Country appears to have quite brazenly emerged as a strategic pitstop for fuel products from Russia rerouted to the EU.
Defence spending has overtaken social spending and now accounts for 8.7% of GDP, Putin says, but spending on National Projects is just as important for Russia's long-term development, Putin told his military commanders.
Chinese President Xi Jinping and Russian President Vladimir Putin have jointly called for a political resolution to the ongoing war in Ukraine, during the latter's visit to Beijing on May 16.
Multiple packages of sanctions have been imposed on Russia since the invasion Ukraine, their scale and scope dwarfing those placed on other nations.
EBRd report finds sanctions and trade disruptions have led to transformations in trade patterns across the Emerging Europe and Central Asia region.
Development bank makes downward revision in latest forecasts after worse than expected Q1 figures for Central Europe.
Currently, Rosatom controls approximately 70% of the world export market for the construction of nuclear power plants where emerging powers in the global south are trying to boost their energy production and turning to Moscow for nuclear power.
After 20 years in the EU, a comparison of Poland and Romania with Ukraine, which is waiting to join, highlights the prosperity it brings its newest members.
Russian President Vladimir Putin has updated the 12 National Projects that were launched in 2019 to transform Russia and improve the quality of life. The programme was upgraded last year to National Projects 2.0 and now have been expanded again.
Ukraine’s strikes on Russian oil refineries are doing what oil sanctions failed to do: reducing the Kremlin’s income from oil production, limiting its supply of fuel for the army and pushing up domestic prices, without driving up oil prices.
Europe has been turning a blind eye to a fifth of Russia’s LNG output that is flowing through EU ports, either to be consumed by member states or sent on to customers around the world, in what is a lucrative trade for the Kremlin.
The global economic landscape is undergoing a transformation not seen since the end of the Cold War. Soaring geopolitical tensions have seen the world fragment into large trading blocs based on economic and national security concerns.
Maximising the benefits of Russia’s surprising exodus.
A private company linked to Belarusian President Alexander Lukashenko is reportedly constructing a luxurious bolthole with hotel, restaurant and chalets in Russia’s mountainous village of Krasnaya Polyana, near Sochi, a joint investigation found.
The battle of the corridors is heating up as India promotes a new India-Middle East-Europe Economic Corridor (IMEC) route that will connect the subcontinent with Europe by traversing the Middle East over land then sea to the EU via Haifa in Israel.
An exhibition of captured military trophies has opened in Moscow, ahead of the May 9 annual Victory Day parade, showing off Nato armour and vehicles captured by Russian forces in the Ukraine conflict.
Russia’s heavy military spending is acting as an income inequality equaliser. A raft of Russia’s poorest regions are the biggest winner from the militarisation of the Russian economy, as state money pours into fixing up regional factories.
Russian President Vladimir Putin will be sworn in for his fifth term in office on May 7 and, according to the Russian constitution, the government must resign.
Russia’s imports of Western technology have reached pre-war levels and the export control regime to stop the trade is full of holes. Tougher rules, enforcement and bigger fines are needed to curb the trade, according to a report by Bruegel.
Russian oil export revenues surged to $17.2bn in March 2024, driven by higher global oil prices and increased crude export volumes, according to the April ‘Russian Oil Tracker’ by KSE Institute.