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Russia's Advance In Kharkiv Slowing, US Def Sec Austin
Wires carrying comments from US Defense Secretary Lloyd Austin, speaking at a meeting of the Ukraine Contact Group in Brussels, stating that Russia's advance in Kharkiv is "slowing" following the lifting of some restrictions on the use of western-supplied weapons.
- Austin: "Russia's advance in Kharkiv region is slowing, frontline is stabilizing after several allies lifted restrictions on use of donated weapons."
- Austin's comments support reporting suggesting that the lifting of restrictions has halted a major Russian offensive in the Kharkiv region, which threatened to redraw the frontline significantly for the first time since Ukraine's successful counteroffensive in 2022.
- Although the US, and other Western donors, have maintained some restrictions - like banning strikes on non-military infrastructure or targets beyond the immediate border region - the decision appears to have nullified Moscow's strategic advantage of using the border as a buffer zone to garrison troops and supply lines and launch attacks.
- Ihor Terekhov, mayor of Kharkiv, noted on June 11 that the situation has been "calmer" since lifting of restrictions: "There has been a break in the shelling, which I think is connected with the fact that the equipment that Kharkiv was being shelled with has been successfully hit."
- Maintaining a strong battlefield position is considered crucial to strengthening Kyiv's hand in eventual negotiations to find a political solution to the war. Ukraine will also be bolstered by a fresh funding stream from a G7 agreement on using immobilised Russian assets to underwrite a USD$50 billion loan, set to be announced today.
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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.