Ukraine-Serbia Diplomacy: President Zelenskyy arrived in Serbia for his first official visit, signaling talks on expanding economic ties, EU accession paths, energy cooperation, and security—while Belgrade’s balancing act with Russia remains a backdrop. Central Banking & Credit: The NBU eased rules for short-term war-related debt restructurings (up to a year) and relaxed agricultural collateral requirements, aiming to widen agribusiness access to financing. Energy & War Risk: Russia hit seven Ukrnafta oil and gas production facilities, forcing some sites offline and cutting output; separately, fuel prices in Ukraine stayed mostly flat as diesel supply remains tight. Sanctions & Trade Pressure: The US Senate passed a Russia sanctions bill championed by Lindsey Graham’s team, including tariff authority up to 100% on top Russian oil/gas buyers—prompting warnings about higher costs for Americans and possible spillover into trade talks. EU Accession Process: The EU is pushing Ukraine toward membership but is weighing a new enlargement approach due to corruption and judiciary independence concerns. Business Impact on the Ground: Kyiv’s warehouse vacancy fell to 2.5% with large space scarce; Intertop estimated initial losses at UAH 450 mln after its main warehouse was destroyed; Delta Plus Ukraine suspended shipments after a warehouse attack. Defense Industry Moves: BlueBird Tech and France’s Galion Group signed a defense partnership, while the US Army opened test ranges to private firms to speed up weapons delivery.