Key Takeaways from ISW:
- The Kremlin is demanding that Russia have a veto over any Western security guarantees for Ukraine in an effort to undermine ongoing US, European, and Ukrainian efforts to establish conditions for lasting peace in Ukraine.
- The Kremlin appears to be demanding that any security guarantees be based on those proposed in the Istanbul 2022 framework, which would grant Russia and its allies the right to veto Western military assistance to Ukraine and leave Ukraine helpless in the face of future Russian threats.
- The Kremlin is continuing to indicate that Russian President Vladimir Putin is unwilling to have an immediate bilateral meeting with Ukrainian President Volodymyr Zelensky on the timeline proposed by US President Donald Trump.
- The Russian economy continues to face budget deficits as a result of increased defense spending and detrimental effects of Western sanctions and secondary tariffs.
- Secondary tariffs are likely forcing Russia to sell oil below market price, which could be decreasing the incoming flow of foreign funds into the Russian economy and depleting Russia’s primary source of wealth.
- The Kremlin is reportedly considering replacing Russian Investigative Committee (Sledkom) Chairman Alexander Bastrykin, likely as part of the Kremlin’s efforts to form a new and younger elite.
- Ukrainian forces advanced near Pokrovsk. Russian forces advanced in northern Sumy Oblast and near Lyman, Toretsk, and Velykomykhailivka.
Authors: Jennie Olmsted, Daria Novikov, Jessica Sobieski, Justin Young, Anna Harvey, Kateryna Stepanenko, Nate Trotter, Adham Fattah, George Barros, and Frederick W. Kagan.
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