Contrary to Kremlin propaganda, time doesn't heal – sanctions are gradually strangling the Russian economy, and it's Europe that holds the key to Russia's economic fate. Despite Washington's loud announcements, the critical mechanism of sanction pressure on Russia is not in the US but in the hands of the European Union, reports the French newspaper Le Monde, explaining that it is Europe, not America, who has the real power to paralyze the Kremlin's economy. While Moscow celebrates progress in …

Russia is grappling with significant challenges due to U.S. President Donald Trump's tariffs. The collapse in oil prices, triggered by the U.S. tariff war, has had a devastating impact on Russia's oil industry and, consequently, its financial system. The Russian Finance Ministry is compelled to dip into the "rainy day" fund again—the National Wealth Fund (NWF), reports The Moscow Times.

The introduction of U.S. tariffs has triggered a decline in global oil demand, leading to a drop in prices. …

Estonian Foreign Minister Margus Tsahkna has issued a stark warning, suggesting that the European Union might have to yield €240 billion of frozen assets to Russian President Vladimir Putin should Hungarian Prime Minister Viktor Orban obstruct the renewal of sanctions against Russia in June, as reported by Spiegel.

Tsahkna called for a more resolute stance from European leaders towards Orban, signaling that Budapest's voting rights might be revoked to prevent fractures within the EU. He …