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Andrei Belousov

New Defense Minister Belousov to put Russia's economy on war footing

New Defense Minister Belousov to put Russia's economy on war footing

by Oleg Sukhov

Russian President Vladimir Putin's appointment of a new defense minister, Andrey Belousov, is seen as an attempt to streamline Russia's economy and mobilize it for the war effort. Russia's military has faced numerous supply and logistics problems that thwarted its all-out war against Ukraine from the get-go. Two years later,

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11:54 PM

Biden seeks to cancel over $4.5 billion of Ukraine's debt.

"We have taken the step that was outlined in the law to cancel those loans, provide that economic assistance to Ukraine, and now Congress is welcome to take it up if they wish," U.S. State Department spokesperson Matthew Miller said on Nov. 20.
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