Russian industrial sites on fire after Ukrainian drone attacks

Core Impact Points

• Ukrainian drone attacks have hit industrial facilities in Russia's western city of Ryazan, causing several to catch fire and forcing major retailer Wildberries to evacuate its local warehouses.
• The attacks have damaged at least seven Wildberries warehouses, destroying about 10% of the company's storage capacity and disrupting operations.
• The conflict has led to a fall in oil and grain supplies in the region, with Ukraine and Russia targeting vessels in the Black Sea and the Sea of Azov.
• Ukraine's new Acting Defence Minister Yevhenii Khmara said the country cannot go 'punch for punch' when confronting Russia militarily but must use resources carefully and act in an 'asymmetric' fashion.
• Ukrainian President Volodymyr Zelenskyy met with US President Donald Trump in Washington, DC, discussing plans for Ukraine to produce Patriot missile interceptors and revive peace talks with Russia.
• The conflict has significant implications for the global economy, particularly in the US market, where Wildberries has a significant presence and supplies goods to tens of thousands of small businesses.