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    Home > Top Stories > Ukraine loses key town as Russia claims it surrounds troops
    Top Stories

    Ukraine loses key town as Russia claims it surrounds troops

    Published by Wanda Rich

    Posted on June 24, 2022

    2 min read

    Last updated: February 6, 2026

    A devastated Hirske town, highlighting the impact of the ongoing conflict as Russian forces claim to have encircled Ukrainian troops. This image reflects the critical situation in the Luhansk region amid the Ukraine crisis.
    Destruction in Hirske, Ukraine as Russian forces surround troops - Global Banking & Finance Review
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    Tags:financial crisisinternational organizationseconomic growthforeign currencyinvestment portfolios

    Quick Summary

    KYIV (Reuters) -Ukraine said Russian forces had “fully occupied” a town south of the strategically important city of Lysychansk in the eastern Luhansk region as of Friday, and Moscow claimed it had encircled about 2,000 Ukrainian troops in the area.

    KYIV (Reuters) -Ukraine said Russian forces had “fully occupied” a town south of the strategically important city of Lysychansk in the eastern Luhansk region as of Friday, and Moscow claimed it had encircled about 2,000 Ukrainian troops in the area.

    The loss of Hirske and several other settlements around it leaves Lysychansk, the last major Ukrainian-controlled city in Luhansk, in danger of being enveloped from three sides by advancing Russian forces.

    “Unfortunately, as of today… the entire Hirske district is occupied,” Hirske’s municipal head Oleksiy Babchenko said in a television broadcast. “There are some insignificant, local battles going on at the outskirts, but the enemy has entered.”

    “There is a red flag flying over the municipal administration (in Hirske),” a spokesperson for the regional administration told Reuters by telephone.

    Russia’s defence ministry said on Friday it had encircled up to 2,000 Ukrainian troops, including 80 foreign fighters, at Hirske. Reuters could not independently verify the report.

    The spokesperson for the regional administration declined to comment on the assertion.

    In its daily briefing on Friday, Russia’s defence ministry said its forces had “completely isolated” a group of Ukrainian units near Hirske and Zolote. It said it had encircled four Ukrainian battalions, an artillery group and a “detachment of foreign mercenaries.”

    Half of Zolote is under Russian control, it said, adding that it was launching “uninterrupted attacks” around encircled Ukrainian forces at Hirske.

    Ukraine said on Friday its troops were withdrawing from Lysychansk’s sister city Sievierodonetsk, the scene of weeks of intense bombardments and street fighting, in what would be a significant setback in its struggle to defeat Russian forces.

    “Our forces had to withdraw and conduct a tactical retreat because there was essentially nothing left there to defend. There was no city left there and, secondly, we could not allow them to be encircled,” said Oleksander Musiyenko, a Kyiv-based military analyst.

    (Reporting by Max Hunder and Tom Balmforth; Editing by Mark Heinrich, William Maclean)

    Frequently Asked Questions about Ukraine loses key town as Russia claims it surrounds troops

    1What is a financial crisis?

    A financial crisis is a situation where financial institutions or assets suddenly lose a large part of their value, often leading to economic instability and a downturn in economic activity.

    2What is foreign currency?

    Foreign currency refers to the money used in a country other than one's own, which is typically needed for international trade and investment.

    3What are investment portfolios?

    Investment portfolios are collections of financial assets such as stocks, bonds, and cash equivalents held by an individual or institution to achieve specific financial goals.

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