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The intense bombardment of Kharkiv came hours after Russian markets were rocked by what the Financial Times describes as “an unprecedented wave of Western sanctions”. The rouble fell 20% against the US dollar, while citizens formed long queues to withdraw money from cash machines in Russia, the paper reports.

Financial Times Front Page 16th of January 2025

The recent announcement of a truce between Israel and Hamas, brokered by the US and Qatar, pauses the ongoing conflict to allow negotiations, though Israeli Prime Minister Netanyahu cautions that the agreement is not yet finalized, urging continued vigilance in the diplomatic efforts.

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