President Vladimir Putin acknowledged Russian forces fighting Ukraine lack sufficient advanced weapons, as Kyiv’s forces reported some success in a counteroffensive backed by a fresh infusion of arms.
(Bloomberg) — President Vladimir Putin acknowledged Russian forces fighting Ukraine lack sufficient advanced weapons, as Kyiv’s forces reported some success in a counteroffensive backed by a fresh infusion of arms.
The Biden administration announced a new $325 million military assistance package for Ukraine Tuesday, including Bradley fighting vehicles, Stinger anti-aircraft systems, Stryker armored personnel carriers and Javelin anti-armor systems. The weapons from US stockpiles will help Ukraine replace vehicles and munitions that it’s losing as it presses ahead with a counteroffensive.
Three people were killed and others were injured in an overnight Russian missile strike on Odesa.
Markets
Grain and oilseed futures climbed as dry weather hit US crops and Russia mulled pulling out of the Black Sea crop-shipping deal. Soybeans soared by as much a 3% while corn rose to the highest since April 20.
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