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Ukraine Latest: Russia May Dodge Deep Fall; US and China to Talk

Residents pass destroyed buildings in Borodianka, Ukraine.

Residents pass destroyed buildings in Borodianka, Ukraine.

Photographer: Alexey Furman/Getty Images

Bloomberg News
Updated on

Russia appears on track for a much shallower recession than many forecasters initially expected due to rising oil production that has blunted the impact of US and European sanctions over its war in Ukraine.

US Secretary of State Antony Blinken plans a candid discussion about the war with his Chinese counterpart during an upcoming summit in Bali. A top Biden administration official earlier urged Beijing to stop spreading Russian “lies” about the Kremlin’s invasion of its neighbor.