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 & Finance Review

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 © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    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 > Finance > Russia says it makes big new gains in bid to drive Ukraine out of Kursk
    Finance

    Russia says it makes big new gains in bid to drive Ukraine out of Kursk

    Russia says it makes big new gains in bid to drive Ukraine out of Kursk

    Published by Global Banking and Finance Review

    Posted on March 11, 2025

    Featured image for article about Finance

    By Guy Faulconbridge and Mark Trevelyan

    MOSCOW (Reuters) -Russia said on Tuesday that its troops had made major new gains in its western region of Kursk, accelerating their push to drive out Ukrainian forces who have been clinging on to a slice of Russian territory since last August.

    The defence ministry said Russia had recaptured a dozen settlements and more than 100 square km (38.6 square miles) of territory in its latest thrust, which follows a sharp worsening of Ukraine's position in the past few days.

    Yuri Podolyaka, a pro-Moscow military blogger whose Telegram channel has more than 3 million followers, reported that Russian forces had taken control of the outskirts of the town of Sudzha, near the border with Ukraine, and Ukrainian troops were pulling back into their own territory.

    Losing its hard-won foothold in Kursk would deal a major blow to Ukraine at a critical moment, as U.S. President Donald Trump piles heavy pressure on Kyiv to agree to end the war quickly.

    Ukraine's shock seizure of a chunk of Russian land last August - the first invasion of Russian soil since Nazi Germany attacked in 1941 - provided its forces with a huge morale boost at the time and dealt an embarrassing blow to President Vladimir Putin and his commanders. Kyiv had hoped to use Kursk as a bargaining chip to get back some of its own captured territory.

    Reuters could not independently confirm the latest battlefield accounts because of reporting restrictions at the frontlines.

    Ukraine's top general on Monday denied that Ukrainian troops fighting in Kursk were at risk of encirclement. General Oleksandr Syrskyi said that the situation was under control, but indicated that Ukrainian forces have been pulling back.

    "The units are taking timely measures to manoeuvre to advantageous positions for defence," he said.

    SURPRISE INCURSION

    Ukrainian troops seized at least 1,300 sq km (500 square miles) of the Kursk region in August, bursting across the border in one of the biggest surprises of the war. In late October, North Korean troops began arriving to join the fighting on Russia's side.

    By mid-February, Russia had taken back at least 800 sq km (300 sq miles) of territory in Kursk. In recent days it launched a major paratrooper offensive from multiple directions that threatens to cut off Ukraine's supply lines and potential routes of withdrawal.

    Russian advances in Kursk and inside Ukraine, combined with Trump's upending of U.S. policy on Ukraine and Russia, have raised fears among European leaders that Ukraine will lose the war and that Trump is turning his back on Europe.

    Ukraine on Tuesday launched its biggest drone attack yet on Moscow and the surrounding region, and top Ukrainian diplomats were meeting their U.S. counterparts in Saudi Arabia to discuss a path towards ending the war.

    Trump last week suspended military aid and intelligence-sharing with Ukraine, but its position in Kursk was already deteriorating as of late February.

    Russian special forces crept for miles through a gas pipeline near the town of Sudzha at the weekend in an attempt to surprise Ukrainian forces.

    (Reporting by Guy Faulconbridge in Moscow and Mark Trevelyan in London; Editing by Andrew Cawthorne)

    Related Posts
    Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership
    Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership
    Greeks protest against low wages ahead of 2026 budget vote
    Greeks protest against low wages ahead of 2026 budget vote
    AI boom seen lifting chipmaking equipment sales 9% to $126 billion in 2026
    AI boom seen lifting chipmaking equipment sales 9% to $126 billion in 2026
    New Czech government signals tough stance on migration, EU emissions rules
    New Czech government signals tough stance on migration, EU emissions rules
    Exclusive-Swiss firm Barry Callebaut eyes separating cocoa division amid price volatility, sources say
    Exclusive-Swiss firm Barry Callebaut eyes separating cocoa division amid price volatility, sources say
    Zaporizhzhia nuclear plant running on single power line, Russia says
    Zaporizhzhia nuclear plant running on single power line, Russia says
    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday
    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday
    Shell greenlights US Gulf waterflood project to boost oil recovery
    Shell greenlights US Gulf waterflood project to boost oil recovery
    Exclusive-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say
    Exclusive-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say
    UK to review foreign interference in politics after ex-Reform member's Russia bribery case
    UK to review foreign interference in politics after ex-Reform member's Russia bribery case
    Russia calls German broadcaster Deutsche Welle an 'undesirable organisation'
    Russia calls German broadcaster Deutsche Welle an 'undesirable organisation'
    Italy plans 2.4 billion euros investment in frigates, document shows
    Italy plans 2.4 billion euros investment in frigates, document shows

    Why waste money on news and opinions when you can access them for free?

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

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Swedish greenhouse gas emissions on rise again after government relaxes fuels policy, data shows

    Swedish greenhouse gas emissions on rise again after government relaxes fuels policy, data shows

    Eurovision host says it will not drown out any boos during Israel's performance

    Eurovision host says it will not drown out any boos during Israel's performance

    From pulpit to turntables: Portugal's 'DJ Priest' brings his message to Latin America

    From pulpit to turntables: Portugal's 'DJ Priest' brings his message to Latin America

    Leonardo denies liability for helicopter crash that killed Leicester City owner

    Leonardo denies liability for helicopter crash that killed Leicester City owner

    Explainer-French lawmakers race to agree 2026 budget before year-end

    Explainer-French lawmakers race to agree 2026 budget before year-end

    UK's FTSE 100 falls as oil, defence stocks weigh; domestic unemployment climbs

    UK's FTSE 100 falls as oil, defence stocks weigh; domestic unemployment climbs

    Sterling rises after UK economic data, US figures in focus

    Sterling rises after UK economic data, US figures in focus

    Sonnedix wins contracts for 805 MW of solar capacity in Italy

    Sonnedix wins contracts for 805 MW of solar capacity in Italy

    German financial watchdog finds non-compliance at local Standard Chartered unit

    German financial watchdog finds non-compliance at local Standard Chartered unit

    European economies end year resilient but sluggish

    European economies end year resilient but sluggish

    German investor morale rises more than expected in December, ZEW finds

    German investor morale rises more than expected in December, ZEW finds

    Exclusive-Shell seeks buyers for stake in Germany's Schwedt refinery, sources say

    Exclusive-Shell seeks buyers for stake in Germany's Schwedt refinery, sources say

    View All Finance Posts
    Previous Finance PostUK raises threat of law enforcement over Abramovich's $3.2 billion Chelsea sale
    Next Finance PostDeutsche Boerse's Clearstream to offer bitcoin and ether custody services