Ukraine-Russia News
LAST UPDATE: July 3, 2025
Russian central bank says it will adjust 2025 GDP growth forecast
Deputy Governor Alexei Zabotkin announced that the Bank of Russia would revise its 2025 GDP forecast (currently 1–2%) at the July 25 board meeting, citing weaker-than-expected economic momentum.
Insight
The forecast revision signals a pragmatic central bank response to cooling growth. A downward adjustment could lead to monetary easing to support the economy.
Russian services sector contracts for first time in a year in June
Russia’s services PMI fell to 49.2 in June, signaling contraction—the first time in a year. Declining new orders and client demand offset gains in export services.
Insight
The decline highlights softening domestic demand and cost pressures, posing a risk to economic stability despite sustained export performance.
Pentagon Faces Questions Over Move to Halt Weapons for Ukraine
Lawmakers criticized the Pentagon’s pause on sending key air-defense missiles and artillery to Ukraine, despite intensified Russian attacks, as officials defended the move to preserve U.S. stockpiles.
Insight
The dispute reveals tension between supporting Ukraine and safeguarding U.S. defense readiness, raising concerns over alliance reliability.
Ukraine scrambling for clarity as US downplays halt to arms shipments
The State Department clarified that the temporary pause on certain arms shipments to Ukraine is part of a broader review, not a full cessation. Kyiv expressed concern and seeks clarity.
Insight
Communication breakdown between Washington and Kyiv highlights coordination issues that could impact Ukraine’s defense planning amid active conflict.
