• Euroclear to channel €1.55 billion from blocked Russian assets to Ukraine

    Euroclear, the international securities depository, has announced it will contribute approximately €1.55 billion to the European fund for Ukraine from investments of blocked Russian assets by July this year.

    According to Euroclear's report released on Friday,July 19th, for the first half of 2024, Euroclear realised €3.4 billion in interest income from investing these frozen Russian assets, compared to roughly €4.4 billion in 2023 and €821 million in 2022.

    Euroclear's overall interest income …

  • Russia slashes gas prices for Iran after losing European market

    Russia is willing to supply natural gas to Iran at a 75% discount compared to European and Turkish prices.

    Facing a significant loss of its European gas market, Russia is desperately seeking buyers in alternative markets and is compelled to agree to what some see as humiliating terms for selling its gas. This situation affects even the so-called "friendly" routes for the Kremlin.

    An illustrative example is the reported readiness of Russia to supply gas to Iran at a 75% discount compared to …

  • German Chancellor Olaf Scholz rejects Zelensky's plea for NATO to intercept Russian missiles over Ukraine

    German Chancellor Olaf Scholz has dismissed Ukrainian President Volodymyr Zelensky's plea to Western allies to use their weaponry to shoot down Russian missiles and drones over Ukrainian territory, reports the German news agency dpa.

    At a press conference following the European Political Community summit in Woodstock, UK, where Volodymyr Zelensky was also present, Scholz once again rejected Zelensky's request to lift restrictions on using Western weapons for strikes on Russian territory.

    When …

  • Germany sentences businessman to nearly seven years for illegally supplying drone components to Russia

    The Stuttgart Higher Regional Court has sentenced a former businessman from the Saar region to six years and nine months in prison for illegally supplying drone components to Russia. [Materials supplied by the defendant have found military applications, the court noted on Wednesday, July 17.

    The businessman's wife, from the Baden-Wurttemberg region, was handed a 21-month suspended prison sentence for aiding her husband. The court's decision was in line with the Federal Prosecutor's requests. …

  • Poland initiates military and security operations along Belarus border amid ongoing migration crisis

    Poland's Defence Minister, Władysław Kosiniak-Kamysz, has announced that military operations will commence at the Belarusian border on August 1. According to the minister, these operations are aimed at safeguarding the country's borders. "There will be two operations — one for training and one for border security. The Safe Podlaskie mission will see the participation of up to 17,000 soldiers," he stated at a press conference with the Head of Poland's Ministry of Internal Affairs, Tomasz …