Russia, Ukraine
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RBC Ukraine on MSNRussia's economy shows more cracks under weight of war and sanctions - BloombergThe Russian economy is losing resilience amid the prolonged war in Ukraine and sanctions. Key sectors are experiencing a downturn, and banks are preparing for possible government bailouts, Bloomberg reports.
Moscow is "burning the candle at both ends" by loosening monetary policy to prop up growth and expanding wartime spending, wrote ISW analysts.
The US president says he will impose severe economic sanctions on Russia and its allies unless Putin meets the new deadline for a ceasefire. Follow live.
Former US President Donald Trump has shortened his deadline for Russia to halt its invasion of Ukraine, warning of sweeping economic consequences if Russian President Vladimir Putin fails to de-escalate the war within 10 to 12 days.
Russia is set to spend 6.3% of its GDP on defense this year — a post-Cold War high.
US President Donald Trump has said he will slash the 50-day deadline he gave for Russia’s Vladimir Putin to reach a ceasefire with Ukraine by weeks, to just “10 or 12 days” from now.