Tag: crisis

LIVE 3/14, at 10:30 AM ET: Fed Tries to Stop Unfolding Bank Crisis; Illegal Immigrants Cost US Health Care System Billions per Year

The Federal Reserve and the Biden administration are attempting to stop the unfolding crisis on America’s banks. Despite new measures taken to ensure that depositors are able to get money from troubled banks, upsets in the stock market and problems threatening regional banks suggest the crisis isn’t over. Meanwhile, Republicans are calling for U.S. military…


Kremlin Doubts Nord Stream Attacks Could Have Happened Without State Support

MOSCOW—The Kremlin said on Thursday it doubted the attacks on the Nord Stream pipelines last September could have been carried out without state support. Kremlin spokesman Dmitry Peskov’s comments came after the New York Times this week reported that U.S. officials were looking into whether a pro-Ukrainian non-government group was responsible for the blasts. “As…


Kyiv Says Forces Are Holding on in ‘Hellish’ Bakhmut Battle

KYIV—Kyiv said on Monday its troops were still holding out in a “hellish” fight for Bakhmut, while Washington said that even if the eastern Ukrainian city should fall to a Russian offensive, it would not necessarily give Moscow momentum in the war. In the latest sign of a feud between Russia’s military and the Wagner…


Russia Close to Encircling Ukraine’s Bakhmut After Months of Fighting

CHASIV YAR, Ukraine—Russian artillery pounded the last routes out of Bakhmut on Friday, aiming to complete the encirclement of the besieged Ukrainian city and bring Moscow closer to its first major victory in half a year. The head of Russia’s Wagner private army said the city was almost completely surrounded with only one road still…


Russian Mercenary Chief Says Ukraine’s Bakhmut Is Practically Surrounded

Yevgeny Prigozhin, the founder of Russia’s Wagner mercenary force, said in a video published on Friday that the Ukrainian city of Bakhmut was “practically surrounded” by his forces and that Kyiv’s forces had only one road left out. Prigozhin’s men have spearheaded the assault in eastern Ukraine for months. Moscow regards Bakhmut, which it calls…


Ukraine Clings to Bakhmut; Russia Says It Battles Saboteurs in Cross-Border Raid

CHASIV YAR, Ukraine—Ukrainian forces hung on to positions in the ruined eastern city of Bakhmut on Thursday, while Moscow said its security forces had battled Ukrainian saboteurs who had taken hostages in a cross-border raid. Russia’s FSB security force said the situation was now “under control” in Bryansk Province just north of the Ukrainian border….


Ukraine Official: Forces May Pull Out of Key Eastern City

KYIV, Ukraine—The Ukrainian military might decide to pull troops back from the key stronghold of Bakhmut, an adviser to Ukraine’s president said Wednesday as Russia pursued a months-long offensive to capture the city. “Our military is obviously going to weigh all of the options. So far, they’ve held the city, but if need be, they…


Russians Tighten Noose on Ukraine’s Bakhmut, Putin Warns of Western Espionage

KYIV—Russian forces on Tuesday pressed forward their weeks-long drive to encircle and capture the eastern Ukrainian city of Bakhmut where the commander of Ukraine’s ground forces described the situation as “extremely tense.” Capturing Bakhmut, scene of some of the war’s bloodiest battles, would open the way for Russia for taking the last remaining urban centers…


Zelenskyy Fires a Top Ukrainian Military Commander, No Reason Given

Ukrainian President Volodymyr Zelenskyy on Sunday fired a senior military commander helping lead the fight against Russian troops in the country’s embattled east but gave no reason for the move. In a one-line decree, Zelenskyy announced the dismissal of Eduard Moskalyov as commander of the joint forces of Ukraine, which are engaged in battles in…


Russia’s Medvedev Floats Idea of Pushing Back Poland’s Borders

LONDON—Former Russian president Dmitry Medvedev said on Friday that the only way for Moscow to ensure a lasting peace with Ukraine was to push back the borders of hostile states as far as possible, even if that meant the frontiers of NATO member Poland. Medvedev, who is now deputy chairman of Russia’s Security Council, made…