A British man has died nearly three months after being taken prisoner by Russian-backed separatists in Ukraine’s east, Interfax reported, citing a consultant of the self-proclaimed Donetsk People’s Republic.
The European Union is falling behind on its guarantees to ship substantial assist to Ukraine because the bloc faces the prospect of extreme financial ache at residence. Still, member states are set to agree on 500 million euros extra in army assist to Ukraine when the bloc’s international ministers meet Monday.
Russian forces proceed to hit civilian targets removed from the entrance strains and with little obvious army significance. Missiles on Thursday struck the central Ukrainian metropolis of Vinnytsia. At least 23 individuals had been killed, together with kids.
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Key Developments
- EU Stalls on Ukraine Aid as Fears Spike of Gas Crisis at Home
- Germany’s Uniper Starts Using Winter Gas After Russian Cuts
- Yellen Slams Russians as War Hangs Over G-20 Finance Meeting
- Divided Over Russia, G-20 Aims at Food Security, Debt Crises
- Europe Becomes Top Market for US Crude as War Upends Trade
- Russia Aims to Control Oil Pricing by Creating Own Benchmark
On the Ground
Almost 5 months into the warfare, Moscow’s forces have repeatedly hit civilian targets up to now week. At least 23 individuals, together with a four-year-old lady, had been reported useless and dozens are injured or unaccounted for after three missiles hit Vinnytsia, about 250 kilometers (155 miles) southwest of Kyiv, Governor Serhiy Borzov mentioned. In the previous day hours there have been a minimum of 31 rocket strikes within the Mykolaiv area on civilian infrastructure, two universities, and residences, mentioned governor Vitaliy Kim. Strikes on the southern metropolis and elsewhere in Ukraine have intensified not too long ago.
(All occasions CET)
Moscow Aims to Control Oil Pricing With New Benchmark (1:16 p.m.)
Russia’s authorities has made a plan to create a nationwide oil benchmark subsequent yr, because it seeks to guard itself from efforts by the West to limit the movement of petrodollars to the nation.
Key ministries, home oil producers and the central financial institution plan to launch oil buying and selling on a nationwide platform in October, in response to a doc seen by Bloomberg News.
Donetsk Separatists Say British Prisoner Has Died: Interfax (12:40 p.m.)
A consultant of the Donetsk separatist republic mentioned Paul Urey, a British man in captivity, died on July 10, in response to Interfax. The reported reason for demise was persistent illness together with kind 1 diabetes.
Urey was detained together with one other British man, Dylan Healy, at a checkpoint in southern Ukraine in late April whereas he was working independently as an assist volunteer, in accordance the BBC. Two different British males, Shaun Pinner and Aiden Aslin, in addition to Moroccan Brahim Saadoun, had been sentenced to demise final month within the area, Tass reported, citing the Donetsk News Agency.
EU Set to Propose New Russia Sanctions, Fixes (12:30 p.m.)
The EU is about to suggest a brand new slate of penalties concentrating on Russia for its invasion of Ukraine, in addition to actions to tighten beforehand permitted sanctions packages.
The measures, which one of many individuals known as a “compliance and alignment package,” are anticipated to focus on Russian gold, introduce extra commerce restrictions on equipment, and add greater than 50 individuals and entities to the sanctions record.
The proposals will embrace clarifications and fixes to earlier measures which will have hindered the movement of agricultural and meals exports from Russia.
Germany’s Uniper Already Using Winter Gas After Russian Cuts (11:08 a.m.)
German vitality big Uniper SE has began utilizing fuel it was storing for the winter after Russia reduce deliveries to Europe, rising strain on Berlin to hurry up a bailout deal.
The nation’s prime purchaser of Russian fuel began withdrawing gasoline from storage websites to provide its clients, the corporate mentioned in a press release to Bloomberg on Friday.
EU Stalls on Ukraine Aid as Fears of Gas Crisis Spike at Home (6:01 a.m.)
The EU is falling behind on its high-profile guarantees to ship a considerable assist package deal to Ukraine on the similar time the bloc is confronting the prospect of extreme financial ache at residence.
It was practically two months in the past when European Commission President Ursula von der Leyen proposed sending 9 billion euros in emergency loans to Ukraine. So far, the bloc has solely managed to agree on an preliminary tranche that covers a ninth of that concentrate on.
For Ukraine, the wants are pressing. The war-torn nation faces a budgetary hole of $5 billion per thirty days to cowl bills and different pressing payments because it tries to fend off Russia’s assaults. Ukraine’s central financial institution stays the most important supply for financing the federal government’s finances and more and more is elevating alarms in regards to the limits of its skill to supply money by sovereign debt.
Europe Becomes Top Market for US Crude (6 a.m.)
Europe has surpassed Asia to change into the highest shopper of American oil for the primary time in six years.
This shift in oil flows underscores how considerably Russia’s invasion of Ukraine has redirected vitality provides. In an effort to chop off funding for Vladimir Putin’s warfare, the US and different nations have imposed sanctions on Russian oil. As a outcome, extra European nations have turned to the US, whereas Russia affords its crude at steep reductions to international locations like India and China, which haven’t imposed any bans.
Yellen Slams Russians at G-20 Meeting (3:25 a.m.)
US Treasury Secretary Janet Yellen known as Russia “solely responsible” for damaging financial spillover that’s pushed up world commodity costs, fueling inflation all over the world, a Treasury official mentioned. She additionally provided phrases of assurance to Ukraine and known as on the worldwide group to extend and speed up the supply of assist to the embattled nation.
Russia’s presence on the Group of 20 gathering of worldwide finance officers, 5 months after its invasion of Ukraine, is predicted to hamper the group’s skill to deal with urgent world matters, which additionally embrace mounting developing-country debt, a meals safety disaster, and local weather change.
UN Boss ‘Appalled’ by Civilian Toll in Vinnytsia (7:31 p.m.)
United Nations Secretary General Antonio Guterres “is appalled by today’s missile attack against the city of Vinnytsia in central Ukraine,” his spokesman mentioned in a press release. “The secretary-general condemns any attacks against civilians or civilian infrastructure and reiterates his call for accountability for such violations.”
EU Set to Boost Ukraine Weapons Financing Again (5:21 p.m.)
EU member states are set to agree on 500 million euros extra in army assist to Ukraine when the bloc’s international ministers meet Monday, mentioned individuals accustomed to the matter.
That would convey the entire arms financing to 2.5 billion euros. The bloc in latest months has agreed to a number of rounds of arms financing for Ukraine beneath the so-called European Peace Facility, which reimburses governments for army deliveries to Ukraine.
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