Shares of French satellite group Eutelsat rose 16.5% on Friday and about 25% over five days after the Ukrainian military's access to SpaceX's Starshield was restricted. Ukrainian President Zelenskyy said Starlink was switched off overnight, preventing drones from intercepting Russian attacks and contributing to civilian deaths, while Elon Musk blamed the U.S. government. Deutsche Bank called Eutelsat “the credible Starlink alternative” but said it lacks Starlink's scale, with over 600 satellites versus more than 6,750, and expects the shares to give up some gains. Deputy minister Serhiy Derkach said Russia has stepped up attacks on civilian infrastructure, and Ukrainians face blackouts of 4-12 hours per day.
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President Donald Trump denied that the White House intervened to restrict Ukraine's access to the Starshield satellite system, saying it was not him, that he did not think it was SpaceX CEO Elon Musk, and that he did not know who was responsible. Reuters had earlier reported, citing sources, that the access restriction came from the White House, amid US-Ukraine tensions after Trump publicly urged President Vladimir Zelensky to stop attacks on Russian oil refineries. On the night of October 13, 2026, Starlink and Starshield terminals in Ukraine were suddenly capped at 100 km/h or disrupted fast-moving vehicles, temporarily paralyzing drone operations and frontline logistics. Connectivity was later partly restored, with a maximum speed of 160 km/h.
- Elon Musk says Trump is 'ultimately' responsible for any curbs on Ukraine's Starshield systems
Elon Musk said on Wednesday that the U.S. government and President Donald Trump are ultimately responsible for limits on Ukraine's Starshield network, which he said is owned and controlled by the U.S. government. Ukraine had accused SpaceX of imposing unannounced restrictions that disrupted military operations amid fresh Russian strikes on energy infrastructure, and Musk said Starlink is meant only for civilian or defensive use. Some restrictions were partly lifted, with former defense minister Mykhailo Fedorov saying Starlink speeds of up to 160 km/h had been restored, while urging that Starshield's speed limit be removed entirely. The row adds to escalating tensions between Kyiv and Washington over an energy ceasefire between Ukraine and Russia announced by Trump.
- Azerbaijan banks to set transaction limits to curb illegal gambling risks
The Central Bank of Azerbaijan (CBA) requires banks to analyse customers' transactions and set limits to prevent risky transfers, including those linked to illegal gambling. CBA Executive Director Shahin Mahmudzade said the regulator sets general requirements, while specific limits are determined by each bank's own risk assessment and checked during supervisory inspections. Exceeding a limit does not automatically make a transaction illegal; a bank may review it and decide after the customer explains the transaction. Mahmudzade argued that the benefits to society, including protecting families from serious financial problems caused by illegal gambling, outweigh the inconvenience to customers. Banks must also continuously monitor transactions and promptly act on suspicious activity.
- What to know about Starshield, SpaceX's military-focused Starlink service
Ukraine has accused SpaceX of restricting Starshield, its military-grade service, without advance notice, disrupting military operations as Russia intensified attacks on Kyiv. Elon Musk said Starshield systems are owned and controlled by Washington, with the U.S. military and ultimately the president determining any limits on their use. Starshield is SpaceX's network for government and national security users, offering Earth observation, secure communications and high-assurance encryption for classified information, and it relies on Starlink's satellite network to operate. SpaceX has been awarded over $6 billion in multi-year U.S. government contracts for Starshield, while Starlink serves consumers and businesses in more than 160 markets.
- Europe should consider all option to plug Ukraine budget shortfall , Taoiseach says – The Irish Times
Irish Taoiseach Micheál Martin says EU governments must quickly decide how to cover Ukraine's budget shortfall through 2028, likely via a pan-European financial injection, and he is open to all funding options. Kyiv's gap next year could reach €70 billion, as Trump has turned against Zelenskiy over Ukrainian strikes on Russian refineries. Martin defended Ireland's contributions and noted that Kyiv is burning through the €90 billion EU loan, backed by €200 billion in frozen Russian central bank assets, faster than anticipated. After an earlier plan to use those assets stalled over Belgian legal concerns, he favours quick, efficient action. Zelenskiy, at the EU summit, called plugging the 2027 gap a key question.
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