Ukraine war situation report – day 124
June 27, 2022 -
Ukraine president Volodymyr Zelenskiy is to urge world powers to step up their support for Ukraine when he addresses the G7 summit in Germany, as Kyiv reels from the first Russian strikes on the capital in weeks.
Russia stepped up air strikes on Ukraine over the weekend, including on the capital of Kyiv, while the strategic eastern city of Severodonetsk fell to pro-Russian forces.
Zelenskiy’s speech at the G7 summit comes as Russia looked set for its first sovereign default in decades as some bondholders said they had not received overdue interest on Monday following the expiry of a key payment deadline a day earlier.
Russia has struggled to keep up payments on $40 billion of outstanding bonds since its invasion of Ukraine on Feb 24, as sweeping sanctions have effectively cut the country off from the global financial system and rendered its assets untouchable to many investors, Reuters reports.