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Russia-Ukraine Conflict

The United Kingdom, France and Germany, known as the E3, plan to use meetings with U.S. President Donald Trump at the Group of Seven summit on June 15-17 to seek U.S. backing for a Russia-Ukraine ceasefire proposal that would use the current front line as the starting point for negotiations and include robust security guarantees for Ukraine, Bloomberg reported on June 11.

EU, Russia, Ukraine: Europe Sees Narrow Opening for Ukraine Talks as Russia Targets Kostiantynivka

Ukrainian forces struck several facilities at the Russian-occupied port of Mariupol, leaving the port without power and significantly limiting its use as a logistics hub, Reuters reported June 10.

Ukraine, Russia: Ukraine Expands Strikes on Russia's Southern Logistics Belt

A car bomb killed the driver of a BMW X3 in Balashikha, a Moscow suburb with a large military-linked residential community, Kommersant reported on June 9.

Russia: Balashikha Car Bombing Exposes Threat to Moscow's Military Elite

Russian President Vladimir Putin dismissed Ukrainian President Volodymyr Zelensky's open letter proposing a personal meeting and ceasefire, saying he saw no point in a meeting without comprehensive, long-lasting agreements, TASS reported on June 5.

Russia, Ukraine: Putin Dismisses Zelensky Meeting Proposal, Keeps Demands Intact

Ukrainian President Volodymyr Zelensky said Ukraine's stepped-up strikes deep inside Russia will enable Kyiv to negotiate the end of the war on equal footing with Moscow, Reuters reported on June 3.

Russia, Ukraine: Zelensky Says Ukrainian Deep Strikes Are Improving Kyiv's Negotiating Position

Economics

Ukrainian long-range drones struck oil storage facilities in St. Petersburg, Russia, early on June 3, hours before the opening of the St. Petersburg International Economic Forum, Ukrainian President Volodymyr Zelensky confirmed on his Telegram channel that day. 

Russia, Ukraine: Ukrainian Drones Strike St. Petersburg as Economic Forum Opens

Russia launched a barrage of hundreds of drones and dozens of missiles at Ukraine overnight, killing at least 18 people and injuring dozens in strikes on Kyiv, Dnipro, Zaporizhzhia, Poltava and Kharkiv, The Guardian reported on June 2.

Ukraine, Russia: Russian Missile Strikes Test Ukraine's Civilian Resilience

In an interview with CBS's Face the Nation, Ukrainian President Volodymyr Zelensky said Ukraine needs to find a diplomatic path to talks before winter, arguing that Russia began losing the battlefield initiative in December 2025, CBS reported on May 31.

Ukraine, Russia, U.S.: Zelensky Calls for Renewed Talks Before Winter

Assessments

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

Snapshots

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.



Scenarios for the Future of Foreign Investment in Ukraine, Part 2

An employee assembles a long-range drone in a workshop of the Fire Point company, which manufactures FP-1 deep-strike drones and FP-2 strike drones, Jan. 29 in an undisclosed location in Ukraine.

This two-part report outlines how the trajectory of the war with Russia will act as the ultimate determinant of capital allocation and economic recovery in Ukraine.

Scenarios for the Future of Foreign Investment in Ukraine, Part 1

A view taken on Dec. 13, 2023, shows pumping units at the grounds of a fuel tank farm of Russia's oil pipeline giant Transneft.

Energy

The intensifying drone strikes are unlikely to trigger an oil sector crisis or alter Moscow's war calculus, but they will financially drain Russian oil companies, even as high prices buoy the Kremlin's revenues.

Assessing the Impact of Ukrainian Strikes on Russia's Oil Sector

Europe

EU and Ukrainian flags fly outside the European Commission headquarters on Feb. 23, 2025, in Brussels, Belgium.

While a European mediator may unblock frozen peace talks, a durable peace settlement remains unlikely until both Russia and Ukraine conclude that continued war is more costly than compromise.

The Limited Promise of EU Mediation in Ukraine Peace Talks

Russian officers patrol central Moscow on May 5, 2026, in front of the Kremlin, a few days ahead of the Victory Day military parade, to be held at Red Square on May 9. 

While Ukraine is unlikely to attack Moscow during the May 9 parade, its expanding long-range strike capabilities will steadily increase the war's political, economic and psychological toll on Russia ahead of the September elections.

Ukrainian Strikes Put Russia on Edge Ahead of Victory Day Parade

Lithuania

Latvia

Estonia

Eurasia

A soldier from the "Taifun" unmanned aerial vehicle unit prepares a new strike drone for flight on April 7, 2026 in Ukraine. 

Although Moscow is threatening retaliation against Baltic states over supposed involvement in Ukraine's drone attacks on Russian energy infrastructure, the Kremlin will not risk a direct military confrontation with NATO.


Direct NATO-Russia Confrontation in the Baltic Unlikely, Despite Ukrainian Strikes on Russian Energy Infrastructure 

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The second quarter will test global resilience as lingering conflicts and energy shocks converge to heighten economic uncertainty and geopolitical volatility.

2026 Second-Quarter Forecast: An Excerpt

Iran

Israel

Denmark

Italy

The European Parliament building in 2019 in Strasbourg, France. Parliament is set to hold a plenary vote March 26 on implementing the 2025 EU‑U.S. trade framework agreement.

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

The Weekly Rundown: A Vote on the EU‑U.S. Trade Framework, the Iran Conflict Continues

U.S.-Iran Relations

Russian President Vladimir Putin holds a meeting in Moscow on the global oil and gas market situation on March 9, 2026.

The current surge in demand for Russian oil will likely be short-lived, but weaker sanctions enforcement and higher energy prices could nonetheless buoy Moscow's capacity to fund its war in Ukraine.

Russia-Ukraine Conflict

SITUATION REPORTS

EU, Russia, Ukraine: Europe Sees Narrow Opening for Ukraine Talks as Russia Targets Kostiantynivka

Ukraine, Russia: Ukraine Expands Strikes on Russia's Southern Logistics Belt

Russia: Balashikha Car Bombing Exposes Threat to Moscow's Military Elite

Russia, Ukraine: Putin Dismisses Zelensky Meeting Proposal, Keeps Demands Intact

Russia, Ukraine: Zelensky Says Ukrainian Deep Strikes Are Improving Kyiv's Negotiating Position

Russia, Ukraine: Ukrainian Drones Strike St. Petersburg as Economic Forum Opens

Ukraine, Russia: Russian Missile Strikes Test Ukraine's Civilian Resilience

Ukraine, Russia, U.S.: Zelensky Calls for Renewed Talks Before Winter

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