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Evening Briefing: US May Soon Push Russia Closer to Default

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The Azovstal steel plant in the destroyed Ukrainian port city of Mariupol on May 10. Kyiv has decided to retreat from the plant following a two month siege.

The Azovstal steel plant in the destroyed Ukrainian port city of Mariupol on May 10. Kyiv has decided to retreat from the plant following a two month siege.

Photographer: Stringer/AFP

The Biden administration is poised to fully block Russia’s ability to pay US bondholders after a deadline expires next week, a move that could bring Moscow closer to the brink of default. European leaders indicated they were confident an understanding could be reached with Turkey over Sweden and Finland’s proposed NATO membership while the US is putting together a $500 million military aid package for India—a bid to wean it off of Russian arms. On the ground in Ukraine, a rescue operation was underway for more than 200 soldiers trapped inside a steel plant in the largely destroyed port city of Mariupol. Russian forces have been bombing the facility for weeks

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