Vasily Astrov, expert on the Russian economy at the Vienna Institute for International Economic Studies, told Newsweek that "inflation has really subsided markedly over the past few months. The outcome of this policy has been a marked cooling of domestic demand, with the welcome side effect of rapid disinflation.

Ukraine's forces are holding back Russia's concerted summer push to break through defenses along parts of the front line, says Ukrainian President Volodymyr Zelenskyy.

Ukrainian President Volodymyr Zelensky has said that his country needs funds of more than $65 billion annually as it continues to battle against Russian forces. "Ukraine must tackle a deficit of $40 billion.