Ukraine-Russia News
LAST UPDATE: July 10, 2025
Ukraine’s consumer prices grow by 14.3% in June, statistics service says
Ukraine’s consumer price index increased 14.3% year-on-year in June, with food prices as the main driver and a monthly rise of 0.8%.
Insight
The persistent inflationary pressure complicates monetary policy, as authorities must support economic recovery while taming inflation driven by volatile food prices.
Russia seizes $50 billion in assets as economy shifts during war in Ukraine, research shows
Over three years, Russia has confiscated around $50 billion in assets—including foreign-owned firms like Uniper and Carlsberg and domestic enterprises—marking a move toward a more state-controlled economy. (Reuters)
Insight
This trend signals a broader pivot toward a “fortress economy,” where nationalization underpins wartime resilience but undermines private sector autonomy and investor confidence.
Trump says he will consider sending Patriot missiles to Ukraine
President Trump stated he would consider sending Patriot missile systems to Ukraine to strengthen its air defense—adding to earlier commitments of defensive weapons.
Insight
This statement marks a strategic shift in U.S. military posture, as Patriots could significantly enhance Ukraine’s defense against missile and drone attacks, signaling stronger support under Trump.
Ukraine’s Zelenskiy to meet US envoy Kellogg in Rome
On July 9, 2025, President Zelenskiy held a “substantive” meeting with U.S. envoy Keith Kellogg in Rome, discussing weapons, air defense, sanctions, and the upcoming recovery conference.
Insight
The meeting demonstrates strong diplomatic coordination on defense and sanctions ahead of the Ukraine recovery conference, reinforcing U.S.–Ukraine alignment.
Italy pledges $350 million for firms involved in Ukraine’s reconstruction
Italy announced a €300 million ($351 million) support package for SMEs participating in Ukraine’s reconstruction efforts, presented at the Rome recovery conference.
Insight
The commitment reflects Italy’s strategic investment in post-war reconstruction, indicating confidence in Ukraine’s economic future and potentially inspiring broader EU participation.
Germany’s Merz: will offer Ukraine air defence at Rome recovery conference
At the Rome recovery conference, Chancellor Merz announced Germany’s readiness to purchase and supply Patriot air defense systems to Ukraine.
Insight
Germany’s pledge signifies deeper EU military support and underlines that reconstruction cannot proceed without robust security capacity to protect critical infrastructure.
Pope Leo meets Zelenskiy, offers to host Ukraine peace talks
On July 9, 2025, Pope Leo (XIV) met Zelenskiy at Castel Gandolfo and reiterated the Vatican’s willingness to host peace negotiations between Ukraine and Russia.
Insight
The Pope’s initiative adds diplomatic and moral legitimacy to peace efforts. A Vatican-hosted dialogue could provide a neutral platform, though Russian acceptance remains uncertain.
Ukraine says Russia launched largest drone, missile attack of war
Ukraine reported Russia’s largest ever coordinated drone and missile strike since the war began, targeting infrastructure across multiple regions.
Insight
The scale of this attack highlights the critical need for enhanced air defense capacity in Ukraine and underpins growing international urgency to supply defensive systems.
