Ukraine War Impact on Russian Industry: Ukraine’s Unmanned Systems Forces confirmed a drone strike that sparked a major fire at the Ilsky oil refinery in Krasnodar Krai, with thick smoke visible across the area—another hit to Russia’s refining capacity and fuel supply chain. Escalation & Civilian Fallout: Russia launched a massive overnight barrage on Ukraine using 73 missiles and 656 drones, killing at least 10–14 people and injuring dozens to more than 100, with Kyiv and Dnipro among the hardest hit; power and water disruptions were reported as emergency services worked through rubble and fires. Energy Shock Spillover: As strikes target energy infrastructure, Russia’s domestic fuel system shows strain—fuel rationing and purchase limits are appearing in Moscow-region outlets and in Crimea, while Ukraine’s campaign continues to pressure refineries and logistics. Sanctions Pressure on Business: A new report argues Western sanctions on Russia are creating structural gaps that still hurt legitimate companies, not just targeted actors, raising compliance and operational risks across banking, energy, shipping, and aviation. Armenia Trade & Food Industry: Russia moved to restrict Armenian fruit imports (including stone fruits) citing phytosanitary violations, adding uncertainty for cross-border agri supply and EAEU trade flows.