After a tense White House meeting, Trump downplays Ukraine missiles and pivots to brokering peace, citing a surprise Putin call and a possible Budapest summit. Zelenskyy presses for Tomahawks, while Washington signals caution.
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EU Russian LNG ban 2027 moves closer as Spain’s Enagás confirms it can halt Russian cargoes and replace with US LNG. Brussels readies rules to verify gas origins and a phased exit, aiming to cut Kremlin revenues and reduce energy reliance. EU states draft LNG penalties.
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At Ramstein, Denys Shmyhal prioritized air defense, missiles, drones, and long-range weapons, urging $12–20B for PURL in 2025, $4B to scale Ukrainian production, and more interceptors for winter. He urged EU states to earmark 0.25% of GDP and tap frozen Russian assets.
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With US funding uncertain and EU budgets stretched, Brussels aims to anchor Ukraine support in loans backed by frozen Russian assets. A proposed €140bn facility, Euroclear guarantees and G7 coordination face Belgian concerns and legal hurdles.
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Russia bad weather attack: Zelenskiy says Moscow timed mass strikes to low clouds, cutting air-defense efficiency by 20–30%. Blackouts hit Kyiv and services halted, while Ukraine seeks 10 promised systems and shields 203 energy sites before winter arrives nationwide.
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Russia launched a massive overnight barrage on July 18–19, firing Iskander and Kh-101 missiles and swarms of Shahed drones that hit energy and civilian sites. Kyiv touted a prospective US–Ukraine “drone deal” to scale production.
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Top executives at Russia’s biggest lenders are privately mapping how to seek state recapitalization if bad loans keep climbing. Official NPLs look manageable and buffers are large, but restructurings mask risk. 2017-style bailouts could return.
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