Long-Range Strikes & Energy Pressure: Ukraine hit deep inside Russia with FP-5 “Flamingo” missiles, targeting a drone/missile component plant in Cheboksary and damaging refineries and oil infrastructure in Samara and Vladimir regions, while Russia said it intercepted 326 drones overnight. Oil Market Strain: Reuters calculations say Russia’s western crude exports fell to about 1.7m bpd in June from 2.5m in May, as drone attacks, fuel shortages and lower output bite. Defense Tech & Batteries: 1414 Degrees is moving SiNTL battery tech into Ukraine via a test deal with government-approved drone maker Energia 2000, aiming to scale UAV production. EU Funding Fight: EU states are disputing the unblocked €6.6bn European Peace Facility—Germany wants more to go to new aid, while Poland demands full reimbursement for past weapons. Sanctions & Diplomacy: The U.S. business lobby argues more Russia sanctions won’t end the war, as Washington debates new measures and oil waiver policy. Ukraine Industry: Ukrmetallurgprom reports May steel output rose, with rolled steel up 16.7% month-on-month, though war disruptions keep volumes below last year. Regional Trade: The EU and South Korea signed a digital trade deal to cut costs and ease cross-border data and e-contracts.