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 > Top Stories > Russia kills 21 with missiles near Odesa after abandoning Snake Island
    Top Stories

    Russia kills 21 with missiles near Odesa after abandoning Snake Island

    Russia kills 21 with missiles near Odesa after abandoning Snake Island

    Published by Jessica Weisman-Pitts

    Posted on July 1, 2022

    Featured image for article about Top Stories

    By Iryna Nazarchuk

    SERHIIVKA, Ukraine (Reuters) -Russia flattened part of an apartment building while residents slept on Friday in missile attacks near Ukraine’s Black Sea port of Odesa that authorities say killed at least 21 people, hours after Russian troops abandoned a nearby outpost at Snake Island.

    Neighbours in the resort village of Serhiivka helped workers comb through the rubble of the nine-storey apartment block, a section of which had been completely destroyed at 1:00 a.m.

    Walls and windows of a neighbouring, 14-storey apartment block had also been damaged by the blast wave. Nearby holiday camps were also hit.

    “We came here to the site, assessed the situation together with emergency workers and locals, and together helped those who survived. And those who unfortunately died. We helped to carry them away,” said Oleksandr Abramov, who lives nearby and had rushed to the scene when he heard the blast.

    Serhiy Bratchuk, spokesman for the Odesa regional administration, said 21 people had been confirmed killed, including a 12-year-old boy. Authorities said earlier 41 people had been rescued from the apartment building where 152 lived.

    The regional governor said the Soviet-era missiles had been fired from the direction of the Black Sea.

    The Kremlin denied targeting civilians: “I would like to remind you of the president’s words that the Russian Armed Forces do not work with civilian targets,” Kremlin spokesperson Dmitry Peskov told reporters.

    The attack came just four days after Russia struck a crowded shopping mall in central Ukraine killing at least 19 people.

    Kyiv says Moscow has dramatically escalated its long-range attacks hitting civilian targets far from the front line in recent days, which Ukraine describes as a war crime. Russia says it has been aiming at military sites.

    Thousands of civilians have been killed since Russia invaded Ukraine on Feb. 24 in what Ukraine says is an unprovoked war of aggression. Russia calls the invasion a “special operation” to root out nationalists.

    On Thursday, Russia pulled its troops off Snake Island, a desolate but strategically important outcrop that it seized on the war’s first day and had used to control the northwestern Black Sea, where it has blockaded Odesa and other ports.

    In his nightly video address, President Volodymyr Zelenskiy hailed what he described as a strategic victory at Snake Island.

    “It does not yet guarantee security. It does not yet ensure that the enemy will not come back,” he said. “But this significantly limits the actions of the occupiers. Step by step, we will push them back from our sea, our land and our sky.”

    STANDING OVATION FOR EU FLAG

    In Kyiv, Ukrainian lawmakers gave a standing ovation as the flag of the European Union was carried through the chamber to stand alongside Ukraine’s own flag behind the dais, a symbol of Ukraine’s formal EU candidate status granted last week.

    Zelenskiy and the lawmakers also stood for a minute of silence for those killed in the morning attacks near Odesa.

    Russia’s stepped up campaign of long-range missile attacks on Ukrainian cities has come as its forces have ground out success on the battlefield in the east, with a relentless assault to force Kyiv to cede two provinces to separatists.

    Moscow has been on the verge of capturing one of those provinces, Luhansk, since taking the city of Sievierodonetsk last week after some of the heaviest fighting of the war. Ukraine’s last bastion in Luhansk is the city of Lysychansk across the Siverskyi Donets river, which is close to being encircled under relentless Russian artillery assault.

    The Russians were shelling Lysychansk from different directions and approaching from several sides, regional Governor Serhiy Gaidai said on Ukrainian television.

    “The superiority in fire power of the occupiers is still very much in evidence,” Zelenskiy said. “They have simply brought in all their reserves to hit us.”

    NATIONAL SYMBOL

    In Russian-occupied Sievierodonetsk, residents have emerged from basements to sift through the rubble of their city.

    “Almost all the city infrastructure is destroyed. We are living without gas, electricity, and water since May,” Sergei Oleinik, 65, told Reuters. “We are glad that this ended, and soon maybe reconstruction will start, and we will be back to more or less normal life.”

    But after its losses in the east, the Ukrainian victory at Snake Island gives Kyiv a major success in the Black Sea. The island has been a national symbol since the first day of the war when a Ukrainian guard ordered by Russia to surrender radioed back: “Russian warship, go fuck yourself.”

    Russia has used its control of the sea to impose a blockade on Ukraine, one of the world’s biggest grain exporters, threatening to shatter Ukraine’s economy and cause global famine.

    Moscow denies it is to blame for a food crisis, which it says is caused by Western sanctions hurting its own exports. President Vladimir Putin met the president of Indonesia on Thursday and spoke by phone on Friday to the prime minister of India, promising both major food importers that Russia would remain a big supplier of grain.

    Pushing the Russians off Snake Island could be a step towards reopening Odesa’s port, although military analysts say Russia could still threaten cargo ships at sea.

    Ukraine hopes to inflict enough damage in the east to exhaust Russia’s advancing army, and turn the tide in coming months with advanced weapons arriving from the West.

    In the latest sign of Russia’s split with Europe, Russia’s ambassador in Bulgaria said she would call for her embassy to be shut, along with Bulgaria’s embassy in Moscow, following Sofia’s refusal to reinstate diplomats it expelled for spying.

    (Reporting by Reuters bureaux; Writing by Peter Graff; Editing by Nick Macfie)

    Related Posts
    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
    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
    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
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    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
    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
    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
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust

    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 Top Stories

    Explore more articles in the Top Stories category

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    View All Top Stories Posts
    Previous Top Stories PostCopper stumbles to 17-month low as inflation data fans slowdown fears
    Next Top Stories PostSterling slumps 1.5% vs dollar on safe-haven demand, weak UK data