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 Wanda Rich

    Posted on July 11, 2022

    3 min read

    Last updated: February 5, 2026

    Image depicting the aftermath of a missile strike in eastern Ukraine, highlighting the destruction of an apartment building. This visual reflects the ongoing conflict and humanitarian crisis detailed in the article about the Ukraine-Russia war.
    Destruction caused by missile strike in Ukraine amid ongoing 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:insurancefinancial crisiseconomic growthforeign currencyinvestment

    Quick Summary

    (Reuters) – Russia opened fire with artillery, multiple rocket launchers and tanks around Ukraine’s second largest city Kharkiv and shelled cities in the east, Ukraine’s general staff said, after a rocket strike that killed 18 people in an apartment building.

    (Reuters) – Russia opened fire with artillery, multiple rocket launchers and tanks around Ukraine’s second largest city Kharkiv and shelled cities in the east, Ukraine’s general staff said, after a rocket strike that killed 18 people in an apartment building.

    FIGHTING

    * Three people were killed and 22 wounded after Russian shelling hit Kharkiv, the regional governor said.

    * Donetsk regional Governor Pavlo Kyrylenko said on the Telegram messaging service that a Russian missile had struck Druzhkivka, a town behind the front line, and reported shelling of other population centres.

    * Luhansk Governor Serhiy Gaidai said on Telegram that Russian forces were gathering in the area of the village of Bilohorivka, about 50 km (30 miles) east of Sloviansk, from where they were shelling surrounding settlements and carrying out air strikes.

    * Ukraine’s deputy prime minister on Sunday urged civilians in the Russian-occupied southern region of Kherson to evacuate as Ukraine’s armed forces were preparing a counter-attack there.

    * Russia’s TASS news agency cited pro-Russian separatists as saying Ukrainian forces had unleashed an artillery barrage into residential districts of the city of Donetsk.

    * Russian forces struck two Ukrainian army hangars storing U.S.-produced artillery pieces near Kostantinovka in Donetsk province, the Russian defence ministry said.

    * Reuters could not independently verify battlefield accounts.

    ECONOMY/DIPLOMACY

    * The biggest single pipeline carrying Russian gas to Germany began annual maintenance on Monday, with flows expected to stop for 10 days, but governments, markets and companies are worried the shutdown might be extended because of the war in Ukraine.

    * Siemens said Canada’s decision to allow a turbine to be sent from its repair shop in Canada to Germany was a necessary first step towards returning it to the Russian pipeline it operates, and that it was aiming to get it there as soon as possible.

    * The governor of Russia’s Kaliningrad exclave proposed a total ban on the movement of goods between the three EU Baltic states and Russia, in response to what Kaliningrad authorities have called a “blockade” of its territory by neighbouring Lithuania.

    * Meanwhile, Lithuania expanded curbs on trade through its territory to Kaliningrad, as phase-ins on earlier-announced European Union sanctions against Moscow took effect.

    * The French government is preparing for a total cut-off of Russian gas supplies, which it regards as the most likely scenario in its forward planning.

    QUOTE

    “I was thrown into the bathroom, it was all chaos, I was in shock, all covered in blood,” said a survivor after Russian rockets hit an apartment block in Chasiv Yar in the Donetsk region.

    (Compiled by Stephen Coates; Editing by Sam Holmes)

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

    1What is foreign currency?

    Foreign currency refers to the money used in a country other than your own, which can be exchanged for local currency. It is essential for international trade and travel.

    2What is economic growth?

    Economic growth is 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).

    3What is a financial crisis?

    A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn.

    4What is insurance?

    Insurance is a financial product that provides protection against potential future losses or damages in exchange for regular premium payments.

    5What is investment?

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

    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 PostEnergy supply crunch, COVID woes weigh on European stocks
    Next Top Stories PostPound eyes 2-year lows as race for next British Prime Minister heats up