Ukraine-Russia News
LAST UPDATE: June 21, 2025
EU Abandons Proposal to Lower Price Cap on Russian Oil to $45
The EU dropped its plan to reduce the Russian oil price cap from $60 to $45 per barrel, citing lack of support from the U.S. and instability due to the Iran–Israel conflict .
Insight
The decision highlights cracks in transatlantic cohesion and underscores how Middle East tensions can directly influence European energy diplomacy. The cap’s shelving may ease pressure on Russia, affecting global markets.
Putin says no recession or stagnation in Russia’s economy can be allowed
At the St. Petersburg Economic Forum, President Putin vowed that “under no circumstances” will Russia permit its economy to enter recession or stagnation, despite warnings that high inflation (~10%) and interest rates (~20%) threaten growth .
Insight
Putin’s strong directive reflects his determination to maintain domestic stability amid war-driven fiscal stress. Yet, economic fundamentals—Western sanctions, ballooning inflation, and slowed private investment—make this a formidable challenge.
Moscow promises to closely monitor foreign businesses that return to Russia
Russia’s Prosecutor General warned foreign companies returning to Russia will face tight scrutiny to ensure national benefit. Despite some Western–firm interest, no formal reentries have occurred .
Insight
The policy reflects a balancing act: Russia needs foreign investment to sustain its defense-backed growth, but remains vigilant of geopolitical loyalty—creating friction between attracting capital and protecting domestic champions.
Europe Sees Its Own Ports as Vulnerable in Standoff With Russia
European and NATO officials are reviewing port vulnerabilities, identifying chokepoints that could slow military mobilization should a large-scale conflict emerge with Russia .
Insight
The planning underscores growing strategic concerns in Europe amid Russia’s assertive geopolitical posture. Upgrading port infrastructure is becoming a critical element in alliance readiness and deterrence.
German military deems Russia ‘existential risk’ to nation and Europe
A leaked Bundeswehr strategy paper labels Russia as an “existential risk” to Germany and Europe, citing rapid military modernization and preparations for potential large-scale conflict .
Insight
This candid assessment signals a paradigm shift in Germany’s security posture, likely accelerating NATO defense investment and altering strategic dynamics on the continent.
