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Oleh Luhovskyi, First Deputy Head of the Foreign Intelligence Service of Ukraine: "Oreshnik is a Tool to Intimidate Our European Partners"

Ukrinform spoke with Oleh Luhovskyi, First Deputy Head of the Foreign Intelligence Service of Ukraine, to understand what lies behind Russia’s carefully constructed façade. The discussion covered Moscow’s objectives to be achieved on the battlefield, its actual military capabilities, the state of the Russian economy, how long Russia can continue financing the war, and the role played by its key partners—China and Belarus.

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moscow at the World Defense Show 2026: Export Ambitions Undermined by War and Sanctions

On February 8–12, Riyadh will host the World Defense Show 2026 – an international defense exhibition where participants will discuss technological advances in the air, land, sea, space, and cyber domains. The event organizer, the Saudi Arabian General Authority for Military Industries (GAMI), says 925 companies from 80 countries will be there. Against this backdground, russia’s presence is more of an attempt to stay in the spotlight than a sign of a comeback.

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The Banking Crisis in russia Has Already Begun

In 2025, russia’s banking system lost its key signs of stability, despite the regulator’s reassuring rhetoric. Banks’ net profit fell by 8% compared to 2024 and amounted to $45 billion, while return on equity fell to 18%. The deterioration in financial results occurred against the background of a sharp increase in provisions and the rising cost of attracting resources caused by tight monetary policy.

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In 2026, the Fuel Market of the rf Will Remain Vulnerable

In 2025, price growth in russia’s fuel market exceeded normal inflation trends: retail prices for petrol rose by 10.8 %, and for diesel fuel – by 8 %, with officially declared inflation at 5.6 %. The key factor was unscheduled repairs at oil refineries, which caused a significant reduction in production.

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Ukraine and the World – Against russia’s Aggression. Sanctions in Action

France will allocate another EUR 70 million to support projects to be implemented in Ukraine under the Critical Infrastructure Support Fund. French partners will also transfer 150 generators to Ukraine this month.

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There Will Be a Significant Step: We Expect a POW Exchange in the Near Future – Address by the President

There was a report from the Foreign Intelligence Service of Ukraine. An important part of the report focused on Russia’s tanker fleet, which is operating specifically to sustain the war. Unfortunately, the Russians continue to exploit various jurisdictions around the world, operating under different corporate covers. They are exploiting Europe as well – and this is extremely serious. In 2025 alone, Russia involved more than 122 vessels in its oil trade that are operated or legally owned by European entities.

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The kremlin Is Preparing a Large-Scale Provocation with Human Casualties

We predict with high probability a transition from manipulative influence to the rf special services’ armed provocation, resulting in significant human casualties.

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DECREE OF THE PRESIDENT OF UKRAINE No.100/2026

On the Temporary Performance of the Duties of the Head of the Foreign Intelligence Service of Ukraine

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The kremlin Is Preparing a New Doctrine of Digital Control, Declaring Western Technologies a Threat to the rf

In the coming years, russia may switch to a “white list” model on the internet, whereby access will only be granted to state-approved resources. In parallel, there are plans to strengthen surveillance tools, including the criminalization of uncontrolled communication channels and the mass deployment of facial recognition systems.