Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

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 © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & 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 > Top Stories > Russia about to ‘run out of steam’ in Ukraine, British spy chief says
    Top Stories

    Russia about to ‘run out of steam’ in Ukraine, British spy chief says

    Published by Jessica Weisman-Pitts

    Posted on July 21, 2022

    3 min read

    Last updated: February 5, 2026

    This image illustrates the ongoing military operations in Ukraine amid a significant Russian offensive. It relates to the article discussing insights from Britain's MI6 chief on Russia's potential operational pause and Ukraine's opportunities to counterattack.
    Image depicting the impact of Ukraine crisis on military strategy - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

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

    Subscribe

    Tags:financial crisiseconomic growthinternational organizationsfinancial stabilityrisk management

    By Phil Stewart

    ASPEN, Colorado (Reuters) -Russia’s military is likely to start an operational pause of some kind in Ukraine in the coming weeks, giving Kyiv a key opportunity to strike back, Britain’s spy chief said on Thursday.

    Richard Moore, chief of the Secret Intelligence Service (SIS) known as MI6, also estimated that about 15,000 Russian troops had been killed so far in its war in Ukraine, adding that was “probably a conservative estimate.”

    “I think they’re about to run out of steam,” Moore said, addressing the Aspen Security Forum in Colorado, adding that the Russian military would increasingly find it difficult to supply manpower and materiel over the next few weeks.

    “They will have to pause in some way, and that will give the Ukrainians opportunities to strike back.”

    Nearly five months since Russia invaded Ukraine, Kyiv hopes that Western weapons, especially longer-range missiles such as U.S. HIMARS which Kyiv has deployed in recent weeks, will allow it to launch a counterattack in coming weeks and recapture Russian-occupied territory.

    Moore underscored the need for Ukraine to show the war was winnable — both to preserve high Ukrainian morale but also to stiffen the resolve of the West as concerns mount about European energy shortages during the coming winter.

    “It’s important, I think, to the Ukrainians themselves that they demonstrate their ability to strike back. And I think that will be very important for their continuing high morale,” Moore said.

    “I also think, to be honest, it will be an important reminder to the rest of Europe that this is a winnable campaign by the Ukrainians. Because we are about to go into a pretty tough winter and … I don’t want it to sound like a character from ‘Game of Thrones.’ But winter is coming.

    “And clearly in that atmosphere with the sort of pressure on gas supplies and all the rest, we’re in for a tough time,” Moore said.

    The prospect of a Russian disruption of European energy supplies is one of the biggest global economic and political risks arising from the war. European countries fear they could face shortages next winter, if Russia cuts back deliveries during warm months when they typically replenish storage tanks.

    Moore said the toll from Russian President Vladimir Putin’s war in Ukraine was mainly being felt in poorer, rural communities, and that Putin was not yet recruiting forces for the conflict from middle-class areas of St. Petersburg or Moscow.

    “These are poor kids from rural parts of Russia. They’re from blue-collar towns in Siberia. They are disproportionately from ethnic minorities. And these are his cannon fodder,” Moore said.

    Asked if he knew about Putin’s health, Moore said: “There’s no evidence that Putin is suffering from serious ill-health.”

    (Reporting by Phil Stewart; editing by Jonathan Oatis)

    Frequently Asked Questions about Russia about to ‘run out of steam’ in Ukraine, British spy chief says

    1What is economic growth?

    Economic growth refers to the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).

    2What is a financial crisis?

    A financial crisis is a situation where the value of financial institutions or assets drops significantly, leading to a loss of confidence in the financial system and often resulting in economic downturns.

    3What is risk management?

    Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings, which can arise from various sources including financial uncertainties and legal liabilities.

    4What are international organizations?

    International organizations are entities established by multiple countries to work together on common goals, such as economic development, security, and humanitarian efforts. Examples include the United Nations and the World Bank.

    5What is financial stability?

    Financial stability refers to a condition where the financial system operates effectively, with institutions able to manage risks and absorb shocks, ensuring the smooth functioning of the economy.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostBiden tests positive for COVID, has mild symptoms, taking Paxlovid treatment
    Next Top Stories PostRussia resumes gas flow to Germany with cutback; 3 killed in Kharkiv market shelling