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CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.
The week began with Russian President Putin giving a Victory Day speech in Moscow in which he did not call for greater mobilization but predicted victory: “All plans are being fulfilled. A result will be achieved—on that account there is no doubt.” But many observers noted the lack of specificity in Putin’s speech, and UK Defence Secretary Ben Wallace responded by stating that Russia is “repeating the errors of the last century’s totalitarian regimes” and “mirroring fascism and tyranny.” European Council President Charles Michel spent Victory Day in Odesa with Ukrainian President Zelensky. Fighting continued this week with battles near Kharkiv and a prolonged bloody battle for Mariupol; the US assessed that Russia is about two weeks behind its schedule in the Donbas conflict.
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