Putin ordered the military to continue large-scale coordinated strikes on Ukraine's military-industrial complex facilities and logistics hubs.

South Korea’s deputy prime minister and finance minister Lee Hyeong-il and Bank of Korea Governor Shin met with Federal Reserve chair Kevin Warsh and the U.S. Treasury deputy secretary on Oct. 16 in Bangkok during the IMF/WBG annual meetings in the first four-way 2+2 talks between the two countries. Participants discussed recent economic developments and bilateral economic and financial cooperation. A South Korean finance ministry official said the meeting was intended to strengthen policy coordination between fiscal and monetary authorities and to establish a cooperation mechanism to enable faster, more effective joint responses to external financial shocks.

Japan's finance minister Katayama said Japan seeks cooperation with the U.S. Treasury to help maintain orderly functioning of the foreign exchange market.