Irish Cabinet defends alumina exports to Russia by citing refugees—then evicts 16,000 of them
27 days between defending the trade and evicting the refugees.
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Money Matters
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Money Matters – your comprehensive destination for financial insights and economic analysis.
Russia hit a record oil revenue month—yet the federal budget still came up short
Sberbank’s CFO forecasts the ruble will fall to 90 per dollar. Three ports already show 13–43% drops.
Mindichgate widens: new tapes force an impossible choice on Ukraine’s missile maker
Sanction the corruption network, lose the missiles. Don’t sanction, lose the EU funding.
The Gulf realigns as the UAE walks out of OPEC
Less oil money for Moscow. The architecture is fracturing—but no Kremlin collapse.
EU’s new carbon tariff could cost Ukraine $6 billion in GDP and tens of thousands of industrial jobs through 2030
The EU's Carbon Border Adjustment Mechanism (CBAM) is creating serious structural risks for Ukraine's already war-battered economy, and the numbers are alarming.
“Russia has never seen this”: Russia’s central bank chief admits a 2.5 million worker deficit
Reserve down 2.5 million as the state squeezes small business and retrains war widows.
BREAKING: UAE walks out of OPEC after six decades. Russia’s oil revenue takes the hit.
Iran war reorders the Gulf. Moscow’s price floor cracks.
EBRD signs €54 million to keep trains in Ukraine moving through blackouts
Western money pours into a defaulted state operator a day after new sleeper cars rolled into Kyiv.
Ukraine’s railway can’t pay its bondholders—but it can deliver six new sleeper cars
Russia destroys carriages forty times faster than Ukraine builds them.
Russia’s military spending hits $190 billion in 2025. Ukraine’s reached $84 billion at 40% of GDP
Russia increased military expenditure by 5.9% to $190 billion, consuming 7.5% of GDP, one of the highest shares globally, while its oil revenues continue funding the war machine.
Ukraine’s new firms boom where missiles can’t reach
Year four of war, and Ukrainian business formation is accelerating—in sectors and cities the war can’t physically touch.
Europe’s newest wind giant takes shape in Poltava—€1.2 billion deal as thermal plants stay in ruins
One of Europe’s largest onshore wind projects moves forward while 4 GW of permitted independent projects remain idle.
Ukraine’s grid didn’t choose nuclear. Russia made this choice for Ukraine.
Concentration Moscow is already probing—not by choice, but by attrition.
Russia’s Central Bank scolded live on TV—Iran war oil keeps funding the war anyway
Intelligence agencies say Moscow hides the damage; oil pays for the war.
Russia bombed the pipeline. Hungary blocked the loan. Ukraine is about to pay for both to unblock.
The timeline firms up: oil Tuesday, veto lift midweek, Brussels vote Wednesday. Kyiv’s financing through 2027 hinges on all three.
€90 billion for Ukraine—two-thirds of the 2026–27 budget gap—clears Brussels Wednesday
EU ambassadors vote Wednesday on the final step. Sanctions and military aid remain blocked.
Ukrainian pork enters Vietnam, Philippines, and Singapore as EU loses Asian ground
Three Asian markets open to Ukrainian pork. Carrots spike 13% a week at home. Both point to the same missing infrastructure.
Russia’s 20% windfall tax breaks Putin’s promise—again
Oligarchs offered donations. Moscow chose compulsion, with oil at a four-year high.
IMF withdraws previous scenario for Ukraine. New outlook is much more gloomy — but not without silver lining
The IMF just changed its baseline assumption on the country.
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.