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Ukraine and Russia: What you need to know right now

Published 06/26/2022, 10:15 AM
Updated 07/05/2022, 05:35 PM
© 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

(Reuters) - Russia pounded Ukraine's eastern region of Donetsk after seizing Luhansk province following months of gruelling attritional warfare in which both sides lost many men.

FIGHTING

* Russian forces struck a market and a residential area in the city of Sloviansk near front lines in Donetsk, killing at least two people and injuring seven, according to officials.

* Russian rocket strikes hit the southern Ukrainian city of Mykolaiv, Mayor Oleksandr Senkevych said.

* Russian-backed separatists have seized two foreign-flagged ships in the southeast Ukrainian port of Mariupol, saying they are now "state property", in the first such moves against commercial shipping, letters seen by Reuters showed.

* Reuters could not independently verify the battlefield accounts.

* The speaker of Russia's lower house of parliament said Ukraine had become a "terrorist state" and was doing everything to ensure that Russia did not stop at the borders of the Donbas region.

DIPLOMACY AND ECONOMY

* Ukrainian President Zelenskiy renewed his appeal for security guarantees while addressing a conference hosted by the Economist. Europe needs to understand, he said, that the war in Ukraine is about Europe's safety and Ukraine is the "fence" protecting it.

* An international conference in Lugano, Switzerland, to support Ukraine has outlined a series of principles to steer Kyiv's recovery and condemned Moscow's actions.

* Western partners should do more to help unblock Ukraine's Black Sea ports to release exports of grain, metals and mining products, a Ukrainian official said in Lugano.

* The United States does not expect any meeting this week at the G20 between U.S. Secretary of State Antony Blinken and Russian Foreign Minster Sergei Lavrov and wants members to speak out about Russia's invasion of Ukraine.

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* Russian former president Medvedev said a reported proposal from Japan to cap the price of Russian oil at around half its current price would lead to a market shortage that could push prices above $300-400 a barrel.

HUMAN RIGHTS

* Arbitrary detention of civilians has become widespread in parts of Ukraine held by Russia's military and affiliated armed groups, with 270 cases documented, the U.N. human rights chief said.

QUOTES

* "The city doesn't exist anymore," said Nina, a young mother who fled Lysychansk in Luhansk province to take refuge in the central city of Dnipro. "It has practically been wiped off the face of the Earth."

Latest comments

Democrats are Rich they are making Billions from Ukraine and should pay more Taxes ( most pay none )Ukraine already won the war ( CNN Source )anyway give them 1 Million ..wait 1 Trillion Gazillion Dollars
Remarkable that many russian in here can justify their invasion of another country by a fake story by 20 years of putin brainwash that nazies are everywhere in the west, even though we are just democracies who cares about freedom and the will of the people
Immorality
Many Russians are certainly majorly brainwashed. It is very common for citizens to trust their leadership and their pseudopatriotic lies. Remember the Iraq war and how the people in US overwhelmingly supported it?
About 1 in 4 Americans opposed the war in Iraq when it began. Those in opposition marched in the streets, expressed opinions in newspapers, internet and broadcast media. Eventually, opinionated n changed and a majority of Americans opposed the war. Without free access to information or the ability to safely express dissent, I don't see how Russia compares.
Yes plz. Peace in SYRIA IRAQ AFGHANISTAN KASHMIR PALESTINE first then UKRAINE because they are suffering since very long and nobody cared 😭
Those places are beyond repair Hassan. Those people ******themselves from within not by a foreign invader.
Kashmir is and will be part of india
Lucky Kashmir /s
Everyone need peace
Everyone need peace
War only destroys, Peace needs to prevail but i dont know how
The sooner the russian people understand that they will win no land and the young soldiers will die for nothing the better for the whole world
stalin was the worst dictator in history worse than adolf. Stalin has millions dead that did not agree with his leadership to his credit. I am sure you have som stalin figures, pictures streetnames etc in russia
so in your deluted brainwashed enslaved world where you are not allowed to have any other opion than putin or even speak one word against him or you end in jail you call ukraine fachists the only fascists we have in the world are russia
No, actually, you attempted to justify barbarism by pointing to insignia and street signs. If the threat in Ukraine was as you describe, 140 nations would have aligned against it at the UN. What doe it tell you that they have not? It tells you that Putin knows his claims of fighting na z is is a fabrication, for the purpose of brainwashing the morally stunted and cowardly people of Russia.
Russian terrorists are no better then ISIS.
And they will meet the same fate.
140 countries have formally condemned Russia's barbarism. Russian mothers have lost 20,000 sons to serve Putin's folly. What a sad waste it is to sacrifice one's son in the service of cruelty. These dead and their supporters will forever be villains.
“Almost all the city infrastructure is destroyed”, this id ehat russians do: they destroy everything and then come as a last savior
time for capitulation ....will happen anyway so why waste more lives ?
To the Russian people: Putin is making you pariahs in the eyes of the civilized world. Your sons are dying as villains in service of a barbaric folly. For generations to come, humanity will see Russians as lower than dogs.
🤡🤡🤡
ooo shut up,, you said nothing when American bomb Iraq, Libya, Afghanistan, hypocrite,,, Russia liberating their ppl frm Western occupation!! 🤔
Do you know what I said or are you an ignoramus?
It does not seem as if the Russian care about their own freedom from their dictator and are Happy that they cannot say or do what ever they want otherwise they would have removed Putin from power.This is now a longterm play, where we need to make the western world totally independent on all russian products and commodities and in the end provide 0 euro or dollars to Russia. At the same time we must keep all sanctions alive even strengthen sanctions so not 1 single russia product will be imported into USA, Canada, UK and Europe. Finally we must increase military spending and help Ukraine fight Russia and take back their territory until the win it all back and Russia aggresion gain 0 win. Also offcourse use all russian seized assets to pay for war damages.
Are you mad? Why should 99.9% normal people suffer of a ruling elite of 0.1%?
Where are the objection of this supposed 99.9% ? If they object, let theme intervene. If they acquiesce, then they are complicit and deserve the consequences.
Read about the history of russia. From zsarism to intellectual communism to gulagism to autocracy. The people have always been poor and in a class society of rulers and workers. It is *****unfair to expect that russians act or react in a western way. The want to eat foremostly, maybe drink a little beer at the end of the day and hope fir some heat in winter. Your viewpoint is very, very simplistic because you look with western eyes.
13 civilians killed Russian missile hits shopping mall:: https://www.theguardian.com/world/2022/jun/27/russian-missile-hits-shopping-centre-ukraine-kremenchuk
Dear russians, why not just end putins life and this will all be over and we can go back to a normal world or are russian people really that much of chickens that they prefer to be canonfeed for western weapons rather than fighting for your own freedom of oppression by a clearly derranged dictator who tells you what you are allowed to say and not to say......
🤡🤡🤡
So you object? Or have you crafted a canard to avoid having to make a moral judgement about Russia's actions?
Both former ussr members are pests. Hope both pests get wiped out.
What are you russians fighting for? nobody is threatening russia other than Putins ideas as peter the great which will not happen. Stop invading Ukraine and let them be and this whole thing stops. why let your young soldiers get killed and destroy your economy in a hopeless putin project which willl never happen because we already tried this with adolf
Russia is the post child for fascism, Russians should focus more on education and common sense
if you really fighting a fascism then you should start from ******Putin and Rogozin
dammit at western media was looking it Like selensky was Leonidas himself....I was almost believing it...well almost
Shouldn't you be in school?
Shouldn't you be in school?
I’ll say it very simply for everyone. I’ve been investing for 35+ years. When you have an administration at war with fossil fuels and oil companies you will have higher oil prices and higher inflation month after month year after year until this administration is gone. Period. That’s reality and fact. See you at sub 3000 on the S&P. Which is completely appropriate after a 15 year failed federal reserve experiment. With 9 trillion on the balance sheet. Literally just started QT. Take the red pill
Oh please. The unchecked burning away of the world's fossil fuel reserves has become wildly unpopular worldwide. Moving away from it was part of the mandate Biden received from the most Americans ever to vote for a candidate for POTUS. We need oil for other purposes where it isn't easily replaced, like plastics manufacture. Burning it is like lighting one-of-a-kind paintings on fire, and then sniffing the toxic fumes.
You likely know that oil is not "fossil fuel"
Vis-à-vis buy as much SPY put as you can expiring in July and August. And more importantly buy as much energy exposure small and MidCap players as you can. This is a once in 100 year supercycle for fossil fuel oil commodities and materials. Even if they have pulled back, that is pure profit taking. It’s in a mega bull rally that just started oil commodities and materials. And 100% will continue for at least the remainder of the Biden administration which is 2 1/2 years. That’s how long hyperinflation will be with us and higher oil. That’s reality
Oil might be correcting a little bit which is price because of profit taking, but it’s going so much higher. 99. 9% of Wall Street and investors are completely backwards thinking inflation has peaked. That’s the furthest thing from the truth. Earnings have peaked inflation is in the second inning. We have years of this. 77 through 82 we had horrible inflation. It doesn’t go away in six months
They will eventually gain the Don boss and they will eventually take over the country. Because they have unlimited resources. They get $1 billion a day plus from oil. That’s why I say with them cutting countries off and we are so short supplies with the administration at war with fossil fuel, you buy as much energy exposure as you can afford. Both hands. And SPY puts. CPI will be even hotter as gasoline went up every day last month. Common sense and rents are out of control. $215 times 14 X equals 3010. That’s fair value or a little lower on S&P
We always knew that russia would eventually gain donbas because of overwhelming military against ukraine. Question is can they keep the territories ?
Ko
now, on which forex currencies/indices it will affect ?
RUB, USD, GBP, etc...... depending on the g7 sanctions
Buy the gold
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