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Russian economy faces mounting challenges amid rising military spending and banking instability
In a stark address at Sberbank's annual shareholders meeting on June 30, German Gref, the head of Russia's largest bank, painted a bleak picture of the Russian economy's future. The country is grappling with a rapid surge in military spending, inflation spikes, and a significant hike in the central bank's key rate, hindering quick economic fixes. The forecast for 2026 doesn't offer much solace either, with expectations of continued challenges.
"The situation heavily hinges on geopolitics, GDP …
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Ukrainian drones strike Russian ammunition and weapons depot in Bryansk
In the early hours of Saturday, June 28, the Russian city of Bryansk was rocked by a series of explosions, reportedly from an attack by Ukrainian drones.
According to a source within Ukrainian intelligence, cited by the Ukrainian news agency Suspilne, the strike was conducted by attack drones of the Main Directorate of Intelligence on Ukraine's Constitution Day, aiming at the 120th arsenal of the Main Missile and Artillery Directorate of the Russian Ministry of Defense. The extent of the …
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Ukrainian drone strike targets Russian airfield in Crimea, destroying helicopters and air defense systems
Ukraine's Security Service (SBU) carried out a drone strike on Krymsk military airfield in Crimea, reportedly destroying three Russian helicopters — the Mi-28, Mi-8, and Mi-26 — along with the self-propelled anti-aircraft system "Pantsir-S1". This operation, which occurred under the cover of darkness on Saturday, June 28, also included the obliteration of a Pantsir-S1 air defense system, valued at approximately $15 million, reports the agency's press service.
The Ukrainian drones targeted …
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German fighter jets intercept Russian reconnaissance aircraft over Baltic Sea
On the morning of June 27, two German Air Force Eurofighter jets intercepted a Russian Il-20M reconnaissance aircraft (NATO reporting name: Coot-A) with registration RF-95979 over the Baltic Sea. According to a report by Bild, the Russian plane departed from Kaliningrad without transmitting a transponder signal, radio communication, or an electronic flight plan, flying westward toward Polish and German airspace.
The NATO radar systems detected the Il-20M at 09:02 AM (10:02 Moscow time).
At 09: …
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Suspected sabotage: German military trucks destined for Ukraine torched, raising tensions with Russia
In a possible act of sabotage benefiting Russia, German military trucks were reportedly set on fire over the weekend, according to pro-Russian Telegram channels. The trucks were allegedly about to be decommissioned and donated to the Ukrainian Armed Forces.
A video posted by the Telegram channel "Crazy about War", shows at least five torched vehicles. Some of these vehicles appear to belong to the German Armed Forces, recognizable by their military license plates and Bundeswehr crosses on …