One of the news stories that emerged this weekend is that Saudi Arabia has agreed to host an international summit regarding peace in Ukraine. Interestingly, this summit is promoted by the United States and specifically excludes the participation of the Russian Federation (“Russia”). The idea is to attempt to sway governments in Latin America and Africa to press Russia to settle for less favorable terms.
It also suggests that the Spring/Summer counteroffensive has been a failure and Ukraine will simply lose more and more territory if the matter continues to drag on. Is there finally some realization that the war against Russia is devoid of economic logic?