Russia-Ukraine updates: US to ban Russian carriers from its airspace

Biden will announce the news in his State of the Union address, a source said.

Russian forces are continuing their attempted push through Ukraine from multiple directions, while Ukrainians, led by President Volodymr Zelenskyy, are putting up "stiff resistance," according to U.S. officials.

The attack began Feb. 24 as Russian President Vladimir Putin announced a "special military operation."

Russians moving from Belarus towards Ukraine's capital, Kyiv, don't appear to have advanced closer towards the city since coming within about 20 miles, although smaller advanced groups have been fighting gun battles with Ukrainian forces inside the capital since at least Friday.

Russia has been met by sanctions from the U.S., Canada and countries throughout Europe, targeting Russia's economy and Putin himself.

Latest headlines:

Here's how the news is developing. All times Eastern.
Feb 28, 2022, 6:47 AM EST

Russia hikes key rate to 20% as ruble tumbles

Russia’s central bank on Monday raised its key interest rate to 20% from 9.5% in an apparent effort to slow the fallout from severe international sanctions. 

The rate hike came as the Russian ruble tumbled, trading down as much as 30% against the U.S. dollar on Monday, according to Bloomberg. The currency traded about 17% lower midday in Moscow. 

People stand in line to withdraw money from an ATM in downtown Moscow, Russia, Feb. 28, 2022.
Pavel Golovkin/AP Photo

The Russian stock market reportedly closed for the day. 

-ABC News’ Zunaira Zaki

Feb 28, 2022, 6:23 AM EST

500,000 refugees have fled Ukraine, UN says

More than 500,000 people have fled Ukraine since the Russian invasion began on Thursday, the U.N. Refugee Agency said on Monday.

A woman fleeing the Russian invasion of Ukraine hugs a child at a temporary camp in Przemysl, Poland, Feb. 28, 2022.
Yara Nardi/Reuters

More than half have crossed the border into Poland, the agency said. Filippo Grandi, the U.N. high commissioner for refugees, had said on Sunday that 368,000 people had fled to neighboring countries.

-ABC News’ Zoe Magee

Feb 28, 2022, 5:00 AM EST

Ukraine delegation arrives for talks with Russia 

The Ukrainian delegation sent for talks with Russia arrived Monday morning at the Belarus-Ukraine border, where the meeting will be held.

Ukraine has said the key issue for the talks is an immediate ceasefire and the withdrawal of Russian troops.

Russia has signalled it wants to discuss Ukraine adopting “neutral status.” 

Ukrainian Defence Minister Oleksii Reznikov, second from left, arrives to attend the talks between delegations from Ukraine and Russia in Belarus' Gomel region on Feb. 28, 2022.
Sergei Kholodilin/BELTA/AFP via Getty Images

The head of Russia’s delegation has said the two sides will meet within about an hour. They are meeting on the Pripyat River, north of Chernobyl.

The Ukrainian delegation includes the Minister of Defense Oleksiy Reznikov, the head of Zelenskyy’s parliamentary party, as well as advisors to the president and MPs.

The venue of the talks between Russian and Ukrainian delegations in Rumyantsev-Paskevich Residence in Gomel, Belarus, Feb. 28, 2022.
Sergei Kholodilin/Belta via REUTERS

Russia’s delegation includes officials from the Foreign and Defense ministries, and the presidential administration.

The talks were agreed to on Sunday in a call between Ukraine’s President Volodymyr Zelenskyy and Belarus’ leader Alexander Lukashenko.

PHOTO: The venue for talks between Russian and Ukrainian delegations in Rumyantsev-Paskevich Residence in Gomel, Belarus, Feb. 28, 2022.
The venue of the forthcoming talks between Russian and Ukrainian delegations is seen, in Rumyantsev-Paskevich Residence in Gomel, Belarus, Feb. 28, 2022.
Sergei Kholodilin/Belta via Reuters

Fighting continued throughout the night, as Russia attempted to advance and bombarded Ukrainian forces.

-ABC News’ Patrick Reevell and Julia Drozd

Feb 28, 2022, 3:29 AM EST

Russian advance slows north of Kyiv, UK military says

The U.K. Ministry of Defence said on Monday that the advance of Russian ground forces had been slowed by Ukraine’s defense of an airport in Hostomel, about 19 miles north of Kyiv. 

“Logistical failures and staunch Ukrainian resistance continue to frustrate the Russian advance,” the ministry said on Twitter.

A satellite image shows a damaged hangar at Antonov Airport in Hostomel, Ukraine, Feb. 27, 2022.
Satellite Image ©2022 Maxar Tec/via Reuters

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