Former Russian President Medvedev calls for preemptive strikes while Trump gives Putin a 50-day ultimatum to reach peace with Ukraine or face sanctions.

President Trump’s plan to impose a 100 percent tariff on Russian goods could raise the cost of urea, a key fertilizer in corn and other row crops.

The E.U. approved plans to lower a price cap on Russian oil and ban transactions with 22 more Russian banks, pressing ahead with sanctions without the U.S.

U.S. President Donald Trump's decision to ramp up arms shipments to Ukraine is a signal to Kyiv to abandon peace efforts, Russia said on Thursday, vowing it would not accept the "blackmail" of Washington's new sanctions ultimatum.

Russia now controls more than two-thirds of Ukraine’s Donetsk region — the main theater of the ground war. Russian forces have carved out a 10-mile-deep pocket around the Ukrainian troops defending the crucial city of Kostiantynivka, partly surrounding them from the east, south and west.

The USD/RUB exchange rate reacted to the US and Russian consumer inflation data released this week. A report by the US Bureau of Labor Statistics (BLS) showed that the headline inflation rose from 2.3% in May to 2.7% in June.

"Strengthening air defense capabilities is clearly an urgent priority for Iran at the moment," expert Hongda Fan told Newsweek.

The paper notes that as Putin rejects U.S. President Donald Trump’s peace proposals, and Russian strikes on Ukrainian cities continue to kill civilians, hopes for a ceasefire deal or a reset in Moscow’s relations with the West are rapidly fading.