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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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    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 21, 2025

    Featured image for article about Headlines

    KYIV (Reuters) -A Ukrainian drone attack hit a semiconductor devices plant in Russia's western Oryol region that supplies Russian fighter jet and missile producers, Ukraine's military said on Wednesday.

    Ten drones had reached the target area and a fire had broken out, the military said on the Telegram messaging app.

    It said the Bolkhovsky Semiconductor Devices Plant supplies various Russian enterprises, including some involved in the production of Iskander and Kinzhal missiles.

    "This is one of the leading enterprises in the Russian Federation in the field of development and production of semiconductor devices and components," the statement said.

    There was no immediate comment on the strike from Moscow, which began its full-scale invasion of Ukraine in February 2022.

    Ukraine has increasingly hit back against regular Russian missile and drone attacks with a fleet of domestically produced drones.

    (Reporting and writing by Anastasiia Malenko and Max Hunder, Editing by Timothy Heritage)

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