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Russia is in serious trouble from a ballooning budget deficit. Rising oil prices are unlikely to change the math. Source: Oneindia War in the Middle East is pushing oil prices up, to the delight of the Kremlin — but the rise may prove too short-lived and too modest to save the Russian government from otherwise imminent spending cuts this year. Just two months into 2026, the Kremlin’s budget is already shot to pieces. On March 3, Brent climbed to $83 a barrel , its highest sin

In 2026, the Russian economy is not yet in decline, but it is in real trouble. War-driven growth is losing momentum, sanctions are tightening, financial reserves are shrinking, and uncertainty is increasingly shaping everyday life. What for a while looked like resilience is proving fragile, as the economic costs of the war spread beyond the battlefield. The illusion of resilience For years, the Kremlin has insisted that Western sanctions do not work and that Russia’s economy

When many US taxpayers hear about Ukraine, they ask: what’s in it for us? The story of Ukraine's largest oil company shows why helping Kyiv can put America first. Source: FREEDOM In November 2022, nine months after Russia’s full-scale invasion, Ukraine seized Ukrnafta from oligarch Ihor Kolomoisky. The once-mighty petrochemical behemoth was near collapse — with just $10m in the bank, billion-dollar tax debts , and a $14m payroll it could barely meet.   Yet under reformist man

European authorities are no longer confining their response to Russia’s shadow fleet to sanctions lists. Image: Heikki Saukkomaa /...