Russia slips into historic default as sanctions muddy next steps

Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months, Russia had found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace … Read more

‘From Russia with love’: A ally Putin’s gold and plays favorites in Sudan

In a gold-rich area 200 miles north of the Sudanese capital, a mysterious foreign operator dominates the business. Locals call it “the Russian Company” — a tightly guarded plant that processes mounds of dusty ore into bars of semi-refined gold. “The Russians pay the best,” said Ammar al-Amir, a miner and community leader in al-Ibediyya, … Read more

Ukraine: Russians withdraw from around Kharkiv, batter east

Fresh off his country’s Eurovision win, a defiant Ukrainian President Volodymyr Zelenskyy vowed early Sunday to one day host the song contest in the embattled city of Mariupol, which is almost entirely in Russian hands aside from a stalwart group of a few hundred Ukrainian fighters who continue to hold out in a steel factory. … Read more

Ukraine war top developments: Putin claims victory in Mariupol, Biden unveils new $800 million aid package

Nearly two months after Russia’s invasion of Ukraine, President Vladimir Putin declared the port of Mariupol “liberated”, despite hundreds of defenders still holding out inside a giant steel works. In a televised meeting with his defense minister inside the Kremlin, Putin said there was no need for a final confrontation with the last defenders who … Read more