The benchmark contract at 241 euros per megawatt-hour on Aug. 18 has exceeded the previous record in early March by 6.7%, according to Bloomberg. The price is 11 times higher than usual for this season.
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Ukraine war latest: Drones attack Russia's Black Sea Fleet; Russian pipelines explode in country's Far East, HUR says
Iran summons Ukraine's envoy, warns of 'consequences' over comments on Israeli, US strikes
Pipelines supplying Russian military explode in Russia's Far East, HUR source says
Ukraine’s new interceptor UAVs are starting to knock Russia’s long-range Shahed drones out of the sky
Deputy commander of Russian Navy killed in Ukrainian strike in Kursk, Russian official confirms
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Wednesday, July 16
The number includes 1,170 casualties Russian forces suffered just over the past day.
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In Kharkiv, at least 17 explosions rocked the city in 20 minutes amid a massive Russian drone strike. Explosions, power outages, and mass strikes have been reported in multiple cities.
Daniel Martindale, an American who secretly provided intelligence to the Kremlin while living in Ukraine, was granted Russian citizenship during a televised ceremony in Moscow on July 15.
A new Finnish law banning Russian and Belarusian citizens from purchasing real estate took effect July 15, part of a broader effort to bolster Finland's national security amid Russia's increasingly aggressive posture in the region.
Wednesday, July 16
Footage shows drone operators with the Omega Wings special operations unit of Ukraine's National Guard taking out a Russian 2S19 Meta-S self-propelled howitzer.
The U.S. government’s development finance agency has started looking for a company to manage a joint U.S.-Ukraine investment fund, Ukraine’s Economy Ministry said in a July 15 press release.
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U.S. President Donald Trump's remarks come after the Financial Times (FT) reported, citing undisclosed sources, that he asked President Volodymyr Zelensky whether Kyiv could strike Moscow or St. Petersburg if provided with long-range U.S. weapons.
"The government coalition rejects the imbecile proposal of the European Commission to stop the flow of Russian gas from 2028," Slovak Prime Minister Robert Fico said.
Denmark and Sweden are open to help deliver U.S. weapons, including Patriot air defense systems, to Ukraine via NATO, countries' officials said on July 15.
Vitaliy Shabunin, head of the Anti-Corruption Action Center's (AntAC) executive board and current member of the country's Armed Forces, was charged on July 11 with evading military service and fraud — an accusation he and his team reject.
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Donald Trump encouraged the strategy so that Russia could "feel the pain" and agree to negotiations, the Financial Times reported, citing its sources.
