Russia's looming budget crisis: oil price collapse forces Putin to weigh military and social cuts
The "moment of truth" has arrived as Russia braces for a potential budget crisis due to plummeting oil prices and mounting losses in the oil and gas sector, potentially forcing drastic cuts in military or social spending by 2026.
Already walking a tightrope, the Russian economy may soon face its most stern test yet. According to a forecast by Morgan Stanley, oil prices are expected to drop by 12% in the latter half of 2025 and by another 15% in the first half of 2026. This translates to the …
Russia's ‘retaliatory’ attack on Ukraine falls short: only 7 bombers involved
On June 6, Russia deployed missiles and drones in what the Russian Defense Ministry described as "retribution" for the Ukrainian Security Service's special operation targeting Russia's strategic aviation fleet codenamed "Spider's Web."
Russia managed to launch just seven strategic bombers, which were loaded to nearly full capacity, according to the Ukrainian media outlet Defence Express.
The report highlights significant issues within Russia's strategic aviation, with experts pointing to the …
Russian troops face encirclement as Ukrainian Forces advance in Tetkino, Kursk region
Ukrainian forces are reportedly making significant advances with the Russian forces facing the risk of operational near the village of Tetkino, in the Kursk region, reports the Russian war channel "Northern Channel," which is associated with the Russian army.
According to the channel, Ukrainian Armed Forces have already breached into the center of Tetkino. The situation on the Tetkino front is dire, as the Ukrainians attack almost without interruptions. Ukraine's forces have moved toward the …
European Court of Justice advisers endorse continued sanctions on Russian oligarchs
The European Court of Justice (ECJ) in Luxembourg could issue a ruling against lifting the freeze on assets belonging to five Russian oligarchs and maintain a visa ban, marking a critical standpoint that reverberates beyond just these cases. This comes after ECJ advisers, whose opinions carry considerable weight with the court, recommended the continuation of the sanctions, according to a report by The Moscow Times.
The advisers also opined that there is no need to establish direct connections …
Fourth Polish-based volunteer group enlists in Ukrainian military
A new wave of volunteers has stepped forward to join the Ukrainian Legion. On Friday, June 6, several dozen Ukrainian citizens residing abroad signed contracts with the Ukrainian Armed Forces in Lublin, Poland. This group is noted to have more candidates eager to join than the previous ones.
This event marks the fourth group of volunteers entering into agreements with the Ukrainian military. Among them are Ukrainians living in Poland, Germany, the United Kingdom, Bulgaria, Slovenia, Slovakia, …