As Zelenskyy lauds Europe and the U.S. for ramping up economic pressure on Putin over the war in Ukraine, Moscow dismisses them as a counterproductive "act of war."

Ukrainian intelligence has recorded Russia's large losses from the recently imposed sanctions. According to forecasts, the state’s losses from restrictions on the oil sector alone could exceed $50 billion per year,

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil.

As Trump's plan to meet Putin is called off, Zelenskyy says another bloody night in Ukraine shows Russia isn't feeling "enough pressure for dragging out the war."

Russian malign influence operations took center stage at the event, and participants discussed how Europe can forge a path without U.S. support.

Financially speaking, the U.S. sanctions will obviously have an effect. Indeed, even before these sanctions were rolled out yesterday, Russia’s economy has slowed considerably this year, after growing an estimated 4.3 percent in 2024 — faster than many other Western economies.