Overview

• President Trump set a 50-day deadline on July 14 for Russia to agree to a peace deal with Ukraine or face up to 100% secondary tariffs targeting Russia and its trading partners.
• Russian forces captured Novoekonomichne and pushed near Kupiansk in the Donetsk and Kharkiv regions as part of a summer offensive to envelop key logistics hubs.
• Moscow rebuffed Ukraine’s full ceasefire proposal at the third Istanbul round on July 23 and shows no sign of negotiating under current terms.
• Kyiv has seen protests over restrictions on anti-corruption agencies and a mid-July government reshuffle that critics say concentrates power with President Zelenskyy.
• U.S. officials are considering accelerating secondary sanctions and NATO allies are debating financing additional U.S.-made arms for Ukraine as President Erdogan offers to broker Trump-Putin talks.