For the First Time Since 2023, Russia Is Losing Ground in Ukraine — and Putin’s War Chest Is Burning Behind Him

The map is finally moving against Putin. For the first time since 2023, Russia's share of occupied Ukraine is shrinking — a small shift, but a real one, won at a cost of nearly 1.5 million Russian casualties, the worst of any European nation since WWII. And behind the front, Ukraine's "long-range sanctions" are torching the refineries that fund the war, forcing fuel rationing in 56 regions. Putin wanted a war of days. Five years in, the realistic forecast is Russia muddling along, absorbing losses, and hoping to ride it out.

For the First Time Since 2023, Russia Is Losing Ground in Ukraine — and Putin’s War Chest Is Burning Behind Him

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