Published by Global Banking & Finance Review®
Posted on December 23, 2025
2 min readLast updated: January 20, 2026
Add as preferred source on Google
Ukrainian troops have retreated from Siversk as Russian forces advance, threatening key cities in the Donbas region.
By Dan Peleschuk
KYIV, Dec 23 (Reuters) - Ukrainian forces have pulled out of the embattled eastern town of Siversk, Kyiv's military said on Tuesday, as Russian troops wage a battlefield offensive aimed at threatening key cities critical to Ukraine's defences in the east.
The fall of Siversk comes with Ukraine under U.S. pressure to quickly negotiate peace in the nearly four-year-old war triggered by Russia's invasion, and puts Russian forces closer to the hub of Sloviansk, some 30 km (20 miles) to the west.
Sloviansk is a northern anchor of the so-called "fortress belt" of cities in Ukraine's heavily industrialised Donbas region, which Russia has demanded Kyiv cede before it ends its war.
"The invaders were able to advance due to a significant numerical advantage and constant pressure from small assault groups in difficult weather conditions," Ukraine's General Staff said in a statement.
It said it had withdrawn soldiers to preserve lives and resources, adding that they had, however, inflicted heavy losses on the enemy.
Russia said earlier this month it had captured Siversk, whose pre-war population was around 10,000, a claim Kyiv had denied.
On Tuesday, Ukraine's military said its forces were keeping up pressure on the town and would continue trying to sever logistics for Russian troops inside.
Ukrainian open-source group Deep State showed Russia had made gradual gains around Siversk this month, part of its grinding advances along the sprawling front line.
Fighting is still raging around the former eastern logistics hub of Pokrovsk, where Ukrainian forces said this month they had fended off an unusually large Russian mechanised attack.
(Reporting by Dan Peleschuk; editing by Gareth Jones and Mark Heinrich)
A financial crisis is a situation where the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn.
Economic growth refers to the increase in the production of goods and services in an economy over a certain period, typically measured by GDP.
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization to achieve its financial goals.
Investment is the allocation of resources, usually money, in order to generate income or profit over time.
Insurance is a financial product that provides protection against financial loss or risk, typically in exchange for regular premium payments.
Explore more articles in the Headlines category
