Russia Holds Parade as Ukraine Gains Momentum
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- Russia held its most scaled‑back Victory Day parade in years.
- Ukraine is gaining momentum in the war with Russia.
Why it matters: The modest parade underscores Russia’s dwindling confidence and domestic messaging, while Ukraine’s rising momentum bolsters its international standing, strengthens morale among its forces, and forces Moscow to confront a conflict that no longer appears near its end in the coming months.