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Whose side is he on? U.S. threatens to cut arms supplies to Ukraine as Trump announces ‘ceasefire’ that is immediately ignored by Russia

Everything you need to know before you reach the office this morning.
Yuriy Ryzhenkov is that rare CEO who has led his firm of 33,700 people during a never-ending war. He is the chief executive of the largest steelmaker in Ukraine, Metinvest. More than 8,000 of his employees are fighting Russian forces. Factories are under constant bombardment. Hundreds of Metinvest colleagues have been killed. Amid the flames and destruction, Ryzhenkov says that this period of the war is as tough as anything the company has seen since Russia’s full-scale invasion of Ukraine more than four years ago. “The blockade of the seaports is more severe now than it was in 2022,” Ryzhenkov, who became CEO in 2013, tells me. “We’ve been hit numerous times. Our facilities have been hit…
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