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Ukraine in talks with its western lenders to restructure its debt as it finds itself on the brink of default.
Russian President Vladimir Putin delivers a speech before presenting the Russian Hero of Labour gold medals in June 2023.
(Gavriil Grigorov, Sputnik, Kremlin Pool Photo via AP)
Russia has tied its currency to gold to evade sanctions. Shifting the ruble away from a pegged value and into the gold standard itself is aimed at making it a credible gold substitute at a fixed rate.
US treasury secretary Janet Yellen.
Alexandros Michailidis/Shutterstock
Geopolitical shifts that are dividing the world could create problems for the US dollar, traditionally the dominant currency globally for trade and investment.
Russian President Vladimir Putin attends a ceremony to present medals at the St. George Hall of the Grand Kremlin Palace, in Moscow, Russia, Dec. 8, 2023.
(Sergei Guneyev, Sputnik, Kremlin Pool Photo via AP)
Polls suggest many Russians remain supportive of Putin and the war in Ukraine. Economic realities and western double standards likely play a big role.
Russian Central Bank Chief Elvira Nabiullina attends a meeting on economic issues in Moscow in February 2023. Central bank reserves are among the Russian state assets that could be seized under Canadian law.
(Dmitry Astakhov, Sputnik, Kremlin Pool Photo via AP)
Who will pay to rebuild Ukraine? Canada is the first to pass a law allowing Russian state assets to be seized to rebuild Ukraine, but will it discourage Russia from ending the war?
Public pressure for greater sanctions on Russia also affects western companies that have not yet left the country.
Sandor Szmutko/Shutterstock
Research aims to provide a better idea about why some multinationals are ‘trapped’ in Russia following its invasion of Ukraine.
Total war: Russian president Vladimir Putin inspects operations at the tours the Ulan-Ude Aviation Plant in March 2023.
Mikhail Metzel/Kremlin Pool/Alamy Live News
The options facing the Kremlin’s economic and military planners.
Putin has survived with a little help from his friends.
Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP
The US and dozens of other nations have punished Russia with round after round of sanctions – yet the Russian economy is expected to grow in 2023.
A Ukrainian serviceman of the artillery unit of the 80th Air Assault Brigade walks near Bakhmut on February 7, 2023, amid the Russian invasion of Ukraine.
Yasuyoshi Chiba/AFP
Political scientists weigh in the factors that could see a Ukrainian or Russian win. The war could also become protracted.
An Indonesian military honour guard marks the 60th anniversary of the Asian-African Conference in Bandung in 2015.
Achmad Ibrahim /AFP via Getty Images
If a new non-alignment is to be achieved in Africa, the foreign military bases of the US, France, and China - and the Russian military presence - must be dismantled.
Kevin McCarthy., left, Chuck Schumer, right, and President Joe Biden meet at the White House on May 9, 2023.
AP Photo/Evan Vucci
As President Biden begins meeting with congressional leaders to resolve the debt ceiling showdown, an economist warns the consequences of a default could be dire.
Most wonderful time of the year, even while there’s a war on.
Igor Evdokimov/Kommersant/Sipa USA
Alex Titov took a trip home to St Petersburg in December. Here’s what he found.
EPA-EFE/Sergey Kozlov
Some of the key articles from our coverage of the war in Ukraine over the past week.
Staff members work at a newly opened fast-food restaurant in a former McDonald’s outlet in June 2022 in Moscow. It offers most of the same items as McDonald’s and is an example of how Russia is defying western sanctions.
(AP Photo/Dmitry Serebryakov)
As Russians come to terms with the seriousness of the war in Ukraine, the Russian economy is weathering the storm of western sanctions.
Gas prices are displayed at a gas station in Frankfurt, Germany. OPEC countries have decided to cut oil production by 2 million barrels per day in response to rising global interest rates.
(AP Photo/Michael Probst)
The impact of oil sanctions on Russia is limited compared to the severe repercussions they have on the global economy and other countries’ abilities to achieve energy security and transition.
Dmitri Lovetsky/AP/AAP
The exact impact of sanctions is always difficult to assess in the short-term. But there are signs it is an effective strategy against Russia – and the only real option.
Preparing for the push: a Ukrainian soldier hands an automatic rifle to a comrade.
SOPA Images Limited / Alamy Stock Photo
Ukraine says it will push Russian troops out of the country. This offensive could be critical to that aim.
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Four months since the start of invasion, the European Union has already adopted six sanction packages. Room for manoeuvre is shrinking.
Pavel Nemecek / AP
Russia’s absurd claims about ‘smart’ landmines show it’s high time the world put limits on autonomous weapons.
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Electricity is an essential service. Acting quickly is crucial to avoid households falling into hardship, and businesses closing their doors.