The Russian economy has recovered from the downturn of spring 2022. Russia’s gross domestic product (GDP) grew by 4.8% on the year in April-June, the central bank said late on August 1. In ... more
The Ukrainian economy continues to exceed expectations by a significant margin thanks to uninterrupted flows of international financial aid. GDP growth may exceed 5% this year, as the better safety ... more
Russia's economic growth accelerated to 5.4% year-on-year in May, according to Federal State Statistics Service and has more or less recovered from the shocks following the imposition of sanctions. ... more
Ukraine’s counteroffensive is under way but has not delivered any surprise successes or significant breakthroughs of the heavily defended Russian line. This has caused some comment from watchers ... more
Russia’s economy is currently growing about 0.6% a quarter, never mind a country that has been hit by over 13,000 sanctions. As sanctions have isolated Russia from the global financial system it is ... more
Russia’s economy is currently growing about 0.6% a quarter, never mind a country that has been hit by over 13,000 sanctions. As sanctions have isolated Russia from the global financial system it is ... more
The ongoing occupation of approximately 18% of Ukraine's territory continues to have significant economic and social repercussions on Ukraine.mns of people are still affected by the occupation, which ... more
Russia's GDP experienced a contraction of 2% year-on-year in the first quarter of 2023, according to preliminary estimates from Rosstat. The decline in GDP was less severe compared to the same ... more
Russia's economy is performing better than expected, despite the problems caused by extreme sanctions. The Bank of Russia has improved its forecast for inflation and GDP growth, predicting a range ... more
There is little sign of an economic improvement despite the surprisingly robust year Russia put in in 2022 in the face of ten rounds of extreme sanction imposed following Russia’s invasion of ... more
The sanctions onslaught on year on were aimed at destroying the economy. Twelve months ago, Western nations responded to Russia's invasion of eastern Ukraine with an unprecedented ratcheting up ... more
As this month’s report goes to press Berlin has given the go ahead to send modern main battle tanks (MBTs) to Ukraine that could change the course of the war. As of the end of January a total of ... more
The Russian economy went into a tailspin in the weeks immediately following Russia’s invasion of Ukraine and further escalation of Western sanctions caused by the invasion. Last spring, the ... more
In December European Commission President Ursula von der Leyen accidently revealed the cost to Ukraine of the war in a speech. “It is estimated that more than 20,000 civilians and 100,000 ... more
The Russian economy ended 2022 in a far better state than many had anticipated in the spring following the invasion of Ukraine and ensuing Western sanctions. The fall in GDP has only amounted to ... more
Ukraine may suffer one of the worst falls in GDP after a war, the European Bank for Reconstruction and Development (EBRD) predicts in its 2022/23 Transition Report. In an analysis of the economic ... more
On November 13, a bomb attack in Istiklal Avenue, the main pedestrian zone in Istanbul, killed six people and wounded 81. Turkey’s government is yet to come up with a logical explanation for the ... more
Georgia's real GDP grew by 10% in January-October compared to 10.5% in the same period last year, according to data released by the National Statistics Service of Georgia on November 30. In October, ... more
“The world is now at a historic crossroads, with the most dangerous and important decade since World War II looming,” Russian President Vladimir Putin said at the plenary session of the Valdai ... more
Iran’s economy grew at a rate of 3.8% in the first quarter of the current Persian calendar year (March 21–June 21), state broadcaster IRIB has reported, citing data from the Statistical Centre of ... more