Ukraine’s economy could shrink by a fifth this year, European bank says

The Kremlin has dismissed US claims that Russian President Vladimir Putin was misled by his advisers about Russia’s failures on the battlefield.

During a daily press briefing on Thursday, Kremlin spokesman Dmitry Peskov said that “neither the State Department nor the Pentagon have real information about what is happening in the Kremlin.”

“They just don’t understand what’s going on in the Kremlin,” he said, warning that “such a complete misunderstanding leads to wrong and ill-considered decisions that lead to very bad consequences.”

It comes after declassified US intelligence claimed Putin’s senior advisers were “too afraid to tell him the truth” about the situation on the ground.

The Biden administration may soon announce a plan to release about 1 million barrels of oil a day from the Strategic Petroleum Reserve for six months, a source familiar with the matter told NBC News. The announcement could come as early as Thursday.

In Ukraine, an evacuation convoy of 17 buses was able to leave the beleaguered port city of Mariupol on Thursday morning, according to its city council, with further evacuations scheduled for Friday. Meanwhile, the Pentagon said it saw Russian forces near kyiv moving north or into Belarus, with the US and UK saying it appeared troops were looking to resupply and reorganize. .

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Christi C. Elwood