Russian President Vladimir Putin claimed on June 27 that Moscow plans to cut its military expenditure beginning next year, in a rebuke of NATO members' plans to increase defense spending to 5% of GDP.

Putin's claims will likely be met with harsh skepticism from Western officials as Russia's military spending has continued to increase throughout its ongoing invasion of Ukraine.

The Kyiv Independent cannot verify claims made by Putin. The Russian president did not provide any specifics as to how Moscow plans to cut military spending, but added there has yet to be an agreement between ministries.

"We are planning to reduce defence spending. For us, next year and the year after, over the next three-year period, we are planning for this," Putin told reporters during a visit to Belarus. "Europe is thinking about how to increase its spending, on the contrary. So who is preparing for some kind of aggressive actions? Us or them?" Putin continued.

Putin's comments comes as NATO allies are increasingly concerned about Russia's military capabilities, including future threats to alliance members as well as ongoing sabotage efforts.

On June 25, NATO member states agreed to a new defense spending benchmark, committing to allocate 5% of their GDP annually to defense and security-related expenditures by 2035.

The decision comes as NATO allies increasingly believe Russia could rebuild sufficient military capacity to challenge the alliance within five years, with NATO Secretary General Mark Rutte warning that allies must act urgently to prepare for future threats.

"We see Russia's deadly terror from the skies over Ukraine every day. We must be able to defend ourselves from such attacks," Rutte said during a press briefing on June 23. "Our security environment has changed, and not for the better. The threats we face today demand that we do far more," he added.

Various European intelligence agencies as well as officials have increasingly delivered dire warnings about the threat emanating from Russia and Europe's current lack of preparedness. German intelligence chief Bruno Kahl told a parliamentary hearing in October that Russia will have the military capabilities to be able to attack NATO by 2030.

In 2024, Russia’s military spending surpassed the combined defense budgets of all European nations. Russia’s total defense expenditures surged by 42% in real terms amounting to $462 billion, according to the data by the International Institute for Strategic Studies (IISS).

By comparison, total defense spending across Europe, including the U.K. and EU member states, increased by nearly 12% last year to $457 billion, slightly trailing Moscow’s budget.

The Moscow Times reported in December that the Kremlin had spent an unprecedented $43 billion in the third quarter of 2024 alone.

‘Putin cannot stop’ – Estonian foreign minister says war in Ukraine existential for Russian president

As Russia continues to intensify its onslaught on Ukraine more than three years into the full-scale invasion, Kyiv faces a new challenge – keeping its Western allies, namely the new U.S. administration, engaged in the struggle. This became clear during the NATO summit in The Hague on June 24-25, where

The Kyiv IndependentMartin Fornusek

Russia is ready to hold a third round of peace talks on the war in Ukraine, Russian President Vladimir Putin told reporters on June 27, without specifying if he would directly participate in the negotiations.

"In general, we are ready for this (next round of peace talks), we need to coordinate the place and time," Putin said.

Putin added that the talks could potentially be held in Istanbul but the details have not yet been worked out. He added that another round of talks may bring peace closer as the terms for peace outlined in the countries' peace memorandums remain "absolutely opposite."

The latest peace talks between Russia and Ukraine took place on June 2 in Istanbul, following an earlier meeting on May 16. Despite Ukraine's insistence on a 30-day ceasefire, Russia has repeatedly rejected the offer, proposing only a temporary 2–3-day truce in limited areas to retrieve the bodies of fallen soldiers.

While no agreement on a comprehensive ceasefire has been reached, talks have led to a few major prisoner exchanges, including a 1,000-for-1,000 swap that took place in late May and a follow-up deal for up to 1,200 prisoners from each side.

Defense Minister Rustem Umerov said during a press briefing on June 26 that it was Ukraine's goal to organize a direct meeting between President Volodymyr Zelensky and Putin during the next round of negotiation.

In previous rounds, Putin had failed to show in-person sending lower-level officials to the meeting instead — despite Zelensky's willingness for in-person talks as well pressure from the United States.

On June 26, Turkish President Recep Tayyip Erdogan said Ankara is working to organize a meeting between Zelensky and Putin, with U.S. President Donald Trump potentially joining the talks.

Putin said on June 27 that it was "quite possible" that a meeting between himself and the U.S. president could take place. "We will be happy to prepare it," he briefly added.

Zelensky and Trump met during the NATO summit on June 25, where the two leaders discussed battlefield developments, Kyiv's need for additional air defense systems, and the potential for co-production of drones.

Zelensky has previously voiced openness to a trilateral meeting. On May 27, he told public broadcaster Suspilne that he was ready to sit down with both Trump and Putin.

Turkey previously hosted direct peace talks in March 2022 and has remained one of the few countries with open lines to both Kyiv and Moscow.

Putin under pressure to declare war on Ukraine, but experts say Russia isn’t ready

Despite suffering over 1 million casualties, pounding Ukrainian cities nightly with missiles and drones, and committing countless war crimes, one startling fact about Russia’s full-scale invasion remains — Moscow has yet to officially declare war on Ukraine. In February 2022, Russian President Vladimir Putin described what he believed was going to be a swift victory and the capture of Kyiv within days as a “special military operation.” Nearly three-and-a-half years later, the Kremlin is stuck

The Kyiv IndependentChris York

Ukraine's next goal in ongoing negotiations with Russia is to organize a direct meeting between President Volodymyr Zelensky and Russian President Vladimir Putin, Defense Minister Rustem Umerov said during a press briefing on June 26.

Speaking to journalists in Kyiv, Umerov, who was part of Ukrainian peace talks delegation, outlined a multi-stage negotiation process that began in January with an initiative from U.S. President Donald Trump. Umerov stressed that Ukraine welcomed the idea of a ceasefire from the outset and remains fully committed to a just peace.

"Ukraine has always remained consistent in its pursuit of peace," Umerov said. "We supported the U.S. initiative for a full ceasefire from the very beginning and demonstrated our commitment through multiple rounds of negotiations. But any dialogue must take place without ultimatums and with full respect for our country's sovereignty."

The talks unfolded in several rounds in Jeddah, Riyadh, Paris, London, and Istanbul. During the second round of negotiations in Riyadh, Ukraine communicated with Russia indirectly, through U.S. mediators. In Turkey, U.S. mediators were excluded from talks due to Russia's request, according to Umerov.

"President Zelensky's proposal to meet with Putin is aimed at showing Donald Trump that Moscow is not truly seeking peace," Mykola Kniazhytzkyi, a Ukrainian lawmaker from the European Solidarity party, told the Kyiv Independent.

"Its real goal is the destruction of Ukrainian statehood and the genocide of the Ukrainian people."

Oleksandr Merezhko, a lawmaker from Zelensky’s party and chair of the parliament's foreign affairs committee, called the proposal for a bilateral high-level meeting "an interesting political step." He said it is a logical move since "Putin decides everything in Russia."

However, the MP questioned the overall advisability of a direct meeting between Zelensky and Putin.

"It seems to me that it would be better to conduct such negotiations in a format involving not only Zelensky, but also the United States and the European Union," Merezhko said, adding that European leaders could help build a "balance of power," given the risk that the U.S. might potentially lean toward Russia.

He said that talks between the leaders should take place after the ceasefire, at least a temporary one, is in place.

"For them (Russia), negotiations are a tool of war. They have never conducted them in good faith and will never do this. In general, there is no need for negotiations, there is a need for pressure (from the West)," Merezhko said.

Putin under pressure to declare war on Ukraine, but experts say Russia isn’t ready

Despite suffering over 1 million casualties, pounding Ukrainian cities nightly with missiles and drones, and committing countless war crimes, one startling fact about Russia’s full-scale invasion remains — Moscow has yet to officially declare war on Ukraine. In February 2022, Russian President Vladimir Putin described what he believed was going to be a swift victory and the capture of Kyiv within days as a “special military operation.” Nearly three-and-a-half years later, the Kremlin is stuck

The Kyiv IndependentChris York

Umerov said Ukraine had accepted a U.S.-proposed full ceasefire across land, sea, and air in early March, but Russia has rejected the proposal.

While no agreement on a comprehensive ceasefire has been reached, talks have led to a few major prisoner exchanges, including a 1,000-for-1,000 swap that took place in late May and a follow-up deal for up to 1,200 prisoners from each side.

Umerov said the focus of recent negotiations has included humanitarian issues such as the release of civilians and children, as well as conditions for a meeting of Ukrainian and Russian leaders. He emphasized that the next stage must include top-level dialogue.

"After completing discussions on humanitarian issues, Ukraine plans to move forward to the topic of a leaders' summit for substantive dialogue," he said.

The latest peace talks between Russia and Ukraine took place on June 2 in Istanbul, following an earlier meeting on May 16. Both times, the Ukrainian delegation was led by Umerov. Despite Ukraine's insistence on a 30-day ceasefire, Russia proposed only a temporary 2–3-day truce in limited areas to retrieve the bodies of fallen soldiers. Umerov called this offer "insufficient" and accused Moscow of avoiding meaningful peace.

"Russia rejects even the very idea of stopping the killings," Umerov said following the June 2 talks. "That's why we appeal to the world: pressure is needed for real peace, not for an imitation of negotiations."

Zelensky has also criticized Moscow's limited ceasefire offers and called on Trump to follow through on promised sanctions if talks remain fruitless. Trump has repeatedly suggested that he is monitoring the peace process closely and warned that the U.S. response could change if Putin is not prepared to end the war.

No further U.S. sanctions were imposed after more than 100 days of Moscow's refusal to the proposed ceasefire.

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Editor’s note: This article originated as a winning story idea in a vote by members of the Kyiv Independent’s community. Join our community today and join our exclusive members-only Discord channel, where you can discuss and suggest stories, ask our journalists questions, and more. “Her strength is her

The Kyiv IndependentNatalia Yermak