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Key Indicators
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21 key official events ahead
July 2026
Parliament
Verkhovna Rada vote — martial law and mobilization extension

Parliament must extend martial law and general mobilization before the current 90-day period expires on 2 August 2026; the vote is taken in the days beforehand. (Provisional date within the late-July window.)

Central Bank
NBU key policy rate decision (July)

Scheduled NBU Board monetary policy meeting; decision and press briefing at 14:00 Kyiv time. A quarterly 'forecast' meeting accompanied by a new Inflation Report. Key rate currently 15%.

August 2026
Statistics
NBU Inflation Report (Q3) publication

Quarterly macroeconomic forecast and Inflation Report accompanying the July key-rate decision, published per the official monetary-policy publications schedule.

Statistics
Derzhstat CPI release — July 2026 inflation

Monthly Consumer Price Index release covering July 2026 (~9th-10th of the month). Provisional exact day.

September 2026
Parliament
Verkhovna Rada opens autumn session (Ninth convocation)

Parliament's autumn session opens on the first Tuesday of September, as fixed by Article 83 of the Constitution. First plenary sittings set the autumn legislative agenda (budget 2027, mobilization, EU-accession laws).

Statistics
Derzhstat CPI release — August 2026 inflation

Monthly Consumer Price Index release covering August 2026 (~9th-10th of the month). Provisional exact day.

Other
IMF Executive Board — second review of EFF arrangement

Second review of the 48-month US$8.1bn EFF approved 26 Feb 2026, expected on or after 1 September 2026; completion would release a further 2026 tranche (the programme envisages about US$3.8bn across 2026). (Provisional — exact Board date depends on the staff mission and benchmarks.)

Central Bank
NBU key policy rate decision (September)

Scheduled NBU Board monetary policy meeting; decision and press briefing at 14:00 Kyiv time. An interim 'risk-assessment' meeting (no new full forecast).

October 2026
Statistics
Derzhstat CPI release — September 2026 inflation

Monthly Consumer Price Index release covering September 2026 (~9th-10th of the month). Provisional exact day.

Parliament
Verkhovna Rada vote — martial law and mobilization extension

Next 90-day extension of martial law and general mobilization, voted before the period that began 2 August 2026 lapses (~late October / early November). (Provisional date within the window.)

Central Bank
NBU key policy rate decision (October)

Scheduled NBU Board monetary policy meeting; decision and press briefing at 14:00 Kyiv time. A quarterly 'forecast' meeting accompanied by a new Inflation Report.

November 2026
Statistics
NBU Inflation Report (Q4) publication

Quarterly macroeconomic forecast and Inflation Report accompanying the October key-rate decision, published per the official monetary-policy publications schedule.

Statistics
Derzhstat CPI release — October 2026 inflation

Monthly Consumer Price Index release covering October 2026 (~9th-10th of the month). Provisional exact day.

December 2026
Statistics
Derzhstat CPI release — November 2026 inflation

Monthly Consumer Price Index release covering November 2026 (~9th-10th of the month). Provisional exact day.

Central Bank
NBU key policy rate decision (December)

Final scheduled NBU Board monetary policy meeting of 2026; decision and press briefing at 14:00 Kyiv time. An interim 'risk-assessment' meeting closing out the year.

January 2027
Statistics
Derzhstat CPI release — December 2026 inflation (full-year)

Monthly Consumer Price Index release covering December 2026, giving full-year 2026 inflation (~9th-11th of January). Provisional exact day.

Central Bank
NBU key policy rate decision (January) — provisional

First NBU Board monetary policy meeting of 2027, a quarterly forecast meeting with a new Inflation Report. (Provisional — the NBU had not yet published its 2027 meeting calendar; date estimated from the usual late-January Thursday slot.)

February 2027
Parliament
Verkhovna Rada opens spring session (Ninth convocation)

Parliament's spring session opens on the first Tuesday of February per Article 83 of the Constitution. (Provisional — exact opening sitting depends on the published 2027 sessional calendar.)

March 2027
Central Bank
NBU key policy rate decision (March) — provisional

Interim 'risk-assessment' NBU Board monetary policy meeting. (Provisional — 2027 calendar not yet published; date estimated from the typical mid-March Thursday slot.)

April 2027
Central Bank
NBU key policy rate decision (April) — provisional

Quarterly forecast NBU Board meeting with a new Inflation Report; markets watch for the start of the easing cycle (the NBU signalled no cuts before Q2 2027). (Provisional — 2027 calendar not yet published; date estimated from the typical late-April Thursday slot.)

June 2027
Central Bank
NBU key policy rate decision (June) — provisional

Interim 'risk-assessment' NBU Board monetary policy meeting. (Provisional — 2027 calendar not yet published; date estimated from the typical mid-June Thursday slot.)

Ukraine

Recent events

24
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ua48

Blockade of Russian-Occupied Oleshky Enters Second Month as Humanitarian Crisis Worsens

Background: Civilians in Russian-occupied Oleshky, Ukraine, have been trapped by mines, destroyed bridges, and crossfire, facing severe shortages of food and medicine since early 2026. As of late June 2026, the blockade has entered its second month with no vehicles entering or leaving since May 26. Residents have exhausted food stocks and now barter for basic supplies; staple foods like potatoes and eggs are scarce and expensive. The only pharmacy at the local hospital has run out of essential drugs, electricity is cut off, and fuel for generators is unavailable. The hospital morgue was destroyed by shelling, forcing bodies to be stored in a basement; Russian occupation authorities prohibit burial of drone strike victims without forensic exams in another town, which is impossible under current conditions. Stray dogs have begun feeding on human remains left in the streets. Residents cannot access bank accounts because cash withdrawals require leaving the town, which is nearly impossible due to shelling, drone attacks, and landmines. Russian troops continue to shelter in civilian homes, sometimes disguising themselves in civilian clothing. The UN Human Rights Monitoring Mission in Ukraine documented at least 29 civilians killed and 54 wounded in Oleshky and nearby Hola Prystan in 2026 alone, mostly from short-range drone attacks, though it could not attribute responsibility. Ukraine and Russia discussed a possible localized ceasefire for evacuations, but no agreement was reached.

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Background: Civilians in Russian-occupied Oleshky, Ukraine, have been trapped by mines, destroyed bridges, and crossfire, facing severe shortages of food and medicine since early 2026. As of late June 2026, the blockade has entered its second month with no vehicles entering or leaving since May 26. Residents have exhausted food stocks and now barter for basic supplies; staple foods like potatoes and eggs are scarce and expensive. The only pharmacy at the local hospital has run out of essential drugs, electricity is cut off, and fuel for generators is unavailable. The hospital morgue was destroyed by shelling, forcing bodies to be stored in a basement; Russian occupation authorities prohibit burial of drone strike victims without forensic exams in another town, which is impossible under current conditions. Stray dogs have begun feeding on human remains left in the streets. Residents cannot access bank accounts because cash withdrawals require leaving the town, which is nearly impossible due to shelling, drone attacks, and landmines. Russian troops continue to shelter in civilian homes, sometimes disguising themselves in civilian clothing. The UN Human Rights Monitoring Mission in Ukraine documented at least 29 civilians killed and 54 wounded in Oleshky and nearby Hola Prystan in 2026 alone, mostly from short-range drone attacks, though it could not attribute responsibility. Ukraine and Russia discussed a possible localized ceasefire for evacuations, but no agreement was reached.

ua46

Russian strikes kill five in Donetsk and Zaporizhzhia; Ukraine hits Russian oil infrastructure

Russian forces conducted deadly aerial bombardments in Donetsk and Zaporizhzhia oblasts, killing at least five civilians, including a 14-year-old boy in Kramatorsk. Ukrainian drone strikes targeted oil infrastructure and a refinery in Krasnodar Krai, as well as a fuel depot in Rostov Oblast. A Paris summit of the 'coalition of the willing' is planned with 25 leaders to support Ukraine.

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Russian forces conducted deadly aerial bombardments in Donetsk and Zaporizhzhia oblasts, killing at least five civilians, including a 14-year-old boy in Kramatorsk. Ukrainian drone strikes targeted oil infrastructure and a refinery in Krasnodar Krai, as well as a fuel depot in Rostov Oblast. A Paris summit of the 'coalition of the willing' is planned with 25 leaders to support Ukraine.

ua45

Russian airstrikes kill four in Kramatorsk, including two teenage siblings

On July 10, Russian forces launched seven airstrikes on Kramatorsk and the village of Bilenke in Donetsk Oblast, Ukraine, using FAB-250 glide bombs. The strikes hit apartment buildings and private homes, killing four civilians, including an 18-year-old woman and her 14-year-old brother, and wounding nine others aged 35 to 75. Ukrainian prosecutors have opened a war crime investigation under Article 438 of the Criminal Code. This attack underscores the continued targeting of civilian areas in the frontline city.

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On July 10, Russian forces launched seven airstrikes on Kramatorsk and the village of Bilenke in Donetsk Oblast, Ukraine, using FAB-250 glide bombs. The strikes hit apartment buildings and private homes, killing four civilians, including an 18-year-old woman and her 14-year-old brother, and wounding nine others aged 35 to 75. Ukrainian prosecutors have opened a war crime investigation under Article 438 of the Criminal Code. This attack underscores the continued targeting of civilian areas in the frontline city.

ua44

Russia's 2026 large-scale offensive fails to achieve objectives, Syrskyi reports

Ukraine's Commander-in-Chief Oleksandr Syrskyi reported that Russia's large-scale offensive in the first half of 2026 failed to achieve any of its objectives despite a nearly twofold advantage in personnel and equipment. The number of active Russian assault axes narrowed from 13 to 6-7, territorial gains more than halved, and Russian casualties averaged 32,000 killed and wounded per month. Ukraine's long-range strike campaign hit 697 targets inside Russia, causing $6.1 billion in damage. Syrskyi also ordered troop rotations every 60 days and noted a 12% decline in military offenses. The assessment aligns with statements by President Zelensky and US Vice President Vance, though Russia reportedly still aims to capture Donetsk region by year-end.

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Ukraine's Commander-in-Chief Oleksandr Syrskyi reported that Russia's large-scale offensive in the first half of 2026 failed to achieve any of its objectives despite a nearly twofold advantage in personnel and equipment. The number of active Russian assault axes narrowed from 13 to 6-7, territorial gains more than halved, and Russian casualties averaged 32,000 killed and wounded per month. Ukraine's long-range strike campaign hit 697 targets inside Russia, causing $6.1 billion in damage. Syrskyi also ordered troop rotations every 60 days and noted a 12% decline in military offenses. The assessment aligns with statements by President Zelensky and US Vice President Vance, though Russia reportedly still aims to capture Donetsk region by year-end.

ua43

Ukraine reports 233 combat clashes in single day across front line

The Ukrainian General Staff reported 233 combat engagements on July 9, with Russian forces conducting 57 airstrikes, 167 guided bombs, and over 6,000 drone attacks. Heavy fighting occurred on the Pokrovsk, Lyman, and Kostiantynivka axes. Ukrainian forces reported destroying 151 UAVs and inflicting significant Russian casualties, particularly near Pokrovsk where 54 Russian soldiers were killed. The report highlights the sustained intensity of Russia's offensive operations.

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The Ukrainian General Staff reported 233 combat engagements on July 9, with Russian forces conducting 57 airstrikes, 167 guided bombs, and over 6,000 drone attacks. Heavy fighting occurred on the Pokrovsk, Lyman, and Kostiantynivka axes. Ukrainian forces reported destroying 151 UAVs and inflicting significant Russian casualties, particularly near Pokrovsk where 54 Russian soldiers were killed. The report highlights the sustained intensity of Russia's offensive operations.

ua43

Russian glide bomb attack on central Zaporizhzhia kills one, injures 16

Russian forces struck central Zaporizhzhia with three glide bombs, one of which failed to explode. Two direct hits partially destroyed an administrative building and damaged 15 private homes. A police officer was killed, and 16 people were injured, including a six-year-old boy with an acute stress reaction. Bomb disposal and search-and-rescue operations are ongoing.

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Russian forces struck central Zaporizhzhia with three glide bombs, one of which failed to explode. Two direct hits partially destroyed an administrative building and damaged 15 private homes. A police officer was killed, and 16 people were injured, including a six-year-old boy with an acute stress reaction. Bomb disposal and search-and-rescue operations are ongoing.

ua41

Zelensky says China issued ultimatum to Russia against nuclear use in Ukraine

Ukrainian President Volodymyr Zelensky stated that China has for the first time responded harshly and unequivocally to Russian nuclear rhetoric, delivering an ultimatum rejecting any discussion of nuclear weapons use. Zelensky made the remarks based on conversations European leaders had with Chinese officials at the NATO summit in Ankara, and also discussed China's role in the war with US President Donald Trump. The development marks a notable shift in Beijing's public stance on the conflict.

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Ukrainian President Volodymyr Zelensky stated that China has for the first time responded harshly and unequivocally to Russian nuclear rhetoric, delivering an ultimatum rejecting any discussion of nuclear weapons use. Zelensky made the remarks based on conversations European leaders had with Chinese officials at the NATO summit in Ankara, and also discussed China's role in the war with US President Donald Trump. The development marks a notable shift in Beijing's public stance on the conflict.

ua40

Fire at Moscow oil refinery after overnight drone attack on capital

Background: Ukrainian drone strikes in June 2026 damaged both main processing units at the Moscow Oil Refinery in Kapotnya, knocking it offline for at least six months, potentially until early 2027. The refinery supplies about a third of Moscow's fuel. New development: On July 10, 2026, a fire broke out at the same refinery after at least 14 drones attacked Moscow overnight. Mayor Sobyanin said all drones were shot down, but thick black smoke was seen rising from the plant. Domodedovo Airport temporarily suspended flights. The attack marks the third drone strike on the refinery in less than a month, and full operations are unlikely to resume until at least 2027.

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Background: Ukrainian drone strikes in June 2026 damaged both main processing units at the Moscow Oil Refinery in Kapotnya, knocking it offline for at least six months, potentially until early 2027. The refinery supplies about a third of Moscow's fuel. New development: On July 10, 2026, a fire broke out at the same refinery after at least 14 drones attacked Moscow overnight. Mayor Sobyanin said all drones were shot down, but thick black smoke was seen rising from the plant. Domodedovo Airport temporarily suspended flights. The attack marks the third drone strike on the refinery in less than a month, and full operations are unlikely to resume until at least 2027.