Moscow Plans Ukraine Offensive

This is a Russia news story, published by CNBC, that relates primarily to RUSI news.

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Moscow

CNBC

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US Politics

Russia’s struggling war economy might be what finally drives Moscow to the negotiating table

Summary

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82% Informative

War experts believe Moscow is planning a summer offensive in Ukraine to consolidate territorial gains in the southern and eastern parts of the country.

A slowdown in inflation, declining industrial output and consumer spending all point to a slowdown in the Russian economy.

Russia 's central bank has stood the course of keeping interest rates high in a bid to lower the rate of inflation.

Russia 's finance ministry said in April that it expects 24% lower revenues from oil and gas this year , compared to earlier estimates.

A lower oil price will "severely limit Russian revenue while its reserves are becoming depleted," RUSI 's analyst Watling remarked.

"Under such conditions the Russians may move from Potemkin negotiations to actually negotiating," Watling said.

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formal

Language

English