BRUSSELS (Reuters) -The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over Moscow's invasion of Ukraine, a report by the Stockholm Institute of Transition Economics (SITE) said on Tuesday.

Russian President Vladimir Putin has taken center stage at Russia’s Victory Day parade on Friday, surrounding himself by friendly world leaders in a highly choreographed show designed to show the Western world that Russia is far from isolated.

As Russia celebrates its 80-year-old victory over Nazi Germany, Putin wants the world to see that despite the new conflict in Europe, he still has friends in high places.

Polish Foreign Minister Radek Sikorski says is ordering the closure of Russia’s consulate in the southern city of Krakow after Polish authorities said Russia was responsible for a fire that destroyed a shopping center in Warsaw last year.

Chinese President Xi Jinping stood next to Vladimir Putin in Moscow as thousands of Russia troops and military vehicles participated in the Victory Day parade.

Ukrainian drone strikes have heightened anxiety across Moscow ahead of this year’s May 9 parade on Red Square, where President Vladimir Putin will be watching with other leaders.

Russia marks on Friday the 80th anniversary of the Soviet and allied victory over Nazi Germany, though there are fears that Ukraine may seek to disrupt the most hallowed celebration in the Russian calendar.

The attacks came a day before a Russian-proposed cease-fire was to take effect and as Moscow prepared to welcome foreign dignitaries for a parade.

Warning: This article contains graphic and disturbing accounts from Russia's war against Ukraine. The body of Viktoria Roshchyna, 27, was one of 757 bodies of mostly Ukrainian soldiers returned to Kyiv on Feb. 14, 2025, and reportedly bore unmistakable ...

PARIS (Reuters) -French President Emmanuel Macron said on Tuesday he was in favour of imposing new sanctions on Russia in coming days if Moscow failed to agree to a ceasefire, mentioning financial services and oil and gas as possible targets.