National Bank of Ukraine Governor Kyrylo Shevchenko’s column about the risks of continuing the monetary financing of the state budget and how to minimise them.
Global efforts to combat climate change are being endangered by the global COVID-19 pandemic, the war in Ukraine and the current energy crisis.
The Ukrainian War is no laughing matter, but the Russians are doing their level best to make it funny. Coverage of the war is extensive, but observers have overlooked the comedy inadvertently provided by the Kremlin.
Talking of restructuring Ukraine’s external debt has resurfaced, despite the government insistence that it will honour all its obligations.
Politicians and top private sector leaders met in Switzerland on July 4 to discuss ways to create a new platform that would amount to a “Marshall Plan” for Ukraine’s reconstruction.
Lukashenko’s speeches and actions of the last 2 weeks have shown his “unwavering” support for Russia’s invasion of Ukraine. While Ukrainian officials don’t see any immediate invasion threat from Belarus, Ukrainian forces stand prepared.
Ukraine has reclaimed the famed Snake Island in the Black Sea, but the battle continues in the information sphere as Russia accuses Kyiv of spreading disinformation about the island’s liberation.
The worsening economic data coming out of the US and yet another coronavirus lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1.
An increase in extreme weather events and natural disasters like flooding, heatwaves and landslides will hit urban areas the hardest, making climate change adaptation a matter of paramount importance, the UN has warned.
As global supply chains undergo a momentous shift and Western markets decouple from Russia, the latter is looking to new markets and old partners for trade and investment.
Global inflation refuses to be tamed and with price increases in the US hitting 8.6% in May, its highest level in 40 years, the Fed is expected to continue tightening monetary policy by hiking rates that will suck liquidity out of emerging markets.
Turkish president says objections to Sweden and Finland joining Nato were all about terrorists and militants. Analysis still suggests a bigger issue in play is the autocrat’s determination to get his hands on warplanes.
Slowly but surely, village by village, the Ukrainian army is advancing towards Kherson. This city of more than 200,000 inhabitants was one of the first large Ukrainian cities to fall in the early days of the conflict.
To the surprise of many, each of the Central Asian Republics has maintained a neutral stance on Russia’s military operations in Ukraine.
Ukraine’s war displacement with 7mn refugees, and even more internally in flux, is the world’s largest, according to the UN refugee agency. Governments have spent some €30bn on help, but more money is needed and the capital markets may help.
Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.
The world is being divided into two: the West vs Russia and the non-aligned countries. The race to shore up these new relations is on. But the West has run out of one-way sanctions that hurt Russia but do little damage to the West.
Europe is scrambling to find alternatives to Russian crude oil, natural gas and coal. But the fact remains that despite recent cuts in the amount that the EU buys from Russia, Moscow’s revenues from hydrocarbon exports still surged 40% this year.
Big boost for Western defence bloc as Madrid summit gets underway, with member states seeking to demonstrate unmistakable unity to Kremlin while the Ukraine-Russia war continues to rage.
Turks are rightly proud of the success of Bayraktar drones in the conflict in Ukraine and Kyiv was grateful, but now they are not so sure as Turkish President Recep Tayyip Erdogan plays both side of the fence.