Russia, Ukraine and Zelenskiy
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Putin, Trump and Russia
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Despite Europe’s pledge to stand side by side with Ukraine, many of Zelensky’s allies couldn’t stomach the one sacrifice it would take to cause Putin real harm: to give up his oil and gas completely,
Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy creaking under the weight of financing the more than three-year war in Ukraine,
The Kremlin's export ban on petrol has failed to contain shortages, with queues now stretching for miles as motorists wait hours for limited rations in Russia's Far East.
Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the economy needs a breather." View on euronews
As a result of the ongoing wealth destruction, the adverse effects of the war on Russia’s economy are becoming increasingly apparent.
In a desperate bid to save money, businesses across the country are implementing a stringent programme of wage cuts and reduced working hours.
Russia's war machine has become such an integral part of its economic engine that its military industry is likely to keep expanding even after the fighting in Ukraine ends, according to a report ...