Ukraine MPs vote themselves untracked monthly cash inside an IMF-mandated tax bill
$4,555 per MP per month, no reporting, no liability—signed into law on 15 April.
Ukraine’s executives were most optimistic since the invasion. Oil had other plans.
The results capture a moment that no longer reflects current conditions.
Emergency boilers sat in storage all winter. Now Ukraine is rethinking the whole approach.
Russia’s energy campaign failed to break Ukraine. Kyiv has until October to build something stronger than luck.
Kazakhstan hires Chinese firm to replace Shell and Eni as Ukrainian strikes hit Russia’s pipeline
Kazakhstan just replaced Shell and Eni with a Chinese construction firm at a key gas field. The Ukrainian drone campaign against Russia’s oil pipeline is the reason.
US restores Russia oil sanctions—except for the Russian refinery keeping US military jets in the air
Russia’s oil sanctions are back. Whether they bite is another matter.
The €35 billion Hungary lost while Orbán picked fights with Brussels
Two pots, €2 billion already gone, and a deadline in August.
Ukraine spent a year beating wartime inflation. A different war just reversed it.
Fuel costs surged 23% in March as the Middle East war pushed prices past the central bank’s forecast—and a rate hike is now on the table.
Mark Dixon: “We must declare the Economic World War on Russia”
Four years into Russia’s war on Ukraine, Mark Dixon thinks the West is losing the economic fight—not because the tools don’t exist, but because they’ve never been used at full power.
Oil jumped 8% as Trump’s Hormuz blockade undid the ceasefire crash
Talks collapsed in Pakistan. A naval blockade replaced a truce. For Russia’s war revenues, the brief window of relief is over.
Russia couldn’t take out Ukraine’s electricity. Now it wants the water.
After failing to freeze Ukraine with energy strikes, Moscow has shifted its sights—Kyiv isn’t waiting.
Vladislav Inozemtsev: A collapse is not imminent
Economist Vladislav Inozemtsev on oil windfalls, Ukrainian strikes, and why the war will be won on the ground
Oil posts biggest crash since 1991—but the Gulf ceasefire has two versions
Brent fell 15%. Missiles kept flying. Iran’s “open” Strait comes with a $2 million entry fee.
China opens its flour market to Ukraine as Kazakh producers pay for using Russian wheat
In the same week Beijing welcomed Ukrainian flour, it blocked Kazakh producers from using Russian wheat.
Trump’s Iran war lasted 39 days. The impact on Ukraine will last longer
Five weeks on, we are updating our analysis of the Iran war and its impact on Ukraine: what we got right, what we got wrong, and the moves that nobody saw coming.