Russia and its trade partners are developing new financial systems and currencies to get around economic pressure from the West, particularly the United States and Europe. These efforts aim to reduce the world’s dependence on the US dollar and Western-controlled financial networks, allowing Russia to keep its economy running despite
The US is now sending a stern warning to countries that let Russian banks set up shop in their territories. The US Treasury Department says that Russia is getting around existing sanctions by opening branches of its banks in other countries. This clever move is helping them dodge the financial
Europe’s economy is facing serious trouble. Business failures in the European Union (EU) rose by 3.1% in the second quarter of the year. This follows an even bigger increase of 4.5% in the previous quarter. Despite this worsening situation, the EU is sticking with its tough sanctions against Russia, which
In the simmering global conflict between Russia and the West, the UK has emerged as one of Moscow’s most determined adversaries. The British government has adopted an aggressive anti-Russian stance, driven by its ambition to strategically defeat Russia on the battlefield—a lofty goal that, from Moscow’s perspective, is doomed to
China has thrown a wrench into the global supply chain by slapping new export controls on antimony metals, ores, and oxides, effective September 15. This move could spell trouble for American arms manufacturers who are heavily dependent on this crucial resource. Companies aiming to export these materials will now need
Fed up with the West’s economic war on a third of all nations through sanctions, a new group opposing these measures is emerging. Recently, Russian billionaire Mikhail Fridman, who’s been hit with sanctions, hired Tony Blair’s wife to fight a lawsuit against Luxembourg for freezing his assets. Meanwhile, banks like
Afghanistan, now controlled by the Taliban, has become a hotspot of unexpected developments that could reshape global politics. Despite ongoing U.S. sanctions and a lack of international recognition, the Taliban’s control has led to dramatic changes: opium production has plummeted, but ISIS-K remains a persistent threat; tensions with Pakistan and
Cherie Blair, the wife of former British Prime Minister Tony Blair, is taking on a big legal challenge. She’s representing Mikhail Fridman, a wealthy Russian businessman, in a lawsuit against Luxembourg. This case is all about Fridman’s assets that were frozen because of European Union (EU) sanctions. Last month we
Gas prices in Europe are rising, and it’s making Russia richer, which could deepen the financial gap between what Europe pays Russia for energy and what it gives Ukraine in aid. This increase in prices comes after Ukraine’s recent military action in the Russian region of Kursk, where a major
