Russian Press Review, July 24:

Moscow and Washington appear to be keeping diplomatic channels open as the US searches for a new approach to resolving the Ukraine conflict; the EU’s latest sanctions package reflects a compromise between tightening pressure on Russia and protecting the bloc’s own economic interests; and Germany’s approval of Russian-designed nuclear fuel production underscores Europe’s continued reliance on Russian nuclear technology. These stories topped Friday’s newspaper headlines across Russia.

▪Vedomosti: Lavrov-Rubio meeting signals tactical shift in Ukraine diplomacy

▪Vedomosti: EU’s new Russia sanctions marked by oil cap freeze, LNG exemption

▪Izvestia: Germany turns to Russian nuclear technology for reactor fuel production

▪Izvestia: Russia protects trade with foreign partners by further moving away from dollar

▪Kommersant: Gold boom dampens as Russian miners face rising costs, tax pressures