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On July 26, local time, Russian news agency RIA Novosti, TASS and other Russian media reported that the Russian Federal Security Service said that former Russian Deputy Defense Minister Dmitry Bulgakov was arrested. It is worth noting that in recent months, there has been a major reshuffle in the top ranks of the Russian Ministry of Defense.

The current situation between Russia and Ukraine is still at a stalemate. The Ukrainian military announced on the 26th that the Russian military's Saki airport in the western part of the Crimean Peninsula was attacked by the Ukrainian army, and the Ukrainian General Staff is evaluating the effect of the attack. Saki Airport is one of the combat airports used by the Russian army to control the airspace around the Black Sea, and is also used by the Russian army to launch long-range strikes on Ukrainian territory.

At a critical moment, the EU took a historic and dangerous step. On July 26, local time, the EU officially announced that it had transferred the proceeds from freezing Russian assets to Ukraine, with the first batch of funds being 1.5 billion euros (about 12 billion yuan) to help Ukraine buy weapons. In response, Russia warned the EU that its attempt to "illegally rob" Russia would cause great damage to the international financial system and would inevitably retaliate against the EU's illegal actions.

Bulgakov was arrested

On July 26, local time, RIA Novosti, TASS and other Russian media reported that the Russian Federal Security Service said that former Russian Deputy Defense Minister Dmitry Bulgakov was arrested.

RIA Novosti reported that Bulgakov is under investigation for corruption.

According to previous reports by RIA Novosti, Russian Business Consulting Daily and other media, Bulgakov was in charge of the logistics of the Russian army. The Russian Ministry of Defense announced in September 2022 that Bulgakov was removed from his post as Deputy Minister of Defense due to his transfer to other positions.

According to a previous report by the British Broadcasting Corporation (BBC), before being removed from his post, Bulgakov was responsible for the logistics support of the Russian army, including issues such as arms supply.

It is worth noting that in recent months, there has been a major reshuffle in the top leadership of the Russian Ministry of Defense.

According to CCTV News, on April 23rd local time, the Russian Investigative Committee reported that Russian Deputy Defense Minister Timur Ivanov was arrested on suspicion of accepting bribes.

The Russian presidential website announced on May 12 local time that Russian President Vladimir Putin signed a presidential decree to appoint former Defense Minister Sergei Shoigu as Secretary of the Russian Federation Security Council. Putin also signed a presidential decree on the same day to remove Nikolai Patrushev from the position of Secretary of the Security Council and appoint him to another position.

According to a report by Reference News on May 14, citing TASS, a source from Russian law enforcement agencies told TASS that Yuri Kuznetsov, director of the Main Directorate of Personnel of the Russian Ministry of Defense, has been arrested.

The source said: "Kuznetsov has been arrested on suspicion of criminal offenses. The Russian Federation Investigative Committee's Main Military Investigation Department is responsible for investigating the case."

According to CCTV News, on June 17 local time, Russian President Vladimir Putin signed an order to remove Pavel Popov from his post as Deputy Defense Minister and retire him from active service. In addition, Putin also removed Nikolay Pankov, Ruslan Tsalikov and Tatyana Shevtsova from their posts as Deputy Defense Ministers.

Leonid Gornin was appointed as the first deputy defense minister, while Anna Tsvelyeva, Pavel Fradkov and Oleg Saveliev were appointed as deputy defense ministers.

In addition to Russian Defense Ministry officials, on May 23 local time, Shamalin, director of the Communications Directorate of the Russian Armed Forces General Staff, was also arrested on suspicion of accepting huge bribes.

Vadim Shamarin was born in 1971. He has served as Deputy Chief of the General Staff of the Russian Army and Director of the Main Communications Directorate of the General Staff since 2021. He previously served as Deputy Chief of Staff of the Russian Eastern Military District's General Staff in charge of communications.

"Ukrainian troops attacked Russian airport"

According to a report by Reference News on July 26, citing Reuters, the Ukrainian military announced on the 26th that Ukrainian missile forces launched an attack on a Russian military airport on the Crimean Peninsula.

It is reported that the Ukrainian General Staff said in a statement that the Russian Saki Airport in the western part of the Crimean Peninsula was attacked by the Ukrainian army, and the Ukrainian General Staff is evaluating the effectiveness of the attack.

The Ukrainian General Staff said that Saki Airport is one of the combat airports used by the Russian army to control the airspace around the Black Sea and is also used by the Russian army to launch long-range strikes on Ukrainian territory.

The report said that the statement of the Ukrainian General Staff did not specify what weapons the Ukrainian missile forces used to carry out the attack.

The report also said that the Russian Ministry of Defense and local officials appointed by Russia have not yet commented on this.

The current battle situation on the Russian-Ukrainian front is still extremely fierce. The Russian Ministry of Defense reported on the 26th that from July 20 to 26, the Russian army launched 33 rounds of large-scale strikes on temporary deployment points of Ukrainian troops and foreign mercenaries, military trains, armored vehicle production and repair facilities, Ukrainian weapons and equipment warehouses, fuel warehouses, etc. using long-range precision-guided weapons and attack drones.

On the same day, the General Staff of the Ukrainian Armed Forces issued a war report stating that 78 battles took place in the frontline area that day. The Russian offensive operations were mainly concentrated in the direction of Kurashiv and Pokrovsk. The most battles took place in the direction of Pokrovsk, where the Russian army launched 23 offensives. As of 16:00 that day, more than half of the battles were still ongoing.

The EU announced

On July 26, local time, the European Union officially announced that it had transferred the proceeds from freezing Russian assets to Ukraine. The first batch of funds was 1.5 billion euros (about 12 billion yuan) to help Ukraine purchase weapons.

The EU said in a statement on its official website that the proceeds from the frozen funds "are not Russian sovereign assets and, under applicable rules, do not have to be provided to the Central Bank of Russia, even after the freeze is terminated."

On the same day, European Commission President Ursula von der Leyen posted on social media that the EU would transfer 1.5 billion euros from Russia's frozen assets to Ukraine's defense and reconstruction.

Von der Leyen claimed that the best symbol or use of the Kremlin's money would be to make Ukraine and Europe as a whole safer places to live.

Ukraine expressed its gratitude for the ($1.6 billion) EU aid, with Ukrainian Prime Minister Denis Shmyhal saying: “Thank you to von der Leyen and the EU for their strong support and significant contribution to Ukraine’s defense and reconstruction. Together, we are turning adversity into strength and building a safer and more resilient Europe.”

The Russian government then warned the EU not to use the "stolen" funds to arm Ukraine and threatened to retaliate.

Russian presidential press secretary Peskov responded that attempts to "illegally rob" Russia would cause great damage to the international financial system, and that retaliation for the EU's illegal actions would be inevitable. "This is not a reason to react quickly, of course, it is a reason to take deliberate actions against such illegal decisions being implemented by the EU. These actions are necessary, but they must be well thought out, and they should be entirely in line with Russia's interests."

Meanwhile, EU member states are also discussing extending sanctions on Russian central bank assets in order to obtain sustainable aid funds for Ukraine, according to a draft EU document and statements from diplomats.

It is reported that of the $300 billion in frozen Russian overseas assets, only $5 billion to $6 billion are in the United States, while about 210 billion euros (about $224 billion) are in the European Union. The vast majority of the funds are held through the European Clearing Bank, about 190 billion euros.

In fact, the 1.5 billion euros will be allocated by the European Clearing Bank and then distributed through the European Peace Fund and the Ukraine Fund to support Ukraine's military capabilities and the country's reconstruction.

Source: China Securities

Statement: All information content of Databao does not constitute investment advice. The stock market is risky and investment should be cautious.

Editor: Xie Yilan

Proofreading: Ran Yanqing

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