Russia is prepared to consider a ceasefire in Ukraine to pave the way for a lasting settlement, but during any truce Moscow wants Western states to stop arming Kyiv and for Ukraine to stop mobilising troops,

President Aleksandar Vučić, who has refused to join western sanctions against Russia for its full-scale invasion of Ukraine, last year told the Financial Times that Serbian arms and ammunition were ending up on the Ukrainian side via intermediaries he claimed to have no control over.

Russia has continued to make billions from fossil fuel exports to the West, data shows, helping to finance its full-scale invasion of Ukraine – now in its fourth year.