Crisis in Russia, Economy & Business, World News

Total Collapse in Russia’s Coal Industry

Russia’s coal-mining regions are grappling with a sharp decline in budget revenues as coal companies face financial difficulties caused by the loss of export markets and reduced production. Finance Minister Anton Siluanov reported that profit tax revenues in the Kemerovo region, which accounts for 60% of Russia’s coal production and 80% of coking coal, have dropped by 59%. Similar declines have been observed in Buryatia and the Jewish Autonomous Region.

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Economy & Business, World News

Russia-China cooperation suspected in destruction of unsea cables

Authorities are investigating the Chinese bulk carrier Yi Peng 3 for allegedly dragging its anchor deliberately over a stretch of more than 100 miles in the Baltic Sea, severing two critical undersea communication cables. The incident has sparked international concern and intensified scrutiny over the security of undersea infrastructure, which is vital for global communications and military operations.

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