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The hidden cost of Putin’s war: A more dependent Russia
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The hidden cost of Putin’s war: A more dependent Russia

by Toby Woodall

Russian President Vladimir Putin has increasingly characterized his all-out war against Ukraine as a struggle for "sovereignty," yet what limited territorial gains Russia has achieved since 2022 pale in significance to the staggering dependence on China that has emerged. While the Kremlin had already been pursuing a "pivot to the East" for some time, this was never presented as the rapid wholesale embrace of Beijing necessitated by the protracted conflict. In fact, Western sanctions have left M

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Ukraine War Latest: Ukraine captured more territory than it lost to Russia over February 2026, Syrskyi says

Key Developments on March 2: * Ukraine captured more territory than it lost to Russia over February 2026, Syrskyi says * US deploys LUCAS kamikaze drones against Iran 'for first time in combat' * 70% of Ukrainians skeptical US-Ukraine-Russia talks will bring lasting peace, poll shows * Russian drone hits passenger train in Dnipropetrovsk Oblast, 1 killed, 10 injured Ukrainian forces captured more territory in February 2026 than Russian forces were able to occupy in the same period, Ukraini

The unintended winner of an Iranian oil shock

As markets opened on March 2, Russian officials were quick to frame the escalating Middle East crisis as an economic opportunity for the Kremlin. Within hours of the first U.S. and Israeli strikes, Russian Envoy Kirill Dmitriev quickly posted on X about crude potentially hitting "$100+" per barrel. Brent crude futures on the London ICE exchange initially had risen 13.04%, peaking at $82.37 per barrel — the highest level in over a year. Prices later eased to $79.38. The spike followed Iran's M

The tanker "Eventin," part of Russia's "shadow fleet," off the coast of the island of Rügen, Germany, on March 24, 2025.

Any comparison of the US-Iran conflict to the Russia-Ukraine war is ignorant

As President Donald Trump ordered U.S. forces to begin their assault on Iran, David Hearst, the editor-in-chief of the Middle East Eye, a Qatari-funded, Al Jazeera offshoot, declared, "There is a chilling but uncanny resemblance in the way Donald Trump is preparing to attack Iran, and the way Vladimir Putin invaded Ukraine." It is an ignorant statement infused with moral confusion. On July 12, 2021, Russian President Vladimir Putin published "On the Historical Unity of Russians and Ukrainians"

Smoke rises after a series of explosions are heard in Tehran, Iran, on March 1, 2026.

About Russia

The Kyiv Independent’s coverage of news on Russia. Spanning eleven time zones across Eastern Europe and Asia, Russia has an estimated population of 146 million people. Russia’s capital city is Moscow, which is home to almost one in 10 Russians. Russia’s official currency is the Russian Ruble.

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