The United States recently took a big step by imposing heavy sanctions on Russia’s Gazprombank, which is a major player in handling gas payments from Russia. These new sanctions are part of a larger effort by the US to pressure Russia, but Hungary’s Foreign Minister, Peter Szijjarto, says these actions
A new sea trade route connecting India and Russia is now open, and it’s set to change the game for global shipping. The Eastern Maritime Corridor (EMC) links Vladivostok in Russia’s Far East to Chennai on India’s southeastern coast. Indian Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, made the
A startling investigation has uncovered a hidden network involving large shipments of high-tech measuring instruments that were originally meant for Kazakhstan. However, these advanced devices are being redirected to Russia, including to companies already facing international sanctions. The story begins with Kazakhstan-based companies, like Askarlab, purchasing expensive electronics from leading
Iran claims the United States owes it a staggering $1 trillion for the economic damage caused by decades of sanctions. Ali Shamkhani, a senior Iranian official and secretary of the Supreme National Security Council, made the bold accusation during a recent speech. He blamed Washington not only for harming Iran’s
In a worrying twist for Russia’s airline industry, more than 30 Russian airlines, which collectively handle over a quarter of all domestic passenger flights, are facing serious financial trouble and could go bankrupt in 2025. Most of these struggling airlines are small to medium-sized, with fewer resources to fall back
In the first nine months of this year, India’s oil exports to the European Union (EU) shot up by 58%. This spike has raised eyebrows, as much of this oil is processed from Russian crude — the very oil the EU banned following the Ukraine conflict. This intriguing shift is
Ukraine’s Defense Intelligence Directorate (GUR) recently uncovered a shocking discovery—Western-made components in a Russian drone. This happened after the drone, a Russian S-70 Okhotnik-B (Hunter-B), was shot down by friendly fire in Ukraine last month. The discovery has raised questions about how Russia is bypassing international sanctions to keep its
In two weeks, it will be the one-year anniversary of a major action in the Red Sea: the Houthis, a powerful group from Yemen, began blocking ships they suspect are linked to Israel and Western countries. This blockade has caused big disruptions to international shipping, especially in waters around Yemen,
In 2022, Japanese cars were the kings of the used vehicle market in Russia, making up a whopping 90% of all imported cars. Fast forward to 2024, and that number has plummeted to just 47%. This drastic drop is surprising, especially considering how essential the used car trade is to
