Russia strikes Kyiv again after weeks, Putin warns West on missile supplies

KYIV, Ukraine – Russia struck Kyiv with missiles for the first time in more than a month, while President Vladimir Putin warned he would strike new targets in the country if western nations supplied Ukraine with longer-range missiles. In Sievierodonetsk, the main battlefield in the east where Russia has concentrated its forces recently, Ukraine officials … Read more

Ukraine says its troops have retaken ground from Russia in eastern city

SIEVIERODONETSK, Ukraine – Ukraine said it clawed back a chunk of the industrial center of Sievierodonetsk in combat that appeared on Saturday, June 4, to be stymieing a Russian drive to capture the ruined city, the focus of Moscow’s offensive to take the eastern Donbas region . Sergiy Gaidai, governor of Luhansk province, told national … Read more

Teetering on default, Russia misses $1.9-million payment, committee determines

A Credit Derivatives Determinations overseeing Committeeing Europe votes ‘yes’ to a question on whether a ‘failure to pay credit event’ occurred with respect to Russia Russia’s failure to pay $1.9 million in accrued interest on a dollar bond will trigger payouts potentially worth billions of dollars, a panel of investors determined on Wednesday, June 1, … Read more

Russia widens Europe gas cuts and halts Dutch, Danish, and German contracts

Gazprom cuts off supplies to Dutch trader GasTerra and Denmark’s Orsted, as well as to Shell Energy for its contract on gas supplies to Germany Russia widened its gas cuts to Europe on Tuesday, May 31, with Gazprom saying it will turn off supplies to several “unfriendly” countries which have refused to accept Moscow’s roubles-for-gas … Read more

EU agrees Russia oil embargo, gives Hungary exemptions; Zelenskiy vows more sanctions

This is the toughest sanction yet on Russia for its invasion of Ukraine, and one that will itself affect the European Union, where energy prices have spiked BRUSSELS, Belgium – European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by end-2022, but Hungary and two other landlocked … Read more

Russia takes most of Sievierodonetsk city in eastern Ukraine

KYIV, Ukraine – Ukraine said on Tuesday, May 31, that Russia had taken control of most of the eastern industrial city of Sievierodonetsk, a bombed-out wasteland whose capture Moscow has made the principal objective of its invasion. Russia’s all-out assault on the city in Ukraine’s Luhansk province has been met by tough resistance from Ukrainian … Read more

Russia eyes gas-for-roubles template for foreign Eurobond payments

For foreign Eurobond holders to receive payments in foreign currencies as per Russia’s obligations, they would have to open rouble and hard currency accounts at a Russian bank Russia is considering paying Eurobond holders by applying the mechanism. It is using to process payments for its gas in roubles, the Kremlin and the finance minister … Read more

Russia advances in east, Ukraine calls for longer-range weapons

KYIV, Ukraine – Russian forces have stepped up their assault on the Ukrainian city of Sievierodonetsk after claiming to have captured the nearby rail hub of Lyman, as Kyiv intensified calls for longer-range weapons from the West. Slow, solid Russian gains in recent days in eastern Ukraine’s Donbas, comprising the Luhansk and Donetsk regions, point … Read more

Russia prepares to seize western firms looking to leave

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit. The law, which could be in place within weeks, will give Russia sweeping powers to intervene where … Read more

Ukraine says Russia shells more than 40 towns in Donbas push

‘The occupiers shelled more than 40 towns in Donetsk and Luhansk region, destroying or damaging 47 civilian sites, including 38 homes and a school,’ the Joint Task Force of Ukraine’s armed forces says KYIV, Ukraine – Russian forces shelled more than 40 towns in Ukraine’s eastern Donbas region, Ukraine’s military said, threatening to shut off … Read more