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Ukraine war live broadcast: +++ 03:42 Russia: the effects of the ruble appreciation on prices diminish +++

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Ukraine war live broadcast: +++ 03:42 Russia: the effects of the ruble appreciation on prices diminish +++

Ukraine war in live broadcast
+++ 03:42 Russia: the effects of the ruble appreciation on prices diminish +++

According to the Central Bank of Russia, the impact of the appreciation of the ruble on consumer prices will decrease. The bank wrote in a report that good harvests in Russia and limited opportunities to expand exports kept inflation in check. Markets are watching the central bank’s comments closely after it signaled the end of the rate-cutting cycle in September. The next interest rate meeting of the Central Bank of Russia is scheduled for October 28. The Russian Central Bank cut its key interest rate by 0.5 percentage point to 7.5 percent in mid-September. This is the fifth downward move in monetary policy this year.

+++ 03:00 Opposition politicians: Russia wants to deploy 120,000 soldiers in Belarus +++
Belarusian opposition politician Pavel Latushka, who lives in exile in Warsaw, is convinced that Russian President Vladimir Putin and Belarus Governor Alexander Lukashenko are planning to invade Ukraine from Belarus next spring. „Our sources say that the Russians want to deploy 120,000 soldiers in Belarus by then,” Latushka told the German Liberation Network. The current number of Russian soldiers in his country was estimated at about 5,000 soldiers, distributed over four Russian military bases.

+++ 02:20 Moscow considers not extending the grain deal +++
The Russian leadership is considering not renewing the Ukrainian grain export agreement. „I don’t know, because the second part of the agreement was not complied with,” Interfax news agency quoted Yury Ushakov, an adviser to the President of the Kremlin, Vladimir Putin, in response to a question by reporters on whether the grain deal would continue. in its current form. In the decade, Russia committed itself to ending the blockade of Ukrainian seaports for grain exports, but in return it wants easier exports of fertilizers and foodstuffs. Now Ushakov complains that about 300,000 tons of Russian fertilizers are stored in European ports that no one can pick up.

+++ 01:37 Selenskyj: Russia sends reservists as „cannon fodder” to the front +++
Ukrainian President Volodymyr Zelensky accused Russia of sending reservists to Ukraine as „cannon fodder” as part of the partial mobilization. In his evening video address, Zelensky says that the Russian army is currently sending „thousands of conscripts to the front.” The Ukrainian leader added: „The use of these people as cannon fodder by the Russian generals allows them to increase the pressure on our defenders.” Zelensky said the increase in troops was creating „concrete pressure” on the Ukrainian army.

+++ 00:53 Report: The Federal Police has stopped searching for traces of the Nord Stream pipeline +++
According to a media report, the Federal Police has completed its mission to investigate the sabotage attack on the Nord Stream pipeline in the Baltic Sea. SPIEGEL reports that the multi-purpose boat Mittelground is already on its way to its home port. After an underwater inspection near the pipeline leak, the „Dillingen” miner was to mark the course for Germany. The Federal Police is conducting an investigation and last week asked the German army for administrative assistance for military boats. An underwater SeaCat drone equipped with cameras and other sensors has been launched near the leaks northeast of Bornholm Island. The drone was able to take several pictures of the damaged pipeline. This will now be evaluated.

+++ 00:11 Ukrainian authorities: Kharkiv under fire +++
According to regional authorities, the eastern Ukrainian city of Kharkiv was bombed by Russian missiles in the evening. Mayor Ihor Terekhov reported at least two effects. There were blackouts in some parts of the city. There is no immediate information about the dead or injured. The region’s governor, Oleh Senehubov, said that rockets also landed in the Kharkiv region. There is also a power outage there. Ukrainian media blamed the attack on the town on the border with Russia in response to missile pieces that hit an apartment building in the Russian city of Belgorod earlier on Thursday.

+++ 23:24 IAEA chief sees „progress” in talks on Zaporizhia nuclear power plant +++
The head of the International Atomic Energy Agency, Rafael Grossi, spoke positively about the Zaporizhia nuclear power plant after talks with the presidents of Russia and Ukraine. „Work is ongoing, and I think we’re making good progress,” Grossi said in Kyiv that evening about his plans to create a security zone around the disputed Ukrainian nuclear power plant. However, there are no concrete indications of Moscow and Kiev’s approval.

+++ 22:50 Investigations after the destruction of the world’s largest Antonov An-225 aircraft +++
The destruction of the largest aircraft in the world, the Ukrainian An-225 Mriya, at the beginning of the Russian invasion had criminal consequences for the previous management of the Antonov concern. The only viable example of this huge carrier was burned down on February 27 when Russian paratroopers attacked Hostomil Airport near Kyiv. The Prosecutor General of Ukraine and the intelligence of the SBU are now investigating why the plane was not brought to safety in time despite the warnings. This was reported by the Ukrainian media in Kyiv. Legally, this is a violation of official duties or even cooperation with a foreign military power.

+++ 22:01 The grief of the first dead conscripts in Moscow +++
The first bodies of untrained conscripts return to Russia from Ukraine – including in major cities such as Moscow. „Even Z advocates are upset,” Wall Street Journal reporter Yaroslav Trofimov wrote on Twitter. It refers to a 28-year-old former Moscow city government department chief who was drafted on September 23 and murdered on October 10.

+++ 21:30 well ahead of schedule: German gas storage tanks are over 95 percent full +++
On average, gas storage facilities in Germany are 95 percent full ahead of the November 1 target date. Storage tanks have reached a filling level of 95.14 percent, according to data from European gas storage platform AGSI in the evening. In Germany, a law was passed in the spring with clear specifications for storage levels in order to secure supply. Read more about this here.

+++ 21:01 Explosion of a Russian ammunition depot in Belgorod +++
Russian sources reported that an ammunition depot exploded during Ukrainian air strikes on a village in the Russian Belgorod region on the border with Ukraine. Local governor Vyacheslav Gladkov said Thursday in the Telegram online service that, according to preliminary results, there were no casualties or injuries. Earlier on Thursday, the Russian authorities accused Ukraine of bombing an apartment building in the city of Belgorod. Gladko wrote in Telegram that there were no casualties. The damage to the building is not serious. Kyiv denied the bombing and said the Russians hit the building themselves when they wanted to bomb Kharkiv.

Read previous developments related to the Ukraine war over here.

READ  Ukraine war live broadcast: +++ 02:30 Report: The United States requests a signal from Ukraine that it is ready to negotiate with Russia +++
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Experts suspect the Kremlin is behind the new law

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Experts suspect the Kremlin is behind the new law
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People in Georgia have been protesting against a government law for weeks. One expert suspects Russian influence behind the project.

Tbilisi – In recent days, Georgia has witnessed huge demonstrations against the law planned by the government. The law stipulates that NGOs that receive more than 20 percent of their funds from abroad must identify the source of the funds and register with the authorities. According to one expert, the Kremlin may be behind the proposed law in Georgia.

Protests in Georgia: Experts suspect the Kremlin is behind the law

Thousands of people protested against the law in Georgia on Friday (May 3) with slogans such as “No to the Russian government” or “We will not tire.” The bill was approved on second reading on Wednesday (May 1). But for weeks, people have taken to the streets and confronted police, who have responded to the demonstrations with tear gas, water cannons and rubber bullets.

Oligarch Bidzina Ivanishvili (left) is believed to be the driving force behind the controversial law in Georgia. © Photomontage Shakh Ayvazov / Zurab Tsertsvadze / German Press Agency

Critics accuse Georgia’s Russia-allied government of modeling the law on Russia’s „proxy law.” “In terms of internal politics, there is actually no explanation for this,” Stefan Mallerius, representative of the Konrad Adenauer Foundation in Tbilisi, says in ZDF magazine today. The Georgian government withdrew the “Russian law,” as some called it, in March 2023 after massive protests. For Mallerius, the fact that it will now come into force comes “suddenly.”

Georgia: Law through „foreign interference”

The head of the regional program in the South Caucasus suspects „interference from abroad, specifically from Russia.” “There has to be a connection from the Kremlin or the Kremlin region,” he says. Malerios suspects that Georgian oligarch Bidzina Ivanishvili, who is considered the country’s unofficial decision-maker, is behind the law. Malerius continues to speculate, saying, “He was told or made clear that he had to introduce this law now.” Ivanishvili was the initiator of the inter-party alliance and today’s ruling party, the Georgian Dream.

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The law still needs Parliament’s approval on a third reading. This is scheduled to be done within two weeks. Pro-European President Salome Zurabishvili is expected to veto the measure. But pro-government representatives in parliament have a sufficient majority to override the president’s veto. The ruling party aims for the law to enter into force in mid-May. Georgia has been an official candidate for European Union membership since last December. Green Party politician Anton Hofreiter sees Georgia’s accession as being at risk from the law. (FCA/AFP)

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Russia is feverishly assembling a new Black Sea fleet

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Russia is feverishly assembling a new Black Sea fleet
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The Russian Black Sea Fleet was partially destroyed or severely damaged in the Ukrainian war off Crimea. Now Russia is rearming and is frantically assembling two new ships for the navy.

MOSCOW – Since the beginning of the Ukrainian war, Ukrainian forces have been inferior to Russia in some respects: Ukraine has fewer soldiers at its disposal and fewer weapons and ammunition. However, the attacking country has repeatedly managed to inflict significant losses on Vladimir Putin’s forces. This is precisely what Russia would like to begin now – assembling its fleet again after several successful attacks by Ukraine on the Russian navy. But it will likely take some time before the warships are deployed.

Ukraine has repeatedly succeeded in attacking the Russian Black Sea Fleet off the Crimean Peninsula

A few weeks ago, Russia’s Black Sea Fleet largely withdrew from Crimea. The sea off the occupied peninsula has long been a popular target for Ukrainian attacks. For example, Ukraine was able to sink the naval flagship “Moskawa” shortly after the war began, followed by other destroyed ships in February and March 2024, such as the Russian patrol boat “Sergei Kotov.”

It is now said that Ukraine has managed to destroy or damage about a third of Putin’s entire fleet. Many of the attacks were carried out with Navy drones.

After heavy losses: Russia wants to expand its fleet in the Black Sea with two warships

Like the Ukrainian center Rapid defense Reports now indicate that Putin is already working to modernize the badly damaged Black Sea Fleet. Accordingly, Russia wants to put a Karakurt-class corvette and a Vasily Bykov-class heavy patrol boat into service soon.

The new additions will be manufactured for the Russian Navy at the Zelenodolsk shipyard in the Russian Republic of Tatarstan. Since 1895, the shipyard has mainly manufactured warships, which were usually later used by the Black Sea Fleet or the Baltic Fleet. The launch is scheduled to take place one day in May, although the Russian Defense Ministry has not yet announced a specific day.

New warships used in the Ukraine war? Russia still has to be patient

However, the launch only symbolizes the end of the manufacturing phase, and further on-water work and testing will follow Rapid defense. In the case of the Karakurt class, it could take up to three years for the ship to be launched after launch, for example Ukraine war can be used. The patrol boat should be much faster. The previous ship, „Sergei Kotov”, which was sunk by Ukrainian forces last March, was in service with the Russian Navy after about a year and a half. It is scheduled that a Ka-27 combat helicopter will be stationed on board the patrol ship, as happened previously on the destroyer “Sergei Kotov.”

Patrol ship
One of the losses of the Black Sea Fleet: the patrol ship “Sergei Kotov” (front). And now a similar ship will soon leave the Russian shipyard. © Vitaly Timkiv/Imago

It remains to be seen how useful Russia’s frantic attempt to rebuild the Black Sea Fleet will be in the Ukraine war. However, one thing is clear: the country ruled by Vladimir Putin will suffer more damage in the ongoing war. In addition to military objectives, there are also… The number of casualties among Russian soldiers is enormous. However, putting an end to the war does not appear to be on Putin’s agenda. A major offensive is currently being planned for the summer, and forces in eastern Ukraine are also trying to advance into Ukraine. (Prophet)

READ  Consequences of Russia's losses in the Ukraine war
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The Russian economy now stands on the verge of conditions similar to those experienced by the Soviet Union

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The Russian economy now stands on the verge of conditions similar to those experienced by the Soviet Union
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Despite expected GDP growth, Russia suffers from high inflation and revenue shortages. The future of war financing remains uncertain.

MOSCOW – Within a few years, the Russian economy has turned into a war economy. It is now completely dependent on arms production and trade China and its ongoing oil and gas business, which continues to find buyers despite Western sanctions. Despite the World Bank’s forecast that GDP may reach 3.2% this year, the economic situation in Russia is not rosy at all. With inflation so high, fears of expropriation and labor shortages due to forced conscription, the country faces greater challenges than ever before.

The Russian economy is losing relevance: inflation is still high

Newsweek Reports indicate that the Russian economy will contract starting in 2025 and then steadily until the end of the decade. According to the International Monetary Fund, GDP will not exceed 1.8 percent next year. The war economy is not a sustainable economy, and as long as President Vladimir Putin continues his bloody war in Ukraine, economic dependence on the conflict will continue to increase. Despite significant interest rate increases by the Russian Central Bank last year, the inflation rate remains at 8%. The central bank expects the average inflation rate to reach 4.8 percent for the year 2024.

It remains uncertain how Putin plans to finance his war after 2024. Russian economist Igor Lepsiz said in an interview with a newspaper in early April. Frankfurter Allgemeine Zeitung (FAZ): “It seems to me and other economists that Russia will still be able to finance the war this year, but then it is not clear where the money will come from.”

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Russian President Putin cannot lose the war in Ukraine. © Pavel Bednyakov/DPA

The state’s sources of income are getting smaller and smaller, which is only now becoming clear. Gazprom is an example of this, as it recorded losses for the first time in its history in 2023. Instead, the state is incurring more and more debt, the repayment of which will constitute a heavy burden on the budget in the near future. According to experts, the main problem is the current shortage of skilled workers, which is exacerbated by mobilization in Russia. “The state is expanding the arms sector, which then takes over the healthy cells of the civilian economy like a cancer,” says Igor Lepsiz.

Putin will do everything in his power to win the war against Ukraine

Lipsez expects Putin and his power structure to do everything in their power to continue raising money for the Ukraine war – even if it means collapsing the financial system or cutting the population’s pensions. According to Lepsis, pensions have not already been adjusted as they should be due to the high inflation rate.

Vasiliy Astrov of the Vienna Institute for International Economic Studies (WIIW) shares this assessment. He believes that Putin will always find a way to continue the war. „Putin will not run out of money for war,” the Russian expert said last week. Astrov added: “For the Russian economy, the question is what will come after the war, because it is currently completely dependent on it.”

Due to the shortage of skilled workers and the state-controlled war economy, real wages in Russia rose by about eight percent last year, while private consumption increased by 6.5 percent, according to a report by the institute specializing in Eastern Europe.

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Russia’s economy: Putin accepts sacrifices

However, Igor Lepsiz does not believe that anything will change in Putin’s power if economic problems become more evident among the population. “Any deterioration in the economic situation will not lead to mass protests. Even if food can no longer be bought except with stamps, as happened in the Soviet Union, which I believe will soon become possible, people will put up with it. Then people starve, pensioners take only cheap medicine and simply die. He told the radio that the political situation will not change had won.

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