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2 mins read
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and const…
Huileng Tan
2 mins read
A top Russian banker says Russia's payment methods should be a 'state secret' because the West keeps shutting them down so fast
Top Russian central banker Elvira Nabiullina admitted intense pressure surrounding payments, but sa…
Huileng Tan
1 min read
Shadowy middlemen are giving Russia access to old Western tech left over in countries like China and Turkey
Russian manufacturers wouldn't be able to meet demand without these second-hand supplies, a think t…
Filip De Mott
2 mins read
Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar
Russia's central bank said on Thursday that the currencies from "friendly countries" and the ruble …
Huileng Tan
5 mins read
China is untangling its economy from the West. It could be preparing for long-term tensions and an invasion of Taiwan.
China is trying to make its economy less reliant on the West, but these efforts could also prepare …
Jacob Zinkula
3 mins read
Ukraine aid will kill Russian momentum but won't win it the war
The aid package was approved by the US House of Representatives, having been held up for months ami…
Tom Porter
2 mins read
The US and the West are facing the blowback of sanctions against Russia, economist says
The US may have opened a "Pandora's box of unintended consequences" by imposing sanctions on Russia…
Jennifer Sor
1 min read
Jamie Dimon says China's relationship with Russia will make it difficult for the US to fully engage with it
"We should count our blessings, be strategic, be very thoughtful, fully engage with China. They're …
Filip De Mott
4 mins read
2 Yale researchers are pulling back the curtain on Russia's sanctions-stricken economy and it's landed them on a list of Putin's enemies
Russia's economy is in trouble, no matter how much the government tries to distort the facts, two Y…
Jennifer Sor
2 mins read
Russia's economic survival hinges on prolonging the Ukraine war, think tank expert says
"Should the authorities attempt to halt militarization, a hard landing could add pressure to the go…
Filip De Mott
2 mins read
Xi Jinping is hyping China as Ukraine's peacemaker while actually helping Russia's invasion
China's leader proposed four principles for peace in Ukraine at a meeting with Germany's chancellor…
Tom Porter
4 mins read
Taiwan is one-upping Ukraine's navy to defeat a Chinese invasion
Taiwan is taking a cue from Ukraine's successful use of naval drones to try to defeat China's formi…
Michael Peck
2 mins read
Russia's economic strength will last another 18 months before unraveling as Putin grapples with policy 'trilemma,' think tank says
In the best-case scenario, Russia's economic strength will last another 18 months before Putin is c…
Jennifer Sor
2 mins read
Russia's frenemy China is quietly trying to dampen Putin's influence
China has massively boosted its economic and political influence in Central Asia while Russia's bee…
Tom Porter
3 mins read
Supply-chain hot spot Vietnam rolled out the red carpet for Putin, and the US is trying to act cool
The US is among Vietnam's largest trading partners, accounting for trade worth $111 billion in 2023.
Huileng Tan
7 mins read
Meet the woman who engineered Russia's wartime economy and helped secure another term for Putin
Once feted among her international peers, Russian central bank governor Elvira Nabiullina is now se…
Huileng Tan
2 mins read
More rich countries worried about the dollar want to buy gold
A World Gold Council survey found a record share of central banks from advanced economies planned t…
Huileng Tan
6 mins read
D-Day was the largest amphibious invasion in history — and likely the last. Here's why.
D-Day was the largest amphibious invasion in history, and possibly the last due to smaller militari…
Michael Peck
5 mins read
Ukraine needs to stop fighting the war Russia wants
Ukraine is trapped in a conflict that plays to Russia's strengths and must devise a new strategy wi…
Michael Peck
1 min read
Putin just gave Russia's post-KGB spy network a new job
Russian President Vladimir Putin has tasked Russia's spy network with helping businesses circumvent…