NYT: Putin Is Feeling The Pressure

Experts named the main "pain points" of the Russian Federation.

Active negotiations between the United States and Russia on the war in Ukraine have so far failed to bring a breakthrough. Before meeting with a U.S. delegation on Dec. 2, Russian President Vladimir Putin said he was ready to continue the war against Ukraine's European allies.

The The New York Times notes that Russia faces a number of challenges that could affect the course of the conflict, but none of them have so far given the United States a significant advantage in negotiations.

"There are moments when Putin probably feels pressure, but none of them have reached a point where he feels he has to make a decision or has run out of options," said Fiona Hill, a senior fellow at the Brookings Institution in Washington.

Russian Economy and Sanctions

Before the talks, Putin emphasized that Russia has the economic and military resources to continue fighting. Yuri Ushakov, the Russian leader's foreign policy adviser, added that recent successes by Russian troops had a "positive impact" on the negotiation process.

At the same time, Russian oil and gas revenues, which finance the war, have fallen, and the United States has imposed new sanctions on Rosneft and Lukoil.

"Declining oil revenues are likely to be an ongoing headache for Russia," said Clifford Kupchan, head of New York-based Eurasia Group.

The banking crisis and high interest rates are also putting pressure on Russia's economy. In particular, state monopoly Russian Railways has debts of more than $50 billion, and car production has declined due to falling sales.

Russia continues to achieve results on the battlefield, though analysts point to huge losses. New recruits replace about 30,000 dead each month, motivated in part by high salaries.

"Putin apparently doesn't mind a grueling war of attrition and repeatedly claims Russia is winning," the publication concludes.

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