Military Spending Pushes Russian Economic Growth Up

Russia’s economy grew 5.4% in the first quarter of 2024, official statistics published Friday showed, as President Vladimir Putin denied military spending on his Ukraine offensive was reaching unsustainable levels. The Kremlin has heavily militarized Russia’s economy since sending troops into Ukraine in February 2022, with the vast outlays helping to power growth and cushion…

Yandex NV Says Completed First Phase of Russian Divestment

The Dutch parent company of the Yandex Group announced Friday that it has completed the first phase of divesting from its Russia-based businesses.  Yandex N.V. said in February that it had agreed to sell its Russian assets to a consortium of Russian investors for 475 billion rubles ($5.2 billion) in cash and shares, ending more than two…

Ukrainian Missile Strikes Destroy Russian Warplanes in Crimea, Satellite Images Show

Ukrainian missile strikes destroyed at least three Russian warplanes in annexed Crimea this week, media outlets reported Friday, citing satellite images. Russia’s Defense Ministry claimed to have intercepted 15 U.S.-supplied ATACMS missiles on Wednesday and Thursday.  Mikhail Razvozhayev, the Russian-installed governor of the Crimean city of Sevastopol, said Wednesday that Russian air defense systems had…

Microsoft Blocks Russian Corporate Clients From Cloud Services, Vendor Says

Microsoft has started blocking Russian corporate clients from using its cloud services in compliance with Western sanctions, a Russian distributor of the tech company’s products Softline said Friday. “Microsoft has apparently approved a list of products to be disconnected. Rolling shutdowns began yesterday evening,” Softline said on its Telegram channel dedicated to supporting its customers…

Russia Arrests in Absentia Feminist Activist Marshenkulova for ‘Justifying Terrorism’

A Moscow court on Friday ordered the arrest in absentia of exiled feminist activist Zalina Marshenkulova for “justifying” the killing of a pro-war blogger. Russian investigators last month charged Marshenkulova with “justifying terrorism,” a crime punishable by up to seven years in prison, over an April 2023 Telegram post about the death of pro-war blogger Vladlen Tatarsky,…

Putin Touts Economic Ties on Final Day of China Trip

President Vladimir Putin traveled to the northeastern Chinese city of Harbin on Friday, the final day of his brief trip, where he sought to promote crucial trade with China and win greater support for Russia’s war on Ukraine. The Russian leader arrived in China on Thursday, his first trip abroad since being re-elected in March,…