• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

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
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    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.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on July 27, 2022

    Featured image for article about Top Stories

    By Natalia Zinets

    KYIV (Reuters) – The fate of Ukraine’s second biggest power plant hung in the balance after Russian-backed forces claimed to have captured it intact, but Kyiv did not confirm its seizure, saying only that fighting was underway nearby.

    If confirmed, the seizure of the Soviet-era coal-fired Vuhlehirsk power plant in eastern Ukraine would be Moscow’s first strategic gain in more than three weeks in what it calls its “special military operation”.

    Russian and Russian-backed forces have been struggling to make meaningful progress on the ground since their capture in early July of the eastern Ukrainian city of Lysychansk.

    They have been repeatedly pushed back by fierce Ukrainian resistance to what Kyiv and the West regard as an imperialist Russian land grab in a pro-Western neighbour that Moscow dominated until the Soviet Union’s 1991 break-up.

    Unverified footage posted on social media appeared to show fighters from Russia’s Wagner private military company posing in front of the Vuhlehirsk power plant, which some Russian state media – citing Russian-backed officials – reported separately had been stormed.

    One of the Wagner fighters in front of the plant showed his watch to the camera – the time on it was 1001 local and gave the date as July 26.

    Reuters could not immediately verify the veracity of the video or whether the plant had switched to Russian control or not.

    The same unverified footage showed that working parts of the Soviet-era power plant, which is perched on the shore of a huge reservoir, appeared to be undamaged.

    Ukraine did not confirm the power plant’s capture and only said that “hostilities” were underway in two nearby areas. It said on Monday that “enemy units” had made some gains around the facility.

    British military intelligence said on Wednesday that Wagner fighters had probably succeeded in making tactical advances in the Donbas region of eastern Ukraine around the power plant and the nearby village of Novoluhanske.

    It said some Ukrainian forces had probably withdrawn from the area.

    Pavlo Kyrylenko, governor of Ukraine’s Donetsk province that forms part of the Donbas, said at least one person had been killed by a Russian strike on a hotel in the town of Bakhmut, which is north of the power plant and a target which Russian forces have said they want to capture.

    “According to preliminary information, there are dead and wounded; a rescue operation is underway,” Kyrylenko wrote on Facebook. The local emergency service said a toll of one dead and four wounded had been confirmed so far.

    Russian forces meanwhile suffered a setback in southern Ukraine’s Kherson region after Ukrainian forces struck an important bridge straddling the Dnipro river with what a Russian-appointed local administrator said were U.S.-supplied high mobility artillery rocket systems (HIMARS).

    The Antonivskyi bridge is the city of Kherson’s sole span across the river and Kirill Stremousov, deputy head of the Russian-appointed city administration, told Russia’s RIA news agency it had been closed to traffic after the strike.

    He said Russia was ready to compensate for it being taken out of action with pontoon bridges and ferries.

    Ukraine has spoken of launching a major counter-offensive in the south of the country to try to retake cities such as Kherson. Rendering the bridge unusable for Russian forces is seen by Western military analysts as something that would make it much harder for Moscow’s forces to operate smooth supply lines and defend land they have seized since Feb. 24.

    Stremousov, the Russian-appointed official, denied the fate of the bridge would determine the course of the war in any way.

    Footage posted on social media showed at least six large holes in its surface.

    Ukrainian presidential adviser Mykhailo Podolyak quipped on Twitter that the Antonivskyi bridge was good at intercepting Ukrainian missiles.

    “…You cannot escape the reality,” he wrote. “The Russian occupiers should learn how to swim across the Dnipro River. Or should leave Kherson while it is still possible. There may not be a third warning.”

    (Reporting by Reuters Bureaux; Writing by Andrew Osborn; Editing by Mark Heinrich)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    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