Economy & Business

Crisis in Russia, Economy & Business

Russia’s Economic Death Spiral continues as more Rate Hikes look to Trigger Bankruptcy Tsunami

In what appears to be a calculated but catastrophic gamble, Russia’s Central Bank this week plans to jack up its key interest rate from today’s already crushing 21% to a further punishing 25%, sparking fears of  impending economic collapse. Normally towing the party line, even the Putin regime’s Pro-Kremlin economists are now warning that the move could unleash a tidal wave of corporate bankruptcies, threatening the survival of entire sectors of the Russian economy.

Economy & Business, World News

Romanian Authorities raid homes of those involved in russia’s attempt to rig presidential election

Now two weeks after Russia’s attempt to install a little known pro-Russian, Nazi sympathizer into the Romanian Presidency using 10 million TikTok accounts, fake facebook profiles and around €380,000 in payments to social media influencers, Romanian law enforcement agencies have initiated a series of searches targeting individuals suspected of financing the presidential campaign of Călin Georgescu.

Crisis in Russia, Economy & Business

Russia’s Farm equipment sales now in freefall

Amidst record crop failures and with all resources now going to Putin’s global war projects, things are only getting worse for the collapsing Russian agricultural sector, with domestic sales of new equipment dropping by 16.5% year-on-year to 167.5 billion rubles in the first ten months of 2024, according to the Russian Association of Specialized Machinery and Equipment Manufacturers (Rosspetsmash). Production and exports have also declined by 12.6% and 9.6%, respectively, amounting to 205.8 billion rubles in production and 14.1 billion rubles in exports.

Crisis in Russia, Economy & Business

Russia Faces Unprecedented Winter Crop Losses

Farmers say theyve never seen in so bad as Russia is confronting an unparalleled agricultural crisis with severe drought conditions threatening to decimate winter crop yields, particularly wheat, across key farming regions. This development poses significant challenges to the nation’s food security and its position in global grain markets as the Russian economy already faces collapse in a number of sectors.

Economy & Business, World News

Another member of Russia’s paid influencers program arrested in the US

According to the indictment, Zarubina was recruited in 2020 by an FSB agent codenamed “Alice.” Her mission involved establishing a network of contacts within the United States, targeting journalists, military personnel, think tank researchers, and university professors specializing in Russian affairs. The objective was to advance pro-Russian narratives. To this end, Zarubina participated in discussion panels and activist seminars across Europe and the U.S.

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