Overview

• Vladimir Putin said Moscow and Kyiv submitted “absolutely contradictory” peace memorandums that prevent agreement on fundamental terms.
• Negotiators have conducted multiple prisoner swaps freeing over 1,000 soldiers on each side.
• Russia has transferred the remains of roughly 3,000 Ukrainian servicemen under the latest exchange.
• The Kremlin refuses a standstill ceasefire, steps up air raids and insists on additional Ukrainian territorial concessions and weapons limitations.
• Putin acknowledged defence spending at 6.3 percent of GDP is driving inflation and he criticized NATO’s planned budget increases.