Secret factory A camera crew from Associated Press was granted access to the Fire Point factory at an undisclosed location inside Ukraine to witness the production of Ukraine’s new Flamingo cruise missile.
Flamingo is part of Ukraine's broader push to develop independent strike capabilities, as it has been sorely lacking in missiles that can strike targets deep in Russia’s hinterland.
Russia’s fossil fuel export revenues fell 3% month-on-month in July to €585mn a day, as weaker crude oil and LNG sales offset a sharp rise in pipeline gas income, according to the July monthly update on Russia’s oil trade from CREA.
Europe, including the United Kingdom, has outstripped the United States in total military aid to Ukraine for the first time since mid-2022, with a growing share of support sourced directly from defence industry production rather stockpiles.
In July Rosstat declared it will withhold data on monthly retail, wholesale trade, income, and salary data from its June release. Analysts say the reason is those numbers paint an increasingly bleak picture.
Under President Donald Trump’s second term his administration has taken a much more hawkish stance that Indian purchases enable Russia to weather sanctions and indirectly fund its war effort
Since early 2024 India has typically bought 1.5–2.0 mbpd of Russian crude, or about 35–40% of its total imports. US President Donald Trump is threatening crushing 100% tariffs on Russia’s business partners if they continue to import crude.