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UA-RU | Sep 18th-Mar 7th | REPORTS

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Russians Enter Last Major Ukrainian Stronghold In Key Eastern Sector

Russian forces have entered the Donetsk Oblast town of Velyka Novosilka, according to Russian and Ukrainian sources. The settlement is Ukraine’s last major stronghold in the southern Donbas region. Located at the intersection of Donetsk, Zaporizhzhia, and Dnipropetrovsk Oblasts, its capture could provide Russian forces with a potential route for advancement into Dnipropetrovsk Oblast, Ukrainian military analysts say, according to Euromaidan Press.
 
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The Council of the European Union extended the sanctions against Russia, introduced because of its aggression against Ukraine.

"EU foreign ministers have just agreed to extend sanctions against Russia again. This will continue to deprive Moscow of revenue to finance its war. Russia must pay for the damage it is causing," the EU's foreign and security chief Kaya Callas wrote on the X social network.

According to EU legislation, the decision to extend these sanctions must be taken every six months and requires the unanimous support of all members of the bloc. After the adoption of the last relevant decision, they were supposed to operate until January 31, 2025.

However, since December, Hungary blocked the extension of sanctions. Initially, the Prime Minister of the country, Viktor Orbán, stated that he wanted to wait for the inauguration of US President Donald Trump. Subsequently, he began to connect this decision with the energy security of his country, in particular with the restoration of the transit of Russian gas through Ukraine, notes Bloomberg.

 
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Russian economy faces threat of large-scale bankruptcies.

For more than 20% of manufacturing and defense industry enterprises, the burden of interest payments on profit at the end of 2024 was at a risky level - exceeding 2/3 of pre-tax profit (EBIT).

The debt burden of enterprises increased last year due to the high key rate , experts believe.

A year ago, this share was half as much , according to the Center for Macroeconomic Analysis and Short-Term Forecasting.

The companies in the investment technological core of the economy are in the most difficult position. According to experts, the anti-leaders are transport engineering and the military-industrial complex.

Other analysts are also warning of economic “surprises.”

"We expect mass bankruptcies of companies, the economy is unbalanced, the reason is the lack of coordination between the actions of the Central Bank and the government" -

This opinion was voiced by VEB.RF chief economist Andrey Klepach.


According to a Russian expert, enterprises working for the defense industry will take out loans at any interest rate.

"Companies just need to survive to provide working capital and pay salaries. Some, unfortunately or fortunately, have a state defense order , but now it is criminal liability for not fulfilling it, so they will take out a loan at a rate of 20-30%, so as not to go to jail,". He noted.

 
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In Russia, vegetables are more expensive than exotic fruits!

A kilogramme of cucumbers costs 490 roubles, while pitahaya costs 420 roubles. Tomatoes are sold for 420 roubles per kg, while lychees cost 360 roubles. Peppers cost 430 roubles per kg, while mangoes cost only 360 roubles.


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