Putin Says Russia Fighting for its Existence - May Imply Extended Campaign in Ukraine

Putin Speech:

• Putin quickly loses interest in the World War II commemorations and moves to justifying his war in Ukraine.
• “Nato didn’t listen to us… they were preparing to attack Crimea… a clash with neo-Nazis was inevitable… Russia struck back preemptively against aggression”
• Addressing Russian army, Putin says they are fighting for 'fate of motherland,' 'to protect people in Donbas,' 'Russia's security'
• Putin says Russia suggested signing security treaty, but NATO countries didn't want to listen, were preparing for an offensive
• Also degraded Ukrainian values and made parallels to them and Nazi Germany - highlighting that Russia is under attack
• In this speech he failed to declare a full mobilisation, but has not said Russia will back down - meaning potential for an extended campaign in Ukraine