Sanctions Against Russia: News
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Wednesday, June 10
For Ukraine's mil-tech startups, access to credit remains a battlefield
When a bank asked Ukrainian defense tech company TAF Industries to pledge its assets as collateral for a simple bank loan, the company faced a dilemma: it couldn't reveal the location of its manufacturing facilities. To prove the factory existed, TAF came up with a bold workaround — blindfolding bank officials and driving them to the site. "It worked — they gave us a loan," Volodymyr Zinovskyi, CEO at TAF Industries, told the Kyiv Independent in a cafe in downtown Kyiv. Well into the fifth ye
Ukraine confirms Flamingo missile strike on Russian military plant, refinery in long-range attack
An oil refinery in the Russian city of Samara was struck by Ukrainian drones, and a manufacturing facility in Cheboksary was targeted by missiles overnight on June 10, social media channels reported.
Ukrainian parliament makes mixed progress on EU, IMF-mandated bills
The Verkhovna Rada failed to gather enough votes for some bills demanded by the EU and the IMF, and one bill necessary for European integration was passed but was lambasted by experts as "imitation" rather than genuine progress.
Ukraine has a billion-dollar winter survival plan. It just can't pay for it yet.
As Russian drones and missiles continue to pound Ukraine's war-damaged energy infrastructure, Kyiv is struggling to find funding for a 5.4 billion euro ($6.2 billion) "energy resilience plan" first announced in spring. The next few months are a race against time to prepare for what energy experts warn will be another difficult winter under constant Russian bombardment. Ukraine not only needs to repair equipment after Russia wiped out nine gigawatts of power generation last winter, but also deve
General Staff: Russia has lost 1,377,510 troops in Ukraine since Feb. 24, 2022
The number includes 1,190 casualties that Russian forces suffered over the past day.
Germany pledges 300 million euros to Czech ammunition initiative for Ukraine
"Germany will contribute an additional 300 million euros to this initiative – that's approximately 50,000 rounds of long-range ammunition," German Defense Minister Boris Pistorius said.
About Sanctions against Russia
Sanctions against Russia include over 15,000 individual and entity designations imposed by Western countries following the full-scale invasion launched in February 2022. Measures target Russia's central bank, energy sector, technology imports, financial institutions, and individuals supporting the war. The European Union, United States, United Kingdom, and allies continue to coordinate sanctions.
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Ukrainian drones continued their medium-range on western Russia, as well as Russian-occupied territories on June 7, damaging and destroying several military targets, Ukraine's Unmanned Systems Forces (USF) reported.
