“I think this is going to catch markets off guard quite substantially,” Marenzi told CNBC’s “Squawk Box Europe.” Marenzi said people were focusing on profits, inflation and Bitcoin rather than conflict. Marenzi also said there was an “absurd exuberance” following the release of US inflation data.
Russia says its forces have completed their withdrawal from Kherson
Russian Defense Minister Sergei Shoigu attends a meeting with President Vladimir Putin at the state residence Novo-Ogaryovo, outside Moscow, Russia, October 28, 2022. Michael Metzel | Sputnik | Reuters Russian forces have completed their rapid withdrawal from Ukraine’s southern Kherson region, the Russian Defense Ministry announced. Western and Ukrainian leaders and analysts had expected the withdrawal, involving tens of thousands of men, to take much longer. Russian Defense Minister Sergei Shoigu ordered the withdrawal on Wednesday as Ukrainian forces continued their steady advance into the territory, which is the only provincial capital Moscow has captured since the war began. Russian President Vladimir Putin declared Kherson annexed in late September, a move illegal under international law, and the Kremlin says it is “still part of Russia.” All Russian forces and equipment were moved to the east bank of the Dnieper River and the withdrawal was completed by 5:00 AM. Moscow time, the Ministry of Defense announced. “The transfer of Russian military units to the left bank of the Dnipro River has been completed. There is not a single unit of military equipment or weapons left on the right (western) bank. All Russian soldiers have moved to the left bank,” the ministry said in a statement. Defense. He added that Russia did not lose any men or equipment during the withdrawal. Ukrainian officials and some analysts remain skeptical of the Russian retreat, warning that some kind of trap or dangers, such as mines, could be left behind. Kherson regional authorities have instructed residents to stay indoors while they search for any remaining Russian soldiers. — Natasha Toorak
The city of Kherson is almost under the control of Ukrainian forces, a council member says
The southern Ukrainian city of Kherson is almost completely under the control of Ukrainian forces, a member of the Kherson regional council said according to Sky News, which published a photo of the Ukrainian flag being raised in the city center by civilians. Local Ukrainian authorities have told residents of Kherson to stay in their homes while Ukrainian forces search for any remaining Russian soldiers in the area. Anton Gerashchenko, adviser to Ukraine’s interior minister, quoted local journalist Kostiantyn Ryzhenko as saying: “The resistance movement sends its greetings. Slava Ukraini. The picture is timely.” — Natasha Toorak
Kyiv remains skeptical of Russia’s intentions to withdraw from Kherson
The Ukrainian Armed Forces continue their move towards the Kherson front in Ukraine on November 9, 2022. Anadolu Agency | Anadolu Agency | Getty Images While some in Ukraine and the West are cheering Russia’s recently announced withdrawal from Ukraine’s Kherson, the only provincial capital they have captured, officials in Kyiv remain skeptical, with some fearing it could be a trap. Ukraine’s presidential adviser Mykhailo Podolyak said on Wednesday that it was still too early to talk about withdrawing Russian troops from the region, and warned on Thursday that Russia plans to turn Kherson into a “city of death” for incoming Ukrainian forces. Military analysts have noted the possibility that Russian forces could lay mines in the area as they retreat and bring Ukrainian troops into a position where they can attempt to target them with artillery from across the Dnieper River. — Natasha Toorak
General Mark Milley sees Russia’s Kherson Peninsula retreat as an opportunity for potential negotiations
The United States’ top general sees potential for diplomatic talks between Russia and Ukraine as Russian forces withdraw from southern Ukraine’s Kherson region, which Moscow illegally annexed just six weeks ago. Gen. Mark Milley, chairman of the Army Joint Chiefs of Staff, told CNBC in an interview Thursday that “we don’t know what the future holds, but we think there is some potential here for some diplomatic solutions.” He also said separately, speaking in New York, that the withdrawal of Russia, which is suspected of preparing for a spring offensive, and the G-20 summit next week are a “window of opportunity for negotiation.” However, the view has not been explicitly endorsed by the White House. President Joe Biden said Wednesday: “It remains to be seen whether or not a judgment will be made on whether or not Ukraine is ready to come to terms with Russia.” And Biden’s national security adviser, Jake Sullivan, said Thursday that “it’s ultimately up to the Ukrainians” to decide on the right timing for any talks. — Natasha Toorak
Russia’s withdrawal from Kherson will be dangerous for both sides
Damaged buildings pictured on November 9 in Arkhanhelske, a recently liberated village in Ukraine’s Kherson province. Nurphoto | Nurphoto | Getty Images Russia’s withdrawal from a large chunk of Kherson in southern Ukraine is likely to pose risks to both sides of the war, analysts say. The withdrawal is likely to pose major challenges for both the Russians – as they withdraw from the region – and Ukrainian troops as they try to retake the city of Kherson and the surrounding area. “The battle for the Kherson is not over, but Russian forces have entered a new phase – prioritizing the withdrawal of their forces across the river and delaying Ukrainian forces, rather than seeking to stop the Ukrainian counteroffensive altogether.” analysts at the Study of War Institute noted on Wednesday afternoon. Read more here. — Holly Elliott
The US ambassador to the UN sends Russia a strong warning against nuclear escalation
New U.S. Ambassador to the United Nations Linda Thomas-Greenfield speaks after meeting with U.N. Secretary-General Antonio Guterres at the United Nations on February 25, 2021 in New York. Angela Weiss | AFP | Getty Images America would unleash the full force of its response if Russia carried out its “horrendous” threats of a nuclear strike against its enemies, the US ambassador to the United Nations has warned. Speaking to NBC News at an IDP center in Irpin, a town west of Kiev, Linda Thomas-Greenfield called Russian President Vladimir Putin’s threats to use tactical nuclear weapons “irresponsible.” “They deny they would do such a thing, but we know Russia is capable of lying. We take their threats seriously,” he said. “And we have sent them a message both privately and directly that if they take such a step, they will be held accountable.” Thomas-Greenfield said it was “out of the question” that Russia would use such weapons, but added that “if they make that mistake, they can be sure the whole world will turn against them.” “They’re still making threats. And like I said, we take those threats seriously,” he said. Read more at NBC News.
No plans to meet with Russians at G20 summit, White House says
U.S. National Security Adviser Jake Sullivan answers questions during the daily briefing at the White House on May 18, 2022 in Washington, DC. Win Mcnamee | Getty Images The White House said President Joe Biden does not plan to meet with Russian Foreign Minister Sergei Lavrov on the sidelines of the G20 summit. Lavrov will lead the Russian delegation after Russian President Vladimir Putin will not attend the international forum in Bali, Indonesia. Ukrainian President Volodymyr Zelenskyy, who has not left his country since Russia invaded in late February, will address the G20 summit via video conference. — Amanda Macias
Pictures show damaged equipment at a high-voltage substation of operator Ukrenergo after a missile attack in central Ukraine
Pictures show damaged equipment at a high-voltage substation of operator Ukrenergo after a missile attack in central Ukraine amid Russia’s invasion of Ukraine. Workers work on damaged equipment at a high-voltage substation of operator Ukrenergo after a missile attack, in central Ukraine on November 10, 2022 amid Russia’s invasion of Ukraine. Genya Savilov | AFP | Getty Images A picture shows damaged equipment at a high-voltage substation of operator Ukrenergo after a missile attack, in central Ukraine, on November 10, 2022 amid Russia’s invasion of Ukraine. Genya Savilov | AFP | Getty Images A picture shows damaged equipment at a high-voltage substation of operator Ukrenergo after a missile attack, in central Ukraine, on November 10, 2022 amid Russia’s invasion of Ukraine. Genya Savilov | AFP | Getty Images A worker walks past damaged equipment at a high-voltage substation of operator Ukrenergo after a missile attack, in central Ukraine, on November 10, 2022 amid Russia’s invasion of Ukraine. Genya Savilov | AFP | Getty Images A picture shows damaged equipment at a high-voltage substation of operator Ukrenergo after a missile attack, in central Ukraine, on November 10, 2022 amid Russia’s invasion of Ukraine. Genya Savilov | AFP | Getty Images — Genya Savilov | AFP | Getty Images
Biden to raise concerns about Xi’s relationship with Putin ahead of G-20 summit
The US government has introduced some of its most sweeping export controls aimed at cutting China off from advanced semiconductors. Analysts said the move could hamper China’s domestic chip industry. Mandel Ngan | AFP | Getty Images President Joe Biden is expected to discuss Russia’s war in Ukraine with Chinese President Xi Jinping next week face-to-face…
