Latest News in Russia-Ukraine War

From the Wall Street Journal:

Ukraine: Russian forces took parts of the eastern Ukrainian city of Severodonetsk, as Moscow continued its push in the Donbas area. The strategically imporant city’s large rail-cargo station would be an asset for Russia’s military, which depends on trains to move troops and munitions.

Two Russian soldiers were found guilty of firing rockets indiscriminately toward civilian areas and given prison terms of 11 years and six months, in Ukraine’s second war crimes trial since Russia invaded in February.

U.S.: The Biden administration plans to supply Ukraine with a guided-rocket system capable of hitting targets from a distance of more than 40 miles, according to U.S. officials, providing new details on plans first reported last week.

Markets: Crude prices traded at their highest levels in more than two months after the European Union said for the first time that it would impose an oil embargo on Russia over its invasion of Ukraine. The embargo will include an exemption for oil delivered from Russia via pipelines, an amount that makes up one-third of EU oil purchases from Russia.

Some OPEC members are exploring the idea of dropping Russia from an agreement on oil-production targets, a move that enable other members to pump more crude.

EU: The bloc’s leaders met for the second day of a two-day summit where food security is a new focus, as a result of Russia’s blockading of Ukrainian ports. Countries in the Middle East and Africa are suffering from shortages of Ukrainian grain, food oils and other products.

America’s European allies are increasingly split over whether to keep shipping more powerful weapons to Ukraine

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