Putin unfazed as his economy holds up

The Kremlin claims to be unfazed by Donald Trump's new ceasefire deadline, and with good reason: though dangerously overheated by the war machine and western sanctions, Russia's economy is far from collapse.

- Nina Kuryata & Kim Willsher

Sanctions are putting pressure on the rouble and dragging down economic growth as a boom driven by massive military spending comes to an end. They have also hit Russia’s oil and gas revenues: they made up about 30% of the federal budget last year, and dropped by a third this spring. The country’s oil exports remain stable by volume.