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EIB Group Vice-President Karl Nehammer arrives in Ukraine to advance new financing for border infrastructure and business support

21 October 2026 at 05:34
EIB EIB Group Vice-President Karl Nehammer starts three-day visit to Ukraine, affirming EU bank’s commitment to country amid intensified Russian attacks. New agreements planned to upgrade Ukraine’s border infrastructure and improve access to finance for Ukrainian businesses. EIB Group-backed investments in public transport, energy resilience and social infrastructure to be highlighted during visit. European Investment […]

A student protest movement has gripped Serbia for two years. This weekend it will try to take power

Unorthodox campaign is challenging the ruling party’s 12-year reign with a bold democratic experiment

On a cool autumn evening, a team of Serbian student volunteers went canvassing in the housing estates of Krnjača, a Belgrade suburb. They were equipped with lanyards emblazoned with the word “victory”, a stock list of questions and a mobile app that mapped visited homes and the level of support in each.

The volunteers were part of a mass student movement, Student List, that has rocked Serbia with two years of constant protests. On Sunday, the group will represent the most serious challenge Aleksandar Vučić has faced in his 12 increasingly authoritarian years in power, by putting forward their own candidates in parliamentary elections.

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© Photograph: Maxim Konankov/NurPhoto/Shutterstock

© Photograph: Maxim Konankov/NurPhoto/Shutterstock

© Photograph: Maxim Konankov/NurPhoto/Shutterstock

The people of Serbia v the Trump family

Serbia’s authoritarian president personally intervened to remove the protection of a historic landmark – then came protests and prosecutions. Tom Burgis on the murky tale of Trump Tower Belgrade

In the heart of Belgrade, near the banks of the Danube, stands the General Staff building. Built in the 1960s, it embodies the difficult history of Serbia. It was designed to resemble a canyon of the Sutjeska River, where one of the most significant battles of the second world war was fought.

Then suddenly, in November 2024, it was announced that the building was no longer protected from development. Instead, a tower with Donald Trump’s name on it would go up in its place.

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© Composite: Guardian Design/PA/EPA/AP/Getty Images

© Composite: Guardian Design/PA/EPA/AP/Getty Images

© Composite: Guardian Design/PA/EPA/AP/Getty Images

Live: French PM Lecornu to meet with unions ahead of new protests

21 October 2026 at 01:45
After implementing curfews in cities across France to prevent a continuation of the weekend's violence and looting, French Prime Minister Sébastien Lecornu prepared to meet with trade union organisations on Wednesday to discuss protest security and responses to the high school students who began the now nationwide protests. Follow our liveblog for the latest updates.

New funding opportunity to strengthen Cyber Hubs now open for applications

21 October 2026 at 01:33
National and Cross-Border Cyber Hubs are a result of theEU Cyber Solidarity Act, which aims to establish the European Cybersecurity Alert System to strengthen Europe’s capacity to detect, analyse and respond to cyber threats. Bringing together National and Cross-Border Cyber Hubs across the EU, the system will make use of advanced technologies, including artificial intelligence […]

Italy announces new security measures after Milan riots, deploying 500 soldiers

21 October 2026 at 00:33
Italy announced tougher security measures on Tuesday after weekend riots in Milan left more than 100 police officers injured and shops looted. The government will deploy 500 additional soldiers, impose harsher penalties for violent protesters and hold parents financially responsible for damage caused by minors.

Ukraine war briefing: US envoy Witkoff to meet Putin after ‘constructive’ talks with Zelenskyy in Norway

Talks in Oslo made ‘meaningful progress’ toward engaging Russia, a US official said. What we know on day 1,701

US envoy Steve Witkoff will meet Russian president Vladimir Putin on Wednesday after what a US official called “constructive” talks with Ukrainian president Volodymyr Zelenskyy in Norway. The US official said Ukraine brought forward new ideas and proposals to the Oslo talks, which also involved the leaders of Norway and Finland ⁠and European and Nato representatives, and that participants made “meaningful ⁠progress” toward a coordinated approach to engaging Russia.

The official, who ​spoke to Reuters on the condition of anonymity, said the talks covered “key elements of a comprehensive peace framework”, including security guarantees for Ukraine, a postwar economic plan and a broader European security architecture. Witkoff would aim to “create a pathway toward direct trilateral and broader multilateral negotiations”, the official said. US president Donald ⁠Trump on Tuesday ⁠called ​on Ukraine to make a deal ⁠to settle the war with Russia. “Ukraine has to ⁠want to settle this ​war,” Trump ‌told reporters.

Zelenskyy travelled to Oslo seeking to repair relations with Washington, which have sunk to new lows. Trump’s recent gestures toward Moscow, including a deal to buy Russian diesel and a waiver of new sanctions, have sparked bipartisan pushback in the US Congress and worry in European capitals. Zelenskyy said he had ​discussed “Article 5-like” security guarantees, referring to the Nato stipulation that an attack on one ally is an attack on all. “I am ‌thankful to the American side that they underlined again that it will ‌be strong,” he said.

Elon Musk last week ordered the slowdown of a military-grade ⁠version of SpaceX’s Starlink satellite service that Ukraine relies on, the Wall Street Journal reported on Tuesday, citing US ⁠officials and people familiar ⁠with the ​matter. Musk, SpaceX and the White House did not immediately respond to Reuters requests for comment. Ukraine uses the service – known as Starshield – for battlefield communications and drone operations. Restricting the satellite service hampered the country’s attack and air ⁠defence drone missions against Russia.

US defence secretary Pete Hegseth meanwhile insisted Tuesday that the Pentagon had not directed any changes to Starshield, saying: “We haven’t pulled anything back.” “Nothing’s changed from our view. We haven’t made any directives or anything like that,” he said. On Friday, Trump said he did not request any curbs to Starshield. “It wasn’t me. And I don’t think it was Elon,” Trump said. Musk previously said that “any limits on speed or usage” of Starshield systems were “decided by the US military and ultimately POTUS.”

Nato said Tuesday it was deploying additional planes, drones and radar systems to the Black Sea after a string of attacks on ships near Romania and Bulgaria in the latest spillover from Russia’s war on Ukraine. “Allies have or will send additional maritime patrol aircraft, radar systems, explosive exploitation teams, intelligence personnel, drones, and more to the Black Sea,” said Col Martin O’Donnell, a Nato spokesperson. “The most important thing we can do, however, is to increase our situational awareness in the region through increased sensors and data sharing,” he added.

The ⁠Russian military ⁠struck ​three cargo vessels in Ukraine’s ⁠port of Reni and two ⁠other cargo vessels en ​route ‌to ‌Odesa, Russia’s defence ‌ministry said on Tuesday. Russian forces also hit two logistics hubs in ‌the Volyn region and in the ​city of Khmelnitskiy, it said, adding that ⁠the vessels and hubs ​were ​all being ​used for ​military ‌purposes. Russia also unleashed another missile and drone blitz of civilian areas in Ukraine on Tuesday, killing at least nine people, officials said.

The Kremlin said Tuesday that work was under way to ease ⁠the humanitarian ⁠situation ​in the Russian-controlled town of Oleshky in southern ⁠where residents have reported a worsening food crisis. Kremlin spokesperson ⁠Dmitry Peskov said ‌Putin had ‌discussed the situation in Oleshky with Trump and told him that Russia’s human rights commissioner was engaged on the issue.

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© Photograph: Heiko Junge/Reuters

© Photograph: Heiko Junge/Reuters

© Photograph: Heiko Junge/Reuters

Trump Presses Ukraine Towards a Settlement Putin May Have No Intention of Accepting

20 October 2026 at 22:55

Talks in Oslo have restored diplomatic contact between Kyiv and Washington, but Donald Trump continues to demand concessions from Ukraine while Moscow shows little willingness to compromise. Steve Witkoff’s forthcoming meeting with Russian officials will expose the limits of the American peace initiative.

The latest negotiations over Russia’s war against Ukraine have produced a renewed diplomatic initiative, with US presidential envoy Steve Witkoff preparing to travel to St Petersburg on Wednesday, 21 October, following consultations with Ukrainian and European leaders in Oslo.

President Volodymyr Zelenskyy met Witkoff alongside Norwegian Prime Minister Jonas Gahr Støre and Finnish President Alexander Stubb on Tuesday. Jared Kushner, Donald Trump’s son-in-law, participated remotely. The discussions covered territorial questions, security guarantees, sanctions and proposals for a partial ceasefire.

The meeting concluded with cautious expressions of optimism. Stubb suggested that the negotiating process was back on track, while Støre confirmed that Witkoff would present proposals developed by American, Ukrainian and European representatives to the Russian leadership.

However, the diplomatic improvement contrasts with Trump’s renewed public pressure on Zelenskyy, raising questions about Washington’s negotiating strategy and whether Moscow has any intention of accepting the proposed settlement.

Washington’s contradictory signals

Speaking in the Oval Office on Tuesday, Trump again insisted that Ukraine must reach an agreement with Russia, portraying Moscow’s military position as increasingly advantageous.

His remarks closely resembled arguments advanced during earlier disputes with Zelenskyy, when Washington pressed Kyiv to accept territorial concessions rather than increase pressure on the Kremlin.

Meanwhile, Secretary of State Marco Rubio sought to reassure the Ukrainian leadership that American military cooperation had not been deliberately restricted.

Rubio denied that Trump had ordered changes to intelligence-sharing or weapons assistance. Zelenskyy subsequently confirmed that Ukraine was again receiving American early-warning intelligence concerning Russian ballistic missile attacks.

Nevertheless, serious problems remain. Ukraine has reported delays in deliveries of American-made Patriot interceptors purchased by European allies, while restrictions affecting the military Starshield satellite communications system have not been fully resolved.

These difficulties are particularly serious as Russia intensifies attacks against Ukrainian electricity infrastructure, attempting to undermine civilian services ahead of winter.

The conflicting signals leave Kyiv negotiating with an administration whose diplomatic representatives promise continued cooperation while its president publicly demands Ukrainian concessions.

Security guarantees without NATO membership

Among the proposals discussed in Oslo were security arrangements intended to provide Ukraine with protection comparable to NATO’s Article 5 collective-defence provision.

Zelenskyy acknowledged that American representatives had discussed such guarantees, although their precise obligations and enforcement mechanisms remain undisclosed.

The proposal presents a fundamental negotiating problem.

Russia has consistently opposed Ukrainian NATO membership, partly because the alliance’s collective-defence commitments would increase the consequences of any renewed Russian aggression.

An alternative arrangement offering genuinely comparable protection would consequently encounter many of the same Russian objections.

Conversely, guarantees lacking a credible enforcement mechanism would leave Ukraine exposed to another attack after a ceasefire.

Moscow’s record provides little reassurance. Russia violated Ukraine’s internationally recognised borders in 2014 and launched its full-scale invasion in 2022 despite previous commitments to respect Ukrainian sovereignty.

The Kremlin’s objectives extend beyond territory

Washington’s approach appears increasingly concentrated on securing an agreement involving territorial concessions and restrictions on Ukraine’s future security arrangements.

Yet Putin’s objectives have consistently extended beyond the territories occupied by Russian forces.

The Kremlin has demanded constraints on Ukraine’s military capabilities, international alliances and strategic independence. Accepting territorial gains alone would not necessarily satisfy Moscow’s wider political ambitions.

Russian Foreign Minister Sergei Lavrov has maintained that Moscow is unwilling to make substantial political concessions, while the Kremlin continues to insist that any agreement must address what it describes as the underlying causes of the conflict.

Those conditions have previously included demands that would substantially restrict Ukraine’s sovereignty.

Consequently, even a Ukrainian willingness to consider elements of Washington’s proposals would not guarantee Russian acceptance.

The political calculation behind an energy ceasefire

One possibility under consideration is a limited ceasefire protecting energy and potentially food-related infrastructure.

Zelenskyy has indicated that Ukraine could suspend attacks against Russian energy facilities if Moscow stopped striking Ukrainian infrastructure.

Such an arrangement could reduce immediate civilian suffering. It would also have military and economic consequences.

Ukrainian attacks against Russian refineries, oil terminals and other energy installations have increasingly targeted infrastructure supporting Moscow’s war economy.

A temporary suspension could allow Russia to repair damaged facilities, restore production and stabilise export revenues. Without credible monitoring and enforcement, Moscow could exploit a limited agreement while leaving the wider conflict unresolved.

Trump has additional reasons to seek a rapid diplomatic result. With American congressional elections scheduled for 3 November, his administration is attempting to contain domestic fuel prices and demonstrate progress towards ending the war.

His recent decision to ease restrictions on Russian diesel exports has already provoked concern in Kyiv and European capitals over the potential financial benefits to Moscow.

The danger for Ukraine is that an agreement presented as a diplomatic achievement in Washington could provide Russia with economic relief without altering its military objectives.

The decision awaiting Washington

Witkoff’s visit to St Petersburg will establish whether Moscow is prepared to engage with the proposals developed in Oslo.

Putin could accept a temporary arrangement, particularly one suspending Ukrainian strikes on Russian energy infrastructure, while postponing discussions over territorial and political questions.

Alternatively, Moscow could reject the initiative and maintain its existing demands.

In either case, Washington will face a decision over the consequences of Russian intransigence.

For Kyiv, continued engagement with the United States remains essential because American intelligence, satellite communications and advanced air-defence weapons cannot readily be replaced.

But the prospects for a negotiated settlement will depend less on further Ukrainian concessions than on whether Russia faces sufficient political, military and economic pressure to abandon its maximalist demands.

The Oslo negotiations have restored cooperation between Ukraine, Europe and American mediators. They have not established that Putin is prepared to end the war on terms compatible with Ukraine’s continued independence.

Russia Sells 62 Tonnes of Gold in Biggest Reserve Drawdown Since 1998

20 October 2026 at 22:31

Russia’s central bank has reduced its gold holdings to their lowest level in nearly seven years as the Kremlin faces a widening budget deficit, declining energy revenues and mounting expenditure on its war against Ukraine.

Russia has carried out its largest sustained reduction in gold reserves since the financial crisis of 1998, disposing of approximately 62 tonnes of the precious metal since December 2025 as the government draws on accumulated reserves to finance a growing federal budget deficit.

According to figures released by the Bank of Russia on Tuesday, 20 October, the country’s monetary gold reserves declined by another 200,000 troy ounces, equivalent to approximately 6.2 tonnes, during September.

The latest reduction brings Russia’s official gold holdings to 72.8 million troy ounces, or approximately 2,264 tonnes, their lowest level since the end of 2019.

The central bank has now reduced its gold holdings for ten consecutive months, reversing the accumulation strategy pursued by Moscow in the years preceding its full-scale invasion of Ukraine.

Largest gold sell-off since the 1998 crisis

The scale of the current reduction is exceptional by Russian historical standards.

According to International Monetary Fund data cited in reporting on the latest figures, the only more rapid depletion of Russian gold reserves in the country’s modern history occurred during the 1998 financial crisis.

At that time, Russia’s central bank disposed of approximately 118 tonnes of gold over three months as the government defaulted on domestic debt and the rouble collapsed.

Some of those holdings were subsequently replenished, leaving the country’s gold reserves approximately 50 tonnes lower at the end of 1998.

The reduction recorded during 2026 has already exceeded that annual net decline, although Russia’s present financial position differs substantially from the circumstances surrounding the 1998 default.

The monetary value of Russia’s remaining gold reserves stood at approximately $301.6 billion at the end of September, compared with $333.5 billion a month earlier. The change reflects movements in gold prices as well as the reduction in physical holdings.

Budget deficit reaches 7.3 trillion roubles

The sales come as the Russian government struggles to contain expenditure associated with its continuing military campaign against Ukraine.

Moscow now expects its federal budget deficit to reach 7.3 trillion roubles, approximately $87 billion, in 2026. That represents 3.2 per cent of gross domestic product, twice the deficit originally anticipated.

Military and security expenditure is expected to account for approximately 38 per cent of total federal spending this year.

The government has increasingly relied on its National Wealth Fund, established to accumulate surplus energy revenues, to cover budget shortfalls.

The central bank’s gold transactions are linked to operations involving the fund. Under this mechanism, the Bank of Russia conducts corresponding market sales following Finance Ministry transactions using the fund’s assets.

Figures published by Russia’s Finance Ministry earlier this month showed that the National Wealth Fund’s liquid assets had fallen to approximately 3.8 trillion roubles, equivalent to $45 billion, as of 1 October. This was down from approximately 4 trillion roubles a month earlier.

The fund’s total assets remained substantially larger, at almost 13 trillion roubles, but much of that amount is invested in shares, bonds and other holdings that cannot immediately be converted into funds for government expenditure.

War expenditure puts pressure on Kremlin finances

Russia’s fiscal problems have been compounded by weaker oil and gas revenues, a slowdown in economic activity and the increasing cost of sustaining military operations.

Although energy exports continue to generate substantial income, government revenue has failed to keep pace with spending commitments.

Moscow has consequently increased domestic borrowing, introduced additional taxes and sought alternative sources of budget financing.

The latest gold figures provide further evidence of the financial demands imposed by the war, now approaching its fifth anniversary.

They do not indicate that Russia is approaching an immediate financial collapse. The country still holds considerable gold and foreign exchange reserves, with the central bank reporting total international reserves of approximately $731.8 billion at the end of September, although access to part of its overseas assets remains restricted by Western sanctions.

Nevertheless, the continued liquidation of gold holdings reduces the reserve assets available to the Russian authorities at a time when military spending remains elevated and the government faces pressure to meet its domestic financial commitments.

For President Vladimir Putin, the growing budget deficit introduces an additional economic consideration into decisions over the duration of the war.

The September figures show that Moscow is increasingly drawing on assets accumulated before the invasion to support current expenditure, while its capacity to rebuild those reserves remains dependent on future revenues and the government’s ability to restrain spending.

Italy sends troops, toughens security laws after Milan clashes

20 October 2026 at 21:09
Italy on Tuesday approved the deployment of 500 troops to Milan after violent clashes as fuel price protests hit pasta production and food deliveries in southern Italy. A cabinet meeting on Tuesday also approved a series of security measures, including making the detention of minors easier and introducing the crime of "violent participation in a demonstration". FRANCE 24's Seema Gupta reports from Rome.

Wounded Ukrainian Soldier Rescued From Front Lines By Aerial Drone

20 October 2026 at 20:52
In what Ukraine's military is calling a historic first, a soldier who suffered injuries to both legs on the battlefield was evacuated by an unmanned aerial drone. His fellow servicemen say the soldier is "a hero" who didn't hesitate to strap himself to the hexacopter drone and fly back to his unit.

US has resumed sharing intelligence with Ukraine about Russian strikes, says Zelenskyy

20 October 2026 at 20:32

Advance warnings of missile attacks were seemingly suspended last week by the White House, but Ukraine’s president says: ‘Now it works’

The US has resumed sharing intelligence with Kyiv about Russian missile strikes, Volodymyr Zelenskyy said on Tuesday after a meeting with the US envoy Steve Witkoff in Norway.

He said Ukraine was again receiving advance warnings of ballistic missile attacks, which were seemingly suspended last week by the White House. “Now it works. It’s great,” he said, adding that the US move would save lives.

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© Photograph: Heiko Junge/Pool NTB/AP

© Photograph: Heiko Junge/Pool NTB/AP

© Photograph: Heiko Junge/Pool NTB/AP

CEF Energy backs major modernisation of Slovakias Čierny Váh pumped-storage plant

20 October 2026 at 08:31
Through the Connecting Europe Facility (CEF) Energy, the European Union is supporting the modernisation of the Čierny Váh pumped-storage hydropower plant in Slovakia by enabling its conversion to variable-speed operation. The EU is funding both the preparatory studies and the first phase of works under the SE Integrator project, led by Slovenské elektrárne, a.s. The […]

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