Since then, EU officials have been debating whether the sanctioned assets could somehow be deployed to reconstruct Ukraine when the war finally ends, however no concrete policy proposals have been tabled. Western countries have frozen roughly $315 billion worth of Russia’s foreign exchange reserves in response to its invasion of Ukraine. “We have the money in our pockets, and someone has to explain to me why it is good for the Afghan money and not good for the Russian money,” he continued, referring to the United States’ decision to use $7 billion in frozen assets from Afghanistan’s central bank to provide humanitarian aid inside the country and compensate victims of terrorism after the Taliban seized power. “I would be very much in favor because it is full of logic,” Borrell said when asked by the FT whether frozen Russian reserves could help finance Ukraine’s reconstruction effort once the war ends. He said it was impossible to completely dismantle the wreckage of damaged buildings in Bilohorivka - where a school sheltering civilians was hit at the weekend - or Shypilovo. Serhiy Hayday, head of the Luhansk region military administration, said rescuers had lost contact with 11 people hiding in a basement in Shypilovo. Luhansk: On the Luhansk front, the increase in Russian shelling has caused more civilian casualties and hampered rescue operations. Over the past month, the Russians have made modest gains in the area but have taken no settlement of any consequence. The general staff says it expects the Russians to resume an offensive towards the village of Sulyhivka as they try to make progress from the Izium area. In other parts of the region, it says, "the enemy has increased its firepower and is trying to break through the defenses of our troops."Įven so, it says, Russian forces remain "focused on the regrouping of units, replenishment of ammunition, fuel, maintenance of previously occupied positions." Read more about Vladimir Putin's focus on this year's ceremony here: The parade is expected to begin at 10 a.m. In the ground portion of the parade, 131 weapons systems - including intercontinental ballistic missile launchers and T-72, T-90 and T-14 tanks - will be shown, the ministry said. The parade's aerial portion will also include an Il-80 airborne strategic command and control aircraft, also known as a "doomsday plane" for its ability to be used as an airborne command center in the event of nuclear war. The letter “Z” has become the symbol for the war, which Russia calls a “special military operation,” and it has been emblazoned on most Russian military vehicles operating in Ukraine. This year's Victory Day parade in Russia - marking the 77th anniversary of the Soviet Union defeating Nazi Germany in World War II - is expected to feature 77 aircraft flying over Red Square in Moscow, the Russian Defense Ministry said in a report on the state-run TASS news agency.Īmong those aircraft will be eight MiG-29 fighters flying in a “Z” formation to show support for Russian troops fighting in Ukraine, the ministry said, according to the report. Russian MiG-29SMT jet fighters forming the symbol "Z" fly over Red Square during rehearsal for the Victory Day military parade in central Moscow, Russia, on May 7.
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