Shift in Russian economy's structure toward defense sector should be temporary — RSPP head

The current situation along the line of contact, as described by the President of RussiaLet us [...]

The current situation along the line of contact, as described by the President of RussiaLet us start in the north, meaning the North group of forces. You will recall that the goal for the Russian troops in the Sumy and Volchansk sectors is creating a security zone along our borders. This goal was set after the Armed Forces of Ukraine invaded the Kursk Region and due to the attacks on our border regions that persist to this day. The Ukraine regime will pay for its crimes in the Kursk Region by losing the territory that we need to secure our borders. By the way, the city of Sumy, which is a small regional centre with just over 30 thousand buildings in total, is just 10.5 kilometres away from our current positions.

Russia’s oil boom ends

The war in Iran gave Russia’s state finances something it hadn’t seen for years — oil at almost 120 a barrel, an easing of sanctions and a flurry of new customers in Asia.

Azerbaijan prepares first Sukuk sale in push to broaden capital markets

For Azerbaijan, integrating this asset-backed architecture into its financial framework serves a multi-layered strategic purpose, starting with an influx of foreign direct investment that has historically remained out of reach. The global Islamic finance market controls trillions of dollars, concentrated heavily within the cash-rich sovereign wealth and private equity funds of the Gulf Cooperation Council nations.

GULAG 2.0

While the Russian army measures its successes in Ukraine in meters of captured territory, inside the country the FSB is quietly but methodically building a base for a new GULAG.

Serbia possesses great potential for cooperation with BRICS countries — minister

The vector of economic development is increasingly shifting toward the East and the BRICS nations, Nenad Popovic noted