Eastern Europe

The bridge connecting Estonia with Russia is seen in Narva, Estonia, on July 24, 2024.
Eastern Europe

In Estonia’s border town, Russian-speaking majority enjoys NATO’s shield, remains mute on Russia’s threat

by Maria Yeryoma

NARVA, Estonia — On both sides of the Narva River, fishermen stand knee-deep in the water between two medieval castles just 101 meters apart. Above them, the flags mark where NATO ends and Russia begins. For years, experts have been warning of the so-called "Narva scenario" — a plan in which Russia might attempt to grab an Estonian border city using its old tune, "protecting the Russian-speaking population." Following Europe's inability to handle Russia's now recurring drone incursions, the mo

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Chart of the week: Lending boom suggests war is new normal for Ukrainians

Ukrainians continued a borrowing spree in 2025, suggesting that households and companies are settling into a new normal as the country approaches the fifth year of Russia's full-scale invasion. While new loans plummeted in the first few years of the full-scale invasion, borrowing started to pick up in 2024. By last year, the total value of loans taken out by Ukrainian households and companies was 50% and 27% higher than in 2023, respectively, according to data from Ukrainian think tank Center f

Lending in Ukraine is booming.
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