Russia's central bank hikes rates to fight inflation fuelled by military spending
Russia's central bank raised its interest rate by a full percentage point on Friday as government military spending in its invasion of Ukraine strains the economy.
Russian fiber-optic drones from the elite Bars-27 detachment have struck a key Ukrainian UAV control center in a high-precision operation. According to Russia’s Ministry of Defense, the strike followed the downing of a Ukrainian DJI Matrice 30 reconnaissance drone, which revealed the enemy's launch position.
In a follow-up mission, the same unit neutralized a concealed Ukrainian mortar site near Kramatorsk. The dual strikes were part of Battlegroup South's broader effort to degrade Ukraine’s surveillance and artillery coordination.
Meanwhile, Russian President Vladimir Putin addressed a high-level defense strategy meeting, calling for cutting-edge military technology to not only match but outpace Western capabilities—especially in drone warfare, air defense, and missile systems.
This comes amid rising battlefield innovation and a new arms race shaping the future of war in Eastern Europe.
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Ukraine and Russia exchange more prisoners of war under Istanbul deal
Ukraine and Russia carried out another exchange of prisoners of war as agreed in the 2 June Istanbul talks. Kyiv has not revealed how many Ukrainian defenders have been exchanged at each stage, saying only that the Thursday swap focused on severely wounded soldiers.
READ MORE : http://www.euronews.com/2025/06/12/ukraine-and-russia-exchange-more-prisoners-of-war-under-istanbul-deal
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Credit: euronews (in English) Duration: 01:28Published
Russia aims to capture Odesa and threaten Moldova and Romania, Zelenskyy warns
At the Ukraine-Southeast Europe Summit in Odesa on Wednesday, Ukraine's president revealed Russia's plans to attack the Ukrainian port city and move towards Moldova and Romania, stressing the need for protection and peace efforts.
READ MORE : http://www.euronews.com/2025/06/12/russia-aims-to-capture-odesa-and-threaten-moldova-and-romania-zelenskyy-warns
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Credit: euronews (in English) Duration: 01:41Published
Russia has returned the bodies of 1,212 Ukrainian soldiers, a massive and grim delivery meant to showcase battlefield dominance. In return, Ukraine handed over just 27 Russian dead — a disparity now fuelling political and propaganda warfare.
#RussiaUkraineWar #BodyExchange #BattlefieldDominance #UkraineWar #Putin #Zelenskyy #KharkivAttack #WarPropaganda #FrontlineLosses #UkraineCrisis #MoscowVsKyiv #IstanbulTalks #RussiaReturnsBodies #WarCasualties #MilitaryPowerPlay #Geopolitics #EasternFront #AFPNews
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Russia has reportedly entered Ukraine’s Dnipropetrovsk Oblast, expanding its war zone beyond Donetsk. While Kyiv dismisses the claim as propaganda, military analysts confirm geolocation evidence of Russian advances. The strategic push threatens to encircle Pokrovsk and compromise Ukrainian defenses. This penetration, though limited, could escalate the war and shift negotiations. Western experts warn of summer offensives as Russia aims to isolate key cities and tighten its grip on southeastern Ukraine. Meanwhile, the Ukrainian military holds firm, but the situation on the Dnipro front grows increasingly tense.
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Bank of England governor Andrew Bailey has said he is "optimistic" that inflation pressures would ease sufficiently for the central bank to cut rates further.
Report by Ajagbef. Like us on Facebook at..
The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.
Credit: euronews (in English) Duration: 01:07Published
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