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Morning Headlines

Reuters: Donald Trump said both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace in separate phone calls with him on Wednesday, and Trump ordered top U.S. officials to begin talks on ending the war in Ukraine.

Reuters: China has floated a proposal to hold a summit between Russian President Vladimir Putin and U.S. President Donald Trump to help end the Ukraine war, the Wall Street Journal reported.

Reuters: European powers, including Britain, France and Germany, said on Wednesday they had to be part of any future negotiations on the fate of Ukraine, underscoring that only a fair accord with security guarantees would ensure lasting peace.

More News

Reuters: Russian-linked online disinformation networks are spreading faked spy agency warnings of terrorist attacks in Germany ahead of this month's election in an apparent attempt to sow fear and depress voter turnout, cybersecurity experts say.

Politico: High-stakes negotiations that could decide the future of Eastern Europe must include Ukraine, top European diplomats have warned, after Trump and Putin agreed to hold talks.

The Swiss government approved a CHF 1.5 billion (EUR 1.58 billion) aid programme for Ukraine on Wednesday. The funds will be used for the restoration and development of Ukraine for the period 2025-2028.

The UK has announced the allocation of a new defense aid package to Ukraine, which will include tanks, artillery, missiles and other types of weapons, as well as contracts for the maintenance of previously supplied equipment.

Reuters: President Volodymyr Zelenskiy said Ukraine would need the U.S. to help it build up an army as big as that of Russia to serve as a "Plan B" if his country is not admitted into the North Atlantic Treaty Organization.

Politico: Russian intelligence agencies are relying more on cybercriminal groups loyal to the Kremlin to support the country's disruption campaigns in Ukraine, Google said in a new report.

RFI: The United States is releasing Russian cryptocurrency kingpin Alexander Vinnik as part of an exchange deal that saw Moscow free US teacher Marc Fogel a day earlier, a White House official said Wednesday.

BBC: A senior figure in Ukraine's intelligence service (SBU) has been arrested on suspicion of working as a Russian agent.

Politico: Russia's military expenditure is rising so fast that it is outperforming all European countries combined despite their effort to boost budgets and rearm, according to the International Institute for Strategic Studies’ latest Military Balance report released Wednesday.

Reuters: Russia has what it needs to fight on in Ukraine for at least another year and retains the battlefield initiative, but is struggling to replace its destroyed tanks, experts at a leading security research organisation said on Wednesday.

Switzerland followed the European Union in adopting a new package of sanctions the bloc has imposed against Russia, including measures against Russian courts.

BBC: European nations must provide the "overwhelming" share of funding for Ukraine, the new US Defence Secretary Pete Hegseth has said, as he signalled a drastic shift in Washington's position on the war. He also said it was "unrealistic" to expect Ukraine to return to its pre-2014 borders and downplayed the prospect of Ukraine joining Nato.

The Moscow Times: Russia and Ukraine on Wednesday accused each other of blocking the rotation of staff from the International Atomic Energy Agency at the Zaporizhzhia nuclear power plant in southern Ukraine.

Reuters: The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs.

Bloomberg: Russian businesses are facing a rising wave of asset seizures as authorities intensify a crackdown on tycoons who have dual citizenship or foreign residence (archive).

Reuters: China is helping Russia's military drone production by becoming a hub for the smuggling of critical Western components for Moscow's armed forces, Estonia's foreign intelligence said in its annual national security report published on Wednesday.

Bloomberg: Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect (archive).

worth mentioning

NATO reaction to Russian attack would be 'devastating,' Rutte warns

Russia braces for oil output cuts as sanctions and drones hit

Zelenskyy rejects claim Boris Johnson talked him out of 2022 peace deal

UK court dismisses Russia's appeal in $60 bln fight with ex-Yukos investors

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