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
    Eni and BlackRock's GIP take joint control of carbon capture unit
    Eni and BlackRock's GIP take joint control of carbon capture unit
    Bank of England's Bailey sees inflation near 2% target by May
    Bank of England's Bailey sees inflation near 2% target by May
    Italian judge drops Genoa dam case against Webuild CEO
    Italian judge drops Genoa dam case against Webuild CEO
    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine
    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine
    ECB keeps rates unchanged, turns more positive on economy
    ECB keeps rates unchanged, turns more positive on economy
    Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU
    Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU
    Salzgitter takes legal action against Thyssenkrupp over HKM joint venture
    Salzgitter takes legal action against Thyssenkrupp over HKM joint venture
    Lovable valued at $6.6 billion in latest funding round as AI coding demand surges
    Lovable valued at $6.6 billion in latest funding round as AI coding demand surges
    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system
    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system
    Britain imposes more sanctions on Russia's energy sector
    Britain imposes more sanctions on Russia's energy sector
    Asked about NATO, Zelenskiy says Ukraine should not change its constitution
    Asked about NATO, Zelenskiy says Ukraine should not change its constitution
    Equals Money | Railsr partners with Okta to secure AI-driven payments
    Equals Money | Railsr partners with Okta to secure AI-driven payments

    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

    France drafts in army for cattle vaccination to defuse farmer protests

    France drafts in army for cattle vaccination to defuse farmer protests

    Belgian farmers in anti-trade protest clash with police

    Belgian farmers in anti-trade protest clash with police

    UK actors vote to reject digital scans in AI rights push, echoing Hollywood battles

    UK actors vote to reject digital scans in AI rights push, echoing Hollywood battles

    UK pauses trials of Ajax in new setback for army fighting vehicle

    UK pauses trials of Ajax in new setback for army fighting vehicle

    Germany signs $2.35 billion armoured vehicle deal with Finland's Patria

    Germany signs $2.35 billion armoured vehicle deal with Finland's Patria

    ECB keeps rates steady, nudges up growth forecast

    ECB keeps rates steady, nudges up growth forecast

    Lufthansa looks to US flyers opting for premium to boost sales

    Lufthansa looks to US flyers opting for premium to boost sales

    Bank of England policymakers' views on December rate cut

    Bank of England policymakers' views on December rate cut

    EU leaders agree to work on using Russian assets for loan for Ukraine -Polish PM

    EU leaders agree to work on using Russian assets for loan for Ukraine -Polish PM

    ECB holds rates steady and turns more positive on the economy

    ECB holds rates steady and turns more positive on the economy

    Orlen to buy butadiene plant builder from Synthos for $193 million

    Orlen to buy butadiene plant builder from Synthos for $193 million

    British regulator cracks down on home, travel insurers

    British regulator cracks down on home, travel insurers

    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