Russian Sanctions to be Lifted by 2025, Amidst Ongoing Conflict

US President Donald Trump plans to lift sanctions on Russia by March 2025, a move that could significantly impact the global economy and be seen as a victory for Russian President Vladimir Putin, as the conflict between Russia and Ukraine continues to escalate, with recent strikes killing at least 20 people and injuring dozens.

The US had previously imposed large-scale sanctions and tariffs on Russia, citing the country's actions in Ukraine, but the planned lifting of sanctions has raised concerns among Ukrainian officials, with President Volodymyr Zelensky accusing Russia of "absolutely pounding" Ukraine and calling for increased sanctions on the Kremlin. The US had also paused military and intelligence aid to Ukraine, but European leaders are now rallying to support the country, with Norway and other countries offering to provide military support.

The conflict has sparked a flurry of diplomatic activity, with high-level talks scheduled in Saudi Arabia and France to discuss a potential ceasefire, and the UK announcing a "coalition of the willing" to back any peace deal. However, a former UK national security adviser has warned that plans for UK peacekeepers may not be feasible. Meanwhile, Poland is increasing its military by 150% to around 500,000 troops and spending 4.7% of its economic output on defense.

As the situation continues to unfold, the international community is watching with bated breath, awaiting the outcome of the diplomatic talks and the potential impact of the lifting of sanctions on Russia. The conflict has already had a significant humanitarian toll, and any further escalation could have far-reaching consequences for the global economy and regional stability.