In its latest intelligence update on Ukraine, the British Defense Ministry says Russia’s public debate takes a coercive turn as citizens are urged to make sacrifices for the war effort, echoing a Soviet-style sense of compulsion as...
The Kremlin reportedly spent 3.1 trillion rubles (approximately $38.7 billion) in an undisclosed section of the Russian budget in 2023, likely to fund the war and maintain occupied territories in Ukraine. Independent Russian news...
Ukraine’s Ambassador to Ireland, Larysa Gerasko, has called for a boycott of Jameson whiskey due to the company’s decision to continue trading in Russia, RTE reports. Gerasko accuses Jameson of funding Russian aggression in...
In its latest intelligence update, the British Ministry of Defense says Russia’s plan to issue sovereign debt in foreign currencies suggests a potential reliance on external financial support from friendly foreign states to finance...
Russia built $80 billion offshore cash pile in year of sanctions, Bloomberg writes. Record current-account surplus provided lifeline for Kremlin, while these assets accumulated abroad may become target of Ukraine supporters. Russia was...
French retailer Auchan plans to open a new store in Russia selling almost exclusively private label products, doubling down on its presence in a market that many other Western retailers have shunned over Russia’s actions in Ukraine,...
In the immediate aftermath of Russia’s invasion last year on 24 February, Ukraine’s allies unleashed an unprecedented wave of sanctions on the invading state: Assets of powerful Russian citizens directly connected to the...
Let us compare Europe in 2022 and 2023. According to official data for 2021, Europe was 45% dependent on imported Russian gas and 27% on oil. Nord Stream 2, the energy weapon of the Kremlin, was quietly built despite the desperate warnings...
Russia has spent bn during nine months of its full-scale invasion of Ukraine, according to Forbes. This is a quarter of its annual budget. The costs were distributed thus, according to Forbes analyst Volodymyr Dacenko: 15.6% –...
Financial experts told Reuters that the Kremlin will face a budget deficit that will “drain Moscow’s reserves to their lowest level in years” due to projected decreases in energy revenue, sanctions, and the cost 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...
