Russia has sharply criticized Armenia for allowing Ukrainian President Volodymyr Zelenskiy to speak in Yerevan last week. During his visit, Zelenskiy warned that Russian leaders might face drone threats over Red Square during Moscow’s Victory Day parade on May 9—a claim Moscow dismissed as reckless.
Russia plans to buy foreign cash for the first time since the Ukraine war began, but not as much as experts thought it would. The government will spend 110. 3 billion roubles—mostly in Chinese yuan—between May 8 and June 4 to top up its rainy-day fund. The idea is to keep the rouble from shooting up
Russian arms makers are now getting more than nine out of ten pieces of restricted equipment from China. This shift follows tighter European controls that block many supply routes, pushing Moscow to look eastward for support. The share of Chinese‑supplied tech has risen from roughly eight out of
Hungary’s freshly elected prime minister, Péter Magyar, wants to sit down with Ukraine’s President Volodymyr Zelenskiy in western Ukraine to talk about the rights of ethnic Hungarians living there. Magyar, who just took office after beating Viktor Orbán’s 16-year rule, isn’t as hostile to Ukraine as
Hungary’s tax office has put the brakes on large overseas transfers tied to allies of a powerful outgoing official. The person making the claim, set to take over soon, posted a video online saying billions in forints—millions in dollars—were frozen because officials suspect laundering. No proof was
Hungary’s freshly elected prime minister, Peter Magyar, is making his first official trip to Brussels on Wednesday to meet with European Commission President Ursula von der Leyen. The goal? To free up billions in EU funds that have been locked since Viktor Orban’s government clashed repeatedly with
Russia’s economy is showing clear signs of trouble as the war in Ukraine drags on. Policymakers in Moscow recently met to discuss shrinking capital markets and rising costs, with warnings that labor shortages could get worse. Inflation is climbing, production is slowing, and experts say the country’
Russia’s parliament has approved a new law that will be the country’s first official rules for digital money. The bill says crypto is property, so it can be used in court cases like bankruptcies and divorces. People who are not professional traders can only buy up to 300, 000 rubles a year. Profe
Russia says that European countries are making more drones for Ukraine. The defence ministry claims this pushes the conflict closer to Europe. It released a list of factories that it says build drones or parts for Ukraine, including sites in Britain, Germany, Spain, Italy, Israel and Poland.
Russian authorities say they have dismantled a large criminal network that stole more than 1 trillion rubles from the state. The money was taken through fake companies and bogus invoices. The group operated mainly in Moscow. Since 2023 it created over 4, 000 fake legal entities. These companies iss
