Missile strike kills three in Ukraine as Russia feels war’s economic strain
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- Russian missile strike on Kryvyi Rih killed at least 3 people and wounded 25 using a cluster munition warhead, with victims dying within 200 metres of each other, per local defence council head Vilkul
- Zelenskyy demanded faster air defence supplies, writing on Telegram: "Every delay in supplies to protect Ukraine and Ukrainians is in effect a loss of life"
- Ukraine announced it targeted a railway bridge, a power plant, and other infrastructure in Russian-occupied Crimea on Tuesday
- Ukraine's drone strikes on Russian refineries have triggered fuel shortages across multiple regions, prompting sales restrictions and rising oil-product prices
- Moscow Exchange stock index fell 5% on Monday before a slight rebound, sitting near its lowest level since March 2023, while the rouble slid past 75 against the US dollar for the first time since May 6
- Lavrov told foreign envoys in Moscow that the US is "abandoning any claim to the role of an objective mediator" in favour of escalating sanctions, as Trump shifts focus to Iran and peace efforts remain frozen
Why it matters: Ukraine is now hitting Russian fuel infrastructure hard enough to cause multi-regional shortages, push the rouble past 75, and drag the Moscow Exchange index to near its lowest level since March 2023, yet the Kremlin publicly insists macroeconomic stability is "absolutely ensured" even as US mediation freezes.
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