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2:07 PM

Fitch: Russia's ruble payment of USD coupons equals default.

Credit ratings agency Fitch said that if Russia were to make two US dollar bond coupon payments due March 16 in rubles, it would constitute a sovereign default after a grace period expiration. Russia’s invasion of Ukraine triggered sanctions that effectively limited Moscow’s ability to access and allocate cash.
2:03 PM

Kuleba: Mayor of Skadovsk, his deputy kidnapped by Russia.

Foreign Minister Dmytro Kuleba says the Mayor of Russian-occupied Skadovsk Oleksandr Yakovlyev and his deputy Yurii Palyukh were abducted on March 16. Yakovlyev is the third mayor kidnapped by Russian troops. Prior, Melitopol Mayor Ivan Fedoriv and Dniprorudne Mayor Yevhen Matveyev were taken hostage by the occupiers.
12:54 PM

Russia shells Vinnytsia, hits TV tower.

According to Vinnytsia Oblast Governor Serhiy Borzov, Russian attack damaged the tower, leaving some residents without TV signal. No casualties are reported.
11:13 AM

Russia kills over 500 civilians in Kharkiv.

"It's only those that are confirmed," the city’s Emergency Service said on Facebook. Emergency workers continue to scour the rubble of residential neighborhoods for more bodies, the agency noted.
300,000 people trapped in besieged Mariupol face living hell
10:49 AM

300,000 people trapped in besieged Mariupol face living hell.

When Mariupol journalist Artem Popov speaks about his hometown, it sounds like he has a lump in his throat. The southeastern city of Mariupol has turned into a front line of Russia’s brutal war against Ukraine. It’s dangerous to move around the city because Russian warplanes are flying
9:57 AM

Vereshchuk: Russia grossly violates ceasefire.

According to Deputy Prime Minister Iryna Vereshchuk, Russia fires on convoys of buses, settlements and evacuation points. Ukraine hasn’t received a confirmation from the Red Cross about the opening of humanitarian corridors on March 16.
8:09 AM

Shrapnel hits residential building in Kyiv.

A 12-story residential building in Kyiv's central Shevchenkivsky district was hit early on March 16. Two people were injured and 37 evacuated, according to the State Emergency Service.
7:45 AM

Russia is calling in military reinforcements from across the country.

“Russia is increasingly seeking to generate additional troops to bolster and replace its personnel losses,” CNN reports quoting the U.K. Ministry of Defense assessment. According to them, Russia is struggling to conduct offensive operations in the face of "sustained Ukrainian resistance."
3:42 AM

Ukraine needs $565 billion to rebuild after Russia's war.

Ukraine’s Prime Minister Denys Shmygal said on March 15 that this preliminary figure would be at the expense of Ukraine's partners and reparations from Russia. Ukraine’s government has already established a group to assess losses to the economy due to Russian aggression.
Air raid alerts go off in several major cities and oblasts.
3:35 AM

Air raid alerts go off in several major cities and oblasts.

Sirens were activated in Cherkasy, Dnipro, Lviv, Kyiv, Ivano-Frankivsk, Odesa, Vinnytsia, Kirovohrad, and Khmelnytskyi Oblasts, as well as in the cities of Kyiv, Izyum, Kremenchuk, Bila Tserkva, Nikopol, Mykolaiv, Kyiv, Izmail, Odesa, Poltava, and the Kryve Ozero area. CNN reports that according to their team on the ground, loud explosions were heard in Kyiv's suburbs.
1:25 AM

UN: Every minute, 55 Ukrainian children become refugees.

"That is, a Ukrainian child has become a refugee almost every single second since the start of the war," UNICEF wrote in a press release. In other words, on average 75,000 children have become refugees everyday since Russia's full-scale war against Ukraine began on Feb. 24.
20 days of Russia's war in Ukraine in photos
11:49 PM

20 days of Russia's war in Ukraine in photos.

It is widely believed that Russian leadership expected its all-out invasion of Ukraine to succeed within days. Twenty days later, Ukraine still stands, and Russia has no major victories to claim. It seized only one large city and regional center, Kherson in southern Ukraine. To force Ukraine to surrender, Russia

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7:17 PM

Russia's crude exports fall to lowest level since February.

Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.
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