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☆ How Russia's war economy and defense spending could actually make it weaker
▼ + stars: | 2024-10-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Russia's President Vladimir Putin visits Uralvagonzavod, the country's main tank factory in the Urals, in Nizhny Tagil on February 15, 2024. Ramil Sitdikov | Afp | Getty ImagesRussia's war-orientated economy and plans for unprecedented military spending risk deepening major imbalances within the government's finances, analysts say. Russia's military-industrial complex, feeding an insatiable war machine, has expanded significantly since the war began, as a result. Signalling its commitment to prosecuting the war in Ukraine, combined spending on both national defense and security will account for around 40% of Russia's total government spending in 2025, the draft budget suggested. Notably, defense spending will exceed twice the amount allocated for social needs such as pensions, Reuters noted.

Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Mikhail Mishustin, Tursa, Liam Peach, Peach, Alexander NEMENOV, ALEXANDER NEMENOV, Alexander Nemenov Organizations: Afp, Getty, Reuters, Sputnik, Capital Economics, Russian Statistics Agency Locations: Urals, Nizhny Tagil, Ukraine, Russia, Russian, Western, Central, Eastern Europe, Moscow, AFP

☆ Genius or madness? Why Putin wants an economist to be Russia's new defense minister at a key point in the war
▼ + stars: | 2024-05-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

But Putin's replacement of Defense Minister Sergei Shoigu was unexpected — and his choice of successor, civilian economist Andrei Belousov, was even more of a surprise. Russia's incoming Defense Minister Andrey Belousov. "Belousov's main goal is to secure [Russia's] military needs in terms of arms. The Kremlin announced on Sunday that Shoigu, Russia's defense minister since 2012, had been relieved of his post and would become secretary of Russia's influential Security Council. Prigozhin died last August in a plane crash after a short-lived and ill-fated rebellion against Russia's military leadership.

Persons: Vladimir Putin, Miguel Diaz, Maxim Shemetov, Sergei Shoigu, Andrei Belousov, Belousov, Putin, Andrey Belousov, Shoigu, Belousov's, Dmitry Peskov, Peskov, Uralvagonzavod, Ramil Sitdikov, Staff Valery Gerasimov, Tatiana Stanovaya, Stanovaya, Nikolai Patrushev, Yevgeny Prigozhin, Ukraine —, Prigozhin, Valery Gerasimov, Mikhail Klimentyev Organizations: Cuban, Canel, Reuters, NATO, Institute for, Anadolu, Getty, Kremlin, Russian MoD, Defense Ministry, Sputnik, Afp, Staff, Carnegie Russia Eurasia Center, CNBC, Nazi, Security, Wagner Group, Russian Armed Forces, Russian Defence, Defence Ministry Board, National Defence Control Centre Locations: Moscow, Russia, Ukraine, Washington, Kharkiv, Russian, Urals, Nizhny Tagil, Nazi Germany, Kremlin

☆ 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

☆ Video shows a Ukrainian drone slam into a Russian thermobaric rocket launcher, triggering a massive explosion
▼ + stars: | 2023-07-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

A new video shows a Ukrainian drone hitting a Russian thermobaric rocket launcher. Zaitseve, Donetsk Oblast, a Ukrainian FPV loitering munition hits the launcher of a Russian TOS-1 MRL. The consequence of an RPG-sized warhead hitting roughly 24 MO.1.01.04 220mm thermobaric rockets isn't surprising. Host photo agency/Ramil Sitdikov via REUTERSIt's not the first time Ukraine has touted the destruction of a TOS-1 rocket launcher. Back in February, Kyiv shared a video of an reported destruction of a Russian thermobaric rocket launcher in the Donetsk region of Ukraine.

Persons: OSINTtechnical, Oliver Alexander, Sitdikov, REUTERS It's Organizations: Service, Center for Naval, REUTERS Locations: Ukrainian, Russian, Wall, Silicon, Zaitseve, Donetsk Oblast, Red, Moscow, Russia, Ukraine, Kyiv, Donetsk, Soviet

☆ Putin put the last major nuclear arms treaty with the US on 'life support,' risking pulling the world back to a 'dangerous' time of uncontrolled arsenals, nuke experts say
▼ + stars: | 2023-02-21 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +8 min

Putin said Russia will suspend its participation in major nuclear arms control pact with US. Without the New START pact and nuclear arms control, the US and Russia could expand their nuclear arsenals. "More nuclear weapons and less arms control makes the world more dangerous," NATO Secretary General Jens Stoltenberg said. What is the New START treaty? "Suspension of the treaty is not equal to leaving the treaty, I assume there will be no Russian build-up above the treaty limits.

☆ How Russia is molding the minds of schoolkids to support its brutal invasion of Ukraine
▼ + stars: | 2023-01-29 | by ( Elise Morton | ) www.businessinsider.com time to read: +7 min

Russia is running a campaign of propaganda lessons to rally support for its invasion of Ukraine. Russian President Vladimir Putin at a rally in Moscow held in March 2022, a few weeks after Russia invaded Ukraine. An image from the lesson materials showing Russian armored personnel carriers marked with the Z symbol from the invasion of Ukraine. But, the union said, "huge internal resistance" from Russia's teachers forced officials to edit out most references to the "special military operation" and achieve its aims less directly. It's the effect on young children, whose whole world is their school and family, that scares me."

☆ Putin accuses Ukraine of 'dirty bomb' plans, says risks of world conflict high
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: 1 min

[1/2] Russian President Vladimir Putin attends a news conference following the Commonwealth of Independent States (CIS) leaders' summit in Astana, Kazakhstan October 14, 2022. Sputnik/Ramil Sitdikov/Pool via REUTERSMOSCOW, Oct 26 (Reuters) - Russian President Vladimir Putin said on Wednesday that Russia was aware of Ukrainian plans to use a "dirty bomb", echoing an unsubstantiated allegation repeatedly made by Moscow in recent days. Speaking at a meeting with the intelligence chiefs of several former Soviet countries, Putin said that the risk of conflict in the world and region was high, and that security should be heightened around key infrastructure sites. Reporting by ReutersOur Standards: The Thomson Reuters Trust Principles.

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