On Christmas Day, Russia launched a massive attack on Ukraine’s energy infrastructure, utilizing 78 missiles and over 100 drones. The assault targeted power plants and other energy facilities across multiple regions, causing widespread power outages and casualties. Ukraine’s air defense systems intercepted numerous missiles and drones, but significant damage was still inflicted. The attacks resulted in at least one death in Ukraine, disrupted heating for hundreds of thousands, and caused damage in Russia as well.
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A six-year ban on cryptocurrency mining, effective January 1, 2024, has been imposed in ten Russian regions due to the industry’s substantial energy consumption. This measure, potentially expanding to other regions during peak demand, reflects Russia’s ongoing struggle to regulate cryptocurrency despite its legalization in November 2023. While cross-border crypto payments remain permitted, the ban underscores the government’s efforts to balance energy needs with the evolving cryptocurrency landscape. Future adjustments to the ban are possible depending on energy demand fluctuations.
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The sanctioned Russian cargo ship Ursa Major, owned by Oboronlogistika and carrying two large cranes, sank in the Mediterranean Sea after an engine room explosion. Fourteen crew members were rescued, but two remain missing. The ship, previously named Sparta, was reportedly en route to Vladivostok, though Ukrainian intelligence claimed it was heading to Syria to transport Russian military equipment. The incident follows recent reports of Russian military withdrawal from Syria and other maritime incidents involving Russian vessels.
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Throughout 2024, Russian forces made significant territorial gains in eastern Ukraine, capturing key cities like Avdiivka and Vuhledar and steadily advancing towards Pokrovsk. Simultaneously, a Russian offensive in northeastern Kharkiv Oblast, though initially rapid, failed to achieve major breakthroughs, while a Ukrainian incursion into Kursk Oblast resulted in substantial territory loss. The year concluded with Ukraine facing a manpower shortage, looming defeats in several key battles, and the threat of a major Russian counteroffensive involving North Korean troops. The ongoing battles in Donetsk and Kharkiv Oblasts, coupled with a precarious situation in Kursk Oblast, paint a grim picture for Ukraine’s military prospects.
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Jointly, the UK Foreign Office and the US Embassy in Ukraine denounced Russia’s Christmas Day missile and drone barrage as an inhumane act, weaponizing winter against Ukrainian civilians. The attack, comprising over 180 projectiles targeting energy infrastructure and residential areas across multiple regions, was partially repelled by Ukrainian forces. Despite this, the assault resulted in further restrictions on power supply. This marks the third consecutive winter in which Russia has employed this brutal tactic.
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On Christmas Day, Russia launched a massive missile and drone attack on Ukraine’s energy infrastructure, striking a thermal power plant and causing widespread blackouts and heating disruptions, particularly in Kharkiv. Over 70 missiles and 100 drones were fired, with Ukrainian forces shooting down a significant number. The attack resulted in casualties, with at least seven people wounded and one killed. This marks the 13th such attack on Ukraine’s power grid this year, prompting accusations of inhumane terror tactics by Ukrainian President Zelenskyy.
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On December 25th, Russia launched a widespread aerial assault on Ukraine, employing missiles and drones to target multiple cities, including Kharkiv, Dnipro, and Ivano-Frankivsk. The attacks primarily focused on energy infrastructure, causing widespread blackouts and damage to power plants, as reported by Ukraine’s Energy Minister and DTEK. Poland responded by scrambling fighter jets following the missile threat in western Ukraine. These attacks follow a pattern of intensified assaults on critical infrastructure and represent a significant escalation of the conflict.
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The Russian cargo ship Ursa Major sank in the Mediterranean Sea on Monday following an engine room explosion. The vessel, reportedly evacuating personnel and equipment from Syrian Russian bases, was en route from St. Petersburg to Vladivostok. Of the sixteen Russian crew members, fourteen were rescued and two remain missing. The incident occurred in international waters off the coast of Spain.
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Examination of debris from a Russian Oreshnik missile used in a November 21 attack on Dnipro reveals a component with a 2017 production date, contradicting Putin’s claims of cutting-edge technology. The missile’s components, including a control system linked to Roscosmos contractor NPTSAP, suggest production began around 2017-2018, likely utilizing older technologies and components from other Russian missile programs. This finding further supports accusations that Russia violated the INF Treaty. Ongoing analysis promises to reveal more details about the missile’s origins and development timeline.
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A $1 billion loan, facilitated by the World Bank’s Growth Foundations DPL program and funded by Japan and the U.K., has been secured by Ukraine. These funds will bolster Ukraine’s economy and support crucial social and humanitarian spending. The loan contributes to broader economic development initiatives, including improvements to productivity and market access. This aid is vital given the estimated $486 billion reconstruction cost resulting from the ongoing conflict.
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John Q. Hosedrinker