MNI BRIEF: German Insolvencies Hit Record High In July - IWH

MNI BRIEF: Japan July Sentiment Index, Outlook Index Rise

MNI BRIEF: China Iron Ore Imports Expected To Fall In August

MNI China Press Digest Aug 8: Exports, Yuan, Property

MNI: PBOC Net Drains CNY3.27 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1460; +0.41% Y/Y

EZ/UK Bond Supply Calendar: UK APF Due Next Monday

July Summary Of Opinions Point To Further Gradual Policy Normalization

KPMG-REC Report on Jobs: Only Modest Easing In Permanent Wage Growth

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fighting In Russia's Kursk Continues Amid Major Ukrainian Incursion

UKRAINE
Metals bulletEM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletEmerging Market NewsPolitical Market News

Despite the claims of Gen. Valery Gerasimov, chief of staff of the Russian Armed Forces, that the Russian army had halted Ukraine's surprise advance into the Kursk oblast of the Russian Federation, reports today suggest that fighting in the border region around the town of Sudzha remains intense.

  • Russian state-run Tass claims that Russian forces are actively fighting in the Sudzha district, and are pushing back Ukrainian forces according to a local official. The Russian Defence Ministry is claiming that its forces are 'thwarting Ukrainian attempts to break through deeper into the Kursk region'.
  • The attack has garnered significant global focus because of its audacious nature and location. Reports now suggest around 1,000 Ukrainian troops were involved as well as tanks, armoured vehicles and drones. It marks the largest Ukrainian incursion into Russia of the war, and is different to previous small-scale incursions.
  • The attack also comes near the Sudzha gas transit terminal, crucial for ensuring the supply of Russian natural gas to several European nations. This has had a notable impact on gas markets (see 'NATGAS:TTF Surges Since Late July on Geopolitical Drivers' 0909BST)
  • France24 reports: "multiple pro-Russian military bloggers said the battles continued into Thursday and that civilians were being evacuated. "Sudzha is basically lost to us. And this is an important logistics hub," said Yuri Podolyaka, a popular Ukrainian-born pro-Russian military blogger, adding that Ukrainian forces were pushing north towards Lgov."In general, the situation is difficult and continues to deteriorate, despite the fact that the pace of the Ukrainian offensive has noticeably dropped."
253 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Despite the claims of Gen. Valery Gerasimov, chief of staff of the Russian Armed Forces, that the Russian army had halted Ukraine's surprise advance into the Kursk oblast of the Russian Federation, reports today suggest that fighting in the border region around the town of Sudzha remains intense.

  • Russian state-run Tass claims that Russian forces are actively fighting in the Sudzha district, and are pushing back Ukrainian forces according to a local official. The Russian Defence Ministry is claiming that its forces are 'thwarting Ukrainian attempts to break through deeper into the Kursk region'.
  • The attack has garnered significant global focus because of its audacious nature and location. Reports now suggest around 1,000 Ukrainian troops were involved as well as tanks, armoured vehicles and drones. It marks the largest Ukrainian incursion into Russia of the war, and is different to previous small-scale incursions.
  • The attack also comes near the Sudzha gas transit terminal, crucial for ensuring the supply of Russian natural gas to several European nations. This has had a notable impact on gas markets (see 'NATGAS:TTF Surges Since Late July on Geopolitical Drivers' 0909BST)
  • France24 reports: "multiple pro-Russian military bloggers said the battles continued into Thursday and that civilians were being evacuated. "Sudzha is basically lost to us. And this is an important logistics hub," said Yuri Podolyaka, a popular Ukrainian-born pro-Russian military blogger, adding that Ukrainian forces were pushing north towards Lgov."In general, the situation is difficult and continues to deteriorate, despite the fact that the pace of the Ukrainian offensive has noticeably dropped."