EXPLAINER
Why have half a million Russians gone bankrupt amid Ukraine war?
European intelligence report warns of strain on Russia’s banks, but experts say a full-blown crisis is unlikely
![[ARDEN ARKMAN/AFP]](https://www.aljazeera.com/wp-content/uploads/2026/07/image-1783483048.jpg?resize=770%2C513&quality=80)
Advertisement
Content Feed
China and Russia to hold annual joint naval drills
Exercises from Monday to July 13 off Qingdao to be followed by joint maritime patrols in the Pacific Ocean.
Trump offers to help end Russia-Ukraine war in Putin call, Kremlin says
Kremlin aide Yury Ushakov says Trump made the offer during a nearly 90-minute phone call with the Russian president.
From: Inside Story
Will economic pressure move the Kremlin towards talks with Kyiv?
Relentless Ukrainian strikes on refineries have caused a fuel crisis in Russia.
Published On 4 Jul 2026
From: NewsFeed
Russia’s Medvedev says Strait of Hormuz is Iran’s ‘nuclear weapon’
Dmitry Medvedev says Iran’s ability to disrupt traffic in the Strait of Hormuz is equivalent to possession of a nuclear.
Published On 4 Jul 2026
Ukraine hits oil and military facilities near Russia’s St Petersburg
Kyiv’s drones disrupt St Petersburg internet and flights as Russian strikes halt a gas facility in central Ukraine.
From: NewsFeed
Russia claims it captured the strategic key Ukrainian city of Kostiantynivk
Russia claims it captured the strategic key Ukrainian city of Kostiantynivka
Published On 4 Jul 2026
Russia’s advance collapses in Ukraine, ‘40,000’ troops killed in June
Ukraine’s long-range strikes hit targets in Russia, where anxiety is rising.
EXPLAINER
What is Nayara, the Indian firm Russia is reportedly importing oil from?
Ukrainian forces have repeatedly targeted Russian oil facilities causing long queues for fuel across the country.
Russia’s triumphant tone shifts as Ukraine deploys ‘asymmetrical tactics’
Putin wobbles as Russia’s top brass stays mum on Kyiv’s long-range strikes, which analysts say look set to continue.
Five killed in Ukraine a day after deadliest Russian attacks this year
Separately, at least 10 people killed in Ukrainian attacks on Russia and Russian-controlled areas.
