Russian President Vladimir Putin's invasion of Ukraine has been "a catastrophic strategic disaster," according to a top U.S. defense official.
"But I can say one thing with confidence, which is, Russia has already suffered a massive strategic failure. That's not going to change," Colin H. Kahl, the U.S. Under Secretary of defense for policy, told the Defense Writers' Group on Tuesday.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.