Monday, July 4. Russia’s War On Ukraine: News And Information From Ukraine

Business Monday, July 4. Russia’s War On Ukraine: News And Information From Ukraine Katya Soldak Forbes Staff Forbes Ukraine Forbes Staff Jul 4, 2022, 04:36pm EDT | Share to Facebook Share to Twitter Share to Linkedin A farmer reacts as he looks at his burning field caused by the fighting at the front line in the . .

. [+] Dnipropetrovsk region, Ukraine, Monday, July 4, 2022. (AP Photo/Efrem Lukatsky) ASSOCIATED PRESS Dispatches from Ukraine, provided by Forbes Ukraine’s editorial team.

As Russia’s invasion of Ukraine continues and the war rages on, reliable sources of information are critical. Forbes Ukraine’s reporters gather information and provide updates on the situation. Monday, July 4.

Day 131. Sumy. Sumy Oblast governor Dmytro Zhyvytskyy reports that a Russian strike on a psychiatric hospital in Sumy region has resulted in the destruction of the building, with at least three patients injured.

Kharkiv. Shelling and bombing of Kharkiv region continues. According to Kharkiv region governor Oleh Synyehubov, three civilians in the region were killed and six were injured today as a result of Russian attacks.

The Economist reports that Ukrainian forces are close to the city of Kherson—the capital of the Russian-occupied Kherson region —but yet lack the forces and weaponry to press on with an offensive. According to the report, the battle for the region will intensify in the coming weeks and promises to be bloody, as “neither side wants to give up. ” A representative of the Ukrainian General Staff has denied the report, saying it “does not represent reality”.

The Ukrainian government unveiled a $750 billion recovery plan at the Ukraine Recovery Conference, hosted in Lugano, Switzerland. According to Ukrainian Prime Minister Denys Shmyhal, the recovery plan has three phases: the first focused on fixing infrastructure that directly affects people’s daily lives, like water supply; a “fast recovery” component to be launched as soon as fighting ends, including temporary housing, hospital and school projects; and a third phase that aims to transform the country over the longer term. He added that the Ukrainian government envisions the plan’s main source of funding will be Russian assets confiscated in Western countries.

MORE FOR YOU Pfizer Tests Pill That Could Prevent Covid Infection Liz Cheney Needles Trump For Bashing Bush: ‘I Like Republican Presidents Who Win Re-Election’ Covid Pandemic Slashes Life Expectancy — Here’s Where It Fell The Most President of the European Commission, Ursula von der Leyen, has announced that the European Union will set up a reconstruction platform to coordinate the rebuilding of Ukraine following the neutralization of Russia’s invasion of the country. Speaking at the Ukraine Recovery Conference in the Swiss city of Lugano, von der Leyen described the platform as means of bringing together countries, institutions, the private sector and civil society. It will also include international organizations like the European Bank for Reconstruction and Development and the European Investment Bank.

In comments to the Japanese news agency Kyodo, Prime Minister of Japan Fumio Kishia elaborated on previously mentioned G7 plans to introduce price caps on Russian oil. According to him, the caps are meant to bring the value of Russian oil to as low as half of what it is now. Experts have remained skeptical of the G7 scheme, arguing it would be extremely difficult to bring major, non-Western consumers of Russian hydrocarbons—such as China and India—on board with the proposal.

Speaking at a briefing with Swedish Prime Minister Magdalena Andersson, Ukrainian President Volodymyr Zelenskyy stated that Ukraine is negotiating with Turkey and the UN on possible ways to expedite exports of Ukrainian grain in order to avoid a worldwide food crisis. Russian President Vladimir Putin did not congratulate U. S.

President Joe Biden on the United States’ Independence Day , breaking with a long-standing tradition. Kremlin spokesperson Dmitry Peskov told reporters the snub was a response to Washington’s “unfriendly” actions towards Moscow. Katya Soldak Forbes Ukraine Editorial Standards Print Reprints & Permissions.