STEVEN MNUCHIN CALLS PUTIN'S UKRAINE INVASION A 'GIANT MISCALCULATION' Former Treasury Secretary Steven Mnuchin said on Tuesday he believed that Russia’s invasion of Ukraine was a "giant miscalculatio

STEVEN MNUCHIN CALLS PUTIN'S UKRAINE INVASION A 'GIANT MISCALCULATION' Former Treasury Secretary Steven Mnuchin said on Tuesday he believed that Russia’s invasion of Ukraine was a "giant miscalculatio

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STEVEN MNUCHIN CALLS PUTIN'S UKRAINE INVASION A 'GIANT MISCALCULATION'

Former Treasury Secretary Steven Mnuchin said on Tuesday he believed that Russia’s invasion of Ukraine was a "giant miscalculation" by Vladimir Putin.

Speaking at the Milken Institute Global Conference in Los Angeles, he said he was surprised that Putin went forward with the invasion.

Mnuchin said having met Putin on several occasions, his interpretation was that "this was a giant miscalculation on his side. He never thought he'd end up in this situation. He thought this would be easy without firing a shot. And now he has a difficult time with an off-ramp." He said it was ironic that "the more successful Ukraine is in pushing him back, the harder it is going to be to create an off-ramp for him."

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