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#Economic Sanctions

3 articles

Russian Restaurants Shutting Down at Alarming Rate: A Sign of Deepening Economic Woes

Russian restaurants are closing at their fastest rate since 2021, a key indicator of deepening economic troubles. Amidst rising costs and shifting consumer habits towards more affordable options like fast food and supermarkets, the sector signals broader economic strain. This trend, coupled with GDP contraction and the challenges faced by non-war-related businesses, highlights the tangible impact of sanctions on Russia's economy.

6 days ago

GENERAL

The Unseen Billions: How Russia’s Oil Loophole Continues to Fuel the War in Ukraine Despite Sanctions

Despite extensive international sanctions, Russia continues to fund its war in Ukraine through robust oil sales, identified by an investor as a "gigantic loophole." While initial sanctions were effective, current measures against the 'shadow fleet' are failing. A proposed solution involves targeting the eight major oil refineries in China, India, and Turkey that buy most Russian oil, threatening secondary sanctions to cut off this vital revenue stream.

6 days ago

GENERAL

Putin’s Existential War: A Desperate Bid for Survival Amidst Russia’s Unparalleled Ruin

The war in Ukraine has become an existential struggle for Vladimir Putin, who needs the conflict to maintain power and ensure his own survival, according to Sir William Browder. Despite unprecedented human and economic losses for Russia and a strategic blunder that expanded NATO, Putin views peace talks as a mere stalling tactic to avoid sanctions and continue fighting. A radical proposal to sanction the refineries buying Russian oil could be the 'Achilles' heel' to cripple his war economy and force an end to the conflict.

1 week ago