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Russian Advances in Eastern Ukraine and Economic Impacts

Russian Advances in Eastern Ukraine and Economic Impacts

Russian forces push deeper into eastern Ukraine, capturing five settlements in Donetsk. Waves of infantry, guided bombs, and relentless air strikes drive territorial gains near Pokrovsk. Ukraine's defenses strained, civilians flee in droves.

Ukraine receives 250 bodies of fallen soldiers in a significant remains exchange. DNA analysis to identify and return them to families.

Russian activist Ilya Yashin, deported in a prisoner swap, vows to return. His expulsion sparks concerns over political prisoner escalation.

Ukraine's central bank forecasts higher emigration due to energy shortages and economic instability. Predicts a net outflow of 400,000 in 2024, 300,000 in 2025, with a gradual return starting 2026.

S&P downgrades Ukraine's credit rating to "selective default" following a missed bond payment. A new law allows suspension of foreign debt payments until October, setting the stage for a sovereign default.

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