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☆ Russia is expected to grow faster than all advanced economies this year
  + stars: | 2024-04-17 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: +3 min
Bloomberg | Bloomberg | Getty ImagesRussia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. The prediction will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine. In short, Russia has adapted to a "new normal" as its economy has been put on a war footing. The Washington-based IMF includes the U.S., U.K., the euro area's largest economies, Canada and Japan as advanced economies. "If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down.
Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Elvira Nabiullina, Andrey Rudakov Organizations: Evraz Consolidated, Siberian Metallurgical, Bloomberg, Getty, International Monetary Fund, U.S, Sputnik, Afp, IMF, TU, CNBC, World Governments, Bank of Russia, Duma Locations: Evraz Consolidated West, Novokuznetsk, Russia, Germany, France, Ukraine, India, China, Russian, Urals, Nizhny Tagil, Washington, Canada, Japan, Europe, Asia, Kazan, Dubai, Soviet Union, Russia's
☆ Russia has lost more than 2,200 tanks in Ukraine, and it may be reaching the limit of its ability to 'rebuild' older ones
  + stars: | 2023-08-21 | by ( David Hambling | ) www.businessinsider.com   time to read: +10 min
Russia has lost more than 2,200 main battle tanks since invading Ukraine in February last year. Russian storage depots are deep, but they don't have an unlimited supply of armor to throw into a new fight. In fact, Russia is rebuilding tanks rather than building them, and their capacity to do so may be reaching its limit. Russia has vast stockpiles of old tanks, from T-90s barely 20 years old to rusting T-62s from the 1960s. More importantly, Russia's supply of old tanks for rebuilding is showing signs of running down.
Persons: Alexander Zemlianichenko, Stalin, UVZ, Sergio Miller, Abrams, ANATOLII STEPANOV, Shoigu, Putin's, Dmitry Medvedev, OLGA MALTSEVA, Jakub Janovsky, Medvedev, Nobody, Putin, David Hambling Organizations: Service, Russia, Victory Day, AP, Stalin Ural Tank, British Army, Sierra Army, Omsk Transport Machine Factory, —, Getty, Defence, Moscow Times, Chelyabinsk Tractor Plant, Aviation, Forbes, The, New, Popular Mechanics, WIRED Locations: Russia, Ukraine, Wall, Silicon, AP Russia, Nizhny Tagil, Moscow, Stalin Ural, Doyle , California, Omsk, St Petersburg, Siberia, Venezuela, Vietnam, Nicaragua, Russian, Rostov, Izyum, AFP, OmskTransMash, Laos, St . Petersburg, Buryatia, Mongolia, Urals, USSR, Germany, Kremlin, London
☆ Russians trying to help the Kremlin are being scammed into throwing Molotov cocktails at its offices and cars instead: reports
  + stars: | 2023-04-28 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +5 min
They were told by scammers to chuck Molotov cocktails, but most were unsuccessful, per local media. The people involved have tried to set fire to enlistment offices, bank ATMs, a car trunk, and a police department, though most have been unsuccessful, the outlet reported. Olga told authorities an unknown man had been calling her for a month, saying he was a bank employee. He'd taught Olga how to create the Molotov cocktails and instructed her to start a fire in the government building, according to Shot. We're standing on the street where they stopped me," Olga told the man on the phone.
☆ U.S. journalist jailed by Russia meets lawyers for first time, in good health - editor
  + stars: | 2023-04-04 | by ( ) www.reuters.com   time to read: +2 min
Last Thursday a Moscow court remanded Gershkovich in pre-trial detention until May 29 on charges that carry a prison term of up to 20 years. He has appealed the detention through his lawyers, as Washington said it was pushing hard to secure his release. The legal avenue is one of several avenues we are working to advocate for Evan's release," said Tucker. The Wall Street Journal denies the charges. Reporting by Jake Cordell and David Ljunggren; Editing by Leslie Adler and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
☆ Russia is recruiting female convicts to serve in Ukraine amid growing battlefield losses, reports say
  + stars: | 2023-03-14 | by ( Mia Jankowicz | ) www.businessinsider.com   time to read: +3 min
Reports have emerged of Russian efforts to recruit female convicts to fight in Ukraine. Ukrainian officials said a carriage full of female prisoners was seen heading towards Donetsk. The report suggested that Russia was seeking to find new sources of fighters against a backdrop of heavy losses. The region borders occupied Ukraine by way of the Kerch bridge that connects Russia to Crimea. Prigozhin later announced that he was ending this policy, amid reports that inmates were put off by the mounting death toll.
☆ Russia's defense manufacturing sector is using convict labor to meet war-time demands: UK intel
  + stars: | 2023-01-13 | by ( Mia Jankowicz | ) www.businessinsider.com   time to read: +3 min
Russia announced it's using the forced labor of convicts to manufacture weaponry. The UK MOD said that manufacturers are likely under intense pressure to keep the army supplied. Russia, which reintroduced forced prison labor in 2017, has a prison population of around 400,000, as well as a system accused of perpetuating "extreme brutality and corruption," the UK MOD said. It is likely under "intense pressure" to produce more, the UK MOD said. The UK MOD report follows several signals that Russia, like Ukraine, is grappling with difficulties in keeping its front line supplied with a wide range of munitions.
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