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Romania's Political Elite Loses Support Before Presidential Vote

Romania's Political Elite Loses Support Before Presidential Vote

Bloomberg28-01-2025

Romania's ruling parties lost ground ahead of a re-scheduled presidential ballot, with the latest poll showing support for the front-runner far-right candidate as well as the independent mayor of the capital.
Calin Georgescu, the fringe pro-Russian candidate who shocked the political establishment last year by winning the first round of the now-annulled presidential election, would get 37% of the votes, according to a CURS poll published on Tuesday.

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Western firms reportedly paid at least $46 billion in taxes to Russia amid full-scale war in Ukraine
Western firms reportedly paid at least $46 billion in taxes to Russia amid full-scale war in Ukraine

Yahoo

time22 minutes ago

  • Yahoo

Western firms reportedly paid at least $46 billion in taxes to Russia amid full-scale war in Ukraine

Western companies have paid at least 40 billion euros ($46 billion) in taxes to Russia over the past three years, according to an investigation by investigative outlet Follow the Money published on June 10. This figure represents almost one-third of Russia's defense budget for 2025. Seventeen of the 20 largest foreign corporate taxpayers in Russia come from G7 and EU countries, Ukraine's main international supporters, the investigative outlet wrote, citing an earlier report by the Kyiv School of Economics (KSE) and the B4Ukraine association. Foreign firms still operating in Russia represent a crucial lifeline for Russia's war chest amid Western sanctions and skyrocketing war expenditures. Earlier reports by KSE said that only 472 of over 4,000 foreign companies have withdrawn from Russia after the outbreak of the full-scale war in Ukraine in 2022, while 1,360 have scaled down their operations. Austrian bank Raiffeisen remains the largest European payer of corporate taxes in Russia, with 457 million euros ($522 million) paid only in 2023. Philip Morris tobacco company, PepsiCo, UniCredit Bank, Mars, and other Western business giants have also continued filling Russian coffers, even though Western governments have donated some $170 billion in military aid to Ukraine to face Russian aggression, according to the investigation. The firms provided various explanations for their continued presence in Russia. Some argued that their products are essential for Russian consumers, while others cited concern for the safety of their employees, the outlet reported. Follow the Money also noted that Russia makes it difficult for companies to exit its market, for example, by allowing them to sell their assets only at extremely low prices. Companies that have decided to leave the market reportedly had to pay over $170 billion in write-offs and exit taxes. Russia has previously directly seized assets of some companies that had remained in the country. Russian President Vladimir Putin called for punitive action against Western companies still operating in Russia, saying they must be "strangled" in response to what he described as Western attempts to suffocate the Russian economy. Despite the rhetoric, Russia continues to explore paths for re-engagement with foreign businesses. In February, Putin instructed his government to prepare for the eventual return of Western firms. Still, no formal requests have been received from companies seeking re-entry, according to Dmitry Medvedev, deputy chairman of Russia's Security Council and former president. Read also: Key to Russia's potential defeat lies in its economy We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.

Israeli Foreign Ministry denies sending Patriot systems to Ukraine amid conflicting claims
Israeli Foreign Ministry denies sending Patriot systems to Ukraine amid conflicting claims

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Israeli Foreign Ministry denies sending Patriot systems to Ukraine amid conflicting claims

Israel has not transferred any Patriot air defense systems to Ukraine, the Israeli Foreign Ministry told Israeli news outlet Ynet on June 10, refuting earlier claims made by its own ambassador in Kyiv. "Israel has not transferred such systems to Ukraine," the Israeli Foreign Ministry told Ynet in a statement. The denial contrasts with statements made by Israeli Ambassador to Ukraine Michael Brodsky, who said in a recent interview that Israel had agreed to transfer retired Patriot missile systems — originally supplied by the U.S. in the 1990s — to Ukraine. "The Patriot systems that we once received from the United States are now in Ukraine," Brodsky said in an interview with Ukrainian blogger Marichka Dovbenko. "When people say that Israel did not help militarily, that is not true." Kyiv has consistently pressed Western partners to bolster Ukraine's air defenses, warning that its current capabilities are insufficient to counter the scale of Russian missile and drone assaults. The Patriot system, a U.S.-made surface-to-air missile platform, is widely recognized for its high-precision detection, tracking, and interception of aircraft, cruise, and ballistic missiles. Ukrainian Foreign Ministry spokesperson Heorhii Tykhyi has neither confirmed nor denied the delivery of Israeli Patriots to Ukraine. "We welcome signals from Israel about its readiness to provide military assistance," Tykhyi said at a press briefing. Join our community Support independent journalism in Ukraine. Join us in this fight. Support Us The Kyiv Independent contacted the Israeli Embassy in Ukraine, the Israeli Foreign Ministry, and Ukraine's Presidential Office for comments but has yet to receive a response. According to a May 4 reporting by the New York Times, which cited four current and former U.S. officials, at least one Patriot system that was previously deployed in Israel will be refurbished and sent to Ukraine. It remains unclear what U.S. President Donald Trump's stance is on the decision or whether the move was initiated before he took office, during former President Joe Biden's administration. President Volodymyr Zelensky has repeatedly underscored Kyiv's urgent need for more air defenses. Speaking to CBS News in April, he said Ukraine is prepared to buy 10 Patriot batteries for $15 billion to protect densely populated areas. "We will find the money and pay for everything," Zelensky said, emphasizing Ukraine's intention to buy additional systems, rather than requesting them for free. Despite Kyiv's appeals, Trump dismissed the request on April 14, accusing Zelensky of "always looking to purchase missiles." Russia has carried out near-nightly aerial assaults in recent weeks. On June 9, Ukraine's Air Force said Russia launched 499 aerial weapons in a record overnight attack. Ukraine has expressed solidarity with Israel following the deadly Hamas terrorist attack on October 7, 2023, condemning the violence and affirming its support for Israel's right to defend itself. Read also: In one of largest attacks on Ukraine's capital, Russian barrage hits Kyiv, Odesa, kills 3, injures 12 We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.

Russia launches another large-scale drone and missile attack on Ukraine, killing 3 and wounding 13
Russia launches another large-scale drone and missile attack on Ukraine, killing 3 and wounding 13

Hamilton Spectator

time25 minutes ago

  • Hamilton Spectator

Russia launches another large-scale drone and missile attack on Ukraine, killing 3 and wounding 13

KYIV, Ukraine (AP) — Russia attacked two Ukrainian cities with waves of drones and missiles early Tuesday, killing three people and wounding at least 13 in what President Volodymyr Zelenskyy called 'one of the biggest' strikes in the 3-year-old war. The attack struck Kyiv and the southern port city of Odesa. In an online statement, Zelenskyy said that Moscow's forces fired over 315 drones, most of them Shaheds, and seven missiles overnight. 'Russian missile and Shahed strikes are louder than the efforts of the United States and others around the world to force Russia into peace,' Zelenskyy wrote, urging 'concrete action' from the U.S. and Europe in response to the attack. A maternity hospital and residential buildings in the southern port of Odesa were damaged in the attack, regional head Oleh Kiper said. Two people were killed and nine injured, according to the regional prosecutor's office. Another person was killed in Kyiv's Obolon district, regional head Tymur Tkachenko wrote on Telegram. 'Russian strikes are once again hitting not military targets but the lives of ordinary people. This once again shows the true nature of what we are dealing with,' he said. Explosions and the buzzing of drones were heard around the city for hours. Attacks continue despite talks but POWs swapped The fresh attacks came a day after Moscow launched almost 500 drones at Ukraine in the biggest overnight drone bombardment in the war. Ukrainian and Western officials have been anticipating a Russian response to Kyiv's audacious June 1 drone attack on distant Russian air bases. Russia has been launching a record-breaking number of drones and missiles in recent days, despite both sides trading memoranda during direct peace talks in Istanbul on June 2 that set out conditions for a potential ceasefire. However, the inclusion of clauses that both sides see as nonstarters make any quick deal unlikely, and a ceasefire, long sought by Kyiv, remains elusive. The only tangible outcome of the talks has been in the exchange of prisoners of war, with a swap that began Monday for soldiers aged between 18 and 25. Amina Ivanchenko was reunited Monday with her husband, a POW for 18 months, and she thanked Ukrainian officials for supporting her. 'My struggle was much easier thanks to them. Our country will definitely return everyone. Glory to Ukraine! Thank you!' Anastasia Nahorna waited in the Chernyhiv region to see if her husband, who has been missing for eight months, was among those being released in the latest swap. 'This pain is more unbearable every day,' she said. 'I really want to hear some news, because since the moment of his disappearance, unfortunately, there has been no information. Is he alive? or maybe in captivity? Has someone seen him?' she asked. Anna Rodionova, the wife of another Ukrainian POW, also was waiting. 'I just want him to come back soon and for this to all be over,' she said. 'We are tired of waiting, we come every exchange and he is not there.' A similar exchange also was announced for the bodies of fallen soldiers held by both sides, although no schedule has been released. Asked to comment on the exchange of bodies with Ukraine, Kremlin spokesman Dmitry Peskov said it was unclear when it could take place and how many bodies Ukraine would hand over. He again accused Kyiv of dragging its feet on the exchange. 'There is one unarguable fact, we have had trucks with bodies standing ready for it on the border for several days,' he told reporters. Kyiv residents seek shelter Plumes of smoke rose in Kyiv as air defense forces worked to shoot down drones and missiles Tuesday. Meanwhile, residents took shelter and slept in metro stations during the long attack. Nina Nosivets, 32, and her 8-month-old son, Levko, were among them. 'I just try not to think about all this, silently curled up like a mouse, wait until it all passes, the attacks. Distract the child somehow because it's probably the hardest thing for him to bear,' she said. Krystyna Semak, 37, said the explosions frightened her and she ran to the metro at 2 a.m., carrying a rug. Fires broke out in at least four Kyiv districts after debris from downed drones fell onto residential buildings and warehouses, according to the Kyiv City Military Administration. 'I was lying in bed, as always hoping that these Shaheds would fly past me, and I heard that Shahed (that hit the house),' said Vasyl Pesenko, 25, standing in his damaged kitchen. 'I thought that it would fly away, but it flew closer and closer and everything blew away.' The attack sparked 19 fires across Ukraine, Interior Minister Ihor Klymenko wrote on Telegram. 'Russia must answer for every crime it commits. Until there is justice, there will be no security. For Ukraine. And for the world,' he said. Death toll from recent attacks rises The Russian Defense Ministry said an attack early Tuesday targeted arms plants in Kyiv, as well as military headquarters, troops locations, air bases and arms depots across Ukraine. 'The goals of the strikes have been achieved, all the designated targets have been hit,' it said in a statement. The death toll from previous Russian strikes also rose Tuesday. In Kharkiv, rescuers found a body under the rubble of a building that was hit in an attack Saturday, Mayor Ihor Terekhov wrote on Telegram. The discovery brought the number of casualties there to five, with five others potentially under the debris, Terekhov said. Meanwhile, in the northern city of Sumy, a 17-year-old boy died of his injuries Tuesday after a June 3 attack, acting Mayor Artem Kobzar wrote on Telegram. It brought the number killed in the attack to six. Airports close amid strikes on Russia The Russian Defense Ministry reported downing 102 Ukrainian drones over Russian regions and Crimea, the Black Sea peninsula Moscow illegally annexed from Ukraine in 2014. The drones were downed both over regions on the border with Ukraine and deeper inside Russia, including central Moscow and Leningrad regions, according to the Defense Ministry. Because of the drone attack, flights were temporarily restricted at multiple Russian airports, including all four in Moscow and the Pulkovo airport in St. Petersburg, the country's second-largest city. —— AP journalist Illia Novikov contributed. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? 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