Keywords: Russia


EU ambassadors set to approve €90 billion loan for Ukraine

Ambassadors of the European Union are expected to approve a €90 billion loan package for Ukraine, removing a key financial obstacle as Kyiv continues to resist the Russia invasion. The vote is scheduled at the Committee of Permanent Representatives in Brussels and follows a shift in Hungary’s......

Putin delays VAT payments as Russia’s economy weakens

Russia’s fiscal position has deteriorated sharply in early 2026, forcing the government to introduce emergency measures as revenues fall and spending rises. The federal budget deficit reached 4.6 trillion rubles, or about 58.8 billion dollars, in the first quarter alone, already exceeding the full......

Ukraine raises alarm over cultural plunder as Russia returns to Venice Biennale

When Alina Dotsenko returned to the Kherson Art Museum after Ukrainian forces recaptured the southern city in late 2022, she found storage rooms and shelves stripped bare. The museum's director, who had devoted five decades to building the institution, described collapsing against a wall in shock......

European defense stocks fall as Ukraine peace hopes lift builders

European defense stocks dropped sharply on Friday after Ukraine’s chief negotiator signaled progress toward a potential peace deal with Russia, prompting investors to shift toward construction and materials companies expected to benefit from postwar rebuilding. Kyrylo Budanov said in an interview......

ING scraps sale of Russian subsidiary after Kremlin blocks buyer approval

ING, the largest Dutch bank by total assets, announced Tuesday it had terminated its agreement to sell its Russian subsidiary to Moscow-based Global Development JSC, more than 14 months after the deal was first announced. The bank said there was "no realistic prospect" that the buyer would......

Russia earns $9 billion a month in oil windfall from the Iran war

One month into the U.S. and Israeli war against Iran, Russia has emerged as one of the conflict's primary economic beneficiaries, collecting billions of dollars not only from surging oil prices but across a broad range of commodities including aluminum, fertilizers, and liquefied natural gas. The......

Hegseth says US is directly confronting Russia and China over support for Iran

Defense Secretary Pete Hegseth issued a pointed warning to Russia and China on Tuesday over their alleged support for Iran, saying the United States is addressing the matter directly as the war enters its fifth week with no diplomatic breakthrough in sight. Speaking at a Pentagon briefing alongside......

Australia and Germany agree to build joint space early-warning system

Australia and Germany committed Thursday to develop a shared space-based early-warning system. The pact targets growing orbital threats from Russia and China. The agreement marks a historic deepening of defense ties between these middle powers [thenewdaily.com.au]. Defense ministers Boris Pistorius......

Russia launches 16 Rassvet satellites to rival SpaceX Starlink network

Russia has taken a step toward building its own satellite internet system, launching 16 low Earth orbit satellites as part of the Rassvet constellation, a state backed project designed to compete with SpaceX’s Starlink network. The satellites were deployed on March 23 from the Plesetsk Cosmodrome......