The Biden administration says it has made a "substantial offer" to secure the release of two Americans who have been detained by Russia.
CNN reported that Washington has offered to release convicted Russian arms trafficker Viktor Bout in exchange for Paul Whelan and Brittney Griner, but the White House and the Department of State refused to reveal details of the proposed deal.
Dubbed the merchant of death, Viktor Bout is an arms dealer currently serving a 25-year jail term on charges of arming a Colombian rebel group to kill Americans.
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Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.