President Volodymyr Zelensky has announced the date when Ukraine, together with Europe, plans to unveil a new peace plan. The Vatican has called on China to play a more active role in negotiations. Meanwhile, the Russian authorities have approved year-round military conscription, which many analysts see as preparation for a possible new wave of mobilization in response to heavy losses on the battlefield and to demonstrate a willingness for prolonged war.
Russia faces a deepening economic crisis: the Central Bank warns of the worst downturn since the 1990s, with major companies like Rosneft and Lukoil losing billions in value. Defense factories are cutting production, with declining exports and lower oil prices expected to further increase the budget deficit. The European Union has strengthened sanctions and is closing loopholes for Russian citizens in Belarus and other countries.
Internationally, the Vatican and China are calling for a broader coalition of countries to pressure Russia to end its aggression. Estonia has reported downing Russian drones close to a US intelligence base, while Ukraine has continued launching drone attacks on Moscow. France is discussing military aid for Ukraine, prompting strong reactions in Russian media.
This video analysis examines the prospects for the proposed peace plan, Western resolve to support Ukraine, and further risks and scenarios in the ongoing conflict with Russia.
