Russia faces economic challenges as oil revenue dwindles and borrowing efforts falter
Efforts by Russia’s Finance Ministry to curb its budget deficit through foreign borrowing have faltered significantly.
The collapse in oil prices, fueled by President Donald Trump's trade war, is taking a significant toll on Russia’s economy, leaving a gaping hole in the country's budget without an apparent solution. This issue is highlighted in a blog post by Russian economist Vyacheslav Shiryaev.
The Finance Ministry is scrambling to fill the budget void as oil revenues plummet, but it …
Germany pledges over €11 billion for Ukraine's defense
Ukraine's Armed Forces are set to receive state-of-the-art electronic warfare systems aimed at neutralizing Russian missiles and drones. At the forefront of this coalition's efforts is Germany, joined by nine other countries.
The decision emerged from the 27th meeting of the Ukraine Defense Contact Group, held in the “Ramstein” format on April 11, as announced by the German Ministry of Defense.
This new electronic warfare coalition builds on top of eight existing military coalitions. Germany …
Captured Chinese soldier chooses Ukraine over returning to Russia due to safety concerns
The Chinese soldier captured by the Ukrainian Forces voiced his preference to remain in Ukraine rather than be exchanged back to Russia, citing safety concerns, said Ukrainian President Volodymyr Zelensky.
The latest segment of the soldier's interrogation was released on April 10 on President Zelensky's official Telegram channel. According to documents previously published by the Security Service of Ukraine (SBU), the soldier in the video is identified as Chang Renbo. In his testimony, he …
U.S. Envoy Witkoff heads to Russia for high-stakes Ukraine ceasefire talks with Putin
In a swift move, U.S. Special Representative Steve Witkoff is heading back to Russia for another crucial meeting with President Putin today. This development was initially reported by Axios, supported by data from the air traffic monitoring service FlightRadar
This marks the third meeting between Putin and Witkoff in 2025. The main agenda is to negotiate a ceasefire in Ukraine and draft an agreement between Kyiv and Moscow. Last week, former President Trump expressed dissatisfaction with how …
Ukrainian Forces counter Russian attacks amid intense battles in Donetsk region
Russian forces are reportedly entrenching themselves near the settlements of Kotliarivka and Fedorivka in Donets region, pushing deeper into Ukrainian defenses with an eye on advancing toward Komar, reports Ukrainian Forces soldier, codenamed "Mukhnoy," on his Telegram channel.
According to Mukhnoy, Russian forces have established positions east of Kotliarivka and are launching minor assaults around the area. Despite their efforts, they have not yet solidified their hold on the village …