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The Latest Breaking News from Chris Weafer

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy

The Independent UK

Can BRICS dethrone the US dollar? It’ll be an uphill climb, experts say

The world’s reserve currency is facing a challenge from Global South countries who want options beyond the greenback.

Al Jazeera

Can BRICS end ‘apartheid’ against the Global South?

As the grouping of five emerging economies meets in South Africa, here’s what to expect.

Al Jazeera

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The collapse of the Russian rouble

The Russian rouble has fallen to its lowest value in 16 months, heralding a potential crisis for Vladimir Putin and raising questions about his country’s ability to continue to wage war.

The Week

Russia’s ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

Russia's ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

After six months of war, what's next for Ukraine?

Paris (AFP) - Six months after Russian forces launched what they hoped would be a blitzkrieg invasion of Ukraine, the conflict has turned into a grinding campaign of daily air strikes and battles with no clear endgame in sight.

AFP

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Are sanctions actually hurting Russia's economy? Here's what you need to know

Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment from experts.

WEKU

EXPLAINER: How a G-7 ban on Russian gold would work

Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union’s second-largest export industry after energy — gold

The Independent UK

Russia braces for economic upheaval as sanctions start to bite

Moscow (AFP) - At his garage in the south of Moscow, 35-year-old mechanic Ivan is starting to worry.

AFP

EXPLAINER: Effects of EU Russia oil ban, Moscow's response

The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Russia for its invasion of Ukraine

The Independent UK

After 3 months of war, life in Russia has profoundly changed

When Vladimir Putin announced Russia's invasion of Ukraine, the war seemed far away from Russian territory

The Independent UK

As companies leave Russia, their assets could be seized

Hundreds of foreign brands have suspended operations in Russia since the invasion of Ukraine began

People

Luiz Inacio Lula da Silva

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International Energy Agency

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