Business Maverick: Ukraine Latest: Western Officials See War Near Standstill

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Russia’s invasion of Ukraine is at a near-operational standstill, with neither side currently able to launch an offensive that would materially affect the course of the conflict, Western officials said.

As Russia’s invasion of Ukraine nears the six-month mark, explosions were reported at an ammunition depot in the Belgorod region of southwest Russia late Thursday. Ukraine’s air defense systems worked overnight in Kerch, close to key bridge between Crimea and Russia. A drone was shot down around Belbek Airbase, near Sevastopol in Crimea, Russian occupation authorities said. There were no claimed or assessed Russian territorial gains in Ukraine on Aug.

Around $2.4 billion worth of Ukrainian debt was protected by CDS contracts on a gross basis as of last month, according to data from the Depository Trust & Clearing Corporation. The maximum net payout would be around $220.7 million, it said. With both sides more conscious that they face a marathon rather than a sprint in a war already close to six months old, the tempo of the conflict has slowed, the officials said on condition of anonymity. They said the question now is whether Ukraine can generate a credible counter attack in the fall.

 

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