Fuel & Power Shock: Ukrainian strikes again hit Russia’s war economy and energy chain, with reports of fires and damage at major refineries and oil-linked infrastructure, including a drone attack on Ufa’s oil facilities and claims of strikes on Saratov and Nizhnekamsk, while in Ukraine new outages were recorded across Poltava, Sumy, Kharkiv, Zaporizhzhia, Odesa and Mykolaiv. Starlink Jamming Arms Race: Russia is deploying strong electronic jammers and disguising shipments to disrupt Ukraine’s “mid-strike” drones that rely on Starlink, signaling a new phase in drone warfare. Airbase & Industrial Targets: Satellite imagery says seven Su-35 jets were parked at Borisoglebsk before a drone attack, and Ukraine also targeted Crimea’s Dzhankoi airbase and related logistics nodes. Construction & Materials: Heidelberg Materials is reportedly planning a US$200m cement plant expansion near St Petersburg, while St. Petersburg’s mayor picked a redevelopment plan for Tropicana Field land. Mining & Production: K92 Mining posted strong Q2 results with 46,093 oz AuEq produced and progress on mine ramp-up. Regional Spillover: Central Asia’s winter fuel squeeze is worsening as Russia’s own shortages and refinery disruptions tighten supply. Defense Industry Politics: NATO’s Defense Industry Forum in Ankara pushed faster procurement and deeper cooperation, as analysts warn members remain divided. Finance Stress: A Reuters report cites an “explosive” banking-crisis risk as half a million Russians declared bankruptcy amid war-debt strain.