Russia has significantly intensified its ballistic and hypersonic missile campaign against Ukraine, marking a notable escalation in the conflict's tactical posture.
On June 2, Moscow launched what is being described as the largest such attack of the year, followed by a near-record barrage on June 15.
These strikes represent a departure from previous patterns, suggesting a strategic pivot by the Kremlin to exploit perceived vulnerabilities in Ukraine's air defense systems.
The shift toward high-volume ballistic and hypersonic weaponry carries implications beyond the immediate battlefield.
For markets, the escalation reinforces the persistent risk premium embedded in European energy and defense sectors.
While no specific price moves were recorded in the immediate aftermath of the June 15 strike, the pattern of intensified attacks keeps pressure on risk sentiment, particularly for assets exposed to Eastern European supply chains and geopolitical instability.