Cm Fadnavis claims: ‘India has the capacity to repay 94% of its foreign debt in one day’, dismisses recession fears – India Can Repay 94% Of Its Foreign Debt In One Day, Says Cm Devendra Fadnavis

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Maharashtra Chief Minister Devendra Fadnavis has made a big claim about the economic condition of the country, saying that today if needed, India can pay 94 percent of its foreign debt in just one day. He gave this statement in a press conference organized on the occasion of completion of 12 years of Prime Minister Narendra Modi’s tenure.



‘At one time there was concern about repaying foreign debt’
Fadnavis said that there was a time when serious concerns were raised about India’s economic condition. At that time it was said that if the International Monetary Fund (IMF) and the World Bank did not come forward to help, India might face difficulty in repaying the foreign debt. He said that today the situation has completely changed and India’s economic potential is much stronger than before.

Foreign exchange reserves become strength
The Chief Minister said that India currently has foreign exchange reserves of about Rs 66 lakh crore. This stock is so large that the country can easily bear the import expenses for about 11 months. Fadnavis said that earlier there was a time when India did not have enough foreign exchange for one month’s imports, but now the country’s position has become much stronger.

India among the fastest growing economies of the world
Rejecting the fears of economic recession, Fadnavis said that for many years there were talks of recession in India, but the country is continuously showing strong economic performance. He said India’s growth rate remains the highest in the world and the country is the fastest growing among major economies. According to recent data, India’s GDP growth rate in the January-March quarter stood at 7.8 percent, while the growth rate for the financial year 2025-26 has been recorded at 7.7 percent.

India becomes a 4.5 trillion dollar economy
Fadnavis said that India has now become the fourth largest economy in the world and the country’s economy has crossed the $4.5 trillion mark. He expressed confidence that India will soon move towards becoming a 5 trillion dollar economy. Referring to the digital economy, the Chief Minister said that India is today a global leader in the field of digital payments. The annual digital transaction figure in the country has reached Rs 314 lakh crore. He said that Unified Payments Interface (UPI) is being adopted in about 30 countries, which is a proof of India’s technical and financial capability.

sign of economic strength
According to Fadnavis, strong foreign exchange reserves, fast economic growth rate, growing digital payment network and increasing economic share at the global level indicate that India’s economy is continuously strengthening. He said that there may be talk of recession in the world, but India has maintained the pace of development amidst every challenge and the country’s economic performance is expected to yield positive results in the coming years.

Google Sues Chinese Smishing Network Accused of Using Gemini AI in Phishing

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Ravie LakshmananJun 12, 2026Cybercrime / Artificial Intelligence

Google on Friday said it’s pursuing legal action against a Chinese cybercrime network, accusing it of using its Gemini artificial intelligence (AI) agent to send phishing text messages targeting Americans.

The network is said to be behind the development and management of a phishing-as-a-service (PhaaS) software kit called Outsider, per the tech giant.

“The operation weaponized Gemini to help generate fraudulent phishing pages and deploy massive SMS phishing (‘smishing’) attacks, often through text messages impersonating legitimate brands, alerting recipients of ‘brokerage account issues’ or insisting they are eligible for ‘rewards through their mobile phone carrier,'” Google said.

“The texts prompt users to click a link leading to a fraudulent website that mimics trusted institutions to steal personal and financial information.”

Google said it’s filing the lawsuit to dismantle the network’s infrastructure, and that it’s partnering with AT&T, T-Mobile, and Verizon to block such messages from reaching customers.

Outsider’s operations, according to the company, are coordinated through Telegram, with the network distributing phishing kits that make it possible for threat actors to push fake text messages that claim to be from trusted brands. These schemes are estimated to have victimized more than 100,000 people, leading to millions of dollars in losses.

In addition, 9,000 fake websites and more than 1.59 million fraudulent URLs tied to the phishing service have been identified between November 14, 2025, and April 14, 2026. In a two-week period from May 18 to June 1, 2026, Outside was responsible for 55,000 spam texts flagged by Android users.

During the same timeframe, 2.5 million messages were sent by the network to Android users containing links to Outsider-generated websites. For as little as $88 a week, the kit allows criminals to create fraudulent websites, launch phishing campaigns, and steal victims’ credit card numbers, bank account credentials, and personal data. A license can be purchased via a “self-service ordering bot” on Telegram (@OutsiderCodeBot).

The service also offers more than 290 pre-built templates that impersonate legitimate websites of trusted institutions, real-time keystroke logging, and a performance dashboard to track the effectiveness of a campaign.

“As if Outsider’s plug-and-play simplicity were not alarming enough, the Enterprise has made the tool even more powerful by providing step-by-step instructions on how Outsider can weaponize AI-generated code,” Google said in its complaint filed in Manhattan federal court.

“Following those instructions, Enterprise members can use AI tools to generate programming code for a shell website, and copy and paste that code into Outsider to transform that shell into a fraudulent site that can be used to steal personal or financial information from their victims.”

Google said the prompts for Gemini and other AI platforms are framed as harmless requests for programming assistance, asking the model to generate HTML code to design a “gift redemption page” with the desired functionality and features, and instructing it to avoid using JavaScript and employ inline CSS to implement it. Once the counterfeit website is online, its URL is sent to potential victims via text messages.

The Outsider Enterprise is said to include a number of interconnected groups that play different roles, but collaborate to execute phishing attacks using the phishing kit. This includes –

  • The Developer Group, which supplies the phishing software and templates
  • The Data Broker Group, which provides curated lists of people to target
  • The Spammer Group, which provides the tools to send fraudulent text messages in bulk
  • The Theft Group, which helps monetize stolen information (e.g., credit cards and credentials) and launder funds from stolen credit cards
  • The Telegram Group, which facilitates collaboration among members and recruits new members

The advantage with such services, as in the case of recently disrupted Sniper Dz, is that they dramatically lower the barrier to entry for novice fraudsters lacking programming knowledge, who can leverage them to mount convincing phishing attacks with minimal effort and at scale.

“The criminals behind the Outsider Enterprise built a business out of impersonating trusted brands to defraud hundreds of thousands of victims,” said Brett Leatherman, assistant director of the U.S. Federal Bureau of Investigation’s (FBI) Cyber Division. “Criminals increasingly use AI to make fraud like this more convincing and harder to detect.”

The development comes exactly seven months after Google filed another lawsuit in the U.S. against China-based hackers behind a massive Phishing-as-a-Service (PhaaS) platform called Lighthouse that ensnared over 1 million users across 120 countries.



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FBI raid at office of Ohio voting rights group raises concerns of crack downs before midterm elections | Ohio

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The FBI raided the office of a voting rights group in Ohio on Thursday, prompting immediate concerns the Trump administration is cracking down on such organizations ahead of the midterm elections.

FBI agents raided the Cleveland office of the Ohio Organizing Collaborative, a grassroots group that does voter registration work, said Prentiss Haney, a board member of the group. Agents seized computers and phones, he said, and also showed up at homes of people affiliated with the group throughout the state and interviewed them.

“This raid is a full on coordinated assault weaponizing the justice department and DHS against people who are fighting for working class voters and Black voters to make sure they have access to the ballot,” Haney said in an interview.

The agents appeared to be examining accusations of fraud relating to the 2024 election, Haney said, but it was not immediately clear what the specifics of the investigation were beyond that. The FBI’s office in Cleveland did not return a request for comment. Trump won the popular vote in Ohio in 2024, delivering him 17 electoral votes, and Bernie Moreno, a Republican senator, unseated Sherrod Brown, a longtime Democratic incumbent, in an expensive race that helped deliver the senate to the GOP. The partisan balance of Ohio’s House seats did not change.

The activity came about a month after a top official in acting attorney general Todd Blanche’s office instructed prosecutors to prioritize voter fraud cases, according to the New York Times. Last fall, Frank LaRose, a Republican serving as Ohio’s top election official, referred 1,084 non-citizens who appeared to have registered in the state to the justice department. Federal investigators have also collected voter records in at least six Ohio counties, Reuters reported in April.

The raid, first reported by MS NOW, brought immediate condemnation from elected officials and other civil rights organizations. “This is an unprecedented attack on democracy: these raids must end immediately,” said Shontel Brown, an Ohio Democratic representative, whose district includes Cleveland. “Unfortunately, this appears to be part of a systematic effort by Trump and Kash Patel’s FBI to attack our elections and perpetuate more myths of voter fraud – all to undermine and challenge any election result that Trump does not agree with.”

Sherrod Brown, who is running again this year, said reports of the raid were “deeply disturbing”. Justin Bibb, Cleveland’s Democratic mayor, said the FBI should disclose the basis for the raid. “If there is a legitimate basis for these actions, it should be disclosed,” he said in a statement. “If not, the public has every right to question whether civic participation is being unfairly targeted.”

Trump has continued to falsely claim there is widespread voter fraud, more recently focusing on California, which takes long after election day to tally votes because it allows for late arriving ballots. Trump continues to offer no evidence for those claims, though it has escalated concern he will try and contest a Republican loss in this fall’s midterm elections.

“This appears to be an outrageous fishing expedition, an attempt to intimidate people working for democracy in our communities and country. It is an egregious abuse of law enforcement for political ends, and it fits a pattern of federal inquiries targeting voting infrastructure ahead of the midterm elections,” said Michael Waldman, the president of the Brennan Center for Justice, a thinktank.



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Can Pakistan push the US-Iran deal over the finish line? | Conflict

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NewsFeed

Pakistan says a final peace deal text has been agreed between the US and Iran, with only next steps left to finalise. Iranian Foreign Minister Abbas Araghchi says an MoU has “never been closer” as Islamabad touts its behind-the-scenes role in the talks.



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ICE arrests convicted killers, rapist, drug traffickers in single day

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FIRST ON FOX: Federal immigration agents arrested several convicted killers, a rapist and multiple drug traffickers in a single day Thursday, underscoring the Trump administration’s push to target what Department of Homeland Security (DHS) officials call the “worst of the worst” criminal illegal immigrants living in the U.S.

“Yesterday, [Immigration and Customs Enforcement (ICE)] arrested multiple murderers, rapists, and drug traffickers from our communities,” Homeland Security Acting Assistant Secretary Lauren Bis told Fox News Digital.

“Nearly 70% of ICE arrests are of illegal aliens charged or convicted of a crime in the U.S.,” she said. “Every day, our officers are putting their lives on the line to remove criminals from our communities.”

According to DHS, Thursday’s arrests include:

DHS ARRESTS 5 ILLEGAL IMMIGRANTS CONVICTED OF VIOLENT CRIMES INCLUDING MANSLAUGHTER, CHILD ASSAULT

Roque Cinto-Mejia

Roque Cinto-Mejia, of Mexico, is convicted of manslaughter. (DHS)

Roque Cinto-Mejia

Roque Cinto-Mejia, an illegal immigrant from Mexico, is convicted of manslaughter in Brooklyn, New York.

Alejandro De Jesus-De La Cruz

Alejandro De Jesus-De La Cruz, of Mexico, is convicted of voluntary manslaughter. (DHS)

Alejandro De Jesus-De La Cruz

Alejandro De Jesus-De La Cruz, an illegal immigrant from Mexico, is convicted of voluntary manslaughter in San Bernardino, California.

Francisco Antonio Morales-Acencio

Francisco Antonio Morales-Acencio, of Guatemala, is convicted of rape and assault and battery of a family member. (DHS)

Francisco Antonio Morales-Acencio

Francisco Antonio Morales-Acencio, an illegal immigrant from Guatemala, is convicted of rape, assault and battery of a family member in Fairfax, Virginia.

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Heriberto Mendoza-Pineda

Heriberto Mendoza-Pineda, of Mexico, is convicted of trafficking meth. (DHS)

Heriberto Mendoza-Pineda

Heriberto Mendoza-Pineda, an illegal immigrant from Mexico, is convicted of trafficking methamphetamine in Gwinnett County, Georgia.

Manuel Soto

Manuel Soto, of the Dominican Republic, is convicted of multiple drug charges. (DHS)

Manuel Soto

Manuel Soto, an illegal immigrant from the Dominican Republic, was twice convicted of drug possession and possession of cocaine with intent to distribute in Boston, Massachusetts.



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UK court jails Palestinian Action activists on ‘terrorism’ charges | News

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Quartet convicted on criminal damage and GBH charges, but judge insists raid on Israeli arms company was ‘terrorist act’.

A UK court has handed jail sentences to four activists from the Palestinian Action group on “terror” charges after they were convicted for a raid on an Israeli arms company.

Judge Jeremy Johnson at Woolwich Crown Court handed down sentences of about five to eight years to the quartet as he branded their August 2024 raid on the Elbit Systems site in Bristol a “terrorist act”.

Last month, four of six activists on trial were convicted of criminal damage. One of the defendants was also found guilty of striking a police officer with a sledgehammer.

The group said their aim was to “dismantle drones and weaponry” they believed would be used to kill people in the Gaza Strip.

Palestine Action was formally proscribed as a “terrorist” organisation in the UK last July.

Justice Johnson said there was a “terrorism connection” as there was “serious property damage” to Israeli weapons and claimed the defendants carried out the action to influence the British government and intimidate Elbit Systems, Israel’s largest weapons manufacturer.

The Filton 25 Defence Committee NGO said: “The four protestors sentenced today, destroyed over 40 Israeli weapons, including killer drones, which are used in almost every massacre of Palestinians in Gaza. By taking direct action, they saved lives. That is not terrorism, it is a duty. Today’s ruling will be appealed to correct this serious miscarriage of justice.”

Johnson jailed Samuel Corner, 23, for seven years and eight months. He was convicted of having hit police officer Kate Evans twice on the back with a seven pound sledgehammer, leaving her with a fractured spine.

The judge told the former Oxford student that he had used “extreme and gratuitous force against a vulnerable police officer acting in the course of her duties”.

Charlotte Head, 30, who crashed a van through the gates of the site, was sentenced to five years, along with Leona Kamio, also aged 30. Fatema Rajwani was given a prison term of four years and eight months.

About 500 protesters gathered outside the court on Friday in support of the four activists, leading to the arrests of 72 people for holding up signs in support of Palestine Action.

Friday’s ruling came just before the UK’s High Court is due to rule on the government’s appeal against the lifting of the Home Office ban on Palestine Action.

The ban under the 2000 Terrorism Act, which went into force on July 5 last year, made membership of or support for the direct action group a criminal offence punishable by up to 14 years in prison.

Since then some 3,000 people have been arrested at rallies and demonstrations.



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NASCAR mom Natalie Decker returns to racing after wild radio meltdown, Trump’s insane pizza move & FIFA women!

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We made it. Middle Friday of June. After today, we only have two more left until we’re in July. You blink, and we’ll be in football season before you know it.

And I mean football. Not whatever game is currently being played in the US of A right now.

Relax. It’s a joke. I’m a company man, which means for the next month, I love soccer! If FOX loves it, I love it. I hope the ratings are great, because that would go a long way in AI not replacing me … at least for a while.

So, cheers to the FIFA World Cup! USA plays tonight. It’s a great day to win a ballgame, as my old little league coach used to say.

Welcome to a Friday Nightcaps — the one where NASCAR mom Natalie Decker revs engines again for the first time since her Hall of Fame radio tirade last month.

What else? I’ve got the best of the rest from a big week of #content, some reader mail that I’d like to address, more rib talk, and AJ McCarron gives us all a pep talk heading into the weekend.

Sound good? Good!

Grab you a peanut butter cookie for National Peanut Butter Cookie Day, and settle in for a Friday ‘Cap!

One peanut butter cookie with caramel drizzled on top on a white background

A close-up of one peanut butter cookie with caramel drizzled on top. (iStock)

Six weeks into the merger and …

First of all, a warm, soft peanut butter cookie (preferably from Publix) is elite. Not the best, but it’s on the Mount Rushmore.

Now that that’s out of the way … we’re gonna switch things up a bit and start class with some mail.

BUBBA WALLACE ‘SEEING RED’ AFTER BEING WRECKED, FEMALE DRIVER RAGE-QUITS AND CRIES & NASCAR MISSED THE MARK

From Sherri U:

Dude, 

Help us middle agers and seniors out a little bit. Your story today was effectively a stream of consciousness rant with a bunch of screenshots.  I was interested in the DCC that was fired, but no clue what’s up based on what you wrote and a bunch of screenshots.

Check out some of the comments. See posts at top and bottom of this screenshot, which was within first hundred posts.

You’re posting on Fox, not X, Instagram, Reddit etc. Please upgrade your writing style for your Fox readership. 

Some of us choose to stay away from X, Instagram and the like, so posting a bunch of screenshots with links to additional story info on social media apps is useless.

Thanks, Sherri!

So, OutKick and Fox effectively became one unit about six weeks ago. It’s been a bit bumpy, as these things usually are. While we’ve always been under one roof, the two sites are … different. That’s just the honest truth.

OutKick is a little more loosey-goosey. A little (lot) more opinionated. This column, in particular, has been a culture shock to a lot of folks who haven’t been here for the past three years.

Nightcaps is a daily column we started back in 2023. In a nutshell, it’s a daily rundown of the most viral moments you may have missed while at work. If you’re getting on the subway, or the bus, or reading at red lights in your car on the way home, it’s a way for you to catch up on the newsy things from the day you missed.

It’s a bunch of quick-hitters, mainly from social media. It’s fast, it’s fun, it’s interactive. I use a lot of embeds from Twitter and Instagram. I realize they don’t work for some folks. I realize some folks may not be visual learners like I am. I realize some folks don’t have access to them for whatever reason.

Going forward, now that we have a new audience, I’m going to do my best to work around this. I’ll try to explain what I’m showing you via Twitter or Instagram a little better. It won’t be perfect, and it’ll almost certainly be ever-changing, but we are trying to workshop some things to make the transition a little smoother.

SMOKIN’ CHARLEY HULL GETS OFF TO A FAST START AT U.S. WOMEN’S OPEN BEFORE FADING, STEPHEN A WEIGHT LOSS & MEAT

There’s no real point to this explanation beyond me just being open and honest with everyone — including the longtime readers and the newcomers. I’m nothing if not open and honest. It’s sort of the point of this class.

OK, we’re nearly 700 words in and it’s a summer Friday. Let’s get this show on the road so we can all mail it in and get the weekend going.

NASCAR’s Natalie Decker is BACK behind the wheel this weekend at Pocono for the first time since her radio meltdown in last month’s truck race at Dover.

And while that was certainly embarrassing, we are still big Natalie Decker fans around here:

Natalie Decker standing on the grid at Talladega Superspeedway during qualifying

Natalie Decker waits on the grid during qualifying for the NASCAR O’Reilly Auto Parts Series Ag-Pro 300 at Talladega Superspeedway in Talladega, Ala., on April 24, 2026. (Sean Gardner/Getty Images)

What a week of #content!

Welcome back, Natalie!

For those who can’t see those embeds, or have no idea how to open them, some background …

That, of course, isn’t the whole story. Not even close. The in-car rant that followed was jarring to hear.

Natalie Decker walking the grid at Charlotte Motor Speedway during NASCAR Xfinity Series practice

Natalie Decker walks the grid during practice for the NASCAR Xfinity Series BetMGM 300 at Charlotte Motor Speedway in Concord, N.C., on May 24, 2024. (David Jensen/Getty Images)

“You guys, I’m trying to hold my s— together, but I don’t want to keep doing this,” she said after being told to come down pit road for a pass-through penalty. “There’s just so many s—– things that I could say right now, and I’m just trying to keep it together, about the f—ing director of the series.

“I feel like a f—ing failure … There’s so many things I want to say and I’m probably going to get f—ing suspended, you have no idea.”

Seems like a little time away has Natalie refreshed and ready to give the whole racing thing another go. Like any good American, I will be monitoring the situation this weekend at Pocono.

OK, let’s get to the best internet #content from a big week. We’ll start off with more Natalie, because it’s a Friday after all:

Ribs, liners & AJ takes us home!

Great week. For early June, you guys nailed it. Some consider this the down part of the year. Hogwash! And hey! The College World Series starts this weekend.

Give me that over FIFA any day of the week!

OK, let’s rapid-fire this weird Friday class into a big Friday night. First up? Anyone see this Royals pitcher take one off the dome earlier this week?

Terrifying:

Texas Rangers right fielder Brandon Nimmo talks with Kansas City Royals starting pitcher Seth Lugo at Kauffman Stadium.

Texas Rangers right fielder Brandon Nimmo talks with Kansas City Royals starting pitcher Seth Lugo after hitting a line drive single during the fourth inning at Kauffman Stadium in Kansas City, Mo., on June 10, 2026. (Denny Medley/Imagn Images)

Goodness gracious. We see this happen about 2-3 times a season, and it’s a hold-your-breath moment every time. I’ve NEVER seen a welt pop up that quickly. That has to be some sort of record.

Brandon Nimmo and Lugo were teammates with the Mets for years, by the way, which explains the immediate concern. He damn near ran over to him without even calling time. Lordy.

You’ll be shocked to know that Lugo will be going through concussion protocol before his next start. Probably wise.

Next? A few more emails on this week’s raging rib debate that I accidentally started when I told you I didn’t pull the membrane off my rack (hey now!) earlier this week.

From Carole C:

NO…clock ticking or not…the silver skin HAS GOT TO GO….period! Sorry, you lose that one.

And, from Dom Z. in Scottsdale:

It’s a sham. Leave the skin ON.

I used to pull them, but I spent a good four years in KC, went to a lot of different BBQ Joints, and learned something. There is an old BBQ Joint called the Woodyard. I was watching and talking to their old Pitmaster put his ribs on. Their pit was literally right out front. Handmade brick one they built when they decided to BBQ their own meat and open a restaurant. He was not pulling the skins. So I asked, “What’s up?” He just smiled at me and said, “Now why would I ever do that?”

Thanks, you two! Obviously, I agree with … Dom Z!

To be fair, I’ve done it both ways. I understand both sides of the argument. I will say this, and I omitted this from the column earlier this week …

When I bought the ribs, I asked the butcher if the membrane was still on. He told me yes, he never pulls the membrane from St. Louis ribs because it’s too hard and doesn’t make a difference.

Take that for whatever it’s worth.

OK, that’s it for today. Good class, good week. Here’s former Alabama QB AJ McCarron absolutely ripping his UFL team to SHREDS to get you fired up for a big weekend.

See you Monday.

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OutKick Nightcaps is a daily column set to run Monday through Friday at 4 p.m. (roughly, we’re not robots).

Ever taken 107 off the face? Email me at Zach.Dean@OutKick.com.



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Maine disables data breach notification portal after fake disclosures

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Data Breach

Maine has taken its public data breach reporting portal offline after fraudulent breach disclosures were published on the state’s website, prompting a review of procedures to prevent abuse in the future.

Yesterday, BleepingComputer reported that fake data breach disclosures had been submitted to Maine’s official breach notification portal impersonating Discord and the multiplayer social virtual reality platform VRChat.

At the time, VRChat told BleepingComputer the filing was fraudulent and had been submitted using the name of a fictitious employee.

image

In a statement published Friday, the Maine Attorney General’s Office acknowledged that data breach “hoaxes” were submitted through the state’s reporting system.

“The Office of the Maine Attorney General has been made aware of an apparent abuse of our data breach reporting system,” the statement reads.

“After conversations with VRChat, one of two affected companies, it has become clear that the reported data breaches were hoaxes submitted by an unknown entity unrelated to either company. These false reports have been removed from the database. We have no knowledge of any recent legitimate data breach reports from either VRChat or Discord.”

The Attorney General’s Office says it has now temporarily disabled public access to the breach notification database while it reviews reporting procedures to reduce similar abuse in the future.

Prior to the shutdown, submitted breach notices were automatically published to the public database.

“We don’t have any independent knowledge of the breaches, the submitting entity fills out the information and it goes directly onto the site. We will review the one you’ve flagged, thank you,” Maine Attorney General’s Office told BleepingComputer.

The notice states that companies can continue to submit breach notifications through the reporting service, but members of the public seeking copies of disclosures must now contact the Attorney General’s Office directly.

Maine’s data breach portal is commonly used by journalists, researchers, and threat intelligence firms to monitor newly disclosed security incidents and determine whether organizations are reporting cyberattacks or data breaches affecting consumers.

The incident demonstrates how automatically published breach disclosures can be abused to spread misinformation and damage a company’s reputation.

The fraudulent VRChat filing claimed the company suffered a data breach impacting over 2.4 million people and included a fabricated employee contact name in the disclosure.

After BleepingComputer contacted VRChat about the filing, the company confirmed the disclosure was fake and stated it had not submitted the notice to Maine authorities.

BleepingComputer also contacted Discord about the fraudulent notice submitted to the site but did not receive a response.

It is unclear how many additional fraudulent breach notices may have been submitted through the portal before the state suspended public access to the database.

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Putin admits Ukraine attacks hitting Russian economy, society | Russia-Ukraine war News

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Ukraine has increasingly targeted Russian refineries, depots and pipelines, as well as fuel supplies in Crimea.

President Vladimir Putin has acknowledged that the recent surge in Ukrainian attacks is inflicting damage on the Russian economy and society.

Putin’s remarks on Friday followed weeks of intensifying Ukrainian strikes on Russian infrastructure, including a Kyiv-claimed attack on a key oil refinery in Russia’s Nizhnekamsk the previous night. However, the Kremlin chief insisted that the surge in strikes will not succeed in creating division and that the economy will quickly bounce back.

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list of 3 itemsend of list

Ukraine’s attacks, which have hit refineries, depots and pipelines deep into Russia – all vital to the country’s lucrative oil and gas exports – appear to be exacting a growing toll as the war drags on and Moscow’s advances on the front line in eastern Ukraine slow.

Putin declared confidence that the onslaught would not affect Moscow’s determination to continue with its invasion of its neighbour.

“As for the economy: they are certainly causing us damage, but we are recovering quickly,” said Putin in comments carried by Russia’s state-owned TASS news agency. He added that the strikes are intended to “sow confusion” in society.

But he insisted that the strikes will not succeed “in either dividing society nor in causing us economic harm – at least not in the way they are aiming for”.

Ukraine says its strikes are fair retaliation for Russia’s daily barrage of drones and missiles sent to devastate Ukrainian towns and cities.

As he seeks to maintain the authorities’ narrative that the “special military operation” remains highly successful despite the growing evidence felt inside Russia, Putin promised that Russia’s military will escalate attacks on “the enemy’s infrastructure” to “discourage them from attacking our civilian facilities”.

The Russian leader also said Moscow must improve its air defences – the second such call this month.

In addition to long-range attacks on Russian infrastructure, Ukraine has targeted supplies into Russian-occupied Crimea, including fuel trucks, triggering the worst fuel crisis on the Black Sea Peninsula since it was illegally annexed by Russia in 2014.

Cars line up at a petrol station in Simferopol, Crimea, Friday, June 12, 2026. (AP Photo)
Cars line up at a petrol station in Simferopol, Crimea, June 12 [AP Photo]

The Washington-based Institute for the Study of War noted the synergy between Ukraine’s longer-range attacks and those disrupting supplies to Crimea and other occupied regions.

“The long-range strike campaign is therefore reducing Russia’s production capacity, while the midrange strike campaign is hurting Russia’s ability to transport the gasoline Russia is still able to produce,” it said in an analysis.

Kremlin spokesman Dmitry Peskov acknowledged the Crimean fuel shortages earlier this week and promised that “measures were being taken” to deal with them.

Putin recently rejected the prospect of face-to-face talks with Ukraine’s President Volodymyr Zelenskyy to end the war.

Ukrainian commander-in-chief Oleksandr Syrskii has said that Ukraine had reclaimed more of its territory than it lost during May, reversing a Russian trend of monthly net gains.



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SBA removes foreign products from federal catalogue over fake US labels

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The Small Business Administration (SBA), in collaboration with the U.S. General Services Administration (GSA), is removing nearly two dozen foreign products from its official catalog that supplies government agencies, citing fears that some of them may be misrepresenting their sourcing.

Kelly Loeffler, SBA administrator, raised concerns that China-based companies were falsely marketing their products as “made in America” on the Advantage! platform — a listing service the government uses to connect vendors with agencies.

“As part of our commitment to rebuilding American industry and supply chains, the Trump SBA believes that every taxpayer dollar spent by the federal government should go to support American businesses, workers and products,” Loeffler said.

SBA’s crackdown furthers efforts by the Trump administration to double down on American manufacturing and aims to reduce the risk associated with purchasing or implementing compromised China-sourced goods.

REPUBLICANS LOOK TO STOP CHINA’S ‘BACKDOOR’ TARIFF DODGING SCHEME

Then-Republican Sen. Kelly Loeffler speaking at a campaign event at Valdosta Regional Airport in Valdosta, Georgia.

Then-Republican Sen. Kelly Loeffler speaks during a campaign event at Valdosta Regional Airport in Valdosta, Ga., on Dec. 5, 2020. (Dustin Chambers/Reuters)

The concerns first arose at the White House Small Business Summit where a New York-based small business, Sherrill Manufacturing, communicated suspicions to SBA that China-based companies were only partially assembling or finishing their products in the U.S.

Sherrill, according to the SBA, is the only manufacturer of stainless steel flatware that is 100% made in America.

“When foreign companies were caught falsely claiming ‘Made in America’ status in the federal procurement system, President Trump directed the SBA and GSA to take aggressive action,” Loeffler said.

Even in his first term, Trump used executive orders to maximize the use of domestically sourced raw materials such as iron, aluminum and cement. He issued a similar executive order earlier this year.

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President Donald Trump speaking in the Oval Office of the White House

President Donald Trump speaks in the Oval Office of the White House in Washington on June 10, 2026. (AP Photo/Julia Demaree Nikhinson)

But sourcing protections for federal materials didn’t start with him.

For security reasons, the Berry Amendment, implemented in 1941, requires the Department of War to purchase only American-sourced steel.

Similarly, the Buy American Act (BAA), a Great Depression-era law that passed in 1933, requires federal agencies to prioritize American-made goods over certain value thresholds.

Loeffler explained that companies like Sherrill Manufacturing can be put unknowingly at risk of violating those requirements if vendors aren’t honest about their sourcing.

“The Trump Administration is sending a clear message that we will not tolerate foreign impostors that hijack Made in America labels, or those that undercut honest, generational, American small businesses like Sherrill Manufacturing,” Loeffler said.

The company’s CEO, Matthew Roberts, praised the SBA’s work and thanked the Trump administration.

“The factory where Sherrill Manufacturing and Liberty Tabletop produce their flatware has a manufacturing history dating back to supplying America’s armed forces during World War I,” Roberts said.

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Kelly Loeffler speaking at a news conference at the US Capitol in Washington, D.C.

Kelly Loeffler, administrator of the Small Business Administration, speaks during a news conference at the U.S. Capitol in Washington, D.C., on Oct. 27, 2025. (Kent Nishimura/Bloomberg)

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“We deeply appreciate President Trump, SBA Administrator Kelly Loeffler, and GSA Administrator Ed Forst, along with their offices, for their continued efforts to keep American manufacturing alive and restore pride in products made in the USA,” he added.

SBA did not list which specific vendors have been removed from the Advantage! platform.



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