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Donbass republic says Ukraine hit ammo depot

A Ukrainian missile breached Lugansk air defenses and destroyed an ammunition dump, an official has confirmed Powerful explosions heard overnight in the city of Lugansk in Donbass were caused by a successful Ukrainian attack on a military site near the city, the Lugansk People’s Republic (LPR) confirmed on Wednesday.

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US explains how Russian oil price cap would work

The price has to be high enough for Russia to keep producing, according to Janet Yellen The US is planning to limit the price paid for Russian oil but at a level that would still be profitable enough for production to be continued, Treasury Secretary Janet Yellen said in an interview with the Wall Street…

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US sees highest inflation in over 40 years

Inflation in the US has once again exceeded forecasts, jumping by 9.1% in June compared to the same period of last year, the Department of Labor said on Wednesday. “In June, the Consumer Price Index for All Urban Consumers rose…9.1 percent over the last 12 months, not seasonally adjusted.” reads a release by the US…

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