Western sanctions have hit Russian banks, wealthy individuals and technology imports. But after a year of far-reaching restrictions aimed at degrading Moscow's war chest, economic life for ordinary Russians doesn't look all that different than it did before the invasion of Ukraine. There's no mass unemployment, no plunging currency, no lines in front of failing banks. The assortment at the supermarket is little changed, with international brands still available or local substitutes taking their place. Crowds might have thinned at some Moscow malls, but not drastically. Some foreign companies like McDonald's and Starbucks have been taken over by local owners who slapped different names on essentially the same menu. Economically, nothing has changed, said Vladimir Zharov, 53, who works in television. "I work as I used to work, I go shopping as I used to. Well, maybe the prices have risen a little bit, but not in such a way that it is very noticeable. Russia's economy has weathered th
Since the start of the Russia-Ukraine war in 2022, Putin has said that he wants to "protect" the country from a "degenerate" West
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Russian President Vladimir Putin said in an interview broadcast on Sunday that after Russia suspended its participation in the last arms control agreement with Washington, it would take into account the nuclear weapons capabilities not only of the United States but of other NATO countries such as France and Britain. Putin had said in a speech suspending Russia's role in the 2010 New START treaty earlier this week that France and Britain, not parties to the agreement, had joined the United States in targeting Russia with nuclear weapons. In an interview with Russian TV that was recorded on Wednesday and broadcast on Sunday, he said he took the action to "preserve our country, ensure security and strategic stability" and added: In today's conditions, when all the leading NATO countries have declared their main goal to inflict a strategic defeat on us, to make our people suffer ... how can we not take into account their nuclear capabilities? Moreover, they supply weapons to Ukraine wor
Russian President Vladimir Putin said in an interview broadcast Sunday that Russia has no choice but to take into account NATO's nuclear capabilities, in remarks justifying Russia's recent suspension of its participation in the New START treaty. As he has done repeatedly during the Ukraine war, Putin claimed that Russia faces an existential threat because, in his view, NATO members are seeking the country's strategic defeat. He said on Russian state TV that the suspension of New START stemmed from the need to ensure security, strategic stability for Russia. When all the leading NATO countries have declared their main goal as inflicting a strategic defeat on us (...) how can we ignore their nuclear capabilities in these conditions? Putin said. Putin's overarching goal in invading Ukraine a year ago was to reduce what he perceived as threats to Russia's security, and at times he has used that as justification for threats to use nuclear weapons in the conflict. Putin declared Tuesday
Russia's President Vladimir Putin on Sunday said that the main cause of his country's difference with the US and its allies was its strong opposition to creation of a unipolar world
Fighting is grinding on in Ukraine after the country marked the anniversary of Russia's invasion, with Ukrainian authorities on Saturday reporting dozens of new Russian strikes and attacks on cities in the east and south. After a somber and defiant day of commemorations on Friday and a marathon news conference, Ukraine's seemingly indefatigable president followed up with new video posts a day later in which he declared that Russia must lose in Ukraine" and argued that its forces can be defeated this year. In a separate tweet, President Volodymyr Zelenskyy also pushed for more sanctions pressure on Russia after the UK, US and the European Union all announced new measures aimed at further choking off funding and support for Moscow. The pressure on Russian aggressor must increase, Zelenskyy tweeted in English. He said that Ukraine wants to see decisive steps against Russian state nuclear corporation Rosatom, and the Russian nuclear industry as well as more pressure on military and ...
Scholz also plans to discuss Russia's war on Ukraine with Prime Minister Narendra Modi at a time when Europe and its allies are struggling to maintain economic pressure on the Kremlin
Friday marks the one-year anniversary of the Russia-Ukraine war, have a look at how the conflict that nobody believed would last this long changed the world
Russia's president and the deposed leader of Afghanistan were among the top gift givers to President Joe Biden and his family in 2021, according to federal documents published on Thursday. In happier times between all three countries, Vladimir Putin gave Biden a $12,000 lacquer writing box and pen when they met at a highly anticipated summit in Geneva, Switzerland in June 2021. And, then-Afghan President Mohammed Ashraf Ghani and his wife gave the U.S. president and first lady Jill Biden silk rugs worth an estimated $28,800 later that month. Relations between the U.S. and Russia turned sour shortly after the Geneva meeting and have plummeted since Russia's invasion of Ukraine last February. Ghani, meanwhile, fled Afghanistan shortly after the U.S. withdrew from the country on Biden's orders in August, 2021. The details were contained in the State Department's annual accounting of gifts to U.S. officials from world leaders posted on the website of the Federal Register on Thursday. T
Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises
US President Joe Biden assured to continue supporting Ukraine as it enters a second year of the ongoing war and said Russian President Vladimir Putin's "craven lust for land and power will fail"
Russian President Vladimir Putin, said that Moscow wanted to solve the conflict in Ukraine peacefully but the Western countries had prepared a "different scenario" behind its back, Reuters reported.
Russian President Vladimir Putin's announcement Tuesday that Moscow is suspending its participation in the last remaining U.S.-Russia arms control treaty will have an immediate impact on U.S. visibility into Russian nuclear activities, but the pact was already on life support. Putin's decision to suspend Russian cooperation with the treaty's nuclear warhead and missile inspections follows Moscow's cancellation late last year of talks that had been intended to salvage an agreement that both sides have accused the other of violating. In his state-of-the-nation address to the Russian people, Putin said Russia was withdrawing from the treaty because of U.S. support to Ukraine, and he accused the U.S. and its NATO allies of openly working for Russia's destruction. The U.S. had previously walked away from the treaty. During the Trump administration, the U.S. declined to engage in negotiations to extend it, accusing Moscow of flagrant violations. But when President Joe Biden took office in
Vladimir Putin suspended Russia's participation in the New START nuclear arms reduction treaty with the United States, here's all you need to know
'West intends to transform a local conflict into a phase of global confrontation
Russian President Vladimir Putin accused Western countries Tuesday of igniting and sustaining the war in Ukraine, dismissing any blame for Moscow almost a year after the Kremlin's unprovoked invasion of its neighbour that has killed tens of thousands of people. In his long-delayed state-of-the-nation address, Putin cast Russia and Ukraine as victims of Western double-dealing and said Russia, not Ukraine, was the one fighting for its very existence. We aren't fighting the Ukrainian people, Putin said in a speech days before the war's first anniversary on Friday. Ukraine has become hostage of the Kyiv regime and its Western masters, which have effectively occupied the country. The speech reiterated a litany of grievances that the Russian leader has frequently offered as justification for the widely condemned war and ignored international demands to pull back from occupied areas in Ukraine. Observers are expected to scour it for signs of how Putin sees the conflict, which has become
Global shares were mostly lower on Tuesday after manufacturing indicators in Europe and Asia painted a mixed picture and Russian President Vladimir Putin accused Western countries of threatening Russia. Shares fell in early trading in France, Germany and Britain and US futures declined. Oil prices were mixed. Russian President Vladimir Putin railed against the West Tuesday in a long-delayed state-of-the-nation address that shed light on how the Kremlin sees its bogged-down war in Ukraine. Such geopolitical factors add to uncertainties over slowing growth and weakening consumer demand in many economies. France's CAC 40 fell 0.1 per cent in early trading to 7,327.24. Germany's DAX lost 0.2 per cent to 15,441.85. Britain's FTSE 100 edged down 0.1 per cent to 8,005.92. After US markets were closed Monday for President's Day, the future for the Dow Jones Industrial Average was 0.6 per cent lower while that for the S&P 500 lost 0.7 per cent. In Europe, surveys of factory managers showed
Russian President Vladimir Putin railed against the West in his long-delayed state-of-the-nation address on Tuesday, a speech expected to set the tone for the year ahead and shed light on how the Kremlin sees its bogged-down war in Ukraine. Putin has frequently justified his invasion of Ukraine by accusing Western countries of threatening Russia. They say nothing could be further from the truth, saying that Moscow's forces attacked Ukraine unprovoked. It's they who have started the war. And we are using force to end it, Putin said in a speech broadcast by all Russian state TV channels. While the Constitution mandates that the president deliver the speech annually, Putin never gave one in 2022, as his troops rolled into Ukraine and suffered repeated setbacks. Now the address comes days before the war's first anniversary on Friday. Before the speech, Kremlin spokesman Dmitry Peskov has said that the Russian leader would focus on the special military operation in Ukraine, as Moscow c
A people's court put Russian President Vladimir Putin on trial Monday for the crime of aggression over his invasion of Ukraine, in a symbolic move to close an accountability gap in the absence of an international tribunal with jurisdiction. The court has no legal powers but prosecutors said they will present evidence that Putin committed the crime of aggression by ordering the invasion nearly a year ago, unleashing a devastating war that has killed thousands and left towns and cities in ruins. This is a crime that belongs in the annals of infamy. It is a crime that demands accountability, said Drew White, a Canadian lawyer acting as one of the court's prosecutors. While the International Criminal Court has opened an investigation into crimes committed in Ukraine, it does not have jurisdiction to prosecute Russia's leaders for aggression. However, international pressure is mounting for a special tribunal to be established to prosecute the crime. The European Union's legislature pas