International

Russia has ‘strategically lost’ Ukraine war: UK armed forces chief

AFP

Russia has already “strategically lost” its war with Ukraine, suffering heavy losses and strengthening NATO, the UK’s chief of defence staff said in an interview published on Friday.

“This is a dreadful mistake by Russia. Russia will never take control of Ukraine,” said Tony Radakin, the country’s highest-ranking military officer, adding it would emerge a “more diminished power”.

“Russia has strategically lost already. NATO is stronger, Finland and Sweden are looking to join,” he told Britain’s domestic Press Association news agency.

Radakin said Russian President Vladimir Putin may achieve “tactical successes” in the weeks to come, but had sacrificed a quarter of his country’s army power for “tiny” gains and was running out of troops and high-tech missiles.

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“The Russian machine is grinding away, and it’s gaining a couple of — two, three, five — kilometres every day,” the admiral said.

“And Russia has vulnerabilities because it’s running out of people, it’s running out of high-tech missiles.

“President Putin has used about 25 percent of his army’s power to gain a tiny amount of territory and 50,000 people either dead or injured.

“Russia is failing.”

Radakin paid tribute to the “courageous” Ukrainian people, and vowed that the UK would support Kyiv “for the long haul” with more weapons.

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“We’ve been providing anti-tank weapons, there are other elements that we’re providing and that will continue,” he said.

The Kremlin on Thursday warned against new Western weapons supplies to Ukraine as French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi visited Kyiv.

“I would like to hope that the leaders of these three states and the President of Romania will not only focus on supporting Ukraine by further pumping Ukraine with weapons,” Kremlin spokesman Dmitry Peskov told reporters.

He added that it would be “absolutely useless and will cause further damage to the country”.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.