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Russia-Ukraine Conflict

Ukrainian drones struck Wildberries warehouses in Krasnodar and Nevinnomyssk, injuring several workers and extending a series of attacks on Russia's largest online retailer, Reuters reported on July 22. 

Russia, Ukraine: Strikes on Russian Online Retailer Drag Russia's Consumer Economy Into the War

Ukrainian President Volodymyr Zelensky held a fresh round of meetings with top military commanders amid media reports that he was considering dismissing Lt. Gen. Oleksandr Syrskyi, the commander-in-chief of Ukraine's Armed Forces, in the face of protests demanding Syrskyi's removal and broader military reform, Interfax-Ukraine reported on July 20.

Ukraine: Zelensky Meets His Top Brass, Denying His Army Chief Is Out

China

Europe

Ukraine and the European Union signed a deal to establish joint drone projects and expand production by combining Ukrainian battlefield expertise with European financing and industrial capacity, Reuters reported on July 15.

Ukraine, EU: Drone Deal Will Expand Production and Scale Combat-Tested Technology

Dozens of heads of state and government met in Paris, France, on July 13 for a "coalition of the willing" summit in support of Ukraine, where participants announced an anti-ballistic missile coalition, Reuters reported the same day.

Ukraine, Europe: Paris Summit Deepens Kyiv's Long-Term Defense Ties With Europe

Energy

Ukrainian President Volodymyr Zelensky announced he would replace Prime Minister Yulia Svyrydenko and overhaul his Cabinet as part of an updated political strategy, with Naftogaz CEO Serhii Koretskyi emerging as the frontrunner to succeed her, the Financial Times reported on July 12.

Ukraine: Zelensky Announces Cabinet Reshuffle Ahead of Winter

United States

France

Leaders of the "coalition of the willing" for Ukraine are meeting in Paris, France, on July 13, with NATO Secretary-General Mark Rutte and Ukrainian President Volodymyr Zelensky also attending, to discuss air and missile defense, missile production, joint exercises and Russia's shadow fleet, Le Monde reported the same day. 

Europe, Ukraine: Coalition of the Willing Meets in Paris, Set To Declare Postwar Force Ready

Kremlin spokesperson Dmitry Peskov said the United States was mistaken to believe that Ukrainian strikes on Russian energy infrastructure could pressure Moscow to resume peace talks, warning that escalation could prolong the war and force Russia to create a larger "security zone," Reuters reported on July 9.

Russia, Ukraine: Kremlin Says Ukrainian Strikes Could Prolong War, Not End It

Russia launched another deadly attack on Kyiv, Ukraine, killing at least 15 people and injuring 56 others, Interfax-Ukraine reported on July 6.

Russia, Ukraine: Another Deadly Strike on Kyiv Points to Hardening Kremlin War Line

Assessments

Ukrainian servicemen maintain a 2S22 Bohdana self-propelled howitzer near Pokrovsk in the Donetsk region on May 27 in Pokrovsk, Ukraine.

With grinding ground offensives yielding minimal gains at a severe human cost, Moscow is likely to escalate devastating aerial strikes designed to cripple critical infrastructure and force Kyiv into concessions.


What the Fall of Kostiantynivka Would Mean for the Ukraine War 

Snapshots

People gather for a second consecutive day of protests in central Kyiv, Ukraine, on July 17, 2026, following the controversial dismissal of Defense Minister Mykhailo Fedorov.

Zelensky's potentially imminent decision to dismiss the army chief under mounting public pressure would weaken his authority, while prolonged turmoil could further strain Ukraine's war effort.

Defense Minister's Ouster Plunges Ukraine Into Biggest Wartime Political Crisis Yet

Albania

Montenegro

Moldova

A man checks the flags of EU countries in 2004. 

Recent negotiations saw Montenegro and Albania pushed into advanced legislative alignment while Brussels expanded accession negotiations with Ukraine and Moldova.


The Progress, Prospects and Risks of EU Enlargement

Cars stand in line for gasoline at a Lukoil gas station on July 8, 2026, outside of Moscow, Russia.

Russia will retain the ability to produce and export most of its oil, but sustained Ukrainian strikes will erode its refining capacity, exacerbate domestic fuel shortages and raise the risk of deeper production cuts.

Ukrainian Strikes Deepen Russia's Fuel Refining Crisis

Turkey

Billboards are seen ahead of the upcoming NATO Summit in Ankara, Turkey, on June 26, 2026.

Recent U.S. military drawdowns in Germany and threatened reductions in Italy and Spain underscore the stakes of the summit on July 7-8.

Transatlantic Tensions Set To Dominate NATO Summit in Ankara

Media

Cuba

Iran

Forecast Webcast

Join our analysts for this webcast recording exploring key topics identified in RANE's 2026 Third-Quarter Geopolitical Forecast.

2026 Third-Quarter Forecast Webcast

U.S.-Iran Relations

Belarus

An officer of the State Border Guard Service of Ukraine stands on a destroyed bridge over the Dnipro River, which forms the state border between Ukraine and Belarus, on June 1, 2026.

The threat of Ukrainian retaliatory strikes and Belarus's limited offensive capabilities will likely keep Minsk from directly entering the conflict, but the country will remain a critical base for Russian military pressure against Ukraine and NATO.

Despite Russian Pressure, Belarus Remains Unlikely to Join the Ukraine War

Sub-Saharan Africa

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South Asia

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Environment, Science & Technology

Social Issues

A fragile truce in the Middle East, persistent energy-driven inflation, shifting U.S. trade policy and escalating regional pressures from Europe to Africa will collectively shape geopolitical risk in the third quarter.

2026 Third-Quarter Forecast: An Excerpt

Botswana

Lesotho

Namibia

South Africa

Eswatini

Colombia

Vessels at anchorage June 18 in Bandar Abbas, Iran, along the Strait of Hormuz. The U.S.-Iran memorandum of understanding signed June 17 is highly likely to remain in effect over the coming week, and negotiations toward a final deal will begin.

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: U.S. and Iranian Talks, Colombia's Presidential Runoff

A Ukrainian flag flies in Riga, Latvia, on May 18, 2026.

Even a sustainable peace settlement would leave Kyiv grappling with a $600 billion reconstruction bill, demanding high levels of foreign direct investment and stringent governance reforms.

Ukraine's Defense Will Continue To Strain Government Finances

United Kingdom

Poland

Britain's Prime Minister Keir Starmer and Poland's Prime Minister Donald Tusk attend a signing ceremony of a UK-Poland defence and security treaty at the Battle of Britain Bunker on May 27 in London, England.

Concerned about the reliability of the United States' security commitments, European nations are increasingly relying on bilateral defense agreements to secure their strategic interests and deter Russian aggression.


U.K. and Poland Hedge Against Transatlantic Uncertainty With Bilateral Treaty

Technicians work at the main blast furnace at the Zaporizhstal Iron and Steel Works on Feb. 12, 2024 in Zaporizhzhia, Ukraine.

Part two of this report examines how either a comprehensive peace agreement or a severe escalation of the war would affect Ukraine's investment climate.



Russia-Ukraine Conflict

SITUATION REPORTS

Russia, Ukraine: Strikes on Russian Online Retailer Drag Russia's Consumer Economy Into the War

Ukraine: Zelensky Meets His Top Brass, Denying His Army Chief Is Out

Ukraine, EU: Drone Deal Will Expand Production and Scale Combat-Tested Technology

Ukraine, Europe: Paris Summit Deepens Kyiv's Long-Term Defense Ties With Europe

Ukraine: Zelensky Announces Cabinet Reshuffle Ahead of Winter

Europe, Ukraine: Coalition of the Willing Meets in Paris, Set To Declare Postwar Force Ready

Russia, Ukraine: Kremlin Says Ukrainian Strikes Could Prolong War, Not End It

Russia, Ukraine: Another Deadly Strike on Kyiv Points to Hardening Kremlin War Line

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