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Moscow Stock Exchange Closed, Bakhmut Key to Defending Eastern Ukraine Cities

RUSSIA
  • Note the Moscow Stock Exchange is closed today as Russia holds a public holiday.
  • EU defense ministers cautiously welcomed a plan to send Ukraine ammunition from their existing stocks, but urged the bloc to work faster on jointly procuring shells to jump-start production, Bloomberg report. The European Commission last week circulated a three-track plan, proposing to immediately transfer ammunition to Ukraine, particularly 155mm artillery rounds, from existing stocks or pending orders.
  • Russian Defense Minister Sergei Shoigu said that taking Bakhmut would let Kremlin forces push farther into Ukraine’s defenses, as he vowed to continue a months-long attack that’s shown limited results so far, Bloomberg report. Ukrainian President Zelenskiy, who ordered his military commanders on Monday to summon more forces to defend Bakhmut, said in an interview that giving up the besieged city would give Russia an “open road” to capture cities in eastern Ukraine.
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