S&P cuts Russia's foreign currency rating to 'selective default.'

U.S. President Donald Trump said that his special envoy, Steve Witkoff, may travel to Russia on Aug. 6 or 7 — just days before a deadline for Moscow to reach a peace deal with Ukraine or face secondary tariffs targeting its oil exports.

The Russian and Chinese navies are conducting joint military exercises in the Sea of Japan, the Kremlin said Aug. 3, just days after U.S. President Donald Trump ordered the deployment of nuclear submarines in a show of force toward Moscow.

Markus Soder, Prime Minister of the German state of Bavaria, has called for an end to citizen's allowance payments for Ukrainian refugees, proposing that new arrivals instead receive reduced benefits under the country's Asylum Seekers Benefits Act.

In an Aug. 3 Fox News interview, senior Trump aide Stephen Miller accused India of helping fund Russia's war in Ukraine by continuing to import oil from Moscow.

A drone strike resulted in a major fire early on Aug. 3 at an oil depot in Russia’s resort city of Sochi, setting ablaze a 2,000-cubic-meter fuel tank, local authorities said.

President Volodymyr Zelensky signed a decree on Aug. 3 imposing sanctions against 94 individuals and five legal entities, primarily targeting the captains of Russia's so-called "shadow fleet" vessels.

Work is ongoing between Ukraine and Russia as the warring parties prepare to each exchange 1,200 Prisoners of War (POWs), President Volodymyr Zelensky said on Aug. 3.

Key anti-corruption agencies restored after controversial vote, as well as Trump shortens deadline for Russia peace deal.

The unidentified civilians "armed with bats and metal pipes, damaged a vehicle and inflicted bodily injuries on a soldier" as the officer was attending to enlistment activities, officials allege. In response to the incident, a serviceman fired a non-lethal weapon at the civilians, allegedly in self-defense.

Ukrainian President Volodymyr Zelensky on Aug. 3 announced the appointment of Lieutenant General Anatoliy Kryvonozhko, who has been serving as the Air Force's acting head since the end of last August.

Russia has been attacking a key bridge in Kherson Oblast since late on Aug. 2, local officials reported.

A Russian missile strike hit the southern Ukrainian city of Mykolaiv overnight on Aug. 3, injuring seven and damaging homes and civilian infrastructure, according to Ukrainian officials.

Oleksii Kuznetsov, a member of parliament who belongs to Zelensky's Servant of the People party, allegedly accepted kickbacks for inflating military contracts. He has been dismissed from his parliamentary faction pending the outcome of the case.