saudi arabia, jeddah: volodymyr zelensky, president of ukraine is greed by saudi officials as he arrives for the 32nd arab league summit
Economy & Business

OPEC Turns Up the Taps—and Turns Up the Heat on Russia

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OPEC+ is accelerating oil production. What began as a slow unwind of voluntary cuts has become a sharp shift in strategy: the group plans to reverse 2.2 million barrels per day (bpd) of voluntary cuts by the end of October— much faster than previously expected. For Russia, this is not just bad news. It is potentially devastating. As of April 1, OPEC+ had already increased output by 138,000 bpd. In May and June, that increase jumps to 411,000 bpd per month.

OPEC Turns Up the Taps—and Turns Up the Heat on Russia Read Post »

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Economy & Business

Oil, War, and Western Amnesia: How the Kremlin Buys Time to Reload

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Russia’s wars run on oil. Not metaphorically— literally. Every tank shell, every drone, every missile barrage is funded by the price per barrel. And every ceasefire or “peace negotiation” is not a step toward peace, but a strategic pause for rearmament, perfectly timed with a drop in oil revenue. Let’s rewind to 2014. Russia invaded Crimea in February. Brent crude was at $110 a barrel.

Oil, War, and Western Amnesia: How the Kremlin Buys Time to Reload Read Post »

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Economy & Business

OPEC+ Surprises Markets with June Output Hike — Russia to Feel the Pain

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OPEC+ has agreed to raise oil output by 411,000 barrels per day in June, continuing a strategy shift aimed at disciplining quota violators and responding to global calls for lower fuel prices. The decision mirrors a similar production hike for May and signals the bloc’s growing willingness to tolerate lower oil prices, even at the expense of short-term revenues. Led by Saudi Arabia and Russia, the move has caused oil prices to fall to around $61 a barrel— near four-year lows—

OPEC+ Surprises Markets with June Output Hike — Russia to Feel the Pain Read Post »

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Economy & Business

U.S. prepares new Russia Sanctions as Patience with Putin Wears Thin

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As Russia’s war on Ukraine enters its third year, the United States has prepared a new package of sanctions aimed at some of the Kremlin’s most vital sectors— including Gazprom and other major energy players. But despite the pressure from U.S. officials and European allies, it remains uncertain whether President Donald Trump will sign off on the measures. The proposed sanctions mark a significant potential shift in Trump’s stance on Russia.

U.S. prepares new Russia Sanctions as Patience with Putin Wears Thin Read Post »

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Economy & Business, World News

Ukraine and US Sign Historic Economic and Reconstruction Investment Agreement

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Ukraine and the United States are moving forward with a bilateral agreement to create the U.S.– Ukraine Reconstruction Investment Fund, following the approval of the agreement’s text by Ukraine’s Cabinet of Ministers. According to a statement from First Deputy Prime Minister Yulia Svyrydenko, who will represent Ukraine in Washington, the agreement is ready for signing. The Fund is designed as a 50/50 partnership between Ukraine and the United States, with equal management rights.

Ukraine and US Sign Historic Economic and Reconstruction Investment Agreement Read Post »

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Crisis in Russia, Economy & Business

Russia’s domestic manufacturing sector again collapses to new lows

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Russia’s wartime economy continues to collapse, with today’s data confirming a worsening situation in production across the country. Russia’s civilian industrial sector has officially entered recession, according to a new report from the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF), underscoring the growing strain on the country’s economy amid prolonged military mobilization and tightening international isolation.

Russia’s domestic manufacturing sector again collapses to new lows Read Post »

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Crisis in Russia, Economy & Business

Putin admits that the Russian economy is spiraling

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In a rare moment of candor, Putin acknowledged that the Russian economy is under severe strain. Even “official” inflation data remains stuck above 10%, GDP growth is slowing sharply, and liquidity is vanishing from the system. At a recent economic meeting, the Kremlin admitted that bank lending is collapsing— business loans shrank by 680 billion rubles in Q1 2025, while personal loans dropped another 192 billion. Construction and infrastructure projects are being hit especially hard.

Putin admits that the Russian economy is spiraling Read Post »