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 under pressure in east as NATO chief says Russia must not win
    Top Stories

    Ukraine under pressure in east as NATO chief says Russia must not win

    Published by Jessica Weisman-Pitts

    Posted on August 4, 2022

    5 min read

    Last updated: February 5, 2026

    A scene from Mykolaiv showing Ukrainian forces under pressure as they confront Russian military advances, highlighting the ongoing conflict in eastern Ukraine and the importance of NATO's stance on the war.
    Ukrainian forces defending against Russian advances in Mykolaiv - 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:President

    By Pavel Polityuk and Natalia Zinets

    KYIV (Reuters) – Ukraine said on Thursday it had been forced to cede some territory in the east of the country in the face of a Russian offensive, and the head of the NATO military alliance said Moscow must not be allowed to win the war.

    Ukrainian President Volodymyr Zelenskiy this week described the pressure his armed forces were under in the Donbas region in eastern Ukraine as “Hell”. He spoke of fierce fighting around the town of Avdiivka and the fortified village of Pisky, where Kyiv has acknowledged its Russian foe’s “partial success” in recent days.

    The Ukrainian military said on Thursday Russian forces had mounted at least two assaults on Pisky but that its troops had managed to repel them.

    Ukraine has spent the last eight years fortifying defensive positions in Pisky, viewing it as a buffer zone against Russian-backed forces who control the city of Donetsk about 10 km (6 miles) to the southeast.

    General Oleksiy Gromov told a news conference that Ukrainian forces had recaptured two villages around the eastern city of Sloviansk, but had been pushed back to the town of Avdiivka’s outskirts after being forced to abandon a coal mine regarded as a key defensive position.

    The Russian defence ministry confirmed its offensive.

    It said its forces had inflicted heavy losses on Ukrainian forces around Avdiivka and two other locations in Donetsk province, forcing Kyiv’s mechanised and mechanised infantry units to withdraw.

    Reuters could not immediately verify either side’s assertions.

    Video footage released by the Russian defence ministry showed Russian rocket launchers in action and tanks advancing and firing at speed across open terrain. It was not clear where they were filmed.

    Some unverified reports suggest that Russian-backed forces have reached Pisky’s outskirts.

    Supplied with sophisticated arms by the West, Ukraine has been attacking Russian-backed forces in the area too.

    Officials in the Russian-backed self-proclaimed Donetsk People’s Republic (DPR) said on Thursday that Ukrainian shelling had killed at least five people and wounded six in Donetsk city.

    Footage on social media showed bodies, some blown apart, lying beside a road in central Donetsk. Blood stained the pavement.

    Pavlo Kyrylenko, the Ukrainian governor of Donetsk, said on Telegram that three civilians had been killed by Russian shelling in Bakhmut, Maryinka and Shevchenko and five wounded in the past 24 hours.

    Eight people had been killed and four wounded by Russian artillery shelling in the town of Toretsk in Donetsk, he said.

    Russia, which denies deliberately attacking civilians, has said it plans to take full control of the wider Donetsk province, one of two that make up the industrialised Donbas region, as part of what it calls a “special military operation” to safeguard its security from what it calls unjustified NATO enlargement.

    Ukraine and the West, who describe Russia’s actions as an unprovoked imperial-style war of aggression, say Russian forces must withdraw to their positions before Feb. 24 when President Vladimir Putin sent tens of thousands of troops into Ukraine.

    Moscow, which regularly talks of the need for its forces to advance deeper into Ukraine, looks unlikely to agree to do that voluntarily.

    NATO WARNING

    Ukraine said the Russian offensive in the east looked like an attempt to force it to divert troops from the south where Kyiv’s forces are trying to retake territory and destroy Russian supply lines as a prelude to a wider counter-offensive.

    “The idea is to put military pressure on us in Kharkiv, Donetsk and Luhansk over the next few weeks…What is happening in the east is not what will determine the outcome of the war,” Ukrainian Presidential Adviser Oleksiy Arestovych said in an interview on YouTube.

    General Oleksiy Gromov said Russia might launch its own offensive in the southern Ukrainian region of Kherson to try to win back momentum in the war after building up its forces there.

    NATO Secretary-General Jens Stoltenberg said on Thursday the war was the most dangerous moment for Europe since World War Two and that Russia must not be allowed to win it.

    To prevent Moscow from succeeding, NATO and its member countries may have to support Ukraine with arms and other assistance for a long time to come, he said.

    “It’s in our interest that this type of aggressive policy does not succeed,” Stoltenberg said in a speech in his native Norway.

    Amid fears among some politicians in the West that Russia’s ambitions may extend beyond Ukraine, Stoltenberg warned Putin that the response to such a move from the Western military alliance would be overwhelming.

    “If President Putin even thinks of doing something similar to a NATO country as he has done to Georgia, Moldova or Ukraine, then all of NATO will be involved immediately,” Stoltenberg said.

    The war has led previously non-aligned Finland and Sweden to seek NATO membership, with the request so far ratified by 23 of the 30 member states, including the United States.

    Russia, which shares a long land border with Finland, has repeatedly warned Finland and Sweden against joining NATO.

    (Reporting by Reuters bureaux; Writing by Andrew Osborn; Editing by Angus MacSwan, William Maclean)

    Frequently Asked Questions about Ukraine under pressure in east as NATO chief says Russia must not win

    1What is NATO?

    NATO, or the North Atlantic Treaty Organization, is a military alliance of countries from North America and Europe that was established for mutual defense against aggression.

    2What is a military offensive?

    A military offensive is a coordinated operation by armed forces to attack and capture territory or defeat an enemy, often involving significant troop movements and strategies.

    3What is territory cession?

    Territory cession refers to the formal relinquishment of control over a specific area of land from one entity to another, often as a result of conflict or negotiation.

    4What is military pressure?

    Military pressure refers to the strategic use of armed forces to compel an adversary to act or refrain from acting, often by threatening or demonstrating military capability.

    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 PostBank of England raises rates by most since 1995 even as long recession looms
    Next Top Stories PostFactbox: Europe’s summer travel chaos