Ukraine Budget Crunch: Zelensky warned lawmakers to pass “difficult and unpopular” bills to close a ~$27B wartime deficit and unlock partner financing. Railway Security & Logistics: Kyiv says Russian strikes have damaged or destroyed 500+ locomotives; Zelensky promises more contracts for railway protection systems and keeps logistics running despite delays. Energy Ceasefire in Doubt: Trump claims an energy-strike halt with Russia, but Kyiv says it’s not yet agreed and strikes on refineries and drone facilities continue, feeding diesel-price pressure. Defense Procurement Shift: Reuters reports Europe is moving toward cheaper missiles and interceptors after Ukraine showed small inventories get drained fast. US Sanctions Push: The US House advanced the Lindsey O Graham Russia-Iran bill that could enable up to 100% tariffs on major buyers of Russian oil and gas. Drone-Driven Disruption: Ukraine’s strikes are linked to major Russian diesel-refinery output cuts, while Kyiv reports new interceptor tests against jet-powered Shaheds. Border & Aid: Poland tightens security near the border after strikes; Latvia backs military aid to Kyiv. Business & Trade: EBA says half of Ukrainian businesses expect UAH revenue growth in 2027 but stay cautious; Uklon expands ride-hailing to more cities. Markets & Finance: Bank of England faces pressure to raise rates as global bond markets wobble on borrowing and inflation fears. Defense Finance Europe: UK explores joining Canada-led DSRB to fund NATO defense projects with cheaper long-term loans.