The country’s gross domestic product is expected to shrink by 12% as a result of the Western sanctions imposed due to Russia's aggression against Ukraine, according to an internal Finance Ministry forecast obtained by Bloomberg. A potential oil embargo, a decline in Russian gas consumption by EU countries, and the mass exodus of foreign companies from the Russian market were named as the key reasons for the worst expected downturn since 1994. Natalia Lavrova, chief economist at BCS Financial Group, said the trend is likely to expand gradually, “with a lot of negative carrying over into 2023.”
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Moscow cancels Navy Day parade in St. Petersburg as nearly 100 drones reportedly downed across western Russia
'We assessed your attempt' — top Ukrainian drone commander hints Russia tried to strike multiple unit leaders at once
Ukraine war latest: Moscow cancels Navy Day parade in St. Petersburg as nearly 100 drones reportedly downed across western Russia
Investigation: Despite sanctions, American trucks are being used by Russia to launch kamikaze drones
'It hits their psyche hard' — Ukraine's drones throw Russia's airports further into 'chaos'
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Wednesday, July 30
(Updated: )
An 8.8 magnitude earthquake near the Russian peninsula of Kamchatka on July 30 triggered tsunami waves in Russia's Far East, prompting evacuations in Japan and Hawaii and warnings across the Pacific Ocean.
The unidentified drone entered Lithuanian airspace on the morning of July 28 and the search for it has now entered its third day.
Deputy commander of one of the flagship units of Ukraine’s Unmanned Systems Forces specializing in the use of FPV (first-person view) drones discusses the current state of drone warfare in Ukraine
Ukraine misses another chance to appoint economic crimes bureau head as IMF deadline looms, MP says.
Ukraine's Cabinet of Ministers has once again failed to appoint anti-corruption investigator Oleksandr Tsyvinsky as director of the Bureau of Economic Security (BEB), lawmaker Yaroslav Zhelezniak said.
India has "always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of energy, along with China, at a time when everyone wants Russia to stop the killing in Ukraine," Trump said on his Truth Social platform on July 30.
The revision marks the steepest downgrade among major economies in the Fund's report.
The ruling represents a significant win for PrivatBank, which has pursued the case in English courts since 2017 following the bank's nationalization.
President Volodymyr Zelensky signed a law on July 30 enabling sanctions against vessels and aircraft involved in covert Russian schemes to transport oil, weapons, and military personnel.
The most common method of deployment involves first-person view (FPV) drones dropping chemical munitions directly onto Ukrainian defensive positions, Ukraine's Security Service said.
As part of the operation, Ukrainian cyber specialists gained access to servers belonging to the Russian occupation administration of Crimea, Ukraine's military intelligence agency (HUR) claims.
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