Russia
US DoE muddies the ClimateCrisis waters with report downplaying the emissions problem
As part of the Trump administration’s attempts to take the Climate Crisis off the agenda, the US Department of Energy has released a report downplaying the impact of fossil fuels on global warming.
Can India dump Russian oil imports completely if Trump’s secondary sanctions appear?
Since early 2024 India has typically bought 1.5–2.0 mbpd of Russian crude, or about 35–40% of its total imports. US President Donald Trump is threatening crushing 100% tariffs on Russia’s business partners if they continue to import crude.
India to continue buying Russian oil despite Trump's threats
Indian officials have said they would keep purchasing oil from Russia despite threats of penalties from US President Donald Trump.
Ukrainian drones strike Russian airfield and oil facilities
Ukrainian Security Service drones struck a military airfield used for storing and launching Shahed drones in Primorsko-Akhtarsk on August 2.
Trump orders nuclear submarine deployment amid escalating dispute with Russia's Medvedev
US President Donald Trump ordered the deployment of two nuclear submarines following an escalating social media confrontation with Russia's number two.
If Kyiv doesn't want to deal with Moscow yet, Russia can wait, Putin says
Russian President Vladimir Putin said Moscow is prepared to wait if Kyiv believes it is not yet time to engage in negotiations, stating that Russia can be patient regarding the settlement process in Ukraine.
Saudi Flynas expects to carry tourists first on flights to Russia
Saudi Arabian airline Flynas expects to carry primarily tourists on flights to Russia, with the carrier planning to increase frequencies to several Russian regions.
MACRO ADVISORY: Russia’s August Angst
There are some annual rituals in Russia about which people have a very strong conviction. One of these is to prepare for something of significance, almost always bad, to occur in the month of August.
Trump “disgusted” with Russia, as Kyiv strike heightens pressure for new sanctions
US President Donald Trump called Russia’s attacks on Ukraine “disgusting” in his most strongly worded criticism of Russian President Vladimir Putin yet, and warned that Washington will impose new sanctions if no agreement is reached by August 8
Russia’s July manufacturing production PMI sees steepest drop for three years
Russia’s manufacturing sector saw its most severe contraction in output since early 2022, to 47, as demand faltered and firms struggled with financial pressures, according to new data from S&P Global released on August 1.
The most powerful quakes are in the Ring of Fire – Statista
Tsunami warnings have now been lifted across much of the Pacific following a major earthquake, which took place at 11:25 am local time on Wednesday, striking off the coast of Russia’s far eastern Kamchatka Peninsula.
Indian state refiners halt Russian oil purchases as discounts narrow, Trump ramps up pressure
Indian state-run oil refiners have paused purchases of Russian crude over the past week amid shrinking discounts and renewed warnings from US President Donald Trump against buying energy from Moscow
India’s refiners face pressure as EU sanctions hit $14bn fuel exports
India’s petroleum exports to the European Union—valued at $14–15bn annually—are under threat following the EU’s latest sanctions package targeting Russian crude and its derivatives.
Russia-Azerbaijan crisis continues to deepen
The diplomatic crisis between Russia and Azerbaijan has expanded into cultural warfare, with Moscow dismissing a senior TASS executive for attending an Azerbaijani event.
Russian business travellers are discovering Uzbekistan
Are sanctions-busters scouting out a new hub?
Chile lifts tsunami alert after Russian earthquake sparks mass evacuation
Chile has lifted its tsunami warning, nearly 37 hours after an 8.8-magnitude earthquake off Russia's Kamchatka Peninsula prompted the evacuation of approximately 1.5mn people from coastal areas.
Russian attack on Kyiv kills eight, injures 88
The death toll from a Russian combined attack on Ukraine's capital Kyiv has risen to eight people with 88 injured, according to official sources.
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Nicaragua recognises Russian annexation of four Ukrainian regions
Nicaragua has formally endorsed Russia's annexation of four Ukrainian regions, becoming one of the few countries to explicitly back Moscow's territorial claims as Putin seeks international legitimacy for his seizure of sovereign territory.
Russian Foreign Minister Lavrov calls Syria a 'good friend'
Russian Foreign Minister Sergey Lavrov stated that Russia considers Syria a long-standing and reliable friend during a meeting with his Syrian counterpart Asaad al-Shibani.
IMF corrects growth forecast upwards – Statista
Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.