Free Republic

Russian President Vladimir Putin will hold a cabinet meeting on Monday with senior officials, amid concerns about Ukraine's High Mobility Artillery Rocket Systems (HIMARS) from the United States that Western officials claim hamper Moscow's war efforts. The rocket systems first arrived in Ukraine in June from the U.S and have been seen as crucial to helping Kyiv's forces repel the Russian military. The Russian state-backed TASS news agency reported on Monday that Putin will hold the cabinet meeting via videoconference on Monday, with the main topics being the development of air transport and aircraft manufacturing. Deputy Prime Minister and Trade...

Grace period for $100mn in interest payments ends on Sunday evening. Russia could default on its foreign debt for the first time this century as the clock ticks down on a pair of overdue interest payments blocked by western sanctions. About $100mn worth of interest on Russian government debt is due to bondholders by Sunday night, the end of a 30-day grace period during which the country must make the payments to avoid defaulting. Russia said it had sent the funds to investors, but financial sanctions imposed on the country following its invasion of Ukraine have hampered Moscow’s ability to...