Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Ukraine and Russia: What you need to know right now
    Top Stories

    Ukraine and Russia: What you need to know right now

    Published by Wanda Rich

    Posted on June 8, 2022

    3 min read

    Last updated: February 6, 2026

    This image captures the intense fighting in Sievierodonetsk as Ukrainian forces hold their positions against a Russian attack. The ongoing battle in Donbas highlights the critical situation in Ukraine's defense efforts.
    Ukrainian forces defend Sievierodonetsk amid ongoing Russian assault - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:World Bankfinancial crisiseconomic growthinternational organizationsinvestment

    Quick Summary

    (Reuters) – Ukraine’s army was holding out against a Russian assault in the city of Sievierodonetsk, its general staff said on Wednesday, while Russian troops were bringing more resources to the Donbas in a battle for control of the region.

    (Reuters) – Ukraine’s army was holding out against a Russian assault in the city of Sievierodonetsk, its general staff said on Wednesday, while Russian troops were bringing more resources to the Donbas in a battle for control of the region.

    FIGHTING

    * Ukrainian forces may have to pull back to stronger positions in Sievierodonetsk but will not give up the city, regional governor Serhiy Gaidai said.

    * Soldiers are “successfully holding back the assault in the city of Sievierodonetsk” and were holding off attacks in Toshkivka and Ustynivka, the Ukraine general staff said.

    * “The absolutely heroic defence of Donbas is ongoing,” Ukrainian President Volodymyr Zelenskiy said in a video statement on Tuesday. The situation in Sievierodonetsk, Lysychansk and Popasna remains the most difficult, he said.

    * Zelenskiy’s office said two people were killed and two wounded in Luhansk region in the past 24 hours, five civilians were wounded in Donetsk region, and four were killed and 11 wounded in Kharkiv region. It said the number of casualties in Kherson region was unclear.

    * Zelenskiy said Ukraine would launch next week a “Book of Executioners” to detail war crimes.

    * Russia denies targeting civilians and has rejected allegations of war crimes.

    * Over 1,000 Ukrainian soldiers who surrendered in the city of Mariupol have been transferred to Russia for investigation, Russia’s state-owned Tass news agency reported, citing a Russian law enforcement source.

    * Russia has returned the bodies of 210 Ukrainian fighters, most of whom who died defending Mariupol at a vast steel works, Ukraine’s military said.

    DIPLOMACY

    * Turkey hosted Russian foreign minister Sergei Lavrov for talks aimed at restarting the stalled Ukraine peace process and finding a way to reopen Ukrainian ports for shipments of grain.

    * Following the talks, Turkey said a proposed U.N. plan to reopen the Ukrainian ports was reasonable, but more negotiations were necessary.

    * Lavrov said Ukraine would have to remove mines from its ports to allow them to reopen.

    * Lavrov said a meeting between Russian President Vladimir Putin and Ukraine’s Zelenskiy could happen only after peace talks resume.

    ECONOMY

    * Russian shelling destroyed the warehouses of one of Ukraine’s largest agricultural commodity terminals in the Black Sea port of Mykolaiv at the weekend, the region head said.

    * Ukraine could export a maximum of only two million tonnes of grain a month if Russia refuses to lift its blockade of the country’s Black Sea ports, said Ukraine’s first deputy minister for Agrarian Policy and Food.

    * The World Bank board has approved $1.49 billion of additional financing for Ukraine to help pay government and social workers’ wages.

    * Under heavy pressure from Western sanctions and airspace bans, Russian state airline Aeroflot said it planned to raise up to 185.2 billion roubles ($3 billion) in an emergency share sale.

    NUCLEAR

    * Radiation detectors in the Exclusion Zone around Ukraine’s defunct Chornobyl nuclear power plant are online for the first time since Russia seized the area on Feb. 24, and radiation levels are normal, the U.N. nuclear watchdog said.

    (Compiled by Himani Sarkar and Peter Graff)

    Frequently Asked Questions about Ukraine and Russia: What you need to know right now

    1What is a financial crisis?

    A financial crisis is a situation in which the value of financial institutions or assets drops rapidly, often leading to widespread economic instability.

    2What is economic growth?

    Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured by GDP.

    3What is investment?

    Investment is the act of allocating resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostWalMart expands transportation partnerships with electric, hydrogen vehicle pilots
    Next Top Stories PostTech firms request inclusion on Russia’s domestic software list -RBC