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Bloomberg: EU considers Russian gold ban in next sanctions package.

by The Kyiv Independent news desk July 1, 2022 4:12 PM 1 min read
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The European Union may target Russian gold in a new sanctions package, Bloomberg reported, citing anonymous sources familiar with the matter. U.S. President Joe Biden earlier announced that the G7 countries would ban imports of Russian gold, which is "a major export that rakes in tens of billions of dollars for Russia." Gold is a crucial asset for Russia's central bank, which has restricted access to some of its assets abroad because of the Western sanctions.

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7:15 PM

Ukraine's artillery braces for shell shortage as US halts aid.

The Kyiv Independent's Francis Farrell and Olena Zashko spent a day with an artillery crew from the 28th Mechanized Brigade in the front-line city of Kostiantynivka. Following the recent decision by the Pentagon to halt shipments of certain weapons to Ukraine, a looming shell shortage is once again on the horizon for Ukrainian forces.
9:17 AM  (Updated: )

'There is also good news' — Ukrainian drones hit key military optics plant in Russia, General Staff confirms.

Andrii Kovalenko, head of Ukraine's counter-disinformation center, said a drone hit the Azov Optical and Mechanical Plant in the town of Azov, Rostov Oblast. The facility reportedly manufactures critical components for the Russian military, including sights, rangefinders, thermal imaging systems, and fire control equipment for tanks, infantry fighting vehicles, ships, and aircraft.
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