China-Russia Energy Diplomacy: Xi Jinping sent congratulations to the 8th China-Russia Energy Business Forum in Vladivostok, urging both sides to deepen energy cooperation and keep oil-and-gas supply chains stable. Ukraine War’s Industrial Hit List: Russia shelled an industrial enterprise in Kamianske and struck warehouses and logistics sites in the Kyiv region, while a drone attack hit the SBU headquarters in central Kyiv, injuring at least a dozen and prompting Zelensky to promise retaliation. Energy Prices Under Pressure: U.S. Treasury chief Scott Bessent blamed Ukraine’s strikes on Russian energy infrastructure for a global energy shock and higher prices, as oil markets also react to Middle East risks. Grid Security Rules: The U.S. issued a new national security order targeting foreign-sourced energy equipment, adding uncertainty for power-grid procurement. LNG and Fuel Trade Shifts: LNG shipping patterns keep changing, with Russia still a top China supplier, while reports say Russia has imported gasoline/diesel at scale via blending hubs like Morocco. Industrial Policy by Force: Russia is preparing broader state control over firms deemed slow or inadequate in drone protection, with a list of 167 entries already identified. Defense Production Push: Germany began serial production of long-range drones for Ukraine, and the U.S. approved first production models of a drone-killing laser system. Far East Investment Angle: Eastern Economic Forum discussions highlighted funding and partnerships for Russia’s Far East, while Russian firms consider re-registering in China’s industrial parks for cheaper financing and lower taxes. Peace Talks Logistics: Trump’s envoys Witkoff and Kushner are set to visit Moscow and Kyiv with a proposal to end the war, with Zelensky demanding a strike pause for safe passage.