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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 February 20, 2025

    Featured image for article about Headlines

    MOSCOW (Reuters) - Russian forces have taken back more than 800 square km (309 square miles) of territory from Ukraine in the Kursk region of western Russia, or about 64% of the total taken by Ukraine since an incursion began last year, a top Russian general said.

    Colonel General Sergei Rudskoi, head of the General Staff's main operational directorate, told the Krasnaya Zvezda newspaper that Russia was advancing in all directions and Ukraine had been pushed into a defensive stance since February 2024 amid a major Russian offensive that took back considerable territory.

    Rudskoi said Russia now controlled 75% of Ukraine's Donetsk, Zaporizhzhia and Kherson regions and more than 99% of the Luhansk region. He said the four regions are now legally part of Russia and will never be returned to Ukraine.

    "Last year was a turning point in achieving our goals. The Kyiv regime will no longer be able to significantly change the situation on the battlefield," Rudskoi said. "The enemy has largely lost the ability to produce the necessary weapons, equipment and ammunition. Mobilisation is usually forced."

    Rudskoi said the future of the conflict no longer depended on Ukraine but on whether or not the West would agree to craft a new European security architecture which took into account Russia's interests.

    U.S. President Donald Trump has upended U.S. policy on the Ukraine war, denouncing Ukrainian President Volodymyr Zelenskiy as a "dictator" on Wednesday and warning he had to move quickly to secure peace or risk losing his country, deepening a feud between the two leaders that has alarmed European officials.

    Russia invaded Ukraine in 2022 as part of what President Vladimir Putin calls a "special military operation", triggering the deadliest war in Europe since World War Two and pitting Russian forces against Ukraine's Western-backed army.

    Russia also controls Crimea which it annexed in 2014.

    Russia currently controls just under a fifth of Ukraine.

    (Reporting by Guy Faulconbridge; editing by Christian Schmollinger and Michael Perry)

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