Giselle, Iulia, and Dalibor anticipate the new phase of the war in Ukraine. Giselle provides a breakdown of the Ukrainian military's long-anticipated counter offensive in the Kherson Oblast - the "next phase" of the war - where she believes the pendulum will swing in favor of the Ukrainians. Iulia offers updates on a wave of war-related treason accusations around the world, from Ukraine to the United States to Bulgaria. Dalibor shares about Ireland's unexpected involvement with the war and discusses the feasibility of Germany weaning off Russian energy supplies, its credible commitment to that pledge, and the role of "shock therapy" in the German economy.

Show notes: "Germany Must Kick Its Russian Gas Habit Now. It Will Hurt, but Going Cold Turkey Is the Only Option" by Dalibor Rohac for The Telegraph; "Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain" by the Yale School of Management.