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Istrebin's Economics

Russian Economy enters full collapse mode

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I looked at Russia’s 2025 budget figures, and what I found is nothing short of a disaster in the making. The numbers I compiled in the table reveal the harsh reality: Russia is on the brink of financial collapse due to its reckless military spending and collapsing revenue base. Let’s break it down. The 2025 budget plan was for a 5% increase in spending, a total of 42,297 billion rubles. But in the first four months alone, they’ve already spent 15,499 billion rubles — an increase of 21%.

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Ukraine News, War

Europe still can’t make up for US weapons supplies if they stop

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As Ukraine’s war with Russia grinds on, European efforts to fill the growing gap in U.S. military support have faltered, highlighting the continent’s limited capacity to replace American firepower just as Ukraine faces critical battlefield shortages. According to New York Times, since former President Donald Trump took office vowing to scale back American involvement in Ukraine’s defense, European leaders have been increasingly concerned that they could not fully step into the void.

Europe still can’t make up for US weapons supplies if they stop Read Post »

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Ukraine News, War

Coalition of democracies calls for 30 day ceasefire

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A coalition of European powers, joined by Ukraine, has issued a unified call for Russia to enact a full and unconditional 30-day ceasefire starting Monday, May 12 — a move aimed at halting hostilities and creating space for meaningful diplomatic engagement. Ukrainian President Volodymyr Zelensky made the announcement at a press conference in Kyiv, flanked by the leaders of France, the United Kingdom, Poland, and Germany.

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Ukraine News, War

Leaders of France, Germany, UK and Poland arrive in Kyiv

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World leaders have gathered in Kyiv today for another high-level meeting of the so-called “Coalition of the Willing” — an informal alliance of nations committed to supporting peace and stability in Ukraine amid the ongoing Russian invasion. This latest summit follows an April meeting between defense officials from France and the United Kingdom, who are among the founding nations of the coalition.

Leaders of France, Germany, UK and Poland arrive in Kyiv Read Post »

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Crisis in Russia, Economy & Business

UK announces sanctions on Russia’s shadow fleet

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On May 9, the United Kingdom announced its most extensive sanctions package to date against Russia, targeting 100 oil tankers that make up the Kremlin’s so-called “shadow fleet,” along with an additional vessel linked to Russian government support. Moscow’s shadow fleet consists largely of aging tankers used to circumvent international sanctions imposed by the UK, European Union, and the United States.

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Ukraine News, War

Europe Advances Nuremburg 2.0 Tribunal for Putin

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On the same day the Russian government staged its annual May 9 military disinformation parade in Moscow, EU foreign ministers gathered in Lviv to finalize plans for a Special Tribunal aimed at prosecuting Russia’s top leadership for war crimes and atrocities in Ukraine. Over 40 countries endorsed the completed legal framework required to launch the tribunal within the Council of Europe.

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Crisis in Russia, Economy & Business

Russia Faces Deepening Fiscal Crisis as War Spending Overwhelms Budget

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Russia is plunging deeper into economic turmoil as ballooning war expenditures, inflation, and mismanaged spending have pushed the Kremlin into a severe fiscal crisis. In the first four months of 2025 alone, the country recorded a staggering 3.2 trillion ruble deficit, raising alarms about the long-term sustainability of Moscow’s wartime budget. Despite official claims that revenues are increasing at a rate of 5%, spending continues to surge far beyond forecasts.

Russia Faces Deepening Fiscal Crisis as War Spending Overwhelms Budget Read Post »

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