Video Summary Russia’s economy is facing severe challenges due to its increasing reliance on China, following the invasion of Ukraine and subsequent Western sanctions. Russia is now entirely dependent on China for a large portion of its exports and imports. In July, China reduced oil imports from Russia by 7.4%, and the trend could continue […]
Video Summary Egypt is a country struggling to manage its economy, with 60% of its population living below the poverty line. The country’s bread, a staple food item, is heavily subsidized to help feed its people. The government’s decision to quadruple the price of subsidized bread from 5 to 20 pastas (approximately 1 US cent) […]
Video Summary Russia’s oil refinery network is under attack from Ukraine, with drone strikes targeting the country’s oil refineries. The latest attack, which hit a refinery over 800 miles from the Ukraine border, is the longest-range successful drone attack to date. Russia’s third-largest oil refinery, located in the Tartar region, was hit, with the strike […]
Video Summary The Russian economy is facing a severe crisis due to the ongoing war in Ukraine and subsequent conscription of hundreds of thousands of men. The latest announcement, the sixth since the start of the war, requires 133,000 men between 18 and 30 to join the army. This is a catastrophic blow to the […]
Video Summary The Russian economy has a unique relationship with China, with China being Russia’s largest trading partner. Currently, Russia exports around 50% of its oil to China at a discount, and more than one-third of its exports go to China. From China’s perspective, Russia is a small trading partner, accounting for less than 5% […]
Video Summary Russia’s overseas assets, estimated to be worth $612 billion, were frozen by countries after the invasion of Ukraine. The G7 nations are discussing how to handle these assets, with the US and UK pushing for complete seizure and transfer to Ukraine, while others are more cautious, considering international law and potential repatriation of […]