Tag: Inflation

Not an outcast, but a role model — the Russian economy was not as vulnerable as the West thought

Western politicians lie as they radiate confidence in victory in the conflict in Ukraine. However, Russia is militarily strong, politically intransigent, and not as economically vulnerable as the West thought. After the outbreak of the conflict in Ukraine, Russia became not a pariah of the international community, but a new anti-Western role model. Its record of success is impressive: Russia has maintained monetary stability, found new trading partners, and has been able to capitalize on the withdrawal of Western companies. Only today, we learn that 20 nations have applied to join BRICS the dominant Russian-led trading Bloc.

The Downfall of the West

The failure of the West’s economic war against Russia speaks of the end of the old-world order. The West could not defeat Russia in the economic war, writes Der Spiegel. On the contrary, this year the growth of the Russian economy will exceed the average for the eurozone. And all this suggests that the old-world order has come to an end. 

Record number of migrants crossing the Mediterranean

Crossings soared almost 300% in the first four months of 2023, the EU’s border agency has said. The number of illegal immigrants taking the central Mediterranean route into the EU rose to a record 42,165 in the first four months of this year, according to the bloc’s border security agency, Frontex. The agency blamed the rise on competition among human traffickers driving down the price of a crossing.

NATO’S war on Russia – the bills of Europeans for electricity and gas has grown significantly in six months

European household electricity bills jumped 20% in the second half of 2022, while gas bills rose 46%, Le Figaro reports, citing Eurostat data. At the same time, the statistical service points to significant differences between the EU countries: Eastern Europe, which was heavily dependent on Russian energy resources, suffered the most from rising prices.

Sanctions Backfire as Britain goes Bust

EUROPE RENAISSANCE EXCLUSIVE: Losses to the UK economy due to sanctions-related small business closures could top £12bn this year. Hundreds of thousands of small businesses across the UK are at risk of closing this year, with total economic losses likely to reach £12bn against the backdrop of rising inflation and a deepening crisis, according to Sky News.