The European Union on Thursday adopted its 18th sanctions package against Russia, delivering one of the most far-reaching economic blows since the start of Moscow’s full-scale invasion of Ukraine in 2022. The package, which includes tighter enforcement of the oil price cap, new restrictions on financial institutions, and a ban on hundreds of shadow tankers,
Russia’s financial system is under mounting pressure, with senior executives at the country’s largest banks privately preparing for potential state bailouts within the next year. Bloomberg reports that several systemically important lenders — including Sberbank and VTB — are facing a sharp rise in bad loans and have begun internal discussions on what form emergency state support could take.
Russia’s Coal Industry in Crisis as Dozens of Enterprises Face Closure
Russia’s coal industry is sliding deeper into crisis, with 51 mining enterprises already closed or on the verge of shutting down, according to the Russian Ministry of Energy. Speaking at a government briefing, Dmitry Islamov, Deputy Head of the Ministry, confirmed that the country’s coal sector is experiencing widespread financial distress.
Russia’s New Housing Demand Collapses Amid Mortgage Cuts and Rising Rates
Demand for newly built housing in Russia has plummeted nearly 40% over the past year, as government support for the real estate sector fades and interest rates continue to climb. According to figures reported by Vedomosti, from July 2024 to July 2025, only 458,727 newly built apartments were sold across the country,
New York Times Again Prints verbatim Russian propaganda
There’s a reason Russia didn’t just put out international arrest warrants for myself and other journalists who visited Kursk when Ukraine partially seized control of the region. It’s because they had already planned the accompanying propaganda you’re now reading in your living room.
Panic among Moscow’s Elite As Putin Moves to Seize Tycoon’s Empire
Vladimir Putin’s government has launched an aggressive campaign to nationalize the assets of Konstantin Strukov, one of Russia’s richest men and the owner of the country’s largest gold mining company.
The Security Service of Ukraine (SBU), in coordination with the Prosecutor General’s Office, has officially charged Dmitry Patrushev, Deputy Prime Minister of the Russian Federation,
