Ukraine War Strains Russian Economy, Limits Military Spending

The ongoing war in Ukraine is severely impacting the Russian economy, with inflation soaring to 10.1% and interest rates reaching 21%, the highest in over 20 years, according to UK intelligence. These economic pressures are making it increasingly difficult for President Vladimir Putin to maintain military spending, as the value of the ruble has risen, complicating exports of oil and gas. In a related context, President Donald Trump has faced challenges in fulfilling his pledge to end the war, despite achieving temporary ceasefires in the Black Sea. Ukrainian President Volodymyr Zelenskyy emphasized that without U.S. support, Ukraine would suffer significant losses and would struggle to achieve a just peace, highlighting the crucial role of American military and financial assistance. As negotiations continue, Zelenskyy and Trump’s contrasting approaches reflect the complexities of resolving the conflict. The situation remains tense as both nations navigate the difficult economic and military landscapes shaped by the war.