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    Home»International Markets»Ukraine and Russia: What you need to know right now By Reuters
    Ukraine and Russia: What you need to know right now By Reuters
    International Markets

    Ukraine and Russia: What you need to know right now By Reuters

    SharemarketnewsBy SharemarketnewsJune 27, 2022No Comments3 Mins Read
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    © Reuters. A worker from the war crimes prosecutor’s office takes in the damage from overnight shelling that landed on a building of Kharkiv’s Housing and Communal College as Russia’s attack on Ukraine continues in Kharkiv, Ukraine, June 21, 2022. REUTERS/Leah Milli

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    (Reuters) – Russian forces were battling on Monday to capture Lysychansk, the last major city still held by Ukrainian troops in the eastern province of Luhansk, after Moscow-backed separatists said they were advancing on multiple fronts.

    FIGHTING

    * The TASS news agency quoted a separatist official on Sunday as saying that Moscow’s forces had entered Lysychansk from five directions and were isolating Ukrainian defenders. Reuters could not confirm the report.

    * The general staff of Ukraine’s armed forces said Russian forces were using artillery to try to cut off the city from the south but made no mention of separatists entering. Russian assault aircraft struck near the city, it added.

    * The city is suffering “catastrophic” damage from shelling, Serhiy Gaidai, the governor of the Luhansk region, wrote on messaging app Telegram.

    * On Saturday, the twin city of Sievierodonetsk fell to pro-Russian forces.

    * Russian missiles struck a residential building in central Kyiv on Sunday, killing one and wounding six, officials said. The first attacks on the capital in weeks, they were condemned as “barbarism” by U.S. President Joe Biden.

    * Ukrainian presidential adviser Oleksiy Arestovych said missiles that struck the central city of Cherkasy on Sunday hit a strategic bridge linking the country’s west with eastern battlefields.

    * A missile strike in the Odesa region destroyed homes, causing a fire, and injuring six, including a child, said Serhiy Bratchuk, a spokesperson for the regional administration.

    ECONOMY AND DIPLOMACY

    * “We have to stay together” against Russia, Biden told allies, as world leaders met at Sunday’s G7 summit in the Bavarian Alps.

    * Some Taiwan holders of Russian Eurobonds have not received interest due on May 27 after expiry of a grace period on Sunday, two sources said, potentially setting the stage for Moscow’s first major external sovereign default in more than a century.

    * The United States is likely to announce this week the purchase of an advanced medium- to long-range surface-to-air missile defence system for Ukraine, a source familiar with the matter told Reuters.

    QUOTES

    * “At this stage of the war it’s spiritually difficult, emotionally difficult … we don’t have a sense of how long it will last, how many more blows, losses and efforts will be needed before we see victory is on the horizon,” Ukrainian President Volodymyr Zelenskiy said in an evening speech.



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