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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

military spending

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Business / Economics

Russia Raises Interest Rates to 21% Amid Ongoing Economic Pressures from Ukraine Conflict

Russia's central bank hiked interest rates to 21 percent, taking borrowing costs to their highest level in more than two decades as Moscow's Ukraine offensive triggered rapid price rises at home. The increase takes rates to their highest level since 2003. Despite the high inflation and Western hopes sanctions would cripple the Russian economy, the Kremlin is set to ramp up military spending yet again next year. Analysts say Moscow […]

todayOctober 28, 2024 10

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World

Ukraine war: Russia’s Baltic neighbours to create massive border defences as Trump continues undermining Nato

    By Natasha Lindstaedt, University of Essex   With Donald Trump leading in many of the polls for the upcoming US presidential election, his comments about global security and foreign policy have to be taken seriously. In February, Trump flippantly remarked that he would encourage Russia to do whatever it wanted to Nato states that failed to pay their bills. In a follow-up interview on GB News this week […]

todayMarch 25, 2024 25

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World

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

    By Robert Huish, Dalhousie University   There are more than 16,000 sanctions imposed against Russia. Yet the Russian economy and war machine grew by 3.6 per cent in 2023 and is projected to grow another 2.6 per cent in 2024. Nearly six per cent of Russia’s gross domestic product goes towards military spending. At a time when Ukrainian President Volodymyr Zelenskyy is scrambling to acquire arms, funds and […]

todayMarch 19, 2024 10

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