Russian economy

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How oil jackpot and sanctions failure are funding Russia's war

As recently as this January and February, Russia was going through its worst fiscal period since the start of the full-scale invasion of Ukraine. Oil and gas budget revenues had fallen by 50% year-on-year, and the deficit for the first two months reached $42 billion. The government was preparing to slash non-military spending by 10%. It seemed like sanctions were finally working. Then this happened: the United States struck Iran, and the Strait of Hormuz — through which one-fifth of the world'

An oil terminal in Saint Petersburg, Russia, on Sept. 26, 2025.

As Russian attacks on Ukraine's railways intensify, passenger trains now targets for drones

Russian attacks on Ukraine's railways are escalating and posing a more direct threat to civilians, as Moscow increasingly shifts from hitting infrastructure to targeting moving trains, including passenger trains. Attacks on the railway system rose from 134 in January to 166 in February and peaked at 206 in March, Ukrzaliznytsia — Ukraine's national train operator — told the Kyiv Independent. "There is a clear tendency since late 2025, and especially now in spring — focused strikes on rolling s

Passenger train following russian drone strike in Sumy Oblast, Ukraine, on March 14, 2026.

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As you read this, somewhere at a TSMC fab in Taiwan's Hsinchu a robot is moving a silicon wafer packed with transistors measuring 2 nanometers — 20 atoms in a row. Mass production of chips using the 2-nanometer process began in late 2025, and TSMC's entire 2026 capacity is already sold out — Apple, Qualcomm, NVIDIA, and AMD are all in line. Samsung has launched its own 2-nanometer Exynos 2600 processor. Intel is advancing its 18A node (1.8 nm). We are talking about the kind of density and effi

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