Agreeing to Russia’s demand for a neutral Ukraine could leave the country at the mercy of Moscow
Kyiv examining plan to replace Russia gas supplies with fuel from Azerbaijan
Relations with Ukraine and Germany are burdened by the past in ways that feed into domestic political disputes
Kyiv’s allies must still put it in a stronger position for any settlement talks
Heavy government expenditure and labour shortages have led to a sharp rise in real wages and consumption but the economy risks overheating
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Russian attacks have reduced electricity to a few hours a day, forcing businesses to adapt to regular outages
Vladimir Putin has taken an increasingly belligerent stance on the Paris Olympics
Commission set to table measure to indefinitely immobilise Russia’s central bank assets
Governments can and should make export controls on Russia far more effective
Agreement with bondholders boosts Kyiv’s drive to use private capital to fund fight against Russia
Acquisition spree has driven up prices of older vessels as Moscow prepares for tighter trade restrictions
Heller Tools exported machinery to entities linked to a covert FSB smuggling network
Western officials believe the strategy is proving effective in undermining Moscow’s ability to export crude
This affecting tribute tells the story of Chris Parry, who was killed whilst evacuating civilians from the war zone
Hungarian PM tells EU leaders that Donald Trump would rapidly push to end the Ukraine War
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Hungarian prime minister tells EU leaders in private letter that Republican candidate would rapidly push to end the war
Allies anxious that an ‘America first’ administration would sever support for Ukraine
Arkady Volozh tells the FT he will launch artificial intelligence venture Nebius mostly staffed by former Yandex employees
Poor regions such as Chuvashia experience a boom as Soviet factories are fired up again for the military
Many European and US companies are hesitant about having a significant local manufacturing presence
Rheinmetall chief Armin Papperger says German government providing ‘great level of security’
Also in this newsletter: Milan’s airport officially renamed in honour of controversial ex-premier Berlusconi
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