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Economy

Tariffs, debt, inflation, and markets: who pays the bill, and when.
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330 pieces
OPINION: 80% of Russians Expect the Crisis — Putin Won the War and Lost His Country
Note· No. 1248

OPINION: 80% of Russians Expect the Crisis — Putin Won the War and Lost His Country

On June 25, 2026, Ukrainska Pravda published the findings of a survey that should be required reading in every European foreign ministry: 80% of…

DECODING: 5% of GDP on Defense by 2035 — NATO Faces Its Historic Bill
Analysis· No. 1242

DECODING: 5% of GDP on Defense by 2035 — NATO Faces Its Historic Bill

In 2025, at the Hague summit, NATO leaders adopted an objective that had seemed unthinkable to many of them: dedicating 5% of GDP to…

ANALYSIS: Moscow refinery offline until 2027 — Ukraine strikes Russia's economic heart
Analysis· No. 1231

ANALYSIS: Moscow refinery offline until 2027 — Ukraine strikes Russia's economic heart

On June 16 and 18, 2026, Ukrainian drones struck the Moscow refinery — also known as the Kapotnya refinery, named after the southern district…

INVESTIGATION: Occupied Crimea under a state of emergency — the humanitarian crisis Moscow can no longer hide
Investigation· No. 1215

INVESTIGATION: Occupied Crimea under a state of emergency — the humanitarian crisis Moscow can no longer hide

On June 26, 2026, Russian occupation authorities in Crimea declared a regional state of emergency — a legal exception regime that gives authorities expanded…

ESSAY: Twelve months of sanctions — what the EU's historic decision really says about the long war
Essay· No. 1212

ESSAY: Twelve months of sanctions — what the EU's historic decision really says about the long war

On June 25, 2026, the European Union extended its economic sanctions against Russia for twelve months — until July 31, 2027 — instead of…

OPEN LETTER: To a Contracting Ukraine — Your Economy Resists, Even as It Retreats
Open letter· No. 1178

OPEN LETTER: To a Contracting Ukraine — Your Economy Resists, Even as It Retreats

Ukraine, in the first quarter of 2026, your GDP contracted by 0.6% year over year. This is the sharpest contraction since the wartime recovery…

REPORT: $45.5 billion — the debt Russia is paying without knowing it
Reportage· No. 1165

REPORT: $45.5 billion — the debt Russia is paying without knowing it

Forty-five point five billion dollars. That is the amount the G7 countries have already transferred to Ukraine in the form of loans, backed by…

OPINION: The EU extends sanctions against Russia by one year for the first time
Note· No. 1153

OPINION: The EU extends sanctions against Russia by one year for the first time

Since 2022, the European Union's economic sanctions against Russia had been renewed every six months. That pace demanded regular negotiations, opened windows for political…

DECODING: Sanctions extended one year: the EU finally changes tempo against Moscow
Analysis· No. 1144

DECODING: Sanctions extended one year: the EU finally changes tempo against Moscow

On June 19, 2026, the European Union made a decision that received little media coverage but is strategically considerable. It extended its entire regime…

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