Russia’s steel sector is facing mounting pressure from a combination of collapsing domestic demand and hostile export conditions, prompting officials to promise sweeping support measures in a bid to stabilize one of the country’s most critical industrial sectors.
Russian government vows rescue as Collapse of Steel Industry Accelerates Read Post »
At a moment when Russia is intensifying its assault on Ukraine’s civilian infrastructure, the United States has abruptly paused a critical shipment of advanced weapons to Kyiv—raising alarm in Ukraine and sending a chilling signal to the Kremlin. According to NBC News, the Pentagon has temporarily halted the transfer of key munitions, including Patriot interceptors, precision-guided GMLRS missile systems, Howitzer shells, and anti-aircraft Stingers, amid concerns about the state of U.S.
As Russia Escalates Attacks on Civilians, U.S. Halts Key Weapons Shipment to Ukraine Read Post »
Russia’s manufacturing sector shrank sharply in June, with output, new orders, and exports all declining at a rate not seen since the initial shock of the full-scale invasion of Ukraine. The latest S&P Global Manufacturing Purchasing Managers’ Index (PMI) dropped to 47.5 from 50.2 in May, signaling a steep contraction in industrial activity and underscoring growing strain in the Russian economy.
Russia’s June Industrial Output collapses at worst rate since the invasion Read Post »
Russia’s coal industry is in deep crisis, with export deliveries turning unprofitable in every direction, according to Deputy Energy Minister Dmitry Islamov. In an interview with TASS published on July 1, Islamov confirmed that coal exports from Russia are currently yielding negative margins—whether sent east, west, or south. “The margin is still negative across all routes,” Islamov stated.
A Greek-managed oil tanker carrying nearly one million barrels of crude oil exploded off the coast of Libya on June 27, marking the fourth unexplained blast this year involving vessels that had previously docked in Russian ports. The tanker, Vilamoura, suffered a severe explosion in its engine room as it transited international waters near Libya.
Another Russian Oil Tanker Explodes—Already the Fourth This Year Read Post »
Russia’s Sberbank, which is disconnected from the international financial information transfer system SWIFT, has the ability to send rubles with conversion into euros to foreign accounts in European banks. This is reported in The Bell. Journalists have found out that Sberbank allows transferring money to accounts of at least two European neobanks: the British-Lithuanian Revolut and the German N26.
Russia’s Sberbank now evading sanctions by using Revolut and Germany’s N26 Read Post »
Amidst two years of Russians burning European shopping malls, attempting to bomb commercial aircraft, blowing up European factories, sabotaging infrastructure and attempted assassinations, there have been no real consequences for Moscow. So, today as anything thinking person knew they would, the Russians have escalated, again.
Russians escalate attacks on NATO, Burning German Military Vehicles in Erfurt Read Post »
Several Dutch provincial and municipal government websites were temporarily inaccessible this week following a series of coordinated DDoS attacks claimed by Russian hackers. The cyberattacks, which began early Monday morning, targeted the public-facing websites of local administrations across the Netherlands, making them difficult or impossible to access for several hours.
Russia Launches DDoS Attacks on Dutch Government Websites on Eve of NATO Summit Read Post »
