Video Summary Over the past seven days, the Russian ruble has experienced a rapid decline. The introduction of new sanctions in June has led to a shortage of cash in Russia, making it difficult for the country to pay its debts to India and China. As a result, financial institutions are now holding back payments, […]
Video Summary Russia’s economy has been significantly impacted by the war in Ukraine. With the West freezing $300 billion of Russia’s assets, held in overseas financial institutions, Russia has been forced to dip into its remaining reserves to fund the war. In this article, we’ll examine the situation with Russia’s reserves, including its total assets, […]
Video Summary In the last two years, Russia has increased its reliance on international airlines, including Turkish Airlines, to transport people and goods. Until six months ago, Turkey maintained a neutral stance, ignoring the sanctions imposed on Russia and continuing to do business with the country. However, due to the rising heat and enforcement of […]
Video Summary Russia is increasing its oil production cuts by 471,000 barrels per day, which is an additional reduction of 17.72 million barrels per year. This decision was made in response to OPEC+’s agreement to cut 2.2 million barrels per day, with Russia being the biggest country involved in the cut, committing to reduce production […]