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World News

Heads of French and British Militaries Arrive in Kyiv to discuss Boots on the Ground

Months of preparations and planning are finally bearing fruit, as several allied nations plan to build a military contigent inside Ukraine to supplement Ukrainian forces. History is being made today in Kyiv, as senior military representatives from France, the United Kingdom, and Ukraine convened in Kyiv to discuss the deployment of a foreign military contingent on Ukrainian soil.

Heads of French and British Militaries Arrive in Kyiv to discuss Boots on the Ground Read Post »

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Crisis in Russia, Economy & Business

Russia’s Two biggest auto manufacturers enter state of collapse

Russia’s auto industry has entered a full state of collapse with the country’s flagship KAMAZ truck company reporting 2024 earnings down a stunning -96%. March sales at the maker of Lada (AvtoVAS) down -33%, and overall Russia car market hitting -44% year-over-year. Russian Auto Industry in Freefall, as both AvtoVAS and KAMAZ Report Stunning Declines with KAMAZ 2024 profit down -96% and LADA March sales down -33% year-over-year and total auto market sales down -44%.

Russia’s Two biggest auto manufacturers enter state of collapse Read Post »

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World News

Russians suspected in yet another terror attack in Czech Republic

Now becoming a weekly occurence, Russian terror attacks around the EU have faced zero resistance, with European Union member states refusing to respond in any way to constantly escalating attacks. Another explosion has rocked a military facility in the Czech Republic, injuring at least one person and raising concerns across Europe. The blast occurred at the Synthesia chemical plant near Pardubice, where ammunition was being stored.

Russians suspected in yet another terror attack in Czech Republic Read Post »

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Crisis in Russia

Ukrainian forces Strike humiliating blow on Engels Airbase

Ukraine’s early morning strikes on Russia’s Engels-2 airbaase caused blastwave damages even 2 kilometers from the pojnt of impact. In today’s early hours, Ukrainian forces launched a significant drone assault on Russia’s Engels-2 Airbase, a key hub for strategic bombers in Saratov Oblast. Home to the Tu-95 and Tu-160 aircraft— both crucial in Moscow’s missile campaigns against Ukraine— the base represents a critical pillar of Russia’s long-range strike capabilities.

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Crisis in Russia, Economy & Business

Russia’s largest coal mines continue closing, unable to pay workers

Russia’s main coal producing region faces certain collapse as sanctions, mismanagement and theft lay waste to one cornerstone of the Russia economy. We’ve mentioned it in previous articles HERE, HERE and HERE and it’s only getting worse. Russia’s coal industry— a cornerstone of its energy sector, is now collapsing at break-neck speed.

Russia’s largest coal mines continue closing, unable to pay workers Read Post »

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Crisis in Russia, Economy & Business

Former Russian Finance Minister Warns of Imminent Depletion of National Wealth Fund

Already on a negative trajectory since 2020, Russia’s National Wealth Fund, now holding only 1.9% of GDP, could be gone in six months if war expenditures don’t come to an end, according to former Russian Finance Minister Mikhail Zadornov. Russia’s National Wealth Fund (NWF), established as a financial safeguard for rainy days, is now facing imminent depletion amid ongoing economic challenges.

Former Russian Finance Minister Warns of Imminent Depletion of National Wealth Fund Read Post »

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Crisis in Russia, Economy & Business

60% of Russia’s car dealerships facing imminent bankruptcy

A combination of a rapidly slowing economy and excessively high interest rates has effectively killed the Russian auto industry, with industry leaders calling for government bailouts. Around 60% of Russia’s car dealers now face bankruptcy if government fails to step in with large scale bailouts of the industry, according to the head of the Russian Automobile Dealers Association (ROAD) Alexei Podshchekoldin. “Some will last another two or three months, someone will last up to six months.

60% of Russia’s car dealerships facing imminent bankruptcy Read Post »

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