Annual Russian business event focused on the economy and investment
Ukraine has struck multiple oil facilities and fuel depots across southwestern Russia, expanding its long-range drone campaign. Reports indicate large fires and evacuations, with officials citing damage to civilian infrastructure and an IAEA-monitored situation at Zaporizhzhia. Russia and Ukraine continue to exchange strikes as both sides argue over targets and consequences.
A wave of attacks across Ukraine and Russia continues as Kyiv demands direct ceasefire talks while both sides report strikes on civilian infrastructure. Zelenskyy urges open dialogue as both sides confront ongoing drone and missile activity.
Ukraine has launched long-range drone strikes that hit a fuel terminal in St. Petersburg and a military facility, with smoke rising over the port. Putin attends the St. Petersburg forum as tensions escalate and oil facilities target Moscow’s war effort.
British, French and German ambassadors have met Russian officials to press for direct talks between Moscow and Kyiv after the E3 leaders backed Zelenskyy’s proposal for a face-to-face summit. Moscow has rejected meeting before a deal is agreed and continues to strike and be struck by Ukrainian long-range and drone attacks that have disrupted Russian supply lines and fuel deliveries to Crimea.
Ukraine has used long-range drones to hit strategic targets deep inside Russia this week, striking St Petersburg's oil terminal, the Kronstadt naval base and supply lines to occupied Crimea. Russian authorities have reported hundreds of intercepted drones, governors have ordered residents to shelter indoors, and Crimea is facing severe fuel shortages that are disrupting travel and tourism.
Central banks are maintaining cautious stances as inflation pressures persist. Officials have signalled that rate paths will be data-driven, with ongoing monitoring of energy prices and geopolitical risks. Market expectations hinge on inflation trends and the pace of growth.
The Israeli economy is navigating the strongest shekel in 33 years, weighing on exports and forcing startups to reassess operations. Banks and the government are rolling out measures to support cash flow, while foreign exchange dynamics are reshaping real estate and hiring decisions. The Times of Israel reports multiple developments, including rate cuts, export pain, and a policy response.
Ukraine has intensified long-range strikes on Russia’s energy infrastructure, with drones hitting St. Petersburg’s oil terminal and nearby port facilities. Officials report no casualties, while Kyiv says the action targets revenue for Moscow’s war. Putin labels energy strikes as not critical.