US Secretary of State Marco Rubio said Monday that this week is “very critical” for Donald Trump’s plan to end the war in Ukraine. Russia’s Vladimir Putin made news on Monday by offering a three-day ceasefire beginning on May 8, a move perhaps motivated by skeptical recent comments from Trump on Russia’s willingness to bargain in good faith.
The list of issues still separating Russia and Ukraine remains long, but the larger reason for doubting the war will end soon is a near-complete lack of trust between Moscow and Kyiv and each government’s hope that it can still improve its position on the battlefield.
For Ukraine, there are new signs of hope. In recent days, reports have emerged that Russia’s wartime economy has begun to sputter – Goldman Sachs reports that Russia’s annualized economic growth has fallen from about 5% at the end of last year to below zero now. The boost that Russia’s shift to wartime production provided the country’s economy appears to be used up. In addition, the lower global oil price is biting into Russia’s export revenues, particularly from economically slumping China.
Ukrainian forces can also take heart from the early successes of its plan to build more and better drones domestically, including smaller exploding models that can be controlled remotely from underground bunkers.
For now, all eyes remain on Trump and his waning patience with a war he’s so far proven unable to stop.
