Ukraine recapture of crimeaUkrainian drones have reportedly attacked targets within Russia and the Russian-occupied region of Crimea, while Russia has launched missile strikes on Kyiv, according to the Kyiv Post. AdvertisementKey TakeawaysUkrainian drone attacks on Russia and Crimea appear to represent an escalation in Ukraine’s military efforts. Market pricing suggests a slight decrease in confidence regarding Ukraine’s recapture of Crimea scenario. Ongoing missile attacks by Russia indicate a persistent threat to Ukrainian targets, impacting market perceptions. The behavior of key actors such as President Volodymyr Zelenskyy and Commander-in-Chief Oleksandr Syrskyi will be crucial in assessing Ukraine’s military momentum.