US Treasury: Russia’s war in Ukraine impacting energy, food prices globally

12:47 AM

Russia fails to meet OPEC+ oil production target in June, Bloomberg reports.

Historically, Russia, which co-leads the OPEC+ alliance with Saudi Arabia, has faced criticism for poor compliance with production quotas.

6:44 PM  (Updated:  July 8, 2025 12:20 am)

Russia strikes conscription offices in Kharkiv and Zaporizhzhia, injuring dozens, Ukraine says.

Two districts of Kharkiv came under attack that same day, in which one woman was killed and over 80 people, including eight children, were reported injured or suffered shock in Kharkiv, according to the local prosecutor's office.

10:32 PM

UK sanctions Russian officials and lab over chemical weapons use in Ukraine.

According to the updated sanctions list published on the U.K. government's official website, the new measures target Russia's Scientific Research Institute of Applied Chemistry, as well as Lieutenant General Alexei Rtishchev, head of Russia's Radiological, Chemical and Biological Defense Troops, and his deputy, Andrei Marchenko.

10:27 PM

War update

Ukraine war latest: Russian airports cancel nearly 300 flights amid drone attacks on Russia

8:59 PM

EBRD to unlock $1 billion in credit for Ukraine's key sectors, considers mineral projects.

The European Bank for Reconstruction and Development will enable Ukrainian banks to provide up to 900 million euros ($1.05 billion) in new loans by sharing credit risks.

8:23 PM

Russian weapons contain growing number of Chinese components, Zelensky's adviser says.

Russia’s growing ability to sustain weapons production despite Western sanctions is being driven by a flow of Chinese components and materials, Vladyslav Vlasiuk, the Ukrainian president’s commissioner for sanctions, told journalists on July 7.

7:45 PM

Minerals

Exclusive: Ukraine pitches deepwater gas, oil refinery projects to US under landmark minerals deal

7:43 PM

Opinion

War has changed: Ukraine’s tech pioneers are leading the fight West can’t afford to ignore

6:00 PM  (Updated:  July 7, 2025 7:29 pm)

Russian-Chinese relations

Russia striking NATO while China invades Taiwan 'plausible' scenario, experts say

6:54 PM

Interview

‘Neither side wasted time' — Ukraine's economy minister on minerals deal negotiations with Trump’s ‘business-oriented’ administration

5:49 PM

5 suspects charged over deadly explosion in Ukraine's Zhytomyr Oblast.

According to prosecutors, one of the company directors had established illegal production of explosive materials and involved unqualified personnel without the necessary training or certification.

12:17 PM  (Updated:  July 7, 2025 5:42 pm)

Ukraine confirms drone strike on Russian chemical plant near Moscow.

The Krasnozavodsk Chemical Plant is one of the city's biggest employers and an important part of Russia's defense-industrial complex.

5:23 PM

Russian airlines face $254 million losses from just 2 days of Ukrainian drone strikes, Kremlin media reports.

Since the start of mass disruptions on July 5, a total of 485 flights were canceled, 88 were diverted to alternate airports, and another 1,900 were delayed across major hubs, according to Russia's aviation agency Rosaviatsiya.

5:12 PM

EXCLUSIVE: Ukraine economy minister breaks down US minerals deal.

The Kyiv Independent's business editor Liliane Bivings sits down with Ukraine's Economy Minister Yulia Svyrydenko to discuss the U.S.-Ukraine "minerals deal" and address the myths surrounding it.

4:10 PM  (Updated:  July 7, 2025 4:45 pm)

Russian transport minister fired by Putin reportedly shoots himself dead.

According to Russian media, ex-Transport Minister Roman Starovoit's body was found near Moscow. Preliminary findings suggest that the suicide may be linked to a possible criminal case.

3:01 PM

Ukrainian drone strike hits major oil refinery in Russia's Krasnodar Krai, HUR source claims.

Located roughly 500 kilometers (311 miles) from Ukrainian-controlled territory, the refinery is among the largest in southern Russia, producing over 6 million tons of fuel annually.

2:38 PM

HUR publishes Russian military order, claims proof of Moscow increasing military footprint in Armenia.

HUR first made the claim on July 5, saying Russia was increasing its forces at the Gyumri base to exert greater influence in the South Caucasus and "destabilize the global security situation."

2:19 PM  (Updated:  July 7, 2025 1:43 pm)

KI Insights

Ukraine calendar: What will happen this week

1:12 PM  (Updated:  July 7, 2025 1:38 pm)

Zelensky, Trump discussed replacement of Ukraine's US ambassador, source says.

Oksana Markarova has held the post since April 2021, and played a central role in coordinating U.S. military and financial support during the early phases of Russia's full-scale invasion.

11:24 AM

12 killed, 69 injured in Russian attacks on Ukraine over past day.

Ukraine's Air Force said Russia launched 101 drones overnight, including Iranian-designed Shahed-type attack drones, as well as four S-300/400 guided missiles.

10:45 AM

After airport chaos, tanker blast, Putin fires Russian transport minister.

The dismissal comes amid a series of high-profile disruptions to Russia's aviation and shipping sectors.

10:36 AM

As Ukraine awaits stalled US weapons, Trump says he's 'helping a lot' in war with Russia.

"I am helping Ukraine. I'm helping it a lot," U.S. President Donald Trump said when asked in Washington why the U.S. does not support Ukraine as strongly as it supports Israel.

9:12 AM

Trump threatens 10% tariff on countries backing BRICS 'anti-American policy'.

"There will be no exceptions to this policy," U.S. President Donald Trump said.

8:13 AM

General Staff: Russia has lost 1,027,540 troops in Ukraine since Feb. 24, 2022.

The number includes 1,100 casualties that Russian forces suffered over the past day.

7:52 AM

Trump slams Musk’s third party plan as ‘ridiculous,’ calls Musk ‘train wreck’.

U.S. President Donald Trump commented on tech billionaire Elon Musk’s plan to create a new political party, calling it “ridiculous” and warning that third-party movements have historically failed in the United States.