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☆ Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +13 min

Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.

Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, —, Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India

☆ Ukraine highlights Russia's 'line of hell.' Claim of dozens of tanks and military vehicles destroyed on one sector of the Donetsk front.
▼ + stars: | 2024-05-04 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Ukraine's armed forces released a video claiming to show 42 destroyed Russian military vehicles. Fighting has intensified in the Donetsk region in recent months as Russia pushes further past Avdiivka. AdvertisementUkraine's armed forces claim to have destroyed 42 Russian tanks and military vehicles in the eastern region of Donetsk. Dozens of Russian tanks and combat vehicles were destroyed on a small section of the front in the Donetsk region." Dozens of russian tanks and combat vehicles were destroyed on a small section of the front in the Donetsk region.

Persons: —, ince, cale Organizations: Ukrainian Defense Ministry, Service, Ukraine's 58th Motorized Brigade, ust Locations: Donetsk, Russia

☆ A NATO country said it could join Ukraine's war with Russia if 2 conditions are met
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

His remarks about French soldiers defending Ukraine are among the most hawkish by a Western leader. AdvertisementFrance's President Emmanuel Macron reaffirmed that he would consider sending French troops to Ukraine, and spelled out the conditions in which this could place. He added that if Russia defeats Ukraine it would then likely seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine were among the most hawkish by a Western leader. The Kremlin's spokesman, Dmitry Peskov, in response to Macron's earlier remarks, said that deploying NATO troops to Ukraine would lead to war between Russia and the alliance.

Persons: Emmanuel Macron, —, Macron, Vladimir Putin, I'm, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, RFE, RL, Business Locations: Ukraine, France, Russian, Europe, Russia

☆ It's likely only a matter of time until Russia captures a key town in Ukraine, intel chief says
▼ + stars: | 2024-05-03 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukraine is likely to lose the key eastern town of Chasiv Yar to Russia, a top intelligence official said. AdvertisementUkraine likely faces the approaching loss of a key eastern town to Russia, one of the country's top intelligence officials said. Much of the town in question, Chasiv Yar, is little more than rubble after more than a year of bombardment. BAKHMUT, UKRAINE - SEPTEMBER 27: An aerial view of the city of Bakhmut totally destroyed from heavy battles on September 27, 2023 in Bakhmut, Ukraine. AdvertisementWhile Chasiv Yar holds, Russia has carved a salient about 25 miles to the southwest in the village of Ocheretyne.

Persons: Chasiv Yar, Chasiv, —, Vadym Skibitsky, Bakhmut, Serhiy Hrabsky, Vladimir Putin's, Skibitsky, Avdiivka, Putin Organizations: Service, Ukraine Patrol Police, AP, Russia, New York Times, Russian, Ukrainian, Libkos, Pentagon, Economist Locations: Ukraine, Chasiv, Russia, Donetsk, Chasiv Yar, Bakhmut, Luhansk, BAKHMUT, UKRAINE, Ocheretyne, Russian, Beijing

☆ A NATO country says it could join Ukraine's war with Russia if 2 conditions are met
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementFrench President Emmanuel Macron reaffirmed that he'd consider sending French troops to Ukraine and spelled out the conditions in which this could place. He added that if Russia defeated Ukraine, it would then probably seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine are among the most hawkish by a Western leader. In response to Macron's earlier remarks, the Kremlin's spokesperson, Dmitry Peskov, said deploying NATO troops to Ukraine would lead to war between Russia and the alliance. Analysts recently discussed with Business Insider the likelihood of Russia attacking NATO, with the Russian-military expert Ruth Deyermond saying Putin's regime was too weak militarily to risk a direct confrontation with NATO.

Persons: Emmanuel Macron, —, Macron, Vladimir Putin, I'm, they've, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, Russia, Radio Free, Radio Liberty, Analysts, Business Locations: Ukraine, France, Russian, Europe, Russia, Radio Free Europe

☆ Iran's economy is a total mess after decades of sanctions — and offers a warning to Putin's Russia
▼ + stars: | 2024-05-01 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Decades of sanctions have driven up inflation, government debt, and poverty rates. Iran's struggles could be a warning for Russia as the war in Ukraine drags on. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . One factor that might avert a regional war is the dismal state of Iran's economy. The country has borne the brunt of Western sanctions for decades, making it tough for Tehran to finance any war effort — and that could be a warning sign for Vladimir Putin as the war in Ukraine drags on.

Persons: —, Vladimir Putin Organizations: Service, Business Locations: Russia, Ukraine, Iran, Israel, Tehran

☆ Russia may not start an all-out war with NATO, but already has plans to destroy it from within
▼ + stars: | 2024-05-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +9 min

Late last year, Poland's national security agency estimated that Russia could attack NATO within three years. AdvertisementBut whether Putin really does intend to attack NATO and what an attack might look like remains unclear. In March, Putin denied having any plans to attack NATO members, describing such claims as "complete nonsense." "So, his ambition in growing is not going to be that he will attack NATO and NATO countries next year. A covert war is already underwayRussia, some point out, is already engaged in a war with NATO, albeit covertly.

Persons: —, Donald Tusk, Tusk, Putin, Emmanuel Macron, NATO Putin, Philip Ingram, Ingram, Ruth Deyermond, Bryden Spurling, Robert Dover, Spurling, that's, SERGEY BOBOK, Russia's Organizations: Service, Poland's, Business, Bild, NATO, Germany isn't, Ukraine, King's College London, RAND Corporation, University of Hull, European NATO, RAND, Ukrainian Territorial Defence Forces Locations: Europe, Russia, Ukraine, Eastern Europe, Baltic, Estonia, Lithuania, Latvia, Germany, Washington, Russian, NATO, European, Kharkiv, Soviet Union

☆ Russia says deeper U.S. hybrid war using Ukraine will end in Vietnam-style humiliation
▼ + stars: | 2024-04-21 | by ( ) www.cnbc.com time to read: +2 min

Russia said on Sunday that U.S. lawmakers' approval of $60.84 billion more in support for Ukraine showed that Washington was wading deeper into a hybrid war with Russia that would end in a humiliation on a par with Vietnam or Afghanistan. Russian Foreign Ministry Spokeswoman Maria Zakharova said that it was clear that the United States wanted Ukraine "to fight to the last Ukrainian" including with attacks on Russian sovereign territory and civilians. "Washington's deeper and deeper immersion in the hybrid war against Russia will turn into such a loud and humiliating fiasco for United States as Vietnam and Afghanistan," Zakharova said. She said that ordinary Ukrainians were being "forcibly driven to slaughter as 'cannon fodder'" but that the United States was now no longer betting on a Ukrainian victory against Russia. The leaders of the West and Ukraine have cast the war in Ukraine as an imperial-style land-grab which shows that post-Soviet Russia is one of the top two biggest nation-state threats to global stability, alongside China.

Persons: Vladimir Putin, Vladimir Putin's, Maria Zakharova, Zakharova, Putin Organizations: Sputnik, country's Labour, Social Protection, Ukraine, Cuban Missile, U.S . House, Russian Foreign Ministry, Russia, West Locations: Russian, Moscow, Russia, Washington, Vietnam, Afghanistan, Ukraine, U.S, Israel, Taiwan, United States, Ukrainian, Soviet Russia, China

☆ Russia's military is allergic to the deep reforms it needs
▼ + stars: | 2024-04-21 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Can the Russian military can be reformed to better achieve Putin's revanchist aims? Yes, but the drastic changes will not be easy, an expert on Russia's military says. AdvertisementWhatever the outcome of the Ukraine war, one thing seems certain: the Russian military needs drastic changes. Indeed, Russia's tendency to seek top-down structural reforms matched with enduring characteristics of the Russian military suggest that a transformation of the Russian military will be difficult." Given that observers so misjudged Russian military capabilities prior to the Ukraine war, how can the West accurately determine whether reforms are occurring?

Persons: —, Vladimir Putin, Katherine Kjellström Elgin, Putin, Elgin, Michael Peck Organizations: Service, Center for Strategic, National Guard Service, Nazi, NATO, Elgin, Business, Russo, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russian, Ukraine, Washington ,, Elgin, Moscow, Russia, Crimean, Soviet, Nazi German, Turkish, Forbes

☆ Marjorie Taylor Green mocked by fellow lawmaker calling on her to be appointed as 'Putin's Special Envoy'
▼ + stars: | 2024-04-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Jared Moskowitz mocked MTG, calling to make her "Putin's Special Envoy" to Congress. The move came in response to Greene's amendments that proposed Ukraine aid supporters enlist in the fight against Russia. AdvertisementJared Moskowitz, a Democrat representing Florida's 23rd congressional district, has openly mocked Marjorie Taylor Greene by saying he submitted an amendment appointing her as "Putin's Special Envoy to the United States Congress." Just submitted an amendment to Bill drafting appointing MTG as Putin’s Special Envoy to the United States Congress. https://t.co/Gn8Dd3lZwj — Jared Moskowitz (@JaredEMoskowitz) April 18, 2024Moskowitz submitted the proposal in response to Greene's amendments to the Ukraine aid bill.

Persons: Jared Moskowitz, MTG, Greene, —, Marjorie Taylor Greene, Moskowitz, kTtrCUcglS —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Russia, Service, United States Congress Locations: Ukraine, Florida's

☆ Russian Foreign Minister Sergey Lavrov signals Putin's plan to seize Kharkiv and create a 'sanitary zone'
▼ + stars: | 2024-04-20 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewForeign Minister Sergey Lavrov has strongly suggested that Russia intends to seize the city of Kharkiv in northeastern Ukraine, making him the first senior Kremlin official to identify the city as a potential target outright. Moscow has already made it clear that it believes the only way to defend Russian territory is through such a buffer zone, which would put its settlements out of reach of Ukrainian fire. AdvertisementPutin has wanted to take Kharkiv since the start of Russia's full-scale invasion in February 2022. The city has symbolic as well as strategic value for the Russian president, as it has a majority Russian-speaking population and was the first capital of the Ukrainian Soviet Socialist Republic.

Persons: —, Sergey Lavrov, Lavrov, Ukraine's, Vladimir Putin's, Dmitry Peskov, Oleksandr Syrskyi, Putin, Volodymyr Zelenskyy Organizations: Service, Kremlin, for, Business, Bloomberg, Kharkiv, Ukrainian Soviet, Komsomolskaya Pravda Locations: Russia, Kharkiv, Ukraine, Moscow, Ukrainian, Russian, Ukrainian Soviet Socialist Republic, Moskva

☆ Ukraine was in trouble already — now it openly admits it's on track to lose
▼ + stars: | 2024-04-17 | by ( Tom Porter | Mia Jankowicz | ) www.businessinsider.com time to read: +11 min

On the front line in east and south Ukraine, reports say the situation is increasingly desperate, with Russia outfiring Ukraine at a rate of three to one. Senior Ukrainian military officials, talking to Politico, said that Russia could break through wherever it focuses its anticipated summer offensive. AdvertisementThe role of the WestUkraine is on a "starvation diet" for aid, George Barros, an expert at the Institute for the Study of War, told BI. Anadolu/Getty ImagesAnalysts also say that weaknesses in Russia's military are limiting the Kremlin's ability to take advantage of the situation. "For Ukraine to suffer total defeat, we'd need to see a major collapse in Ukrainian lines and morale," he said.

Persons: —, Volodymyr Zelenskyy, Zelenskyy, Dmytro Kuleba, Bryden Spurling, George Barros, BI's Sinéad Baker, Barros, ATACMS, Klaus, Dietmar Gabbert, we've, Justin Bronk, Ukraine —, Politico —, Mykola Bielieskov, Spurling, George Beebe, Beebe, Ukraine it's, ferociously Organizations: Service, Republicans, Business, Patriots, Politico, Russia outfiring, Ukrainian, RAND Corporation, AP, US State Department, Institute for, Leopard, Getty, London's Royal United Services Institute, Ukraine, National Institute for Strategic Studies, Fleet, Anadolu Locations: Russian, Ukraine, Russia, Russia outfiring Ukraine, Iran, North Korea, West Ukraine, Avdiivka, Zaporizhzhia, Ukrainian, NATO, Kyiv, Avdiivkva, Dnipro

☆ Xi Jinping is hyping China as Ukraine's peacemaker — while actually helping Russia's invasion
▼ + stars: | 2024-04-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewChina's leader, Xi Jinping, played the role of Ukraine's peacemaker during talks on Tuesday with German Chancellor Olaf Scholz. At the meeting in Beijing, Xi presented his German counterpart with four principles for peace in Ukraine, according to Chinese state media. AdvertisementThe principles are vague and similar to a Ukraine peace plan proposed by China last year. But despite these public statements, analysts say that Xi's claims to be a peacemaker are a charade and that in reality, China is increasing support for Russia's military. AdvertisementThis is in addition to the diplomatic and economic support China has already given the Kremlin.

Persons: —, Xi Jinping, Olaf Scholz, Xi, Scholz, Vladimir Putin, he's, Joe Biden Organizations: Service, Business, London's Royal United Services Institute, The, Associated Press Locations: Beijing, Ukraine, China, Russia, US, Germany, San Francisco

☆ US-Russia collaboration has long endured in space. The Ukraine war could ruin it.
▼ + stars: | 2024-04-16 | by ( Tom Porter | Mikhaila Friel | ) www.businessinsider.com time to read: +10 min

The International Space Station has long been a symbol of international cooperation. AdvertisementSince the end of the Cold War, the International Space Station (ISS) has been a symbol of international cooperation. By 1988, 15 nations had agreed to participate in the project, then known as Space Station Freedom. Keystone/Hulton Archive/Getty ImagesThe Soviets had long-standing expertise in aerospace technology, having launched the world's first space station, "Salyut," in 1971. China has completed several unmanned Moon landings, has its own space station, and has developed a sophisticated commercial and military satellite program.

Persons: —, Peggy Whitson, Vladimir Putin, Jill Stuart, Ronald Reagan, Bill Clinton, Terry Virts, Anton Shkaplerov, Marco Tacca, Oleg Artemyev, Denis Matveev, Sergey Korsakov, Virts, Michael Barratt, Matthew Dominick, Alexander Grebenkin, Jeanette Epps, Stuart, Verts, Musk Organizations: Astronauts, Service, Space, Veteran, ISS, Imperial College London, Politics, NASA, European Space Agency, ESA, Inter, Soyuz, Keystone, Hulton, Roscosmos, Reuters, Anadolu, Getty, Imperial College, Baikonur Cosmodrome, Elon Musk's SpaceX, The Independent, CNBC Locations: Russia, Ukraine, Europe, China, Japan, loggerheads, Hollywood, Canada, Soviet Union, Milan, Italy, Luhansk, Luhansk People's Republic, Russian, Baikonur, Kazakhstan, The, Soviet Russia

☆ Iran's attack on Israel could be bad for Russia's war in Ukraine
▼ + stars: | 2024-04-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewIran's attack on Israel on Saturday is bad not only for the Middle East, but also for Russia's war in Ukraine as new fault lines emerge between Moscow and Tehran. AdvertisementRussia has been installing itself as a military and diplomatic player in the Middle East for years. This is in part due to Moscow's preoccupation with its war in Ukraine, Grisé wrote. "Russia would be especially sensitive to Chinese attempts to encroach on its influence in the Middle East," Grisé wrote in her commentary. AdvertisementThis is especially so since Beijing managed to deliver results in March 2023, brokering a détente between Saudi Arabia and Iran, Grisé added.

Persons: —, Michelle Grisé, Grisé, Russia's, Israel —, Ursula von der Leyen, Vladimir Putin Organizations: Service, RAND, Business, Iran, European Commission Locations: Israel, Ukraine, Moscow, Tehran, American, Russia, Iran, Damascus, Syria, Libya, Iranian, Beijing, Saudi Arabia, China

☆ Judges just unsanctioned 2 Russian oligarchs worth almost $20 billion
▼ + stars: | 2024-04-10 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

A top EU court struck down sanctions against two billionaire Russian oligarchs on Wednesday. Judges found there was insufficient evidence that they had backed Vladimir Putin's war in Ukraine. The oligarchs, Mikhail Fridman and Petr Aven, are worth almost $20 billion combined, per Bloomberg. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJudges in Brussels struck down sanctions against two Russian billionaires on Wednesday, potentially handing Moscow a big win as the war in Ukraine rages on.

Persons: Vladimir Putin's, Mikhail Fridman, Petr Aven, —, they'd Organizations: EU, Bloomberg, Service, Moscow, European Union, Business Locations: Ukraine, Brussels, European

☆ There's a thriving Russian black market for Elon Musk's Starlink terminals, with the tech being sent far beyond Ukraine
▼ + stars: | 2024-04-09 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Starlink terminals are being widely used by Russian forces in Ukraine, The Wall Street Journal reported. AdvertisementThe Journal also reported that a similar black market is also thriving in Sudan, even though the terminals' use is not authorized there. AdvertisementIn early February, Musk pushed back on claims from Ukrainian military intelligence that the terminals were being systematically used by Russian forces in Ukraine. House Democrats have also pressured Musk to take action, saying Russian military use of the tech is "potentially in violation of US sanctions and export controls." Musk has long sought to limit Starlink's military use, stipulating in the technology's terms of service that it is intended for civilians only.

Persons: Elon Musk's, —, Vladimir Putin's, Musk, Mikhailo Fedorov, Starlink, Musk's Organizations: Street Journal, Service, Elon, Elon Musk's SpaceX, Rapid Support Forces, SpaceX, eBay, Democrats Locations: Ukraine, Russia, Sudan, Crimea, Russia's, Dubai, Chad, South Sudan, Russian, Starlink

☆ A Black Market for Starlink Is Helping Russia Attack Ukraine
▼ + stars: | 2024-04-09 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

Ukraine says Putin's troops are using Elon Musk's Starlink to coordinate attacks, and a new Wall Street Journal report points to a black market. Despite Musk's denial, House Democrats are pressuring him to stop any unauthorized military use of the terminals. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Elon Musk's Organizations: Elon, Business Locations: Ukraine

☆ Hungary’s Orban, a long-time Trump ally, rocked by major scandals ahead of European elections
▼ + stars: | 2024-04-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Hungary's Prime Minister Viktor Orban arrives to attend a European Council summit at the EU headquarters in Brussels on March 21, 2024. Sameer Al-doumy | Afp | Getty ImagesHungarian Prime Minister Viktor Orban has run into political trouble ahead of European parliamentary elections in June, with his ruling party shaken by two political scandals within six weeks. Orban is a long-time ally of former U.S. President Donald Trump and widely seen as Russian President Vladimir Putin's closest supporter in the European Union. The right-wing leader has led the central European country since 2010, making him the EU's longest-serving head of state. Yet two major scandals have recently rocked his dominance of Budapest's political landscape at a sensitive time when Hungary is poised to hold both local and European elections in early June.

Persons: Viktor Orban, Sameer Al, Orban, Donald Trump, Vladimir Putin's, Peter Magyar, Janos Kummer, Zsuzsanna Vegh, Vegh, Magyar, Judit Varga —, Katalin Novak, Novak, Varga, William Shakespeare Organizations: Hungary's, EU, Afp, Getty, Hungarian, European Union, Eurasia Group, Fidesz, German Marshall Fund of, CNBC, Facebook, YouTube, Reuters, Lawyer Locations: Brussels, doumy, Hungary, Budapest, United States, Hungarian

☆ Meet the woman who engineered Russia's wartime economy and helped secure another term for Putin
▼ + stars: | 2024-04-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +12 min

Russian central bank governor Elvira Nabiullina has played a key role in stabilizing Russia's sanctions-hit economy. It's also aimed at the woman behind him: Elvira Nabiullina, the country's central bank governor, who plays a chief role in keeping Russia's wartime economy ticking. At the time, she was the first woman to lead a Group of Eight, or G8, central bank. In 2015, Euromoney, a finance trade publication, named Nabiullina Central Bank Governor of the Year. In December, she issued a warning that Russia's economy was at risk of overheating.

Persons: Elvira Nabiullina, —, Putin, It's, Nabiullina, Daniel McDowell, McDowell, wined, Christine Lagarde, Nabiullina —, Richard Portes, Portes —, Portes, Anders Åslund, Åslund, Leo Tolstoy, Fyodor Dostoevsky, Franz Kafka, Yaroslav Kuzminov, Kuzminov, Nabiullina's, Alan Harvey, Herman Gref —, Central Bank Governor Elvira Nabiullina, Maxim Shemetov, Michel Camdessus, she's, isn't, Sergei Aleksashenko, Alexei Makarkin, Vladimir Pesnya, Nabiulina, let's Organizations: Ukraine, Service, Russian, KGB, Syracuse University, Kremlin, International Monetary Fund, US, London Business School, Moscow Times, Bloomberg, Higher School of Economics, —, Moscow State University, SNS, USSR, Industrial Union Board, Gref, Central Bank Governor, Nabiullina Central Bank Governor, Banker, Central Banker, IMF, Monetary Fund, Financial Times, Government, Political Technologies, Wall Street Journal, RBC, Politico Europe Locations: Russian, Ukraine, Russia, Brussels, Nabiullina, Swedish, Moscow, Ufa, Central Russia, Tatars, Crimea, Euromoney, Europe, steadying

☆ Pro-Navalny hackers accessed a database on Russian convicts, and lowered the price of prison shop food while they were there: report
▼ + stars: | 2024-04-01 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Anti-Putin hackers say they accessed a Russian prison network and stole data, CNN reported. The hackers told the outlet they sought information that could help them find out what happened to Navalny. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Navalny, Putin's only serious political rival, was serving a 19-year sentence at an Arctic penal colony when he died in harsh conditions at the prison on February 16. Hackers have been active on both sides of Putin's war with Ukraine, including multiple attacks by Russian hackers.

Persons: Alexey Navalny, —, Putin, Vladimir Putin's, Navalny, Joe Biden, Yulia Navalnaya Organizations: Putin, CNN, Service, Business Locations: Russia, Russian, Ukraine, Kyiv, Ukrainian

☆ Russia could turn on Putin as the nation's economic strength wanes and sanctions keep tightening, economists say
▼ + stars: | 2024-03-31 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Russia's economic strength is likely to wane this year, economists say. Putin's economic fantasyThe tailspin Sonnenfeld, Tian, and Guriev are predicting seems contradictory to what Russia is presenting on the surface. Russian inflation is also high, clocking in at 7.58%, according to data from Russia's economic ministry. Guriev doesn't believe Russia's economy will completely unravel, as central bankers will work hard to limit the damage. Advertisement"It's unlikely the Russian economy will spiral into a macroeconomic meltdown, and that the Russian political system will," he said.

Persons: Putin, Joe Biden, —, Vladimir Putin, Jeffrey Sonnenfeld, Steven Tian, Tian, Trump's, Sergei Guriev, Sonnenfeld, he's, Guriev, Putin's Organizations: Service, Yale, London Business School, Russia Locations: Russia, Ukraine, Russian, Moscow, Soviet

☆ Why Russian separatists called an exorcist when they discovered a Ukrainian POW was an evangelical Christian
▼ + stars: | 2024-03-29 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Viktor Cherniiavskyi said he was targeted because he was an evangelical Christian. AdvertisementA Ukrainian soldier said he was tortured by Russian separatists and forced to undergo an exorcism , partly because of his evangelical Christian faith. While serving as a volunteer in the city of Luhansk in eastern Ukraine, Cherniiavskyi said he was captured by Russian-aligned forces. Second, because I'm an evangelical Christian. "In reality, Russian society, and the Kremlin, to be more precise, hates any type of Christian denomination, bar the Orthodox Church," Cherniiavskyi said.

Persons: Viktor Cherniiavskyi, —, Cherniiavskyi, Vladimir Putin's, Putin's, NICHOLAS KAMM, Russia's, Pat Buchanan, Buchanan, Putin, Dmytro Smolienko, Pastor Dmitry Bodyu, Bodyu, Mykhailo Brytsyn, Evangelical Christians Melitopol, Pastor Brytsyn Organizations: Russia, Service, Putin's Russia, Getty, Russian Orthodox Church, Boston, Kremlin, Publishing, Atlantic Council, Reuters, Tavriski Christian Institute, Life, Russian, NBC, Dallas, Fort, Grace, Evangelical Christians, Freedom, Washington DC, Religious, Orthodox Locations: Ukrainian, Russian, Russia, Luhansk, Ukraine, Moscow, South Carolina, Crimea, Zaporizhzhia, Kherson, Melitopol, Fort Worth, Washington, Kyiv

☆ Western air bases that host Ukraine's F-16s are 'legitimate' targets for Russia, says Putin
▼ + stars: | 2024-03-29 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Putin said Western air bases hosting F-16 fighter jets will be "legitimate" targets. AdvertisementRussian President Vladimir Putin warned that Western air bases hosting F-16 fighter jets for Ukraine will be "legitimate" targets for the Kremlin's forces, according to The Associated Press. The AP noted that Western air bases may be used by Ukraine when it gets the jets, because they require high-standard runways and also protective hangars. Russia has a far superior air force to Ukraine, but Ukraine has been able to deny Russia from entering its air space through its use of air defense systems. But Ukraine is warning that its air defense munitions are running out, particularly with further aid from the US blocked by House Republicans.

Persons: Putin, —, Vladimir Putin, Lockheed Martin, it's, Joakim Paasikivi Organizations: Service, Associated Press, Lockheed, US Air Force's, AP, NATO, House Republicans, Air Locations: Swedish, Ukraine, Russian, Russia, Europe

☆ Foreign companies have lost over $100 billion in the process of leaving Russia since it started the war in Ukraine
▼ + stars: | 2024-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Foreign companies exiting Russia over its invasion of Ukraine have amassed losses of $107 billion. Despite thousands pledging to leave, only 372 companies have exited Russia since the war started. At that time, foreign companies leaving Russia had lost over $80 billion in the departure process. Thousands of foreign companies pledged to leave Russia after it started the war in Ukraine. Other than writedowns and lost revenue, departing foreign companies have also been paying huge fees to the Russian government.

Persons: —, Vladimir Putin's, Ian Massey Organizations: Service, Reuters, Washington, Moscow . Companies, Kyiv School of Economics, Companies, HSBC, Polymetal International, Kremlin, RBC Daily, Ikea Locations: Russia, Ukraine, writedowns, Moscow

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