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Worst of economic shock over for Russia – official

The Russian economy has overcome the first shock from the sanctions imposed by the West, according to Finance Minister Anton Siluanov. It won’t be easy to get over the restrictions, but prudent financial and budgetary policy will allow the country to withstand them and maintain financial sovereignty, he said on …

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NATO member blocks accession talks for Sweden and Finland – media

Turkey has blocked NATO accession talks with Finland and Sweden on Wednesday, several media outlets have reported. Representatives of the military bloc’s member states have gathered seeking to open the negotiations just hours after both nations officially submitted their applications. However, Ankara has reportedly stopped the vote on the start of …

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US wants to lure India away from Russia – Bloomberg

US president Joe Biden’s administration intends to woo India into slowing down its defense cooperation with Russia by offering New Delhi a military assistance package that could be worth as much as  $500 million, Bloomberg reported on Tuesday, citing anonymous sources. Russia has long been a major provider of arms to …

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US poised to block Russia’s debt payments – media

The US may block Russia’s ability to make payments on its government debt by the end of May, Bloomberg reported on Tuesday citing people familiar with the matter. According to the publication, in order to boost financial pressure on Moscow, the US Treasury Department’s Office of Foreign Assets Control is …

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Russia reveals number of Azovstal captives

A total of 959 Ukrainian troops previously holed up in a steel plant in Mariupol have surrendered this week, the Russian Defense Ministry said in a Wednesday morning briefing. Kiev expects them to be exchanged, while prosecutors in Russia are looking at the possibility of bringing many to trial. The …

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UK consumer prices reach 40-year highs

Consumer prices in Britain jumped by 9% to hit a 40-year high last month, with the biggest price increases seen in food and energy, official figures from the UK’s Office for National Statistics revealed on Wednesday. The current rise in the consumer price index is the highest since the country …

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Americans paying record prices at the pump

US gasoline prices have been setting all-time highs on a daily basis over the past two weeks, according to American Automobile Association (AAA) data. The national average hit a record $4.523 per gallon (3.785 liters) on Tuesday, with every US state now averaging more than $4. California’s state average for …

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Baltic states demand massive NATO buildup – media

Latvia, Lithuania, and Estonia are actively seeking an enhanced NATO presence in Eastern Europe amid the ongoing conflict in Ukraine, the Washington Post reported on Tuesday, citing a joint proposal by the three nations obtained by the media outlet. A division-sized force of some 20,000 troops should be put on …

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EU’s energy policy is economic suicide – Putin

Russian President Vladimir Putin said on Tuesday that energy inflation in Western countries should be blamed on their own mistakes, and not on Russia. The EU is committing economic suicide by trying to wean itself off from Russian energy resources, Putin said. “Such an economic auto-da-fé, suicide is, of course, …

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