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Rosoboronexport's CEO Alexander Mikheyev announced on Africa Day that African countries account for 30% of the Russian state arms exporter's order portfolio, with contracts for technological cooperation projects exceeding $1.7 billion. He also reported that over $20 billion in contracts have been signed with African nations since 2023.
Russian Helicopters, a subsidiary of Rostec, has initiated flight trials of the import-substituted Ka-226T helicopter equipped with the domestic VK-650V engine. The maiden flight, which lasted 20 minutes, tested the aircraft's stability and steerability. Rostec officials expressed confidence in the helicopter's commercial prospects, highlighting its versatility and the technological independence achieved through import substitution.
The Bank of Russia has stated that Visa and Mastercard cards should leave the Russian market, citing their diminished functionality and the costs borne by the National Payment Card System. The share of these international cards has fallen to below 17%, with banks gradually shifting customers to the domestic Mir system.
Kalashnikov Group has started deliveries of its new Skat-220 UAV and showcased its Fortis vertical takeoff and landing drone systems at the International Security Forum near Moscow. The Skat-220 boasts speeds up to 160 km/h, while Fortis drones can carry FPV drones and support missions over extended ranges.
Brent crude oil futures for July 2026 delivery dropped below $97 per barrel on London's ICE exchange, the first time since May 11, 2026. According to TASS, prices later pared losses, while WTI crude also declined.
The Bank of Russia reported that non-cash payments accounted for 88.9% of retail turnover in Q1 2026, up 0.9 percentage points. A central bank official expects the share to exceed 90% by end of 2026 or early 2027, with no clear increase in cash demand observed.
Russian-appointed officials report intensified Ukrainian attacks on Energodar and the Zaporozhye Nuclear Power Plant, with casualties among plant staff and damage to civilian infrastructure. Claims include use of foreign-made drones and a 'silence regime' announced by the IAEA.
In a series of overnight attacks, Ukrainian drones targeted multiple Russian regions, leading to power outages, fires at fuel storage facilities, and at least one injury. Russian authorities reported intercepting over 300 drones, while infrastructure damage and traffic disruptions were also reported.
Russian Deputy Prime Minister Alexander Novak reported continued growth in the small and medium-sized enterprise sector, with the number of entities reaching 7 million and employment surpassing 19 million. He also announced a new lending program set to launch in July, alongside existing concessional investment loans for priority sectors.
Russian military officials from Battlegroup West have reported daily Ukrainian losses of heavy combat drones, UAV control centers, and other equipment. Reports vary in numbers across dates, with some details unverified by independent sources.
A Russian envoy claims Western indulgence toward Ukraine has encouraged attacks on civilian targets, following a strike on a college in Starobelsk that killed 21 and injured dozens. Russian media also reports on retaliation strikes, NPT conference stalemate, and a potential US-Iran memorandum.
Slovak President Peter Pellegrini and Prime Minister Robert Fico have called for renewed dialogue between the EU and Russia to prevent escalation following a drone crash in Romania. Fico also claimed to be the only EU leader maintaining direct contact with both Moscow and Kyiv, urging a diplomatic path to end the conflict in Ukraine.
Slovak Parliament Deputy Speaker Tibor Gaspar warns that Slovakia faces its worst economic times due to EU policies, citing rising energy costs, the Green Deal, and declining competitiveness. He also highlights Germany's auto industry troubles and the impact of militarization on the EU economy.
A Ukrainian strike on a college and dormitory in Starobilsk, a Russian-occupied town in eastern Ukraine's Luhansk region, has killed at least 18 people and wounded 42, according to Russian officials. President Vladimir Putin has accused Ukraine of a 'terrorist strike' and ordered the military to prepare a response. Ukraine denies targeting civilians, saying it hit a Russian drone unit in the area.
Ukrainian President Volodymyr Zelensky dismissed German Chancellor Friedrich Merz’s proposal for EU associate membership, calling it unfair and leaving Ukraine 'voiceless'. He urged full membership, citing the removal of Hungary’s Viktor Orban as an opportunity for progress.
The final document of the NPT Review Conference was not adopted, with Russia blaming the US and the US pointing to Iran. Both sides express commitment to the treaty's core principles, as reported by TASS.
Russian officials have accused Western media outlets and the EU of ignoring a deadly drone attack on a vocational college in Starobelsk, Lugansk People’s Republic, which Moscow attributes to Ukrainian forces. Russian authorities invited international journalists to the site, with over 50 reporters from 19 countries reportedly attending, while the BBC declined and CNN did not respond. Casualty figures vary across reports, and the EU has not issued a formal statement on the incident.
Russia's Defense Ministry says air defenses intercepted and destroyed dozens of Ukrainian drones over several regions and the Azov Sea over the weekend, with reports covering different time windows on May 17 and May 23.
A Ukrainian drone attack on a college dormitory in Starobelsk, in the Russia-controlled Luhansk region, killed at least 21 people, including many students, and injured dozens. Russia has warned of systematic retaliatory strikes on Kyiv's military-industrial sites, while the Kremlin and Iran have condemned the attack, and Poland has said it will not evacuate its diplomats from the Ukrainian capital.
Russian officials report the death toll from a drone attack on a college in Starobelsk has risen to 12, with dozens injured. Multiple TASS dispatches cite varying figures, and rescue operations are ongoing.