A Ukrainian delegation said Thursday it was en route for a second round of ceasefire talks with Russia on the day Ukraine lost its first major city to Russian forces.

"On our way to negotiations with the Russian Federation. Already in helicopters," presidential advisor Mykhailo Podolyak said on Twitter.

Podolyak posted a photo of himself with

Ratings agencies Fitch and Moody's slashed Russia's sovereign debt on Thursday to "junk" status, or the category of countries at risk of not being able to repay their debt, a week after Moscow began its assault on Ukraine.

Moody's downgraded the rating on Russian long-term debt from Baa3 to B3 subject to a further review over the West's sanctions

Swedish furniture giant Ikea said Thursday it would suspend its activities in Russia and Belarus, affecting nearly 15,000 employees, 17 stores and three production sites, in response to the war in Ukraine.

"The war has had a huge human impact already. It is also resulting in serious disruptions to supply chain and trading conditions. For all of