For subscribers
News analysis
Will Russia’s economy force a reality check on Putin’s Ukraine invasion?
Sign up now: Get ST's newsletters delivered to your inbox
Russia’s economy is in a bad shape and some say President Vladimir Putin will soon have to pursue a ceasefire even if he gets no concessions from Ukraine.
PHOTO: REUTERS
Follow topic:
- Putin demands Ukraine cede territory for a ceasefire, threatening continued military action if demands aren't met.
- Russia faces economic strain due to war costs, including labour shortages and depleted financial reserves, forcing unpopular tax hikes.
- Despite economic woes, Putin can sustain the war effort for at least a year, especially with Trump's stance favouring Ukrainian concessions.
AI generated
BRUSSELS – Russian President Vladimir Putin has doubled down on his demands that Ukraine must give up large chunks of its territory in return for a ceasefire in the war between the two nations.
Speaking to reporters on Nov 27 during a visit to the Central Asian republic of Kyrgyzstan, Mr Putin said he would halt its military offensive only if Ukrainian forces withdrew from land Russia covets
