How Russia’s Economy Bucked Wall St Forecasts for Post-War Pain

Top investment banks expected Russia to suffer severe economic damage after it invaded Ukraine in February. But Russia’s economy has held up better than expected, causing them to revise those predictions. Here are three charts that show the Russian economy’s resilience in the six months since war started. When President Vladimir Putin’s forces invaded Ukraine … Read more

Finland’s bid to join NATO

What does Finland’s entry into NATO mean for Russia and the European Union? Will the move escalate the security crisis? “ The Lord’s our shepherd”, says the Psalm But just in case, we better get a bomb!’ -Tom Lehrer, Who’s next? The story so far: The strategic geopolitical ambiguity of Finland has finally come to … Read more

70% Of Exporters’ Payments Stuck In Russia Have Come In

As much as 70–80% of the payments for goods that were shipped to Russia before the Ukraine war have been coming in, a government official privy to the matter told Mint, comforting exporters. Exporters had claimed that about $500 million in payments were stuck after the war began in February. Stuck dues had become a … Read more

India looks to cash in on global wheat void post Ukraine war

While farmers stand to gain from exports amid a bumper harvest, food security campaigners urge caution Russia and Ukraine account for about 25% of the world’s wheat exports. However, Russia’s invasion of Ukraine and the subsequent Western sanctions against Moscow have curtailed their wheat supplies drastically. As a result, many countries which were sourcing wheat … Read more

Ukraine war threatens to cause a global food crisis

The war in Ukraine has delivered a shock to global energy markets. Now the planet is facing a deeper crisis: a shortage of food. A crucial portion of the world’s wheat, corn and barley is trapped in Russia and Ukraine because of the war, while an even larger portion of the world’s fertilizers is stuck … Read more

Unfolding global developments poses risks to Indian economy, says RBI

India’s macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India (RBI) said in its monthly bulletin on Thursday. “The ongoing geopolitical crisis has heightened the uncertainty clouding the global macroeconomic and financial landscape even as the world economy struggles to recover from the … Read more

Sri Lanka’s economy is being crushed by war in Ukraine

Russia’s war in Ukraine, which has caused a humanitarian crisis and convulsed global financial markets, is now threatening to crush an $81 billion economy more than 4,000 miles away in the Indian Ocean. Hit by soaring oil import costs and a dip in tourism revenue, Sri Lanka is racing to avert a default amid dwindling … Read more