Browsing: energy crisis

Russia’s economy faces a severe crisis as oil prices plummeted by 31%, marking a significant blow to President Vladimir Putin’s financial stability. The sharp decline raises concerns about the nation’s fiscal resilience and potential implications for global markets.

France is mobilizing for a ‘wartime economy’ in response to the growing tensions in Ukraine, as U.S. support appears to wane. Paris aims to bolster military production and resources, underscoring its commitment to European security amidst shifting global dynamics.