US-Russia Sanctions Push: Sen. Katie Britt is backing the bipartisan “Sanctioning Russia Act of 2026,” a late Lindsey Graham priority, aiming to raise pressure on Moscow and energy buyers with tariffs up to 100% plus broader sanctions. China Pushback on Energy Sanctions: China says it “firmly opposes” the US move targeting countries buying Russian energy, warning it threatens legitimate trade and vowing to protect firms. Energy Market Shock Absorbed, Buffers Thin: An IMF blog says the global oil system handled the West Asia disruption via demand compression, non-Gulf supply gains (including Russia), and stock draws—but room to maneuver is now smaller. India Manufacturing Import Swap: Reuters reports India is mapping $51bn of “critical imports” to replace with domestic manufacturing across sectors from textiles to solar. EU-Ukraine Drone Industrial Deal: The EU and Ukraine sealed a drone deal to scale production using EU industry and Ukrainian know-how, with extra funding tied to drone capability. Russia Strikes Ukraine’s Ports and Drone Industry: Russia hit Kyiv defense-industry sites tied to drones and port infrastructure in Odessa/Yuzhny, targeting fuel storage and logistics. Russian Elite Wealth Shift: Bloomberg reports some of Russia’s richest figures, including people close to Putin, moved billions abroad amid fears of asset seizures, shifting toward crypto, gold, and foreign property. EU Sanctions Blocked by Greece: Greece is resisting an EU LNG shipping restriction tied to Russian LNG, citing risks to Dynagas and broader maritime fallout. Russia Inflation Worries: Russia’s central bank warns the inflation surge is spreading beyond a temporary fuel shock, complicating rate-cut hopes.