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Russian economy on the brink: insider report highlights risks of Central Bank's interest rate hikes
Efforts by the Central Bank of Russia to rein in inflation through interest rate hikes are not only ineffective but also edge the Russian economy towards a precipice. Even analysts close to the Kremlin concede this inconvenient truth for Russia's leadership. According to a forecast by the economic center CMACP, which is close to Russian authorities, the Russian economy is headed for a shock, which is expected to bring about a production decline, corporate bankruptcies, and a surge in unpaid …
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Kremlin: Russia forgives $20 billion in African debt
Russia has forgiven a staggering $20 billion in debts owed by African countries, according to President Vladimir Putin's Special Representative for the Middle East and Africa, Deputy Foreign Minister Mikhail Bogdanov. Bogdanov emphasized that these funds are being redirected into development projects under a refinancing program.
On November 10, Sudan's Deputy Foreign Minister, Hussein Al-Hajj, expressed high hopes for Russia's aid in reviving the country's agriculture sector. The sector has …
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Ukrainian drones strike fuel depots in Russia’s Tver and Penza regions
Russian authorities have confirmed an attack involving nearly 30 Ukrainian drones targeting two main locations — Tver and Penza. Residents of Penza reported damage to an oil depot on the eastern outskirts of the city.
On the night of November 13, Russia's Ministry of Defense and the governor of Penza region announced the probable downing of three Ukrainian drones, which had flown 700 km to reach the local oil depot.
Meanwhile, local residents posted online footage revealing a blackened fuel …
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High-ranking Russian naval commander allegedly behind missile attacks on Ukraine killed in Sevastopol
A car explosion in the occupied city of Sevastopol has left a high-ranking Russian military officer with fatal injuries, according to local media reports. As reported by The Moscow Times, an explosive device detonated, resulting in non-survivable injuries for Valery T., a captain of the first rank and chief of staff of the 41st brigade of missile ships and boats. The vehicle exploded and caught fire. Local "governor" Mikhail Razvozhayev announced that rescue workers arrived swiftly but were …
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Ukrainian Forces strike key Russian ammunition depot in Bryansk
Ukrainian Forces launched an overnight drone assault targeting ammunition depots of Russia's 1060th Logistics Support Center, formerly the 120th Arsenal of the Main Rocket and Artillery Directorate, according to the Ukrainian General Staff.
The General Staff reports indicated at least eight explosions were recorded. "Objective verification results indicate the presence of at least two fires within the military unit's territory and signs of secondary detonation," the statement reads.
The …