Latest news on Russia and the war in Ukraine

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Delegates from Russia and Ukraine will meet in Turkey for talks

Ukrainian and Russian flags are seen on a table ahead of talks between officials of the two countries in Belarus on March 3, 2022.

Maxim Guchek | Reuters

Delegations from Ukraine and Russia are due to meet in Turkey today for further talks.

David Arakhamia, a Ukrainian official who participated in negotiations with Russia, said in a Facebook post Sunday that delegates had decided to hold this round of talks in person.

“Today, in the next round of video connection talks, it was decided to hold the next round live by two delegations in Turkey from March 28 to 30,” he said, according to a translation. from NBC News.

— Chloe Taylor

Ukrainian officials reportedly say Russian forces are retreating from some locations

The mayor of Slavutych – home to employees of the Chernobyl nuclear power plant – said on Monday that Russian troops had left the town, Reuters reported.

“They completed the work they planned to do,” Mayor Yuri Fomichev said in an online video, according to the news agency. “They inspected the city, today they finished doing it and left the city. There are none in the city at the moment.”

On Saturday, the Ukrainian media reported that Slavutych had been captured by Russian forces.

Meanwhile, the Ukrainian armed forces said in the early hours of Monday morning that some Russian troops were withdrawing from the kyiv region towards Belarus.

“The grouping of individual units from the composition of the [Russian] The Eastern Military District continues,” the armed forces said in a Facebook update.

“Units that have suffered significant losses during offensive actions are usually taken to the territory of Belarus for the restoration of the militia,” the update adds, saying that the withdrawal from the territory of the Kyiv region was “famous”.

But officials noted that battles continued across the country and that Russian forces “continued missile and aircraft strikes on important military infrastructure and forward positions aimed at causing casualties and personnel burnout.” “.

CNBC has not been able to independently verify this information.

—Chloe Taylor

Russia will likely launch cyberattacks on oil and gas infrastructure, cybersecurity firm warns

Russian cyberattacks on oil and gas infrastructure are highly likely given the country’s history of “tit-for-tat” action against sanctions, said Rob Lee, co-founder and CEO of the security firm. Dragos cybersecurity.

“In 2014, when Russia invaded Ukraine and took Crimea, there were a number of…sanctions imposed on Western financial institutions,” Lee said on CNBC’s “Street Sign Asia.”

“As a result, Russia ended up using cyberattacks against these financial institutions.”

“Now that we see sanctions against oil and gas infrastructure, Nord Stream 2, etc., we absolutely expect to see cyberattacks against oil and gas infrastructure,” he said. Germany halted certification of the Nord Stream 2 at the end of February – the pipeline was designed to bring natural gas from Russia directly to Europe.

A pump jack extracts oil from the Permian Basin oilfield March 14, 2022 in Odessa, Texas.

Joe Raedle | Getty Images

‘No significant change in Russian force dispositions,’ says UK

Russian soldiers in the Volnovakha district of pro-Russian separatist-controlled Donetsk, Ukraine, March 26, 2022.

Sefa Karacan | Anadolu Agency | Getty Images

The UK Ministry of Defense said that in the past 24 hours there had been “no significant change in the disposition of Russian forces in occupied Ukraine”.

A continuing lack of momentum and morale within the Russian military, along with continued logistical shortages and aggressive Ukrainian resistance are all causing problems for Russia, the UK said in an intelligence update .

“Russia has gained the most ground in the south, near Mariupol, where heavy fighting continues as Russia attempts to seize the port,” he added.

—Chloe Taylor

Read CNBC’s previous live coverage here:

India buys cheap Russian oil at ‘record discounts’ and China may follow suit

Crude oil deliveries from Russia to India were fairly infrequent last year, but there has been a “significant increase” since the start of the Russian-Ukrainian war, according to industry watchers.

Russian crude is being sold at “record discounts”, according to the International Energy Agency.

Ellen Wald, president of Transversal Consulting, said a few commodity trading firms were also offering rebates of up to $30 a barrel two weeks ago for the Urals blend – Russia’s main export oil blend.

Although India’s motives are economic, it would also likely weigh its friendship with Russia in buying its oil — since the two countries have a long history, said Samir N. Kapadia, chief trade officer at the cabinet. Vogel Group government relations consultancy.

Analysts say China, the world’s biggest oil importer, could also opt for discounted Russian oil. “China would really prefer much cheaper oil…the prices are way too high, even in the $90 range, which is too high for China,” said Ellen Wald, president of Transversal Consulting.

—Weizhen Tan

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