ISW Russian Offensive Campaign Assessment, March 23, 2025

Latest from the Institute for the Study of War.

Key Takeaways from the ISW:

  • US and Ukrainian officials are meeting in Riyadh, Saudi Arabia on the evening of March 23 to discuss the contours of the temporary moratorium on long-range strikes and a possible temporary maritime ceasefire in the Black Sea.
  • Unconfirmed reports suggest that there is tension between Russian Central Bank Chairperson Elvira Nabiullina and the Kremlin over Russia’s high interest rate and wartime monetary policies.
  • Ukrainian forces recently advanced near Borova, and Russian forces recently advanced near Toretsk and Pokrovsk.

Authors: Christina Harward, Karolina Hird, Nicole Wolkov, George Barros, and Frederick W. Kagan with William Runkel.

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