Russia’s state-backed bank navigating sanctions, inflation and strategic risk
Central banks are maintaining cautious stances as inflation pressures persist. Officials have signalled that rate paths will be data-driven, with ongoing monitoring of energy prices and geopolitical risks. Market expectations hinge on inflation trends and the pace of growth.
The Times of Israel reports that the strengthening shekel is raising costs for Israeli tech firms and forcing some to cut costs, shift hiring abroad, and consider relocating R&D. Authorities are under pressure to support exporters and startups as the currency remains strong and inflation risks stay elevated.
Ukrainian drone strikes have targeted Wildberries’ warehouses in Russia, hitting facilities in Elektrostal and Tambov and prompting disruptions to delivery. Kyiv says the strikes aim to pressure Russia’s economy by hitting a major online retailer that stores and ships goods for thousands of merchants.
Since July 18 Ukraine has struck multiple Wildberries warehouses across Russia, causing fires, deaths and major stock losses. The campaign has put at least 1.5 million sq m of warehouse space out of operation, forced evacuations and pushed merchants toward bankruptcy. Wildberries and Russia are discussing compensation and possible state support.
Russia faces continued drone campaigns targeting oil refineries and logistics hubs. A government decree expands state involvement in damaged infrastructure to secure safety and speed repairs, while Kyiv presses for deeper strikes on Moscow's capabilities. The move signals a push to protect critical assets amid sustained pressure.