Russia is running up debts its military spending exceeds its budgetary capacity
Bloomberg Economics’ calculations show that international sanctions have effectively cut off the Kremlin’s access to external financing, and it is increasingly relying on costly domestic borrowing. Defence spending this year could exceed the initial budget by 4–5 trillion roubles (approximately 40 per cent), whilst in the first five months of…
Italian and other European equipment supplied to producers of Su-34
In 2023–2024, the Turkish company Redwing Metal delivered equipment produced in the European Union to Russia with a total value of nearly 6 million euros. Of this amount, goods worth 3.2 million euros originated from Italy. The shipments were sent to two Russian metallurgical plants — AMR and SMK —…
Pentagon is to review the deployment of US troops in Europe
Countries that fail to meet their financial obligations to NATO risk losing US support. Pentagon chief criticised allies who had imposed restrictions on military aid to the United States during the war with Iran. He warned that some countries would fail the test and could be left without a contingent…
EU leaders will discuss the general budget at the summit in Brussels
EU governments are set to hold complex negotiations on the allocation of the €2 trillion total budget for the next seven years: the ‘frugal states’ are demanding spending cuts, whilst other countries are insisting on maintaining funding for agriculture.The European Union is entering a difficult phase in negotiations over its…
Pro-Russian hackers have hacked the Czech brewery Plzeňský Prazdroj
The pro-Russian hacker group Throne has announced that it carried out a cyberattack on the industrial systems of the Czech brewing company Plzeňský Prazdroj (the producer of Pilsner Urquell). The attackers gained remote access to the Siemens conveyor control system via an unprotected IP address on the network, simply by…