Russia’s economy in crisis as sanctions bite
01 March 2022 | 1:41 pm
The war in Ukraine has prompted huge financial sanctions against Russia. The escalating list of measures is starting to severely impact the country's economy. The stock exchange is closed and people are queueing at ATMs.
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Ukraine said the first commercial cargo ship has left the port through a "humanitarian corridor" after Moscow threatened to sink such vessels. The ship set sail despite a new bombardment along the Danube River.
The Roscosmos space agency had earlier reported an "abnormal situation" on Luna-25, Russia's first moon probe in almost 50 years.
As the world economy reels from a global slowdown amid the Ukraine war, Brazil could benefit from the multiple crises.
U.S. President Joe Biden told reporters on Wednesday that reports saying Russian mercenary chief Yevgeny Prigozhin was listed as a passenger on a private jet that crashed was not surprising.
The reporter has been held in pre-trial detention since his arrest in March. Moscow accuses Evan Gershkovich of espionage, which he and his newspaper deny.
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Surrendered without a shot fired, the town of Kupyansk was one of the first Ukrainian territories to face Russian occupation. Under the facade of Moscow’s Russification strategy, a divided city was further broken.
Ukraine is known as one of Europe's biggest grain producers. But it also possesses highly valuable natural resources such as iron ore and coal — which Russia is keen to exploit.
Europe's largest economy has flatlined recently, showing no signs of recovery from a winter recession. The International Monetary Fund has predicted Germany will be the only major advanced economy to shrink in 2023.
As a group of senior Gabonese military officers announce they have seized power and placed President Ali Bongo under house arrest, we take a closer look at Gabon's economic situation. The Central African nation is the fourth-largest oil producer in sub-Saharan Africa, but a third of its population lives below the poverty line. One particular source of frustration lies in the high levels of corruption: the country ranks 136th in Transparency International's Corruption Perceptions Index.
On 17 August 2023, popular protests over the high inflation rate and deteriorating economic situation in Syria erupted in the Druze majority city of Al-Suwayda, with hundreds of participants. These grew, and by 20 August, thousands of protesters chanted slogans demanding the downfall of Assad regime.
A year ago, Russia stopped gas flows to the EU via the Nord Stream pipeline to inflict pain on the bloc for its overwhelming support for Ukraine. The weaponization of its gas supplies has ended up hurting Moscow more.
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