Ukraine's new missiles, drones cause gas shortages in Russia, Zelenskyy says
Kyiv (AP): Strikes on Russian oil facilities by Ukraine's newly developed long-range missiles and drones are causing significant gas shortages in Russia, while on the battlefield a recent Ukrainian counter-offensive has derailed Russia's plans to capture parts of the eastern Donetsk region, Ukrainian President Volodymyr Zelenskyy says.
Ukraine's new Palianytsia missile has hit dozens of Russian military depots, Zelenskyy said. The Ruta missile drone, meanwhile, recently struck a Russian offshore oil platform more than 250 km away in what Zelenskyy called “a major success” for the new weapon.
Also, swarms of Liutyi and Fire Point long-range drones — up to 300 units in one operation — have hit Russian energy facilities, and Ukrainian forces recently fired Neptune and Flamingo missile systems at Russia, the Ukrainian leader said.
Russian fuel shortages and higher imports indicate that Ukraine's attacks are working, Zelenskyy said at a news briefing Wednesday. His remarks were embargoed until Thursday.
“The main thing is that (Russia is) now importing gasoline — that's a signal,” he said. Ukrainian intelligence reports show Russia has boosted imports from Belarus sixfold and removed import duties, while also bringing in fuel from China.
“According to our data, they've lost up to 20% of their gasoline supply — precisely after our strikes,” Zelenskyy said.
Russian officials have made no public comment about possible gas shortages.
The successes with weapons designed and manufactured by Ukraine are a welcome development for Kyiv after more than three years of fighting Russia's invasion, as Moscow deploys its bigger army and economic resources in an attempt to crush its neighbour.
Ukraine has received Western military aid but has been frustrated by restrictions imposed by the United States and European allies on deep strikes into Russia, out of fear of escalating the war.
Ukraine has poured huge efforts into weapons development and has fast become a global centre for defence innovation.
Zelenskyy said he wants the United States to provide Ukraine with additional long-range weapons, specifically naming American-made Tomahawk missiles that can carry large warheads but which Washington has previously refused to provide.
US President Donald Trump, who has been frustrated in his efforts to end the war by Russian objections, said earlier this week that he has “sort of made a decision” on whether to send Tomahawks to Ukraine. He did not elaborate.
“At the last meeting I did not hear no,'” Zelenskyy said of his request for Tomahawks, adding that US officials had agreed to work on the question at a technical level.
A delegation led by Prime Minister Yuliia Svyrydenko is due to travel to the US early next week for talks about air defence, energy cooperation, sanctions and the use of frozen Russian assets to fund Ukraine's war effort.
On the battlefield, Zelenskyy said the most intense fighting remains around Pokrovsk and Dobropillia in the eastern Donetsk region, where Ukrainian troops have launched a counter-offensive operation he described as “very difficult but very timely — and successful”.
“This operation derailed Russia's summer offensive campaign,” he said, adding that what he said was Moscow's plan to occupy much of the Donetsk region by November had failed.
Russian commanders have been ordered “to take Pokrovsk at any cost,” he said, citing intercepted Russian military communications.
Zelenskyy also said Ukraine has contingency plans to protect its natural gas infrastructure, which has been the target of heavy Russian attacks in recent weeks as winter approaches.
“We have Plan A and Plan B,” he said. “Plan A is to rely more on our own extraction. Plan B... is to switch to imports. We understand the volumes, the cost of those imports, and where to get the necessary funds.”
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What is Tax Holiday announced for foreign cloud firms till 2047 in Union Budget
New Delhi: Finance Minister Nirmala Sitharaman on Sunday announced a major tax incentive aimed at attracting global cloud service providers to set up and expand their operations in India. Under the Union Budget proposals, foreign companies that offer cloud services worldwide by using data centres located in India will be granted a tax holiday until 2047.
Announcing the measure, Sitharaman said the move is intended to draw global investment into India’s digital infrastructure, generate employment and strengthen the country’s role in the global digital economy.
A tax holiday is a policy tool used by governments to encourage investment. It involves a temporary reduction or complete exemption from certain taxes, usually corporate or income tax, for a defined period. Such incentives are often offered to promote specific sectors, boost economic activity and create jobs.
Under the new proposal, foreign cloud service providers will be allowed to operate globally using data centres based in India, but services to Indian customers must be routed through an Indian reseller entity. This structure is meant to ensure local participation and regulatory oversight while still allowing global companies to base their infrastructure in India.
Indian companies that provide data centre services to these foreign firms will receive a safe harbour tax rate of 15 per cent. Safe harbour provisions offer certainty on tax liability by fixing profit margins in advance, reducing disputes and making it easier for businesses to plan their operations.
The Budget also includes measures linked to electronic manufacturing. Non-resident companies will be allowed to use bonded warehouses in India to store components. These entities will be taxed on a profit margin of just 2 per cent of the invoice value, translating to an effective tax rate of around 0.7 per cent. The government says this rate is significantly lower than what is offered by many competing countries.
Explaining the rationale behind the move, Sitharaman said the policy would encourage large-scale investment in data centres and related infrastructure, create local jobs and help India emerge as a global hub for digital and cloud services.
