TANVI RATNA: How Trump's multi-front pressure is shrinking Putin's operating space

A sanctioned Russian LNG tanker from the Portovaya project idled near Singapore in May 2026 with no buyer. At the same time, Ukrainian drones had already knocked roughly 700,000 barrels per day of Russian refining capacity offline across 16 major facilities. Europe had locked in a binding legal phase-out of Russian gas. And just four months earlier, U.S. forces had captured Nicolás Maduro in Venezuela. These are not isolated events, but connected parts of a strategic vise squeezing Russian power