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Russia-Ukraine battle in Donbass, U.S. fires aid to Ukrainian gold

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Russia-Ukraine battle in Donbass, U.S. fires aid to Ukrainian gold

The United States is preparing to provide Ukraine with another $800 million in security aid, three senior U.S. administration officials and two people familiar with the matter said on Tuesday (April 19).

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On Wednesday (April 20), gold maintained a slight decline. As of press time, spot gold was reported at $1,946.33 per ounce, an increase of -0.18%.

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Russia-Ukraine battle in Donbass, U.S. provides artillery assistance to Ukraine

The United States is preparing to provide Ukraine with another $800 million in security aid, three senior U.S. administration officials and two people familiar with the matter said on Tuesday (April 19). If the news is true, since the outbreak of the Russian-Ukrainian war, the scale of US military aid to Ukraine will reach 3 billion US dollars.

Details of the latest package are still being discussed and could change, according to CNN.

Earlier on Tuesday, U.S. President Joe Biden said the United States planned to send more artillery pieces to Ukraine.

  

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After arriving in Portsmouth, New Hampshire, Biden was asked by reporters on the tarmac if he planned to send more artillery to Ukraine. “Yes,” Biden told reporters before getting in the car.

The latest package could be approved within the next 36 hours, a senior administration official said, although another administration official said the timing had not been set and could be in the next few days. The size of the package could also be changed at the last minute, the official said.

Just a week ago, the Biden administration approved another $800 million security plan that includes artillery and air defense radars, the first since Russia began its invasion.

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A third administration official said the Biden administration is working to get security aid to Ukraine as soon as possible because they believe the war is at a critical stage and continued U.S. aid could help when Russia begins a more aggressive offensive in eastern Ukraine. effect.

Late on the night of April 18 local time, Ukrainian President Volodymyr Zelensky said that “after a long preparation”, Russia has started a new large-scale offensive against the Donbas region in eastern Ukraine. The next day, Russian Foreign Minister Sergei Lavrov also announced that the Russian military had entered the next stage of the special military operation in Ukraine.

Unlike the battles between towns, forests and hills in the first phase, military analysts predict a “full-scale bloody war” in the steppes of eastern Ukraine. At present, at least 70,000 Russian armored forces have been transferred from Kyiv and other places to the front line in eastern Ukraine. There are also some newly formed troops, which are being assembled and plan to push south from Kharkov to surround Luhansk.

According to CNN, the Donbas region is more open and more prone to the use of artillery and long-range systems, which is why the Biden administration attaches great importance to the rapid deployment of such systems when the battle is transferred from Kyiv to the Donbas region. The area also borders Russia, allowing Russian forces to maintain shorter supply lines to sustain the attack. Ukraine and Russia have fought in the Donbas region through their own troops and proxies for the past eight years, making the region familiar to both militaries.

Adviser to the Chief of the Office of the President of Ukraine and a member of the Ukrainian delegation to the Russian-Ukrainian negotiation, Podoljak said on April 19 local time that the peace talks with Russia have actually been frozen, and it is difficult to say when the next direct talks will be realized.

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According to CNN, the Donbas region is more open and more prone to the use of artillery and long-range systems, which is why the Biden administration attaches great importance to the rapid deployment of such systems when the battle is transferred from Kyiv to the Donbas region. The area also borders Russia, allowing Russian forces to maintain shorter supply lines to sustain the attack. Ukraine and Russia have fought over the Donbas region through their own troops and proxies for the past eight years, making the region familiar to both militaries.

Adviser to the Chief of the Office of the President of Ukraine and a member of the Ukrainian delegation to the Russian-Ukrainian negotiation, Podoljak said on April 19 local time that the peace talks with Russia have actually been frozen, and it is difficult to say when the next direct talks will be realized.

Podoljak believes that Russia is so focused on the second phase of the special military operation currently underway in Donbass that it has no time for negotiations.

IMF: Crypto mining may be a way for Russia to escape sanctions

Countries such as Russia and Iran could eventually use cryptocurrency mining to evade international sanctions, the IMF warned in its report. The IMF said sanctioned countries could use their unexportable energy resources to power cryptocurrency mining, and by expanding mining operations, governments could also benefit directly from transaction fees.

The IMF said the Russian-Ukrainian war highlighted some of the particular challenges regulators face in regulating digital assets, where exchanges do not follow the rules, cryptocurrencies have inadequate compliance procedures, or use technologies that improve anonymity. Can be used to bypass harsh economic sanctions.

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After Russia invaded Ukraine, the United States and its allies imposed broad restrictions on digital currencies. U.S. lawmakers have repeatedly called on officials to take steps to ensure cryptocurrencies are not exploited to escape the restrictions. “Regulators in the United States, the United Kingdom and other countries are urging companies under their jurisdiction, including the crypto-asset industry, to be more vigilant about the potential evasion of sanctions by Russia,” the IMF said.

While crypto mining could become a vulnerability in the future, such practices are rarely used in sanctioned countries, according to the IMF report. Regulators said they were concerned that criminals could exploit cryptocurrencies to exploit loopholes, but rouble trading on exchanges has declined in recent weeks.

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Golden.com statement: Golden.com reprints the above content, does not mean to confirm its description, is for investors’ reference only, and does not constitute investment advice. Investors operate accordingly at their own risk.

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