Russia could become black listed by the Financial Action Task Force in June. To avoid this, Moscow is pressuring India to help thwart the blacklisting effort, Bloomberg reported. Russia has told India that key energy and weapons deals would be at risk. Russia is asking for India’s support to avoid getting on a black list … Read more
The International Criminal Court issued an arrest warrant for Russian President Vladimir Putin earlier this week, linking him to the war crime of deporting Ukrainian children – at least hundreds – to the other country. While the move is largely symbolic, it is likely to have some repercussions on Moscow and its top leader as … Read more
Beijing claims to have a neutral stance in the war that began one year ago, but has also said it has a “no limits friendship” with Russia and has refused to criticize Moscow’s invasion of Ukraine, or even refer to it as an invasion. It has accused the West of provoking the conflict and “fanning … Read more
Ukrainians cheered from their balconies while their air defences blasted Russian missiles and drones out of the sky in the first hours of 2023, as Moscow saw in the new year by attacking civilian targets across Ukraine. Ukraine’s Air Force command said it had destroyed 45 Iranian-made Shahed drones overnight —32 of them on Sunday … Read more
President Joe Biden said on Tuesday there will be “consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis. Biden suggested he would soon take action as aides announced that the administration is reevaluating its relationship with the kingdom … Read more
India is right to be “deeply disturbed” about the worsening Ukrainian crisis. How and when it will end is unclear. With the Nord Stream pipelines sabotaged, Europe’s energy crisis aggravated, the EU intransigent, Russia’s implicit nuclear warnings, US announcing additional billions of dollars of arms aid to Ukraine and more sanctions on Russia, the outlook … Read more
Saudi Arabia’s sovereign wealth fund invested $2 billion in Russia before the Ukraine invasion. A prospectus for the fund revealed investments in Russia’s infrastructure, manufacturing, logistics and retail sectors, the Wall Street Journal said. The Public Investment Fund, which is run by Saudi Crown Prince Mohammed bin Salman, oversees $600 billion in assets. Something is … Read more
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
Just as Russian forces continued to fight for control of Sievierodonetsk, an eastern Ukrainian city that is key to Moscow’s goal of completing the capture of the industrial Donbas region, a theater in Ukraine’s capital Kyiv reopened for the first time since war began, and tickets sold out for Sunday’s performance. The theater on Podil … Read more