re: Latest Updates: Russia-Ukraine Conflict.

All and more than you need to know about Belgium's resistance to using the principal of the Russian Euroclear investment funds.

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Belgium’s opposition to using frozen Russian assets to finance Ukraine is increasingly indefensible. Brussels has offered to mutualise the financial risks, but Belgium has failed to specify what guarantees it actually needs. The problem is political, not legal. A thread 1/

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Belgium’s concerns fall into two categories: legal risks, notably court-ordered damages against Euroclear, and broader hybrid threats from Russia. The former are identifiable and can be insured against. The latter are inherently difficult to quantify 2/

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The most concrete disagreement concerned arbitration awards against Euroclear. Belgium wanted EU guarantees to kick in as soon as damages were awarded, potentially by an arbitration tribunal in Dubai, Hong Kong or elsewhere. Other governments and the Commission considered this unreasonable

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Why? Because an arbitration award does not automatically translate into a financial loss. It might never be enforced. Governments frequently ignore such awards. The Commission therefore proposed that guarantees should kick in only when assets were actually confiscated and a financial cost incurred. Belgium refused to accept this distinction

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The broader point is that Belgium’s position has become impossible to justify. The EU has offered to share identifiable financial risks. Belgium has demanded sweeping guarantees without defining their scope, triggers or costs. That is not a serious basis for negotiation

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In other words, Belgium is being classic Belgium.

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There is a reason that Douglas Adams (Hitch Hikers Guide to the Universe) made Belgium the worst swear word in the Universe.

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The meat grinder awaits.

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Estonia’s Internal Security Service (KaPo) deported Russian national Leonid Karabeshkin and imposed a Schengen entry ban on him. KaPo said he maintains extensive links to Russian intelligence and is “linked to influence networks such as CIRP, RuBaltic and Regnum,” plus sanctioned individuals

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The strikes targeted a school used for humanitarian purposes – people were receiving humanitarian aid there. After the first aerial bomb strike, there was a double-tap strike with nine more bombs, specifically targeting the shelter where people were taking cover. Tragically, 18 people have already been reported killed. My condolences to their families and loved ones. Five people have been injured. A rescue operation is underway at the site, and the search for people continues. It is extremely difficult. Military forces, first responders, and special services are involved.

The Russians could not have been unaware that every week, local residents who had remained in Komyshuvakha received humanitarian aid at that very location. And this is further proof that Russia wants no de-escalation and no real justice. After the humanitarian operation in Oleshky, there was a moment when the next steps could have shown that progress toward peace was possible. With these killings, Russia is sending an entirely opposite signal: Russia is counting on more killings. There must be a response to this – a response from the world. A strong and tough response. A response to Russia. And support for Ukraine. We must protect lives. Thank you to everyone who is helping!

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Zelenskyy's defence tech adviser announces protective "dome" over Kyiv that interferes with Shahed radio communications – photos

Tetyana Oliynyk — 2 November, 19:24



Serhii "Flash" Beskrestnov, an adviser to the Ukrainian president on defence technologies, has said a protective "dome" has been created over Kyiv that disrupts the radio communications used by Shahed drones.

Source: Beskrestnov on Facebook

Details: Beskrestnov explained that Russian drone operators use mesh radio communications to control Shahed loitering munitions remotely, so a protective dome had to be established over Kyiv to interfere with these signals.

Quote: "The task was large-scale and ambitious: a huge amount of work had to be completed across the entire city in just a few weeks.

All the major manufacturers of electronic warfare equipment were involved in the process, working around the clock to produce and install the equipment. The General Staff, the Ministry of Defence, the Ministry of Internal Affairs, the National Security and Defence Council, the President's Office and other units of the Armed Forces of Ukraine worked on the operation. The president supervised the operation throughout."

Quote: "We are talking about many hundreds of locations across the city for antennas and equipment. This operation has forced the enemy to pause, upgrade their Shaheds and look for other solutions."

Ukrainska Pravda

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Stealing/taking the money of a top three power on the planet should be done with the greatest care. Keyboard warriors need not respond lol

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Russia's GDP is 11th in the world, between Spain and Brazil. That also puts it below the GDP of each of California and Texas.

What's worse is that it has the structure of a Third World extractive economy as over 80% is derived from oil and gas exports. Very little is developed, diversified economic production. As this war is showing in spades.

The Belgians just want someone else to take the blame for these funds going to Kyiv. The EU is on record for splitting this risk, so the Kremlin won't be able to target any one country or office.

Watch for a 'power play', 'forcing' Brussels to give up possession, even though they 'fight like hell' to keep it. In spite of the drama, the pre-ordained result will however be the same - the money will be confiscated.

When it happens, De Wever will conveniently be out of the country. Way out, like in Japan.


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She's right you know.

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Ukrainian Armed Forces attacked the Yaroslavl Oil Refinery. "Slavneft-YANOS" in Yaroslavl is among the top five largest oil refineries in the Russian Federation. Its capacity is approximately 15 million tons of oil per year.

The facility produces gasoline, diesel, aviation fuel, and other petroleum products, supplying, among others, the Moscow region, airports, and Russian military-industrial complex facilities.

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YANOS was mostly offline after the 25 August attack. It was just recently restarted, with Ukraine waiting for Slavneft to waste the money, parts, and resources to repair the refinery in vain.

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The attack on Yaroslavl is still underway. Russian radar reports put the number of drones pushing toward the city’s oil refinery at up to 150. The pressure on Moscow’s defences is immense as the raid continues.

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Yaroslavl Oil Refinery - there it is. Russia's refinery capacity has almost certainly gone net negative again. Expect to see fuel shortages in the next 5 to 10 days. The distribution will be different, as regions in the Far East and remote parts of Siberia got their fuel supply for the winter.

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Where is radio money? The continuing saga of Russian corruption (pardon the redundancy) winning the war for Ukraine.

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Russia has spent tens of billions of rubles on secure military radios. Yet its soldiers in Ukraine are still going into the field with cheap Chinese sets. That includes analogue radios Ukrainian forces can readily intercept.

Russian Ministry of Defence footage from 16 to 30 October 2026 exposes the state of Russian tactical communications. The radios visible on soldiers in those official videos are mostly TYT digital handhelds, nicknamed “tuts” by Russian troops, alongside cheaper Baofeng analogue sets known as “bafiks.”

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Coincidentally... more changes in Serbia.

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After Vucic’s election defeat, Serbia’s central bank revoked Alta Banka’s licence. Its owner, Vucic ally Davor Macura, reportedly took $383 million in cash from the vault. He twice tried to flee to Moscow.

The bank welcomed Russians in Serbia. It opened accounts with little proof of funds and accepted ruble transfers. Now its customers cannot access their money.

It recalls accounts of Yanukovych’s 2014 escape from Ukraine. An empty vault. And $1.5 billion in cash allegedly carried away. Same destination, familiar instincts.

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What a week.

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