Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    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.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    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.

    Home > Headlines > Ukraine, Russia attack each other's territory after latest round of peace talks
    Headlines

    Ukraine, Russia attack each other's territory after latest round of peace talks

    Published by Global Banking and Finance Review

    Posted on July 24, 2025

    3 min read

    Last updated: January 22, 2026

    The image depicts the logo of Norway's Sovereign Fund, which plans to divest from Israeli companies due to the ongoing humanitarian crisis in Gaza. This decision reflects ethical investment practices and highlights the fund's significant influence in global finance.
    Norway's sovereign fund logo reflecting divestment from Israeli stocks amid Gaza conflict - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:financial crisiseconomic growthinternational organizationsforeign currencyfinancial markets

    Quick Summary

    Ukraine and Russia exchange attacks after peace talks fail, with drone strikes and bombings causing casualties and damage in key regions.

    Ukraine and Russia Launch Attacks Following Unproductive Peace Talks

    (Reuters) -Ukraine and Russia attacked targets on each other's territory on Thursday after brief direct talks between the two sides failed to make any progress on steps to end nearly three-and-a-half years of war.

    Russian forces staged the latest in a series of mass drone attacks on Ukraine's Black Sea port of Odesa, killing one person, injuring at least four and causing several fires as well as damage in the historic centre, a UNESCO world heritage site.

    The famous Pryvoz market in Odesa was among the places hit, Regional Governor Oleh Kiper said. "It is not just a place of trade, it is the living heart of Odesa," he added.

    Kiper said the body of a man had been recovered from under rubble at a multi-storey apartment building.

    In Kharkiv, Ukraine's second largest city in the northeast, two people were killed and at least 33 were wounded when Russian glide bombs struck a residential neighbourhood, officials said.

    Another person was killed in a drone attack in Sumy region on the northern border, where Russian troops have established a foothold in recent months.

    In Odesa, some residents were cleaning up shattered glass in the streets nearby.

    "So what if the (drones) are flying? We will shoot them down; they will not break us," Yevhen, a 20-year-old student among those helping with the cleanup, told Reuters.

    Emergency officials in Russia's Krasnodar region on the Black Sea said debris from a falling drone struck and killed a woman in the Adler district near the resort city of Sochi. A second woman was being treated in hospital for serious injuries, they said on the Telegram messaging app.

    The administrative head of the Sirius federal district south of Sochi said a drone hit an oil base, giving no further details. Russia's aviation authority said operations were suspended at Sochi airport for about four hours.

    Russia also attacked the central region of Cherkasy overnight, injuring seven people, including a nine-year-old, and damaging more than a dozen residential apartment buildings.

    FURTHER PRISONER SWAPS

    Negotiators had earlier discussed further prisoner swaps at a brief session of peace talks in the Turkish city of Istanbul, but they remained far apart on ceasefire terms and a possible meeting of their leaders.

    "Yesterday, at a meeting in Istanbul, the Russian side was again presented with a proposal to immediately and completely cease fire. In response, Russian drones are striking residential buildings," Ukrainian President Volodymyr Zelenskiy wrote on Telegram.

    He said Russia had launched 103 drones and four missiles during its overnight attack, which deputy prime minister Oleskiy Kuleba said struck civilian infrastructure, including seaports, transport hubs, and residential areas.

    Russian forces have in recent weeks intensified drone attacks on towns and cities far from the 1,000 km (620-mile) frontline across eastern and southern Ukraine.

    Ukraine's military has been targeting energy and military sites in Russia in response to concerted Russian attacks which have destroyed towns and cities and devastated its energy infrastructure.

    (Reporting by Reuters; Editing by Philippa Fletcher, Ron Popeski and Shri Navaratnam)

    Key Takeaways

    • •Ukraine and Russia engaged in attacks following failed peace talks.
    • •Odesa and Kharkiv were heavily targeted by Russian forces.
    • •Drone strikes and bombings caused casualties and damage.
    • •Peace talks in Istanbul discussed prisoner swaps.
    • •Conflict continues with no ceasefire agreement reached.

    Frequently Asked Questions about Ukraine, Russia attack each other's territory after latest round of peace talks

    1What recent attacks occurred between Ukraine and Russia?

    Ukraine and Russia attacked targets on each other's territory after peace talks failed. Russian forces conducted mass drone attacks on Odesa and other cities.

    2What was the outcome of the peace talks in Istanbul?

    The peace talks in Istanbul did not yield any progress on ceasefire terms, with negotiators remaining far apart on key issues.

    3What areas in Ukraine were targeted during the attacks?

    Key areas targeted included Odesa, Kharkiv, and the Cherkasy region, with significant damage to civilian infrastructure and casualties reported.

    4How did residents respond to the drone attacks in Odesa?

    Residents in Odesa were seen cleaning up shattered glass and debris, with one student expressing determination to not be broken by the attacks.

    5What was discussed during the peace talks regarding prisoners?

    The negotiators discussed further prisoner swaps, but the talks remained unproductive regarding a ceasefire agreement.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Telegram's Durov says proposed Spanish social media restrictions seek to censor critics
    Telegram's Durov says proposed Spanish social media restrictions seek to censor critics
    Image for French president's top diplomat held talks in Moscow on Tuesday, sources say
    French president's top diplomat held talks in Moscow on Tuesday, sources say
    Image for Italy probes 80-year-old over alleged Sarajevo 'sniper tourism'
    Italy probes 80-year-old over alleged Sarajevo 'sniper tourism'
    Image for Dental sector may steady in 2026, but full recovery remains distant, analysts say
    Dental sector may steady in 2026, but full recovery remains distant, analysts say
    Image for Russia says it's open to diplomacy but will counter any new threats after expiry of nuclear treaty
    Russia says it's open to diplomacy but will counter any new threats after expiry of nuclear treaty
    Image for Exclusive-EU rethinks climate diplomacy after bruising COP30 summit, document shows
    Exclusive-EU rethinks climate diplomacy after bruising COP30 summit, document shows
    Image for UK police ask government to withhold some Mandelson documents
    UK police ask government to withhold some Mandelson documents
    Image for Automakers back Trump plan to roll back fuel economy rules, but seek changes
    Automakers back Trump plan to roll back fuel economy rules, but seek changes
    Image for Hungarian court jails left-wing German activist for 8 years for assault
    Hungarian court jails left-wing German activist for 8 years for assault
    Image for Serbia seeks EU gas deals as it reduces Russian supplies, says President Vucic
    Serbia seeks EU gas deals as it reduces Russian supplies, says President Vucic
    Image for Germany's Merz heads to Saudi, Gulf in quest for new partners
    Germany's Merz heads to Saudi, Gulf in quest for new partners
    Image for Stellantis faces Peugeot model delays due to battery plant issues, Bloomberg News reports
    Stellantis faces Peugeot model delays due to battery plant issues, Bloomberg News reports
    View All Headlines Posts
    Previous Headlines PostSubdued dollar firms after ECB leaves rates alone; tariffs and Fed in focus
    Next Headlines PostSoccer-Bonmati says her brilliant winner went exactly as planned