Israel’s economy shrinks by a fifth – data

Israel’s economy faced one of the biggest contractions in the country’s history in the fourth quarter of last year due to the ongoing war with Hamas, a report from the country’s Central Bureau of Statistics revealed on Monday.

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Russia strikes Western-supplied air weapons depots in Ukraine – MoD

The attack came in response to Kiev’s attempts to damage the country’s energy infrastructure, the Defense Ministry has said The Russian military has conducted high-precision strikes on Ukrainian ammo warehouses, including those storing drones and airborne weapons supplied by the West, the Defense Ministry in Moscow has said.

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Influential Russian oil boss takes aim at Finance Ministry

The head of Russian oil major Rosneft, Igor Sechin, has criticized the Finance Ministry’s tax policy, which he claims provoked a crisis in the domestic fuel market. He also took aim at the country’s Central Bank for a lack of “reliable” routes for cross-border payments in various currencies and for a series of sharp interest…

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