Economy · July 2026

Russia and Iran on July 14 announced plans for a large-scale electricity exchange between the two countries, according to reports. The deal aims to boost energy cooperation as both nations face Western sanctions. No further details on capacity or timeline were provided. Users worldwide reported a Telegram outage on July 14, with short links ceasing to function, according to TengriNews (ongoing coverage). The US Senate was urged to pass a Russia sanctions bill in honor of Senator Lindsey Graham, who has championed the legislation, with reports noting Trump's support. Russian President Vladimir Putin commented on a key interest rate cut, the ruble's strengthening, and noted a decline in direct investment in Yakutia's economy. A Russian-American crew, including NASA's Anil Menon, launched for an eight-month mission to the International Space Station.