|

Ukrainian Official: Russian forces tried to break through defenses along Donetsk, Luhansk and Kharkiv fronts

Russian forces tried to break through Ukrainian defenses all along the Donetsk, Luhansk and Kharkiv fronts on Monday, the Ukraine Security Council Secretary said, according to Reuters. Russia appears to have attempted to start the active phase of its new eastern offensive this morning, the Security Council official added. 

The official stated that they think Ukrainian forces in Donetsk and Luhansk can withstand the new Russian assault, but warned that the threat to cities from long-range rocket attacks has become much higher. 

Additional Updates on Monday

These comments come after Ukrainian's Armed Forces Command said on Monday that they see signs that Russia is beginning its new offensive in eastern Ukraine. Russia's main military target is focused on taking full control of the Donetsk and Luhansk regions, Armed Forces Command added. 

Ukraine's Defense Ministry also stated on Monday that Russian aircraft bombing runs in Ukraine have increased by 50%. 

The recent escalation of the fighting in Ukraine comes after Ukrainian President Volodymyr Zelenskyy said over the weekend that talks with Russia are at a "dead-end", given that Ukraine will not trade away its territory or people. 

Moreover, if Russian forces follow through on threats to destroy the remaining Ukrainian troops in Mariupol, this would "put an end" to peace talks, Zelenskyy warned. 

Author

Joel Frank

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

More from Joel Frank
Share:

Editor's Picks

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.