Massive Russian strikes on Ukraine ahead of the NATO summit heighten geopolitical risk and threaten energy and defense markets

Russian forces launched a extensive missile and drone strike on Kyiv and several other Ukrainian cities shortly after President Zelensky’s pre‑summit warning of a major attack. The barrage amplifies geopolitical tensions ahead of the NATO summit, threatens Ukrainian grain and energy exports, and drives immediate demand for humanitarian aid and reconstruction financing. [object Object] Further Russian bombardments are expected in the next 48 hours as Moscow seeks to pressure Kyiv before the summit.,NATO leaders will likely issue a joint statement reinforcing collective defense and may agree on accelerated defense‑spending commitments.,Ukraine will press Western partners for additional air‑defense systems and financial support for reconstruction.,Diplomatic contacts, possibly involving former US President Trump, may explore cease‑fire or de‑escalation options on the summit sidelines. Just before the NATO summit in Ankara, Ukrainian President Volodymyr Zelensky warned of imminent large‑scale Russian attacks; overnight Russia responded with a barrage of missiles and drones that hit Kyiv and other urban centres. The assault underscores the immediacy of the threat to Ukrainian civilians and raises the prospect of wider regional instability, which in turn triggers market reactions in commodities, defense stocks and insurance exposures. While the attack itself is a military development, its economic repercussions are already being felt through spikes in energy prices and increased expectations of higher NATO defense spending.

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