Defense Minister Sergei Shoigu inspected “remote Arctic garrisons” of Russia’s Northern Fleet and surveyed an historic nuclear testing site on the Novaya Zemiya archipelago with Alexey Likhachev, head of the Russian nuclear agency Rosatom, the ministry said on Saturday. It’s unclear when the visit, footage of which was shown on Russian media, took place. Russia also announced it had sent a detachment of warships from the Northern Fleet to the Arctic zone, including the anti-submarine ship “Vice-
(Bloomberg) — Defense Minister Sergei Shoigu inspected “remote Arctic garrisons” of Russia’s Northern Fleet and surveyed an historic nuclear testing site on the Novaya Zemiya archipelago with Alexey Likhachev, head of the Russian nuclear agency Rosatom, the ministry said on Saturday. It’s unclear when the visit, footage of which was shown on Russian media, took place. Russia also announced it had sent a detachment of warships from the Northern Fleet to the Arctic zone, including the anti-submarine ship “Vice-Admiral Kulakov” and the landing ship “Alexander Otrakovsky.”
Russia’s defense ministry said Crimea, the peninsula occupied by Moscow since 2014, was attacked by 20 drones overnight, with 14 taken down by air defense systems and another six “suppressed” by electronic means. No casualties or damage were reported; Ukraine hasn’t commented. Separately, Russia attacked Ukraine’s south with five Shahed drones, with three downed in the Zaporizhzhia region, Kyiv officials said.
Ukraine’s foreign minister repeated a call for longer-range missile donations from allies as Russian barrages continue, including four Kinzhal ballistic missiles on Friday aimed at military airfields in the nation’s west. President Volodymyr Zelenskiy fired all regional heads of military recruitment in what was seen as an effort to root out corruption.
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Markets
The Russian ruble extended its decline against the dollar and posted a fourth weekly decline, a trend that is likely to push inflation higher and may force interest rates up as well.
The US Department of Agriculture on Friday raised its estimate of Russian wheat exports for 2023-24; almost 25% of global wheat trade for the year will now stem from Russia.
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