Russia’s steel industry reports massive losses
Crisis in Russia, Economy & Business

Russia’s steel industry reports massive losses

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In the past week, two of Russia’s largest steel producers have posted earnings showing losses of up to – 89%, as Magnitogorsk Iron and Steel Works (MMK) and Severstal reported collapsing profits, falling revenues, and negative cash flow for the second quarter and first half of 2025. The reports confirm that Russia’s once-dominant steel industry is now grappling with structural decline under the weight of sanctions, rising costs, and a shrinking domestic economy.

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Waves of Ukrainian Drones Target War Related Manufacturing Across Several Russian Regions
Crisis in Russia, War

Waves of Ukrainian Drones Target War Related Manufacturing Across Several Russian Regions

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Coordinated drone strikes have again breached the depths of Russia’s industrial base. On the night of 25 July 2025, Ukrainian unmanned aerial vehicles (UAVs) struck the Nevinnomyssk Azot chemical plant in Stavropol Krai, a facility recognised as central to Russia’s defence‑industrial complex. Local authorities, including the city’s mayor, Mikhail Minenkov, stated that there were 37 separate impacts at the site.

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Russians Continue to Use and Abuse Steven Seagal
World News

Russians Continue to Use and Abuse Steven Seagal

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Steven Seagal, once an improbable Hollywood action hero, has found a second, if increasingly strained, act as a peculiar prop in Russia’s geopolitical theater. His recent decision to step down as CEO of Five Elements LLC on July 17, 2025, while seemingly a business move, is another telling chapter in how Russia has leveraged, and arguably exploited, the aging actor for its own ends, even as the global landscape makes his continued presence a liability.

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Russian Housing Market Continues to Collapse
Crisis in Russia, Economy & Business

Russian Housing Market Continues to Collapse

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Russia’s housing market is unraveling at accelerating speed, with official figures now confirming the worst half-year performance in recent memory. According to DOM.RF data, sales of new housing in Russia fell 26% year-over-year in the first half of 2025, with the second quarter showing a devastating monthly collapse: April (-25%), May (-40%), and June (-55%). The trend is visible across all core indicators.

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EU Approves Sweeping New Sanctions on Russia
World News

EU Approves Sweeping New Sanctions on Russia

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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, underscores the bloc’s resolve to weaken Russia’s economic foundation.

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Germany to Deliver Long-Range Missiles to Ukraine “Very Soon,” Merz Says
World News

Germany to Deliver Long-Range Missiles to Ukraine “Very Soon,” Merz Says

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Germany will provide Ukraine with long-range missile systems “very soon,” Chancellor Friedrich Merz said during a July 17 press conference in London. The announcement signals a shift in Berlin’s position on supplying Ukraine with deep-strike capabilities as Kyiv continues to defend itself against Russian aggression. “We are acting very specifically and very soon,” Merz said, confirming that plans are already being made for the deployment of the long-range weapons.

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Desperate Russian Banking Sector Looks to Bailouts to Prevent Catastrophe
Crisis in Russia, Economy & Business

Desperate Russian Banking Sector Looks to Bailouts to Prevent Catastrophe

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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.

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Russia’s Coal Industry in Crisis as Dozens of Enterprises Face Closure
Crisis in Russia, Economy & Business

Russia’s Coal Industry in Crisis as Dozens of Enterprises Face Closure

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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. “According to the Ministry of Energy, there are currently 51 enterprises — both mines and open pits — that are in the so-called red zone,” Islamov said.

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