First published in Russian on globalaffairs.ru Russia’s military operation in Ukraine and the consequent economic embargo of Moscow by the West is the largest upheaval in world politics since at least the end of the Cold War. The result will be a complete reformatting of the country’s foreign economic relations and its economic model, as…

Bulgaria, Latvia, Lithuania, and Estonia announced on Friday that they had decided to expel a number of Russian diplomats from their respective missions in the four EU countries. Russia said the move would not go unanswered.

A number of Russia’s Eurobond holders received coupon payments due this week, Reuters reported, citing two market sources, signaling that Russia has evaded a widely expected external bond default. According to the agency, the payment was made in US dollars. Sources said two creditors have already received their due, while a number of others are…