Russia’s 4-Year War Costs Rise as Trump Threatens Global Trade Deals
Russia's full-scale invasion of Ukraine enters its fourth year today with no sign of resolution. Domestic reality for Russian citizens has shifted toward a grueling war of attrition as the Kremlin raises VAT from 20% to 22% to sustain military spending. In the Lipetsk region, residents face rising utility bills, frequent drone sirens, and the proliferation of military recruitment billboards offering fifteen-thousand-pound signing bonuses. Simultaneously, President Donald Trump has ignited a fresh global trade firestorm. After the U.S. Supreme Court invalidated his previous tariff structure, Trump threatened much higher levies on any nation attempting to renegotiate existing deals. With the European Union and India already pausing trade talks, the global economy faces a period of acute instability as a new fifteen-percent tariff looms.
Topics Covered
- 🌍 Russia marks four years of the Ukraine invasion amidst mounting domestic economic pressure.
- 📊 The Kremlin raises VAT to twenty-two percent to fund a growing military budget deficit.
- 🏛️ The U.S. Supreme Court strikes down previous tariff measures under the IEEPA law.
- 💼 President Trump warns trade partners of higher penalties for backing out of current deals.
- ⚡ Global markets react as the EU and India suspend ratification of existing trade agreements.
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