Russia couldn’t fix its oil revenues. The US Air Force did it.
First-half March data show Russia’s fossil fuel revenues up 14%, as the Hormuz closure reversed India’s retreat from Russian crude.
Ukraine pauses rate cuts as Middle East oil shock rewrites inflation forecast
The NBU had one cut behind it and more planned. Then oil prices spiked.
Three years of wartime growth—built almost entirely on government spending
Three years of wartime growth—but the engine is government spending, not a recovering economy.
Running restricted goods to Russia used to get you sanctioned. Apparently it now gets you unsanctioned.
Cleared entities include a Turkish network serving Russian intelligence services and a UAE firm that shipped manufacturing equipment to Russia.
South Korea’s $8 million bet: Ukraine’s postwar railway will look nothing like the Soviet one
An $8 million Korean grant is funding the blueprint for Ukraine’s break from Soviet-era rails.
Ukraine’s graphite plant proves Western supply chains can bypass China—one African batch at a time
Chinese dumping shut it down. African ore brought it back.
Why Ukraine may lose a fifth of its harvest—and what two wars have to do with it?
Two wars have halved Ukraine’s fertilizer output and spiked import costs 54%. The farm lobby says a 20% harvest loss is likely.
Sanctions finally squeezed Russia’s oil revenues in half. Then Iran sent prices back up—three weeks too late.
The Iran windfall arrived three weeks after Q1 closed. Now Moscow is eyeing the war budget.
The US waiver was meant to stabilize markets. Russia’s oil income jumped $890 million in a week.
Bloomberg data shows the $28 penalty Western sanctions built into every Russian barrel has nearly vanished.
The EU introduced fertilizer tariffs to cut Russian war revenues. Budapest wants them suspended. The election is in 27 days.
Budapest wants Russia’s fertilizer revenues restored. It’s blaming Iran.
Two weeks of someone else’s war earned Russia more than a month of someone else’s sanctions cost it
Zelenskyy says the windfall—compounded by US sanctions relief—gives Putin more room to keep fighting.
Zelenskyy calls European pipeline pressure “blackmail”—and a sanctions rollback in disguise
The president says some European leaders are conditioning weapons supplies on Ukraine restoring Russian oil revenues.
We scored every way the Iran war hits Ukraine. Two gains, eight losses.
We scored every military, economic, and geopolitical factor. The result isn't close.
Iran threatened to close Hormuz. That was enough.
When a strait closes on paper, prices move as if it has closed for real.