Ukrainian billionaire Rinat Akhmetov bids to acquire Romania’s €1B debt-ridden steel giant Libertu Galati
Akhmetov seeks EU steel base amid Ukraine war losses
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war economy
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London also slashes price cap on Russian oil to $47.60 per barrel after EU’s sanctions adoption
Western allies have escalated economic pressure on Russia by dropping the crude oil price cap.
Russia’s weapons production outpaces EU by factor of four, German defense minister warns
In his speech, Pistorius emphasized Russia's rapid weapons production, Putin's global ambitions, and need for German military readiness.
The way forward for Ukraine’s economy
As Ukraine fights for survival, its economic choices today will shape its post-war future. Rejecting neoliberalism, experts argue, is key to avoiding a dangerous "re-oligarchization" of the country.
Russia producing three times more artillery shells than US and EU for Ukraine
Russia is producing around 250,000 artillery shells monthly or 3,000,000 a year, compared to just 1.2 million annually from the US and Europe combined for Ukraine, per CNN data.