A senior Russian military officer said Moscow aimed to seize control of eastern and southern Ukraine, including critical Black Sea ports, while German Chancellor Olaf Scholz said his top priority was to avoid a war with nuclear-armed Russia.
As Russia’s invasion of Ukraine closed in on its third month, Ukrainian Prime Minister Denys Shmyhal told global policy makers it would cost $600 billion for his country to rebuild. U.S. Treasury Secretary Janet Yellen said it might be possible to get Russia to foot part of that bill, adding Europe should be “careful” about a ban on Russian oil that could hurt the world economy.