Presidential aide Andrey Belousov has acknowledged that Russia’s foreign currency reserves are insufficient to support the ruble. This time the official relied on simple arithmetic. There are only some US $300 billion left. Of that...
I looked at photos posted on social networks about how people of Russia spent their last night after the ruble exchange rate collapsed. The inhabitants of the neighboring country spent it in long store lines. They grabbed any product that...
The multi-year increase in the price of oil has created the illusion of an economic miracle in Russia. But was there one in reality? Ukrainian journalist Denis Kazansky analyzed it on a simple and clear-for-all example – the price of...
In 2014, after the first Russian invasion of Ukrainian territory in the Donbas, soldiers who had lost limbs in battle were seen for the first time in public as they returned home. Since the full-on invasion by Russia in February 2022, the...
