Russia Says Economy Contracts 1.9% in First Quarter

Russia’s gross domestic product shrank by 1.9% in the first quarter of 2023, the country’s statistic agency Rosstat said Wednesday.  The economy was weighed down by another wave of sanctions imposed over its offensive in Ukraine, including a ban by the European Union on Russian petroleum products, on top of a price cap agreed with…

Russia Agrees to 2-Month Ukraine Grain Deal Extension

Russia has agreed to extend the Ukraine Black Sea grain deal for another two months, Turkish President Recep Tayyip Erdogan announced Wednesday, just a day before a 60-day extension agreed to back in March was set to expire.  “Our Russian friends said that they will not interfere with Turkish ships leaving [Ukraine’s] ports. We thank…

European Companies Still Supplying Russian Military – The Insider

Dozens of Europe-based companies have continued to do business with Russian firms that supply Moscow’s military with critical goods and equipment as it wages war on Ukraine, according to a report published Wednesday by investigative news outlet The Insider. The outlet found that 25 companies from Germany, France, Switzerland, Hungary, Slovakia, Italy, Estonia, Lithuania, Austria…

Russia Probing Widespread Fraud in Mariupol Reconstruction

Tax incentives introduced by the Russian government for reconstructing occupied areas of Ukraine have provided large profits for the black market, The Moscow Times’ Russian service reported Tuesday. Mariupol, a port on the Sea of Azov with a pre-war population of 400,000, was nearly completely destroyed in a brutal Russian siege last spring. The Russian…

Moscow Court Jails Russian Opposition Activist for 7 Years

A Moscow court has sentenced opposition figure and anti-war activist Mikhail Krieger to seven years in prison. Krieger, 63, was arrested in November 2022 and charged with “justifying terrorism” over a 2020 social media post in which he praised two men who staged attacks at Federal Security Service (FSB) buildings as “heroes.”  He was also charged with…

Iran, Russia Ink Deal to Complete Major Transport Network

Iran and Russia agreed Wednesday to collaborate on the construction of the final part of a commercial transport network linking to the Gulf and India while avoiding Western sea lanes. Iranian Transport Minister Mehrdad Bazrpash, who signed the agreement with his Russian counterpart in Tehran, said the 164-kilometer (102-mile) railway in Iran’s north would be…