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Trump, Russia and Ukraine
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In 2024, births in Russia fell to 1.22 million — the lowest level since 1999 — while deaths increased by 3.3% annually, to 1.82 million.
Trade between Russia and China fell in the first six months of the year in a further sign of weakening in the Russian economy. Figures issued on Monday (July 14) show trade totalled £79.3billion (US$106.48bn), a drop of 9.1% year on year.
Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a "fortress Russia" economic model during the war in Ukraine,
Russia's federal budget received 132 billion rubles from property sales.
Russia needs to find the equivalent of 2 million workers a year over the next five years to fill vacancies left by people who are due to retire, Labor Minister Anton Kotyakov told President Vladimir Putin at a meeting on Monday.
U.S. President Donald Trump's threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow's finances, but markets are betting that the risk of higher energy prices will keep Washington from following through.
Pentagon officials said details were still being worked out, and experts doubted Mr. Trump’s threat of huge tariffs for Russian trading partners.
Despite coal making up less than 0.5% of Russia's gross domestic product, it is responsible for over 15% of the country's electricity generation.
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