Putin's 'one-tank' military parade was an embarrassment for Russia, analysts say

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Putin's 'one-tank' military parade was an embarrassment for Russia, analysts say
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Russia's scaled-down Victory Day military parade highlighted the country's depleted resources.

Russia's scaled-down Victory Day military parade on Tuesday showed not only Russia's insecurities over possible Ukrainian attacks but also highlighted the country's depleted military resources, analysts noted.

May 9 is a public holiday in Russia when it commemorates the Soviet Union's victory over Nazi Germany in World War II. It is arguably the most important day in Russia's public calendar and history, forming a central part of the country's modern national identity. The fact that only one Stalin-era tank was on display in the military parade through Red Square was particularly eye-catching, analysts noted.

Previous years' Victory Day parades have seen Russia display long lines of tanks. Here, a Russian T-90A tanks rolls through a previous parade on Red Square.Dickinson noted that, "inevitably, the embarrassing absence of tanks at this year's Victory Day parade has been widely interpreted as further evidence of Russia's catastrophic losses in Ukraine," a point echoed by the U.K.'s Ministry of Defence.

A spokesperson for the Russian defense ministry wasn't immediately available for comment when contacted by CNBC.Security concerns were the ostensible reason for scaled-back Victory Day events in Russia, with an alleged drone attack on the Kremlin last week acting as a precursor to — and justification for — a lower-profile event.

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