Month: August 2025

• Ukrainian reports are starting to document the use of Russia’s new jet-propelled Shahed drones.
• One version, unofficially dubbed the Geran-3, is said to fly up to 500 miles per hour.
• Such speeds would pose key problems for Ukraine’s air defenses if jet drones are launched en masse.

More signs are emerging that Russia is launching a new exploding drone said to fly much faster than its current Shaheds.

Ukraine’s Air Force Command reported on Wednesday that it had encountered jet-powered attack drones while defending its airspace the night before.

“A notable feature of the night attack was the use of up to eight jet-powered UAVs in the northern direction,” it wrote in a regular update.

The announcement marks one of the first official reports of Ukraine’s forces encountering the new loitering munition in combat.

In total, the Air Force Command counted 78 Shahed attack drones launched on Tuesday night.

The statement added that 51 drones were shot down or disabled by electronic warfare, interceptor drones, anti-air missiles, and mobile fire groups, which typically use truck-mounted machine guns.

The Ukrainian air force did not specify if any jet-propelled drones were shot down.

“There were 27 drone impacts recorded at 7 locations, and falling debris from downed drones at 2 locations,” Air Force Command wrote.

On Thursday, a Ukrainian Telegram channel that monitors the flight paths of Russian drones also wrote that it recorded launches of jet-propelled drones.

“On the map we’ve drawn for you, you can see the movement of cruise missiles, jet-powered Shaheds, and regular strike/decoy UAVs,” it wrote. While not an official government channel, it’s widely followed in Ukraine for city-specific alerts on incoming drones.

A major problem for Ukraine’s air defenses

Russian jet-propelled drones are believed to be closely modeled after Iran’s Shahed-238, an upgraded long-range loitering munition Tehran unveiled in November.

Moscow has not officially detailed its own version of the new weapon, but Ukraine’s intelligence and Western analysts have reported that it’s likely building a model with the Tolou‑10/13 jet engine to vastly increase the drone’s speed.

Open-source intelligence sources said as early as January that Ukraine may have shot down at least one Shahed-238-type drone, indicating limited Russian use. In June, images published by Ukrainian Telegram channels appeared to show destroyed fragments of such drones in the country.

In both earlier reports and the Air Force Command’s update on Wednesday, it’s unclear if these were prototypes or finalized drones.

But if deployed en masse against Ukraine, the new upgraded drone could pose a major problem for Kyiv’s air defenses.

The Shahed-238 is said to be much faster than the Shahed-136, which is locally produced in Russia as the Geran-2 — the Kremlin’s main attack drone against Ukraine.

While the Shahed-136 is known to fly at top speeds of 115 mph, a Russian general told state media in December that the Shahed-238 could fly as fast as 500 mph. Extended independent analyses on the drone’s still aren’t publicly available, and it’s possible that the munition can only fly that fast while diving.

At such speed, however, the jet-powered drone would be nearly as fast as a cruise missile.

That would be a nearly impossible target for Ukraine’s mobile fire groups, or the vehicle-mounted machine gun crews it’s relied on to fight off Shahed-136s.

This year, mobile fire groups are already being overwhelmed by the sheer number of Russian Shahed-136s launched every night. To shore up the gap, Ukraine has started prioritizing interceptor drones, which also risk being rendered obsolete if jet-powered Shaheds become mainstream.

Interceptor drones, built secretly by Ukrainian companies, already need to fly much faster than the Shahed-136 since they must catch up to the loitering munition after it’s detected.

A Shahed-238 or Geran-3 moving at 500 mph would require an intercepting drone to fly nearly three times as fast as before.

“In such a case, promising antiaircraft interceptor UAVs, unfortunately, will be powerless,” wrote a Ukrainian military blogger in late June.

Ukraine does have advanced anti-air missile defenses for faster targets, such as the US-made Patriot system, which has even been reported to take down the hypersonic Kinzhal missile.

Still, Ukraine typically reserves these expensive anti-air munitions for ballistic missiles; expending them to neutralize waves of Shahed drones would be unsustainable.

• Standard Chartered CEO Bill Winters says he lets his teams set their own in-office schedules.
• “It’s working for us,” Winters said.
• Wall Street remains split on hybrid working. JPMorgan CEO Jamie Dimon has long opposed the practice.

Standard Chartered CEO Bill Winters says he will let his staff decide whether to return to the office.

“We work with adults, and the adults can have an adult conversation with other adults and decide how they’re going to best manage their team,” Winters said in an interview with Bloomberg on Thursday.

“It’s working for us,” Winters said. “How other companies make that work? Everybody’s got their own recipe.”

Winters told Bloomberg that he practices hybrid working and tries to be in the office four days a week.

“Our MDs want to come to the office. They come to the office because they collaborate. They manage their people. They lead teams. But if they need the flexibility, they can get it from us,” Winters said.

Standard Chartered did not respond to a request for comment from Business Insider.

Wall Street remains divided about remote and hybrid work. In June, Citi announced it was giving its hybrid employees two weeks of remote work in August. Most of those workers are required to be in the office at least three days a week.

Sara Wechter, Citi’s chief human resources officer, said in a memo to employees on June 9 that the bank’s “hybrid work model helps us attract and retain top talent and sets us apart from other companies.”

Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon, on the other hand, have long opposed remote work. Both CEOs have publicly said that their banks function better when staff work in the office.

“This is not ideal for us and it’s not a new normal,” Solomon said at a conference organized by Credit Suisse back in 2021.

“It’s an aberration that we are going to correct as quickly as possible,” he continued, adding that he didn’t want to see “another class of young people arriving at Goldman Sachs in the summer remotely.”

Dimon wrote in his 2024 annual shareholder letter that JPMorgan had “allowed some bad habits to develop” in the last five years.

“Working from home exacerbated the situation by hindering innovation, slowing decision-making, inhibiting information sharing, reducing efficiency, and creating more politics and bureaucracy,” Dimon said in his letter.

In January, JPMorgan said in a memo to employees that it was “asking most employees currently on a hybrid schedule to return to the office five days a week.”

“I’m not against work from home. I’m against work from home that doesn’t work,” Dimon said in an interview with Bloomberg in May.

“It’s an apprenticeship system and you can’t learn working from your basement,” he added.