Some analysts expect a ‘complete collapse’ in currency amid signs one state-backed bank could fail, while Ukraine president warns key moment has arrived
The Russian rouble has crashed more than 40% after trading began on Monday in the wake of unprecedented international sanctions against the country’s financial system over Vladimir Putin’s invasion of Ukraine.
The news came as Ukraine’s president Volodymyr Zelenskiy told the British prime minister that the next 24 hours would be “crucial” for his country and amid reports that a column of Russian tanks was heading for the capital.
Belarus is reportedly preparing to send soldiers into Ukraine in support of the Russian invasion. The Washington Post spoke to an unnamed US administration official on Sunday evening who said the deployment could begin as soon as Monday. “It’s very clear Minsk is now an extension of the Kremlin,” they said. Kyiv Independent reported the move was likely after Putin failed to secure a swift victory. The Guardian has not been able to independently verify the claim.
Blasts were heard in the capital Kyiv and in the major city of Kharkiv early on Monday morning, Ukraine’s state service of special communications reported.
Ukraine’s interior ministry said 352 Ukrainian civilians have been killed during Russia’s invasion, including 14 children. It says an additional 1,684 people, including 116 children, have been wounded.
A rare emergency special session of the UN general assembly is due to be held on Monday in response to Russia’s invasion of Ukraine, marking the first time in 40 years the security council has made such a request.
