Russia takes majority control of key Ukrainian city; Moscow calls U.S. weapons package 'direct confrontation.' Follow our live updates

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Russia takes majority control of key Ukrainian city; Moscow calls U.S. weapons package 'direct confrontation.' Follow our live updates
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The near-full control of the eastern city of Sieverodonetsk, a strategic win for Russia, follows several days of territorial gains.

This is CNBC's live blog tracking developments on the war in Ukraine. See below for the latest updates.

Meanwhile, oil prices have dipped on reports that Saudi Arabia may be willing to increase its crude production if Russia's supply is hit by EU sanctions.Russia has made significant gains in a strategic city in Ukraine's Donbas, the eastern-most city that was still under Ukrainian control and a last Ukrainian holdout in the Luhansk region.

"It is a direct provocation , aimed at involving the West in military action," Lavrov told a news conference while in Saudi Arabia. A young boy sits in front of a damaged building after a strike in Donbas, Ukraine, on May 25, 2022. More than 200,000 Ukrainian children have been deported to Russia, President Volodymyr Zelenskyy said in his nightly address., Ukrainian President Volodymyr Zelenskyy said in his nightly address.

Yesterday, UNICEF reported that on average, more than 2 children are killed and more than 4 are injured every day in Ukraine due mostly to attacks using explosive weapons in populated areas, according to reports verified by the Office of the United Nations High Commissioner for Human Rights.

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