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July 6, the Russian Ministry of Defense reported on the 6th that in the past night, the Russian air defense system shot down and intercepted 120 Ukrainian drones, including 30 in Bryansk Oblast, 29 in Kursk Oblast, 18 in Oryol Oblast, and 17 in Belgorod Oblast. The Ukrainian Air Force reported on the 6th that since 20:30 local time on the 5th, the Russian army has launched 4 S-300 air defense missiles and 157 drones at Ukraine. As of 8:30 a.m. local time today (6th), the Ukrainian army has shot down a total of 117 drones through firepower and electronic warfare suppression.On July 6, Hong Kong SAR Government Financial Secretary Paul Chan said on the 6th that Hong Kong stocks rose by 18% last year, and the momentum will continue to improve in 2025. The number of applications for IPOs in Hong Kong is increasing rapidly. The amount of funds raised in the first half of the year exceeded HK$107 billion, an increase of about 22% over the whole of last year, temporarily ranking first in the world. Paul Chan said that in the past period of Hong Kong stocks rise, funds mainly chased technology stocks, driving a significant increase in the trading of derivatives related to technology stocks. "Exchange Traded Products" (ETPs) linked to different types of assets have become a new force in supporting the liquidity of Hong Kong stocks in recent years, effectively playing the role of liquidity buffer when the market fluctuates.July 6, Lloyds Bank of the United Kingdom believes that the minutes of the Federal Reserves June meeting to be released next Wednesday are not expected to change the markets expectation that interest rates will remain unchanged at the July meeting, and interest rate adjustments are more likely to take place in September. The Feds dot plot is still expected to have two rate cuts this year, but there are clear differences among policymakers, ranging from three rate cuts to unchanged.According to TASS: Russian troops have taken control of Sobolivka in the Kharkiv region of Ukraine and Piddubne in the Donetsk region.According to Nikkei News: Nissan Motor is considering having Foxconn produce electric vehicles at its Oppama plant in Okinawa, Japan.

Senator Rubio urges that the U.S. FAA evaluate the safety of Russian airlines

Aria Thomas

Jun 24, 2022 12:02

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Senator Marco Rubio on Thursday demanded that the U.S. Federal Aviation Administration (FAA) do a safety study of Russian airlines and notify the American people of the hazards presented by Russian-controlled planes still operating in international airspace.


As a result of sanctions placed by Europe, the United States, and others in reaction to Russia's invasion of Ukraine, Russia's aviation sector has been pushed to curtail flight activities.


Rubio, the leading Republican on the Senate Intelligence Committee, wrote: "As long as Russian airlines continue such operations, they pose a potential threat to international tourists as well as Russians going domestically."


After being blacklisted, some Russian airlines continued to undertake flights to Beijing, Delhi, and Dubai, among other locations.


The FAA did not immediately react, but in April it lowered Russia's aviation safety rating, alleging violation with International Civil Aviation Organization (ICAO) safety requirements by the country's Federal Agency of Air Transport.


The United States joined the European Union and Canada in barring Russian carriers from American airspace in March.


The top aviation safety body for the European Union voiced "grave worry" on the safety of Western-made aircraft continuing to fly in Russia without access to spare parts and routine maintenance.


Patrick Ky, executive director of the European Union Aviation Safety Agency, stated, "This is pretty risky" (EASA) (EASA). According to him, there are reports that Russia will be required to cannibalize planes to keep others flying.


Rubio stated that further teaching from the FAA "about the nature of the possible hazards connected with traveling on airplanes without contemporary components" is urgently necessary.


More than 150 Boeing (NYSE:BA) airplanes flown by Russian airlines were added in March to a list of aircraft thought to contravene U.S. export laws.