Russia’s Central Bank raised its key policy rate to 21 percent in late October as the Russian authorities struggle to manage a wartime economy that is in danger of overheating due to a combination of factors including rising inflation, sanctions pressure, and record defense sector spending. While Kremlin officials and many international analysts insist that
Ukrainian President Volodymyr Zelenskyy has accused North Korea of preparing to send thousands of soldiers to join the Russian invasion of his country, and is calling for a “strong response” from the international community. “In fact, another state is joining the war against Ukraine,” Zelenskyy commented during his traditional daily video address on Sunday evening.
Could the Group of Seven (G7) deal to mobilize Russia’s immobilized reserves for Ukraine now be upended by a risk-weighting exercise? Senior US officials have been invited to join this week’s meeting of the European Union (EU) member states’ top representatives in Brussels in one of the last attempts to secure US participation in the
As Belarus marked the fourth anniversary of the fraudulent August 2020 presidential election that sparked nationwide protects and a brutal crackdown, the United States, European Union, and United Kingdom all unveiled new sanctions targeting the regime of Belarusian dictator Alyaksandr Lukashenka. In a joint statement that was also signed by Canada, the three called on
JUST IN Uno, due, tre. As the Group of Seven (G7) summit kicked off Thursday in Apulia, Italy, US President Joe Biden presented three big steps to help Ukraine in its ongoing fight against Russian aggression. First, G7 leaders agreed to send Ukraine fifty billion dollars that will be paid for by future interest from
From Russia, with interest. The Group of Seven (G7) leaders announced Thursday that they had agreed on a plan to send fifty billion dollars to Ukraine in the coming months by pulling forward interest income on Russian assets that had been immobilized in Western countries since February 2022 (a novel idea that Atlantic Council research
At the St. Petersburg International Economic Forum on June 7, Russian President Vladimir Putin was defiant about the Russian economy. “Despite all the obstacles we are facing and the illegitimate sanctions imposed against us,” he declared, “Russia remains one of the key participants in global trade and is rapidly expanding the new logistics and geography
The landmark US aid bill signed by President Biden on April 24 has visibly boosted morale in Ukraine. Many analysts believe the $61 billion package will significantly improve Ukraine’s military outlook, easing months of critical supply shortfalls and creating new opportunities to strike back at the invading Russian army. While most attention has so far
“There was always just enough virtue in this Republic to save it; sometimes none to spare.” —William Seward Finally, the blockage imposed by a minority of “America First” House members has been broken and, after a six-month delay, crucial US military aid may be on its way to Ukraine again. An alliance of what might
