A roundup of key developments and the latest in-depth coverage of Russia's invasion of Ukraine.
Russia heads toward its first default on foreign-currency debt in over a century.
On Sunday, the grace period will end for two interest payments worth about $100 million that Russia was due to pay bondholders in late May. Russia's payments have been blocked by Western sanctions, including the U.S. Treasury closing a path that had allowed Russian debt payments to flow to U.S. investors. Russia, as it has the money and has pushed to pay the debt in rubles.
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Russia-Ukraine war live updates: Ukraine to withdraw troops from besieged SeverodonetskUkrainian forces will have to be withdrawn from the besieged city of Severodonetsk, which had been the largest city in the Luhansk region still under partial Ukrainian control, according to the regional governor.
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Ukraine claims ‘significant losses’ to Russia in Snake Island airstrike attacks: June 22 recapUkrainian forces claimed late Tuesday that airstrike attacks on Snake Island in the Black Sea resulted in 'significant losses' to Russian forces.
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Haley says ‘Western weakness’ pushed Russia to invade Ukraine, warns of looming Chinese threatFormer U.N. Ambassador Nikki Haley on Wednesday will say that “Western weakness” pushed Russia to invade Ukraine, warning of a looming threat from China.
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Nike to fully exit Russia over its war in UkraineSportswear maker adds its brand to the list of U.S. companies pulling out of the Russian market. nike alabamanewsnetwork
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