In a move to stabilize the economy, Russia's central bank lowered its key interest rate to 16%. This decision came as inflation is easing, but the economy is still struggling to grow, partly due to the ongoing military actions in Ukraine. The central bank's announcement coincided with President Vla
The Biden administration has recently unveiled its final military aid package for Ukraine, totaling $500 million. Defense Secretary Lloyd Austin was slated to reveal this figure at the last US-led Ukraine Defense Contact Group meeting at Ramstein Air Base in Germany. This assistance comes as the Whi
2024 was tough for Ukraine. A surprise attack in Russia's Kursk region caught the Kremlin off guard, but the war isn't going well for Ukraine. Russian forces are pushing hard in Donetsk, threatening major cities like Pokrovsk. The Ukrainian offensive in Kursk didn't go as planned. Many Ukrainians ar
Vladimir Putin has come clean about the economic struggles Russia is facing. The Russian president admitted that sanctions and worker shortages are causing problems in the economy. This comes after Russia's Central Bank raised interest rates to a whopping 21%. That's even higher than the emergency r
Sergey Chemezov, a close associate of Russian President Vladimir Putin, has raised an alarm. He believes that most Russian companies might go bankrupt due to the sky-high interest rates. Chemezov, who heads the state-owned Rostec, made these comments while speaking to the Federation Council earlier
