Russian President Vladimir Putin formalized the annexation of four Ukrainian regions on Wednesday despite major battlefield reversals in recent days shrinking the amount of seized territory Moscow controls.

Russia has escalated its seven-month war with the annexation drive, a military mobilization and warnings of a possible recourse to nuclear weapons to protect all of its territory.

Putin has now signed off on a law formally incorporating the four regions, representing about 18% of Ukraine's territory, into Russia, the state-owned TASS news agency reported on Wednesday morning.