Ukraine war updates: U.S. reportedly urges Kyiv to cease strikes on Russian oil refineries Ukraine receives overseas aid soon after energy grid strike

Ukraine war updates: U.S. reportedly urges Kyiv to cease strikes on Russian oil refineries Ukraine receives overseas aid soon after energy grid strike


Ukraine’s electricity grid obtaining assistance from overseas following Russian assault Zaporizhzhia electric power line restored

Ukraine’s electricity grid started acquiring urgent assistance from abroad right after a series of Russia air strikes damaged electricity services, nationwide grid operator Ukrenergo stated Friday.

Poland, Romania and Slovakia had been delivering guidance immediately after the attacks still left much more than 1 million people without having ability, the firm claimed in a post on Telegram.

Ukraine’s occupied Zaporizhzhia nuclear electricity plant — the major in Europe — was on the verge of blackout Friday morning immediately after Russia struck a close by hydroelectric dam.

Russian-controlled management reported shortly afterward that the plant’s most important power line was up yet again immediately after a superior-voltage line supplying it with electrical energy was fixed.

— Karen Gilchrist

Ukraine’s Kharkiv hit by energy outages following Russian missile strikes

Kharkiv confronted numerous of electricity outages Friday immediately after Russian missile strikes appeared to concentrate on Ukrainian power infrastructure, in accordance to Mayor Ihor Terekhov.

In a sequence of posts on Telegram, Terekhov claimed there ended up around 15 blasts right away, which also triggered disruption to drinking water supplies and transportation devices. He did not report any casualties.

— Karen Gilchrist

IMF approves $880 million loan payment for Ukraine

In this image Intercontinental Financial Fund (IMF) symbol is seen in Washington D.C., United States on April 11, 2023.

Celal Gunes | Anadolu Company | Getty Pictures

The International Monetary Fund on Thursday authorised a 3rd overview of Ukraine’s $15.6 billion loan application, allowing the embattled nation to attract finances guidance of $880 million and bringing full disbursements to $5.4 billion.

The global loan provider explained Ukraine’s economic system confirmed “remarkable resilience” in 2023 but observed that challenges continue to be from Russia’s ongoing onslaught. Nonetheless, Ukraine mission chief Gavin Grey informed reporters the fund still expected the war in Ukraine to wind down by the conclude of 2024, in accordance to Reuters.

The IMF funding, which is thanks to arrive in the coming times, follows a tranche on EU funding obtained Wednesday. It comes as a U.S. funding bill stays held up in Congress.

— Karen Gilchrist

U.S. reportedly urges Ukraine to halt strikes on Russian oil refineries

Washington has reportedly urged Kyiv to cease drone strikes on Russian electricity infrastructure, cautioning that the attacks hazard driving up world-wide oil price ranges, sources acquainted with the discussions advised the FT.

A single source reported the White Residence experienced developed progressively irritated with brazen Ukrainian drone attacks on Russian refineries, terminals and storage amenities.

The warnings were sent to Ukraine’s condition protection service and its armed forces intelligence directorate, according to the experiences — equally of which have ramped up their drone strikes on Russian targets on land, sea and air.

In spite of Western sanctions, Russia remains 1 of the world’s most crucial electricity exporters, and U.S. officials expressed concerns that such strikes could outcome in retaliatory attacks on Western vitality infrastructure.

— Karen Gilchrist

Hungarian Primary Minister Orban congratulates Putin on reelection, state media studies

Hungary’s Primary Minister Viktor Orban congratulated Russian President Vladimir Putin on his reelection, state information agency MTI documented on Thursday.

In accordance to the agency, Orban wrote in a letter that cooperation amongst Hungary and Russia was “based on mutual respect, allowing the dialogue of crucial issues even in the recent quite tough geopolitical problem.”

— Reuters

Russian production of artillery and weapons surges substantially, defense ministry states

Russia’s manufacturing of artillery and weapons has grown considerably, the protection ministry explained on Thursday pursuing an inspection of many factories by Russian Defense Minister Sergei Shoigu.

In a Telegram submit translated by CNBC by way of Google Translate, Shoigu was quoted as owning claimed that artillery generation has grown by virtually two and a half times due to the fact current factories had been expanded and new types ended up opened.

The manufacturing of parts for ammunition has enhanced near to 22 instances, Shoigu even further explained, while just one manufacturing facility he frequented produced 5 periods additional artillery and aviation weapons now than they did previously, in accordance to the ministry.

Russian defense expending has soared since the war commenced, boosting the country’s financial system which has fared far far better than a lot of observers previously envisioned. This may perhaps nevertheless not past, Radoslaw Sikorski, Poland’s minister of foreign affairs, instructed CNBC Tuesday.

Success in Ukraine is now a matter of U.S. credibility, Polish foreign minister says

“If you set your economy on a disaster or war footing, your GDP rises because you are generating more shells and tanks and all the things that are heading to get ruined, but you happen to be also squandering the resources and the wealth of your state, and this has limits,” he reported.

— Sophie Kiderlin

Browse CNBC’s preceding dwell coverage here:



Supply

Citigroup beats second-quarter estimates as markets and banking revenues jump
World

Citigroup beats second-quarter estimates as markets and banking revenues jump

Jane Fraser, CEO, Citigroup, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Citigroup reported second-quarter results on Tuesday that topped analyst expectations, helping to boost a stock that has already been outperforming the broader […]

Read More
Bitcoin is nearly double where it was a year ago. This is what’s behind the run
World

Bitcoin is nearly double where it was a year ago. This is what’s behind the run

Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world’s largest cryptocurrency past $123,000 for the first time. Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn’t being driven by retail mania […]

Read More
Fund managers are going all-in on Europe’s banking stocks, Bank of America finds
World

Fund managers are going all-in on Europe’s banking stocks, Bank of America finds

Fund managers are becoming increasingly bullish on European equities, according to the latest iteration of Bank of America’s European Fund Manager Survey. European stocks have broadly enjoyed a significant rally this year, amid a diversification away from U.S. assets , the promise of massive fiscal stimulus in Germany , and a bull run in the […]

Read More