IMF said it would continue to work hand in hand with the World Bank Group and other partners to coordinate our support and ensure the maximum benefit for Ukraine.

Russia’s financial markets were gripped by turmoil, with the rouble plunging nearly 30 percent against the dollar – after the European Union announced tough new punitive measures against Moscow,

In Ukraine’s second city, Kharkiv, authorities reported Russian military vehicles were on the move. Street clashes erupted in various districts. Pictures on social media showed two Russian vehicles on fire.

The city of 3 million endured a second night of shelling, with residents hunkering down in basement shelters and the city’s deep underground metro.

Among the strategic sites captured on the first day of the assault was the Chernobyl nuclear power station north of Kyiv, where staff still oversee the plant, though no reactors are in operation 36 years after the world’s worst nuclear accident.

Ukraine is one of the top three buyers of oil from Azerbaijan. The country imported about 337,000 tonnes of crude from Azerbaijan for $196 million in January 2022.

The United Kingdom is ready to guarantee loans of up to $500 million to support Ukraine and mitigate the economic consequences of Russian aggression. Italy is ready to allocate 110 million euros.