Here is where things stand on Thursday, May 8:
Russian aircraft launched guided bombs on the Sumy region of northern Ukraine in the early hours of Thursday morning despite the ceasefire, Ukraine’s air force said in a post on Telegram. There were no immediate reports of casualties or damage.
Russian forces shot down 12 Ukrainian drones approaching Moscow, the capital’s mayor, Sergei Sobyanin, said on Wednesday. Russia’s aviation watchdog said two airports – the Zhukovsky airport in the Moscow region and the main airport in Kaluga – were temporarily closed.
Russia’s Ministry of Foreign Affairs spokeswoman Maria Zakharova said Moscow had never opposed a ceasefire in Ukraine, Russian state-run news agencies reported on Wednesday, after United States envoy Keith Kellogg said Russian President Vladimir Putin may be obstructing a comprehensive peace deal.
In an interview with the Reuters news agency, Ukraine’s Central Bank governor, Andriy Pyshnyy, said Kyiv is considering a shift away from the US dollar. Potential accession to the European Union and “the probability of global-trade fragmentation”, among other reasons, are forcing the central bank to review whether the euro should be the reference currency for Ukraine’s hryvnia, Pyshnyy was quoted as saying.
For an inflation-adjusted perspective on retail sales, take a look at our Real Retail Sales commentary. Here…
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