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 > Ukrainian rockets hit Russian-held area as Kyiv readies southern counter-attack
    Top Stories

    Ukrainian rockets hit Russian-held area as Kyiv readies southern counter-attack

    Ukrainian rockets hit Russian-held area as Kyiv readies southern counter-attack

    Published by Jessica Weisman-Pitts

    Posted on July 12, 2022

    Featured image for article about Top Stories

    By Tom Balmforth and Pavel Polityuk

    KYIV (Reuters) -Ukraine said on Tuesday it had carried out a long-range rocket strike against Russian forces and military equipment in southern Ukraine, territory it says it is planning to retake in a counter-offensive using hundreds of thousands of troops.

    The strike hit an ammunition dump in the town of Nova Kakhovka in the Kherson region and killed 52 Russians, Ukraine’s military said. It came after Washington supplied Ukraine with advanced HIMARS mobile artillery systems which Kyiv says its forces are using with growing efficiency.

    A Russian-installed official in Kherson gave a different version of events. He said at least seven people had been killed and that civilians and civilian infrastructure had been hit.

    Reuters could not independently verify the battlefield accounts.

    The area Ukraine struck is one that Russia seized after launching on Feb. 24 what Moscow called “a special military operation” in its fellow ex-Soviet neighbour and is of strategic importance with Black Sea access, a once thriving agricultural industry and a location just north of Russian-annexed Crimea.

    Ukrainian government officials have spoken of efforts to marshal up to 1 million troops and of their aim to recapture southern parts of the country now under Russian control.

    “Based on the results of our rocket and artillery units, the enemy lost 5️2 (people), an Msta-B howitzer, a mortar, and seven armoured and other vehicles, as well as an ammunition depot in Nova Kakhovka,” Ukraine’s southern military command said in statement.

    Unverified videos posted on social media showed smoke and sparks, followed by an immense fireball erupting into the night sky. Images released by Russian state media showed a wasteland covered in rubble and the remains of buildings.

    An official from the Russian-installed local administration said that Ukraine had used HIMARS missiles and that they had destroyed warehouses containing saltpetre, a chemical compound which can be used to make fertilizer or gunpowder. A large explosion resulted.

    The Ukrainian Defence Ministry did not immediately respond to a request for comment about the kind of weapon used.

    Vladimir Leontyev, head of the Russia-installed Kakhovka District military-civilian administration, was cited by Russia’s TASS news agency as saying that at least seven people had been killed in the attack and around 60 wounded.

    “There are still many people under the rubble. The injured are being taken to the hospital, but many people are blocked in their apartments and houses,” Leontyev was quoted by TASS as saying. He was also cited as saying that warehouses, shops, a pharmacy, gas stations and a church had been hit.

    COUNTER-ATTACK PLANS

    The conflict has blocked access to Ukraine’s grain and cooking oils, exacerbating a global food crisis. More than 20 million tonnes of grain are stuck in silos at the key Black Sea port of Odesa.

    Turkish Defence Minister Hulusi Akar said military delegations from Ukraine, Russia and Turkey would meet U.N. officials in Istanbul on Wednesday to discuss a possible deal to resume safe exports of Ukrainian grain.

    “We are working hard indeed but there is still a way to go,” U.N. Secretary-General Antonio Guterres told reporters.

    Russia has accused Ukraine of shelling its own people in territory where it has lost control. Ukraine says it evacuates as many people as possible from areas seized by Russian forces in what it and the West have cast as an attempted imperial-style land grab by Moscow.

    Kyiv and the West say Russia’s own strikes have been indiscriminate, killing civilians and levelling city districts.

    Moscow denies targeting civilians but many Ukrainian population centres have been left in ruins as Europe’s biggest conflict since World War Two grinds towards the five-month mark.

    The U.N. human rights office said on Tuesday that 5,024 civilians had been killed in Ukraine since the invasion began, adding that the real toll was likely much higher.

    Russia has tried to introduce the rouble in Kherson and is offering Russian passports to locals. Russian-installed officials say they also plan to hold a referendum on the region becoming part of Russia but have not yet set a date.

    On Sunday, Ukraine’s deputy prime minister urged civilians in Kherson to evacuate as Kyiv’s armed forces were preparing a counter-attack.

    Ukraine is itself bracing for what it expects will be a massive new Russian offensive in the east of the country where Moscow says it is determined to take control of all of the industrial Donbas region.

    Russian forces, which earlier this month completed the capture of Luhansk province in the Donbas, have for weeks been shelling parts of neighbouring Donetsk province.

    Regional Donetsk governor Pavlo Kyrylenko said there was a significant buildup of Russian troops, particularly in the Bakhmut and Siversky areas, and around Sloviansk and Kramatorsk.

    The entire front line in the region was under constant shelling as Russian troops tried to break through but were being repelled, he said.

    TASS reported separately that Russian and Russian-backed forces were encircling the town of Siversk.

    Other locations in Ukraine were also under attack.

    At least 12 people were wounded in shelling of the southern city of Mykolaiv overnight, the regional governor said, and the mayor of Kharkiv, Ukraine’s second city located in the northeast, told Ukrainian TV it was under constant shelling.

    (Reporting by Reuters bureaux; Writing by Andrew Osborn and Nick Macfie; Editing by Raissa Kasolowsky and Mark Heinrich)

    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 PostExclusive-Pernod told India its protracted tax fight inhibits fresh investments there-letters
    Next Top Stories PostEU backs global law pact which could partly plug UK legal gap