In this episode of The PDB Afternoon Bulletin:

Russia’s oil sector is taking heavy hits on two fronts. Ukrainian drones are striking deep inside the country, while new U.S. sanctions are cutting off key buyers in India and China. We’ll explain why this dual pressure is becoming a serious problem for Moscow’s war economy.

Germany is preparing to lift its freeze on arms exports to Israel, saying the Gaza ceasefire has stabilized enough to reverse restrictions imposed during the height of the conflict.

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