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EU considering tougher Russian oil price cap as bloc aims to pass 18th sanctions package, Bloomberg reports
The proposed price cap would be set at 15% below the market rate based on a 10-week average, lowering the threshold to $50 down from the current cap of $60, people familiar with the matter said.
Ukraine secures $200 million from World Bank for reconstruction projects
The World Bank will provide $200 million over the next five years to prepare Ukrainian projects for large-scale reconstruction, the Economy Ministry announced on July 11. The funding will be available under the five-year PREPARE program with the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
'Aid shipments have been restored,' Zelensky says amid halt of US weapons deliveries
"We have received political signals at the highest level — good signals — including from the United States and from our European friends. According to all reports, aid shipments have been restored," President Volodymyr Zelensky said.
US Senate committee backs $500 million in Ukraine aid in 2026 defense budget
The U.S. Senate Armed Services Committee approved $500 million in aid for Ukraine as part of the 2026 National Defense Authorization Act (NDAA), Reuters reported on July 11.
Russian troops tasked to create 10-kilometer buffer zone in Dnipropetrovsk Oblast, Ukraine's spy chief says
According to Ukraine's military intelligence head Kyrylo Budanov, Russia’s earlier announcement of its entry into Dnipropetrovsk Oblast serves a political goal.
Europe will also benefit from US-Ukraine minerals investment fund, Americans say
The Ukraine-U.S. Reconstruction Investment Fund will provide opportunities not only for U.S. companies but also for other countries, representatives of the U.S. International Development Finance Corporation said during a workshop at the Ukraine Recovery Conference in Rome on July 11.
About Crimea
Russia invaded Ukraine's Crimean Peninsula in February 2014 amid the deadliest days of the EuroMaidan Revolution. Around 30,000 Russian troops crossed into Crimea, taking hold of the peninsula by early March 2014. Russia has continued to occupy Crimea ever since. Crimea covers an area of around 27,000 square kilometers (10,400 square miles), roughly the same size as the U.S. state of Massachusetts.
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China's state TV broadcaster has revealed details of a new "graphite bomb" that can cause a "complete loss of electricity" across an area of 10,000 square meters, or knock out entire power stations, the South China Morning Post reported on June 29. An animated video released by China's CCTV showed a missile being launched from a ground-based launcher and then flying to a target where it releases 90 small submunitions. They then bounce on the ground before exploding amid a mock-up of an electri
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