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Welcome to the Ukraine Bulletin, your investor-focused briefing on the latest geopolitical, military, economic, and business developments in Ukraine.

In this episode we analyze critical updates shaping Ukraine’s investment landscape:

• Trump-Putin Phone Call

President Donald Trump had a two-hour phone call with Putin on May 19th, which he described as going “very well” and claimed it would immediately lead to direct negotiations between Russia and Ukraine for a ceasefire.

• Sanctions Showdown Secretary Rubio warns Russia of new U.S. sanctions if it doesn’t compromise, as Trump prepares to call Putin. Russia’s massive drone strike heightens tensions.
• Ukraine Fortifies Ukraine strengthens defenses in Donetsk and Kursk, while Western allies deliver new military aid, including Italy’s M113s, Denmark’s $600 million, France’s Caesar systems, and Australia’s Abrams tanks.
• Russia’s Offensive Ramps Up Russia pushes its offensive in Donetsk, threatening supply lines and urban areas, as Ukraine counters with strategic defensive moves.
• Regional Stability Romania’s pro-Ukraine president and Poland’s election dynamics signal continued support.

Referenced Sources:

• New York Times - Trump Administration Live Updates: Trump-Putin Call Appears to Yield No Breakthrough on Ukraine (nytimes.com)
• Pravda – U.S. Sanctions Warning (pravda.com.ua)
• DW – Istanbul Talks Critique (dw.com)
• CBS News – Zelenskyy’s Vatican Visit (cbsnews.com)
• NPR – Polish and Romanian Elections (npr.org)
• GUR – Russian ICBM Launch Plan (gur.gov.ua)
• Militarnyi – Italian M113s (militarnyi.com)
• Kyiv Independent – Danish Aid (kyivindependent.com)
• Le Monde – French Defense Production (lemonde.fr)
• ABC News – Australian Tanks (abc.net.au)
• ISW – Russian Offensive Assessment (understandingwar.org)

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