Bloomberg: Price of Russian oil falls below proposed EU cap.

Russia launched 623 aerial weapons overnight, including 339 Shahed-type drones, various decoy UAVs, and 26 Kh-101 cruise missiles, the Air Force said.

"Cut off the head, impale it on a pike, throw it the f**k away," says the voice attributed by HUR to a company commander from Russia's infamous 155th Marine Brigade. The intelligence agency said the order, intercepted on July 10, concerned a Ukrainian prisoner of war (POW).

Benjamin Aser, originally from Hungary, was previously a contracted soldier in the Hungarian Defense Forces.

Russia continued its attacks on western Ukrainian cities overnight on July 12, striking communities far from the front line with drone swarms and missile attacks for the third straight night.

The number includes 1,070 casualties Russian forces suffered just over the past day.

Germany will provide Ukraine with a grant worth 40.5 million euro ($47.4 million) to support small and medium-sized Ukrainian businesses, Ukraine's Finance Ministry announced on July 11.

Norway will provide Ukraine with 25 million Norwegian krone ($2.5 million) to support the country's cybersecurity defenses by the end of 2025, Ukraine's Digital Transformation Ministry announced on July 11.

The proposed price cap would be set at 15% below the market rate based on a 10-week average, lowering the threshold to $50 down from the current cap of $60, people familiar with the matter said.

The World Bank will provide $200 million over the next five years to prepare Ukrainian projects for large-scale reconstruction, the Economy Ministry announced on July 11.

"We have received political signals at the highest level — good signals — including from the United States and from our European friends. According to all reports, aid shipments have been restored," President Volodymyr Zelensky said.

The U.S. Senate Armed Services Committee approved $500 million in aid for Ukraine as part of the 2026 National Defense Authorization Act (NDAA), Reuters reported on July 11.

According to Ukraine's military intelligence head Kyrylo Budanov, Russia’s earlier announcement of its entry into Dnipropetrovsk Oblast serves a political goal.