No big reveal on Red Square this May 9th but is the devil in the detail of Vladimir Putin's Victory Day speech? In commemorating the win over the Nazis, the Russian president did not as some predicted, declare war on Ukraine or announce a mass mobilization. He did however single out the perceived aggression of ''America and its minions'. A bit of bluster or can he still spring a surprise? What would be the interest in say drawing Nato members directly into the conflict?

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