Budapest Called Off, Sanctions Land on Russian Oil, and Ukraine goes Swedish

No summit. No Tomahawks. But new sanctions, Storm Shadows, and Sweden’s biggest jet export in decades. Dive into today’s 5-minute Ukraine Bulletin — where geopolitics, pressure, and pivots take center stage.Powered by the Pravo Intelligence Hub Welcome to the Ukraine Bulletin — your investor-focused briefing on the latest geopolitical, military, economic, and defense developments in Ukraine.In this episode:No Budapest Summit: After pulling Tomahawks off the table, Trump says the timing “isn’t right” for a summit with Putin. The Kremlin walks too.Storm Shadows Unleashed: The U.S. quietly greenlights long-range missile strikes inside Russia by shifting control to EUCOM.Heavy Sanctions Land: The U.S. sanctions Rosneft and Lukoil; the EU rolls out its 19th Russia package. Meanwhile, U.S. Senators introduce a bill to label Russia a State Sponsor of Terrorism if it doesn’t return 20,000 abducted children.Gripen Goes to Kyiv: Ukraine signs a letter of intent to buy 150 Gripen E jets. A new era for Sweden’s fighter and European defense autonomy.Referenced Sources“Trump pulls back on Budapest summit with Putin” (politico.com)“Trump says Ukraine can’t use Tomahawks yet due to training needs” (foxnews.com)“Storm Shadow strikes inside Russia now authorized under EUCOM, not Pentagon” (wsj.com)“US sanctions Rosneft, Lukoil over war funding” (reuters.com)“EU adopts 19th sanctions package on Russia, targeting LNG, oil tankers, and crypto” (euractiv.com)“US Senate advances three new Russia sanctions bills” (thehill.com)“Senate gives Russia 60 days to return abducted children or face terror designation” (cnn.com)“Ukraine and Sweden sign agreement for Gripen fighter jets” (kyivindependent.com)“Why the Gripen is made for Ukraine’s conditions” (defensenews.com)“Denmark switches to SAMP/T system, drops Patriot over Arctic tensions” (euronews.com)“Canada reconsiders F-35 purchase, looks to European options” (cbc.ca)