Economy

news

4 mins read

Record-breaking Russian grain exports expected in 2023

Russian grain exports are expected to reach record levels in the current 2022-2023 agricultural season, with estimates by various domestic agencies and institutions ranging from 55.5mn to 59.3mn tonnes, Kommersant daily reported.

news

5 mins read

Why the economic war against Russia has failed

There was much mirth in the West this week when Vladimir Putin’s Victory Day parade through Red Square included just one tank, itself a relic from a museum. The inference was that Russia has lost so much military kit in Ukraine that it is a shadow of the military superpower the Soviet Union used to be.

news

6 mins read

Russia’s Rise

The West’s sweeping sanctions on Russia following its invasion of Ukraine are shaping up to be the West’s most monumental miscalculation in modern history. The sanctions have not brought the Russian economy to its knees, as was widely predicted. Instead, it’s the Western economies that are reeling, their economic growth all but stopped. Many of them are simultaneously suffering from both high inflation and energy shortages.

news

4 mins read

Bank of America cuts short conference after outrage at comments on Ukraine war

Event was ‘overwhelmingly pro-Russian’, says one attendee, as bank calls clients to apologise

news

1 min read

European scholars estimate that less than 9% of Western firms had divested from Russia

Less than Nine Percent of Western Firms Have Divested from Russia

news

10 mins read

Has Russia’s Invasion of Ukraine Doomed the Dollar?

The Ukraine crisis has more or less reinforced the nearly global view that the world is better served with multipolarity and multilateralism.

news

5 mins read

Oil is Today’s Rhubarb

Sanctions always fail, as the Chinese found out long ago.

news

8 mins read

Grain Wars: Black Sea Attack Exposes Zelensky’s Media Stunts for What They Are

To observe Zelensky’s statement to western media, arguing that African countries may face famines, is both absurd and disingenuous.

news

8 mins read

Russia Confounds the West by Recapturing Its Oil Riches

Moscow is raking in more revenue than ever with the help of new buyers, new traders and the world’s seemingly insatiable demand for crude

news

5 mins read

The Continuing Isolation of Russia? But Wait…

In his State of the Union address, President Biden announced that Russia was “isolated from the world more than [it] ever has been.” He said that “We are choking off Russia’s access to technology that will sap its economic strength and weaken its military for years to come.”