Sanctions will impact Russian GDP and boost inflation – central bank

It will take the country’s economy until 2024 to adapt to the new conditions, according to the regulator The Russian economy is entering a phase of large-scale restructuring, which will be accompanied by a temporary rise in inflation, the Bank of Russia said in a statement on Friday.

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Russia’s offensive in Ukraine is ‘electroshock’ to NATO – Macron

France’s president has said he stands by his 2019 characterization of NATO as ‘brain dead’ Russia’s ongoing military offensive in Ukraine has delivered an “electroshock” to NATO, France’s President Emmanuel Macron said during a press conference on Thursday. The remark came in response to a journalist’s question regarding the president’s 2019 characterization of the military…

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China takes a stand on US military aid to Ukraine

Humanitarian assistance is a better way to curb the refugee crisis, Beijing insists The Chinese Ministry of Foreign Affairs spoke out against US military assistance for Ukraine on Friday, claiming it prevented the restoration of peace and stability in the region. It urged other parties to follow its lead and provide humanitarian aid instead.

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