Ukraine Has Lost over 40% of Land It Seized in Russia’s Kursk Region, Senior Kyiv Military Source Says

A still image taken from an undated handout video released by the Russian Defense Ministry Press-Service on 22 November 2024 shows Russian military volunteers of the “Bars-Kursk” formation patrolling in the village of Korenevo, Kursk region, Russia. (EPA/Russian Defense Ministry Press-Service Handout)
A still image taken from an undated handout video released by the Russian Defense Ministry Press-Service on 22 November 2024 shows Russian military volunteers of the “Bars-Kursk” formation patrolling in the village of Korenevo, Kursk region, Russia. (EPA/Russian Defense Ministry Press-Service Handout)
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Ukraine Has Lost over 40% of Land It Seized in Russia’s Kursk Region, Senior Kyiv Military Source Says

A still image taken from an undated handout video released by the Russian Defense Ministry Press-Service on 22 November 2024 shows Russian military volunteers of the “Bars-Kursk” formation patrolling in the village of Korenevo, Kursk region, Russia. (EPA/Russian Defense Ministry Press-Service Handout)
A still image taken from an undated handout video released by the Russian Defense Ministry Press-Service on 22 November 2024 shows Russian military volunteers of the “Bars-Kursk” formation patrolling in the village of Korenevo, Kursk region, Russia. (EPA/Russian Defense Ministry Press-Service Handout)

Ukraine has lost over 40% of the territory in Russia's Kursk region that it captured in a surprise incursion in August as Russian forces have mounted waves of counter-assaults, a senior Ukrainian military source said.

The source, who is on Ukraine's General Staff, said Russia had deployed 59,000 troops to the Kursk region since Kyiv's forces swept in and advanced swiftly, catching Moscow unprepared 2-1/2 years into its full-scale invasion of Ukraine.

"At most, we controlled about 1,376 square kilometers (531 square miles), now of course this territory is smaller. The enemy is increasing its counterattacks," the source said.

"Now we control approximately 800 square kilometers (309 square miles). We will hold this territory for as long as is militarily appropriate."

With the thrust into Kursk, Kyiv aimed to stem Russian attacks in eastern and northeastern Ukraine, force Russia to pull back forces gradually advancing in the east and give Kyiv extra leverage in any future peace negotiations.

But Russian forces are still advancing in Ukraine's eastern Donetsk region.

President Volodymyr Zelenskiy said he believed Russian President Vladimir Putin's main objectives were to occupy the entire Donbas, which consists of Donetsk and Luhansk regions, and oust Ukrainian troops from the Kursk region.

"For Putin, the most important thing is to push us out of the Kursk region. I am sure that he wants to push us out by January 20," Zelenskiy told media, referring to when Donald Trump will be inaugurated as US president. "It is very important for him (Putin) to demonstrate that he is in control of the situation."

The source at the Ukrainian General Staff source reiterated that about 11,000 North Korean troops had arrived in the Kursk region in support of Russia, but that the bulk of their forces was still finalizing their training.

The Russian Defense Ministry did not immediately respond to a Reuters request for comment. Reuters could not independently verify the figures or descriptions given.

Moscow, which occupies about a fifth of Ukraine, has not confirmed or denied the presence of North Korean forces in Kursk region.

RUSSIAN ADVANCE IN EASTERN UKRAINE

The General Staff source said the Kurakhove region was the most threatening for Kyiv now as Russian forces were advancing there at 200-300 meters (yards) a day and had managed to break through in some areas.

The town of Kurakhove is a stepping stone towards the logistical hub of Pokrovsk in the Donetsk region.

Russia has about 575,000 troops fighting in Ukraine now, the source said, and aims to increase its forces to around 690,000.

Russia does not disclose numbers involved in its fighting. Reuters could not verify those figures.

Ukraine has sought to disrupt Russian logistics and supply chains by hitting Russian weapons and ammunition depots, airfields, and other military targets inside Russia.

After US President Joe Biden allowed Kyiv to fire US-supplied missiles at targets deep inside Russia, Ukraine last week fired US ATACMS and British Storm Shadow cruise missiles into Russia.

On Thursday, Russia launched a new medium-range ballistic missile into the Ukrainian city of Dnipro, in a likely warning to NATO.

Ukrainian officials are holding talks with the United States and Britain on new air defense systems capable of protecting Ukrainian cities and civilians from the new longer-range aerial threats.

The Ukrainian General Staff source said the military had implemented measures to bolster air defenses over Kyiv and planned similar steps for Sumy in the north and Kharkiv in the northeast.



US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
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US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)
US Secretary of Treasury Scott Bessent poses for a family photograph of G7 Finance Ministers and Central Bank Governors as they meet to prepare the summit of heads of State and government to be held in June 2026 in Evian, in Paris on May 19, 2026. (AFP)

The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the US maintains pressure on Tehran.

The move came after Iran said its latest peace proposal to the United States over the US-Israeli led war that started February 28 involves ending hostilities on all fronts including Lebanon, the exit of US forces ‌from areas close ‌to Iran, and reparations for destruction caused by ‌the ⁠conflict.

The Treasury Department ⁠imposed sanctions on the Iran-based Amin Exchange, also known as Ebrahimi and Associates Partnership Company, which it said has a widespread network of front companies spanning multiple jurisdictions, including in Türkiye and Hong Kong.

The US also blocked 19 vessels it said were involved in shipping Iranian petroleum and petrochemicals to foreign customers.

The Treasury ⁠Department said Iranian exchange houses facilitate billions of dollars ‌in foreign currency transactions a year, ‌enabling the government to evade sanctions and access the international financial system. It ‌said the front companies oversee hundreds of millions of dollars ‌in transactions on behalf of Iranian banks.

"Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes," Treasury Secretary Scott Bessent said in a release. "As Treasury systematically dismantles Tehran’s shadow banking system and shadow fleet under Economic ‌Fury, financial institutions must be alert to how the regime manipulates the international financial system to ⁠wreak havoc."

The sanctions block US assets of those designated and prevent Americans from doing business with them.

The US also designated vessels for transporting Iranian-origin oil, petroleum products and petrochemicals including the Barbados flagged liquefied petroleum gas tanker Great Sail, the Palau-flagged products tanker Ocean Wave, and the Panama-flagged chemical/oil tanker Swift Falcon.


Israel Finance Minister Says ICC Seeks Arrest Warrant Against Him

Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
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Israel Finance Minister Says ICC Seeks Arrest Warrant Against Him

Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)
Israeli Finance Minister Bezalel Smotrich speaks at a press conference regarding settlements expansion for the long-frozen E1 settlement, that would split East Jerusalem from the occupied West Bank, near the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank, August 14, 2025. (Reuters)

Israel's far-right finance minister Bezalel Smotrich said Tuesday that the International Criminal Court prosecutor has requested an arrest warrant against him, accusing the Palestinian Authority of pushing for the move.

Smotrich said he would retaliate by ordering the evacuation of the Palestinian Bedouin community of Khan al-Ahmar in the occupied West Bank.

"Last night I was informed that the criminal prosecutor of the antisemitic court in The Hague has filed a request for an international arrest warrant against me," Smotrich told a news conference broadcast on his X account Monday.

"As a sovereign and independent state, we do not accept hypocritical dictates from biased bodies that time and again take a stand against the State of Israel," he added, without disclosing the charges for which the warrant has been requested.

The ICC prosecutor's office said it was "unable to comment on media speculation or questions related to any alleged application for a warrant of arrest".

In November 2024, the ICC issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, to face accusations of war crimes and crimes against humanity over Israel's actions during its war against Hamas in Gaza.

- 'Declaration of war' -

"Immediately upon the conclusion of my remarks here, we will sign an order to evacuate Khan al-Ahmar," Smotrich said, calling the warrant request "a declaration of war".

More than 750 people live in the community of Khan al-Ahmar, around 10 kilometers east of Jerusalem's Old City in the central West Bank and surrounded by Israeli settlements.

The Palestinian Authority's Settlement and Wall Resistance Commission urged the international community to stop the move.

"Targeting Khan al-Ahmar is part of a long-term strategic settlement project... through which Israel seeks to create complete settlement contiguity that would separate the northern West Bank from its south," the commission's minister, Muayad Shaaban, was quoted as saying.

Peace Now, an Israeli settlement watchdog, also denounced the move.

"The Minister of Expulsion and Annexation seeks to take revenge on The Hague and the international community at the expense of one of the most vulnerable communities," it said.

Khan al-Ahmar sits near land Israel plans to use for its controversial E1 development project that would facilitate settlement expansion in the area near Jerusalem.

Smotrich, who lives in a settlement himself, is a staunch proponent of Israel annexing the West Bank.

"Under this government, we see that for the first time they've approved the very sensitive and significant plan of E1, and they're going ahead with plans to annex that entire region," Lior Amihai, Peace Now's executive director, told AFP.

"In order for them to annex the entire region, they need to also expel the Palestinian communities from there and Khan al-Ahmar is one of them," he added.


EU Denounces New US Waiver of Russian Oil Sanctions

European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
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EU Denounces New US Waiver of Russian Oil Sanctions

European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)
European Commissioner for Economy and Productivity, Valdis Dombrovskis, looks on ahead of a G7 finance ministers and central bank governors meeting in Paris, France, May 18, 2026. (Reuters)

The European Union criticized Tuesday the latest US waiver of sanctions on Russian oil, announced while G7 finance ministers were meeting to reach a common response to multiple economic challenges.

Washington's move aims to help lower energy prices that have skyrocketed since the US and Israel launched attacks on Iran in February, effectively shutting the Strait of Hormuz to Gulf oil tanker traffic.

But EU economics commissioner Valdis Dombrovskis denounced the extensions, which have given Moscow a financial boost as it pursues its war against Ukraine.

"From the EU point of view, we do not think that this is a time to ease pressure on Russia," Dombrovskis told journalists while arriving for a second day of G7 talks in Paris.

"In fact, Russia is the one which is gaining from the war in Iran and the increase in fossil fuel prices," he said. "If anything, we would need to strengthen the pressure."

US Treasury Secretary Scott Bessent is in Paris for the Group of Seven talks hosted by France, which currently chairs the group's rotating presidency.

"Secretary Bessent was reassuring us that this is a temporary measure, but we know that it's already a second extension of the measure which initially was meant to last only 30 days," Dombrovskis said.

French Finance Minister Roland Lescure said a joint statement would nonetheless be made following talks that are to wind up Tuesday.

"We've had extremely frank discussions between people who do not necessarily agree on everything, but who are able to talk about everything," he told journalists.

The talks aim to keep dialogue open as trade feuds spurred by US President Donald Trump's tariff blitz compound geopolitical tensions.