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London-traded shares of Russian largest state owned bank Sberbank dropped by 68%.

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The sharp decline was the result of severe economic sanctions imposed against the aggressor state, including cutting off selected Russian banks from the payment order system SWIFT. Russian companies also plunged.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Drone warfare has become one of the defining technologies of Russia’s war against Ukraine. The Kyiv Independent's Kollen Post and Nick Allard spent a night with a drone team from Nemesis, one of Ukraine’s elite drone units, as they carried out bombing missions against Russian positions.

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