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Germany's foreign minister Baerbock said sanctions against Russia are not having an "economic impact," per AFP. The EU launched 11 rounds of sanctions against Russia to force Moscow to end the war in Ukraine. But Russia's wartime economy is booming on the back of state spending, confounding economists. AdvertisementAdvertisementThe European Union launched 11 rounds of sanctions against Russia since Moscow invaded Ukraine on February 24, 2022, to pressure the Kremlin into ending the war. AdvertisementAdvertisement"The logic of democracy does not work in autocracies," Baerbock told Lamby in the interview.
Persons: Baerbock, Russia haven't, Stephen Lamby, Lamby Organizations: EU, Service, Russia, Times, AFP, Union, Kremlin, UBS, Global Locations: Russia, Moscow, Ukraine, Wall, Silicon, Europe, autocracies
The company has been in protracted negotiations with Indonesia and details about the size and timeline of a potential deal have not been previously reported. "I have a team right now in Jakarta," Rane told Reuters in an interview, adding that a deal could be in place within the year. "The defence forces of Indonesia are extremely interested." A spokesperson for the Philippine Department of National Defence did not immediately respond to a request for comment. Western-led sanctions against Russia for its invasion of Ukraine have not impacted BrahMos production or planning, said Rane.
As Russia's isolation over its war in Ukraine has grown, it has seen increasing value in North Korea. North Korea was heavily reliant on Soviet aid for decades, and when the Soviet Union collapsed in the 1990s, it helped spark a deadly famine in the North. UKRAINE WAR SUPPORTNorth Korea has reciprocated with public support for Moscow after Russia invaded Ukraine. Both Russia and North Korea have denied claims by the United States that Russia has sought to buy millions of rounds of ammunition and other weapons from North Korea. ECONOMIC TIESRussia and North Korea recently restarted train travel for the first time since railway journeys were cut during the COVID pandemic with an unusually opulent cargo - 30 grey thoroughbred horses.
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