As Putin Gears Up for His ‘Big Announcement’, What Does 15% ‘Annexation’ Mean for Russia & Ukraine? News18 Explains

President Vladimir Putin is set to formally annex around 15 percent of Ukrainian territory after referendums on joining Russia in areas controlled by Russian forces or Russian-backed separatists. The referendums come after Russia suffered one of the biggest setbacks of the war when Ukrainian forces started a counteroffensive in September. ALSO READ | Kremlin Proxies Declare Victory in Referendum Votes, Ukraine Calls it Sham Putin is likely to announce the accession of occupied regions to the Russian Federation during his address to parliament today. HOW WILL IT HELP RUSSIA? Russia organized polls in occupied areas of the Luhansk, Donetsk, Kherson…