
Nato agrees 'fundamental shift' to counter Russia
Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.
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bneGREEN: Arctic in meltdown
The Arctic is now heating up seven times faster than the rest of the world, with the region’s ice in danger of melting completely by 2050.
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MOSCOW BLOG: Sanctions hit a brick wall
The world is being divided into two: the West vs Russia and the nonaligned countries. The race to shore up these new relations is on. But the West has run out of one-way sanctions that hurt Russia but do little damage to the West.
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EXPLAINER: how a price cap on Russian oil might work
Europe is scrambling to find alternatives to Russian crude oil, natural gas and coal. But the fact remains that despite recent cuts in the amount that the EU buys from Russia, Moscow’s revenues from hydrocarbon exports still surged 40% this year.
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Russia catches a nasty dose of the Dutch Disease
Russia has caught a bad case of the Dutch Disease, an economic ailment that sends the value of a currency soaring well beyond what it should be and smothers the rest of the economy.
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Turkey drops opposition to Sweden, Finland joining Nato
Big boost for Western defence bloc as Madrid summit gets underway, with member states seeking to demonstrate unmistakable unity to Kremlin while the Ukraine-Russia war continues to rage.
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EWDN: How Russian game developers are hit by the shockwave of war
Russia’s war on Ukraine and the subsequent Western sanctions seem to have put the once-thriving Russian and Belarusian gaming industries in serious trouble, East West Digital News reports.
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Russia denies defaulting on $100mn bond coupon payment
Russia denied that it had defaulted on a $100mn bond payment, saying that the money had been sent to bond holders, in dollars, in May but it was not the Kremlin’s fault if the cash was not distributed to bondholders.
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HESS: West wins the default battle but the economic war must go on
The Russian Federation has defaulted on its debts, failing to pay interest on a pair of Eurobonds within their 30-day grace period that ended on 26 June – another blow struck against Russia in an escalating economic war.
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