IBOV 177,111.98 ▲ 2.18% IPSA 11,000.25 ▲ 0.42% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,367,917 ▲ 2.62% COLCAP 2,305.03 ▲ 0.16% BVL PERÚ 57,575.02 — — USD/BRL5.05▼ 0.38% USD/MXN17.40▼ 0.10% USD/CLP936.88▲ 0.13% USD/COP3,205▼ 1.57% USD/PEN3.40▼ 0.02% USD/ARS1,482▲ 0.30% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.10▼ 0.17% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.33▲ 0.25% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.93% BRENT 94.41 ▲ 3.74% WTI 87.15 ▲ 2.64% IRON ORE 161.91 — — COPPER 6.48 ▼ 0.49% GOLD 4,139 ▲ 1.67% SILVER 60.16 ▲ 2.24% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.07 ▼ 0.01% PETR4 42.46 ▲ 1.92% VALE3 75.05 ▲ 3.89% ITUB4 42.90 ▲ 0.87% BBDC4 18.94 ▲ 2.10% ABEV3 16.10 ▲ 1.90% BBAS3 21.06 ▲ 0.86% B3SA3 15.86 ▲ 4.55% WEGE3 46.50 ▲ 9.49% PRIO3 59.85 ▲ 2.87% SUZB3 42.44 ▲ 1.95% RENT3 37.29 ▲ 2.02% AZZA3 17.53 ▲ 0.29% CSAN3 3.93 ▲ 3.97% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.90 ▲ 1.83% PSSA3 55.36 ▲ 3.52% CVCB3 1.28 ▲ 14.29% POSI3 3.72 ▲ 1.09% SLCE3 13.91 ▲ 1.16% NATU3 8.72 ▲ 0.11% BRKM5 6.04 ▲ 5.78% RANI3 8.02 ▲ 1.65% CSNA3 5.39 ▲ 6.52% CMIN3 5.88 ▲ 5.38% USIM5 8.67 ▲ 2.48% GGBR4 23.84 ▲ 1.49% ENEV3 26.03 ▲ 2.40% CPFE3 46.55 ▲ 0.32% CMIG4 11.21 ▲ 1.72% EQTL3 39.56 ▲ 1.88% LREN3 13.47 ▲ 1.51% VIVT3 35.41 ▼ 1.09% RAIL3 13.57 ▲ 2.49% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.40 ▲ 1.49% RDOR3 34.55 ▲ 1.86% HAPV3 11.51 ▲ 2.40% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.78 ▲ 3.02% VBBR3 34.76 ▲ 2.39% BBSE3 42.77 ▲ 2.94% BPAC11 57.27 ▲ 3.43% CURY3 30.27 ▲ 1.07% AERI3 2.05 ▲ 0.49% VIVARA 21.56 ▲ 0.70% COMPASS 24.91 ▲ 1.92% VAMOS 3.20 ▲ 3.56% SANB11 26.81 ▼ 1.47% ASAI3 8.41 ▲ 1.94% SBSP3 29.37 ▲ 2.69% WALMEX 48.78 ▼ 0.75% GMEXICO 215.04 ▲ 2.90% FEMSA 227.96 ▲ 0.54% CEMEX 22.19 ▲ 0.54% GFNORTE 190.42 ▲ 2.49% BIMBO 60.16 ▲ 1.30% TELEVISA 9.83 ▲ 0.72% AMX 22.62 ▼ 0.62% GAP 375.81 ▼ 0.72% ASUR 272.58 ▼ 0.87% OMA 228.89 ▲ 1.16% KOF 183.00 ▲ 1.40% GRUMA 279.79 ▼ 0.99% KIMBER 38.98 ▲ 1.51% SQM-B 65,150 ▲ 0.95% COPEC 6,540 ▲ 1.40% BSANTANDER 79.71 ▲ 0.89% FALABELLA 6,020 ▲ 1.71% ENELAM 84.48 ▼ 0.06% CENCOSUD 2,015 ▼ 0.64% CMPC 1,074 ▼ 0.88% BANCO CHILE 192.66 ▲ 1.39% LATAM AIR 24.02 ▼ 0.74% YPF 82,500 ▲ 2.33% GGAL 8,290 ▲ 4.08% PAMPA 5,610 ▲ 2.47% TXAR 673.00 ▼ 0.88% ALUAR 970.00 ▼ 0.31% TGS 9,905 ▲ 2.01% CEPU 2,423 ▲ 3.55% MIRGOR 16,950 ▲ 1.04% COME 43.18 ▲ 0.72% LOMA NEGRA 3,858 ▲ 7.00% BYMA 296.50 ▲ 1.45% TELECOM ARG 4,425 ▲ 4.00% ECOPETROL 16.78 ▲ 1.51% BANCOLOMBIA 84.73 ▲ 1.30% GRUPO AVAL 5.01 ▼ 1.67% CREDICORP 389.99 ▼ 0.28% SOUTHERN COPPER 194.36 ▲ 3.38% BUENAVENTURA 31.96 ▲ 2.27% MERCADOLIBRE 1,805 ▼ 0.97% NUBANK 14.43 ▲ 0.24% XP 17.21 ▲ 2.11% PAGSEGURO 9.67 ▲ 0.89% STONE 11.30 ▲ 0.40% GLOBANT 30.96 ▼ 3.55% TECNOGLASS 44.91 ▼ 0.53% GAP AIRPORT 216.42 ▼ 0.58% ASUR 272.58 ▼ 0.87% OMA AIRPORT 105.36 ▲ 1.08% AMX ADR 26.00 ▼ 0.35% FEMSA ADR 130.83 ▲ 0.37% CEMEX ADR 12.74 ▲ 0.28% PETROBRAS ADR 18.94 ▲ 2.16% VALE ADR 14.82 ▲ 3.96% ITAU ADR 8.48 ▲ 0.89% SANTANDER BR 5.43 ▲ 0.37% AMBEV ADR 3.15 ▲ 1.29% CSN 1.08 ▲ 7.50% GERDAU 4.72 ▲ 1.62% LATAM ADR 51.14 ▼ 0.83% BTC 65,852 ▼ 0.98% ETH 1,926 ▼ 0.13% SOL 77.63 ▼ 0.61% XRP 1.14 ▼ 0.40% BNB 569.96 ▼ 0.63% ADA 0.17 ▲ 0.72% DOGE 0.07 ▼ 1.05% AVAX 6.61 ▲ 0.74% LINK 8.61 ▼ 0.43% DOT 0.84 ▼ 0.45% LTC 47.17 ▲ 0.76% BCH 219.26 ▼ 1.98% TRX 0.33 ▼ 0.37% XLM 0.19 ▼ 2.20% HBAR 0.07 ▲ 3.27% NEAR 1.86 ▼ 3.78% ATOM 1.46 ▼ 1.35% AAVE 97.76 ▲ 2.29% SELIC 14.25% EMBRAER 83.53 ▲ 1.06% EMBRAER ADR 65.99 ▲ 0.79% JBS 12.22 ▲ 2.22% JBS BDR 61.69 ▲ 2.44% MBRF3 16.05 ▲ 6.22% MBRFY 3.15 ▲ 6.78% INTER 5.67 ▲ 1.61% EGX 53,932 ▼ 0.11% USD/ZAR16.40▼ 0.42% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.13▼ 0.03% USD/CNY6.77▲ 0.09% DAX 25,155 ▲ 0.58% CAC 8,438 ▲ 0.89% FTSE 10,717 ▲ 1.24% MIB 52,792 ▲ 0.97% IBEX 19,571 ▲ 0.99% STOXX 646.93 ▲ 0.58% EUR/USD1.14▲ 0.13% GBP/USD1.34▼ 0.44% SPX 7,510 ▲ 0.01% DJI 52,288 ▲ 0.12% NDX 29,082 ▼ 0.25% RUT 2,962 ▼ 0.85% TSX 35,483 ▲ 0.32% VIX 16.96 ▼ 0.53% USD/CAD1.41▼ 0.15% US10Y 4.6540 ▲ 0.56% IBOV 177,111.98 ▲ 2.18% IPSA 11,000.25 ▲ 0.42% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,367,917 ▲ 2.62% COLCAP 2,305.03 ▲ 0.16% BVL PERÚ 57,575.02 — — USD/BRL 5.05 ▼ 0.38% USD/MXN 17.40 ▼ 0.10% USD/CLP 936.88 ▲ 0.13% USD/COP 3,205 ▼ 1.57% USD/PEN 3.39 ▼ 0.20% USD/ARS 1,482 ▲ 0.30% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.10 ▼ 0.17% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.33 ▲ 0.25% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.93% BRENT 94.41 ▲ 3.74% WTI 87.15 ▲ 2.64% IRON ORE 161.91 — — COPPER 6.48 ▼ 0.49% GOLD 4,139 ▲ 1.67% SILVER 60.16 ▲ 2.24% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.07 ▼ 0.01% PETR4 42.46 ▲ 1.92% VALE3 75.05 ▲ 3.89% ITUB4 42.90 ▲ 0.87% BBDC4 18.94 ▲ 2.10% ABEV3 16.10 ▲ 1.90% BBAS3 21.06 ▲ 0.86% B3SA3 15.86 ▲ 4.55% WEGE3 46.50 ▲ 9.49% PRIO3 59.85 ▲ 2.87% SUZB3 42.44 ▲ 1.95% RENT3 37.29 ▲ 2.02% AZZA3 17.53 ▲ 0.29% CSAN3 3.93 ▲ 3.97% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.90 ▲ 1.83% PSSA3 55.36 ▲ 3.52% CVCB3 1.28 ▲ 14.29% POSI3 3.72 ▲ 1.09% SLCE3 13.91 ▲ 1.16% NATU3 8.72 ▲ 0.11% BRKM5 6.04 ▲ 5.78% RANI3 8.02 ▲ 1.65% CSNA3 5.39 ▲ 6.52% CMIN3 5.88 ▲ 5.38% USIM5 8.67 ▲ 2.48% GGBR4 23.84 ▲ 1.49% ENEV3 26.03 ▲ 2.40% CPFE3 46.55 ▲ 0.32% CMIG4 11.21 ▲ 1.72% EQTL3 39.56 ▲ 1.88% LREN3 13.47 ▲ 1.51% VIVT3 35.41 ▼ 1.09% RAIL3 13.57 ▲ 2.49% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.40 ▲ 1.49% RDOR3 34.55 ▲ 1.86% HAPV3 11.51 ▲ 2.40% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.78 ▲ 3.02% VBBR3 34.76 ▲ 2.39% BBSE3 42.77 ▲ 2.94% BPAC11 57.27 ▲ 3.43% CURY3 30.27 ▲ 1.07% AERI3 2.05 ▲ 0.49% VIVARA 21.56 ▲ 0.70% COMPASS 24.91 ▲ 1.92% VAMOS 3.20 ▲ 3.56% SANB11 26.81 ▼ 1.47% ASAI3 8.41 ▲ 1.94% SBSP3 29.37 ▲ 2.69% WALMEX 48.78 ▼ 0.75% GMEXICO 215.04 ▲ 2.90% FEMSA 227.96 ▲ 0.54% CEMEX 22.19 ▲ 0.54% GFNORTE 190.42 ▲ 2.49% BIMBO 60.16 ▲ 1.30% TELEVISA 9.83 ▲ 0.72% AMX 22.62 ▼ 0.62% GAP 375.81 ▼ 0.72% ASUR 272.58 ▼ 0.87% OMA 228.89 ▲ 1.16% KOF 183.00 ▲ 1.40% GRUMA 279.79 ▼ 0.99% KIMBER 38.98 ▲ 1.51% SQM-B 65,150 ▲ 0.95% COPEC 6,540 ▲ 1.40% BSANTANDER 79.71 ▲ 0.89% FALABELLA 6,020 ▲ 1.71% ENELAM 84.48 ▼ 0.06% CENCOSUD 2,015 ▼ 0.64% CMPC 1,074 ▼ 0.88% BANCO CHILE 192.66 ▲ 1.39% LATAM AIR 24.02 ▼ 0.74% YPF 82,500 ▲ 2.33% GGAL 8,290 ▲ 4.08% PAMPA 5,610 ▲ 2.47% TXAR 673.00 ▼ 0.88% ALUAR 970.00 ▼ 0.31% TGS 9,905 ▲ 2.01% CEPU 2,423 ▲ 3.55% MIRGOR 16,950 ▲ 1.04% COME 43.18 ▲ 0.72% LOMA NEGRA 3,858 ▲ 7.00% BYMA 296.50 ▲ 1.45% TELECOM ARG 4,425 ▲ 4.00% ECOPETROL 16.78 ▲ 1.51% BANCOLOMBIA 84.73 ▲ 1.30% GRUPO AVAL 5.01 ▼ 1.67% CREDICORP 389.99 ▼ 0.28% SOUTHERN COPPER 194.36 ▲ 3.38% BUENAVENTURA 31.96 ▲ 2.27% MERCADOLIBRE 1,805 ▼ 0.97% NUBANK 14.43 ▲ 0.24% XP 17.21 ▲ 2.11% PAGSEGURO 9.67 ▲ 0.89% STONE 11.30 ▲ 0.40% GLOBANT 30.96 ▼ 3.55% TECNOGLASS 44.91 ▼ 0.53% GAP AIRPORT 216.42 ▼ 0.58% ASUR 272.58 ▼ 0.87% OMA AIRPORT 105.36 ▲ 1.08% AMX ADR 26.00 ▼ 0.35% FEMSA ADR 130.83 ▲ 0.37% CEMEX ADR 12.74 ▲ 0.28% PETROBRAS ADR 18.94 ▲ 2.16% VALE ADR 14.82 ▲ 3.96% ITAU ADR 8.48 ▲ 0.89% SANTANDER BR 5.43 ▲ 0.37% AMBEV ADR 3.15 ▲ 1.29% CSN 1.08 ▲ 7.50% GERDAU 4.72 ▲ 1.62% LATAM ADR 51.14 ▼ 0.83% BTC 65,852 ▼ 0.98% ETH 1,926 ▼ 0.13% SOL 77.63 ▼ 0.61% XRP 1.14 ▼ 0.40% BNB 569.96 ▼ 0.63% ADA 0.17 ▲ 0.72% DOGE 0.07 ▼ 1.05% AVAX 6.61 ▲ 0.74% LINK 8.61 ▼ 0.43% DOT 0.84 ▼ 0.45% LTC 47.17 ▲ 0.76% BCH 219.26 ▼ 1.98% TRX 0.33 ▼ 0.37% XLM 0.19 ▼ 2.20% HBAR 0.07 ▲ 3.27% NEAR 1.86 ▼ 3.78% ATOM 1.46 ▼ 1.35% AAVE 97.76 ▲ 2.29% SELIC 14.25% EMBRAER 83.53 ▲ 1.06% EMBRAER ADR 65.99 ▲ 0.79% JBS 12.22 ▲ 2.22% JBS BDR 61.69 ▲ 2.44% MBRF3 16.05 ▲ 6.22% MBRFY 3.15 ▲ 6.78% INTER 5.67 ▲ 1.61% EGX 53,932 ▼ 0.11% USD/ZAR 16.40 ▼ 0.34% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.13 ▼ 0.01% USD/CNY 6.7639 ▲ 0.10% DAX 25,155 ▲ 0.58% CAC 8,438 ▲ 0.89% FTSE 10,717 ▲ 1.24% MIB 52,792 ▲ 0.97% IBEX 19,571 ▲ 0.99% STOXX 646.93 ▲ 0.58% EUR/USD 1.1414 ▲ 0.09% GBP/USD 1.3374 ▼ 0.04% SPX 7,510 ▲ 0.01% DJI 52,288 ▲ 0.12% NDX 29,082 ▼ 0.25% RUT 2,962 ▼ 0.85% TSX 35,483 ▲ 0.32% VIX 16.96 ▼ 0.53% USD/CAD 1.4085 ▼ 0.15% US10Y 4.6540 ▲ 0.56%
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Wednesday, July 22, 2026

10 Key Military and Defense Developments (November 17–December 1, 2025)

By · December 1, 2025 · 5 min read

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The period from November 17 to December 1 was defined by deeper cross-border fires in the Ukraine war and a sharp rise in drone and missile spillover along NATO’s eastern edge.

Ukraine pushed U.S.-supplied long-range weapons into Russian territory while Russia answered with some of its heaviest barrages in weeks.

In the Middle East and Indo-Pacific, Israel’s extended campaign in Lebanon, Taiwan’s air-defense surge, and Japan’s missile plans near Taiwan showed how regional conflicts are hardening into longer, multi-front standoffs.

Defence budgets, basing decisions, and industrial policy all moved toward an assumption of protracted competition rather than short crises.

At the strategic level, nuclear-testing debates, failed Russian missile trials, and new European defence-industry schemes underlined how technology, credibility, and money will shape force structure into the late 2020s.

Items are ranked for geopolitical impact: cross-border risk, great-power involvement, escalation potential, and consequences for doctrine and industry.

1. Ukraine uses U.S. ATACMS to hit inside Russia (Nov 18–19)

Ukraine confirmed using U.S.-supplied ATACMS missiles against targets in Russia’s Voronezh region, the first publicly acknowledged strike beyond Ukrainian territory.

10 Key Military and Defense Developments in Latin America (August 25–26, 2025)
10 Key Military and Defense Developments (November 17–December 1, 2025). (Photo Internet reproduction)
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The move follows the quiet lifting of earlier range and target limits and is meant to pressure Russian logistics hubs and airfields behind the front.

Summary: Cross-border ATACMS use marks a new phase of Western-enabled deep strikes and sharpens Moscow’s sense that its rear is no longer safe.

2. Russian barrages hit Kyiv as drones reach Moldova and Romania (Nov 25–30)

Russia launched one of its heaviest recent mixed missile-and-drone attacks on Kyiv, killing civilians and cutting power and heat across several regions.

Some drones crossed into Moldova and Romanian airspace, forcing NATO jets to scramble, while Ukraine began deploying AI-guided “Sky Sentinel” air-defence turrets tested against Shahed drones.

Summary: Intensified Russian barrages and cross-border drone spillover are meeting more automated Ukrainian defences, raising both escalation risk and the technological bar for air defence.

3. Israel strikes Sidon camp and steps up Lebanon campaign (Nov 18–24)

An Israeli airstrike on the Ain al-Hilweh refugee camp near Sidon killed over a dozen people, including children, in what Israel called a Hamas compound hit and local actors called indiscriminate.

In parallel, Israel expanded near-daily strikes across southern Lebanon and continued targeting senior Hezbollah figures, even as a Gaza ceasefire held.

Summary: The Sidon strike and leadership hits show Israel is prepared to absorb political backlash in Lebanon to degrade multiple adversaries beyond Gaza.

4. Taiwan pairs NASAMS purchase with $40 billion defence surge (Nov 19–26)

Taipei confirmed a major purchase of NASAMS medium-range air-defence systems from the United States, aligning with technologies proven in Ukraine.

Days later, Taiwan unveiled a multi-year defence package of about $40 billion through 2030, lifting spending toward and potentially beyond 5 percent of GDP, focused on layered air and missile defence.

Summary: Taiwan is signaling to both Washington and Beijing that it will invest heavily in becoming a far harder air- and missile-defence problem.

5. Japan’s Yonaguni missile plan provokes sharp Chinese warnings (Nov 24–26)

Japan moved ahead with plans to deploy medium-range missiles on Yonaguni Island, roughly 110 kilometers from Taiwan, framing the step as protection for its southwest islands.

China condemned the move as a deliberate provocation and hinted at countermeasures, while Taiwanese officials publicly backed Japan’s right to strengthen its defences.

Summary: Missiles on Yonaguni knit Japan more tightly into any Taiwan crisis and make the island a potential first-strike target in a regional conflict.

6. Nuclear-testing debate in Washington revives arms-race fears (Nov 25)

Senator Edward Markey urged President Donald Trump not to resume U.S. nuclear tests after more than three decades of restraint, warning that even a single test could justify larger trials by Russia and China.

The appeal came amid rhetoric from both Washington and Moscow about modernising arsenals and exploring new test options, without firm public evidence of adversary violations.

Summary: Renewed talk of nuclear testing risks eroding long-standing taboos and could trigger a new qualitative arms race in warhead and delivery-system design.

7. Sweden seeks 2,000-kilometre strike capability against Russia (Nov 25)

Sweden’s armed forces recommended acquiring long-range strike systems with ranges up to 2,000 kilometres, explicitly to deter and, if necessary, hit Russian assets deep in its rear.

The report draws on lessons from Ukraine and comes on top of existing orders for shorter-range cruise missiles, plus calls for stronger air defence, drones and space-based surveillance.

Summary: Stockholm is moving from a primarily defensive posture toward deep-strike deterrence, aligning its doctrine more closely with front-line NATO states.

8. EU launches new defence-industry schemes as UK stays at arm’s length (Nov 18–28)

The European Union advanced a defence-investment roadmap and approved a multi-billion-euro programme to co-fund joint procurement and production of munitions and key systems.

Rules favour EU and close-partner content, while the UK walked away from talks to join a larger SAFE fund but left the door open for limited industrial participation.

Summary: Brussels is building a more protectionist but better-funded defence-industrial base, with London partially inside and partially outside the emerging architecture.

9. Russian ICBM test fails over Yasny launch site (Nov 28–29)

A Russian intercontinental ballistic missile launched from the Yasny range exploded seconds after liftoff, scattering debris near the site in a highly visible failure.

The incident follows months of high-profile trials of new strategic systems and underscores the technical strain of modernisation under sanctions and wartime production pressure.

Summary: The failed test undercuts Moscow’s narrative of flawless nuclear modernisation even as it continues to use strategic forces for signalling.

10. Drone strike hits area around Dagdizel torpedo plant in Dagestan (Dec 1)

Explosions in the city of Kaspiysk damaged vehicles and buildings near the Dagdizel defence plant, long a key producer of torpedoes and naval diesel systems.

Russian officials blamed incoming drones and downplayed the damage, while footage suggested impacts close to the industrial complex and surrounding residential areas.

Summary: A successful strike near Dagdizel shows that deep Russian naval-industrial nodes along the Caspian are increasingly within reach of long-range drone operations.

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