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Russian Forces Claim Full Control of Key Luhansk City

RUSSIA
  • Weekend press focuses on the pull out of Ukrainian troops from Lysychansk, after which the Russian military declared full control of the city – a key hurdle to gaining the entirety of the Donbas region. The move allows the Russian military to re-focus resources on taking Donetsk.
  • All COVID border restrictions into Russia have been formally lifted, with the policy change effective from July 15th onwards.
  • New Zealand have formally joined the wave of countries banning the import of Russian gold, echoing the policy move enacted by the G7 last week.
  • Vedomosti reports that the finance ministry are to drop the funding for RUB 1.6trl worth of state programs across 2023-2025. Meanwhile on the domestic bond market, Kommersant report a sharp increase in the number of corporate placements – rising to 47 issues totalling RUB 116bln.

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