Grants mask a widening $20bn hole in Ukraine’s wartime budget, KSE says
Grants from the European Union and other partners now cover more than a fifth of Ukraine’s budget revenue, masking a wartime financing gap that widened to $20bn in the first half of 2026.
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Russia's economy rebounds 1.3% in the second quarter but budget strains deepen
Russia's economy bounced back to 1.3% growth in the second quarter, beating official forecasts after a rare contraction at the start of the year.
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Ukraine targetting Russia’s Novorossiysk, the last functioning Black Sea port
Ukraine, a country with no navy, has driven Russia's Black Sea Fleet out of Crimea to Novorossiysk, and has now struck its warships in that last refuge, damaging four.
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Russia builds 3,000 jet-powered Geran-4 drones a month to outrun Ukraine's interceptors
Russia is rebuilding its drone war around the jet-powered Geran-4, a faster machine built to slip past the cheap interceptors now knocking down its slow Shaheds.
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Russia swings 93% of its rail trade to friendly states as it maps corridors to the Indian Ocean
Russia is stitching together a web of new railway corridors from the South Caucasus to the Indian Ocean, redirecting freight away from Europe towards Asia and the Global South.
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Belgium's diamonds win exemptions in Washington and Brussels
A gold ring set with 321 diamonds, handed to Donald Trump by Antwerp's diamond traders, has drawn accusations of a cartoonish bribe weeks after their gems slipped free of his tariffs.
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Skopje water scare exposes deeper concerns over Rašče spring’s safety
Skopje, the capital of North Macedonia, woke up on August 12 to an unusual rush for bottled water. Rumours had spread overnight that the capital’s tap water was contaminated.
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India courts Myanmar’s rare earths as China tightens grip
International Energy Agency data shows that Myanmar and China together account for about 83% of global mined supply of heavy magnet rare earth elements.
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