Russian President Vladimir Putin is reportedly concerned about the state of his country's economy as President Donald Trump returns to the Oval Office. Trump's efforts to end the war in Ukraine have added to Putin's worries, as he invaded Ukraine in 2022.
During his campaign, Trump emphasized resolving global conflicts, including the Russia-Ukraine war. Lt. Gen. Keith Kellogg, Trump's envoy to Ukraine & Russia, expressed confidence in Trump's ability to end the war.
Despite thriving on oil, gas, and mineral exports, Russia's economy faces challenges such as labor shortages and high interest rates. This has prompted Russia's elite to consider a negotiated settlement with Ukraine as a wise move.
Kremlin spokesman Dmitry Peskov acknowledged the economic challenges but deemed the situation stable with a margin of safety. He mentioned that Russia could meet military requirements despite the economic issues.
Putin expressed readiness to compromise over Ukraine in potential talks with President-elect Trump. He emphasized Russia's willingness for negotiations and compromises, highlighting the need for both sides to be prepared.
In anticipation of Trump's return, Putin has strengthened ties with Iran and China. Following Trump's inauguration, Putin and Chinese President Xi Jinping pledged to enhance strategic coordination.
Russia and Iran recently signed a partnership pact, causing concerns among the US and its allies. Russian Foreign Minister Sergei Lavrov clarified that the treaty was not aimed at any specific country, drawing parallels to Russia's agreement with North Korea in 2024.
