Putin’s refusal to compromise on Ukraine, say analysts, is a colossal error costing Russia regional influence, lucrative energy markets and its place in the world.

In the days since President Donald Trump issued a 50-day ultimatum to Russian President Vladimir Putin to end the war in Ukraine, Kremlin officials have shown little interest in coming to the negotiating table.

The European Union approved a new series of sanctions against Russia on Friday in response to its ongoing war in Ukraine. The measures include a lower oil price cap, a ban on transactions involving the Nord Stream gas pipelines,