News
Russia says it used hypersonic missiles in Ukraine again
(Al Jazeera) Russia’s defence ministry says it attacked Ukraine with cruise missiles from ships in the Black and Caspian Seas, and with hypersonic missiles from Crimean airspace.
Russian defence ministry spokesman Major General Igor Konashenkov said on Sunday that the Kinzhal (Dagger) hypersonic missile hit a Ukrainian fuel depot in Kostiantynivka near the Black Sea port of Mykolaiv.
He added: “Kalibr cruise missiles were launched from the waters of the Black Sea against the Nizhyn plant that repairs Ukrainian armoured vehicles damaged in fighting.”
The attacks marked the second day in a row that Russia used the Kinzhal, a weapon capable of striking targets 2,000km (1,250 miles) away at 10 times the speed of sound.
Konashenkov added that another attack by air-launched missiles hit a facility in Ovruch in the northern Zhytomyr region where foreign fighters and Ukrainian special forces were based.
The previous day, the Russian military said the Kinzhal had been used for the first time in combat to destroy an ammunition depot in Diliatyn in the Carpathian Mountains in western Ukraine.
Russia prides itself on its advanced weaponry, and President Vladimir Putin said in December that Russia was the global leader in hypersonic missiles, whose speed, manoeuvrability and altitude make them difficult to track and intercept.
The Kinzhal missiles are part of an array of weapons unveiled in 2018. Russia first used the hypersonic missile during its military campaign in Syria in 2016.
Putin has called the Kinzhal missile “an ideal weapon” given its speed and ability to overcome air-defence systems.
“This is a missile capable of carrying nuclear warheads and is believed to be undetectable by western air defence systems,” said Al Jazeera’s Dorsa Jabbari, speaking from Moscow. “It is being called an unstoppable ballistic missile.”
Putin announced an array of new hypersonic weapons in 2018 in one of his most bellicose speeches in years, saying they could hit almost any point in the world and evade a US-built missile shield.
The following year, he threatened to deploy hypersonic missiles on ships and submarines that could lurk outside US territorial waters if Washington moved to deploy intermediate-range nuclear weapons in Europe.
The US has actively pursued the development of hypersonic weapons – manoeuvering weapons that fly at speeds of at least Mach 5 – as a part of its conventional Prompt Global Strike programme since the early 2000s, according to a new congressional report.
These weapons could enable “responsive, long-range, strike options against distant, defended, and/or time-critical threats [such as road-mobile missiles] when other forces are unavailable, denied access, or not preferred”, said former Commander of US Strategic Command General John Hyten.
As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.
Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.
Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.
Business
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.
United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.
News
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.
Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.
Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Resettlement of unauthorized settlers affected by the Land Acquisition process for the implementation of Phase III of the Baseline Road Extension Project
Cabinet approves project to modernize school hostel facilities during the 2026–2028 period at an estimated cost of Rs. 1,008 million
New National Action Plan for Human-Elephant Conflict Management to be drafted
‘Dates have the highest sugar content to fight Coronavirus’
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