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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 June 27, 2025

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    MOSCOW (Reuters) -Russia's drone production jumped by 16.9% in May compared to the previous month, data from a think tank close to the government showed on Friday, after President Vladimir Putin called for output to be stepped up.

    Putin in April said that more than 1.5 million drones of various types had been produced last year, including about 4,000 first-person view (FPV) drones - lightweight models designed for precision targeting - but said that troops fighting on the front line in Ukraine needed more.

    Both sides have deployed drones on a huge scale, using them to spot and hit targets not only on the battlefield but way beyond the front lines.

    Drone production growth of 16.9% in May was significantly higher than previous months, according to the Centre for Macroeconomic Analysis and Short-Term Forecasting, an economic think tank close to the government.

    The average monthly increase in the previous five months was 3.7%, the report said, and the level in May was 1.6 times higher than average monthly output in 2024.

    Moscow has been developing a new laser-based system to defend against drones, especially important as Ukrainian drones frequently strike sites deep inside Russia such as oil depots, refineries and airfields.

    (Reporting by Reuters; Writing by Alexander MarrowEditing by Andrew Osborn)

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