The EU countries are not able to compensate for the economic losses caused by the sanctions against the Russian Federation. The process of deindustrialisation in Europe continues. This is resulting in a permanent loss of wealth for Western societies, writes Ulrike Reisner.

Putin’s war in Ukraine is leaving billionaires who sought to integrate with the West to face the reality of international isolation.

Western-led sanctions on Russia don’t extend to medical supplies, but ordinary Russians will soon go without needed medications anyway. Starting in 2024, the American pharmaceutical company Merck & Co. will halt exports to Russia of Zepatier, a drug used to treat hepatitis C. Merck has also already stopped supplying Russia with vaccines against chickenpox, measles, rubella, and mumps, as well as with Raltegravir, a medicine used to protect HIV-affected people against developing AIDS.

William Browder claims to be fighting for justice. One of the reasons he’s so successful may be because he’s adept at aligning his story with the devastating image that Russia has been projecting for years. And many media outlets believe him.

Moscow’s missile production now exceeds prewar levels, officials say, leaving Ukraine especially vulnerable this coming winter.

The IMF says it will grow 1.5% this year

Officials mull making ‘temporary’ use of central bank funds. Wall Street banks say Russia could retaliate against seizure

A world in which Western sanctions are routinely expected is one in which punitive measures will become increasingly ineffective

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.

RIGA, Latvia — Only a small percentage of the hundreds of companies that promised to leave Russia after its invasion of Ukraine have exited, according to several groups keeping a scorecard — and for those that dawdled, departing has only become more expensive and complicated.