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Ukraine’s president vows to stay put as Russian invaders approach

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Ukrainian President Volodymyr Zelenskiy vowed on Friday to stay in Kyiv as his troops battled Russian invaders advancing toward the capital in the biggest attack on a European state since World War Two, Reuters reported.

Russia launched its invasion by land, air and sea on Thursday following a declaration of war by President Vladimir Putin. An estimated 100,000 people fled as explosions and gunfire rocked major cities. Dozens have been reported killed.

U.S. and Ukrainian officials say Russia aims to capture Kyiv and topple the government, which Putin regards as a puppet of the United States. Russian troops seized the Chernobyl former nuclear power plant north of Kyiv as they advanced along the shortest route to Kyiv from Belarus to the north.

“(The) enemy has marked me down as the number one target,” Zelenskiy warned in a video message as heavy fighting was reported on multiple fronts. “My family is the number two target. They want to destroy Ukraine politically by destroying the head of state.”

“I will stay in the capital. My family is also in Ukraine.”

According to Reuters Putin says Russia is carrying out “a special military operation” to stop the Ukrainian government from committing genocide against its own people – an accusation the West calls baseless. He also says Ukraine is an illegitimate state whose lands historically belong to Russia.

Asked if he was worried about Zelenskiy’s safety, U.S. Secretary of State Antony Blinken told CBS: “To the best of my knowledge, President Zelenskiy remains in Ukraine at his post, and of course we’re concerned for the safety of all of our friends in Ukraine – government officials and others.”

SANCTIONS BUILD

A democratic nation of 44 million people, Ukraine voted for independence at the fall of the Soviet Union and has recently stepped up efforts to join the NATO military alliance and the European Union, aspirations that infuriate Moscow, Reuters reported.

The United States, Britain, Japan, Canada, Australia and the EU unveiled more sanctions on Moscow on top of penalties earlier this week, including a move by Germany to halt an $11 billion gas pipeline from Russia.

EU foreign policy chief Josep Borrell described the bloc’s measures as “the harshest package of sanctions we have ever implemented”.

China came under pressure over its refusal to call Russia’s assault an invasion, read the report.

U.S. President Joe Biden, speaking to reporters at the White House, said: “Any nation that countenances Russia’s naked aggression against Ukraine will be stained by association.” He declined to comment directly on China’s position.

Russia is one of the world’s biggest energy producers, and both it and Ukraine are among the top exporters of grain. War and sanctions will disrupt economies around the world.

According to Reuters oil prices soared as much as $2 per barrel on Friday as markets brace for the impact of trade sanctions on major crude exporter Russia.

U.S. wheat futures hit their highest in nearly 14 years, corn hovered near an eight-month peak and soybeans rebounded on fears of grain supply disruptions from the key Black Sea region.

Airlines were also facing disruptions, with Japan Airlines (9201.T) cancelling its Thursday evening flight to Moscow and Britain closing its airspace to Russian carriers.

MILITARY ADVANCES

Zelenskiy said 137 military personnel and civilians had been killed in the fighting, with hundreds wounded. Ukrainian officials had earlier reported at least 70 people killed.

Ukrainian forces downed an aircraft over Kyiv early on Friday, which then crashed into a residential building and set it on fire, said Anton Herashchenko, an adviser to the interior minister. It was unclear if the aircraft was manned, read the report.

A missile hit a Ukrainian border post in the southeastern region of Zaporizhzhya, killing and wounding some guards, the border guard service said.

The United States and other NATO members have sent military aid to Ukraine but there is no move to send troops for fear of sparking a wider European conflict.

Foreign Minister Dmytro Kuleba pleaded for “more weapons to continue fighting … the amount of tanks, armoured vehicles, airplanes, helicopters that Russia threw on Ukraine is unimaginable”.

Some 90 km (60 miles) north of Kyiv, Chernobyl was taken over by forces without identifying marks who disarmed a Ukrainian military unit guarding the station, Ukraine’s state nuclear regulator said, Reuters reported.

It said there had been no casualties, that nothing had been destroyed and that radiation levels were unchanged. It informed the International Atomic Energy Agency that it had lost control of the plant.

The U.N. Security Council will vote on Friday on a draft resolution that would condemn Russia’s invasion and require Moscow’s immediate withdrawal.

However, Moscow can veto the measure, and it was unclear how China would vote.

World

US Vice President Vance emerges as key figure in Iran peace efforts: Report

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US Vice President JD Vance has taken a leading role in Washington’s efforts to broker peace with Iran, nearly a month into the ongoing conflict, according to US media reports on Friday.

An Axios report says Vance has been actively engaged in behind-the-scenes diplomacy, holding multiple discussions with Israeli Prime Minister Benjamin Netanyahu and coordinating with Gulf allies, while maintaining indirect communication channels with Iranian officials.

The White House reportedly views Vance as a central negotiator due to his senior position and his skepticism toward prolonged military engagements, making him a suitable envoy for sensitive negotiations.

Vance’s efforts include coordination with countries such as the United Arab Emirates and Qatar, focusing on de-escalation, potential peace talks, and regional security.

US President Donald Trump formally confirmed Vance’s role on Thursday, noting that he is working alongside Middle East Envoy Steve Witkoff and Jared Kushner on ongoing negotiations and will brief officials on developments regarding Iran.

White House officials told Axios that Vance’s seniority and opposition to extended foreign conflicts make him a more appealing interlocutor for Iran than other envoys, with Witkoff recommending him as the lead negotiator. “If the Iranians can’t strike a deal with Vance, they don’t get a deal. He’s the best they’re gonna get,” a senior administration official said.

While Vance assumes a larger diplomatic role, Witkoff and Kushner continue handling negotiations. Reports of a confrontation between Vance and Netanyahu were dismissed by US and Israeli sources as inaccurate.

According to the report, Vance initially expressed skepticism about the war’s duration, objectives, and resource impact but supported a strategy of overwhelming force once Trump decided to proceed. Vance remains aligned with Israel while carefully navigating differences between US and Israeli objectives, advisers said.

“He has his own views, but he is going to work according to Trump’s instructions and try to achieve an outcome that the president likes,” a source close to Vance added.

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Trump signature to appear on US currency, ending 165-year tradition

The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet ​Yellen, and former Treasurer Lynn Malerba.

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U.S. paper currency will bear ‌President Donald Trump’s signature starting this summer, the first time a sitting president has signed American money, the Treasury Department said on Thursday.

The redesigned notes, planned to mark the 250th anniversary of American independence, will also for the first time in 165 years drop the signature of the ​U.S. treasurer, who reports to the Treasury Secretary and oversees the Bureau of Engraving and Printing, the U.S. ​Mint and other Treasury functions, Reuters reported.

The first $100 bills with Trump’s signature and that of U.S. Treasury Secretary ⁠Scott Bessent will be printed in June, followed by other bills in subsequent months. The new bills may take several ​weeks to circulate through banks.

The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet ​Yellen, and former Treasurer Lynn Malerba.

Malerba will be the last of an unbroken line of treasurers whose signatures have appeared on U.S. federal currency since 1861, when the U.S. government first issued it.

The signature change is the latest effort by the Trump administration and its allies to put the ​president’s name on buildings, institutions, government programs, warships and coins. A federal arts panel, whose members Trump appointed, approved last ​week the design for a commemorative gold coin with Trump’s image.

Bessent said in a statement that the move was appropriate for the U.S. 250th ‌anniversary, given ⁠strong U.S. economic growth and financial stability during Trump’s second term, read the report.

“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent said.

An effort for a circulating $1 Trump coin was set back by ​laws prohibiting the depiction of ​living individuals on U.S. coins.

A ⁠statute governing the printing of Federal Reserve notes gives the Treasury broad discretion to change designs to guard against counterfeiting. The law requires keeping certain elements, including the words “In God We ​Trust,” and only allows portraits of deceased individuals.

The overall designs of bills will not change, ​except for Trump’s ⁠signature replacing the Treasurer’s, Treasury officials said. A mock-up of the $100 bill with Trump’s signature was not immediately available.

Malerba, the former treasurer, declined comment on the Trump administration’s move.

Her predecessor, Jovita Carranza, who served as treasurer in Trump’s first term, called the change “a powerful ⁠symbol of ​American resilience, the enduring strength of free enterprise and the promise of ​continued greatness.”

The current treasurer, Brandon Beach, whose name has not appeared on the currency, also issued a supportive statement, saying Trump was the architect of a “golden ​age economic revival.”

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Trump to hit Iran harder if Tehran does not accept defeat, White House says

Talks with Iran were still under way, Leavitt said. “Talks ‌continue. ⁠They are productive, as the president said on Monday, and they continue to be,” she added.

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President Donald Trump will hit Iran harder if Tehran fails to accept that ​the country has been “defeated militarily,” White House press secretary Karoline Leavitt said ‌on Wednesday.

“President Trump does not bluff and he is prepared to unleash hell. Iran should not miscalculate again,” Leavitt told reporters in a press briefing.

“If Iran fails to accept the reality ​of the current moment, if they fail to understand that they have ​been defeated militarily, and will continue to be, President Trump will ⁠ensure they are hit harder than they have ever been hit before,” she ​said.

As the joint U.S.-Israeli war on Iran entered its fourth week, there have ​been efforts by multiple countries such as Pakistan, Turkey and Egypt to mediate.

Iran is still reviewing a U.S. proposal to end the war, despite an initial response that was negative, ​a senior Iranian official told Reuters on Wednesday, indicating that Tehran had so ​far stopped short of rejecting it outright.

Talks with Iran were still under way, Leavitt said. “Talks ‌continue. ⁠They are productive, as the president said on Monday, and they continue to be,” she added.

Citing unnamed sources, media outlets on Tuesday reported that Washington sent Tehran a 15-point plan on ending the war. Leavitt said on Wednesday that elements of ​the reports were not ​fully accurate, but ⁠she did not provide specifics.

“The White House never confirmed that full plan. There are elements of truth to it, but some ​of the stories I read were not entirely factual, so ​I am ⁠not going to negotiate on behalf of the president here at the podium,” Leavitt said.

Global equity markets regained some ground while oil prices dipped on Wednesday after the ⁠reports ​about the plan, with investors hoping for an end ​to a war that has disrupted global energy supplies and raised inflation concerns.

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