Russia is conducting near-continuous drone attacks on Kyiv to weaken Ukraine’s defenses and disrupt civilian life. These persistent waves of drones are straining Ukraine’s air defense systems. Recent strikes have caused civilian casualties and damage to key facilities. Market participants have lowered their assessment of Ukraine’s chances of recapturing Crimea by December 31, 2026. This strategy represents a military escalation by Russia that could impact Ukraine’s offensive capabilities on other fronts.
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