Significant developments in Russia-Ukraine war

Screengrab-from-ISW-Interactive-Map-on-Russian-Ukraine-War

Important Takeaways:

  • Ukrainian ground troops and mechanized forces crossed the international border, advancing over 30 kilometers into Russian territory in one of the most significant developments in the ongoing war between the two countries.
  • Russia has announced a “federal emergency” and has scrambled troops to defend the area.
  • Vladimir Putin has called the incursion a “large-scale provocation” by Kyiv, and Russia’s top general has vowed to crush it.
  • The new frontline in Russia is far from other areas where intense fighting has taken place since the war began.
  • US National Security Council spokesman John Kirby said “Nothing has changed about our policy” and Ukraine can use US-supplied weapons only “to target imminent threats just across the border”.

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Hungary’s Viktor Orban meets Trump for ‘peace mission 5.0’

Hungarian-Prime-Minister-Viktor-Orban-meets-Donald-Trump

Important Takeaways:

  • Orban, a longtime Trump supporter, also visited Kyiv, Moscow and Beijing in the past two weeks on a self-styled ‘peace mission’ to end the Russia-Ukraine war which has angered Hungary’s NATO allies.
  • Orban’s so-called peace initiative has irked many members of the European Union, whose rotating presidency Hungary took over at the start of this month.
  • Hungary’s Viktor Orban has met with former US President Donald Trump at his Mar-a-Lago home in Florida where they discussed the “possibilities of peace”, the latest stop in the prime minister’s solo run to secure a ceasefire in the Russia-Ukraine war.
  • “It was an honor to visit President [Donald Trump] at Mar-a-Lago today. We discussed ways to make peace. The good news of the day: he’s going to solve it!” Orban said on X.
  • On Friday, Germany’s foreign ministry said Orban had already caused damage in the first 12 days of his country’s rotating EU presidency.
  • Ukrainian President Volodymyr Zelenskyy, who said he was not informed by Orban of his onward trip to Russia, has dismissed the prime minister’s ambition of playing the peacemaker.

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Mayor of Mariupol estimates 21,000 civilians have been killed in the city since the start of the invasion

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Russia-Ukraine war: 21,000 civilians killed, Mayor of Mariupol estimates
  • The mayor of the Ukrainian city of Mariupol said on Tuesday the latest estimate was that about 21,000 civilian residents of the port city had been killed since the start of Russia’s invasion.
  • Poisonous substance allegedly used in Mariupol
    • A soldier from the Azov Brigade posted on Telegram what he had witnessed in the besieged city, supporting allegations that chemical substances were used in Mariupol.
    • The main symptoms they experienced were facial hyperemia (increased blood flow), high blood pressure, and dryness and inflammation of the fauces (the arched opening at the back of the mouth) and mucous membranes of the eyes.
    • “We are working urgently with partners to verify the details. Any use of such weapons would be a callous escalation in this conflict and we will hold Putin and his regime to account.”
  • Russian President Vladimir Putin is scheduled to meet Belarussian President Alexander Lukashenko on Tuesday to discuss the situation in Ukraine and Western sanctions, news agencies in the two countries reported. Belarus is a key staging area for Russian forces.

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Aldi’s to raise their prices 20 to 50%

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • German retailer Aldi Nord to raise prices by 20-50% on Monday
  • Meat, sausage products, butter to be more expensive amid rising production, energy costs due to Russia-Ukraine war, says spokesman
  • “Since the beginning of the war in Ukraine, we’re witnessing jumps in purchase prices that we have not experienced in this way before,” said spokesman Florian Scholbeck.
  • Meanwhile, the German Retail Federation (HDE) has warned that the price hikes are likely to continue in the coming days in almost all supermarkets due to the effects of Russia’s war on Ukraine and increase in energy costs.

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Stock Market Continues to Decline

Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Dow drops nearly 800 points as market turmoil continues from Russia-Ukraine war, inflation fears
  • Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy and raise inflation.
  • The Dow Jones Industrial Average lost 797.42 points to close at 32,817.38, dragged down by a nearly 8% loss in American Express
  • The S&P 500 declined close to 3% to 4,201.09, falling deeper into correction territory. The 500-stock average sits more than 12% from its record close.
  • The Nasdaq Composite lost 3.6% to 12,830.96, and now sits in bear market territory, more than 20% from its all-time close.

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