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Ukraine war: Russia threatens to step up attacks on Kyiv

Moscow says it will respond to any Ukrainian attacks on Russian territory by striking Kyiv with more missiles.

The “number and scale” of attacks will go up if its own settlements become targets, the ministry said.

The warning came as Russia announced a missile strike on a military factory near Kyiv, which it claimed was in response to a Ukrainian helicopter attack on a Russian village.

Ukraine denies it carried out the attack.


Russia near to defaulting on overseas debts, says ratings agency

Russia’s switch to making debt payments in roubles has brought the heavily sanctioned country to the brink of defaulting on its debts, according to a leading credit rating agency.

Heaping further pressure on Vladimir Putin’s beleaguered government, Moody’s said that without a return before 4 May to making payments in dollars as agreed under the terms of Russia’s loans, Moscow could be in default, allowing creditors to claim insurance payouts and tainting the country’s reputation as a reliable counterparty.

The warning by Moody’s of an impending default is expected to be met with an angry response from Putin’s administration, which has denied that the rules governing its loans prevent Russia making interest payments in roubles.

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