The sovereign funds have been seized by the West as part of Ukraine-related sanctions Nearly $300 billion worth of Russian forex reserves have been frozen by Western countries since March 2022. The EU has been seeking ways to tap the profits from those funds, but Moscow warned that any such move would constitute theft.

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Beijing’s continued militarization is a forced response to US pressure. But can it keep its cool? By Timur Fomenko, a political analyst  During the two sessions of the National People’s Congress (NPC) over the weekend, China announced that its military budget would increase by 7.2% year on year. The news made headlines around the world.