Russia’s oil and gas revenues surged in the first three months of this year by 79%, but Reuters calculated they will double in April compared to the same month a year earlier, the newswire reported on April 24.
A new report released by the Center for European Policy Analysis (CEPA) estimates the total damages from the Ukraine war at between $485bn and $1 trillion and notes that Western aid delivered thus far has been woefully inadequate for reconstruction.
The US secretly sent Ukraine long-range missiles in February ahead of the new $61bn aid package on April 20 that Kyiv used for the first time this week.
Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.
Ukraine drones hit and set on fire the RosNeft oil depot in the Yartsevo, Smolensk region as the sun began to rise on April 24.
Government queries president's comments, while Moscow attacks them as "provocative".
“Building the Power of Siberia 2 gas pipeline from Russia to China is a rational decision that would have made sense even before the war, but the project will never be able to replace Russia’s decimated gas trade with Europe."
With Emerging Europe increasingly polarised between democracies and authoritarian states, it is unclear in which direction the hybrid regimes – which fall between the two camps – will go, says Freedom House.
In the last week, two pieces of legislation have been passed, one in Kyiv and one in Washington, that appear to go some way to addressing the most pressing problems Ukraine faces in its war with Russia. They do not.
The US stepped forward to rescue Ukraine on April 21 that has been staring defeat in the face, and not a moment too soon. But the aid won't solve many of Ukraine's remaining problems nor will it allow Kyiv to win the war.
No one wants to mention the “D” word. It’s becoming increasingly difficult to pretend that Ukraine is not losing and getting closer to being defeated in the war with Russia.
Many of Ukraine’s cows have found themselves on the front line and some have been killed or were simply slaughtered when their owners fled the country to escape the invading Russian forces in 2022.
German gas trader SEFE has expressed concern over recent Russian attacks targeting Ukraine's largest underground storage facility with a capacity of 30bcm.
“As I write, highly civilized human beings are flying overhead, trying to kill me.” – George Orwell, England Your England, 1941
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
At least 14 people were killed and over 60 others injured, including two children, as Russian forces launched a devastating missile attack on the city of Chernihiv on the morning of April 17, according to reports from the Prosecutor General's Office
Fresh evidence indicates that the peace deal was probably too ambitious and, by failing to include the West in the talks, was stillborn.
By tinkering with the tax system, the Russian Ministry of Finance has created enough cash to pay for the war in Ukraine.
Brent crude oil prices remained near a six-month high this week, hovering around $90 per barrel amidst fears of an oil price spike driven by escalating geopolitical tensions in the Middle East.