EBRD: Ukraine’s economy to shrink by a fifth this year.

Ukrainian drones struck a state-owned bearing plant in the Russian city of Penza overnight on July 1 as strikes were recorded in occupied Donetsk, social media channels reported.

Ukraine and Romania have opened a direct line of communication in an effort to prevent future drone incursions into the country, Romanian President Nicusor Dan told outlet News Ro on June 30.

Euroclear, a Belgium-based financial market infrastructure provider, has filed a lawsuit against the Bank of Russia in a Brussels commercial court, challenging a Moscow ruling that ordered it to pay 200 billion euros (approximately $230 billion) in damages, Belgian media reported.

The Russian government is set to suspend traffic through several railway checkpoints on its borders with Finland, Estonia, and Latvia starting July 1, according to a government order.

President Volodymyr Zelensky announced on June 30 that Ukraine and Sweden had signed an agreement for the purchase of 16 Swedish Gripen E fighter jets.

About 1.3 billion Danish kroner ($200 million) have been allocated to the so-called "Danish model," a mechanism under which a partner country provides direct funding to Ukrainian arms manufacturers.

Geolocated footage analyzed by OSINT analysts from the independent Russian outlet Astra showed the house had been partially destroyed. Local residents also reported hearing explosions and air defense activity over Yegoryevsk.

The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

Nilsson also said Sweden saw no signs that Russia's political system or Vladimir Putin's grip on power were under immediate threat, despite economic strains caused by the war and Western sanctions.

Even if the decision is adopted at the EU level, it will not prevent Budapest from accepting ethnic Hungarians fleeing Ukraine because of the war or mobilization, Hungarian Prime Minister Peter Magyar said.

The plan, backed by 300 billion pounds ($400 billion) in funding over four years, is part of a drive toward a more "European NATO" and will help the British forces deter the Russian threat, outgoing U.K. Prime Minister Keir Starmer said.