The Russian forces who are advancing in eastern Ukraine with continuous bombardment have captured half of the city of Severodonetsk, reports said.
"The front line has cut (Severodonetsk) into two halves," city head Oleksandr Stryuk told Ukrainian TV. Luhansk regional Governor Serhiy Haidai described it as "a grave situation there."
The Norwegian Refugee Council said that thousands of civilians remain trapped in crossfire in the city without sufficient access to water, food, medicine or electricity.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.