According to the International Monetary Fund's report, Russia's gross domestic product will drop by 8.5% this year. The IMF also expects that Russia's war "will contribute to a significant slowdown in global growth in 2022 and add to inflation."
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Thursday, May 7
Russian attacks killed 13 people and injured 54 others across Ukraine over the past day, with Sumy city authorities declaring May 7 a day of mourning.
The figure includes 890 casualties that Russian forces suffered over the past day.
Ukrainian drones reportedly targeted a military logistics facility in Naro-Fominsk, Moscow Oblast, overnight on May 7, social media channels reported.
"In the southern Ukrainian lands currently under occupation, Russia plans to implement the same processes of looting and deindustrialization that it carried out in the captured Donbas region," President Volodymyr Zelensky said.
"If he unblocks aid to Ukraine but also goes to Russia, maybe we can forgive him," Polish Foreign Minister Radoslaw Sikorski said.
Thursday, May 7
Rustem Umerov, the secretary of Ukraine's National Security and Defense Council, is expected to meet U.S. Special Envoy Steve Witkoff in Miami as early as this week, Bloomberg reported on May 6.
President Volodymyr Zelensky said on May 6 that Ukraine is preparing legislation to legalize private military companies, as Kyiv looks to create new postwar opportunities for veterans and expand its role in the global security sector.
(Updated: )
"We just don't see the point (to follow it) for the parade," a senior Ukrainian official told the Kyiv Independent.
The decision by Mykola Hladyshchenko, head of state-owned Sense Bank's supervisory board, follows the publication of alleged transcripts of audio tapes implicating the bank in the corruption scandal last week.
Kyiv rejected Russia's Victory Day truce after Moscow violated Ukraine's ceasefire 1,820 times and Russian attacks killed 26 civilians nationwide.
Ukrzaliznytsia has recorded 983 attacks on railway infrastructure since the start of 2026, with strikes also hitting passenger trains and causing civilian casualties.
The report describes the trend as a "deeply troubling trajectory in the war," finding a sustained pattern in which responders are repeatedly targeted while carrying out rescue operations, including after arriving at strike sites.
"Half of the FSB building is completely gone," the Crimean Wind Telegram channel wrote.
Russia cancels Victory Day celebrations in Crimea over 'safety concerns' amid Ukraine drone strikes.
"This decision by the authorities is based on security considerations," Crimea's head of Russian occupation authorities, Sergey Aksyonov, said.
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