Video Summary Egypt, a country in Northeast Africa with a population of 114 million and growing, is struggling financially. Despite having some natural resources, such as oil and gas, it is a net importer of oil and gas, and the price increases following Russia’s invasion of Ukraine have put pressure on the country’s economy. Egypt’s […]
Video Summary The Russian economy has suffered significantly due to the ongoing war in Ukraine, which was initially expected to last only a few days but has now dragged on for over two years. The war is costing Russia a huge amount of money, and the West has seized all of Russia’s overseas assets, amounting […]
Washington is considering more sanctions on "shadow fleet" tankers and has not ruled out targeting Chinese banks if they are found to be involved in Russia’s war effort, U.S. Treasury Secretary Janet Yellen told Reuters in an interview on Dec. 13. The U.S. is weighing additional measures against entities facilitating sanctions evasion in oil trade […]