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The Latest Breaking News from Alexandra Prokopenko

Senior Russian banker fired after scathing speech on wartime economy

Andrei Klepach of VEB said Russia’s economy was falling behind China, US and ‘in some respects Ukraine’

The Guardian - UK

The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls

"It’s less dramatic than a palace coup, but this is what decline looks like."

Fortune

The Russian economy is eating its own muscle to survive as Putin’s war on Ukraine destroys future capacity, former central bank advisor says

“The body is metabolizing its own muscle tissue for energy,” Prokopenko said.

Fortune

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read the most diverse news in one place.

Russia's 'disposable-goods' war economy is getting busier but poorer, and Trump's new sanctions could trigger a recession, analysts say

"But the country has exhausted its reserves of manufacturing capacity and manpower."

Fortune

The Russian war economy is facing a ‘moment of truth’ as Putin’s dwindling cash reserves raise odds of a financial crash, expert says

“As the risk of a financial crash rises, Russia’s imperiled economy is about to pose serious constraints on Putin’s war.”

Fortune

Andrei Belousov: Putin picks trusted technocrat to run defence ministry

Loyalist economist who ‘thinks years ahead’ inherits Kremlin’s biggest challenge as it prepares for the long haul in Ukraine

The Guardian - UK

US Sanctions Test China's 'No Limits' Friendship With Russia

Chinese banks are tightening scrutiny over trade with Russia for fear of incurring strict new US sanctions over the Ukraine war, testing the "no limits" friendship between the two countries.

International Business Times

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Nearly Two Years Into War, Is Russia's Economy Out Of The Woods?

As he prepares to run for re-election in 2024, is President Vladimir Putin right to claim the worst is over for the Russian economy?

International Business Times

Under Putin, the uber-wealthy Russians known as 'oligarchs' are still rich but far less powerful

When Vladimir Putin came to power in 2000, the outside world viewed “Russian oligarchs” as men who whose vast wealth, ruthlessly amassed, made them almost shadow rulers

The Independent UK

How much is the Russia-Ukraine war costing?

It’s been almost 18 months since Russia began its invasion of Ukraine and an end to the conflict between the two states seems no closer.

The Week

Western firms snub ‘Russian Davos’ as its prestige evaporates

Annual event headlined by Vladimir Putin described as ‘totally toxic’ since full-scale invasion of Ukraine

The Guardian - UK

Russian politicians and officials banned from leaving country in Putin's latest crackdown

In a new crackdown from Vladimir Putin's government top politicians and officials have been banned from leaving the country amid what's alleged to be further signs of paranoia over the ongoing war

Daily Mirror

‘No limits partnership’: Xi and Putin’s economic priorities

Chinese and Russian leaders expected to double down on economic cooperation during three days of meetings in Moscow.

Al Jazeera

Yevgeny Prigozhin, 'Putin's Chef,' has emerged from the shadows with his Wagner Group

Yevgeny Prigozhin, known as "Putin's Chef" because of his company's origins in the catering business, now fields a mercenary army of 50,000. Its role in Ukraine is central to Russia's war effort.

WEKU

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Al Jazeera

Amid Western sanctions, China’s yuan has its moment in Russia

The Chinese currency is popular because of the ‘toxicity’ of the dollar and euro for Russians, say experts.

People

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the Institute forStudy of War

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