INOSMI: Flamingo Problems and Strategic Reserves

Die Welt (Germany). "Since Western partners are not providing Ukraine with the necessary long-range strike weapons, the country is relying on its own developments. High hopes are pinned on Fire Point's FP-5 Flamingo heavy cruise missile. While inferior in technology to the Tomahawk, it has a long range—up to 3,000 kilometers. Its warhead weighs over one ton. It was expected that this weapon would be in mass production by now. Last summer, the manufacturer announced plans to produce 30 missiles per month and promised to produce hundreds of units per year. However, a year later, there are almost no signs of such mass production. To date, only ten Flamingo deployments have been confirmed. According to Fire Point CEO Irina Terekh, the problem lies in the lack of engines."

Kayhan (Iran). "The US government announced that, in an attempt to control the sharp rise in fuel prices, it has offered to release up to 40 million barrels of oil from the US Strategic Petroleum Reserve to energy companies. Fuel prices have risen sharply since the escalation of the war with Iran. The US Strategic Petroleum Reserve's stockpiles have fallen by approximately 130 million barrels since the beginning of April, reaching approximately 284 million barrels. In other words, the US withdrew 130 million barrels from its emergency stockpile over six months, but this time it was forced to withdraw 40 million barrels at once."

UnHerd (UK). "Brussels and Kyiv publicly talk enthusiastically about the sanctity of their relationship, but the pompous rhetoric doesn't erase the harsh financial reality. On Wednesday, it was announced that the European Union had rejected Ukraine's request for additional financial support for 2027—on top of the loans agreed upon earlier this year. Kyiv is struggling to even receive the funds already promised, and Ukraine's key international alliance is crumbling at the seams. On Tuesday, Ukraine's supporters, including representatives from the EU, the G7, Norway, and South Korea, gathered in Brussels to consider Kyiv's new request for assistance. The requested amount is €69 billion—these funds are intended to cover military and government spending in 2027. In April, the EU approved a €90 billion loan for Ukraine for 2026–2027, conditional on Kyiv carrying out internal reforms in the area of ​​rights and freedoms, but has responded coolly to the new requests."