Russian military pressure on Kyiv has intensified, with residents facing a daily routine of air strikes and power outages as winter approaches.
The escalation marks a significant shift in the conflict's dynamics, raising concerns about the stability of critical infrastructure in the Ukrainian capital.
The renewed intensity follows a massive air strike earlier in the week that targeted the city, setting a historic monastery ablaze and leaving more than 100,000 residents without power.
Authorities confirmed five injuries in that incident, underscoring the human cost of the ongoing campaign.
For markets, the escalation reinforces geopolitical risk premiums.
Energy traders are closely monitoring the situation for any signs of broader supply disruptions, particularly as fuel shortages in Russia have intensified to the point where residents in Moscow are queuing for gasoline.