Vladimir Putin is growing distressed by challenges cropping up in the country's economy, which include high inflation and labor shortages, Reuters reported.

Domestic activity has become strained in recent months by labour shortages and high interest rates introduced to tackle inflation, which has accelerated under record military spending.

Russian President Vladimir Putin is increasingly concerned about the economic pressures of the ongoing Ukraine war, as former U.S. President Donald Trump, back in office, pushes for a resolution to the conflict.