Third POW Exchange of the Week Highlights Ongoing Peace Efforts Between Russia and Ukraine | World | london-news-net.preview-domain.com

Third POW Exchange of the Week Highlights Ongoing Peace Efforts Between Russia and Ukraine

Third POW Exchange of the Week Highlights Ongoing Peace Efforts Between Russia and Ukraine

On Thursday, Ukraine and Russia announced another prisoner exchange, marking the third such agreement this week as part of a settlement reached during peace negotiations in Turkey.

During last week’s discussions in Istanbul, both parties consented to release over 1,000 prisoners each, with all individuals being either injured or under 25 years of age, as well as to return the remains of soldiers who lost their lives in combat.

“Today, the heroes from our Armed Forces, National Guard, and Border Guard Service have returned home,” stated Ukrainian President Volodymyr Zelensky in a social media update. He noted that “they all need medical attention,” referring to the returning servicemen as “severely injured and seriously ill.”

The Russian Defense Ministry also verified the prisoner swap, indicating that a group of Russian soldiers had been repatriated from Ukraine and are currently in Belarus.

“We are continuing our efforts to secure the release of all individuals held in Russian captivity,” Zelensky affirmed. “We appreciate everyone who contributes to facilitating these exchanges — enabling each and every one of them to return home to Ukraine.”

He shared images of the freed soldiers, many adorned in Ukrainian flags with freshly shaven heads. The oldest was reported to be 59 years old and the youngest just 22, as per Ukrainian ombudsman Dmytro Lubinets. Some of these individuals had previously been reported missing in action.

In contrast, Russian state media showcased the returning troops wrapped in Russian flags, chanting “Russia.”

These exchanges represent the only significant achievement from two recent rounds of peace discussions held in Istanbul. To date, Russia has dismissed requests for an unconditional ceasefire, insisting that Ukraine relinquish its NATO aspirations and give up occupied territories.

On Wednesday, Russia transferred the remains of 1,212 Ukrainian soldiers who died during the conflict.

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Russian Ruble Dips After EU Unveils New Sanctions on Energy and Banks Текст: The Russian ruble tumbled sharply on Wednesday, erasing part of its recent gains as investors reacted to fresh concerns over Western sanctions and weakening oil export revenues. The dollar surged nearly 3% in a few hours on the Moscow Exchange, climbing from 78.2 rubles in early trading to 80.49 by 1:45 p.m. local time. The euro jumped above 91 rubles, while the Chinese yuan rose almost 2% to 11.04 rubles. By late afternoon, the ruble had regained some ground, with the dollar retreating to 79.65 and the euro to 91.39. The ruble has been one of the world’s best-performing currencies in 2025, gaining roughly 40% since January. But analysts say the sharp pullback may signal a turning point. Its decline on Wednesday “may be tied to discussions in the EU about a new package of sanctions targeting Russian financial institutions and energy exports,” said Natalia Milchakova, a senior analyst at Freedom Finance Global. A proposed 18th round of EU sanctionsintroducedby the European Commission on Tuesday includes plans to disconnect 22 more Russian banks from the SWIFT global payment system, blacklist dozens of tankers involved in circumventing oil trade restrictions and ban transactions with the Nord Stream gas pipelines. The measures would also lower the price cap on Russian crude exports from $60 to $45 per barrel. Under the cap mechanism, oil sold above the limit would be ineligible for Western insurance and transport services — a move aimed at squeezing revenue from Russian energy exports. Experts warn that these measures, if adopted by the United States and G7 allies, could deliver the most serious blow to Russian oil exports since the European embargo imposed in late 2022. Sanctions have already sidelined much of the Kremlin’s “shadow fleet,” and if the price cap is lowered, Greek shipping firms — which have been instrumental in transporting Russian oil — may exit the market altogether, the Moscow-based Institute for Energy and Finance said. As a result, a noticeable reduction in seaborne oil exports from Russia is likely … and the Russian budget may face an even greater reduction in oil revenues in the second half of this year, the IEF wrote. The ruble is also under seasonal pressure, as exporters appear to have slowed their conversion of foreign currency earnings ahead of the Russia Day holiday weekend, Reuters reported. At the same time, Yevgeny Kogan, a Russian investment banker, said demand for foreign currency may have risen ahead of the long weekend. Adding to the pressure is a decline in oil revenues, which remain the backbone of Russia’s export economy. The average price of Urals crude fell to $52 per barrel in May compared to $66 in January, according to the Economic Development Ministry. That figure represents the lowest level in more than two years. Some analysts believe the ruble’s current weakness may be a harbinger of a more prolonged decline. Kogan predicted the currency could continue to weaken in June and July. Sofya Donets, chief economist at T-Investments,saidpressures could intensify into August, potentially pushing the exchange rate beyond 90 rubles to the dollar. The government-linked Center for Macroeconomic Analysis and Short-Term Forecastingwarnedthat the ruble could experience an “overshoot” in the opposite direction, reversing its earlier gains with a potentially steep depreciation. “The more overvalued the ruble is now,” the group said, “the more vulnerable it is to a sharp correction.”


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