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

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.

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.

Three people were reported injured in Kharkiv, while one soldier was wounded in Zaporizhzhia.

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.

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

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.

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.

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.

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.

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."