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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 July 1, 2025

    Featured image for article about Headlines

    MOSCOW (Reuters) -Russia has taken full control of Ukraine's eastern Luhansk region, more than three years after President Vladimir Putin ordered thousands of troops into Ukraine in February 2022, the Russian-backed head of the region told Russian state television.

    Luhansk, which has an area of 26,700 square km (10,308 square miles), is the first Ukrainian region to fall fully under the established control of Russian forces since Russia annexed Crimea in 2014.

    Putin in September 2022 declared that Luhansk - along with the partially controlled Donetsk, Kherson and Zaporizhzhia regions - was being incorporated into Russia, a step Western European states said was illegal and that most of the world did not recognise.

    "The territory of the Luhansk People's Republic is fully liberated - 100%," Leonid Pasechnik, who was born in Soviet Ukraine and is now a Russian-installed official cast by Moscow as the head of the "Luhansk People's Republic", told Russian state television.

    There was no immediate confirmation from the Russian defence ministry, or comment from Ukraine.

    Ukraine says that Russia's claims to Luhansk and other areas of what is internationally recognised to be Ukraine are groundless and illegal, and Kyiv has promised to never recognise Russian sovereignty over the areas.

    Russia says the territories are now part of Russia, fall under its nuclear umbrella and will never be returned.

    Luhansk was once part of the Russian empire but changed hands after the Russian Revolution. It was taken by the Red Army in 1920 and then became part of the Soviet Union in 1922 as part of the Ukrainian Soviet Socialist Republic.

    Along with neighbouring Donetsk, Luhansk was the crucible of the conflict which began in 2014 after a pro-Russian president was toppled in Ukraine's Maidan Revolution and Russia annexed Crimea, with Russian-backed separatist forces fighting Ukraine's armed forces in both Luhansk and Donetsk.

    Russia controls nearly 19% of what is internationally recognised to be Ukraine, including Luhansk, plus over 70% of the Donetsk, Zaporizhzhia and Kherson regions, and fragments of the Kharkiv, Sumy and Dnipropetrovsk regions.

    (Reporting by Reuters; editing by Guy Faulconbridge and Lincoln Feast.)

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