Russia's Rainy-Day Fund Lost Around $6 Billion in May
The fund's readily usable resources declined to 2.8 trillion rubles ($35.7 billion) in the month, the Finance Ministry said on Wednesday. That's a loss of 453.8 billion rubles ($5.8 billion) available for budget deficit financing.
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Yahoo
10 minutes ago
- Yahoo
UK Reveals Deadly Reason Why Putin Wants Ukraine To Hand Over Unoccupied Land To End War
The Ministry of Defence has revealed why Vladimir Putin wants Ukraine to hand over large swathes of its unoccupied land to end the war. In its latest intelligence update on the conflict, the MoD said Russia would be forced to fight for more than four years and suffer nearly two million casualties if it had to fight for it. The analysis came as Putin set out his peace plans at a summit with Donald Trump in Alaska. According to the Reuters news agency, the proposed deal would see Ukraine fully withdraw from the eastern Donetsk and Luhansk regions in return for a Russian pledge to freeze the front lines in the southern regions of Kherson and Zaporizhzhia. But the MoD said: 'Based on the rate of Russia's incremental battlefield advances so far in 2025, it would take Russian forces approximately 4.4 more years to gain 100% of the four Ukrainian oblasts' territory. 'Based on Russia's average daily casualty rate in 2025 so far, as reported by Ukrainian general staff, 4.4 more years of war would lead to approximately 1,930,000 further Russian casualties (killed and wounded). 'This is in addition to the approximately 1,060,000 casualties Russia has already likely sustained since launching the full-scale invasion of Ukraine in 2022, including around 250,000 killed or missing (presumed dead).' After his talks with Putin, Trump told Fox News: 'I think we're pretty close to a deal. Ukraine has to agree to it. Maybe they'll say 'no'.' But speaking following talks with European Commission president Ursula von der Leyen in Brussels today, Ukrainian president Volodymyr Zelenskyy said: 'The constitution of Ukraine makes it impossible to give up territory or trade land. ' He said any such moves would need to be discussed at a three-way summit involving him, Putin and Trump. Von der Leyen, also insisted that 'international borders cannot be changed by force'. Related... Volodymyr Zelenskyy Delivers Blunt Message To Donald Trump After His Ukraine War U-Turn Trump Floats Alternative After Failing To Secure Russia-Ukraine Ceasefire Deal: 'Lives Will Be Saved' Trump Writes Post About Moscow That's Absurd Even For Him
New York Times
12 minutes ago
- New York Times
Trump and Putin Find Common Ground on One Issue: Biden
President Trump and President Vladimir V. Putin of Russia did not agree on a cease-fire to the war in Ukraine during their meeting in Alaska. But they did agree on something else: They both despise Joe Biden. During their private meeting and their public appearance in Anchorage on Friday, both leaders blamed Mr. Biden for the war in Ukraine, never mind that Mr. Putin was the one who ordered troops to invade his neighbor and keeps authorizing strikes against civilian targets. The Russian president complained that Mr. Biden did not accede to Russian demands before the full-scale invasion three and a half years ago, and he played to the current president's ego by agreeing that the war would not have happened had Mr. Trump still been in office in 2022. By Mr. Trump's account, Mr. Putin behind closed doors also endorsed the lie that Mr. Trump actually won the 2020 election, only to have it stolen by Democrats. 'I think that he respects our country now,' Mr. Trump said of Mr. Putin during a post-summit interview on Fox News. 'He didn't respect it under Biden, I can tell you that. He had no respect for it. I was so happy when he said this would have never happened. This — all those lives would be saved if they had a competent — if we had a competent president.' It was unorthodox, to say the least, to see a sitting American president join a foreign dictator accused of war crimes onstage in Anchorage to bash a former American president. But it underscored that Mr. Trump, with his increasingly authoritarian tendencies, in some ways finds more common ground with the repressive leader of Russia than he does with his own country's leaders. Want all of The Times? Subscribe.
Fox News
12 minutes ago
- Fox News
Former NATO commander says 'it's up to the US' to stop Putin
Ret. Gen. Wesley Clark discusses Vladimir Putin's proposal to Volodymyr Zelenskyy to end the war in Ukraine and President Donald Trump's plan going forward as he pushes for peace.
