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Russia has stockpiled missiles for winter attack on Ukraine, says Nato

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Russia has stockpiled missiles for winter attack on Ukraine, says Nato

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Russia has built up a large stockpile of missiles and intends to use them in a bid to destroy Ukraine’s power and heating infrastructure in the coming months, Nato’s secretary-general has warned.

With the front line largely frozen after Ukraine’s autumn counteroffensive failed to make significant gains, Kyiv has stepped up calls for more air defence supplies from its western allies as it girds for another winter bombardment.

“Russia has amassed a large missile stockpile ahead of winter, and we see new attempts to strike Ukraine’s power grid and energy infrastructure, trying to leave Ukraine in the dark and cold,” Nato secretary-general Jens Stoltenberg told reporters in Brussels on Wednesday.

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“We must not underestimate Russia. Russia’s economy is on a war footing,” he said following a meeting of allied foreign ministers and their Ukrainian counterpart.

The warning from the head of the US-led military alliance, which Ukraine has applied to join, comes as EU countries and US lawmakers continue to squabble over respective new financial support packages for Kyiv proposed by Brussels and the White House, raising questions on the longevity of western backing as Russia’s invasion grinds on.

Antony Blinken, US secretary of state, said he saw “no sense of fatigue” among Nato members regarding support for Ukraine.

Russia is planning to spend Rbs10.8tn ($122bn) on defence next year, three times the amount allocated in 2021, the year before the invasion, and 70 per cent more than was planned for 2022, according to a bill on Russia’s budget that President Vladimir Putin signed on. The enormous sums in Russia’s record Rbs36.6tn budget for next year will take defence spending to 6 per cent of gross domestic product.

Arms manufacturers are working three shifts a day to meet the defence ministry’s orders. Several civilian factories have shifted to defence production, as well as some non-industrial sites including a bakery that now makes drones.

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Putin told arms makers in September to “raise production capacity in the shortest possible time, keep facilities as busy as possible, optimise technological cycles, and cut down production time without lowering quality”.

Russia’s intelligence agencies have also stepped up their operations to import western dual-use technology — goods that have both potential civilian and military applications — for the defence industry.

The rush for parts has forced Russia to seek ways around western sanctions and export controls by smuggling western-made technology through third countries such as Turkey, according to western officials.

Despite Putin’s orders, Russia is not putting an emphasis on quality, accepting whatever parts arms manufacturers can get their hands on to increase missile production, western officials say — even if that makes them less accurate.

A senior Ukrainian intelligence official told the Financial Times that Russia was now receiving frequent shipments of munitions from Iran and North Korea, including Iranian one-way attack drones and North Korean artillery shells and rockets.

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The artillery is arriving in quantities that will ensure Russian troops can at least continue fighting at a level consistent with the hostilities in recent months, while the drones are likely to be used along with long-range missiles in Russia’s attacks on Ukraine’s critical infrastructure over the winter months.

Stoltenberg’s remarks come after Russia launched its biggest drone attack of the war on November 25, targeting Kyiv’s energy infrastructure and signalling what Ukrainian officials fear marked the start of a winter air campaign.

Ukrainian President Volodymyr Zelenskyy on Tuesday said his country’s air defences have had a success rate of more than 90 per cent in intercepting Russian missiles and drones in the latest wave of attacks. But he said Kyiv still needed more help from the west to get through the tough winter ahead.

“There is a clear need to develop and reinforce our mobile firing groups, as well as to get all highly effective air defence systems [from western partners],” Zelenskyy said.

Stoltenberg said Russia was “now weaker politically, militarily and economically” than before the February 2022 invasion and had “lost a substantial part of its conventional forces. Hundreds of aircraft. Thousands of tanks. And more than 300,000 casualties.”

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Oleksandr Lytvynenko, Ukraine’s chief of foreign intelligence, wrote in a rare public report on the war last week that Russia’s military had been weakened but that Putin had set his economy on a war footing, significantly increasing its arms production which is likely to continue at least until 2026.

“The Kremlin believes that it has enough resources for hostilities with Ukraine at the current level for a long period,” he said. “At the same time, Moscow is convinced that Ukraine’s internal resources are allegedly ‘approaching complete exhaustion’.”

Russia’s goals in Ukraine, to gain as much territory as possible, remain unchanged, he added. Going into winter, the conflict had now fully attained the “stage of a war of attrition”, Lytvynenko said.

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South Korea’s President Yoon Suk Yeol arrested after stand-off with police

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South Korea’s President Yoon Suk Yeol arrested after stand-off with police

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South Korea’s suspended President Yoon Suk Yeol was arrested on Wednesday morning following a predawn raid by police and investigators on his fortified hilltop compound.

Yoon’s detention followed a six-hour stand-off between law enforcement officials and members of the president’s security detail. It is the first time in South Korea’s history that a sitting president has been arrested.

The development marks the latest twist in a political crisis that was triggered by his failed attempt to impose martial law last month, and which has shaken confidence in the democratic integrity of Asia’s fourth-largest economy.

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Yoon was suspended from his duties after he was impeached by parliament in December following his attempt to impose martial law. The country is currently being led by finance minister Choi Sang-mok as acting president.

The operation on Wednesday, which began shortly after 4am, was the second attempt this month by the CIO to detain Yoon for questioning on insurrection and abuse of office charges.

An initial effort earlier this month was foiled by Yoon’s protection officers following a tense hours-long stand-off at the presidential residence. Yoon had previously refused to comply with investigators and had challenged their authority to bring him in for questioning.

“The rule of law has completely collapsed in this country,” Yoon said in a video statement recorded before his transfer to the headquarters of the country’s Corruption Investigation Office for questioning. “I’ve decided to appear for CIO questioning in order to prevent any bloodshed.”

According to South Korea’s state-owned news agency Yonhap, police and officials from the CIO arrived at the compound early on Wednesday and presented a warrant for Yoon’s arrest but were again initially prevented from entering by the Presidential Security Service.

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Yonhap also reported that about 30 lawmakers from Yoon’s conservative People Power party were at the compound and attempting to prevent officials from entering it.

But with hundreds of police gathered outside, some of them equipped with ladders and wire cutters to overcome barricades erected by Yoon’s protection officers, CIO officials were eventually allowed to enter the residence.

Yoon’s lawyers initially attempted to broker a deal whereby he would surrender voluntarily for questioning. But this was not accepted by CIO officials, and he was eventually arrested just after 10.30am and transferred to the investigative agency’s headquarters.

“Yoon’s arrest is the first step towards restoring our constitutional order,” said Park Chan-dae, floor leader of the leftwing opposition Democratic Party of Korea. “It underlines that justice is still alive.”

While Yoon’s powers have been transferred to Choi as acting president, he remains South Korea’s head of state while the country’s Constitutional Court deliberates on whether to approve his impeachment or reinstate him in office.

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The court held its first formal hearing into Yoon’s impeachment on Tuesday, but the session was adjourned after four minutes because the suspended president declined to attend, citing concerns for his personal safety.

The efforts by the CIO and police to detain Yoon for questioning relates to a separate, criminal process connected to his failed imposition of martial law. Yoon’s lawyers insist the CIO has no standing to pursue criminal insurrection charges against him.

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SEC sues Elon Musk, says he didn't disclose Twitter ownership on time before purchase

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SEC sues Elon Musk, says he didn't disclose Twitter ownership on time before purchase

Elon Musk speaks as part of a campaign town hall in support of Donald Trump in Folsom, Pa., on Oct. 17, 2024.

Matt Rourke/AP


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Matt Rourke/AP

The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.

As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5% of Twitter’s shares. Musk bought Twitter in October 2022 and later renamed it X.

Musk started amassing Twitter shares in early 2022, and by March of that year, he owned more than 5%. At this point, the complaint says, he was required by law to disclose his ownership, but he failed to do so until April 4, 11 days after the report was due.

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Representatives for X and Musk did not immediately return a message for comment.

After Musk signed a deal to acquire Twitter in April 2022, he tried to back out of it, leading the company to sue him to force him to go through with the acquisition.

The has SEC said that starting in April 2022, it authorized an investigation into whether any securities laws were broken in connection with Musk’s purchases of Twitter stock and his statements and SEC filings related to the company.

Before it filed the lawsuit, the SEC went to court in an attempt to compel Musk to testify as part of an investigation into his purchase of Twitter.

The SEC’s current chair, Gary Gensler, plans to step down from his post on Jan. 20 and it is not clear if the new administration will continue the lawsuit.

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Palisades and Eaton Fires May Not Be Fully Extinguished for Weeks

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Palisades and Eaton Fires May Not Be Fully Extinguished for Weeks

It may take weeks or longer for firefighters to fully extinguish the two most destructive fires that have ravaged parts of the Los Angeles area, fire officials warned.

The sheer sizes of those blazes, the Palisades and Eaton fires, have presented a significant challenge. They have charred almost 40,000 acres combined and are still only partly contained.

Difficult weather conditions have also hindered efforts. David Acuna, a battalion chief with Cal Fire, said the persistence of strong winds, and the fact that fires were burning through homes, which can generate intense heat, made containment impossible when the blazes first ignited.

Crews have been trying to establish a boundary around the fires, using trenches, natural barriers and other methods to prevent further spread. But Capt. Erik Scott, a spokesman for the Los Angeles Fire Department, said, “It’s going to be a slow, arduous process.”

The emergence of smaller fires over the last week has further complicated efforts. Of particular concern was the Auto fire in Ventura County, northwest of Los Angeles, which grew to more than 50 acres before being contained. Officials worried about it breaking free again in windy conditions.

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These fires have required an immediate response from both air and ground crews to prevent them from growing, Mr. Acuna said, which diverts resources from the larger blazes.

Stopping the fires’ forward progress is only the first step. Firefighters must also extinguish all remaining flames inside the contained area.

Mr. Scott said this second part of the process would also take time. Among other steps, he said, firefighters need to use hand tools to scrape away brush near the burn perimeter and turn over smoldering piles to ensure nothing is hot enough to reignite.

These timelines are not unusual for large fires. In 2018, the Woolsey fire burned through nearly 100,000 acres in Los Angeles and Ventura counties, destroying over 1,600 structures. The fire ignited in early November and was not contained for two weeks. And it took until early January for the fire to be fully extinguished.

The Santa Ana winds that have repeatedly raised the fire danger over the last week have so far proven lighter than anticipated on Tuesday, but forecasters warn that wind speeds could increase on Wednesday. The region remains critically dry, with little rain expected in the near future. The combination of those elements is threatening to ignite more fires across Southern California, and could further hinder firefighters’ efforts.

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Erin McCann contributed reporting.

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