Latest news on Russia and the war in Ukraine

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Latest news on Russia and the war in Ukraine

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How– and when– Ukraine’s war with Russia might end

The war in between Russia and Ukraine went into a brand-new stage this summer season when Kyiv introduced its much-anticipated counteroffensive, and there were hopes Ukraine would restore the edge.

It’s end up being clear that the counteroffensive will not produce fast outcomes which success– nevertheless that may be determined in regards to retaking Russian- inhabited area– is not ensured.

Military specialists caution that this indicates the war is most likely to be lengthened, putting enormous pressure on Ukraine to combat for numerous more years to come, possibly, and on its global partners to dedicate billions of dollars more in military, humanitarian and funds.

Read the entire story here.

— Holly Ellyatt

Cost to restore Ukraine is around $1 trillion, Zelenskyy’s financial consultant states

The overall expense of fixing the damage done by Russia in Ukraine amounts to around $1 trillion up until now, President Zelenskyy’s financial consultant informed CNBC on “Squawk Box Europe.”

Oleg Ustenko stated the expenses would require to be compensated by Moscow.

Reflecting on conversations in Jeddah over the weekend, Ustenko stated absolutely nothing in Russia’s habits has actually altered that would recommend a tranquil conclusion to the war is on the horizon, including that Russia is getting more aggressive.

“Russians are getting more and more aggressive, and the more aggressive they are getting the more negative consequences we are getting for our economy,” he stated.

“They are quite interested [in continuing] the war,” he included.

— Hannah Ward-Glenton

Putin to go to Turkey in late August to talk about grain offer, bilateral ties and Syria

Russian President Vladimir Putin is set to go to Turkey in the recently of August, state media outlet Tass reported, according to a Google translation. The deserted grain offer, bilateral ties and Syria are on the program.

Turkish President Recep Tayyip Erdo ğa revealed the see in a joint interview with Putin on July 10.

— Hannah Ward-Glenton

U.S. and German air defense systems ‘really reliable,’ Ukraine states

Ukrainian President Volodymyr Zelenskyy applauded air defense systems provided to Ukraine as “very effective” in his nighttime address Sunday.

Zelenskyy called Patriot and IRIS-T drones in specific, which were contributed to Ukraine’s war efforts by the U.S. andGermany The president stated he was grateful to every nation that had actually provided the nation with the systems, as they had actually yielded “significant results,” according to the English subtitles of the address.

This picture reveals a brief variety air-to-air rocket Iris- T showed on the European international twin-engine, canard delta wing and multirole fighter “Eurofighter Typhoon” at the International Paris Air Show in the Paris-Le Bourget Airport.

Emmanuel Dunand|Afp|Getty Images

Russian military forces utilized 65 various rockets in 178 drone attacks versus Ukraine, according to Zelenskyy, of which Ukraine had the ability to shoot down a “significant number.”

CNBC is not able to individually confirm these figures.

— Hannah Ward-Glenton

Ukraine calls Saudi Arabia talks ‘efficient’; Russia states they’re ‘destined failure’

Ukrainian authorities stated diplomatic talks in Jeddah, Saudi Arabia, were “productive,” according to a Google translation of a Telegram post. Delegates from more than 30 nations remained in presence.

Andriy Yermak, who represented Ukraine at the bilateral talks, stated conversations focused on producing a peace formula for Ukraine, taking a look at elements such as defense, security assurances, financial investment and the grain arrangement.

Meanwhile Russia’s deputy foreign minister stated the West’s efforts to activate the global neighborhood to support a peace offer are “doomed to failure,” according to state-owned media firm Tass.

He stated the West was utilizing “its usual sly and deceitful manner” to gather assistance for a peace formula from the Global South.

Senior authorities from nations consisting of the United States, China, India and Germany collected over the weekend to attempt to settle on the crucial concepts required for a tranquil end to Russia’s war in Ukraine.

— Hannah Ward-Glenton

One individual eliminated in over night Kherson shelling

One lady was eliminated in an over night airstrike over Kherson in Ukraine, a senior Ukrainian authorities stated in a Google- equated post on Telegram.

Andriy Yermak stated a nine-story structure was struck in the attack.

CNBC was not able to individually confirm this info.

— Hannah Ward-Glenton

Ukraine blows up Russian oil tanker, NBC News reports

Ukrainian forces exploded a big Russian oil tanker transferring fuel for Russian soldiers, NBC News reported Saturday, mentioning Ukrainian security service sources.

Kremlin authorities verified a vessel had actually been struck by a Ukrainian drone in the Kerch Strait.

On Saturday, Ukraine’s Defense Ministry wrote on social networks website X, previously called Twitter, that “there are no more safe waters or peaceful harbors” for Russian forces in the Black or Azov seas.

— Hannah Ward-Glenton