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Photo: Unsplash The Polish government has submitted its draft 2026 budget to the Sejm. In short, the hole in the Polish budget is growing even wider, and the national debt is on the verge of skyrocketing. Meanwhile, military spending is breaking records, cementing Poland's status as NATO's leader in defense spending as a percentage of GDP. However, the value of such leadership is questionable. Or ...

World's seven largest economies overburdened with debt amid high interest rates, risking 'devaluation dominoes', Foreign Policy writes, pointing to similarities with 1990s financial crises but 'on a much larger scale' Tokyo, Japan The world’s seven largest economies are saddled with debts greater than their annual GDPs, and never before have they been coupled with interest rates this high, Daniel ...

В конгресс США внесли инициативу о создании фонда, который будет обеспечивать соблюдение санкций в отношении нефти из России и Ирана. Предполагается, что «захваченную» продукцию продадут, а средства уйдут на погашение госдолга США Американские сенаторы Джони Эрнст (республиканец) и Ричард Блюменталь (демократ) представили в конгрессе законопроект, который предполагает создание фонда по контролю за...

French Prime Minister Michel Barnier has pushed through a controversial social spending bill bypassing parliament, using a special article of the constitution. Now the far right and left are preparing to hold a vote of no confidence in his government Michel BarnierOn December 2, the French National Assembly was supposed to approve the social spending budget for 2......

Trump's return to the US presidency , provided that his election promises are fulfilled, could lead to new trade wars, a rising DOLLAR exchange rate and inflation in America. US sanctions policy could become more pragmatic Donald and Melania TrumpDonald Trump wins the US presidential election, becoming the 47th president of the United States of America. According to media reports, including The Ne...

The US is extracting resources from other countries by printing unbacked money , as it did during the pandemic. This is neocolonialism, according to President Vladimir Putin. Thanks to its monopoly on the DOLLAR, the United States can print unbacked money as much as it wants and "pump" resources out of other countries. This is neocolonialism, Russian President Vladimir Putin declared at the 2........

Domestic debt on securities, the nominal value of which is indicated in rubles, increased by approximately 1.6 trillion rubles. External debt in ruble equivalent increased by approximately 1.1 trillion due to an increase in foreign currency exchange rates against the ruble. At the same time, the volume of external debt in US dollars decreased by $5.1 billion, or 8.9%. This is mainly due to a decre...

59 countries around the world may face problems in securing their debt in the event of a negative scenario with an increase in carbon emissions, British scientists said . The UN warned that the planet is heading for a 'climate hell'About 60 countries will face rising debt service costs over the next ten years due to a failure to limit carbon emissions, which will lead to lower credit ratings, acco...

of timeset at $31.4 trillion. The authorities must raise the ceiling by September to avoid a default. Musk stated, American businessman Elon Musk said on his Twitter that default in the US is only a matter of time. “Given federal spending, the question is not whether a default will come, but when it will happen,” Musk wrote, commenting on a White House publication criticizing Republicans opposed t...

Poland cannot avoid a demographic crisis due to an increase in the percentage of the elderly population: by 2055, the number of employed and pensioners will equalize in the country. The experts have warned Poland's population is rapidly aging, and if this problem is not addressed, the situation will become a national economic problem, said Slawomir Dudek, president of the Institute of Public Finan...

The economy of the South and the Caucasus went through 2022 better than expected. Experts predict a difficult future, but for regions with a diversified economy, difficult times will pass more smoothly than for raw materials and industrial Extremely negative, catastrophic forecasts for the beginning of 2......

Two senators are developing a corresponding bill. They believe that the threat of secondary sanctions ensures compliance with restrictions on Russian oil supplies and a price ceiling. At the US Treasurydo not agree with their opinion Senators Chris Van Hollen (Democratic) and Pat Toomey (Republican) are developing a bill to sanction foreign companies that facilitate the trade in Russian oil, as we...

Viktor Orban European countries close to RUSSIA suffer from sanctions imposed by the European Union. This was stated by Hungarian Prime Minister Viktor Orban at a press conference after a meeting with Serbian President Aleksandar Vučić, Kormany reports. “It is easy to carry out the sanctions policy from Paris, Brussels, Madrid, and maybe even from Berlin. However, we are closer to a sanctioned cou...

00:00 Advertisement 00:00 00:00 / 00:00 You can skip ads through More VideoMore VideoMore Video US sanctions against the children of Chechen leader Ramzan Kadyrov are a manifestation of schizophrenia, Russian President Vladimir Putin said on the sidelines of the Shanghai Cooperation Organization summit, RBC correspondent reports. “I think it's already schizophrenia. Because to put minor children u...

Nancy Pelosi The US will help Ukraine and impose sanctions on RUSSIA until the fighting ends. This was stated by Speaker of the US House of Representatives Nancy Pelosi at a press conference of the heads of parliaments of the G7 countries, the transcript is published on her website. She supported the words of Bundestag Chairman Berbel Bas that the G7 countries will seek an end to Russian hostiliti...

The sanctions list includes journalists from the ABC agency, Sky News and The Australian newspaper, writer Andrew Urban,a number of university employees and defense contractors The Russian Foreign Ministry has imposed sanctions prohibiting the entry of 41 Australians into the country, follows from a statement published by the department. “In response to politically motivated sanctions against Russ...

tightens luxury threshold to ban exports to Russiaintroduced stricter restrictions The United States has adjusted the value limits for goods that are considered luxury goods and therefore cannot be exported to RUSSIA, according to a statement from the US Department of Commerce. Initially, for example, items of clothing or shoes under $1,......

Bangladesh, following Pakistan and Sri Lanka, asked for financial assistance from the IMF. The country is going through an economic crisis, electricity is cut off regularly, and residents are saving on everyday expenses. The factory of Mohammed Sharif Sarker in the suburbs of Dhaka, the capital of Bangladesh, is considered exemplary. On three spacious floors, there are assembly lines with sewing m...

The "toxic" DOLLAR and euro should be exchanged primarily for rubles and "invest in yourself," said Maxim Oreshkin, aide to the president. At the same time, a country can be attractive for investment even with a considerable budget deficit, “The dollar and the euro should be exchanged for rubles and not for other currencies,” said Russian presidential aide Maxim Oreshkin during a discussion at the...

The international rating agency S&P raised Ukraine's long-term foreign currency rating from SD (selective default) to CCC+. The decision was made in connection with the completion of the restructuring of Ukraine's debt, according to a statement on the agency's website. “The short-term foreign currency rating has been upgraded from SD to C. The sovereign ratings in national currency have been confi...

The EU has named the conditions under which European depositories will be able to settle accounts with NSD in order to pay Russian investors. But even if there are clear criteria, it will not be easy to agree on deals, The European Commission allowed settlements with the National Settlement Depository (NSD), which fell under the sanctions, where the securities of Russian investors hung, but subjec...

Ghana's public debt reached 84% of GDP. At the same time, its inhabitants remain the richest in West Africa, and the country is considered one of the most developed in the region and regularly attracts creditors. The Economist explains, Enu, a market shopper in Accra, the capital of Ghana, peers disappointedly into a small bag of crabs. “Before, having bought crabs for two cedis (the national curr...

In July 2022, non-oil and gas budget revenues collapsed by 29%, which was a record for at least 11 years, follows from the data of the Ministry of Finance.Experts attributed this to the problems of metallurgists and the general slowdown in business activity due to sanctions. Non-oil and gas revenues of the federal budget in July decreased by 29% in annual terms, to 99......

The HEAD of state noted that in the modern world "it is impossible to circle everything with a compass and put up a huge fence like that." According to him, Russiawill look for new solutions and use existing technological reserves video RUSSIA, due to the restrictions imposed against it, is not going to retreat decades ago and will not develop in isolation, the president said at a meeting of the C...

The HEAD of the supervisory board of the exchange, Sergei Shvetsov, called the suit promising. In his opinion, the National Settlement Depository has a chance to release the frozen assets, The Moscow Exchange is preparing a class action lawsuit due to EU sanctions against the National Settlement Depository of RUSSIA (NSD), head of the Exchange's Supervisory Board Sergei Shvetsov said at a session ...

According to the agency, the grace period for the payment of about $100 million in overdue payments on government bonds expired overnight.In RUSSIA, the default was called “artificial” and many times they declared their readiness to service external debt On the night of June 27, for the first time since 1918, Russia defaulted on sovereign debt in foreign currency, writes BLOOMBERG. Default is the ...

According to the agency, the grace period for paying about $100 million in overdue payments on government bonds expired overnight.Russia called the default "artificial" and many times declared its readiness to service external debt On the night of June 27, for the first time since 1918, RUSSIA defaulted on sovereign debt in foreign currency, writes BLOOMBERG. Default is the default of the debtor t...

Banks asked the Central Bank to mitigate the consequences of sanctions against the National Settlement Depository. They want their hung euros back and no fees on their deposits. Experts are not sure Russian banks are trying to minimize the losses they suffered due to EU sanctions against the National Settlement Depository (NSD), RBC learned. The Association of Banks of RUSSIA (ADB) sent a letter t...

The Central Bank pointed to the risks of imposing sanctions on the National Clearing Center following the restrictions on NSD. To minimize them, market participants need to reduce their currency positions, There are risks of imposing sanctions on the National Clearing Center (NCC, part of the Moscow Exchange Group), whose accounts account for the currency used by Russian residents. This was announ...