Russia seizes assets worth $50 BN in three-year ‘fortress’ push
Russia has confiscated 3.9 trillion roubles (about $50 billion) in company assets since 2022, signalling a decisive shift towards a 'fortress Russia' ...
A ballistic missile linked to North Korea killed at least eight in Kyiv, marking a concerning escalation in Russia's use of foreign weaponry, Ukrainian sources reveal.
A Ukrainian military source told Reuters on Thursday that a North Korean-made ballistic missile was used in a Russian aerial attack that killed at least eight people in Kyiv overnight. The missile, identified as a KN-23 (KN-23A), struck a residential building in the Sviatoshynskyi district, west of the capital’s centre.
The Ukrainian source stated that around 10 people remain unaccounted for, possibly trapped beneath rubble. Emergency services are continuing search and rescue operations at the scene.
Russia has not acknowledged the use of North Korean weaponry in the strike. The Kremlin has reiterated its claim that it targets only military or "military-adjacent" infrastructure. Both Russia and North Korea deny engaging in arms transfers that would breach United Nations embargoes.
Military ties between Moscow and Pyongyang have intensified since Russia’s international isolation following its invasion of Ukraine in February 2022. Ukrainian officials allege that North Korea has supplied Russia with artillery shells, rocket systems, ballistic missiles, and even troops.
Ukraine’s military intelligence agency estimates that Pyongyang has delivered 148 ballistic missiles—specifically KN-23 and KN-24 models—by early 2025. The KN-23 (KN-23A) missile, in particular, carries a warhead of up to one tonne, making it more powerful than Russia’s own Iskander systems.
While Ukraine has not officially confirmed the missile type in its public statements, the military acknowledged the use of seven ballistic missiles in the overnight strike, broadly categorising them as Iskander-M or KN-23 variants.
North Korea’s growing involvement in the Ukraine conflict has raised international alarm, including among South Korea and its regional allies, who fear potential future applications of wartime experience gained by Pyongyang.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Shipments of antimony to the United States have jumped to more than 3,800 tonnes in five months via Thailand and Mexico, customs data show, as buyers find back-door routes around Beijing’s export ban on critical minerals bound for the U.S.
From launching 25% duties on Mexican goods in February to unveiling a 50% levy on imported copper on Monday, U.S. President Donald Trump has fired off a rapid-fire series of tariff moves that has jolted financial markets and unsettled global supply chains.
Russian Foreign Minister Sergey Lavrov will visit North Korea from 11th to 13th July, - Foreign Ministry Spokeswoman Maria Zakharova announced during a press briefing today.
Russia has confiscated 3.9 trillion roubles (about $50 billion) in company assets since 2022, signalling a decisive shift towards a 'fortress Russia' economic model, the Kommersant business daily reported on Wednesday.
A major rescue operation was underway on Wednesday to locate missing crew members from the Eternity C, a cargo vessel that sank in the Red Sea following a series of attacks that left at least four crew members dead.
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