How Russia's weakening economy could impact the war with Ukraine
2 weeks, 3 days ago

How Russia's weakening economy could impact the war with Ukraine

NPR  

How Russia's weakening economy could impact the war with Ukraine NPR's Elissa Nadworny talks with Alexandra Prokopenko, of the Carnegie Russia Eurasia Center, about weakness in the Russian economy and what that might mean for the country's war in Ukraine. Alexandra Prokopenko worked at the Russian Central Bank and is now a fellow at the Carnegie Russia Eurasia Center. NADWORNY: Ever since Russia invaded Ukraine, the U.S. and Europe have been trying to choke Russia's economy with sanctions. ALEXANDRA PROKOPENKO: I doubt that since there is a little cooperation in terms of economic cooperation between Russia and the U.S. And I think it's very Putin's way to frame the possible deal that, hey, I am a tough guy, and, Mr. Trump, you're a tough guy, so let's settle up everything together.

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History of this topic

Russia’s war economy shows new cracks after the ruble plunges
3 weeks, 3 days ago

Russia’s war economy shows new cracks after the ruble plunges

Live Mint  

The Russian economy, surprisingly resilient through two-plus years of war and sanctions, has suddenly begun to show serious strains. The catalyst for the change in economic fortunes was a decision by the Biden administration to ratchet up sanctions on Russia’s Gazprombank, the last major unsanctioned bank that Moscow uses to pay soldiers and process trade transactions, as well as more …

Why Russia-Ukraine War Is So Hard to Win, and How It Might End
5 months, 2 weeks ago

Why Russia-Ukraine War Is So Hard to Win, and How It Might End

Bloomberg  

Russia’s war in Ukraine, which President Vladimir Putin once hoped to conclude in a few weeks, is grinding through its third year, with neither side able to gain a decisive upper hand. Bringing an end to the conflict — whether through one side’s clear victory, a messy compromise or simply a cessation of hostilities without a final deal — may …

Western leaders face hard choices to help Ukraine resist Putin’s aggression
8 months, 2 weeks ago

Western leaders face hard choices to help Ukraine resist Putin’s aggression

The Independent  

The overwhelming majority of the British people stand with the Ukrainian people in their time of need. As Lord Sedwill says, “That is a huge challenge, but a fraction of the cost we will face if Putin prevails.” Mr Zhorin warns that if Putin senses weakness or, worse, should defeat Ukraine, his Russia “will undoubtedly open its mouth and try …

As Putin eyes sure reelection, Russia’s economy defies sanctions, critics
9 months, 1 week ago

As Putin eyes sure reelection, Russia’s economy defies sanctions, critics

Al Jazeera  

Russian president’s all but guaranteed fifth term in power comes as economy has outperformed expectations. But I doubt that drinking Dobry Cola instead of Coca-Cola will change the election.” Owing to high oil prices and elevated military spending, Russia has managed to mitigate much of the impact of sanctions. It’s true that oil and gas exports have fallen because of …

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death
10 months ago

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death

Huff Post  

LOADING ERROR LOADING WASHINGTON — The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. Treasury Department plans Friday to impose more than 500 …

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death
10 months ago

U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death

LA Times  

The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The 27-nation bloc also said that it was targeting scores of Russian officials, including “members of …

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison
1 year, 3 months ago

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

Associated Press  

The Russian ruble’s wobble in value has exposed a crack in President Vladimir Putin’s fortress economy, a vulnerability quickly plastered over by the Kremlin’s economic team in a move that allowed the currency to regain its footing, at least for now. Longer term, however, Russia’s economy is facing a “slow burn” under pressure from sanctions and Putin’s war spending, said …

Explained: Blood and billions, the cost of Russia’s war in Ukraine
1 year, 4 months ago

Explained: Blood and billions, the cost of Russia’s war in Ukraine

Live Mint  

Russia's invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic turmoil across the world in the 18 months since its launch on Feb. 24, 2022. The conflict in eastern Ukraine began in 2014 after a pro-Russian president was toppled in Ukraine's Maidan Revolution and Russia annexed Crimea, with Russian-backed forces fighting Ukraine's armed forces. …

Russia’s economy can withstand a long war, but not a more intense one
1 year, 5 months ago

Russia’s economy can withstand a long war, but not a more intense one

Hindustan Times  

A WEEK AFTER Russia invaded Ukraine last year, Antony Blinken, America’s secretary of state, crowed, “The value of the ruble has plummeted; the Russian stockmarket closed as fear of capital flight rose; interest rates more than doubled; Russia’s credit rating has been cut to junk status.” American authorities clearly hoped that the “massive, unprecedented consequences” they and their allies had …

Putin’s war in Ukraine has now reached his doorstep – what does that mean for Russia?
1 year, 6 months ago

Putin’s war in Ukraine has now reached his doorstep – what does that mean for Russia?

The Independent  

When it comes to the Russian reaction to the drone attack on Moscow, there must now be an understanding in the Kremlin that if you dish it out, you are going to have to take it. For Muscovites, after 15 months of Vladimir Putin’s war rhetoric and assurances that his “special military operation” wouldn’t affect them, this is a decidedly …

Russia will run out of money next year, need 'friendly' nations to invest, says oligarch
1 year, 9 months ago

Russia will run out of money next year, need 'friendly' nations to invest, says oligarch

India Today  

Russia's treasury may run dry within a year, necessitating foreign investment, said outspoken Russian oligarch Oleg Deripaska at an economic conference in Siberia on Thursday. “There will be no money already next year, we need foreign investors,” he said in light of the Russia-Ukraine war, as per comments reported by TASS, a Russian state-owned news agency. Russia's economic output fell …

Russia after a year of sanctions
1 year, 9 months ago

Russia after a year of sanctions

Al Jazeera  

The Russian economy has fallen into a recession, but economic and political instability are not yet on the horizon. After Russia’s full-scale invasion of Ukraine in February 2022, Western countries imposed numerous sanctions against Russian banks and companies, which significantly affected the Russian economy. The combined share of these raw materials in Russian exports in 2021 was 11.7 percent, so …

Biden unveils new Ukraine weapons package, Russia sanctions
1 year, 9 months ago

Biden unveils new Ukraine weapons package, Russia sanctions

Associated Press  

WASHINGTON — The Biden administration declared its Ukraine solidarity with fresh action as well as strong words on Friday, piling sweeping new sanctions on Moscow and approving a new $2 billion weapons package to re-arm Kyiv a year after Russia’s invasion. “Difficult times may lie ahead, but let us remain clear-eyed about what is at stake in Ukraine,” U.S. Defense …

The future of Ukraine
1 year, 9 months ago

The future of Ukraine

The Economist  

How to speed up debt-relief talks Cosying up to Russia and China harms South Africa, and the world They mix toughness with generosity and are a step in the right direction Energy policy has radically altered; defence, much less so After a year of fighting, what comes next? On South Korea and Ukraine, ChatGPT, corruption in Britain, Moldova, Bolivia, etymologies …

Explained | The past and present of Russia’s war in Ukraine
1 year, 10 months ago

Explained | The past and present of Russia’s war in Ukraine

The Hindu  

The story so far: A year after Russia launched its invasion of Ukraine, there are signs of escalation everywhere. His commanders had said, on record, that Russia wanted to take the whole of Ukraine’s east and south, which means an arc of territories stretching from Kharkiv in the northeast through the Donbas in the east to Odesa, the Black Sea …

‘Russia’s war goals haven’t changed: destroying Ukraine’
1 year, 10 months ago

‘Russia’s war goals haven’t changed: destroying Ukraine’

Al Jazeera  

Seven experts predict possible scenarios as neither Moscow nor Kyiv appears ready to negotiate a peaceful end to the war. And then the truce will be made under previous conditions – or under stricter ones on the part of Russia.” ‘Victory should be about weakening Russia as an aggressive imperialist state’ Lt Gen Ihor Romanenko, the former deputy chief of …

The ripple effects of Russia's war in Ukraine continue to change the world
1 year, 10 months ago

The ripple effects of Russia's war in Ukraine continue to change the world

NPR  

The ripple effects of Russia's war in Ukraine continue to change the world Loading. A year after Russia's invasion of Ukraine sparked the largest conflict in Europe since World War II, the repercussions continue to reverberate around the world. Turkey and the United Nations brokered a deal last summer to allow Ukrainian grain to pass through Black Sea ports, but …

A year of Russia’s war in Ukraine: Your simple guide
1 year, 10 months ago

A year of Russia’s war in Ukraine: Your simple guide

Al Jazeera  

Ukraine says a renewed Russian offensive is under way following 12 months of bloodshed. Looking ahead, there are fears of a wider conflict possibly involving nuclear warheads as relations between Russia and Ukraine’s allies in the West, which have worsened from lows as the war has raged, sink further. That’s the year Russia annexed the Crimea peninsula and Moscow-backed separatists …

The surprisingly normal life in Russia after 10 months of war with Ukraine
1 year, 11 months ago

The surprisingly normal life in Russia after 10 months of war with Ukraine

Firstpost  

It’s been a year since I last visited Russia. If this is a crisis for Russia — which it is — it’s nothing like the turmoil of the early 1990s when the state, society and economy were all collapsing at the same time. You see reports about it on TV news and chat shows, but I felt much better informed …

Economic War to Energy War: Ukraine War Strategises New Dimensions of Warfare
1 year, 11 months ago

Economic War to Energy War: Ukraine War Strategises New Dimensions of Warfare

News 18  

Backdrop The war in Ukraine started as a conventional war under nuclear hangover and soon turned into a hybrid war with non-state actors triggering sanctions against Russia as part of an economic war, Russia trying to starve the opponents of as much energy as possible, and the West trying to minimise Russian financial gains by capping the price and coercion …

Does Russia have enough money for war?
2 years ago

Does Russia have enough money for war?

Al Jazeera  

Even with the Western sanctions and an expected drop in oil and gas revenues, Russia, unfortunately, still has money to continue its aggression on Ukraine. The confrontation with the West over the war in Ukraine also affected Russia’s hydrocarbon exports, which in 2021 accounted for nearly 50 percent of total exports and 45 percent of federal budget revenues. Overall, in …

EXPLAINER: Can Ukraine pay for war without wrecking economy?
2 years ago

EXPLAINER: Can Ukraine pay for war without wrecking economy?

Associated Press  

FRANKFURT, Germany — Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front: how to pay the enormous cost of the war effort without triggering out-of-control price spikes for ordinary people or piling up debt that could hamper postwar reconstruction. The struggle is finding loans or donations to cover a massive budget deficit …

World Bank: Ukraine’s war-torn economy will sink 35% in ’22
2 years, 2 months ago

World Bank: Ukraine’s war-torn economy will sink 35% in ’22

Associated Press  

WASHINGTON — Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year, the World Bank forecast Tuesday. The World Bank, a 189-country anti-poverty agency, estimates that rebuilding the country will cost at least $349 billion, 1.5 times the size of Ukraine’s prewar economy. “Ukraine continues to need enormous financial support as the war needlessly rages …

Globe-changing reverberations of the Ukraine war
2 years, 2 months ago

Globe-changing reverberations of the Ukraine war

The Hindu  

The justification for Russia’s invasion of Ukraine in February will long be debated. After the Putin-Biden Geneva encounter in mid-2021, the high intensity of interactions between NATO members and Russia raised hopes of a detente, but Russian President Vladimir Putin chose invasion over negotiation, ignoring the degraded and inexperienced state of his armed forces, Ukraine’s military being the biggest in …

In Ukraine, the strategic balance is shifting—against Russia
2 years, 3 months ago

In Ukraine, the strategic balance is shifting—against Russia

Live Mint  

Russia’s war against Ukraine has entered a new phase. GST on crypto transactions in the works Why your fuel bill hasn’t gone down yet 6 charts explain India's motown revival Renaissance’s Murarka recounts working with Jhunjhunwala Moreover, in coordination with the G7 and other like-minded partners, the EU is discussing plans to cap the price of Russian oil exports. As …

Is Russia’s economic resilience realigning the global economic order | In Focus podcast
2 years, 3 months ago

Is Russia’s economic resilience realigning the global economic order | In Focus podcast

The Hindu  

Western sanctions had initially threatened to derail the Russian economy ever since the country invaded Ukraine. However, Russia has shown a resilience that has surprised observers, and which has the potential to realign the global economic order. In a recent article for Business Line, Biswajit Dhar, Professor of Economics at the JNU, points out how observers’ projections for Russia’s GDP …

Russian economy to decline by 2-2.5%: Putin after 6 months of war in Ukraine
2 years, 3 months ago

Russian economy to decline by 2-2.5%: Putin after 6 months of war in Ukraine

Live Mint  

Russian President Vladimir Putin said on Wednesday that Russia's economy will decline by 2-2.5 per cent, about six months after he declared a “special military operation” in Ukraine. Vladimir Putin said Russia's budget surplus would come in at 0.5 trillion roubles in 2022, and the GDP would fall by "around 2% or a little more." “I’m sure that we’ve lost …

Did sanctions really hurt the Russian economy?
2 years, 3 months ago

Did sanctions really hurt the Russian economy?

Al Jazeera  

Moscow, Russia – Sanctions have noticeably complicated life for Alexander, a 23-year-old art museum worker from Moscow. “This could potentially open the door for something new and positive.” Over the past six months, sanctions have dramatically changed Russia’s economic relationship with the outside world. Anton Tabakh, chief economist at Moscow-based credit assessor Expert RA, told Al Jazeera that two factors …

Six months of Russia-Ukraine war: What is likely to happen next?
2 years, 4 months ago

Six months of Russia-Ukraine war: What is likely to happen next?

Firstpost  

The invasion of Ukraine did not pan out as expected by the Russians. Barring a disastrous military miscalculation, Ukraine’s army is unlikely to collapse outright, and few expect Volodymyr Zelenskyy to accept any negotiations that do not see the country recover all lost territory, including Crimea Paris: Six months after Russian forces launched what they hoped would be a blitzkrieg …

Russia’s war at 6 months: A global economy in growing danger
2 years, 4 months ago

Russia’s war at 6 months: A global economy in growing danger

Associated Press  

MECKENHEIM, Germany — Martin Kopf needs natural gas to run his family’s company, Zinkpower GmbH, which rustproofs steel components in western Germany. Russia’s war led the International Monetary Fund last month to downgrade its outlook for the global economy for the fourth time in under a year. “The world may soon be teetering on the edge of a global recession, …

Putin’s war sets Russian economy back 4 years in single quarter
2 years, 4 months ago

Putin’s war sets Russian economy back 4 years in single quarter

Al Jazeera  

A wave of international sanctions after Moscow’s invasion of Ukraine disrupted Russia’s trade and threw various of its industries into paralysis. President Vladimir Putin’s invasion of Ukraine set Russia’s economy back four years in the first full quarter after the attack, putting it on track for one of the longest downturns on record even if less sharply than initially feared. …

Russia’s war to keep hitting EU economy, push up inflation
2 years, 5 months ago

Russia’s war to keep hitting EU economy, push up inflation

Associated Press  

BRUSSELS — Russia’s war in Ukraine is expected to wreak havoc with the European Union’s economic recovery for the foreseeable future with lower annual growth and record-high inflation, the bloc’s economic forecast showed Thursday. “Russia’s war against Ukraine continues to cast a long shadow over Europe and our economy,” EU Vice President Valdis Dombrovskis said. Further reductions in gas supply …

Ukraine War: Russia tightens it's economic grip on southern parts of the pro-Western country
2 years, 5 months ago

Ukraine War: Russia tightens it's economic grip on southern parts of the pro-Western country

Firstpost  

Ukraine has accused Russia and its allies of stealing its wheat, contributing to a global food shortage caused by grain exports blocked in Ukrainian ports Berdyansk, Ukraine: Little appears to have changed for Alexei Andrusenko, the head of a foundry in Ukraine’s southern city of Berdyansk, who is happy to have kept all his staff since Moscow took control of …

Op-Ed: Ukraine suffers, but Putin, and Russia, will be the loser
2 years, 5 months ago

Op-Ed: Ukraine suffers, but Putin, and Russia, will be the loser

LA Times  

A security guard walks by the rubble of a police station destroyed by bombardment, in Lysychansk, Ukraine, in the Donbas, the focus of massive Russian firepower and Ukrainian resistance in recent weeks. Kazakh elites appear determined to boost their military capabilities, while Kazakh President Kassym-Jomart Tokayev recently stated that his country does not, and will not, recognize Ukraine’s pro-Russian breakaway …

Western sanctions to cripple Russian economy did not work: Vladimir Putin
2 years, 6 months ago

Western sanctions to cripple Russian economy did not work: Vladimir Putin

India Today  

Amid heavy fighting in Ukraine with strategic locations under intense shelling from Russian forces, Russian President Vladimir Putin said Western sanctions that were imposed to cripple the Russian economy have failed. The deterioration of the situation in the global economy is not a matter of recent months, it is not connected with Russia's special military operations, said Putin. Putin said …

Ukraine fears a long war might cause West to lose interest
2 years, 6 months ago

Ukraine fears a long war might cause West to lose interest

Associated Press  

KYIV, Ukraine — As Russia’s invasion of Ukraine grinds into its fourth month, officials in Kyiv have expressed fears that the specter of “war fatigue” could erode the West’s resolve to help the country push back Moscow’s aggression. An Italian peace proposal was dismissed, and French President Emmanuel Macron was met with an angry backlash after he was quoted as …

Russia-Ukraine war threatens prolonged effect on global economy
2 years, 6 months ago

Russia-Ukraine war threatens prolonged effect on global economy

Al Jazeera  

The OECD has slashed its outlook for global growth and doubled inflation projection, warning fallout from war could worsen. The world economy will pay a “hefty price” for the war in Ukraine encompassing weaker growth, stronger inflation and potentially long-lasting damage to supply chains, the OECD said. While the OECD said it’s warranted for all monetary authorities to pare back …

After 3 months of war, life in Russia has profoundly changed
2 years, 6 months ago

After 3 months of war, life in Russia has profoundly changed

India Today  

When Vladimir Putin announced the invasion of Ukraine, war seemed far away from Russian territory. After Russian authorities passed a law calling for up to 15 years’ imprisonment for stories that include “fake news” about the war, many significant independent news media shut down or suspended operations. Andrei Kolesnikov of the Carnegie Moscow Center wrote in a commentary that Russian …

After three months of war, life in Russia has profoundly changed
2 years, 7 months ago

After three months of war, life in Russia has profoundly changed

LA Times  

Few shoppers have visited the GUM department store in Moscow since Russia’s invasion of Ukraine on Feb. 24. After Russian authorities passed a law calling for up to 15 years’ imprisonment for stories that include “fake news” about the war, many significant independent news media shut down or suspended operations. Andrei Kolesnikov of the Carnegie Moscow Center wrote in a …

How is Russia’s economy performing under Western sanctions?
2 years, 7 months ago

How is Russia’s economy performing under Western sanctions?

Al Jazeera  

The Kremlin says the economy is weathering the storm, but analysts warn of a steep future decline. Western nations imposed some of their strongest ever sanctions on Russia as punishment for invading Ukraine. They include freezing the central bank’s foreign reserves, banning oil and gas imports and suspending Russia’s banks from global financial systems. The American investment bank JP Morgan …

The ripple effects of Russia's war in Ukraine are changing the world
2 years, 7 months ago

The ripple effects of Russia's war in Ukraine are changing the world

NPR  

The ripple effects of Russia's war in Ukraine are changing the world Loading. Far from Russia's war in Ukraine, stores are running out of cooking oil, people are paying more at the gas pump, farmers are scrambling to buy fertilizer and nations are rethinking alliances. Russia's invasion of Ukraine has triggered seismic repercussions: a fast-moving refugee crisis, unprecedented sanctions against …

Sanctions hit Russian economy, although Putin says otherwise
2 years, 8 months ago

Sanctions hit Russian economy, although Putin says otherwise

Associated Press  

NEW YORK — Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. Russian President Vladimir Putin felt emboldened and proclaimed — evoking World War II imagery — that the country had withstood the West’s “blitz” of sanctions. A closer look, however, shows that the sanctions are taking a …

Sanctions Hit Russian Economy, Although Putin Says Otherwise
2 years, 8 months ago

Sanctions Hit Russian Economy, Although Putin Says Otherwise

Huff Post  

LOADING ERROR LOADING NEW YORK — Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. Russian President Vladimir Putin felt emboldened and proclaimed — evoking World War II imagery — that the country had withstood the West’s “blitz” of sanctions. A closer look, however, shows that the sanctions …

Sanctions hit Russian economy, although Putin says otherwise
2 years, 8 months ago

Sanctions hit Russian economy, although Putin says otherwise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Russian President Vladimir Putin felt emboldened and proclaimed — …

EU trade official calls the economic impact of defending Ukraine a price worth paying
2 years, 8 months ago

EU trade official calls the economic impact of defending Ukraine a price worth paying

NPR  

EU trade official calls the economic impact of defending Ukraine a price worth paying MICHEL MARTIN, HOST: Higher prices at the gas pump and at the grocery store - those are two ways that many Americans are feeling the economic impact of the conflict in Ukraine. DOMBROVSKIS: Well, it's clear that we must put maximum pressure to stop Russia's aggression. …

Russia’s Putin says Western sanctions have failed
2 years, 8 months ago

Russia’s Putin says Western sanctions have failed

Al Jazeera  

Sanctions against Russia over its invasion of Ukraine led to a ‘deterioration of the economy in the West’, President Putin says. Western countries have imposed unprecedented sanctions on Russia’s corporate and financial system since it sent troops into Ukraine on February 24 in what it calls a “special military operation”. Putin said Russia should use its budget to support the …

Explained | The effects of the Russia-Ukraine conflict on the global economy
2 years, 8 months ago

Explained | The effects of the Russia-Ukraine conflict on the global economy

The Hindu  

The ongoing conflict between Russia and Ukraine will reportedly have major ramifications for the global economy, which is just recovering from the stress of the coronavirus pandemic. Quoting estimates from authors of a Centre for Global Development blog, the World Bank said the latest surge in food prices could push an additional 40 million people under the $1.90-per-day poverty line. …

Russia Ukraine War: European Union imposes sanctions on Putin’s daughters
2 years, 8 months ago

Russia Ukraine War: European Union imposes sanctions on Putin’s daughters

India TV News  

Highlights The European Union has imposed sanctions on two adult daughters of Russian President Vladimir Putin The move from the European bloc follows a similar move two days earlier by the United States Meanwhile, vessels registered under the Russian flag are now prohibited to access EU ports The European Union has imposed sanctions on two adult daughters of Russian President …

Russia-Ukraine War: Fresh Sanctions by US Target Putin’s Daughters, Banks, Govt Officials
2 years, 8 months ago

Russia-Ukraine War: Fresh Sanctions by US Target Putin’s Daughters, Banks, Govt Officials

News 18  

In the aftermath of the gruesome Bucha killings, the United States and its allies have imposed fresh sanctions against Russia. “Sanctions against Russia must be ruinous enough for us to end this terrible war,” said the head of Ukraine’s presidential office, Andriy Yermak. The new sanctions target Russian President Vladimir Putin’s two adult daughters, Russia’s Sberbank and a ban on …

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