MOSCOW, June 3. /TASS/. Russia and Ukraine exchanged conflict resolution memoranda despite recent attacks and stalled progress; the UK unveiled its largest defense spending plan in response to the perceived growing threat from Russia; and escalating US tariffs are expected to drive long-term structural changes in global trade. These stories topped Tuesday’s newspaper headlines across Russia.

Media: Russia, Ukraine trade conflict resolution memoranda in Istanbul as ceasefire talks falter

Recent strikes on military airfields and terrorist attacks in Russia’s border regions have influenced the course and outcome of the second round of negotiations between Russia and Ukraine in Istanbul, experts told Izvestia. According to them, Kiev’s actions were aimed at undermining the negotiation process. Nevertheless, on June 2, both sides exchanged memoranda on conflict resolution and agreed to a new prisoner exchange. One of the innovations was Russia’s proposal to implement localized ceasefires along specific sections of the line of contact.

"We agreed on the largest and most comprehensive exchange under the following formula: first, all seriously wounded and gravely ill individuals will be exchanged on an ‘all for all’ basis. This is a humanitarian gesture on our part," stated Vladimir Medinsky, head of the Russian delegation and Russian Presidential Aide, following the meeting.