The Time for a ‘Global Euro’ Is Now, Says ECB President Christine Lagarde
European Central Bank President Christine Lagarde has called on Europe to take advantage of a unique moment to elevate the euro’s status on the global stage
Russian President Vladimir Putin stated on Thursday that the Ukraine conflict is escalating into a global confrontation, accusing the United States and Britain of enabling Ukraine to attack Russian territory with their weapons. He warned that Moscow could retaliate against those who supply arms used against Russia. In response to these developments, Russia has deployed a new type of hypersonic medium-range ballistic missile, striking a Ukrainian military facility, and hinted at potential future strikes, with civilians to be warned in advance.
Putin emphasized that Ukraine's use of U.S.-made ATACMS and British Storm Shadow missiles, along with U.S.-provided HIMARS, marked a turning point in the conflict. According to him, Ukraine launched these attacks on Nov. 19 and Nov. 21, following approval from the administration of U.S. President Joe Biden. The strike with ATACMS, he claimed, caused no significant damage, but a Storm Shadow missile attack on Russia’s Kursk region reportedly targeted a command center, resulting in casualties.
Speaking in a televised address to the nation, Putin stated that the conflict had evolved from a regional crisis to a global one, provoked by the West. He accused the United States of pushing the world toward broader conflict and vowed that Russia would respond decisively if further aggressive actions were taken. "We consider ourselves entitled to use our weapons against military facilities in countries enabling attacks on our own facilities," Putin said, adding that any doubts about Russia’s willingness to retaliate were misplaced.
The Russian leader revealed that Moscow had tested a new medium-range hypersonic ballistic missile, dubbed "Oreshnik" (Hazel), by targeting a defense facility in the Ukrainian city of Dnipro. The site, home to the Pivdenmash missile and space rocket enterprise, known as Yuzhmash in Russia, was successfully struck, according to Putin. He noted that the missile is part of Russia’s efforts to counter U.S. plans to produce and deploy similar weapons in Europe and the Far East, an issue stemming from the collapse of the 1987 Intermediate-Range Nuclear Forces (INF) Treaty.
Putin criticized the United States for its withdrawal from the INF Treaty in 2019, a move justified by Washington with accusations of Russian violations, which Moscow denies. He highlighted that Russia had imposed a unilateral moratorium on deploying intermediate-range and shorter-range missiles but warned that future actions would depend on Western moves. "Russia voluntarily refrained from deploying such weapons until the U.S. introduced them elsewhere," he said.
Russia currently controls 18% of Ukrainian territory, including Crimea, annexed in 2014, and significant portions of the Donetsk, Luhansk, Zaporizhzhia, and Kherson regions. Ukraine and its Western allies view Russia’s actions as an imperialist attempt to seize sovereign territory and have voiced concerns about potential future aggression against NATO members if Russia emerges victorious in Ukraine. However, Putin dismissed suggestions that the Ukrainian attacks using Western-supplied weapons could alter the course of the ongoing military operations, reiterating Moscow’s commitment to its objectives.
On June 12, Ukraine’s General Staff announced a significant milestone in the war with Russia - over one million Russian troops have been killed or wounded since the start of the full-scale invasion
U.S. Secretary of State Marco Rubio extended congratulations to the Russian people on the occasion of Russia Day, marked annually on June 12
U.S. President Donald Trump spoke with Russian leader Vladimir Putin for over an hour on June 4, following Ukraine’s large-scale drone assault on Russian military airfields
The United Kingdom has officially started preparing for a possible military conflict with Russia
On June 1, the Security Service of Ukraine (SSU) carried out a large-scale drone attack on Russian airfields deep inside Russia, reportedly destroying over 40 strategic bombers
On June 1st, Russia blamed Ukraine for a train derailment in Bryansk Oblast
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe