Russia's central bank hikes rates to fight inflation fuelled by military spending
Russia's central bank raised its interest rate by a full percentage point on Friday as government military spending in its invasion of Ukraine strains the economy.
Vladimir Putin praises soldiers fighting in Ukraine for 'defending the future of Russia'
The Russian president also used his video message on Sunday to pledge greater support for military personnel and new weapons and equipment for the army.
READ MORE : http://www.euronews.com/2025/02/23/vladimir-putin-praises-soldiers-fighting-in-ukraine-for-defending-the-future-of-russia
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Credit: euronews (in English) Duration: 01:00Published
As tensions escalate in Ukraine, the UK and France have unveiled a bold plan to deploy up to 30,000 peacekeepers in the war-torn country, contingent on a ceasefire agreement between Russia and Ukraine. The proposed peacekeeping force would primarily consist of British and French troops, tasked with safeguarding key infrastructure and monitoring ceasefire compliance using drones and satellite surveillance. However, the plan hinges on securing crucial support from U.S. President Donald Trump, whose backing is seen as essential for the mission's success. While the U.S. has ruled out sending troops, European officials have emphasized that without Trump's approval, the peacekeeper deployment faces significant challenges. Russian officials, led by Foreign Minister Sergey Lavrov, have vehemently opposed any foreign military presence in Ukraine, warning that it would be viewed as a legitimate target.
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In a recent statement, White House Press Secretary Karoline Leavitt expressed confidence that a peace deal to end the ongoing conflict in Ukraine is "pretty close." As the war enters its fourth year, Leavitt emphasized that the Trump administration is committed to resolving the crisis swiftly. She indicated that significant diplomatic efforts are underway, with President Trump pushing for a resolution in the near future. Leavitt also noted that National Security Adviser Mike Waltz is working around the clock to finalize the deal, while high-level talks between U.S. and Russian diplomats are reportedly making progress. Despite the ongoing tension, Leavitt’s comments suggest optimism that a breakthrough could be imminent. However, specifics on the potential peace agreement, including key details like Russia's demands for Ukraine’s neutrality and demilitarization, remain under wraps.
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Ukraine hit by largest drone attack since war began, says President Zelenskyy
Ukraine faced its largest drone assault since Russia's invasion, with 267 drones launched, out of which 138 were intercepted.
READ MORE : http://www.euronews.com/2025/02/23/ukraine-hit-by-largest-drone-attack-since-war-began-says-president-zelenskyy
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Credit: euronews (in English) Duration: 01:00Published
Bank of England governor Andrew Bailey has said he is "optimistic" that inflation pressures would ease sufficiently for the central bank to cut rates further.
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The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.
Credit: euronews (in English) Duration: 01:07Published
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