(Bloomberg) — Ukraine President Volodymyr Zelenskiy made an urgent appeal to allies to supply additional air- and missile-defense systems that he said are crucial to repelling Russia’s invasion and preventing further disruption to food and energy supplies.
In Berlin, German Chancellor Olaf Scholz said Russia under Vladimir Putin represents “the biggest current threat” to NATO and accused the Kremlin leader of wanting to “establish Russia as an imperial power in Europe — with maps of the Czarist Empire or the Soviet Union in mind.”
Russia’s central bank delivered the smallest interest-rate cut since it started easing monetary policy after the invasion of Ukraine.
(See RSAN on the Bloomberg Terminal for the Russian Sanctions Dashboard.)
Key Developments
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Putin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing Tension
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Zelenskiy Says Russia Responsible for Grave Site Found in Izyum
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Russia Puts Rate Path in Doubt After Smallest Cut This Year
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Germany Tightens Control Over Industry With Russian Oil Grab
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Two-Man London Firm Scoops Up Russia Work Dumped by Big Banks
On the Ground
Over the past day, infrastructure in more than 30 towns and cities has been damaged by air and missile strikes, Ukraine’s General Staff said on Facebook. Ukrainian forces continued counteroffensive operations in the country’s east, increasingly pressuring Russian positions and logistics lines in Kharkiv, Luhansk, and Donetsk, according to the latest report by the Washington-based Institute for the Study of War. Russian and Ukrainian sources reported Ukrainian ground attacks northwest of Kharkiv, near the Ukrainian bridgehead over the Inhulets River, and south of the Kherson-Dnipropetrovsk border, the Institute said.
(All times CET)
Zelenskiy Says Russia Responsible for Izyum Mass Grave (3:10 p.m.)
Ukrainian President Volodymyr Zelenskiy said authorities had discovered hundreds of graves near Izyum, part of the territory liberated from Russian occupation this month, and demanded the Kremlin be held accountable for war crimes.
The Ukrainian leader raised fresh claims as his military pushes forward with a stunning counteroffensive in the northeastern Kharkiv region.
The Associated Press earlier reported on a grave site in a forested area, and cited a Ukrainian prosecutor saying some bodies showed signs of torture.
Estonia Wants Action on NATO’s Easten Flank (3 p.m.)
In a meeting with NATO Secretary General Jens Stoltenberg in Brussels on Friday, Estonian Defense Minister Hanno Pevkur called for rapid implementation of decisions made at the Madrid Summit this summer that would bolster the alliance’s eastern flank.
“For Estonia, the most important priority right now is the designation of an additional brigade by the UK and in connection with that the creation of a combat-ready division structure,” Pevkur said.
Russian Occupation Officials Killed in Multiple Attacks (1:16 p.m.)
Several occupation officials for Russian-held areas of Ukraine were killed in attacks on Friday, the latest wave of reprisals against collaborators.
A blast in the capital of the self-declared Luhansk People’s Republic killed the Russian-occupied territory’s top prosecutor and his deputy, according to Russia’s Investigative Committee. An explosion at Kherson’s regional administration killed and wounded a number of officials, Kirill Stremousov, deputy head of Russia’s occupation government there, said on Rossiya 24 television. State-run RIA Novosti reported the deputy mayor of Berdyansk, a city in the occupied part of Zaporizhzhia, was shot, along with his wife, an election official.
No-one has claimed responsibility for any of the attacks.
Pelosi Says Russia Must be Held Accountable (1 p.m.)
US House Speaker Nancy Pelosi said Russia must be held accountable for alleged atrocities committed during its invasion of Ukraine, including against children as well as “using rape as a weapon of war and hunger as a tool of war.”
Pelosi said during a visit to Berlin to meet Group of Seven counterparts that helping Ukraine “requires substantial security support, humanitarian assistance, economic assistance and sanctions, sanctions, sanctions to make sure” that Russia “feels the pain.”
Russia Delivers Smallest Rate Cut This Year (12:30 p.m.)
Russia’s central bank delivered the smallest interest-rate cut since it started easing monetary policy after the invasion of Ukraine as renewed risks to inflation prompt more caution while the economy contracts under the drag of sanctions.
Policy makers led by Governor Elvira Nabiullina lowered their benchmark to 7.5% from 8% on Friday. Nabiullina will hold a news conference at 3 p.m. in Moscow.
Ukraine Sees 4M Tons Agricultural Exports Via Corridor in October (11:58 a.m.)
Ukraine expects to export about 4 million tons of agricultural commodities by sea through its safe corridor in the Black Sea in October, Deputy Infrastructure Minister Yuriy Vaskov said in a television interview Friday.
Supplying Defensive Weapons Acceptable, Pope Says (8 a.m.)
Providing Ukraine with weapons for self-defense is morally acceptable, Pope Francis was quoted as saying in Italian media.
Self-defense is lawful and an “expression of love for the motherland,” but any decision to arm Ukraine could be considered immoral “if taken with the aim of provoking more war,” the head of the Catholic Church told reporters during a flight.
US Earmarks Another $600 Million in Military Aid (4 a.m.)
The latest US aid, which President Joe Biden announced in a memorandum to Secretary of State Antony Blinken, would mark the 21st time the administration has drawn down US inventories to send weaponry to Ukraine since September 2021.
The $600 million in assistance includes ammunition for the Himars rocket systems, 1,000 “precision-guided” artillery shells, 36,000 additional shells and mine-clearing equipment, according to a Defense Department press release.
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