Victory Day in Russia, which marks the surrender of Nazi Germany to the Soviet Union, has long held particular importance in Vladimir Putin’s Russia.

Yet this year the May 9 celebration – usually replete with extensive parades across the country and a demonstration of military hardware in Moscow – is expected to be significantly pared down. That’s due to Kyiv’s ongoing long-range military capabilities. For the first time in two decades, Russian officials have said, there will be no lavish display of tanks and missiles.

The reality for Putin is that the war in Ukraine, now in its fifth year, continues to be a grueling drain on Russian men, its economy and resources – and may continue to be for some time.

That was underscored by the European Union’s April 23 approval of a US$106 billion loan package to Ukraine. The aid, which will be a boon to Ukraine’s war-torn economy, had been stymied by EU-member Hungary under its former president, Viktor Orban, who was ousted in April 12 elections.

The resumption of EU aid and the removal of a pro-Moscow European voice at the EU represent major blows to Russia’s regional strategy. Perhaps trying to reset the narrative, Russia declared it would mark this Victory Day with a two-day ceasefire with Ukraine. Ukrainian President Volodymyr Zelenskyy responded by saying his country would also observe a ceasefire, starting two days earlier on May 6.

But there remain few immediate signs of a breakthrough in the conflict – and Russia appears chiefly interested in negotiating Ukraine’s future not with Kyiv but with U.S. President Donald Trump, who has been sympathetic to Russian interests.

As a scholar of contemporary politics in Eastern Europe, I see that as part of a pattern of Russian miscalculations and consistent denial of the will of citizens in democratic societies in........

© The Conversation