Russia is set to spend 6.3% of its GDP on defense this year — a post-Cold War high.

Ukraine's central bank left its key interest rate steady at 15.5% on Thursday for the third consecutive meeting, saying it expects inflation to continue to ease but wartime risks will constrain economic growth.

Russia now controls more than two-thirds of Ukraine’s Donetsk region — the main theater of the ground war. Russian forces have carved out a 10-mile-deep pocket around the Ukrainian troops defending the crucial city of Kostiantynivka, partly surrounding them from the east, south and west.

Russian President Vladimir Putin is stalling over a ceasefire. Meanwhile, Trump has changed his mind about sending weapons to Ukraine.

Ukraine-Russia war latest: Kremlin says Russia on the verge of recession as Putin prepares to address economic forum - Minister says country is ‘on the brink’ of an economic contraction amid ...