Ukrainian forces reported “partial success” in a counteroffensive backed by a fresh infusion of arms a day after President Vladimir Putin acknowledged Russian troops lack sufficient advanced weapons.
(Bloomberg) — Ukrainian forces reported “partial success” in a counteroffensive backed by a fresh infusion of arms a day after President Vladimir Putin acknowledged Russian troops lack sufficient advanced weapons.
“Our troops are moving in conditions of extremely severe fighting, enemy aviation and artillery advantage,” Ukrainian Deputy Defense Minister Hanna Malyar said on Telegram. The official said the Ukrainian military had advanced in some areas near the Russian-occupied city of Bakhmut as well as in the southern Zaporizhzhia region.
A delegation of African heads of state meanwhile is expected to arrive in Russia imminently for talks with Putin, the latest in a series of mediation efforts aimed at bringing an end to war. Russia is also ramping up a lobbying campaign to avoid new financial restrictions against money-laundering that may plunge its economy deeper into isolation over the war.
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Wheat is heading for its first decline in a week as Russia’s rising pace of exports muted supply concerns amid Putin’s latest threat to scuttle the Black Sea grain-export deal.
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