Putin said the EU can play a constructive role in pushing Ukraine to make concessions.

Switzerland said it will reconsider extending the service life of its existing combat aircraft after a proposed CHF6 bln (about $7.6 bln) purchase of new jets from the United States stalled over price. Parliamentarians proposed keeping F-5 Tiger and F/A-18 jets in service into the 2030s to avoid a "serious weakening" of operational fighter capability amid F-35 delivery delays. The Federal Office for Defence Procurement said work to ensure the F/A-18 fleet can operate into the early 2030s has been completed. Defence Minister Martin Pfister opposes the extension, saying it would cost millions of francs and is neither in Switzerland’s security interest nor fiscally responsible.

OECD: global steel excess capacity could reach 745 mln tonnes by 2028.