President Trump’s plan to impose a 100 percent tariff on Russian goods could raise the cost of urea, a key fertilizer in corn and other row crops.

Former Russian President Medvedev calls for preemptive strikes while Trump gives Putin a 50-day ultimatum to reach peace with Ukraine or face sanctions.

Russia and China's foreign ministers on Sunday discussed their relations with the United States and the prospects for ending the war in Ukraine, Russia's foreign ministry said in a statement. President Vladimir Putin's foreign minister,

"Strengthening air defense capabilities is clearly an urgent priority for Iran at the moment," expert Hongda Fan told Newsweek.

The USD/RUB exchange rate reacted to the US and Russian consumer inflation data released this week. A report by the US Bureau of Labor Statistics (BLS) showed that the headline inflation rose from 2.3% in May to 2.7% in June.

U.S. President Donald Trump's decision to ramp up arms shipments to Ukraine is a signal to Kyiv to abandon peace efforts, Russia said on Thursday, vowing it would not accept the "blackmail" of Washington's new sanctions ultimatum.

As Russia delays peace negotiations with Ukraine, U.S. elected officials in Congress are considering a new sanctions bill to force Russia to end its war.

The paper notes that as Putin rejects U.S. President Donald Trump’s peace proposals, and Russian strikes on Ukrainian cities continue to kill civilians, hopes for a ceasefire deal or a reset in Moscow’s relations with the West are rapidly fading.