OECD: Russia's war in Ukraine will cause $2.8 trillion in global economic losses

7:41 PM

Governor: Russian missile attack on Odesa Oblast injures at least 3.

The attack damaged civilian infrastructure in the Odesa district, according to Odesa Oblast Governor Oleh Kiper.

6:54 PM

Russian court sentences Ukrainian POW to 18 years in penal colony.

Vladyslav Plahotnyk was accused of "participation in a terrorist organization" and "training for terrorism," by being a member of the Azov battalion which Russia has declared a terrorist organization.

5:56 PM

Russia places President Zelensky on criminal 'wanted' list.

President Zelensky now appears on a list of alleged criminals compiled by the Russian Interior Ministry, which said he was being sought "under an article of the criminal code" without providing further details.

5:26 PM

UPDATE: At least 6 injured in Russian missile strike on Kharkiv.

In a post on Telegram, Kharkiv Oblast Governor Oleh Syniehubov said a civilian enterprise in the Industrial district had been hit.

4:53 PM

Ukraine expects $38 billion in external financing after fulfilling IMF requirements.

Foreign aid is crucial for Ukraine as the economic pressure caused by the full-scale Russian invasion mounts. The besieged country received $42.5 billion in external financing last year, allowing it to function amid the ongoing war.

4:11 PM

Russia claims to have downed ATACMS over Crimea.

In a post on Telegram, the Kremlin's Defense Ministry said four ATACMS missiles provided to Ukraine by the U.S. were intercepted overnight by "air defense systems on duty." It did not say if falling debris had caused any damage.

2:56 PM

150,000 Russian soldiers killed during full-scale invasion of Ukraine, France says.

"All of this for what? This can be summed up in two words: for nothing," Foreign Minister Stephane Sejourne told Novaya Gazeta Europe on May 3.

1:47 PM

Georgian president accuses government of being 'prone to making concessions to Russia.'

Georgian President Salome Zourabichvili was referring to the controversial foreign agents law, known popularly among its opponents in Georgia as the Russian law, which Georgian Dream is attempting to pass in parliament.

11:05 AM

National Bank institutes largest package of currency liberalization measures since February 2022.

"This move, together with other measures by the NBU, should allow Ukrainian businesses to 'breathe to their full potential' and help attract private capital to recover the economy," said NBU Governor Andriy Pyshnyy.

10:10 AM

Ukraine says close to $500,000 in reconstruction funds for Borodyanka 'disappeared.'

After an audit, there was a discrepancy of Hr 14 million (around $353,000) related to plastic-metal windows, which were earmarked for installation but never actually put in. The State Audit Service said local governments should "ensure more thorough control" over reconstruction funding and added that the case had been referred to the Prosecutor General's Office to determine whether criminal wrongdoing had occurred.

9:18 AM

General Staff: Russia has lost 473,400 troops in Ukraine since Feb. 24, 2022.

This number includes 1,260 casualties Russian forces suffered over the past day.

7:10 AM

Air Force: Ukraine downs 13 drones overnight.

Ukrainian air defense units destroyed all 13 Shahed-type drones that Russia launched overnight, the Air Force reported on May 4.

6:33 AM

Russian students studying in Finland detained on suspicion of exporting dual-use goods.

Three Russian students studying in Finland were detained for allegedly exporting unspecified dual-use goods - items that are suitable for military capabilities, Finnish outlet Yle reported on May 3.

4:33 AM

SBU arrest man who allegedly spied on Ukrainian positions while walking dog.

A Russian correctional officer was arrested in Kharkiv for allegedly spying on Ukrainian defense position and providing Russia information in preparation for a air attack on military facilities - all under the guise of walking his dog, Ukraine's Security Service (SBU) announced on May 3.

3:50 AM

Zelensky: Ukraine open to considering all-for-all POW exchange.

Ukraine is open to considering an all-for-all prisoner of war (POW) exchange, and will discuss the idea at the upcoming Peace Summit in Switzerland in June, President Volodymyr Zelensky said on May 3.

2:19 AM

Russia attacks 10 communities in Sumy Oblast.

Russian forces attacked Sumy Oblast 120 times in 28 separate attacks throughout the day, the Sumy Oblast Military Administration reported on May 3.

1:49 AM

Update: Russia launches drone attack on Kharkiv, injuring at least 4.

Russia launched drone attacks on Kharkiv in the early hours of May 4, damaging civilian infrastructure, and injuring at least four people including a child, Kharkiv regional Governor Oleh Syniehubov reported on Telegram.

1:11 AM

Bloomberg: US leading efforts within G7 to develop $50 billion aid package to Ukraine.

The United States is leading talks among the Group of Seven (G7) nations to develop a military aid package to Ukraine worth up to $50 billion, Bloomberg reported on May 3. The package would reportedly be funded by the profits generated by accrued interest on frozen Russian assets.

11:54 PM

Ambassador: Washington doesn't support strikes with US-made weapons in Russia.

Washington wants to help Ukraine defend itself, but does not support strikes with U.S.-made weapons on Russian territory, U.S. Ambassador Bridget Brink said at a meeting with journalists on May 3, according to Radio Free Europe/Radio Liberty (RFE/RL).

10:59 PM

Presidential Office: Joint negotiating position to be submitted to Russia after Switzerland peace summit.

Participants of the Global Peace Summit in Switzerland will formulate a common negotiating position and submit it to Russia, presidential spokesperson Sergii Nykyforov said on May 3, according to Deutsche Welle.

10:53 PM

War update

Ukraine war latest: Kyiv may use British weapons to strike targets inside Russia, Cameron says

10:08 PM

USAID allocates over $250 million to Ukraine's agricultural sector.

More than $250 million will be allocated to rebuild and expand Ukraine's agricultural sector under the new USAID Harvest program, Deputy Agricultural Minister Denys Bashlyk said on May 3.

9:00 PM

German company to deliver 6 more TRML-4D radars to Ukraine.

Hensoldt, a German defense manufacturer, will provide Ukraine with six more TRML-4D radars by the end of 2024, the company said on May 3.

8:02 PM

Zelensky: Ukraine facing 'new stage' in war as Russia preparing to expand offensive.

Ukraine is facing "a new stage" in the Russia's full-scale war, President Volodymyr Zelensky said during a meeting with border guards in Khmelnytskyi Oblast on May 3.

7:09 PM

Governor: Russian missile attack on Kirovohrad Oblast injures man.

Russian forces attacked Kropyvnytskyi district in Kirovohrad Oblast on May 3, injuring a man, Governor Ahdrii Raikovych said.