At the same time, Washington's involvement in the Ukraine standoff has already backfired on the US economy and put the dollar currency in jeopardy, according to him.

The US is providing Ukraine with significant amount of weaponry and ammunition to strengthen Kiev's position at the negotiating table, claimed President Joe Biden in his 31 May op-ed for The New York Times.

David Arakhamia, a member of Ukraine's negotiating team with Russia, echoed Biden's position on 4 June, stressing that Kiev will resume peace talks only after advanced weaponry arrives from Western allies.

Meanwhile, in recent weeks the US and its allies have placed "a renewed emphasis on the need for a negotiated settlement" to end the conflict, according to CNN.

The emerging push for a negotiated peace is an acknowledgment that Kiev has lost the war, says Larry Johnson, a veteran of the CIA and the State Department's Office of Counter Terrorism, which provided training to the US Military's Special Operations taskforce for 24 years.

Sputnik: Joe Biden authorised the delivery of the first batch of HIMARS to Ukraine. The White House is due to send even more weapons to Kiev after the passage of a $40 billion military aid package. Will this aid become a game-changer? Why?