Kyiv hit by Russian attack; Ukraine seeks EU aid; tech firms invest in AI chips

Kyiv experienced a significant Russian attack on July 2, involving drones and ballistic missiles, which resulted in over 10 fatalities and damage to more than 20 residential buildings, according to Mayor Vitali Klitschko. Concurrently, Ukraine has urged European Union partners to allocate €6.6 billion from the European Peace Facility for military assistance, citing a "window of opportunity" on the front lines. The Ukrainian government also initiated a new controlled export mechanism for its weapons and defense technologies. In the technology sector, South Korean firms Samsung Electronics and SK Hynix are planning substantial investments totaling approximately $876 billion in new chip production facilities and AI data centers. Separately, oil prices have declined for a third consecutive day, influenced by increased shipping through the Strait of Hormuz and progress in US-Iran talks. Sources: Forbes Ukraine