or the russian a defense systems or shooting down of $45.00 drones overnight at the same time repelling the page to penetrate deeper into the quota screech. and also it had for an attorney to have the discussion with the findings in terms of their, their focus denying any involvement, washington admit to consulting pm on diving. gosh. and russian intelligence says that us, somebody with a group holding their old coordinating new frames and a menu for exit company to india is probably gonna send a render body is set to arrive as opposed to load. and in hopes of finding a road bike to steve, the

pro palestinian protest erupt in chicago was democrats, hold a national convention, with vice president come on a higher risk making a virtual appearance to celebrate her official nomination as a presidential candidate. the bright and early wednesday morning here at most go with all guest and correspondence study by the code. this is on the internet. it's our top story for you this hour right here or not. a $45.00 drones have been shut down and the skies of russia overnight, 11 of them were on approach to moscow is that a defense systems kicks in to get to repel via tech of the yeah, so do you just circulating with social media kept at the moment of i, one of the areas intercepts and the most coverage and emergency services are

assessing the scenes and there is a no damage or injuries been reporting. as of right now. now this does the colonizer crate and troops fail to move deeper into rushes quarter to screeching. a key of a suffered major loss is on the battlefield, is there a time is all being repelled by russian forces. a rush of me 35 multi role come by, take off the structure, ukrainian positions. i think you have some military equipment of the russian defense minister reporting ukraine has lost over 4000 troops and this failed in coach. and i think the $350.00 were taken out of action in just the last 24 hours. well, let's go straight to the region now. costing liked watching. corresponding eagerness . donald standing by for us out in colorado. so good morning. see, we go to take us through, if you would, the very latest in the region where you as well, totally, rory, basically fish counts of fighting has been raging all across the war theater here in the course grades and basically the ukrainians have been trying to expand the

presence of the russians, so along the border and the russians in to have been denying them this opportunity . speaking with the boys on the ground, they're telling me that the 2 made jo raw, the 3 major, all the sports of the town of so just and it's vicinity, the town of quoting you about the town of bush cool. but basically i'm the towards the russia ukraine and board of the smaller towns and talked about. and so and, and so, and basically basically that area in the town of quoting you by the fighting has been especially c is the past couple of days because the ukrainians, often they failed to take on that locality you had, don't they kind of, they seem to be surveilled the area as a i'm. they are tempting new advances and basic a new assault on the town. now, when it comes to the geo political stage of affairs, as of now, the pentagon that has now finally openly,

has begun to openly admit that they are indeed speaking with ukraine and that they are coordinating their actions key when it comes to cubes or perish. oprah ration in the course, grades and is us ready to open. we probably support the craze, operation and curse if not, why not? look again or, or continue to have the discussions with ukrainians in terms of their, their focus. you heard presidents a lensky, say it was to create a buffer zone. so we're, we're having those conversations to learn more about what their objectives are. again, if you take a step back from the us perspective, our focus continues to be enabling ukraine to be a free and southern country that can deter russian aggression in the future. and so that means that continues to be our, our focus. but when it comes to what their longer term objectives are here, that's something that we're still discussing with. so when you crane's operation here in the course region just began, washington says, went

a will on the did not comment on the situation for the past couple of days. only to come forward to step forward later and say that they were kept in the dark about this operation. again, that statement was almost immediately contradicted to by a public address uh, by a ukrainian high profile official. in fact, the advisor to the head of the ukranian presidential office, who reveals that a prompt, the key of who was in touch with washington on the washington did indeed was briefed on ukraine's plans to carry out this border in cash. and now rushes for an intelligence is confirming as it is stating itself, is that indeed this operation is coordinated very widely by nato. excuse me, by nato countries. according to available information, the operation of the armed forces of ukraine and the cursed region was prepared

with the involvement of the security agencies of the us. written in poland. military advisors from nato countries are helping with the coordination of the invading units and with the use of western weapons by the ukrainians. now of course book you have in washington, they like that the will be attention both in russia and in the world is glued unders. the sports light is on the events here in the course region because elsewhere, the road, basically the ukrainian army is losing ground and has been using ground very fast. recently the ukrainians have lost a keep logistical town of they've got to what's going well basically it is. it was called new york on the ukrainians that you pre named it after 2014. now it is now that it's under the rushing control, russian has made the point of retaining older uh, previous names to, to, to the towns that had been renamed by key. so the town of new york, which, yes,

it did exist in ukraine. now is north go to a scan, it is a major loss for the trade ins. again, it's a major logistical hub. and it does allow russia to think of and to basically to move forward on the, to plant operations to uh, to liberate more tact cheese of that going towards the river. yeah. you go to, you know, when you talk about the circle, the trophy radio is being seized by russian soldiers across the battlefield. you know, we've heard the voices, we've heard them before the, the other side, speaking polish, speaking french, very clear american accents as well. so i guess to all the chapter heard from the trophy a will get told is does confirm exactly what your telling us here today on i'd say across. we're not able to stand off. thank you. it earlier we did hear from a former us apple as lieutenant colonel, a chiron clear koski is that a certain place in washington was very well aware of the ukrainian and caution

intercourse. the 1st time. i don't believe that the us was as surprised by this invasion as they say they are. i don't, i don't think that the, i think elements of the united states department of defense and intelligence community were aware of it. i think they're trying to push russia into an over reaction or a, the kind of response in ukraine that would revive nato enthusiasm for supporting ukraine. because we know that enthusiasm is, is a drawing up. the money is drawing up and the willingness to support ukraine in this saddle is, is diminishing. we know from the very beginning, from even before 2014, that the united states has been heavily involved in every aspect of ukraine's politics and it's military and the strategic and tactical decisions that you can make. so we already know the united states is directly involved and has been they,

the state sees ukraine is a battering ram with which to beat russia. that's been their goal from the very beginning. and while your brand new forces have devoted resources to the court of sc region, a russian soldiers are involved in a pop crops reaching the russian president. meantime, as been visiting chechnya, where he was met by the leader of their public problems on duty off along with volunteers who are on a route to the front lines. as i didn't put in singled out the coverage of those who faced the battles. i had the different times even the most difficult. there were people like you who did not spare themselves for the sake of their homeland. and for the sake of the future of our people, you make difficult decisions for yourself. it's one thing to shoot at a shooting range here, but it's another thing to put your life and health in danger. but you have an inner need to defend the motherland and the courage to make such

a decision. if you have made such a decision, then you have already one of them. i want to thank you for a decision of this kind. and from the bottom of my heart, i want to wish you good luck. and as long as we have men like you, we are definitely absolutely convinced that single as of the hills radon is you can see on the map right here. if russian forces can take the key logistics hub and the tunnel for crowds getting done by us, it would create a key breakthrough for the russian offensive. are you creating and officials are now sounding the law of a key as losses. under such circumstances, the occupation of elk grove is a matter of the near future until our roads is living out since days. it looks as if we are giving up on the donut screeching the stature of minutes. your operations of the 11th year of the will. the lawns, in which thousands of ukrainians laid down their lives for ukraine. the situation is very tense and it is getting worse, while po cross still has 2 weeks according to calculations. myrna grad does not

have that time. murnet grad has only a few days left. maybe a day to 3 for the 2014 code for cross was called cross the ar may sc named after the sylvia for the army which defeats it did not sees it as one of the cranes main defensive strongholds as a key logistics help. and the don't that script public, it's liberation would compromise, you craze, defensive abilities and supply rooms. and it would also allow russia to liberate the entire region. it would be a game changer, a real game changer. i liked kids incursion into russia, which has turned out to be a disaster. samantha, since altamont forces arrived in this area, we have stopped the enemy completely. we have halted the enemy's advance and are now destroying them within this area we have in circles. oh, but the hopes were so high. well, instead ukrainian soldiers are now reporting that they are lost,

confused and disoriented. they are getting less time munition than before, losing a lot of manpower and the machinery, including those price. the weapons from the west, the course concurs. any has turned into a fiasco who's done associated usual cost in this case. so he's trying to find benefits, no appeal, no moral and ethical. i was looking for political, cynical, rational benefits from cost. and unfortunately, i did not find the crating of the fighters have reported that russian a forces have really amplified their might. since that encourage and leaving many wondrous what the points of the incursion walls. and one thing about everyone seems to agree on now. even western mainstream media is that it worked in russia's favor . russian soldiers are still grinding their way through. ukrainian defense is capturing villages and towns and bringing moscow closer to the stated goal of complete control of the domestic region in eastern new green. on monday,

russian troops appeared to have captured nearly all the town of new york entered nearby tourist and were encroaching on the logistical hub of poke rask. it seems like campbell's bank in a rush or a band and in all of its positions and jumping. so of course, defense supposedly allowing a brake fluid for ukraine bought so according to soldiers and the military experts, that assumption was once again faulty. despite the successes of the defenders and the curse region, the russians have not yet transferred their troops on mass from here said u cranes. 40 seven's mechanize brigade. its main strike force remains to have on the other hand, did move its troops from the on that scan height of where the spear says battles are on the way. and the financial times has reported that ukraine sent over $10000.00 soldiers, including many of its elite airborne forces and mechanized gates to course. and it all begs the question, was it worth? it certainly doesn't look like it. and as the training and conflict escalates,

india is pregnant is not in the range remote. he is headed to poland on then to ukraine in hopes of finding some kind of roadmap to peace over. now to watch these old ones and shot them i explaining what is the importance of district in the so surely confirmed prime minister in the range of motives was a new queen. a new we've pointed, remember, last month from municipal having to move the walls and law school to meet president fulton who described him a video friend. now the upcoming visits by the engine to i'm going to store is seen as an ultimate balancing yet by india. this also is a landmark in historic visit, since this will be the 1st time that an indian 5 minutes to really be visiting you can in more than 30 years. since the diplomatic relations were established between the countries on our part to india continues to engage with all the stakeholders

and some of the as i had conversations with leaders of both trash out and you k as in on time this started also visited the shop recently is willing to provide all possible support and contribution required to help find peaceful solutions to this complex issue. you're saying the manager, this child, when they get an interest by engaging bowling with the west, so as well as russia reflection office knew was suspicion of mute silent team in del sol as the leading voice of the global south, advocating for peace and stability. been very well aware that the best part of the was the most effective by the ravages of the conflicts the west is engaged in. can we altogether ticket positive approach so that the voice of the global south is raised in this back for the future? let us together get recognition for 2 thirds of humanity. body has spoken to this case several times since the war broke off is also met him twice during g 7

summit's. last day, our zalinski wanted to be invited to india for the g 20 summit funding that was hosting india, north and white tim lensky, invited 5 minutes and arrange a movie for the the song. so yeah, this aaron, switzerland prime minister maureen's movie, did not go. now. this has led to some believe the india is out in ukraine while the fact to the mass of remains that's simply true. in new approach, no new delhi has been of the center of march western criticism. why? because india did not condemn russia for the war. new queen, also into his continued, it's in gaithersburg with law school, the spies west infections. what are they doing? i'm grateful for the attention you paid to the most acute problems, including trying to find ways to resolve the ukrainian crisis a peaceful way. first of all,

i was happy that we both could share opinions on you green with an open mind and in detail. we respectful listen to each other in days, ready to provide support for the restoration of peace. i was very happy to listen to your opinions on a piece. i assure you, in the global community that in your favor space. after listening to my friend, president pushing, i'm hopeful for peace. all this to pay is against the back talk of need to need is meeting in washington. read, came the narrative that russia is isolated when charles war and margie of nasal need us meeting with zaleski. this hope it shows the reading didn't from minnesota . how the president, poor thing know soleski labels. this was an explanation going from minnesota last for the she only this appointment to live in the main things. it's a ton of list asking defendants for this policy. you must understand that india has

long standing relationship with russia, and that is based on which other differences you know, most people are. what are the country that have the freedom of choice? it is essential for everybody to be mindful off and appreciate such realities. this was, it also comes in the back job of an explanation of the russia, ukraine conflict and other members who even a few lead, also been both to must go and give since the beginning of the war or want to was yours ago in the us foreign policy has reactivated a negotiated statement, which is accepted to both parties as a priority with this with it, knowing the more than would be hoping to bring that one step closer. well, that's the conflict drags on. keith is struggling to finance as military. the international monetary fund has a advocate for us solution is address tax hikes as addressing the key of sponsors looking for ukraine to maybe start tiring its own economic button. the will will

last longer. the war is i'm likely to end this year. unfortunately, it will extend into next year. the donors are looking for ukraine to play as part in, in progressives me over time becoming more self for lunch. and so consequently, a progress adult saying that the tax package will into in stone is wanting us to continue support your crime side of the proposed tax hikes include boosting. so cold military fees on salaries from one to 5 percent will supply and 815 percent tax on real estate sales and new car purchases to find the middle tree, a one percent tax for all enterprises is also expected to be imposed. here the us special representative for the ukraine economic recovery group size. the ukraine has more sources of possible income, suggesting the reforms will get funding from individuals who currently evade paying

taxes. so they propose that tax increase comes as a ukrainian m. p has accused key of all the unprecedented levels of corruption that he wouldn't go to the level of corruptions off the scale. today is overtaking the pre war. one, the business is talking about kickbacks from 30 to 40 percent. this has never happened before. i think that you had a cold, but just to be in the raw stuff and saying that was possible with 4700000 euros are carried in the trunk of cars. when deputy ministers take bribes of 500000000. how does the minister not know about a lot since the beginning of the complex or ukraine has faced up multiple corruptions guy, and those are one of the biggest happen to see $140000000.00 just vanish of the money was allocated by washington and intended for the purchase of mortar shells after that, several of us congressmen, acute ukraine of being the world's most corrupt country. it wouldn't be the 1st time that's happened by the way. certainly,

according to what the western media use to say, mr. eric kraus, joining us here. a fixed income strategies just good morning eric. my goodness me, you know you're, you're good. like jumping the bit to say something i did just or just before you do, i just wanted to say, you know, as a fridge has downgraded ukraine's uh, credit right into our d, which is what restricted to fold. a t f as now suspended external debt payments to october. and now the i m f is saying no, no, no, the best solution is to raise taxes in you crazy. so call the administrative fees where we standing today. eric, how do you, how do you read into this? i'm sorry, this is, this is slightly a bad joke. the ukraine is now a passed through structure. basically the money is flowing in from the west. um, some of it is being infect stolen by um, but you crate in government officials who realize that this story is not going to

go on forever. that at some point there is going to be a partition and they are going to end up the prompt ukraine, which is going to be a protector in a colony of brussels. and brussels is going to send the vice council. they are to try to straighten and clear straighten things out because this is simply too expensive. the days when western europe couldn't afford to spend hundreds of billions of dollars to be slowed, eastern germany are gone. the budget deficits are creaking almost every place, especially in the us. and there's the owner fatigue. so they are, yes they are. there's a lot of noise about corruption of ukraine. i used to do a fair amount of business and ukraine of 10 or 15 years ago. it was very much like the rush of the 1990 and the early 19 ninety's. you didn't even try to do anything

without paying off the official, the appropriate officials. and that really hasn't changed right now. everybody's trying to fill up their, their suitcase with cash. yeah. before the music stops. yeah, yeah it's, i think it's a very, very good point. it's, it's a painful truth. i think you're absolutely right, eric. well, what do you think? i mean, so if it shows downgraded ukraine's credit rating to our de restricted default. and if key, if it's suspended, external debt payments to october, the i am am says in post taxes you think you have will impose fees. i am a suggested tax hikes. they say they probably will, and it's not going to make any substantial difference. we are talking about hundreds of billions of dollars a year to sustain the cube regime. and that money is simply not available and they're not going to be able to generate that internally, especially because there's hardly ever any electricity left. the industrial

infrastructure has shut down, all they are is, is agricultural exports. and that's trouble, as of right now, that is going to provide some revenues, but not nearly enough. so we're rearranging the deck chairs on the titanic, basically. and so that's a great comment from you, erica, you know, i mean, you talk about these tens of billions of whether it's dollars or you are to so to be pumped. and the key of at a time when america and europe infrastructure is failing, people kind of pull the credit cards that mortgages, the kids school freeze for example. and you know, all these tens of billions pumped into a key of where eric has all this money gone as well. some of it has gone into the pockets of politicians. mister zalinski is friends of the various power structures. others have, have gone to sustain a very expensive war. if the point is you cannot win

a war with dollars. it doesn't work that way. you need to have really motivated troops to, to fight these battles. and they just don't have those anymore. and certainly in the cursed incursion, this was a hail mail mary pass. it was a last desperate attempt to win some p r points and to distract russia, which has failed. so the money has been spent. the point is that to rebuild even the rump ukraine, we're talking about somewhere between $700000000000.00 and the trillion dollars with a t, a trillion. this is serious money and i have no idea where anybody expects to find that. i think the, the rump ukraine is going to remain a protectorate of the d. u for a substantial period of time to come. we can only hope that peace breaks out sooner rather than later. while we are still some live tag to young ukrainians to read,

populates a place. meantime black rock cuz you probably know that is now bowed up. so much of a territory of ukraine is now told keeps a stop burying its dead soldiers in the ground that's been boiled by black rock. they say it's a conflict of interest with their investments. can you imagine that, eric? well, that's probably fertilize the fields quite nicely. i haven't heard that. i do know that the american big funds have bought up the only really valuable assets remaining in ukraine's ukraine, which is the agricultural land for black ers built a truck. so as is, you know, that is one good aspect. yeah. but i think the hope that the foreign bond holders or the foreign governments will have they quote, those to ukraine get paid back is, is pretty far fetched. yeah. it's going to be a tough one for black rock and avalon. got to get all that money back that they've invested in the territory of ukraine. eric cross is

a fixed income strategist joining us a lot from hong kong and approximately 1 30 pm local time. it's been a pleasure, eric. thank you very much. thanks. thanks for having me. who always? all right, just in case now over to the negative states where pro palestinian protest erupt. it on the 2nd night of the democratic national convention in chicago. the right, it's got the right outside the is really comfortable in chicago, waiving palace and unified, challenging words of support for gardens and attendance. stand off with police officers like to separate the rest of the capital. some protesters, 2nd american flag on the back just as a few kilometers away. the 2nd night of the democratic national convention was filled with a chorus of indorsements full combat harris, who had been of course, officially chosen as the democratic candidate. and while she address still follows,

she failed to mention the protests, apparently not even knowing why voters are supporting her. have a haven't listen to this. the vincent. well they just completed their rules. oh. you need to be the next. the the what do you think trouble probably are gone. it's gone. would definitely get back to present. yeah. yeah, absolutely. what's your favorite? think almost done the last 4 years. honestly, i actually don't use this color. come on come all away. well, she's honestly. okay, well i'm not going to, i'm not super knowledgeable, so i can't really speak too much on the com what, what do you think?

yeah. do you know tim was, is, is it, i mean, i'm asking the same question, right? because i've, i've been doing my research lately, so i ain't got a 100 percent yet. so i came out of a trouble comma homeless. what's your favorite thing about the last 4 years that economy has been vice president, vice president. yeah, the power of the west and media, there's a reason why it's called programming. now is if the democrats campaign and not being kicked enough, it seemed that no one got the message to the printers in time with the program for the convention to a noise come a lot higher. so it's kind of it for the presidency, making plenty of mentions full drove items bid for a 2nd time. the president boynton, vice president, harris and democrats, were running to finish the job in a 2nd volume and to we'll make that navigate to program permanent and include new

lenders, new markets, and federal taxes with the 2nd term in office president volume and will continue to work to prevent cancer. well, i, you know, there's been a lot of inciting behind the scenes in the democrats. i mean, and this is really an example of how, you know, people had originally got behind bided. and then now they're just supposed to accept harris. and it's kind of just being put out there. and you'll also notice the slide is still her being in the, in that press release about the he was going to cure cancer, which has not happened, of course. and you know, you have this press release, still talking about vitamins and let's face it, it really the whole i'm by to ministration is for my mom is now right. so carried over and working for somebody new now they're just carrying over and working for harris. i don't think there's going to be huge policy changes and if you notice, here's how.