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  • Russia's economic growth is masking a looming 'economic catastrophe,' researchers say

    08/22/2024 7:16:29 PM PDT · by UMCRevMom@aol.com · 170 replies
    BUSINESS INSIDER ^ | Aug 20, 2024, 3:12 PM | Jennifer Sor
    "Russia's wartime economic boom is masking much deeper problems, according to a group of researchers. The authors of a recent article, who hail from institutions including the Yale School of Management, the Wharton School, the Carnegie Endowment, and the Kyiv School of Economics, cast a stark warning for Russia's economic situation despite the nation posting strong growth numbers since its invasion of Ukraine in 2022. Russia's economy is expected to expand another 2.4% this year, according to figures from the International Monetary Fund. However, much of that growth stems from the Kremlin's wild spending spree, and Russia's economy is hindered...
  • Ukraine knocks out Russian refinery in major attack

    03/12/2024 7:56:48 PM PDT · by UMCRevMom@aol.com · 71 replies
    Reuters ^ | March 12, 2024 6:42 PM EDT Updated 4 hours ago | Guy Faulconbridge and Lidia Kelly
    SUMMARIES: • Ukraine launches mass drone attack • Fire at NORSI refinery, drone downed near Kirishi • NORSI is badly damaged - sources • Russia says it repels cross-border attack by Ukrainian proxies