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 > Ukraine and Russia: What you need to know right now
    Top Stories

    Ukraine and Russia: What you need to know right now

    Published by Jessica Weisman-Pitts

    Posted on June 13, 2022

    3 min read

    Last updated: February 6, 2026

    The image captures the devastation at the Nika-Tera grain terminal in Ukraine, highlighting the impact of ongoing military actions in the region. This damage is part of the broader Ukraine-Russia conflict, affecting civilians and the economy.
    View of the damaged Nika-Tera grain terminal amid Ukraine-Russia conflict - 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:PresidentEconomyinternational organizationsfinancial crisisinvestment

    Quick Summary

    (Reuters) – Ukrainian defenders were fighting fiercely for “every metre” of Sievierodonetsk, President Volodymyr Zelenskiy said, as Russian forces pounded a zone where Ukrainian officials said hundreds of civilians were sheltering.

    (Reuters) – Ukrainian defenders were fighting fiercely for “every metre” of Sievierodonetsk, President Volodymyr Zelenskiy said, as Russian forces pounded a zone where Ukrainian officials said hundreds of civilians were sheltering.

    FIGHTING

    * Luhansk Governor Serhiy Gaidai said: “About 500 civilians remain on the grounds of the Azot plant in Sievierodonetsk, 40 of them are children. Sometimes the military manages to evacuate someone.” The industrial zone was under heavy bombardment, while Russian forces control around 70% of the city.

    * Pro-Moscow separatists said the last bridge out of the city had been destroyed, cutting off the defenders’ escape route. Ukraine said there was still another way out, although that route was severely damaged.

    * Southwest of Sievierodonetsk, Russian forces were firing mortars and artillery around a number of settlements, according to Ukraine’s general staff. But it said Ukrainian forces had repulsed Russian attempts to advance towards some communities.

    * Russia says its missiles have destroyed a large quantity of Ukrainian weapons in the Donbas region, including weapons sent from the West.

    * President Volodomyr Zelenskiy said Ukraine’s military was gradually liberating territory further west in the Kherson region and had some successes in Zaporizhzhia, too.

    * Russian forces fired Kalibr cruise missiles to destroy a depot containing U.S. and European weapons in western Ukraine’s Ternopil region, Interfax reported. Ternopil’s governor said a rocket attack from the Black Sea had partly destroyed a military facility in the city of Chortkiv, injuring 22 people. A local official said there were no weapons stored there. Reuters could not independently confirm the differing accounts.

    * Interfax also said Russian forces had shot down three Ukrainian SU-25 fighter jets near Donetsk and Kharkiv in eastern Ukraine.

    ECONOMY

    * Former McDonald’s restaurants flung open their doors in Moscow under new Russian ownership and with the new name, Vkusno & tochka, which translates as “Tasty and that’s it”.

    * Farmers of Ukraine’s southern Odesa region have begun the 2022 grain harvest, taking advantage of favourable weather. [L1N2Y00B2]

    * Ukraine has established two routes through Poland and Romania to export grain and avert a global food crisis although bottlenecks have slowed the supply chain, Ukraine’s deputy foreign minister said.

    DIPLOMACY

    * Security concerns raised by Turkey in its opposition to Finnish and Swedish NATO membership applications are legitimate, the Western military alliance’s Secretary General Jens Stoltenberg said in Finland.

    * European Commission President Ursula von der Leyen said the EU executive’s opinion on Ukraine’s request to join the European Union would be ready in the coming week.

    * Is it better to engage with Russian President Vladimir Putin over his invasion of Ukraine or to isolate him? Should Kyiv make concessions to end the war, or would that embolden the Kremlin? Are ramped up sanctions on Russia worth the collateral damage?

    These are some of the questions testing the international alliance that swiftly rallied around Ukraine, officials and diplomats told Reuters.

    * The global nuclear arsenal is expected to grow in the coming years for the first time since the Cold War while the risk of such weapons being used is the greatest in decades, a leading conflict and armaments think-tank said.

    QUOTES

    “The key tactical goal of the occupiers has not changed: they are pressing in Sievierodonetsk, severe fighting is ongoing there – literally for every metre,” Ukrainian President Volodymyr Zelenskiy said in his nightly video address on Sunday.

    (Compiled by Simon Cameron-Moore, Peter Graff and Toby Chopra)

    Frequently Asked Questions about Ukraine and Russia: What you need to know right now

    1What is a central bank?

    A central bank is a financial institution that manages a country's currency, money supply, and interest rates. It oversees the banking system and implements monetary policy to achieve economic stability.

    2What is inflation?

    Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured annually and can be caused by various economic factors.

    3What is a foreign exchange market?

    The foreign exchange market is a global decentralized marketplace for trading national currencies against one another. It is the largest and most liquid financial market in the world.

    4What is investment?

    Investment refers to the allocation of resources, usually money, in order to generate income or profit. It can take various forms, including stocks, bonds, real estate, and business ventures.

    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 PostGermany eyes aid payment for Gazprom Germania – sources
    Next Top Stories PostEU agency sees risk of COVID deaths rising as Omicron subvariants spread