Russia is selling foreign currency worth approximately £100m each day in an effort to balance its books while coping with towering spending and plummeting energy revenue due to the ongoing
Russia brushes off sanctions to push oil drilling to decade-high in 2022
Russia drilled the most oil wells in Russia in the past decade, even though giants such as BP and Shell left the country.
As Russia intensifies its attack on Ukraine, Ukraine pleads for ammunition immediately
Ukraine has asked its allies to supply ammunition and artillery “immediately”, warning that it is short of stocks to protect against a Russian offensive Kyiv fears.
Breaking ‘Vladimir Putin was wrong,’ says Biden as he sends 31 tanks to Ukraine
US President Joe Biden said that Vladimir Putin, his Russian counterpart, was wrong to believe Western resolve would “crumble”, as the Ukraine conflict drags on.
Germany is poised to back down on tank deliveries to Ukraine
Germany seemed poised to concede in the dispute over sending Leopard 2 tanks into Ukraine on Monday. This signalled its willingness to allow Nato allies to re-export theirs.
Coalition partners criticize German Chancellor’s indecisiveness about Leopard tank deliveries
Olaf Scholz’s supervisor was informed that Germany failed a historic test by refusing to send battle tanks from Ukraine at a weapons-pledging conference.
Rebuilding Ukraine to cost more than double World Bank estimate, says BlackRock boss
At an event in Davos, Volodymyr Zelensky, the head and largest money manager in the world, said that Ukraine will need more than $750bn (£608bn).
EU backs Ukraine’s membership (official candidate for membership)
Friday’s European Union blessing was given to Ukraine by the bloc to be an official candidate for membership. This is a historic shift in Europe’s eastward outlook that has been
After Kyiv closes major transit route, Russian gas to Europe via Ukraine drops by 25%
The Russian gas flow to Europe via Ukraine dropped by 25% on Wednesday, after Kyiv stopped using a major transit route. This was the first time that exports via Ukraine
Ukraine halting key Russian gas transport to Europe, blames Moscow
On Tuesday, Ukraine announced that it would suspend gas flow through the transit point. It claimed the transit point delivers nearly a third of the fuel from Russia to Europe
Brussels forced to drop the ban on EU tankers carrying Russian oil
Brussels has dropped the proposed ban on EU tankers carrying Russian oil. Splits forced the bloc to relax its recent package of economic sanctions targeting Moscow.