Latest attacks
Ukrainian officials report that Russia has carried out a large-scale attack using missiles and drones against multiple parts of the country, with President Zelenskyy indicating that at least eight regions were hit. While detailed damage assessments are ongoing, the strikes continue a pattern of periodic barrages aimed at infrastructure and urban centres. ## Financing Ukraine's defence
Four years into the full-scale invasion, assessments by European analysts suggest that Ukraine will need on the order of 100 billion dollars in combined military and financial support in 2026 to sustain its war effort and basic state functions. EU leaders have agreed to extend substantial loans over the next two years, and NATO's mechanism for prioritising Ukrainian equipment needs remains heavily dependent on US and European funding. ## Wider effects
The prolonged conflict is reshaping European defence postures, industrial policy, and debates over using frozen Russian assets, while keeping energy and food security risks elevated for import-dependent countries. For economies such as Nepal, global commodity price swings and shifts in European labour demand can indirectly affect remittance flows and inflation.