Russia unleashed a massive wave of 89 Shahed-type attack drones against Ukraine overnight on June 22, according to Ukraine's Air Force.
The barrage resulted in significant casualties, with regional authorities reporting at least 10 deaths and 48 injuries across multiple locations.
Air defenses intercepted 79 of the incoming drones, but nine managed to strike targets in six different areas, including a devastating hit in Sumy Oblast that killed a family.
The intensity of the overnight assault highlights the continued volatility of the conflict, which remains a primary driver of geopolitical risk premiums in global markets.
While the immediate market impact was muted in the session, the persistent threat to infrastructure and civilian areas keeps a lid on risk appetite, particularly for European equities and energy commodities.
Investors are closely monitoring whether such large-scale attacks will disrupt energy flows or trigger further Western military aid packages.