The European Bank for Reconstruction and Development will not provide any new financing for projects or technical cooperation activities in either country. “Furthermore, the Bank avails itself of all rights to suspend or cancel further funding disbursements on existing projects,” the EBRD said.
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Ukraine war latest: Drones attack Russia's Black Sea Fleet; Russian pipelines explode in country's Far East, HUR says

Pipelines supplying Russian military explode in Russia's Far East, HUR source says

Deputy commander of Russian Navy killed in Ukrainian strike in Kursk, Russian official confirms

Ukrainian drone strike on Russian airfield hits bomb depot, aircraft

Drones reportedly attack Russia's Black Sea fleet
Ukraine's Air Force reported on July 17 that Russia launched 64 drones overnight, mostly Shahed-type drones. Air defenses shot down 36 of them.
"I cannot confirm that anything is currently on the way. That is not known to me," a spokesperson for the German Defense Ministry said, according to Swiss public broadcaster SRF.
The number includes 1,190 casualties that Russian forces suffered over the past day.
Russian media and officials reported approaching Ukrainian drones across multiple regions overnight on July 17, as Ukraine's military launched a wider drone attack on the western regions of Russia, including Moscow.
EU anti-crime agencies Europol and Eurojust announced on July 16 they had led the dismantling of a pro-Russian cybercrime network responsible for cyberattacks on critical infrastructure in Europe.
Russian first-person-view (FPV) drones initially struck a cargo truck, causing a fire and injuring two civilians. Soon after, as emergency workers were working on site, another Russian drone targeted the scene, injuring three emergency workers, the State Emergency Service said.
U.S. President Donald Trump’s proposed weapons deal for Ukraine caught NATO allies off guard, with European diplomats saying they weren’t consulted ahead of the announcement, Reuters reported on July 16.
Russian forces dropped a 500-kilogram (1,100-pound) aerial bomb on a shopping center in Donetsk Oblast, killing at least two people and injuring 27 others, regional officials reported July 16.
Moscow needs to urgently raise more money as shrinking oil and gas revenues and a worsening economic outlook continue to strain the federal budget, a senior Russian lawmaker warned on July 16.
"Today, I have already signed documents to the Verkhovna Rada of Ukraine regarding Denys Shmyhal as the new defense minister," President Volodymyr Zelensky said.
German-Ukrainian defense technology company Quantum Systems has acquired a 10% stake in Frontline, a Ukrainian defense robotics firm, Quantum Systems announced in a press release on July 16.
The proposed package doubles the current Ukraine Facility budget of 50 billion euros, which was approved in February 2024 and runs through 2027.
In a statement, the local affiliate — known as White Phoenix — praised its "comrades" for the July 10 killing of the colonel. Sources in the counter-terrorism field consider the group's claim credible, the Guardian reported.