Recent News on the War in Russia and Ukraine

Russia said on Monday it had used naval missiles to destroy S-300 anti-aircraft missile systems supplied to Ukraine by an unidentified European country.

Russia on Sunday fired caliber caliber cruise missiles at four S-300 missiles hidden in a hangar on the outskirts of the Ukrainian city of Dinifro, the Defense Ministry said.

Russia says 25 Ukrainian troops were killed in the attack.

– Reuters

Ukraine’s Deputy Prime Minister Irina Vareshchuk said on Monday that nine humanitarian corridors had been agreed to evacuate people from the besieged eastern part of the country.

Wereshchuk said the planned corridors would include five in the Luhansk region, three in the Saporizhia region and one in the Donetsk region.

– Sam Meredith

Ukrainian President Volodymyr Zhelensky has told South Korean lawmakers that Russia’s attack on the besieged port city of Mariupol could have killed tens of thousands of people.

“Even if the Russians do not stop the attack, they want Mariupol to be an example,” Zhelensky said in the translation.

He accused Russia of targeting and destroying Ukraine’s infrastructure, including nearly 300 hospitals, and warned that tens of thousands of Russian troops were preparing for the next attack.

“Russian rational thinking prevails and there is no hope that Russia will stop. This can only be done by forcing Russia,” Zelenskyy said.

– Sam Meredith

German Foreign Minister Annalena Barbach says there are “massive signs” of Russian war crimes in Ukraine, and that it is necessary to protect all evidence, according to Reuters.

Ahead of a meeting with European ministers in Luxembourg, Reuters reported that “we have massive indications of war crimes.” “In the end, the courts have to decide, but for us, it is important to protect all the evidence.”

“As the German federal government, we have already made it clear that there will be a complete elimination of fossil fuels, starting with coal, and then oil and gas, and this must be implemented jointly in the EU.

– Sam Meredith

Ole Sinekubov, head of the Kharkiv regional administration, said Russian forces had carried out about 66 attacks in the northeastern city and nearby areas within 24 hours.

Sinekubov said the attack killed 11 civilians, including a 7-year-old boy, and injured 14 others. Affected areas include Saltivka, Piatihatki, Kolotna Hora, Pisochin, Solosiv, Palaklia and Derhachi.

CNBC could not verify this report independently.

“We see the operation of enemy spy planes in the region,” Sinekubov said in a translation via telegram.

– Sam Meredith

Ukraine’s Foreign Minister Dmitry Kuleba has warned of the possibility of “massive” Russian false propaganda about the imposition of sanctions on Western lawmakers and the supply of arms to Ukraine.

“Russia is aware that arms supplies to Ukraine are vital and is mobilizing all efforts to undermine them,” Guleba said on Twitter.

“Moscow has produced a huge information campaign targeting foreign media and politicians. Their troll factory spam emails and flood comments. [disinformation] On Ukraine. Don’t fall for it. “

– Sam Meredith

French bank Society General Interros Capital, an investment firm founded by Russian billionaire Vladimir Botan, has agreed to sell its stake in Rosbank and Russian lender insurance subsidiaries.

The bank withdrew from Russia following mounting pressure to follow in the footsteps of other Western companies following the Kremlin’s invasion of Ukraine.

SocGen Said The net book value of the excluded activities would be discounted by 2 billion euros ($ 2.1 billion) and would be an exceptional non-cash item with no impact on the Group’s capital ratio of 1 1.1 billion.

Shares of SocGen rose nearly 5% during early morning trading in London.

– Sam Meredith

The Russian Defense Ministry says Russian shelling continues in the Donetsk and Luhansk regions of Ukraine, with Ukrainian forces “repelling several attacks and destroying Russian tanks, vehicles and artillery.”

The ministry warned that Russian forces already using phosphorus ammunition in the Donetsk region “will increase their future employment in Mariupol as the fighting for the city intensifies”.

It said Russia’s “continued reliance on unmanned bombs reduces the potential for discrimination during targeted attacks and at the same time greatly increases the risk of civilian casualties.”

– Sam Meredith

The World Bank said in a new assessment of the war’s economic impact on Sunday that Ukraine’s economic output will shrink dramatically to 45.1% this year as Russia’s invasion closes businesses, reduces exports and destroys productivity.

The World Bank predicts that Russia’s 2022 GDP output will fall by 11.2% due to financial sanctions imposed by the United States and its Western allies on Russia’s banks, state – owned enterprises and other entities.

The World Bank’s Eastern Europe region, which includes Ukraine, Belarus and Moldova, is projected to shrink by 30.7% of GDP this year, due to shocks caused by the war and disruption of trade.

In the case of Ukraine, the World Bank reports that more than half of the country’s businesses have closed, while others are still operating at normal capacity while still open. The closure of Black Sea shipping from Ukraine has cut off 90% of the country’s grain exports and half of total exports.

– Reuters