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Zelensky in Serbia: What Ukraine wants, and what Belgrade gains
Politics

Zelensky in Serbia: What Ukraine wants, and what Belgrade gains

by Jovana Georgievski

President Volodymyr Zelensky's visit to Serbia, the first by a Ukrainian head of state since 2018, could mark a new chapter in relations between the two countries. It also raised questions about what each side hopes to gain. What is Kyiv trying to achieve by deepening ties with Serbia, one of the few countries in Europe, alongside Turkey and Russian ally Belarus, that has not imposed sanctions on Russia? And what does Belgrade, still heavily dependent on Moscow for energy supplies, stand to gai

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Ukraine war latest: Ukrainian drones set Russia's Perm oil refinery ablaze

Key developments on Aug. 21: * Zelensky confirms drone attack on oil refinery in Russia's Perm * Russian double-tap strike on shopping center in Kryvyi Rih kills at least 14, injures more than 100 * Ukrainian attack on Russian air base damages Su-34 bomber * Retired FSB general found dead in Moscow, Russian media report * More than 80 Ukrainian soldiers deserted during training in Germany, media reports President Zelensky confirmed a drone strike on Russia's Perm oil refinery overnight on

Putin has run out of moves

The broad consensus among Russia-watchers is that the country is facing a prolonged bout of stagflation. Growth this year is unlikely to exceed 1%, and inflation is still stuck at 6% (or more). Moreover, the most promising option for reviving the economy is the least likely to be pursued, because it requires President Vladimir Putin's willingness to end the war in Ukraine. The downside risks are legion. Russian troops have barely advanced in Ukraine this year, and Russia cannot spend more on i

Vladimir Putin gestures during a visit in Ulan-Ude, Russia, on August 10, 2026.

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PepsiCo said it would leave Russia. Last year, it paid $237 million to the state

A Pepsi logo is displayed in English and Russian in Moscow, Russia, undated.

In response to Russia's full-scale invasion, PepsiCo announced it would suspend production and sales in Russia in March 2022 — and yet, last year it still paid $237 million in income tax to the Russian state. PepsiCo, one of the largest food and drink producers in the world, remains Russia's fourth-largest foreign business — with 60,000 workers and 19 factories still producing Pepsi Cola for Russian shelves under new names, Lyubimaya Cola and Evervess Cola. That continued presence means more m

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