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Finland Closes Airspace and Restricts Maritime Traffic Near Russia Due to Drone Risks

Finland Closes Airspace and Restricts Maritime Traffic Near Russia Due to Drone Risks

Finland has taken precautionary measures by closing a section of its airspace and restricting maritime traffic near its southern coast, close to the Russian border. This decision comes amid concerns over stray drones, which have been reported to enter the airspace of Finland and other neighboring countries such as Estonia, Latvia, and Lithuania. These incidents are linked to Ukraine's intensified drone strikes targeting Russian military assets. The Finnish military aims to ensure the safety of its operations and the public by implementing these restrictions. The military spokesperson noted that these measures are necessary to allow authorities to respond effectively if drones were to stray into Finnish territory. The source of the drone activity remains undisclosed due to operational security.
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Wildberries Seeks State Support and Warehouses in Kazakhstan Amid Drone Strikes

Wildberries Seeks State Support and Warehouses in Kazakhstan Amid Drone Strikes

Wildberries Seeks State Support and Warehouses in Kazakhstan Amid Drone Strikes
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Tyumen Oil Refinery Halts Production After Ukrainian Drone Strike, Affecting Russian Oil Output

Tyumen Oil Refinery Halts Production After Ukrainian Drone Strike, Affecting Russian Oil Output

An oil refinery in the Tyumen region of western Siberia has completely halted its crude oil processing and petroleum product output following a drone attack. The attack, confirmed by Tyumen region Governor Alexander Moor, targeted the refinery's secondary processing units, causing a fire. The facility, owned by RI-Invest, was already undergoing repairs from a previous fire in June. The refinery has a production capacity of 9 million metric tons per year, and in 2024, it processed 5.7 million metric tons of crude oil. The extent of the damage and the timeline for repairs remain uncertain.
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Senate Advances Lindsey Graham's Russia Sanctions Bill After His Funeral

Senate Advances Lindsey Graham's Russia Sanctions Bill After His Funeral

The U.S. Senate advanced the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, a bill championed by the late Senator Lindsey Graham, just hours after his funeral. The legislation, which targets Russian oil and gas exports and extends sanctions against Iran, passed a procedural vote with bipartisan support. The bill aims to pressure Russia to end its war in Ukraine and includes provisions for imposing tariffs on countries aiding Russia's energy sector. Graham had reached an agreement with the White House to move the bill forward shortly before his death.
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Refined Fuels Drive Oil Market Tightness Amid Global Supply Challenges

Refined Fuels Drive Oil Market Tightness Amid Global Supply Challenges

Refined Fuels Drive Oil Market Tightness Amid Global Supply Challenges
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Ukraine says it hits 2 major Russian oil refineries hours after Zelenskyy's meeting with Trump

Ukraine says it hits 2 major Russian oil refineries hours after Zelenskyy's meeting with Trump

Ukraine says its forces have hit two of Russia’s major oil refineries in their latest long-range strikes
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Russia charges Telegram founder Durov with aiding terrorism, he gives Moscow the finger

Russia charges Telegram founder Durov with aiding terrorism, he gives Moscow the finger

MOSCOW, July 29 (Reuters) - Russia said on Wednesday it had charged Telegram founder Pavel Durov with facilitating terrorist activity, alleging that his hugely popular messaging app was being used by Ukrainian spies to organise attacks inside Russia.
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Russia's Fuel Crisis Eases as Refineries Restart Amid Ongoing Tensions

Russia's Fuel Crisis Eases as Refineries Restart Amid Ongoing Tensions

Russia's fuel crisis is showing signs of easing as several refineries have resumed operations, according to Deputy Prime Minister Alexander Novak. The crisis, exacerbated by Ukraine's drone attacks on Russian refineries, had led to gasoline and diesel shortages. The situation remains tense in some regions, particularly Siberia, but the government is managing fuel supply issues at a federal level. The crisis was further intensified by Russia's ban on diesel exports to protect domestic supply, impacting the global diesel market.
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Russian Military Faces Fuel Crisis Amid Ukrainian Strikes on Refineries

Russian Military Faces Fuel Crisis Amid Ukrainian Strikes on Refineries

The Russian military is experiencing a severe fuel shortage due to Ukrainian drone strikes on key oil refineries. This shortage is impacting the availability and quality of fuel for Russian troops, particularly at the front lines. Soldiers report being rationed to only 20 liters of gasoline per vehicle per day, with fuel only being issued to vehicles with military license plates. This policy affects the majority of frontline vehicles, which are privately owned by soldiers or donated. The shortage is causing operational challenges, as both combat and logistics vehicles are affected. Additionally, the quality of the available fuel is poor, leading to mechanical failures. The situation is exacerbated by the fact that soldiers can no longer resell fuel for personal gain, as supplies are limited.
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Romania Shoots Down Third Suspected Russian Drone, Summons Moscow's Envoy

Romania Shoots Down Third Suspected Russian Drone, Summons Moscow's Envoy

Romania has intercepted a third suspected Russian drone in as many days, escalating tensions along its border with Ukraine. The Romanian defense ministry reported that an F-16 fighter jet destroyed the drone over the Black Sea. Romanian President Nicusor Dan condemned the incursions as violations of NATO and EU airspace. The incidents have prompted Romania to summon the Russian ambassador for discussions. NATO is monitoring the situation closely, as the drone incursions represent a significant security concern for the alliance.
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Wildberries Limits Visibility of Military Goods After Ukrainian Strikes on Warehouses

Wildberries Limits Visibility of Military Goods After Ukrainian Strikes on Warehouses

Wildberries, Russia's largest online retailer, has restricted the visibility of military-related goods in its search results following Ukrainian strikes on its warehouses. The company has removed items from search terms related to the Russian invasion of Ukraine, although such goods remain available under different categories. The strikes, which targeted logistics centers, have significantly impacted Wildberries, a major player in Russia's online retail market. The company's banking arm has also been sanctioned by the EU for its financial contributions to the Russian budget.
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Moscow Exchange Plunge Signals Deepening Russian Economic Crisis

Moscow Exchange Plunge Signals Deepening Russian Economic Crisis

The Moscow Exchange Index has experienced a significant decline, reflecting the broader economic challenges facing Russia. The index fell 5.7% on July 16, dropping below the 2,000-point mark for the first time since October 2022. This decline is attributed to several factors, including the Russian Central Bank's decision to cut its key interest rate by less than expected, concerns about accelerating inflation, rising government spending, and the impact of Ukrainian drone strikes on Russia's oil refining sector. The ongoing war in Ukraine and international sanctions have further strained Russia's economy, leading to a lack of investor confidence and capital flight.