7 Basic Materials Stocks to Buy to Anchor Your Portfolio

The movement of basic materials stocks requires investors to keep a keen eye on the state of the economy to determine profitability. Raw materials such as plastic, steel, and lumber will always be in demand. Here are 7 stocks to take advantage of the growing demand!

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Russian Missile Strike In Ukraine Injures Six, Damages Civilian Infrastructure

Benzinga Neuro
April 25, 2024

A Russian missile strike has caused severe damage to civilian and railway infrastructure in Ukraine’s Cherkasy region, injuring six people.

What Happened: The attack, which occurred on Thursday, hit the city of Smila, causing significant damage to civilian and railway infrastructure, Reuters reported. The strike was carried out using an Iskander-K missile, according to Ukrainian Air Force spokesperson Illya Yevlash.

The attack also resulted in damage to 47 private residences and shattered windows in a residential high-rise building, said Cherkasy Governor Ihor Taburets. The Ukrainian air defenses successfully intercepted the aerial target, and emergency services are currently working at the site.

This is not the first time that Russian forces have targeted Ukraine’s railway infrastructure. On Apr. 19, a strike in the Dnipro region caused significant damage, as reported by Ukraine’s national railways Ukrzaliznytsia on Telegram.

See Also: What Happens If Trump Gets Convicted? Will He Go To Prison? — Here’s How It’s Likely To Play Out

Why It Matters: The missile strike comes amid escalating tensions between Russia and the West over the Ukraine conflict. The West has been considering various measures to support Ukraine, including the potential seizure of Russian assets.

On Tuesday, a key ally of Russian President Vladimir Putin warned of severe retaliation if the West proceeds with the seizure of nearly $300 billion of frozen Russian assets to aid Ukraine. The proposal to seize these assets is still under discussion among Western officials.

Meanwhile, the European Union’s top diplomat in Asia has warned China that its support for Russia and significant trade surplus with the EU are major obstacles to improved relations. The U.S. is also considering imposing sanctions on certain Chinese banks over their commercial support of Russia’s war in Ukraine.

Amid these tensions, the Kremlin has issued a warning that the U.S.’s support for Ukraine could lead to a “humiliating fiasco,” drawing parallels with Vietnam and Afghanistan. Amid this, the U.S. Congress has approved a comprehensive $95 billion aid package, with $61 billion allocated to Ukraine.

Read Next: Donald Trump May Soon Receive An Additional $1.26B In DJT Shares: Key Milestone Ahead

Image Via Shutterstock


Engineered by Benzinga Neuro, Edited by Kaustubh Bagalkote


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


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