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July 26, 2022Newsletter

Russia Update: July 26, 2022

Diplomacy

Sen. Rand Paul (R-KY) is preventing expedited passage of NATO accession for Finland and Sweden.

The White House said it has no indications of Iran sending or selling drones to Russia.

Sanctions

The UK sanctioned additional Russian officials.

Consequences

The IMF has upgraded Russia’s GDP outlook.

European ministers approved a draft European law to voluntarily lower gas demand by 15% from August through March.

Despite stories saying that Russia is opting out of the International Space Station in 2024, NASA said it has not received official word yet.

Ukraine Sitrep

German rocket systems and self-propelled howitzers arrived in Ukraine.

Ukraine’s energy giant Naftogaz defaulted on its foreign bonds.

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