Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Ukraine and Russia: What you need to know right now

Published 02/07/2022, 02:27 am
Updated 02/07/2022, 02:30 am
© Reuters. Rescue workers work at the scene of a missile strike at a location given as Bilhorod-Dnistrovskyi, Odesa region, Ukraine, in this handout image released July 1, 2022. State Emergency Services of Ukraine/Handout via REUTERS

(Reuters) - Russia flattened part of an apartment building while residents slept on Friday in missile attacks near Ukraine's Black Sea port of Odesa that authorities say killed at least 21 people. The Kremlin denied targeting civilians.

FIGHTING

* Kremlin spokesperson Dmitry Peskov told reporters: "I would like to remind you of the president's words that the Russian Armed Forces do not work with civilian targets."

* The RIA news agency quoted Russia's defence ministry as saying on Friday that Russian forces had captured an oil refinery in the Ukrainian city of Lysychansk.

* Reuters could not independently verify the battlefield accounts.

DIPLOMACY AND ECONOMY

* President Vladimir Putin has raised the stakes in an economic war with the West and its allies with a decree that seizes full control of the Sakhalin-2 gas and oil project in Russia's far east, a move that could force out Shell (LON:RDSa) and Japanese investors.

* Western nations have responded to Russia's invasion of Ukraine in part by targeting Russia's defense industry with sanctions. But a Reuters examination of companies, executives and investors underpinning Russia's defence sector shows a sizable number of players have yet to pay a price.

* U.S. basketball star Brittney Griner went on trial in a court on the outskirts of Moscow on Friday to face drug charges that could see her face up to 10 years in prison. The case was brought after Russian authorities said they found vape cartridges containing hashish oil in Griner's luggage at a Moscow airport in February. Her lawyers declined to say how she planned to plead.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

* Russia's ambassador to Bulgaria said on Friday she would ask Moscow to close down its embassy in the Balkan country after her appeal for Sofia to reverse a decision to expel 70 Russian diplomatic staff was ignored.

* Ukraine has a "very clear European perspective" but the road to EU membership will take time and require hard work, the president of the EU executive told the country's parliament on Friday.

* Indian Prime Minister Narendra Modi and Putin spoke on the phone on Friday and discussed the state of global energy and food markets, Modi's office said in a statement, as India keeps buying Russian crude oil.

QUOTES

* "Almost all the city infrastructure is destroyed. We are living without gas, electricity, and water since May," Sergei Oleinik, 65, resident of Russian-occupied Sievierodonetsk, told Reuters. "We are glad that this ended, and soon maybe reconstruction will start, and we will be back to more or less normal life."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.