Ukraine War

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The bloc’s economy is weakening due to reduced cooperation with Russia, Deputy Foreign Minister Aleksandr Grushko has said

The EU’s decision to reduce energy and trade cooperation with Moscow over the Ukraine conflict has cost the bloc more than €1 trillion ($1.15 trillion), Russian Deputy Foreign Minister Aleksandr Grushko has said.

In an interview with Izvestia on Monday, Grushko said the figure is based on various expert estimates of the economic consequences of the EU’s decision to impose unprecedented sanctions on Russia, adding that it accounts for lost profits from energy and trade cooperation.

According to Grushko, trade between the EU and Russia dropped from €417 billion ($482 billion) in 2013 to €60 billion ($69 billion) in 2023 and is now “approaching zero.” He added that Europe’s economy has subsequently taken a hit and is losing competitiveness.

“Natural gas in Europe is four to five times more expensive than in the US, and electricity is two to three times higher,” he said. “That is the price Europe has to pay for ending all economic contacts with Russia.”


 

In June, Russian President Vladimir Putin said that refusing Russian gas supplies had cost EU countries around €200 billion ($231 billion). In late 2024, Russian officials also estimated that total EU losses tied to sanctions against Russia had reached $1.5 trillion. Meanwhile, Moscow has said it has acquired a “certain immunity” to Western sanctions.

Grushko’s comments come after the EU agreed a trade deal with the US, which commits the bloc to purchasing large volumes of American energy – which Moscow says will come at a much steeper cost than that provided by Russia – and imposes 15% tariffs on key EU exports. Numerous EU politicians have described the agreement as lopsided and damaging to the bloc’s interests.

Commenting on the US-EU deal, Putin claimed that the EU had essentially lost its political sovereignty, and that this directly leads to losing economic independence.

The EU began imposing sanctions on Russia in 2014, following the start of the Ukraine crisis, and expanded them drastically in 2022. Measures have targeted banking, energy exports, and other industries. Moscow considers the sanctions illegal, saying they violate international trade rules and harm global economic stability.

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The Kremlin has warned that everyone should be careful about nuclear rhetoric, after Donald Trump ordered a repositioning of US nuclear submarines.

Kremlin spokesman Dmitry Peskov played down the significance of Mr Trump’s announcement last Friday that he had ordered two submarines to be moved to “the appropriate regions”.

The move came after former Russian president Dmitry Medvedev made remarks about the risk of war between the nuclear-armed adversaries.

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Fresh from his latest research trip to Ukraine’s battlefields, Michael Kofman joins Ryan for an insightful discussion on the shifting dynamics at the front, the role of drones in Ukraine’s defensive strategy, and the adaptation of Ukrainian military command structures in real time. They explore the political turmoil gripping Ukraine, including contentious reforms targeting anti-corruption agencies, and delve into evolving Western efforts for supplying arms to Ukraine. Their conversation also tackles the implications of President Trump’s growing frustration with Putin and provides a clear-eyed assessment of Senator Graham’s proposed Sanctioning Russia Act of 2025, and what it might mean (or, not mean) for the future of the conflict. Kofman goes into many of these issues further in his show, “The Russia Contingency,” so don’t miss out on becoming a member. Join at warontherocks.com/membership.

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President Donald Trump has set a new deadline of “ten or twelve” days for Russia to make a deal and end the war with Ukraine.

Trump has been pressuring Russia to cease hostilities or face economic repercussions, including tariffs on their key trading partners.

The deadline Trump set on July 14 was 50 days, but he said he has been “very disappointed” in Russian President Vladimir Putin’s lack of effort.

“I’m going to make a new deadline, of about 10, 10 or 12 days from today,” Trump said while speaking to reporters in Scotland alongside UK Prime Minister Keir Starmer. “There’s no reason for waiting. It was 50 days. I wanted to be generous, but we just don’t see any progress being made.”

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Last week, Ukrainian President Volodymyr Zelensky undertook the largest shakeup of top government officials since the NATO-backed proxy war between Ukraine and Russia began in February 2022. Zelensky has officially appointed a new prime minister along with reshuffling several other top cabinet positions. The primary aim of the government shakeup is to solidify Kiev’s ties with the US administration of Donald Trump. US imperialism is still Ukraine’s most important military backer.

Yulia Svyrydenko, 39, was confirmed as the country’s new prime minister on Thursday and will replace former Prime Minister Denys Shmyhal, who has served as prime minister since 2020. Shmyhal will remain part of the Zelensky government as the newly appointed defense minister.

Svyrydenko previously served as first deputy prime minister and minister of economic development and trade. She played the leading role in negotiating the “critical minerals deal” this past spring between Ukraine and the Trump administration that saw Ukraine hand over vast sections of its economy to US imperialism in exchange for continued military aid in the war against Russia.

“She was the key and the only person leading these negotiations. She managed to prevent them from unraveling,” said Tymofiy Mylovanov, a former economy minister who previously worked with Svyrydenko.

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Ukraine’s SBU state security service launched a series of raids on the country’s National Anti-Corruption Bureau (NABU) as part of an investigation into allegations that officials within the agency have been cooperating with Russia.

The SBU said on Monday that it had arrested two officials working for NABU, one a suspected Russian spy and the other over alleged business ties to Russia.

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Russian soldiers needing medical care returned by Ukraine

Two Russian soldiers in need of medical care were handed over by Ukrainian authorities yesterday to be returned home, the Russian defence ministry said.

A ministry statement on Telegram said the two servicemen were handed over and taken to Belarus, one of Moscow’s closest allies, on Russia’s western border. They were receiving treatment in Belarus and would soon return to Russia, it said.

The statement said the action was undertaken on the basis of agreements reached at the second of two direct meetings aimed at ending the conflict last month between Russian and Ukrainian representatives.

The two meetings in Istanbul resulted in agreements to return prisoners of war and remains of fallen soldiers, but made little progress towards an end to the more than three-year-old conflict.

Protests in Ukraine as Zelensky signs bill targeting anti-corruption bodies– www.bbc.com
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President Volodymyr Zelensky has signed a bill that critics say weakens the independence of Ukraine’s anti-corruption bodies, sparking protests in several cities and drawing international criticism.

Critics say the new law undermines the authority of the National Anti-Corruption Bureau (Nabu) and Specialised Anti-Corruption Prosecutor’s Office (Sapo) – placing them under the control of the prosecutor general.

In an address on Wednesday, Zelensky said both agencies would still “work” but needed to be cleared of “Russian influence”.

After the bill passed, hundreds of people gathered in Kyiv for the biggest anti-government protest since the start of Russia’s full-scale invasion in February 2022.

Demonstrations were also seen in the cities of Lviv, Dnipro and Odesa.

“We chose Europe, not autocracy,” said a poster held by one demonstrator. “My father did not die for this,” said another.

Ukraine’s chief prosecutor, Zelensky loyalist Ruslan Kravchenko, will now be able to reassign corruption probes to potentially more pliant investigators, and even to close them.

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Britain on Monday slapped sanctions on 135 oil tankers in Russia’s shadow fleet in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine.

A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet “responsible for illicitly carrying $24 billion worth of cargo since the start of 2024,” the Foreign Office said in a statement.

Security analysts say the fleet of aging vessels is used by Russia to circumvent international sanctions that ban it from selling oil.

Hundreds of vessels have now been sanctioned by the European Union and the U.K. since Russian President Vladimir Putin ordered the invasion of Ukraine in February 2022.

“New sanctions will further dismantle Putin’s shadow fleet and drain Russia’s war chest of its critical oil revenues,” Foreign Minister David Lammy said Monday.

The action came just days after “the U.K. and EU lowered the crude oil price cap further disrupting the flow of oil money into Putin’s war chest,” the ministry statement added.

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The EU on Tuesday said Ukrainian lawmakers were responsible for “a serious step back” as they voted to remove the independence of two anti-corruption agencies. Opponents say the new rules neuter the agencies ability to investigate those close to the upper echelons of politics by placing them under the command of a Prosecutor General, directly appointed by the president.

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Ukrainian President Volodymyr Zelenskyy on Tuesday renewed his offer to meet with Russia’s Vladimir Putin and negotiate an end to the war in Ukraine, but hopes of progress were low as delegations prepared to hold another round of talks.

Russian forces, meanwhile, pounded four Ukrainian cities in nighttime attacks that officials said killed a child.

Putin has spurned Zelenskyy’s previous offers of a face-to-face meeting to end Europe’s biggest conflict since World War II. But the Ukrainian leader insists that lower-level delegations like the ones expected for talks in Istanbul on Wednesday don’t have the political heft to stop the fighting. The sides remain far apart on how to end the war begun by Russia’s full-scale invasion on Feb. 24, 2022.

“Ukraine never wanted this war, and it is Russia that must end the war that it itself started,” Zelenskyy said in a Telegram post.

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EU’s top diplomat Kaja Kallas wants the US to help pay for the weapons for Ukraine.

The new NATO initiative to arm Ukraine rubs Kallas wrong.

Not everyone is thrilled by the new plan devised by US president Donald J. Trump and NATO Secretary General Mark Rutte to send weapons to Ukraine.

The novel initiative will see NATO countries (Europeans and Canada) to cede equipment to Ukraine, and buy back from the US to replenish their arsenals.

This plan sees Trump shifting the financial burden of the war to the warmongering EU powers that want to keep it going.

‘We have spent about $350 billion on the Russia-Ukraine war. And we would like it to end.’

Donald J. Trump

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US president’s remarks follow report saying he encouraged Kyiv to step up strikes inside Russian territory.

United States President Donald Trump has said Ukraine should not target Moscow after he reportedly asked Ukrainian President Volodymyr Zelenskyy if Kyiv could strike the Russian capital if he provided long-range weaponry.

Trump made the comments after The Financial Times on Tuesday reported that the US president had encouraged Zelenskyy to step up strikes deep inside Russian territory during their phone call on July 4.

The report, which cited two unnamed people familiar with the discussion, said Trump had also asked his Ukrainian counterpart whether he could hit Moscow and St Petersburg if supplied with weapons with enough range.

In response to a question on Tuesday about whether Zelenskyy should target Moscow, Trump told reporters at the White House that he should not.

Trump also told reporters that “we’re not looking” at providing Kyiv with longer-range missiles.

White House Press Secretary Karoline Leavitt appeared to confirm the discussion in a statement provided to multiple media outlets, but said it had been taken out of context.

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Though endlessly critical of his predecessor, President Trump has adopted a Ukraine strategy similar to that of former President Joe Biden: Arm the Ukrainians to the teeth and threaten Russian President Vladimir Putin with even more sanctions if he does not agree to a peace deal.

Some of Trump’s closest domestic allies are already warning that the “expanded American role in the Ukraine War” will be “quite shocking” to the America First voters who returned him to the Oval Office.

But the same president who vowed to end the war in 24 hours has lost patience with Putin after six months. “He’s fooled a lot of people,” Trump said of the Russian leader. “He fooled Clinton, Bush, Obama, Biden. He didn’t fool me.” Seated in the Oval Office next to NATO Secretary General Mark Rutte, the president offered a glimpse into the negotiation process and his seemingly shifting mood on the war.

“I felt we had a deal about four times,” Trump admitted. “But it just kept going on and on.”

So Trump will sell weapons to NATO to supply Ukraine, and if Russia does not yield in 50 days, Trump promises another 100% tariff on all Russian goods.

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Russia’s economy is facing fresh turmoil as its once-buoyant property market plunges into crisis, with sales of new apartments collapsing by nearly 39% over the past year, according to new government data. From July 2024 to June 2025, just 458,727 apartments were sold across the country, representing a staggering 38.7% drop in the number of transactions compared to the previous 12 months.

The total area of property sold fell by 37.2%, down to 21.9 million square metres, according to a report by the state-owned housing firm Dom.RF. The figures are echoed by real estate platform Cian, which recorded a 39% decline in property deals year-on-year, down to 477,000 units.

The dramatic decline has been linked to the abolition of Russia’s preferential mortgage program on July 1, 2024.

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Ukraine said it struck a Russian air base on Saturday, while Russia continued to pound Ukraine with hundreds of drones overnight as part of a stepped-up bombing campaign that has dashed hopes for a breakthrough in efforts to end the more than 3-year-old war.

Ukraine’s military General Staff said that Ukrainian forces had struck the Borisoglebsk air base in Russia’s Voronezh region, describing it as the home base of Russia’s Su-34, Su-35S and Su-30SM fighter jets.

Writing on Facebook, the General Staff said it hit a depot containing glide bombs, a training aircraft and “possibly other aircraft.”

Russian officials did not immediately comment on the attack.

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KYIV, Ukraine — Russia fired more than 100 drones at civilian areas of Ukraine overnight, authorities said Monday, as the Kremlin dismissed the country’s transport chief after a weekend of travel chaos when Russian airports grounded hundreds of flights due to the threat of Ukrainian drone attacks.

At least 10 civilians were killed and 38 injured, including three children, in Russian attacks over the previous 24 hours, Ukrainian officials said.

Russia recently has intensified its aerial strikes on civilian areas after more than three years of war. Over the past week, Russia launched some 1,270 drones, 39 missiles and almost 1,000 powerful glide bombs at Ukraine, Ukrainian President Volodymyr Zelenskyy said Monday.

Russia’s bigger army is also trying hard to break through at some points along the roughly 1,000-kilometer (620 miles) front line, where Ukrainian forces are severely stretched.

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UN Secretary General Antonio Guterres condemned Saturday Russia’s biggest drone and missile attack yet in the three-year war in Ukraine.

“The Secretary-General strongly condemns the latest series of large-scale drone and missile attacks by the Russian Federation,” Guterres said in a statement referring to the assault Friday and also calling for a full, immediate and unconditional ceasefire.

Hours-long Russian bombardments sent Ukrainians scurrying for shelters across the country.

AFP journalists in Kyiv heard drones buzzing over the capital and explosions ringing out throughout the night as Ukrainian air defense systems fended off the attack.

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At least four people were killed and more than 30 injured in another round of Russian strikes on Ukraine overnight, just days after a series of phone calls between US president Donald Trump, Russian president Vladimir Putin, and Ukrainian president Volodymyr Zelenskyy.

A view shows the site of apartment buildings hit by a Russian drone strike, amid Russia’s attack on Ukraine, in Odesa, Ukraine. Photograph: State Emergency Service Of Ukraine/Reuters

The latest attack will once again pose questions on what’s next for Ukraine as the US ceasefire proposal, pursued by Trump, appears to be failing to make any further progress.

Zelenskyy’s top aide Andriy Yermak said in an update on Telegram that “one of the important principles of defence is the destruction of the enemy’s ability to produce weapons,” as he called for “Russia’s military-industrial complex … to be weakened in various ways: from sanctions to direct strikes.”

The western world must realise that Russia’s scaling up of weapons production only brings us closer to the day when it will be used not only against Ukraine.

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Russian President Vladimir Putin fired his transport minister on Monday following massive disruptions of Russian civilian airspace caused by Ukrainian drone raids.

The Kremlin provided no specific details or reasons for the dismissal of Roman Starovoit, who had served as the governor of Russia’s Kursk region before being reappointed transport minister in May 2024.

However, his firing comes after almost 300 flights were grounded at major airports over the past weekend due to the latest Ukrainian drone raid.

On Saturday and Sunday, 485 fights ended up getting cancelled, according to the Russian federal aviation agency, Rosaviatsiya.

In total, from early morning on Saturday until Monday morning, so

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DONALD Trump issued a bleak warning that Putin wants to “keep killing people” after Russia launched its largest-yet barrage of drones and missiles at Ukraine.

In a middle finger to the US, the onslaught hit just hours after Putin and Trump had a fruitless 60-minute phone call – which touched on the possibility of fresh American sanctions.

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Green Party lawmakers reportedly want to spend at least €8.5 billion on weapons for Kiev

A group of German lawmakers from the Green Party has called on Chancellor Friedrich Merz to urgently increase military aid to Ukraine, claiming that Berlin must contribute more in light of a slowdown in US arms deliveries, according to a letter obtained by Bild.

The letter, signed by Bundestag deputies Robin Wagener, Sara Nanni, Sebastian Schafer and Anton Hofreiter, criticized the federal government’s recently announced increase in military assistance from €7.1 billion to €8.3 billion as insufficient.

The lawmakers pointed to the US decision to pause certain weapons shipments to Kiev as a critical factor, arguing that Berlin should raise the figure to at least €8.5 billion and commit to maintaining that level through 2029.

The Green MPs, who have been among Kiev’s most vocal supporters in the Bundestag, reportedly said the government still had room to maneuver within the approved budget framework and argued that Germany’s constitutional limits on debt spending could be sidestepped through special exemptions.

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KYIV – Ukrainian President Volodymyr Zelenskyy hailed new agreements with allies that he said would provide “hundreds of thousands” of new drones to the fight against Russia, while US President Donald Trump hinted at possible additional sanctions against Moscow as it continues to reject his cease-fire push.

In his nightly video address, Zelenskyy on July 5 said separate agreements with a US firm and European allies — including Denmark and Sweden — would give Ukraine the ability to hit important targets inside Russia, including defense industry assets, airbases, and oil refineries.

Ukraine is “preparing new steps that will make Russia truly feel that it will pay for this war. There must be accountability for the aggressor. And there will be – entirely just and keenly felt.”

The remarks come in uncertain times for Kyiv regarding the supply of weapons from its most important ally. On July 2, Ukrainian officials reacted with shock as the United States announced plans to halt some unspecified supplies of weapons it previously provided to Ukraine, citing its own dwindling stockpiles.

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RUSSIA’S former transport minister has reportedly been found dead just hours after being fired by Vladimir Putin.

Roman Starovoit, who had held the post for less than a year, was dismissed earlier Monday amid escalating turmoil in Russia’s transport sector.

Hours later, he was reportedly found dead in a car at his home in the Odintsovo neighbourhood – marking another grim twist in the Kremlin’s growing shadow of sudden deaths.

Major channels with links to the Russian security forces reported the cause of death as suicide, claiming the minister was found dead with gunshot wounds.

The firearm, according to Russian media, was an award pistol issued to him in 2023 by the Ministry of Internal Affairs.

Some accounts say it was a Yarygin PYa pistol (Rook), or a Makarov.

Unconfirmed reports suggest he was killed using his own weapon.

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Russia said Sunday it had captured two more settlements in east Ukraine, one in the Donetsk region and one in the Kharkiv region.

Ukraine did not immediately comment on Russia’s claims.

Moscow has been grinding forward on the front line for over a year, pressing its advantage against overstretched and outmanned Ukrainian troops.

On Sunday, Russia said it had captured the village of Piddubne in Donetsk and Sobolivka in Kharkiv.

Piddubne was home to around 500 people before the conflict and lies just 7 kilometers (4 miles) from the border of Ukraine’s central Dnipropetrovsk region.

The Sobolivka village lies some 3 kilometers (2 miles) west of the town of Kupiansk, outside of areas Russia claims it is holding, according to battlefield maps by the U.S.-based Institute for the Study of War (ISW).

In two separate Telegram posts, the Russian Defense Ministry said its army units had “liberated” the settlements of Poddubnoye and Sobolevka, using Russian spellings for the localities.