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July 21 WHAT? The SWIFT system (Society for Worldwide Interbank Financial Telecommunication) is a global messaging network that facilitates secure, standardized, and reliable communication for financial transactions between banks and financial institutions worldwide. It plays a critical role in international finance, including India’s oil trade with Russia. Main Points About the SWIFT System Definition and Purpose: SWIFT is a cooperative society founded in 1973, headquartered in La Hulpe,...
July 06
June 02 SUMMARY On June 1, 2025, Ukraine executed a bold and unprecedented drone offensive deep within Russian territory, targeting multiple strategic airbases in an operation codenamed "Operation Spider's Web." This meticulously planned mission, overseen by Ukraine's Security Service (SBU) and President Volodymyr Zelenskyy, marked the most extensive and far-reaching drone assault of the conflict to date. Key Highlights Targets and Impact: The operation struck five Russian...
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