logo
Russian forces advance and take first village in Ukraine's Dnipropetrovsk region, state media say

Russian forces advance and take first village in Ukraine's Dnipropetrovsk region, state media say

Yahoo9 hours ago

MOSCOW (Reuters) -Russian forces have taken control of the first village in the east-central Ukrainian region of Dnipropetrovsk, Russian state media and war bloggers said on Monday, after Russia took 950 square kms of territory in two months.
There was no immediate confirmation from Ukrainian sources or from the Russian Defence Ministry.
As Moscow and Kyiv talk of possible peace, the war has intensified with Russian forces carving out a 200 square kilometre (77.22 square miles) chunk of Ukraine's Sumy region and entering the Dnipropetrovsk region last month.
The authoritative Ukrainian Deep State map shows that Russia now controls 113,588 square kms of Ukrainian territory, up 943 square km over the two months to June 28.
Russia's state RIA news agency quoted a pro-Russian official, Vladimir Rogov, as saying that Russian forces had taken control of the village of Dachnoye just inside the Dnipropetrovsk region.
Russia has said it is willing to make peace but that Ukraine must withdraw from the entirety of four regions which Russia mostly controls and which President Vladimir Putin says are now legally part of Russia.
Ukraine and its European backers say those terms are tantamount to capitulation and that Russia is not interested in peace and that they will never accept Russian control of a fifth of Ukraine.
The areas under Russian control include Crimea, more than 99% of the Luhansk region, over 70% of the Donetsk, Zaporizhzhia and Kherson regions, all in the east or southeast, and fragments of the Kharkiv, Sumy and Dnipropetrovsk regions.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EU Seals New Trade Deal With Ukraine as Tariff-Free Regime Ends
EU Seals New Trade Deal With Ukraine as Tariff-Free Regime Ends

Bloomberg

time3 hours ago

  • Bloomberg

EU Seals New Trade Deal With Ukraine as Tariff-Free Regime Ends

The European Union reached a new trade arrangement with Ukraine to replace the special tariff-free regime that was put in place in the wake of Russia's full-scale invasion. The agreement attempts to strike a balance between supporting Kyiv's trade with the EU while it also 'fully takes into account the sensitivity of certain agricultural sectors, raised by EU member states and farmers,' the European Commission said in a statement on Monday.

Citi Plans for Ukraine Renewal as Top Government Banker Retires
Citi Plans for Ukraine Renewal as Top Government Banker Retires

Bloomberg

time4 hours ago

  • Bloomberg

Citi Plans for Ukraine Renewal as Top Government Banker Retires

Citigroup Inc. 's top banker to governments is retiring, but has at least one more appointment to keep. In September, Julie Monaco will travel to Europe for her bank's Ukraine unit's board meeting. It's one sign of Ukraine's importance to Citigroup, which is the only US bank still operating in the country and counts the government among its roughly 500 clients there. Now, it's readying for the nation's reconstruction once Russia's war on Ukraine is ultimately over.

Why Defense Stocks Are Likely To Keep On Rolling
Why Defense Stocks Are Likely To Keep On Rolling

Forbes

time5 hours ago

  • Forbes

Why Defense Stocks Are Likely To Keep On Rolling

Nuclear submarine produced by BAE Systems in Britain. Although European defense stocks have already ... More advance strongly, increased spending on defense may propel them further. Photo by Paul Ellis/AFP via Getty Images) he defense stocks I recommended in this column in June 2023 returned 118% in two years. That's a fat return, but I don't think it's time to take profits yet. 'Vladimir Putin invades Ukraine and saber-rattles about nuclear weapons,' I wrote on June 26, 2023. 'Xi Jinping says he wants his military to be ready to invade Taiwan by 2027. Then there's Iran and North Korea. Both implacably dislike the U.S. and are formidably armed.' Thanks to Israeli and U.S. bombardment of strategic sites, Iran is a little less formidably armed now. But I don't think it likes us any better. U.S. relations with Russia are as bad as they were in mid-2023, and our relationship with China is probably worse. All in all, I believe that defense stocks are still timely. Europe is rapidly increasing its defense spending, both in response to threats from Vladimir Putin's Russia and in response to redoubled pressure from U.S. President Donald Trump. Trump has flatly stated that he is unwilling to see the U.S. defense European allies who spend skimpily on the military. No wonder, then, that European defense companies were the best gainers among the six stocks I recommended. Leonardo SpA (FINMY), the largest defense company in Italy, returned 420% in the two years from June 26, 2023 to June 26, 2025. BAE Systems Plc (BAESY), a British defense giant, returned 133% including dividends. The next best gainer, with a 95% return, was Ducommun Inc. (DCO), a small U.S. defense and aerospace company. Other gains were more moderate: 43% in General Dynamics Corp. (GD), 14% in Northrop Grumman Corp. (NOC) and 7% in Lockheed Martin Corp. (LMT). For comparison, the Standard & Poor's 500 Total Return Index returned 46% in the two-year period. Bear in mind that my column results are hypothetical and shouldn't be confused with results I obtain for clients. Also, past performance doesn't predict the future. One defense stock that I like is Dassault Aviation SA, a French manufacturer of military jets. It increased its earnings almost 15% a year over the past decade, and 39% last year. At 28 times recent earnings (18 times estimated 2026 earnings), this stock is far from cheap. However, the pressures for European countries to increase defense spending are immense. Another thing I like about Dassault is that it has very little debt, with borrowings equal to only about 4% of the company's net worth. Babcock International Group Plc (BCKIY), headquartered in London, isn't totally a defense company: It services nuclear plants. However, more than half its business is military -- taking care of nuclear reactors on submarines. Unlike Dassault, Babcock has a high ratio of debt to equity, 190%. The earnings history is spotty, with losses in three of the past 15 fiscal years. Earnings spurted in the latest year (ended in March 2025). Ahead, analysts see continued progress but at a slower pace than in 2024-2025. Prime Minister Keir Starmer has set a goal for Britain to spend 5% of its gross domestic product (GDP) on national defense. That would be a huge increase from recent levels around 2.3%. BAE Systems is the largest defense company in Britain, and also has revenue streams from the U.S., Canada, Australia and Saudi Arabia. It makes electronic warfare equipment, tanks, ships and fighter jets. The stock has climbed 53% in the past year and 153% in the past three years. China has a huge advantage over the U.S. in shipbuilding capacity. It would take years to fully equalize, but Congress may want to take steps in that direction. If so, one beneficiary would be Huntington Ingalls Industries Inc., (HII), which builds destroyers and amphibious landing ships. Huntington Ingalls had revenue of $11.5 billion last year, but its market value is only a bit above $9 billion. That ratio to me suggests a bargain. Also, the stock sells for 17 times earnings, while many defense stocks fetch 40 times earnings or more. I've owned Lockheed Martin Corp. (LMT) stock in the past, and been mildly disappointed. The stock price has advanced only 5% a year in the past five years (but 8% with dividends). Nonetheless, Lockheed shares deserve consideration for two reasons. Lockheed conducts a lot of top-secret research at its famous 'Skunkworks.' And its profitability is unusually high, with an 83% return on equity in the past 12 months. On the downside, it carries a heavy dollop of debt. Lockheed shares sell for just under 20 times earnings. Disclosure: I own Dassault, Babcock, General Dynamics and BAE Systems personally and for most of my clients.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store