US Peace Push: Trump is sending envoys Steve Witkoff and Jared Kushner to Moscow and Kyiv with a proposal to end the war, while Zelenskyy says Kyiv will guarantee safe Russian airspace during the visit and calls for a reciprocal halt in strikes. Security & Business Impact: Russia hit the SBU headquarters in central Kyiv with a drone, injuring at least 12, as the diplomatic push ramps up—another reminder that logistics and risk costs stay high. Energy Shock: Ukraine’s strikes forced two major Russian energy facilities to shut down (Lukoil refinery in Kstovo and Novatek-Ust-Luga complex), tightening global supply and feeding energy-price pressure. Budget Pressure: Kyiv is preparing austerity moves to cut non-military spending as the 2027 external financing gap is projected at $32.6B, with G7/IMF talks focusing on reforms and financial stability. Black Sea Bottleneck: Black Sea logistics is operating at minimal capacity since July, cutting agricultural exports and raising costs, while overland routes can’t fully replace port capacity. Sanctions & Frozen Assets: A new EU push to channel immobilised Russian Central Bank assets faces Belgium’s resistance over legal exposure, with a possible EU custodian model gaining traction. Defense Industry: Germany-backed serial production of long-range drones for Ukraine is underway, and a new 155mm “Marta” self-propelled artillery system is planned for 2027 deliveries.