Ukraine Update: 27 June, 2022

At the G7 Conference in Germany, the Group of Seven leaders are working on a new plan to minimize Russia’s oil profits as Ukrainian leader Volodymyr Zelenskiy continues to call for more arms as Russian air strikes continue across his nation. It has finally become clear to the G7 that Russia has been able to ride out the heavy sanctions placed upon it in response to its invasion of Ukraine. Russian oil sales have kept the nation afloat while causing a ripple effect of economic fallout from the conflict around the world.

Most G7 leaders are facing domestic political pressure as the conflict in Ukraine continues. The economic fallout mentioned above includes soaring inflation, runaway energy prices and the prospect of more significant hardships as the conflict goes on. To be sure, the Russia-Ukraine War has continued on far beyond the expectations of most analysts, observers and politicians. And while the G7 continues to pledge undying support for Ukraine in public, pressure is building behind the scenes for Western leaders to bring an end to the conflict and contain the spreading economic damage.

Zelenskiy has stated he wants to see the war conclude by the end of 2022. However, given the fact that Russia now has the initiative and Western populations are growing weary of the cost they are being forced to bear, a negotiated conclusion to the fighting appears more probable. Most likely one that cedes the Donbas to Russia in exchange for an end to the fighting.

Author’s Note: Apologies for the shortness of this update, I’m just getting over a stomach bug that kept me down for most of the weekend.

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