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.
A Ukrainian Su-27 fighter jet was lost during a dramatic encounter with Russian drones, reportedly while on a mission to defend ground troops and intercept incoming UAVs. The incident, confirmed by Kiev’s air force, remains shrouded in mystery—was the jet downed by Russian Geran-2 kamikaze drones, or could it have been struck by Ukraine’s own air defense systems? The pilot managed to eject but was hospitalized. Unverified footage circulating online shows the aircraft engulfed in flames as it crashes into a wooded hillside. A special commission has been set up to investigate the full circumstances behind the loss. Watch the video for the full story and ongoing updates.
#UkraineWar #Su27Crash #Geran2 #DroneWarfare #RussiaUkraineConflict #MilitaryNews #AirForce #UAV #KamikazeDrone #JetCrash #FriendlyFire #UkraineCrisis #BreakingNews #WarFootage #Su27 #UkraineAirForce
Sir Keir Starmer says talks on a potential ceasefire in Ukraine are "not at the end of the process" and any ceasefire has “got to be lasting, because I don’t trust Putin”. Asked about the suggestion the US could recognise Russia's annexation of Crimea; the prime minister tells broadcasters: "Ultimately that is a matter for the Ukrainians”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kremlin announces Ukraine ceasefire to coincide with World War II 'Victory Day'
Russian President Vladimir Putin has ordered the full cessation of hostilities on “humanitarian grounds” for Victory Day, which is marked on 9 May, according to the Kremlin.
READ MORE : http://www.euronews.com/2025/04/28/kremlin-announces-ukraine-ceasefire-to-coincide-with-9-may-world-war-ii-victory-day
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Credit: euronews (in English) Duration: 01:14Published
In this latest update, Kremlin spokesman Dmitry Peskov slams Ukraine for showing no sign of readiness to engage in direct negotiations with Russia. Despite Moscow’s openness to peace talks, Ukrainian President Zelensky maintains a strict ban on any negotiations with Vladimir Putin—a move he implemented in October 2022 to stop separatism and control backchannel talks. Peskov insists that Ukraine must act, especially in light of its legal ban on direct talks.
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In a stunning and unexpected move, Russian President Vladimir Putin has announced a unilateral three-day ceasefire in the ongoing war in Ukraine, set to take place from May 8 to May 10, 2025. This marks the first major shift in Russia’s approach to peace talks, as the Kremlin says it is now open to “unconditional” one-on-one negotiations. However, Ukraine remains firm, having passed a law prohibiting direct talks with Putin following Russia’s 2022 annexation of four Ukrainian regions.
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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.
Report by Ajagbef. Like us on Facebook at..
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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