Putin Calls for Caution in Spending Oil Revenues

Russian President Vladimir Putin called on companies and the government to be cautious in spending windfall profits from high oil prices, comparing the impact of the Middle East conflict to the effects of the COVID-19 pandemic.

Russian President Vladimir Putin said on Thursday that Russian companies and the government should exercise caution and adopt a conservative approach regarding decisions on spending windfall profits and high revenues due to rising oil prices. Putin stated that it is difficult to predict the consequences of the conflict in the Middle East, but some have compared its potential impact to that of the COVID-19 pandemic. He added that the conflict is causing severe damage to international logistics services, production and supply chains, and creating enormous pressure on oil and gas, mining, and fertilizer companies. Regarding Russian-American relations, the Kremlin announced on Thursday that a number of lawmakers...

Latest news

See all news

2026-03-25T04:44:02+00:00

Russia's Financial Crisis: Budget Deficit and Economic Policy

A deepening financial crisis in Russia is exacerbated by a growing budget deficit, falling oil and gas revenues, and the need for strict austerity. The government is forced to revise economic policy, including freezing the 'budget rule,' to stabilize the situation.

Economy Politics Country

2026-03-24T17:12:00+00:00

Russia Suspends Fertilizer Exports Due to Supply Crisis

Russia, a top fertilizer exporter, has suspended ammonium nitrate exports for a month until April 21. This decision comes amid a global shortage caused by the closure of the Strait of Hormuz, through which a significant portion of global ammonia trade passes.

Economy Country

2026-03-22T21:14:58+00:00

Russia's Arctic Strategy: Pressure on NATO and the Fight for Resources

Russia is strengthening its military and economic presence in the Arctic to pressure NATO, control strategic sea routes, and access rich resources. Analysts warn that growing competition between Moscow, the West, and China in the region increases escalation risks and requires a more coordinated response from the alliance.

Politics Economy Events Country

2026-03-19T22:38:01+00:00

Ukraine Strikes Russian Aviation Plants

Ukraine attacked strategic aviation facilities in Russia, including plants in Ulyanovsk and Staraya Russa. These strikes are part of a strategy to deplete the aggressor's military potential. Meanwhile in Europe, a 90 billion euro aid package for Ukraine is being discussed, but Hungary is blocking the funds, demanding the reactivation of the Druzhba oil pipeline.

Politics Events Economy Country