The EU must reimagine its military strategy and drastically ramp up its defense production in order to help Ukraine in its ongoing conflict with Russia, European Council President Charles Michel said on Monday. He made his call as Kiev has been increasingly warning about ammunition shortages. “Russia is a serious …
Read More »US government debt biggest threat to global economy – Russian NGO
US government debt and Washington’s budget deficit present the biggest threats to the global economy this year, Russian government agency Roscongress has warned. Washington’s $34 trillion burden is mathematically impossible to pay off, Roscongress has claimed in a report it published on Wednesday. The agency based its estimate on the …
Read More »Russian economy, sanctions & Ukraine conflict: Key takeaways from Putin’s marathon press conference
Russian President Vladimir Putin commented on key international issues during a marathon Q&A on Thursday. Topics ranged from the Ukraine and Gaza conflicts to Moscow’s relations with the US and its allies, as well as the transformation of the global economy amid unprecedented sanctions imposed by the West on Russia. …
Read More »Israel destroying Palestinian economy – UN
The conflict between Israel and Hamas has had a devastating economic effect on the West Bank and Gaza, where GDP has shrunk by 4.2% in the month since fighting erupted, according to a report by the UN. It added that 400,000 people have been plunged into poverty during the same …
Read More »Serbia’s Vucic believes ‘NATO-led war with Russia has crushed EU economy’ – Tucker Carlson
Tucker Carlson has shared a preview of his upcoming interview with Aleksandar Vucic, in which he says the Serbian leader shared an “interesting perspective” on what is happening in Ukraine, given that his own country was bombed by NATO almost a quarter century ago. In a brief video shared on …
Read More »Biden is willing to damage US economy to counter China – Yellen
President Joe Biden will stop at nothing to protect America against security threats posed by China, even if the actions he must take damage his own nation’s economy, US Treasury Secretary Janet Yellen has claimed. “National security is of paramount importance in our relationship with China,” Yellen said on Wednesday …
Read More »Worst-performing G7 economy revealed
The US was the worst-performing of the Group of Seven most advanced Western economies in the second quarter of 2022, the latest data from the UK Office of National Statistics (ONS) showed on Friday. The ONS released the G7 comparison while also reporting that the British economy had contracted by …
Read More »EU heading for ‘war economy’ – Orban
Hungarian Prime Minister Viktor Orban has lambasted an EU plan to reduce gas consumption by 15%. Unless the bloc pushes for peace in Ukraine, he warned that Europe will face an energy crisis, a recession, and political turmoil. Speaking following a meeting with Austrian Chancellor Karl Nehammer in Vienna on …
Read More »Russian economy more resilient than expected – Bloomberg
Russia appears to be on track for a much shallower recession than was initially expected this year, Bloomberg reported on Wednesday, citing experts. Surging oil shipments have blunted the impact of US and EU sanctions, they say. According to the publication, economists from JPMorgan Chase, Citigroup, and other big banks …
Read More »Russia could destroy half of Lithuania’s economy – governor
Moscow could bring down half of Lithuania’s economy in response to the partial trade blockade of Kaliningrad Region, Russia, its governor has said. “The transport sector of the Baltic states could be destroyed if Russia implements counter-sanctions on the goods coming in and out of the Baltic states,” Kaliningrad Region …
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