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Will Ukraine's 'long-range sanctions' decide the war?

The Russian drone and missile attacks on Kyiv in early July 2026 were the largest such state terrorist attacks to date against civilian infrastructure in the Ukrainian capital. Yet, these acts by the Kremlin do little to change the overall picture of the war. In contrast, the recent Ukrainian strikes on Russian energy facilities in St. Petersburg, Moscow, and elsewhere have altered the global perception of the Russia-Ukraine war. This is especially true for ordinary Russians and observers outs

A plume of black smoke rises over the port of Saint Petersburg, Russia, following a Ukrainian drone attack on June 3, 2026.

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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