Financial news + insight
GENERAL
The debt load of Russia’s largest technology companies jumped 53% in 2025 to 2 trillion rubles ($27.1 billion), according to a Bank of Russia financial stability review cited by Frank Media on June 1.
Rising energy prices could put up to 560,000 jobs at risk across the European Union in 2026, according to a European Commission document being prepared for EU member governments, Politico reported on June 3.
A Russian drone attacked a car carrying Channel 5 war correspondent Olga Kalynovska, the journalist said on Facebook.
Russian forces struck Kostiantynivka in Ukraine’s Donetsk Oblast with banned phosphorus munitions, the Khyzhak Brigade of Ukraine’s patrol police department reported on June 3, adding that its aerial reconnaissance operators recorded the war crime on video.
Two-time Olympic champion Olga Kharlan reacted to the International Fencing Federation’s decision to allow Russian and Belarusian athletes to compete internationally under their national flags, with anthems and symbols. The Ukrainian fencer shared her position on Instagram on June 3.
Hungarian Prime Minister Péter Magyar said his country could serve as a venue for negotiations to end Russia’s war against Ukraine and could provide Kyiv with diplomatic support. Magyar made the remarks in an interview with Frankfurter Allgemeine Zeitung on June 3.
Athens has lodged a formal diplomatic protest with Kyiv over an unmanned naval drone found off Greece’s coast on May 7, Greek Foreign Ministry spokesperson Lana Zochiou said at a briefing, Kathimerini reported on June 3.
Iran has agreed not to develop nuclear weapons and Supreme Leader Mojtaba Khamenei is personally involved in negotiations with the United States, President Donald Trump said in an interview with the Pod Force One podcast on June 3, The Guardian reported.
Norway is ready to support Ukraine’s air defenses, Ukrainian President Volodymyr Zelenskyy said after speaking with Norwegian Prime Minister Jonas Gahr Støre on June 3.
Hungarian Prime Minister Péter Magyar believes Europe will eventually resume buying Russian energy and lift sanctions on Russia after Moscow’s war against Ukraine ends, he said in an interview with Frankfurter Allgemeine Zeitung on June 3.
Ukraine is likely now using French Mirage 2000-5F fighter jets not only to shoot down Russian Shahed drones and cruise missiles, but also to strike enemy ground targets, The War Zone has suggested.
A “window for dialogue” between Europe and Russia over the war in Ukraine is “slowly opening,” a German government official said on June 3, Reuters reported.
