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Russia Turns Up The Heat On Ukraine's Odesa As Port Strikes Intensify

Zero Rss
1 month 1 week ago
Russia Turns Up The Heat On Ukraine's Odesa As Port Strikes Intensify

Throughout most of the more than four-year long Russia-Ukraine war, Russian forces have largely held off from any sustained and large-scale attack against the key southern port city of Odesa, but this restraint has clearly changed.

Odesa since Monday has been getting pounded, with Ukrainian officials describing that Ukrainian port infrastructure and a border crossing with Romania was targeted overnight. This vital economic, food, grain, and trade lifeline to the outside world is under threat - and is the result of leaders in Kiev deciding to recently escalate long-range drone attacks against Russian territory.

Destruction from Monday Russian drone strike on Nova Poshta’s terminal in Odesa region, via State Emergency Service of Ukraine

President Zelensky also said the strikes "deliberately damaged a border crossing point on the border with Romania, as ​well as export infrastructure."

One person was confirmed injured in the attack, which also resulted in a fire at a residential building as well as energy infrastructure coming under fresh attack.

Specifically, the strikes damaged a checkpoint for ferry services at ​Orlivka on the ​border with Romania. "Processing ⁠of citizens and vehicles through this checkpoint has been temporarily suspended," Ukraine's border service announced in a statement.

The tempo of strikes on Odesa has most definitely escalated this month, as Reuters details, "The ​Odesa region faced more than 300 air-raid alerts ​in August, ⁠lasting a combined 238 hours, according to a monitoring service."

Ukrainian-bound cargo ships also continue to be attacked off the coast in the Black Sea. Some new weapons systems are reportedly being demonstrated with deadly effect there.

"Behind the strikes is Russia’s new Banderol cruise missile, which has turned Ukraine’s Black Sea coast into a deadly no-go zone for cargo ships and hammered its ports since it entered serial production at the end of last month," writes The Telegraph.

"Cheap, fast and carrying a 114kg high-explosive fragmentation warhead, Banderols are launched from Russian-occupied Crimea, often by Mi-28 attack helicopters," the report describes. According to more of its specs:

Translated as “small parcel” in English, it can reach speeds of up to 400mph and can hit targets more than 300 miles away. They are stored at Dzhankoi district, Kirovske airfield, and Simferopol airfield in Crimea.

Another result of the overnight attack on Odesa was more widespread power outages in the region, amid a broader increasingly national infrastructure strain headed toward winter.

Odesa is under a Russian combined attack involving Banderol cruise missiles and Geran-2/4 loitering munitions, causing power outages and disruptions in parts of the city. pic.twitter.com/Snz5pxRksX

— OSINTWarfare (@OSINTWarfare) August 31, 2026

More broadly across Ukraine and especially the capital region, Russian drone and missile strikes have been sustained for at least five consecutive days, leading to significant casualties nationwide:

At least 16 people were killed and 54 others injured in Russian attacks across Ukraine over the past day, according to local authorities.

The heaviest toll was reported in Kyiv and the surrounding oblast, where Russia’s fifth consecutive day of attacks killed at least 12 people and injured 21 others.

Six of those killed were Ukrainian Railways employees, who died when a ballistic missile struck railway facilities, the company said.

So clearly Russia is continuing to hammer away at Ukraine's national energy, power, and logistics/transport infrastructure.

Footage showing the impact of two Russian S8000 Banderol cruise missiles at the Odesa Thermal Power Plant last night.

Power outages occurred in multiple districts of the city following the strikes.

Impact coordinates: 46.50325, 30.71415 pic.twitter.com/UgvdwA2IW0

— AMK Mapping 🇳🇿 (@AMK_Mapping_) September 1, 2026

While this tactic is nothing new, there does seem to be a ramped-up ferocity, which the Kremlin sees as retaliation for the Ukrainians escalating in the same way - likely with the help of Western intelligence. Zelensky has recently boasted that he is in effect 'taking the war to Russia' and its population, hoping to pressure Putin to make deep compromise at future negotiations.

Tyler Durden Tue, 09/01/2026 - 10:20
Tyler Durden

New Orders Drop But US Manufacturing Surveys Still Signal 'Solid' Growth In August

Zero Rss
1 month 1 week ago
New Orders Drop But US Manufacturing Surveys Still Signal 'Solid' Growth In August

Despite sustained relative weakness in US 'hard data', US manufacturing operating conditions improved solidly again in August, according to the latest PMI data from S&P Global, but it's not all rainbows and unicorns...

  • August S&P Global US Manufacturing PMI beat, flat at 53.9 from July's print, but up from the flash print of 53.2 and better than the 53.4 expected.

  • August ISM US Manufacturing PMI miss, down from 55.6 to 54.6 (below 55.2 expectations).

Still, despite the miss, ISM still printed near four year highs, with growth moderating only slightly.

However, ISM saw New Orders and Employment dropped in August (with Prices only flat month over month)...

“Growth in the US manufacturing economy remained welcome," said Usamah Bhatti, Economist at S&P Global Market Intelligence, but he warns "the August data point to some cracks in the sector’s health."

Data covering most of the second quarter and the period to August indicated that stock building was a key driver of sustained growth in manufacturing output and demand.

Moreover, Bhatti notes that "both output and new order growth slowed in August amid concerns that further price rises and material shortages would weigh on the sector."

Indeed, although purchasing activity and pre-production inventories increased further, "manufacturers continued to report difficulties sourcing and receiving raw materials because of supply delays and price rises."

These pressures were commonly linked to the war in the Middle East, which has exacerbated existing supply and inflationary pressures from tariffs.

There were, however, areas of encouragement for US goods producers.

Business expectations for output over the year ahead improved from July to a three-month high, partly reflecting hopes for an end to the war and a smoother domestic policy path.

Firms also noted that "greater stability in conditions were likely to support business expansion and customer retention plans."

In response, businesses raised employment at the strongest rate seen so far this year.

So choose your own adventure again -  both ISM and S&P Global saw orders drop, but ISM saw employment drop and prices flat while S&P Global saw prices drop and employment improve...?!

Tyler Durden Tue, 09/01/2026 - 10:10
Tyler Durden

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Europeans Blindsided By Russian Finance Minister's Presence At G20 In Asheville

Zero Rss
1 month 1 week ago
Europeans Blindsided By Russian Finance Minister's Presence At G20 In Asheville

Amid two days of talks among G20 finance ministers and central bank heads gathered in Asheville, North Carolina, an unexpected and deeply awkward issue (for some) has emerged.

The whole session is being overshadowed by the fact that the White House welcomed Russia to the meeting, which has set off anger and frustration among the Europeans. Also, some key media outlets and prominent reporters have been banned from the summit.

G20: an "unexpected" Russian guest.

Late Monday, Russian Finance Minister Anton Siluanov made an unexpected appearance after his official US invite, and then was welcomed by US Treasury Secretary Scott Bessent for a bilateral meeting.

This marks Russia's first in-person invite to the G20 since the start of the Ukraine war in February 2022 - and it is happening while the US holds the rotating G20 presidency and is playing host.

The two officials reportedly focused their talks economic cooperation and on finding a way forward on finding a peace deal in Ukraine. According to the focus of the diplomatic interaction:

  • In a statement, Russia's Finance Ministry said the talks covered financial issues between the two nations and G20 engagement.
  • Bessent ruled out economic relief for Moscow as long as the war in Ukraine continues, according to a source familiar with the meeting. When Siluanov raised potential areas for cooperation, Bessent interrupted the official and made clear there'd be no progress until the war ends, the source added.

Despite Washington's effort to seize the opportunity for the sake of much-needed diplomacy with Moscow, at a moment the Ukraine war has been continually escalating, European officials vented to the press over the unwanted Kremlin presence.

"Receiving the Russian finance minister here sends a troubling signal," German Finance Minister Lars Klingbeil said. "I made it clear to the Europeans this morning in the plenary session that I would not pose for a photo with the Russian finance minister," he told reporters.

Polish Finance Minister Andrzej Domanski told Reuters that while he recognizes the right of the host country to invite guests, it remains that "We do not trust Russia. They lie constantly and you need to be really, really cautious while discussing with them." He emphasized "So for me it would be very difficult to have any kind of conversation with Russia." 

This led to the Russian representative being banned from the family photo traditionally taken at the g20 summits. This decision was apparently due to pressure by the Europeans, who may have threatened not to show up for the photo op. In the end it was taken without Siluanov.

NEW: After pushback from Europeans, Russian Finance Minister Anton Siluanov was not included in the #G20 family photo pic.twitter.com/son1tkLlBM

— Julie Tsirkin (@news_jul) September 1, 2026

But given the immense and rising tensions between Moscow and European capitals of late, the Europeans would do well to take the White House's example and finally engage the Russians, in order to lower the temperature and pursue badly needed de-escalation.

Tyler Durden Tue, 09/01/2026 - 09:40
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