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What 30 years in Ukraine taught one of its biggest investors

As the Ukrainian business community prepares for its biggest annual event — the Ukraine Recovery Conference, this year taking place in Gdansk — foreign investment in the country is once again set to be a central topic. Russia’s full-scale invasion has brought unprecedented attention to Ukraine, not only because of the war, but also as the West, particularly Europe, has come to better understand the country and the role it can play in its economy. That attention, however, has not translated int

Tomas Fiala, CEO and founder of Dragon Capital, at the company's office in Kyiv, Ukraine on June 15, 2026.

'They attack with everything at once' — How Russia exploits Ukraine's vulnerability to ballistic missiles

On June 2, Russia carried out its largest ballistic and hypersonic missile attack of the year. On June 15, it nearly surpassed that record. The attacks point to a disturbing change in tactics: The Kremlin may be refining a new model of strikes on Ukrainian cities, relying on concentrated salvos of ballistic and hypersonic missiles to inflict maximum damage as Ukraine faces a growing shortage of Patriot interceptors. The two mass strikes in June followed a similar pattern. Russia launched more

An explosion lights up the sky during a Russian drone and missile attack in Kyiv, Ukraine, on June 2, 2026.

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Key developments on June 19: * Kyiv targets Moscow for second day in a row following record drone assault; * Moscow Oil Refinery halts operations after largest-ever drone attack on Russian capital, General Staff says; * US senators propose using frozen Russian assets to support Ukraine's military; * Australia announces $70 million in arms funding for Ukraine through PURL initiative; * Western allies pledge $4 billion in military aid for Ukraine at Ramstein summit. Moscow came under attack

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