6/2, 2:19 PM (Source: TeleTrader)
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Wallace: Everyone but Putin sees the reality

British Defense Minister Ben Wallace told CNBC on Friday on the sidelines of the Shangri-La Dialogue Defense Summit that Russian President Vladimir Putin is the only one who doesn't "see the reality." He went on to say that Moscow is "at risk of losing everything" if it decides not to withdraw from Ukraine.

"Russia, we see under continued pressure ... it's running out of stocks. I think the reckless and illegal use of targeting critical national infrastructure, civilian areas, is actually a sign of desperation, it's not a sign of strength by the Russian regime," Wallace shared, adding that he is optimistic about the final outcome of the war.

Touching upon the subject of the Storm Shadow long-range cruise missiles the UK supplied Kiev with, the defense minister said the armaments have given a "boost" to Ukraine's counteroffensive.

Baha Breaking News (BBN) / AY