready to send more previously-withheld heavy weaponry to Ukraine ahead of an anticipated Russian spring offensive.

— Natasha Turak

Russian-installed official: ‘Pockets of resistance’ remain in Soledar

This grab taken from AFP video footage shows a member of Ukraine’s military looking away as a BM-21’Grad’ MLRS 122mm rocket launcher fires on the outskirts of Soledar on January 11, 2023.

Arman Soldin | Afp | Getty Images

Conflicting reports continue to emerge concerning the salt mining town of Soledar in Ukraine’s embattled eastern Donetsk province.

Andrey Baevsky, a Russia-installed official in Donetsk, told Russian media outlet TASS that there are still “pockets of resistance” of Ukrainian troops holding out, after the head of the Russian private military firm Wagner Group, Yevgeny Prigozhin, said on Tuesday that his forces had captured the town.

“At the moment, indeed, there are still separate small pockets of resistance in Soledar, (but) our guys continue to crush the enemy in these places,” Baevsky said.

“In general, the operation developed successfully and the western outskirts of Soledar are already completely under our control,” he said.

Ukrainian President Volodymyr Zelenskyy rejected Prigozhin’s assertion, saying on Wednesday night: “The fighting continues. The Donetsk direction is holding out. And we do everything, without stopping for a single day, to strengthen Ukrainian defense.”

— Natasha Turak

White House declines to say if U.S. will equip Ukraine with main battle tanks

White House National Security Council Strategic Communications Coordinator John Kirby speaks during a press briefing at the White House in Washington, November 28, 2022.

Kevin Lamarque | Reuters

The White House declined to say whether the U.S. would specifically provide Ukraine with main battle tanks after other countries recently announced similar commitments.

National Security Council spokesman John Kirby told reporters at a daily briefing that some weapons and equipment that Ukraine requests “won’t always come from the United States,” though a significant portion has.

Kirby said there are a wide variety of factors including location, timelines and future maintenance requirements, that contribute to the makeup of U.S. security assistance packages for Ukraine.

He added that the U.S. routinely works with Ukraine on “understanding their needs and capabilities” when assembling military aid packages.

Last week, Washington announced its largest package since Russia’s full-scale invasion of Ukraine began nearly a year ago.

The upcoming military aid package, the 29th such tranche, brings U.S. commitment to Ukraine’s fight to about $24.9 billion since the beginning of the Biden administration.

New to this aid package are 50 Bradley infantry fighting vehicles, armored tracked vehicles manufactured by U.S. defense firm BAE Systems. Bradleys are typically equipped with a rotating turret, mounted 25mm gun and TOW anti-tank missiles. The U.S. will provide 500 TOW anti-tank missiles and 250,000 rounds of ammunition for use with the Bradleys.

— Amanda Macias

Zelenskyy praises troops holding the Ukrainian cities of Soledar and Bakhmut as Russian fighting intensifies

Ukrainian president Volodymyr Zelenskyy speaks during a joint press conference with President of Guatemala Alejandro Giammattei on July 25, 2022 in Kyiv, Ukraine.

Alexey Furman | Getty Images

Ukrainian President Volodymyr Zelenskyy praised his country’s forces for holding the cities of Soledar and Bakhmut as Russian fighting intensifies.

He vowed to funnel additional weapons to the Ukrainian troops in those regions and on the frontlines.

“The day will definitely come when the Ukrainian flag will be absolutely on par with all flags of the EU member states,” Zelenskyy said in a nightly address shared on his official Telegram channel.

— Amanda Macias

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JPMorgan Chase, Wendy’s and more

A sign is posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California.

Justin Sullivan | Getty Images

Check out the companies making headlines in midday trading.

JPMorgan – Shares of the biggest U.S. bank by assets rose more than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 billion, or $3.57 per share. Interest income at the bank surged 48% on higher rates and loan growth.

Citigroup — Citigroup’s stock added more than 1% as the company reported a record fourth quarter for fixed income. The bank said net income decreased during the period by more than 21% over last year as it set aside more money for potential credit losses.

Delta Air Lines — The airline stock edged about 4% lower after the company said in its outlook that higher labor costs would hurt its first-quarter profits. Delta topped analysts’ expectations on the top and bottom lines for the fourth quarter.

Wendy’s — The fast-food chain’s stock added 5.7% after Wendy’s shared positive preliminary fourth-quarter results and announced a handful of reshuffles within its corporate structure. A regulatory filing also indicated that Nelson Peltz does not want to take over Wendy’s.

Wells Fargo – The bank stock dipped 0.1% after the firm reported shrinking profits, weighed down by a recent settlement and the need to build up reserves amid a deteriorating economy. Wells Fargo’s net income tumbled 50% to $2.86 billion from $5.75 billion a year ago. The bank set aside $957 million for credit losses after reducing its provisions by $452 million a year ago.

Bank of America —The financial stock rose less than 1% on Friday after Bank of America beat estimates on the top and bottom lines for the fourth quarter. A sharp rise in net interest income helped the results, though management cautioned that the metric could decline sequentially in the first quarter. CEO Brian Moynihan also said that a mild recession was the firm’s baseline assumption for 2023.

Virgin Galactic Holdings — The space tourism company jumped nearly 13% after it said it was on track for a commercial launch in the second quarter of 2023. The company also announced its president of aerospace systems, Swami Iyer, was leaving.

Tesla — Shares of the electric-vehicle maker shed more than 2% after being downgraded to sell from neutral by Guggenheim and cutting prices on its vehicles in the U.S. and Europe. In its downgrade, Guggenheim cited concerns with Tesla’s fourth-quarter estimates.

Bank of New York Mellon — Shares of the mid-sized bank rose 2.5% on Friday after the company reported net income of $509 million for the fourth quarter. That was down 38% year over year but up about 60% from the third quarter. That profit rose to $1.1 billion, or $1.30 per share, when excluding certain items, but it is unclear if those results were comparable to analysts’ estimates.

UnitedHealth — The health-care stock advanced more than 1% after the company surpassed Wall Street’s fourth-quarter expectations. UnitedHealth reported adjusted earnings of $5.34 a share on $82.8 billion in revenue. Analysts polled by Refinitiv expected earnings of $5.17 per share on revenues of $82.59 billion.

Lockheed Martin — The defense stock slipped more than 3% after Goldman Sachs downgraded shares to sell from a neutral rating. The firm said shares could fall if the government trims defense spending. Northrop Grumman shares also dove 5% on Goldman’s downgrade to a sell from neutral rating.

Salesforce — The software stock shed 1% following a downgrade to neutral from overweight by Atlantic Equities. The firm said the stock would likely be hurt by executive departures and slowed growth.

Logitech — Shares of the consumer electronics company dipped 3.3% after Deutsche Bank downgraded the shares to a hold from a buy rating. The decline built on Thursday’s losses after reporting preliminary results that signaled slowing sales and earnings.

Warner Music Group – Shares of Warner Music Group shed 5.5% after Guggenheim cut its rating on the stock to neutral from buy and trimmed its price target to $35 from $38, citing worries about revenue from the music streaming service.

Copa — Shares of the Latin American airline jumped 4.9% following an upgrade to overweight from a neutral rating by analysts at JPMorgan. The bank said shares could rally 50% as air travels resurges.

AutoNation — AutoNation’s stock fell 4.3% as Wells Fargo downgraded the automotive retailer to equal weight from an overweight rating, saying that its valuation looks “reasonable” and estimates look too high.

— CNBC’s Jesse Pound, Yun Li, Michelle Fox, Alex Harring and Carmen Reinicke contributed reporting

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