Live updates of the Russian-Ukrainian crisis | G7 leaders agree to study energy price caps in Russia

Here are the latest developments in the ongoing Russian-Ukrainian conflict on June 28, 2022

Here are the latest developments in the ongoing Russian-Ukrainian conflict on June 28, 2022

Key economic powers conferred via video link with Ukrainian President Volodymyr Zelensky on Monday as they underscored their long-term commitment to Ukraine with plans to pursue a cap on Russian oil prices, raise tariffs on Russian products and impose other new sanctions. In addition, the United States was about to announce the purchase of an advanced surface-to-air missile system for Kyiv to help Ukraine fight Vladimir Putin’s aggression.

Russian long-range bombers struck a crowded shopping mall in the central city of Kremenchuk, Ukraine on Monday, raising fears of what President Volodymyr Zelensky called “unimaginable” casualties in “one of the most daring terrorist attacks of European history”. The death toll from the missile attack stands at 16 dead and 59 injured, the head of Ukraine’s emergency services announced on Tuesday. “To date, we know of 16 dead and 59 injured, including 25 hospitalized. Information is being updated,” Sergiy Kruk said on Telegram.

Ukraine has called for an emergency meeting of the United Nations Security Council over recent Russian strikes against civilian targets, the chairmanship of the UN body said on Monday. The missile strike on the mall “is the focus” of the meeting, scheduled for 7:00 p.m. GMT on Tuesday, said a spokesman for the Albanian mission, which currently holds the rotating presidency of the Security Council. The “all-Kyiv shelling” on Sunday, which hit a residential compound, will also be discussed at the meeting, the spokesperson said.

Here are the latest updates:

Russia

Russia says attack on arms depot in Kremenchuk caused fire in shopping center

Russia’s Defense Ministry said on Tuesday it fired missiles at an arms depot in the Ukrainian city of Kremenchuk, with the ensuing ammunition explosion sparking a fire in a nearby shopping mall.

At least 16 people were killed Monday in what Kyiv said was a Russian missile attack on a busy shopping center in Kremenchuk. – Reuters

Moscow

The ruble closes towards 53 against the dollar after West says Russia is in default

The ruble strengthened towards 53 to the dollar on Tuesday as month-end capital controls and taxes offset the negative impact of Western statements that Russia defaulted on its international obligations for the first time. in more than a century.

The White House and credit agency Moody’s said Russia defaulted as sanctions effectively cut the country off from the global financial system, rendering its assets untouchable.

But the Kremlin, which has the money to make payments from oil and gas revenues, has dismissed the claims and accused the West of driving it into artificial default. – Reuters

Germany

G7 leaders agree to study energy price caps in Russia

G7 leaders have agreed to study potential price caps on Russian oil and gas in a bid to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said on Tuesday.

The European Union will explore with international partners ways to reduce energy prices, including the possibility of introducing temporary caps on import prices, according to a G7 document seen by Reuters. The official said that meant both oil and gas. – Reuters

Germany

G7 leaders conclude summit to bolster support for Ukraine

The developed economies of the Group of Seven wrap up a summit on Tuesday meant to send a strong signal of long-term commitment to Ukraine’s future, ensuring that Russia pays a higher price for its invasion while trying to alleviate a world hunger crisis and to show unity against climate change.

The leaders of the United States, Germany, France, Italy, the United Kingdom, Canada and Japan pledged on Monday to support Ukraine “for as long as it takes” after speaking via video link with Ukrainian President Volodymyr Zelensky.

Summit host German Chancellor Olaf Scholz said he “has once again laid out with great emphasis the situation as Ukraine currently sees it”. – PA

Brussels

NATO strengthens its rapid reaction force and military support for Ukraine

NATO will increase the size of its rapid reaction force nearly eightfold to 300,000 troops as part of its response to an “era of strategic competition”, the secretary general of the military alliance said on Monday.

Kharkov

Russian shelling kills five civilians in Kharkiv, Ukraine

Russian forces shelled central areas of the city of Kharkiv on Monday, hitting apartment buildings and a primary school and killing five people and injuring 22, the regional governor said.

Five children were among the injured, said Oleh Synehubov, the governor of the Kharkiv region.

The attacks destroyed apartment buildings, video footage showed. The blast left a vast crater in front of the school, with debris strewn across classrooms, their windows all blown out. – Reuters

Germany

G7 slams ‘war crime’ as Russian strike kills shoppers

A Russian missile strike on a crowded shopping mall in central Ukraine killed at least 16 people on June 17 in what Group of Seven leaders called a “war crime” at a meeting in Germany where they sought to tighten sanctions against Moscow.

Leaders promised that Russian President Vladimir Putin and officials would be held accountable for the strike in the city of Kremenchuk, which was carried out during the mall’s busiest hours.

“Indiscriminate attacks against innocent civilians constitute a war crime,” they said in a statement condemning the “abominable attack.” – AFP

Ukraine

16 dead and 59 injured in a missile attack on a Ukrainian shopping center

A Russian missile strike on a crowded shopping center in the central Ukrainian city of Kremenchuk has killed at least 16 people, the chief of the emergency services said on Tuesday, sparking international outrage.

“Today’s Russian strike against the Kremenchuk shopping center is one of the most brazen terrorist acts in European history,” Ukrainian President Volodymyr Zelensky said in his evening program broadcast on Telegram.

KREMENCHUK, Ukraine

Russian missile hits crowded shopping mall in Ukraine

Rescuers work at the site of a shopping mall hit by a Russian missile strike, as Russia's attack on Ukraine continues, in Kremenchuk, Poltava region, Ukraine June 27, 2022 .

Rescuers work at the site of a shopping mall hit by a Russian missile strike, as Russia’s attack on Ukraine continues, in Kremenchuk, Poltava region, Ukraine June 27, 2022 .| photo credit: Reuters

Russian long-range bombers struck a crowded shopping mall in the central city of Kremenchuk, Ukraine on Monday, raising fears of what President Volodymyr Zelensky called “unimaginable” casualties in “one of the most daring terrorist attacks of European history”. ”

Mr Zelensky said many of the more than 1,000 afternoon shoppers and employees inside the mall managed to escape. Giant plumes of black smoke, dust and orange flames emanated from the wreckage, as emergency crews rushed to search for victims in the shattered metal and concrete and put out the fires. Onlookers watched in distress at the sight of how an everyday activity like shopping could turn into an eyesore. – PA

June 27

Russia does not pay its debt but denies any default

Russia said on Monday that two of its debt repayments had been blocked from reaching its creditors, bringing the country one step closer to its first foreign default in a century due to sanctions over the Ukrainian offensive. The announcement came on the 124th day of Russia’s military intervention in Ukraine, with Western sanctions so far failing to force the Kremlin to change course.

Western economic penalties have largely cut the country off from the international financial system, making it difficult for Moscow to service its debt. Russian authorities insist they have the funds to service the country’s debt, calling the situation a “farce” and accusing the West of artificially seeking to drive Moscow into default.

June 27

Russian Putin will make his first trips abroad since the start of the war in Ukraine

Vladimir Putin will visit two small former Soviet states in Central Asia this week, Russian state television reported on Sunday, in what would be the Russian leader’s first known trip abroad since he took office. ordered the invasion of Ukraine.

Christi C. Elwood