Ukraine War & Energy Shock: Ukraine’s long-range drones hit Russian oil and petrochemical assets during Russia Day, forcing cancellations and adding to fuel-station shortages in Crimea while Russia reports intercepting hundreds of drones. Oil Exports Under Pressure: Reuters calculations say Russia cut western crude exports to about 1.7m bpd in June from 2.5m in May as strikes, fuel shortages and lower output bite. Sanctions & Crypto Evasion: The EU is preparing a 21st package targeting Russian banks and crypto platforms in third countries, including Georgia-linked services, as Brussels tries to tighten sanctions workarounds. Russia Day Politics: Russia’s national holiday on June 12 came amid drone attacks and intensified rhetoric from Moscow, including warnings against Arctic militarization. India’s Energy Balancing: Jaishankar defended India’s Russian oil purchases on cost and availability, calling Western sanctions and tariffs inconsistent. Global Energy Realignment: A push for Russia-China parallel energy supply is framed as a dollar-bypass strategy, with Power of Siberia 2 and LNG flows cited as pressure on US exporters. Regional Trade Corridors: Kyrgyz and Georgian leaders in Bishkek spotlight the Middle Corridor and new rail links to boost Eurasian transit and air ties. SPIEF & Global South: Indian lawmakers praised Russia’s SPIEF for giving the Global South more influence in global forums. Asset Nationalization: Russia confiscated about 550bn rubles ($7.6bn) tied to jailed agribusiness billionaire Vadim Moshkovich, underscoring a wider state takeover drive.