Artillery price

Fighting rages as Ukraine pleads for artillery

Russia continued its assault on Sievierodonetsk, pushing back Ukrainian troops from the center of Kyiv’s last major strongpoint in the Lugansk region. President Volodymyr Zelenskiy called the fighting “very fierce” and his top military commander pleaded for the United States to send in more artillery.

Moscow’s use of cluster munitions and indiscriminate shelling of Kharkiv, Ukraine’s second largest city, constitutes a war crime, Amnesty International said in a report released on Monday.

NATO chief Jens Stoltenberg said it would be “unthinkable” for NATO not to defend Sweden’s membership if that country were attacked. War remains the biggest concern among people around the world, according to a poll by Kantar.

Key developments

  • Crude flows from Russia to Asia reach unprecedented levels
  • World nuclear powers to reverse post-Cold War arsenal decline
  • ‘Party like a Russian’ turns toxic at Putin’s flagship forum
  • Professional services ban accelerates fall in US contracts in Russia
  • JPMorgan to hire up to 50 Ukrainian refugees in Warsaw
  • Oil extends losses to near $119 as global market sell-off deepens

(every hour CET)

Russian Crude Flows To Asia Near All-Time Highs (4:21 p.m.)

Russia’s maritime crude flows are taking a new turn as Moscow seeks to grapple with looming European sanctions on its exports. India has gone from an insignificant buyer of Russian crude to the second largest shipment destination, behind China.

Asian buyers, led by China and India, now take nearly half of all crude shipped from the country’s ports, with a steady stream of tankers circling Europe and crossing the Suez Canal from the Baltic and Arctic seas.

NATO chief says allies would react if Sweden attacked (4:04 p.m.)

Stoltenberg, NATO secretary general, said Sweden had already received security guarantees from several members of the military alliance as it sought to join the group.

He told reporters after meeting Swedish Prime Minister Magdalena Andersson that NATO had also stepped up its exercises and strengthened its military presence. “And that makes a difference, which means that if Sweden were attacked, I consider it unthinkable that the NATO allies would not react,” Stoltenberg said.

The NATO chief hailed Sweden’s “clear messages, signals” to address Turkish concerns over the country’s bid. Andersson said that when it comes to arms exports, “as a member of NATO, the independent agency that we have might see those decisions differently.” She added: “We take Turkish concerns very seriously, including their security concerns regarding terrorism.”

The war in Ukraine remains the No. 1 concern globally, according to a Kantar poll (3:15 p.m.)

Russia’s invasion of Ukraine remains the top concern in each of the 19 countries surveyed, followed closely by economic concerns and the cost of living crisis, according to the Kantar Global Issues Barometer, which included 11,000 respondents.

With Covid-19 no longer seen as an urgent concern, 64% of people globally ranked war as a top concern, followed by 39% who mentioned economic issues. The level correlated with proximity, with 94% of Poles independently saying they were worried about the war, compared with 80% of Spaniards, Germans and French, Kantar said.

Ukraine sees 2022 grain harvest drop by around 40% (3:05 p.m.)

The war will reduce Ukraine’s grain harvest to 48 million tonnes, down from 84 million tonnes a year ago, as the country lost about a quarter of its agricultural area, the deputy agriculture minister said, Taras Vysotskyi.

The war has prevented sowing and harvesting that could have increased the expected grain harvest by at least 20 million tonnes, he said.

Russia changes tactics, summer heat can make river crossings easier (2:19 p.m.)

Russia has drastically reduced infantry maneuvers in Ukraine, opting instead to use its superiority in artillery and tank firepower to gain an advantage on the battlefield, Ukrainian military spokesman Oleksandr said. Motuzyanyk.

Heavy street fighting continues in the city of Sievierodonetsk, Luhansk region. Russian troops took control of the city center after suffering heavy casualties, Motuzyanyk said. Hot weather is making the nearby Sieverskyi Donets River shallower, forcing Ukrainian troops to reinforce areas where Russian forces might attempt to cross, he said. Russian missiles fired from planes and ships hit targets in the northern Ukrainian town of Pryluky on Monday.

Scholz, Macron and Draghi to travel to Kyiv on Thursday: report (12:15 p.m.)

German Chancellor Olaf Scholz will travel to Kyiv on Thursday with French President Emmanuel Macron and Italian Prime Minister Mario Draghi, Business Insider reported, without identifying the source of his information.

Wolfgang Buechner, a spokesman for the German government, said earlier Monday at a regular press conference that there was no new information about Scholz’s possible trip to Ukraine. The European Commission is expected to recommend on Friday that Ukraine be granted candidate status for EU membership, though the complicated accession process could take decades and the move is seen more as a token gesture than a fast track to real membership.

Macron calls for the revision of the French military budget (12:12 p.m.)

Campaigning for next Sunday’s legislative elections, Macron said he would seek a review of French military spending following the war in Ukraine. As a candidate earlier this year, he pledged to increase the defense budget.

Ukraine’s June Rate Hike May Be Last Needed (11:40 a.m.)

Ukraine’s central bank may not need to raise borrowing costs any further after more than doubling its key interest rate to 25% earlier this month, minutes showed Monday.

Members of the National Bank’s monetary policy committee voted 7 to 3 on June 2 to raise the key rate by 15 percentage points to the highest level in Europe, while agreeing that the country’s economy is not ready to return to a floating exchange rate of the hryvnia.

Even though the uncertainty surrounding the war may keep the central bank open to further policy tightening, some members said that in the longer term, the policy rate may need to be lowered quickly if there is an inflow. international financial support.

Zelenskiy adviser posts wish list for heavy weapons (9:51 a.m.)

Ukraine needs parity in heavy weapons to end the war, Zelenskiy’s adviser Mykhailo Podolyak said on Twitter.

Russia has been gaining ground in eastern Ukraine, using its better-supplied army to bombard positions in some of the most intense fighting of the war to date. Kyiv’s appeals to its Western partners for weapons have become more urgent in recent days.

Russians advance in ‘fierce’ fighting in Sievierodonetsk (8:05 a.m.)

Russian forces pushed back Ukrainian troops from central Sievierodonetsk as fighting raged in the city, according to the Ukrainian army general staff.

“Very fierce fighting is going on, literally for every yard,” Zelenskiy said in his nightly video address.

About 500 civilians, including 40 children, remain trapped in bomb shelters at the Azot chemical plant in the city, regional governor Serhiy Haiday said. The factory was bombed three times in the past day, he wrote on his Telegram channel.

Hundreds killed by Russian shelling in Kharkiv, Amnesty says (7:46 a.m.)

Hundreds of civilians in Kharkiv have been killed by Russian shelling and rocket attacks that amount to war crimes, Amnesty International said in a report detailing numerous strikes.

“People in Kharkiv have faced a relentless barrage of indiscriminate attacks in recent months,” said Donatella Rovera, Senior Crisis Response Adviser at Amnesty International. “The Russian forces responsible for these horrific attacks must be held accountable.”

A local medical official told Amnesty that 606 civilians had been killed and 1,248 injured in the Kharkiv region since the start of the war.

IAEA, Ukraine Restoring backup data link (00:01)

The International Atomic Energy Agency and the Ukrainian operator of the Zaporizhzhya nuclear power plant have restored a remote transmission system for the backup of data sent to the United Nations atomic watchdog. That process was halted for nearly two weeks due to technical issues, the IAEA said.

IAEA Director General Rafael Mariano Grossi hailed the move as positive for safety, but said in a statement that agency inspectors should still be on site as soon as possible for essential verification activities. nuclear materials that cannot be carried out remotely.

Russia seized the Zaporizhzhya nuclear power plant – the largest such facility in Europe – at the start of the war and has retained control of it ever since. He also demanded that Ukraine start paying for the electricity produced in the occupied atomic power plant.

Ukraine pleads with the United States for artillery (8:00 p.m.)

Ukrainian Army Commander-in-Chief Valeriy Zaluzhnyi said on Facebook that he asked General Mark Milley, chairman of the US Joint Chiefs of Staff “to help us get more artillery systems from 155 mm caliber as soon as possible”.

Russia deployed up to seven tactical battalion groups in the assault on the city of Sievierodonetsk and its forces resumed bombardment of residential areas in Kharkiv, Ukraine’s second-largest city, Zaluzhnyi said. The front line spans 2,450 kilometers (1,530 miles) of Ukrainian territory, with active hostilities over 1,105 kilometers, he said.

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