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

It is day 100 of Russia's war in Ukraine, which the Kremlin is still calling its "special military operation." Recent days have seen Russian forces gain significant ground in Ukraine's eastern Donbas, and they now control more than 90% of the region of Luhansk, the U.K.'s Ministry of Defense has said.

Russia is starting military drills in the Pacific involving some 40 ships and 20 aircraft. At the same time, U.N. officials have been meeting with their Russian counterparts in an effort to bring Russian and Ukrainian grain exports back into global markets as risks of global food shortages mount.

Elsewhere, the oil-producer alliance OPEC+ has agreed to boost crude output faster than expected in July and August to temper the global price spikes brought on by Russia's invasion of Ukraine and the ensuing sanctions on Russian oil.

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⏰ Last updated: Jun 03, 2022 ⏰

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