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Russian Attack On Arms Expo Near Kiev Kills 10, Just After Zelensky Hosts Raytheon Execs
Russia just escalated against Western backers of Ukraine in a big way. On Friday a major Russian missile strike was carried out in Kyiv Oblast where representatives of Ukraine's defense industry had gathered for a demonstration event.
These types of defense tech gatherings occur semi-frequently, are somewhat secretive, and typically involve American and European defense companies demonstrating new weapons systems, particularly in the realm of drone warfare. These events also sometimes involve the Ukrainians showing off their own advancing capabilities to international customers.
Handout image of defense expo strike aftermath.So bottom line is that in targeting the event, Russia is strongly signaling it is willing to strike locations known to potentially have Western officials present. It may be lashing out after the US reportedly agreed (tentatively at least) to give Ukraine licensing rights to produce its own Patriot missile defense shield.
The Friday ballistic missile strike near the Ukrainian capital killed 10 people and injured almost 100 others.
The timing is interesting given the attack came a mere day President Volodymyr Zelensky met nearby with with senior representatives of Raytheon, the US company that produces Patriot air defense systems. Raytheon has yet to provide public comment or confirm whether any of its representatives were at the event. The Thursday delegation was headed by Raytheon Vice President Joseph DeAntona.
Zelensky in a meeting with a delegation Raytheon in Kiev on Thursday. Handout via Ukrainian Presidential Press ServiceZelensky has said an investigation is underway amid public outrage, given the gathering seemed to lack legitimate operational security and secrecy, and seemed to be 'out in the open'. It was a rare daytime attack, but the precise location has not been disclosed by local authorities. But the event was reportedly openly advertised on social media.
Some details have been revealed via local media:
According to Ukrainska Pravda portal, a site on which a technology event took place has been targeted by a Russian attack. It has been confirmed by the Ukrainian Council of Defence Industry that Russian forces carried out a missile strike on a site in Kyiv Oblast where representatives of Ukraine’s defence industry had gathered. It was a practical demonstration event, Defense Demo Day & Defense Expo Critically Protected, organized by ARMADA, Association of Manufacturers of Unmanned Systems and Associated Technologies. As stated by the organizers, the purpose of the event was to present comprehensive solutions for protecting critical infrastructure from modern aerial threats.
"An investigation will establish who made the decision to hold the event... and whether the risks were properly assessed under martial law," prosecutor general Ruslan Kravchenko announced in the aftermath.
🇷🇺💥🇺🇦 Russian missiles struck the "Armada" arms exhibition in Kapitanovka, Kiev region, held on the grounds of the "Civil Safety Academy" shooting range. The event showcased small arms, drones, and combat gear for Ukraine's military and defense industry — vendors, buyers, and… pic.twitter.com/TCJjZ1yX08
— DD Geopolitics (@DD_Geopolitics) July 24, 2026Previously explosions were widely reported in the capital area, and residents were called on to stay in shelters as air defense systems were operating.
"A rescue operation is currently under way in the Kyiv region following a Russian missile strike," Zelensky further announced on Telegram. Acting governor of Kyiv region Ruslan Oliynyk affirmed that a ballistic missile strike hit a private training ground while defense expo events were taking place.
Just the day prior at the presidential office...
Met with a Raytheon team led by Vice President Joseph DeAntona. Raytheon is a very strong defense company, and Ukraine has long been using its equipment to protect our people from vicious Russian attacks.
I am grateful for the company’s readiness to take our partnership to an… pic.twitter.com/zPqXdQp5ig
Al Jazeera's Audrey MacAlpine is in the Ukrainian capital, and she has pointed out: "It’s quite irregular for Russian attacks, especially ballistic ones, to take place during the daytime hours so this marks something new."
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Gas Prices Nearing Levels That Could Push Trump Towards Iran Talks, Says JPM Commodities Expert
One of the main macro drivers this week remains the Gulf energy shock, as chokepoints from the Strait of Hormuz to Bab el-Mandeb are disrupted. Turmoil in the Black Sea between Russia and Ukraine is also sending chills through commodities desks.
Related energy coverage:
Brent crude is back above $100 a barrel, while WTI has reached $92, pushing Treasury yields higher, tightening financial conditions and weighing on duration-sensitive and consumer-facing stocks.
At the start of the week, AAA data showed that while prices vary across states...
... the national average for regular gasoline had exceeded the politically sensitive threshold of $4 per gallon.
And going higher...
JPMorgan's head of Global Commodities Research and Strategy, Natasha Kaneva, told clients that Brent should average about $94 a barrel if the conflict is contained to one month, with each additional month of disruption adding roughly $7 to $8 as global inventories shrink.
Kaneva warned that a three-month disruption could lift Brent to around $114, while a 1 million barrel-per-day recovery in Chinese imports would add another $3 to fair value.
Related:
Under her base case, Brent averages $86 in Q3 and $80 in Q4, allowing gas prices to fall from just under $4 in August to about $3.30 by year-end.
However, she noted that another month of disruptions across the maritime chokepoints would push pump prices toward $4.20, while a two-month extension could lift them above $4.50.
Kaneva also pointed out that the $4.20 and $4.50 thresholds are where the Trump administration would likely face intensified political pressure to negotiate with Iran.
In the previous round of escalations, negotiations were initiated once US gasoline prices reached $4.20 and became materially more urgent as prices neared $4.50 (Figure 10). Oil may be a global commodity, but political tolerance for high energy prices remains overwhelmingly domestic
Separately, gasoline above $4 represents a line in the sand at which working-poor consumers begin trading down at convenience stores and gas stations, while broader sentiment shifts to the downside, which only means the political pressure heats up for Trump when gas prices rise north of $4.
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Trump Must Hand Over Finance Records Sought By BBC In Defamation Lawsuit, Judge Rules
Authored by Rachel Roberts via The Epoch Times,
A judge in Florida has ruled President Donald Trump must hand over financial records sought by the BBC for its defense against his $10 billion defamation lawsuit.
The U.S. president is suing the corporation over an episode of “Panorama” that edited together different sections of his speech on the day of the Capitol breach in Washington on Jan. 6, 2021.
The BBC reported that Judge Enjoliqué Lett granted a motion by the corporation’s legal team to compel the release of financial records held by the Donald J. Trump Revocable Trust, created to manage his businesses while he is president.
‘Partial Success’The judge’s ruling at Tuesday’s opening hearing in Miami can still be appealed, but the BBC said it amounts to a “partial success” in its attempt to force Trump to provide evidence for his claim that he suffered financial loss due to the Panorama edit.
The defamation case is currently at the discovery phase, where both sides must provide documents, internal or otherwise, that could form part of their evidence.
The corporation has produced 87,000 pages of documents, according to the BBC’s lawyers, who said Trump’s legal team had released a “sham production” of 735 pages, which they said were “news articles” and other material “pulled from the internet.”
Charles Tobin, counsel for the BBC, said this meant the discovery process had been “entirely one-sided.”
‘Fishing Expedition’Trump’s legal team accused the BBC of a “fishing expedition” with subpoenas designed to “harass” former officials.
Alejandro Brito, counsel for Trump, described the BBC’s “sweeping” requests for documents as “oppressive.”
He opposed the BBC’s requests for records of Trump’s conversations with aides relating to the events of Jan. 6, as well as subpoenas issued to federal agencies and former officials.
The BBC said that the president’s lawyers focused on a letter of apology sent from the corporation’s chairman, Samir Shah, to Trump in November last year, describing it as a “concession” and “admission.”
Shah wrote in the letter that the Panorama episode in question had “unintentionally created the impression … that President Trump had made a direct call for violent action.”
The judge’s decision opens the door for the BBC to peruse the finances of more than 400 companies owned by the Trump family trust.
President Donald Trump looks on during a rally in Washington, on Jan. 6, 2021. Jim Bourg/Reuters
A spokesman for Trump’s legal team told The Epoch Times via email: “The formerly respected and now disgraced BBC defamed President Trump by intentionally, maliciously, and deceptively doctoring his speech in a brazen attempt to interfere in the 2024 Presidential Election.
“The BBC has a long pattern of deceiving its audience in coverage of President Trump, all in service of its own leftist political agenda. President Trump’s powerhouse lawsuit is holding the BBC accountable for its defamation and reckless election interference just as he has held other fake news mainstream media responsible for their wrongdoing.”
Motion to DismissThe BBC has sought to have the entire case dismissed, arguing the documentary was not broadcast in the United States. The court has yet to rule on this, but Judge Altman denied the broadcaster’s application to stay the discovery phase of the lawsuit.
In court documents released on March 17, lawyers for the BBC argued that the lawsuit could have a “chilling effect” on “robust reporting on public figures and events.”
The BBC’s flagship “Panorama” program came under scrutiny last November over an episode broadcast on Oct. 28, 2024, a week before the U.S. presidential election.
Through cutting and splicing together different sections of his speech, the documentary created the impression that Trump had encouraged violence at the Capitol building on Jan. 6, 2021, according to critics and Trump’s legal team. Protesters had gathered in Washington to show they disputed the result of the 2020 presidential election, won by Joe Biden.
The BBC’s 34-page legal document cited a “lack of personal jurisdiction” and a “failure to state a claim” among the grounds to dismiss the lawsuit.
Lawyers for the broadcaster argued that Trump’s subsequent election victory in 2024 demonstrates that no serious reputational harm was caused by the “Panorama” broadcast.
(Left) Former CEO of BBC News Deborah Turness at an event in London on Oct. 13, 2022. (Right) Former BBC Director-General Tim Davie at the BBC World Service in London on April 28, 2022. Leon Neal/Getty Images, Hannah McKay/Pool/AFP via Getty Images
Trump is unable to sue the corporation in England, as the statute of limitations for defamation is only one year. His lawyers filed the claim in the southern district of Florida, where the statute of limitations is two years, in December last year.
The BBC argues that the state of Florida has no jurisdiction because Trump cannot demonstrate that the corporation “purposefully aimed the documentary at Florida” and that it was clearly made for the UK audience.
BBC iPlayer is geo-blocked in the United States, although Trump’s lawyers have argued that it could be accessed by Americans using a virtual private network.
The BBC is funded by a license fee that is supposed to be paid by every UK household that watches live television, although the number of people purchasing a license has fallen in recent years, leading to cutbacks.
BBC Director-General Tim Davie and head of news Deborah Turness both resigned in November following the scandal over a leaked internal report highlighting apparent bias at the corporation, including the “Panorama” edit.
Matt Brittin, a former Google senior executive, took over as the corporation’s director-general in May.
Tyler Durden Fri, 07/24/2026 - 11:00