• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Russian military vehicles drive during a parade on Victory Day, which marks the 78th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia May 9, 2023. Pelagiya Tikhonova/Moscow News Agency/Handout via REUTERS
Russian military vehicles drive during a parade on Victory Day, which marks the 78th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow, Russia May 9, 2023. Pelagiya Tikhonova/Moscow News Agency/Handout via REUTERS
Russian service members take part in a military parade on Victory Day in Red Square in central Moscow, May 9.   Pelagiya Tikhonova/Moscow News Agency
Russian service members take part in a military parade on Victory Day in Red Square in central Moscow, May 9. Pelagiya Tikhonova/Moscow News Agency
Home
World
Europe

Factbox: Why does Russia celebrate Victory Day on May 9, and what does it mean for Putin?

May 9th, 2023 | 11:25 AM WORLD Europe 4

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Ukraine's parliament approves Yevhenii Khmara as new defence minister
Russian drone attacks kill five in Ukraine's Kherson, governor says
ECB's Rehn says wage growth remains moderate, no second-round effects
Ukraine's anti-corruption agencies launch probe ahead of key defence minister vote
By Reuters

Here's a quick briefing on what Russia is commemorating on Tuesday and why it matters for President Vladimir Putin.

WHAT IS SPECIAL ABOUT THE DATE OF MAY 9?

For Russians, Tuesday marks the 78th anniversary of victory over Nazi Germany in World War Two. The Soviet Union - then including not only Russia but also Ukraine, Belarus and others - lost 27 million people in what Russians call the "Great Patriotic War", more than any other country.

WHY DOES IT MATTER RIGHT NOW?

Victory Day is one of Russia's most important public holidays. For Putin, it is an opportunity to project to his people an image of Russia as a powerful nation of winners, standing on the right side of history in defeating fascism.

He has repeatedly likened the war in Ukraine, where his forces launched a full-scale invasion in February last year, to the challenge of fighting Adolf Hitler. Ukraine and its Western allies denounce that as a false narrative to justify the seizure of Ukrainian land, the destruction of cities, the deaths of tens of thousands of people and the creation of millions of refugees.

Ukrainian President Volodymyr Zelenskiy said on Monday that it was modern Russia that was now pursuing the Nazis' goal of "enslavement and destruction".

WHEN WAS THE FIRST VICTORY DAY?

Nazi Germany's unconditional surrender came into force at 11:01 p.m. on May 8, 1945, marked as "Victory in Europe Day" by France, Britain and the United States. In Moscow it was already May 9, which became the Soviet Union's "Victory Day".

Soviet leader Josef Stalin decreed a holiday, and the first victory parade on Red Square, featuring captured German insignia, was held on June 24, 1945.

HOW DID VICTORY DAY EVOLVE OVER THE YEARS?

The Soviet Union celebrated the 20th and 40th anniversaries of Victory Day with Red Square parades in 1965 and 1985. After the fall of the Soviet Union, Russian President Boris Yeltsin made them an annual event from 1995.

Under Putin, Victory Day increasingly became a muscular display not only of marching battalions but also of Russia's latest weaponry, including warplanes, tanks, and nuclear-capable intercontinental ballistic missiles.

WHAT WAS SPECIAL ABOUT THE BUILD-UP THIS YEAR?

In the two weeks leading up to this year's event, Russia saw a sharp increase in attacks on its own territory, including on freight trains and a major oil refinery. A well-known nationalist writer was wounded when his car was blown up by a bomb last weekend.

Most dramatically of all, Russia accused Ukraine and the West of an attempted drone attack on the Kremlin citadel itself on May 3, specifically linking the incident to the May 9 build-up. Ukraine denied it, and the United States said Russian accusations that it orchestrated the alleged attack were "lies".

All these events combined have forced Russia to bolster security and scale back celebrations across the country, underscoring the fact that its "special military operation" in Ukraine is not proceeding according to Putin's script.

WHAT DID PUTIN SAY THIS TIME?

Putin said Russia was in a "sacred" fight with the West over Ukraine. He accused the West of being consumed by Russophobia, and of forgetting the decisive role of the Soviet Union in defeating Hitler.

But beyond these messages - familiar from many previous Putin speeches - he said nothing new about the state of the war or the strategy to achieve victory.

Putin spoke for only 10 minutes, a minute less than last year. He watched as thousands of soldiers then marched across Red Square to the accompaniment of stirring martial music, but the accompanying parade of military hardware was drastically pared back by comparison with previous years. The entire event on the square was over in well under an hour.

  • Topic
  • Ukraine
  • CRISIS/RUSSIA
  • VICTORY (FACTBOX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Ukraine's parliament approves Yevhenii Khmara as new defence minister

Related Posts

Europe
August 19th, 2026

Ukraine's parliament approves Yevhenii Khmara as new defence minister

Europe
August 19th, 2026

Russian drone attacks kill five in Ukraine's Kherson, governor says

Europe
August 19th, 2026

ECB's Rehn says wage growth remains moderate, no second-round effects

Europe
August 19th, 2026

Ukraine's anti-corruption agencies launch probe ahead of key defence min...

Europe
August 18th, 2026

EU sees Iceland vote as potential boost for enlargement optics

Europe
August 18th, 2026

German court convicts Ukrainian man over parcel bomb plot tied to Russia

The Wire
Aug 20th 5 h ago
Technology

China puts robocops on traffic duty, minus the arrest power...

Aug 20th 6 h ago
Soccer

Japan's Miura, 59, becomes oldest scorer in Emperor's Cup h...

Aug 20th 6 h ago
Environment

A decade after earthquake, Italy's Amatrice struggles to re...

Aug 20th 6 h ago
ROI: Reuters Open Interest

The Iran war energy crisis is just getting started

Aug 20th 6 h ago
Media & Telecom

'Baby Shark' boy returns to stage as a K-pop singer

TRENDING ON FINANCETIME
Aug 20th, 2026 Litigation

SK Hynix to pay 60% of employee bonuses in company stock under preliminary deal, says source

Aug 20th, 2026 Asia Pacific

Outsider who could decide New Zealand's next government wants to tax wealth, not work

Aug 20th, 2026 Business

Aegon raises share buyback plan to 350 million euros

Aug 20th, 2026 Africa

South Africa's Exxaro half-year profit down 20%, cuts dividend

Aug 20th, 2026 Cricket

Australia look for response to 'Darwin Disaster' in second Bangladesh test

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT