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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 28, 2025

    Featured image for article about Headlines

    KYIV (Reuters) -Ukraine's military said on Wednesday it struck several Russian weapon production sites during a major overnight drone attack that Moscow said its air defences had repelled.

    Both sides have conducted aerial attacks on targets far behind the front lines where fighting rages more than three years since Russia's full-scale invasion of Ukraine.

    The latest attack struck Russia's Kronstadt plant, which produces drones in the town of Dubna outside Moscow, and the nearby Raduga plant that makes cruise missiles, Ukraine's general staff said.

    The Angstrem microchip factory in Moscow region was also struck, it said, adding that the facility produced components widely used by Russia's military-industrial complex.

    The factory is in the Elma Technological Park in Zelenograd. Videos circulating online showed fire and smoke at the technological park. Reuters was able to independently confirm the location of the video, but not the date of the footage.

    Russia's defence ministry said its air defences had downed 296 Ukrainian drones over 13 regions overnight.

    The Ukrainian military's statement did not make clear what weapons its forces used to conduct the long-range attack. But an official from Ukraine's SBU security agency said in a written statement that the Ukrainian side had used drones. Kyiv lacks an arsenal of long-range missiles.

    Ukraine's general staff also said it conducted a "successful" attack on a factory in Ivanovo region the day before. The factory makes organic chemicals, components of explosives and powders, as well as additives for rocket and aviation fuel, it said.

    Reuters could not independently confirm the claims by either side.

    (Reporting by Yuliia Dysa, Anna Pruchnicka; Editing by Alison Williams and Aidan Lewis)

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