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US Sanctions Iran, Canada Tariffs, Debt Hits $40T
The United States entered the week with a $40 trillion debt load, 50 percent tariffs on Canadian goods and a promised “economic D-Day” against Iran. Each move projects leverage, but stubborn inflation, strained missile stocks and Tehran’s control over Gulf shipping show how quickly American coercion is consuming the capacity behind it.
Weekly briefIran-Linked Hackers Hit UK Power Plant
A four-day shutdown at a British power plant, 2.9 percent inflation and a £221 jump in typical annual energy bills brought foreign conflict into domestic systems. Andy Burnham’s missile-technology transfer to Ukraine and France’s interception of 4,300 Channel crossings show a government trying to push security outward while vulnerability keeps moving home.
Weekly briefFrance Campaign Tests Strained Institutions
Water tankers, a breach affecting 678,000 tax records and four suspected Russian operations against Gabriel Attal turned state capacity into an early presidential issue. The fiscal watchdog then warned that a year without a 2027 budget would worsen the deficit by at least 0.5 percent of GDP, making institutional competence the campaign’s scarce resource.
Weekly briefGermany Arming as Coalition Shrinks: €12B Strike Plan
Germany answered Russian pressure with a €12 billion long-range arsenal and new aid for Ukraine, yet its auto industry lost 42,300 jobs and the AfD approached a first state government. Berlin is building harder external defences as economic stagnation and coalition weakness erode the political centre expected to sustain them.
Weekly briefUkraine Air Defense Shortage After Russian Barrage
Russian barrages killed at least 16 around Kyiv and 16 more at a Kryvyi Rih shopping centre while Ukraine’s Patriot batteries ran nearly empty. Kyiv struck refineries, aircraft and air defences deep inside Russia, but Zelensky’s request for 300 to 360 interceptors shows that offensive success still cannot buy safety before winter.
Weekly briefErdoğan Pushes Single-Round Vote, PKK Amnesty
A proposed one-round presidential election, a conditional PKK pardon and Ankara’s request for an Interpol notice against Benjamin Netanyahu all widened Recep Tayyip Erdoğan’s room to act. Peace at home and leverage abroad could be genuine gains, but each is being organised around the presidency’s need to outlast a fragmented opposition.
Weekly briefAll Events
Every other event tracked today, with a one-line preview. Click Show summary to read more.
us49Strait of Hormuz crisis deepens as US-Iran ceasefire collapses
Background: Oil markets have been volatile amid the US-Iran conflict and Strait of Hormuz blockade, with analysts warning of critically low inventory levels and potential Brent crude prices reaching $130-$140 per barrel. New development: The US-Iran ceasefire has collapsed, with the US reinstating a naval blockade and Iran retaining the ability to attack commercial shipping. Oil prices surged 10% since Sunday, and Houthis have claimed attacks on Saudi infrastructure, threatening Bab el-Mandeb transit. Analysts now warn of potential $150/barrel oil and worsening energy market disruptions, with no breakthrough in sight.
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Strait of Hormuz crisis deepens as US-Iran ceasefire collapses
Background: Oil markets have been volatile amid the US-Iran conflict and Strait of Hormuz blockade, with analysts warning of critically low inventory levels and potential Brent crude prices reaching $130-$140 per barrel. New development: The US-Iran ceasefire has collapsed, with the US reinstating a naval blockade and Iran retaining the ability to attack commercial shipping. Oil prices surged 10% since Sunday, and Houthis have claimed attacks on Saudi infrastructure, threatening Bab el-Mandeb transit. Analysts now warn of potential $150/barrel oil and worsening energy market disruptions, with no breakthrough in sight.
Background: Oil markets have been volatile amid the US-Iran conflict and Strait of Hormuz blockade, with analysts warning of critically low inventory levels and potential Brent crude prices reaching $130-$140 per barrel. New development: The US-Iran ceasefire has collapsed, with the US reinstating a naval blockade and Iran retaining the ability to attack commercial shipping. Oil prices surged 10% since Sunday, and Houthis have claimed attacks on Saudi infrastructure, threatening Bab el-Mandeb transit. Analysts now warn of potential $150/barrel oil and worsening energy market disruptions, with no breakthrough in sight.
us48U.S. Navy Deploys Over 20 Warships to Enforce Renewed Blockade on Iran
Background: The U.S. has enforced a naval blockade of Iranian ports since April 13, 2026, using over 20 warships and has disabled multiple Iranian-flagged tankers attempting to breach it. In a new development, the U.S. Navy has deployed over 20 warships, including two carrier strike groups (USS Abraham Lincoln and USS George H.W. Bush) and two amphibious ready groups (Boxer ARG with 11th MEU and Tripoli ARG), to enforce a renewed blockade on Iranian ports in the Arabian Sea and Indian Ocean. Additional assets include seven independently deployed destroyers, a cruiser, a littoral combat ship, an expeditionary sea base, and at least two fast-attack submarines. CENTCOM reported that in the first 24 hours, two commercial vessels were redirected and one was kinetically disabled. The blockade applies to all traffic regardless of flag but does not impede neutral transit through the Strait of Hormuz. The force posture mirrors the previous blockade, which was lifted in June after the Islamabad MOU, but forces never left the region.
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U.S. Navy Deploys Over 20 Warships to Enforce Renewed Blockade on Iran
Background: The U.S. has enforced a naval blockade of Iranian ports since April 13, 2026, using over 20 warships and has disabled multiple Iranian-flagged tankers attempting to breach it. In a new development, the U.S. Navy has deployed over 20 warships, including two carrier strike groups (USS Abraham Lincoln and USS George H.W. Bush) and two amphibious ready groups (Boxer ARG with 11th MEU and Tripoli ARG), to enforce a renewed blockade on Iranian ports in the Arabian Sea and Indian Ocean. Additional assets include seven independently deployed destroyers, a cruiser, a littoral combat ship, an expeditionary sea base, and at least two fast-attack submarines. CENTCOM reported that in the first 24 hours, two commercial vessels were redirected and one was kinetically disabled. The blockade applies to all traffic regardless of flag but does not impede neutral transit through the Strait of Hormuz. The force posture mirrors the previous blockade, which was lifted in June after the Islamabad MOU, but forces never left the region.
Background: The U.S. has enforced a naval blockade of Iranian ports since April 13, 2026, using over 20 warships and has disabled multiple Iranian-flagged tankers attempting to breach it. In a new development, the U.S. Navy has deployed over 20 warships, including two carrier strike groups (USS Abraham Lincoln and USS George H.W. Bush) and two amphibious ready groups (Boxer ARG with 11th MEU and Tripoli ARG), to enforce a renewed blockade on Iranian ports in the Arabian Sea and Indian Ocean. Additional assets include seven independently deployed destroyers, a cruiser, a littoral combat ship, an expeditionary sea base, and at least two fast-attack submarines. CENTCOM reported that in the first 24 hours, two commercial vessels were redirected and one was kinetically disabled. The blockade applies to all traffic regardless of flag but does not impede neutral transit through the Strait of Hormuz. The force posture mirrors the previous blockade, which was lifted in June after the Islamabad MOU, but forces never left the region.
ua48Russian missile strike on Odesa kills two, wounds eight including children
On July 15, 2026, a Russian missile strike hit the city of Odesa, killing at least two people and wounding eight others, including two children. The attack damaged residential buildings, a preschool, a religious institution, vehicles, and other civilian infrastructure. Emergency crews responded and an operational headquarters was established to coordinate assistance. The strike was part of a broader wave of Russian attacks across Ukraine that day, which also included guided bomb strikes on Sumy that killed three and wounded 17.
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Russian missile strike on Odesa kills two, wounds eight including children
On July 15, 2026, a Russian missile strike hit the city of Odesa, killing at least two people and wounding eight others, including two children. The attack damaged residential buildings, a preschool, a religious institution, vehicles, and other civilian infrastructure. Emergency crews responded and an operational headquarters was established to coordinate assistance. The strike was part of a broader wave of Russian attacks across Ukraine that day, which also included guided bomb strikes on Sumy that killed three and wounded 17.
On July 15, 2026, a Russian missile strike hit the city of Odesa, killing at least two people and wounding eight others, including two children. The attack damaged residential buildings, a preschool, a religious institution, vehicles, and other civilian infrastructure. Emergency crews responded and an operational headquarters was established to coordinate assistance. The strike was part of a broader wave of Russian attacks across Ukraine that day, which also included guided bomb strikes on Sumy that killed three and wounded 17.
ua48ISW: Russian recruitment fails, Ukraine gets missile licenses, strikes last major untouched refinery
Background: The Institute for the Study of War (ISW) previously reported that Ukrainian forces have largely halted the Russian Spring-Summer 2026 offensive, and that US-Russia talks failed at the Alaska Summit. New development: ISW now reports that Russian Ministry of Defense recruitment programs are failing to compensate for rising casualty rates amid costly advances in Ukraine. The Coalition of the Willing reaffirmed the necessity of binding security guarantees for Ukraine as part of a larger peace plan and reiterated members' commitment to participate in peace negotiations; the Kremlin continues to reject such guarantees and seeks to deny European participation. Ukraine's Western partners continue efforts to boost Ukraine's air defense umbrella, particularly against Russian ballistic missiles. France and Italy granted Ukraine licenses to produce Franco-Italian glide bombs and French SCALP missiles in Ukraine, boosting Ukraine's defense industrial base. Ukrainian forces struck the Salavat Oil Refinery on the night of July 13 to 14, the only major Russian refinery not previously struck in 2026. Russian forces recently advanced in Sumy Oblast and in the Kostyantynivka-Druzhkivka tactical area. Russia launched eight Iskander-M/S-400 ballistic missiles, two Kh-59/69 guided cruise missiles, and 135 drones against Ukraine overnight.
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ISW: Russian recruitment fails, Ukraine gets missile licenses, strikes last major untouched refinery
Background: The Institute for the Study of War (ISW) previously reported that Ukrainian forces have largely halted the Russian Spring-Summer 2026 offensive, and that US-Russia talks failed at the Alaska Summit. New development: ISW now reports that Russian Ministry of Defense recruitment programs are failing to compensate for rising casualty rates amid costly advances in Ukraine. The Coalition of the Willing reaffirmed the necessity of binding security guarantees for Ukraine as part of a larger peace plan and reiterated members' commitment to participate in peace negotiations; the Kremlin continues to reject such guarantees and seeks to deny European participation. Ukraine's Western partners continue efforts to boost Ukraine's air defense umbrella, particularly against Russian ballistic missiles. France and Italy granted Ukraine licenses to produce Franco-Italian glide bombs and French SCALP missiles in Ukraine, boosting Ukraine's defense industrial base. Ukrainian forces struck the Salavat Oil Refinery on the night of July 13 to 14, the only major Russian refinery not previously struck in 2026. Russian forces recently advanced in Sumy Oblast and in the Kostyantynivka-Druzhkivka tactical area. Russia launched eight Iskander-M/S-400 ballistic missiles, two Kh-59/69 guided cruise missiles, and 135 drones against Ukraine overnight.
Background: The Institute for the Study of War (ISW) previously reported that Ukrainian forces have largely halted the Russian Spring-Summer 2026 offensive, and that US-Russia talks failed at the Alaska Summit. New development: ISW now reports that Russian Ministry of Defense recruitment programs are failing to compensate for rising casualty rates amid costly advances in Ukraine. The Coalition of the Willing reaffirmed the necessity of binding security guarantees for Ukraine as part of a larger peace plan and reiterated members' commitment to participate in peace negotiations; the Kremlin continues to reject such guarantees and seeks to deny European participation. Ukraine's Western partners continue efforts to boost Ukraine's air defense umbrella, particularly against Russian ballistic missiles. France and Italy granted Ukraine licenses to produce Franco-Italian glide bombs and French SCALP missiles in Ukraine, boosting Ukraine's defense industrial base. Ukrainian forces struck the Salavat Oil Refinery on the night of July 13 to 14, the only major Russian refinery not previously struck in 2026. Russian forces recently advanced in Sumy Oblast and in the Kostyantynivka-Druzhkivka tactical area. Russia launched eight Iskander-M/S-400 ballistic missiles, two Kh-59/69 guided cruise missiles, and 135 drones against Ukraine overnight.
de48Russia accused of running disinformation campaign to boost German far-right AfD ahead of regional elections
German lawmakers and anti-Kremlin activists accuse Russia of running a disinformation campaign, linked to the 'Matryoshka' influence operation, to boost the far-right Alternative for Germany (AfD) ahead of regional elections in Saxony-Anhalt and Mecklenburg-Western Pomerania. The campaign involves fake media outlets and smears against mainstream parties, while sparing the AfD and the pro-Russian BSW party. The Russian embassy denies the allegations.
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Russia accused of running disinformation campaign to boost German far-right AfD ahead of regional elections
German lawmakers and anti-Kremlin activists accuse Russia of running a disinformation campaign, linked to the 'Matryoshka' influence operation, to boost the far-right Alternative for Germany (AfD) ahead of regional elections in Saxony-Anhalt and Mecklenburg-Western Pomerania. The campaign involves fake media outlets and smears against mainstream parties, while sparing the AfD and the pro-Russian BSW party. The Russian embassy denies the allegations.
German lawmakers and anti-Kremlin activists accuse Russia of running a disinformation campaign, linked to the 'Matryoshka' influence operation, to boost the far-right Alternative for Germany (AfD) ahead of regional elections in Saxony-Anhalt and Mecklenburg-Western Pomerania. The campaign involves fake media outlets and smears against mainstream parties, while sparing the AfD and the pro-Russian BSW party. The Russian embassy denies the allegations.
fr46France Adopts Assisted Dying Law; Former Minister Urges Swift Implementation
The French Parliament has definitively adopted a law creating a right to assisted dying for patients with severe illnesses under strict conditions. Former Health Minister Agnès Firmin-Le Bodo welcomed the move but criticized Prime Minister Sébastien Lecornu's referral of the law to the Constitutional Council, expressing confidence it will be upheld. The law will not enter application before early 2027.
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France Adopts Assisted Dying Law; Former Minister Urges Swift Implementation
The French Parliament has definitively adopted a law creating a right to assisted dying for patients with severe illnesses under strict conditions. Former Health Minister Agnès Firmin-Le Bodo welcomed the move but criticized Prime Minister Sébastien Lecornu's referral of the law to the Constitutional Council, expressing confidence it will be upheld. The law will not enter application before early 2027.
The French Parliament has definitively adopted a law creating a right to assisted dying for patients with severe illnesses under strict conditions. Former Health Minister Agnès Firmin-Le Bodo welcomed the move but criticized Prime Minister Sébastien Lecornu's referral of the law to the Constitutional Council, expressing confidence it will be upheld. The law will not enter application before early 2027.
ua46Russian ballistic missiles strike Kyiv, killing two and injuring five
In the early hours of July 16, 2026, Russian forces launched a ballistic missile attack on Kyiv, striking the Sviatoshynskyi and Darnytskyi districts. The attack killed at least two people and injured five, including a 16-year-old boy. Missiles hit warehouse and administrative buildings, causing fires that required emergency response. The attack occurred hours after European Commission President Ursula von der Leyen visited Kyiv to announce a new EU-Ukraine drone agreement. This strike is part of an intensified Russian long-range campaign that has driven civilian casualties to their highest monthly level since April 2022, with the UN reporting 293 civilian deaths in Ukraine in June.
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Russian ballistic missiles strike Kyiv, killing two and injuring five
In the early hours of July 16, 2026, Russian forces launched a ballistic missile attack on Kyiv, striking the Sviatoshynskyi and Darnytskyi districts. The attack killed at least two people and injured five, including a 16-year-old boy. Missiles hit warehouse and administrative buildings, causing fires that required emergency response. The attack occurred hours after European Commission President Ursula von der Leyen visited Kyiv to announce a new EU-Ukraine drone agreement. This strike is part of an intensified Russian long-range campaign that has driven civilian casualties to their highest monthly level since April 2022, with the UN reporting 293 civilian deaths in Ukraine in June.
In the early hours of July 16, 2026, Russian forces launched a ballistic missile attack on Kyiv, striking the Sviatoshynskyi and Darnytskyi districts. The attack killed at least two people and injured five, including a 16-year-old boy. Missiles hit warehouse and administrative buildings, causing fires that required emergency response. The attack occurred hours after European Commission President Ursula von der Leyen visited Kyiv to announce a new EU-Ukraine drone agreement. This strike is part of an intensified Russian long-range campaign that has driven civilian casualties to their highest monthly level since April 2022, with the UN reporting 293 civilian deaths in Ukraine in June.
us44Canadian wildfire smoke triggers air quality alerts across 20 US states
Over 180 active wildfires in northern Ontario have produced dense smoke that has drifted south, causing air quality alerts in more than 20 US states. The number of active wildfires in Canada has risen to 949, with the bulk in Ontario and the Northwest Territories. The fires have scorched nearly 3 million hectares and destroyed an entire Indigenous community in northwestern Ontario, forcing the Namaygoosisagagun First Nation to evacuate by boat. Over a dozen other communities in Ontario are under mandatory evacuation orders. Chicago, Detroit, and Minneapolis recorded the worst air quality globally on Thursday. In the US, air quality alerts now cover over 100 million people, with hazardous levels around Lake Superior. New York City urged residents to limit outdoor activity and opened cooling centers and distributed N95 masks. The smoke has reached as far south as Virginia and Washington DC. EPA Administrator Lee Zeldin issued a statement on the agency's response. Health officials warn that a 10-unit increase in PM2.5 leads to more emergency room visits for heart and lung conditions. Officials warn this could be the city's most significant smoke event since 2023, highlighting the impact of climate change. Conditions may improve temporarily but could persist until the fires are extinguished, possibly months away.
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Canadian wildfire smoke triggers air quality alerts across 20 US states
Over 180 active wildfires in northern Ontario have produced dense smoke that has drifted south, causing air quality alerts in more than 20 US states. The number of active wildfires in Canada has risen to 949, with the bulk in Ontario and the Northwest Territories. The fires have scorched nearly 3 million hectares and destroyed an entire Indigenous community in northwestern Ontario, forcing the Namaygoosisagagun First Nation to evacuate by boat. Over a dozen other communities in Ontario are under mandatory evacuation orders. Chicago, Detroit, and Minneapolis recorded the worst air quality globally on Thursday. In the US, air quality alerts now cover over 100 million people, with hazardous levels around Lake Superior. New York City urged residents to limit outdoor activity and opened cooling centers and distributed N95 masks. The smoke has reached as far south as Virginia and Washington DC. EPA Administrator Lee Zeldin issued a statement on the agency's response. Health officials warn that a 10-unit increase in PM2.5 leads to more emergency room visits for heart and lung conditions. Officials warn this could be the city's most significant smoke event since 2023, highlighting the impact of climate change. Conditions may improve temporarily but could persist until the fires are extinguished, possibly months away.
Over 180 active wildfires in northern Ontario have produced dense smoke that has drifted south, causing air quality alerts in more than 20 US states. The number of active wildfires in Canada has risen to 949, with the bulk in Ontario and the Northwest Territories. The fires have scorched nearly 3 million hectares and destroyed an entire Indigenous community in northwestern Ontario, forcing the Namaygoosisagagun First Nation to evacuate by boat. Over a dozen other communities in Ontario are under mandatory evacuation orders. Chicago, Detroit, and Minneapolis recorded the worst air quality globally on Thursday. In the US, air quality alerts now cover over 100 million people, with hazardous levels around Lake Superior. New York City urged residents to limit outdoor activity and opened cooling centers and distributed N95 masks. The smoke has reached as far south as Virginia and Washington DC. EPA Administrator Lee Zeldin issued a statement on the agency's response. Health officials warn that a 10-unit increase in PM2.5 leads to more emergency room visits for heart and lung conditions. Officials warn this could be the city's most significant smoke event since 2023, highlighting the impact of climate change. Conditions may improve temporarily but could persist until the fires are extinguished, possibly months away.
ua44Ukraine repels 235 clashes as Russia intensifies drone and bomb attacks; UN reports deadliest month for civilians since 2022
The Armed Forces of Ukraine repelled 235 combat clashes with Russian forces on July 9, 2026, with the heaviest fighting concentrated in the Pokrovsk and Kostiantynivka sectors. Russia conducted 52 airstrikes using 170 guided bombs, deployed 6,001 kamikaze drones, and carried out 2,273 shelling attacks. The UN Human Rights Monitoring Mission in Ukraine reported that June 2026 was the deadliest month for Ukrainian civilians since April 2022, with at least 293 killed and 1,990 injured, marking a 10% increase from May and a 37% rise from June 2025.
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Ukraine repels 235 clashes as Russia intensifies drone and bomb attacks; UN reports deadliest month for civilians since 2022
The Armed Forces of Ukraine repelled 235 combat clashes with Russian forces on July 9, 2026, with the heaviest fighting concentrated in the Pokrovsk and Kostiantynivka sectors. Russia conducted 52 airstrikes using 170 guided bombs, deployed 6,001 kamikaze drones, and carried out 2,273 shelling attacks. The UN Human Rights Monitoring Mission in Ukraine reported that June 2026 was the deadliest month for Ukrainian civilians since April 2022, with at least 293 killed and 1,990 injured, marking a 10% increase from May and a 37% rise from June 2025.
The Armed Forces of Ukraine repelled 235 combat clashes with Russian forces on July 9, 2026, with the heaviest fighting concentrated in the Pokrovsk and Kostiantynivka sectors. Russia conducted 52 airstrikes using 170 guided bombs, deployed 6,001 kamikaze drones, and carried out 2,273 shelling attacks. The UN Human Rights Monitoring Mission in Ukraine reported that June 2026 was the deadliest month for Ukrainian civilians since April 2022, with at least 293 killed and 1,990 injured, marking a 10% increase from May and a 37% rise from June 2025.
de44German Chancellor Merz defends coalition record, rules out AfD cooperation ahead of eastern state elections
German Chancellor Friedrich Merz held his second summer press conference, defending his coalition's performance despite low approval ratings. He highlighted healthcare financing reform and bureaucracy reduction as achievements, but acknowledged insufficient economic growth due to US tariff policy. Merz ruled out any cooperation with the far-right AfD ahead of September state elections in Saxony-Anhalt, Mecklenburg-Western Pomerania, and Berlin, where the AfD leads in polls. He warned against US interference in German elections, citing reports of a State Department grant program for MAGA-aligned European groups. Merz also justified record-high defense spending, citing Russian hybrid warfare, and defended his controversial proposal for Ukraine's EU associate membership. He admitted that breaking his campaign promise on the debt brake has damaged his personal credibility.
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German Chancellor Merz defends coalition record, rules out AfD cooperation ahead of eastern state elections
German Chancellor Friedrich Merz held his second summer press conference, defending his coalition's performance despite low approval ratings. He highlighted healthcare financing reform and bureaucracy reduction as achievements, but acknowledged insufficient economic growth due to US tariff policy. Merz ruled out any cooperation with the far-right AfD ahead of September state elections in Saxony-Anhalt, Mecklenburg-Western Pomerania, and Berlin, where the AfD leads in polls. He warned against US interference in German elections, citing reports of a State Department grant program for MAGA-aligned European groups. Merz also justified record-high defense spending, citing Russian hybrid warfare, and defended his controversial proposal for Ukraine's EU associate membership. He admitted that breaking his campaign promise on the debt brake has damaged his personal credibility.
German Chancellor Friedrich Merz held his second summer press conference, defending his coalition's performance despite low approval ratings. He highlighted healthcare financing reform and bureaucracy reduction as achievements, but acknowledged insufficient economic growth due to US tariff policy. Merz ruled out any cooperation with the far-right AfD ahead of September state elections in Saxony-Anhalt, Mecklenburg-Western Pomerania, and Berlin, where the AfD leads in polls. He warned against US interference in German elections, citing reports of a State Department grant program for MAGA-aligned European groups. Merz also justified record-high defense spending, citing Russian hybrid warfare, and defended his controversial proposal for Ukraine's EU associate membership. He admitted that breaking his campaign promise on the debt brake has damaged his personal credibility.