
Russia's war-fueled economy is running on empty, Central Bank chief warns
"We grew for two years at a fairly high pace because free resources were activated," Russia's Central Bank Governor Elvira Nabiullina said.
Team
Anna Fratsyvir is a news editor at the Kyiv Independent, with a background in broadcast journalism and international affairs. Previously, she worked as a TV journalist at Ukraine’s public broadcaster Suspilne, covering global politics and international developments. Anna holds a Bachelor's degree in International Communications from Taras Shevchenko National University and is currently an MA candidate in International Relations at the Johns Hopkins School of Advanced International Studies (SAIS).
"We grew for two years at a fairly high pace because free resources were activated," Russia's Central Bank Governor Elvira Nabiullina said.
"There are hundreds of thousands of Russian citizens who have fought against Ukraine," Estonian Interior Minister Igor Taro said. "We must take a clear stance, these individuals cannot freely travel across Schengen."
In the adopted text, Dutch lawmakers declared that the Soviet-led deportation of Crimean Tatars, which took place between May 18 and 21, 1944, constitutes genocide by contemporary legal and historical definitions.
Kremlin spokesperson Dmitry Peskov warned that any attempt at regime change in Tehran or threats to its leadership would "open Pandora's box," deepening instability across the Middle East and beyond.
"Until the necessary 'homework' is done to remove the irritants in our relations with the United States, it makes no sense to organize a meeting," Kremlin spokesperson Dmitry Peskov said.
According to Politico, the proposed plan would redirect the frozen Russian assets into a special investment fund under EU control, allowing for higher returns without confiscating the principal.
The vote aligns Finland with its Baltic allies, Estonia, Latvia, and Lithuania, whose parliaments have already approved similar exits from the treaty.
Russia's ambassador to the United Kingdom, Andrei Kelin, said Russia is continuing its offensive and sees no need to stop hostilities, publicly acknowledging Moscow's disregard for U.S.-backed ceasefire efforts.
The La Compania network, which is allegedly linked to the Russian government and the Kremlin's Project Lakhta, was led by Russian nationals Lev Konstantinovich Andriashvili and his wife Irina Yakovenko, who are both residents of Argentina, according to Argentine authorities.
Top EU diplomat Kaja Kallas cited a sharp increase in Russia's military spending, noting that Moscow is now allocating more money to defense than the EU combined, and more than its own health care, education, and social policies put together.
Ukrainian air defenses shot down 40 drones, while 48 disappeared from radars or were intercepted by electronic warfare.
Russia on June 18 warned the world is "millimetres away from catastrophe" due to Israeli strikes on Iran's nuclear infrastructure, just four months after one of its own drones struck the Chornobyl nuclear site in Ukraine. Russian Foreign Ministry spokesperson Maria Zakharova accused Israel of escalating the risk of a
"Russia uses these vessels to circumvent international sanctions and sustain its illegal and immoral war against Ukraine," Australia's Foreign Ministry said in a statement.
According to the Guardian, some in Kyiv are unsure if President Volodymyr Zelensky's presence at the summit would be worthwhile without a confirmed meeting with U.S. President Donald Trump.
Kravchenko, a former military prosecutor and most recently head of Ukraine's tax service, replaces Andrii Kostin, who stepped down in October 2024 following a scandal involving fraudulent disability claims by dozens of prosecutors in Khmelnytskyi Oblast.
According to public broadcaster Suspilne, a crowd gathered to assert control over the church, which had recently voted to switch allegiance from the UOC-MP to the Orthodox Church of Ukraine (OCU) — an autocephalous (autonomous) Ukrainian church not affiliated with Moscow.
"We extend deepest condolences to the victims' families. This senseless attack runs counter to President Trump's call to stop the killing and end the war," the U.S. Embassy in Ukraine said in a statement.
EU High Representative Kaja Kallas urged the European Union to press forward with lowering the oil price cap on Russian crude, even without U.S. support, warning that Middle East tensions could otherwise drive prices up and boost Russia's revenues.
Ukraine's Foreign Ministry has urged its citizens to leave Israel and Iran "as soon as possible" due to a serious deterioration in regional security.
At the time of writing some seven hours later, the White House has still yet to comment on the attack.
"On the capital's Nyvky neighborhood, emergency workers are now finding these kinds of cluster munition parts," Mayor Vitali Klitschko said in a statement.
Russian Security Council Secretary Sergei Shoigu is expected to meet with North Korean leader Kim Jong Un during the visit.
The suspects allegedly demanded $200,000 in exchange for facilitating the successful testing and adoption of five radio electronic warfare systems provided to Ukraine at no cost.
The group, made up of students and teachers from Chernivtsi Oblast, was returning from an academic exchange when their bus veered off the road in the Sarthe department of France on June 13.
"Today, among those returning to Ukraine, many have been in captivity since 2022," President Volodymyr Zelensky said.
The Coordination Headquarters for Prisoners of War said the bodies, which Russian authorities claim belong to Ukrainian nationals, were returned as part of an ongoing phased exchange process.
"Both teams are working to ensure we meet," President Volodymyr Zelensky said.
Commander-in-Chief Oleksandr Syrskyi said he held a meeting focused on strengthening defenses against Russian strike drones, particularly Iranian-designed Shahed drones used by Russian forces to target Ukrainian cities.
"As part of efforts to reduce (Russia's) ability to produce explosives and ammunition, the Ukrainian Armed Forces' drone systems, in coordination with other Defense Forces units, struck critical facilities of Russia's military-industrial complex overnight," Ukraine's General Staff said in a statement.
According to Ukraine's Air Force, Russia launched 58 attack drones, primarily Shahed-type UAVs, and decoys from multiple directions.
"According to our intelligence, Russia has started to prepare strategic reserves, which indicates plans for combat operations not only in Ukraine," Ukraine's Foreign Minister Andrii Sybiha said
"Yes, that's right. That would be so and we have to deal with that," German Defense Minister Boris Pistorius told journalists in response to a question about a potential U.S. pullback.