Russia's Offensive on Kharkiv: Implications and Developments

Russian forces are advancing on the province of Kharkiv in Ukraine, potentially drawing scarce Ukrainian resources away from the frontline and dealing a blow to morale. The attack is seen as part of Russia's strategy to exploit its advantage in weapons and manpower before Ukraine receives military aid from the US and deploys additional forces.

The West accuses China of militarily supporting the Russian war of aggression in Ukraine, as Russian President Vladimir Putin plans a state visit to China. Major banks in the Eurozone have significantly reduced their engagements in Russia, while Germany and Nordic countries promise Ukraine further arms deliveries.