German Intelligence Alleges Russia Concealing True War-Related Budget Deficit

By admin March 4, 2026 No comment

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Germany’s foreign intelligence service, Federal Intelligence Service (BND), has accused Moscow of understating the economic toll of its war in Ukraine, estimating that Russia’s 2025 budget deficit is significantly higher than officially reported. In a LinkedIn post, the BND said the actual federal deficit stood at 8.01 trillion roubles, compared with the official figure of

Russia hikes interest rates to 15% as inflation soars

By admin October 28, 2023 No comment

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The Central Bank of Russia has raised its key interest rate to 15% in an effort to tackle inflation and support the struggling rouble, marking the fourth consecutive increase. The unexpected two-percentage-point hike was prompted by the persistently high global inflation rates, partly triggered by Russia’s military intervention in Ukraine, which has led to a […]

Russia formally withdraws from the grain contract with Ukraine

By admin July 17, 2023 No comment

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Russia has informed the United Nations, Turkey, and Ukraine that it will not extend a crucial grain deal that allowed Ukraine to export grain through the Black Sea. Kremlin spokesperson Dmitry Peskov stated that the agreements had effectively ended on Monday. The deal permitted cargo ships to pass through the Black Sea from the Ukrainian […]

SCO summit: Putin says sanctions making Russia stronger

By admin July 4, 2023 No comment

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Russian President Vladimir Putin has reiterated his country’s opposition to Western sanctions following the invasion of Ukraine. Speaking at the virtual Shanghai Cooperation Organisation (SCO) summit, his first international address since the recent mutiny in Russia, Putin expressed defiance towards the West, stating that Russia would counter external sanctions and