Tourism’s contribution to Russia’s gross domestic product exceeded 3 percent in 2025, Russian Deputy Prime Minister Dmitry Chernyshenko stated, as reported by TASS in late September. According to him, tourism is among the fastest-growing sectors of the Russian economy. Chernyshenko attributed these results to measures under the “Tourism and Hospitality” national project, which he said […]
People in Russian-held Oleshky in Ukraine's Kherson region have endured war, occupation, and devastating flooding. Now, trapped by land mines and cut off from basic supplies, they face "hell," starving in a virtual ghost town, Ukrainian officials and volunteers say.
Historian Margaret MacMillan warns that increasingly interconnected wars are increasing the risk of a wider conflict, as she discusses Ukraine’s future, Putin’s Russia, NATO’s vulnerabilities, and an emerging “new world disorder.”
Washington’s invitation to President Putin to the Miami G20 offers Russia an opportunity to pursue direct diplomacy with Washington over the Ukraine conflict while reaffirming its role in the emerging global economic order despite continued Western efforts to isolate Moscow. An Invitation with Strategic Meaning The upcoming G20 summit is scheduled for December 14-15, 2026, […]
It was common practice during the Cold War to exaggerate the threat from the Soviet Union. Nowadays, Russia has assumed that role. Although the circumstances have changed, some of the political methods employed to create a sense of insecurity are still remarkably similar. Europe is not formally engaging in preparations for war since it desires […]
US authorities designated the A7 financial network as a "significant transnational criminal organization," the latest in a series of steps by Western authorities to try and choke the sprawling Kremlin-backed sanctions-evading scheme.
Tajikistan has begun receiving oil and petroleum products from Iran in a move to diversify supplies long dominated by Russia. The volume, price, and route of the shipments remain unknown, raising questions about the commercial scale of the trade and potential US secondary sanctions risks.
In the days between the elections and his arrest, Aleksandr Kynev had pointed to evidence of falsifications benefitting the United Russia party. Some analysts see his arrest and reported beating as a sign of a power struggle pitting security agencies against political operatives in Putin’s Kremlin.
For “New Eastern Outlook”, this interview is not merely a political conversation, but a sign of special trust. It is a great honour for us to present to our readers a dialogue with a leader whose influence extends far beyond the borders of his country. We discussed topics that shape the global agenda: unity, historical […]
(Bloomberg) — Turkey and the United Nations have set up fresh talks in Russia and Ukraine to discuss a Black Sea ceasefire, trying to coalesce scattered efforts to protect grain...
Ukraine is now using a fence-like device designed to snag and cut the cables of fiberoptic drones, weapons that have confounded militaries throughout the world.
In this tense, riveting first-person excerpt from his new book This Cursed Beautiful Land: A Russian Story, Evan Gershkovich recounts the harrowing months he spent as a prisoner in Russia, leading up to his eventual release in a complex, multi-country prisoner exchange. Even in the darkness, Gershkovich offers rays of light: care packages from friends, letters by the hundred, and a cautiously blossoming love with a friend in Berlin. We may know the ending, but the details of these days reveal what it takes to get there.
A few hours after my arrival, I heard a cart rolling down the hallway. A guard opened a kormushka — a feeder window in the door about the size of a human head. A man in a chef’s uniform filled my bowl with porridge, placed a piece of rancid-smelling boiled fish on my plate and gave me some weak tea. The reality of my new surroundings slammed into me.
Thoughts ricocheted inside my head. Earlier in the day I’d had a comforting one: they’ve taken me for a swap, I told myself. That’s all this is.
Now, curled up on the bed in my 12ft by 8ft cell, knees pulled to my chest, I thought, what if the FSB really does think I’m a spy and wants to make an example out of me? Maybe they don’t want to swap me at all. Maybe I really will spend 20 years here.
The United Kingdom has sanctioned five liquefied natural gas carriers as part of a new package of measures targeting Russia's efforts to expand a maritime "shadow fleet" for LNG exports, including three Russian-built Arc7 ice-class vessels intended to support the Arctic LNG 2 project.
Increased NATO military exercises near Russia’s Kaliningrad Region and aggressive rhetoric from members of the US-led bloc are raising the risk of a direct armed conflict, Moscow has warned.
Russia has sent NATO a warning stressing its determination to protect the Russian exclave in the Baltic region “with its entire available arsenal,” according to a statement published on Monday by the Russian Embassy in Belgium, which hosts the bloc’s headquarters.
The message alluded to remarks made earlier this month by Polish Foreign Minister Radoslaw Sikorski, who said there are “hardly any troops” in Kaliningrad Region and urged NATO to increase its military posture near Russia’s borders so that Moscow would be “uncertain of what we will do.”
NATO spokesperson Allison Hart confirmed receiving the Russian message and accused Moscow of irresponsible rhetoric.
”We strongly denounce the threat of force, including any irresponsible nuclear rhetoric,” she said.
Western officials have frequently described Russian statements invoking its nuclear deterrent as “blackmail,” while presenting NATO’s own nuclear-sharing arrangements as a pillar of collective defense.
France has offered to discuss the possible deployment of its nuclear weapons in other European NATO countries, arguing that this could reduce the bloc’s dependence on the US. Under NATO’s existing nuclear-sharing arrangements, American nuclear bombs are stored in several European countries, while personnel from non-nuclear member states train for missions involving their potential use.
Russia has repeatedly rejected Western claims that it intends to attack NATO before the end of the decade, describing such warnings as warmongering aimed at persuading voters to support sharply higher military spending.
Moscow, in turn, views NATO’s military preparations as potentially paving the way for an attack on Russia. Foreign Minister Sergey Lavrov has repeatedly warned that any such conflict would be extremely brief, implying that Moscow could resort to nuclear weapons.
The Russian Embassy in Ireland used more direct language, saying on Tuesday that Moscow is prepared to use nuclear weapons in response to an attempted NATO blockade of Kaliningrad Region and may consider pre-emptive military action in such a crisis.
Kremlin spokesman Dmitry Peskov said on Wednesday it was “natural for our diplomats to try and remind hotheads in Europe about our doctrinal documents,” in response to the rhetoric coming from Poland and other nations.
Last week, Russia recorded its highest estimated revenues from seaborne oil exports since the start of the war with Ukraine.
The main driver of this demand is the armed conflict and the resulting blockade of the Strait of Hormuz in the Middle East. Due to supply problems, buyers are looking for additional sources of crude oil. This also applies to China which, although it has already secured reserves of the commodity, is also starting to increase purchases from the Russian Federation.
Russia’s record revenues from oil sales
Last week, Russia achieved record weekly revenues from seaborne oil exports since the beginning of the war. Oil companies there shipped about 3.99 million barrels of oil a day to foreign markets. Given the high prices, this significantly increased the value of Russian exports.
Bloomberg estimates that the total value of oil shipped from Russian ports last week was about $2.75 billion. That is about $180 million more than the previous week and the highest weekly figure since the beginning of the Russia-Ukraine war.
Russian oil is now much more expensive than in previous months. As noted earlier, this is influenced by the situation in the global oil market, and in particular, the war in the Middle East. The price of Brent crude remained above $100 a barrel in September.
At the end of September, the price of this benchmark exceeded $103 per barrel. Earlier, prices rose further amid concerns about disruptions in oil supplies from the Middle East.
Average revenues for the last four weeks
The Kremlin has decided to limit fuel exports to support the domestic market. The ban on diesel exports by Russian producers has been extended until Sept. 30, and restrictions on the export of gasoline and some diesel fuels by other exporters remain in place for an extended period.
The UA News portal points out that an exceptional situation has arisen as a result, stating: “Russia cannot export as many petroleum products as before, but it has a surplus of crude oil that it cannot fully process domestically. Consequently, the oil surplus is diverted to the foreign market.”
This situation increases the volume of maritime exports. Russia’s current revenues have significantly exceeded the previous week’s value. To avoid drawing conclusions based on just one week, the agency also calculated average revenue over four weeks. This indicator is less susceptible to sharp short-term fluctuations in prices and volumes.
Over the past four weeks, the estimated average value of Russian oil exported by sea has been around $2.39 billion per week. That is about $290 million more than in the previous four-week period and the most since the second half of May.
Russia may continue to earn significant revenue from crude oil sales. As long as the price of Brent crude remains above $100 a barrel and Russian crude enjoys demand among buyers in Asia, Moscow can generate additional revenue, even despite operational problems at its own refineries.
This situation may change as supplies from the Middle East gradually resume. Reuters reported that exports from Saudi Arabia and the United Arab Emirates increased in September, and reconstruction of some infrastructure began after the attacks. This could ease pressure on the global market and affect the price of Russian oil, even if oil prices are expected to remain elevated throughout 2026 and 2027.
US Treasury Secretary Scott Bessent’s prediction that Iran’s economy would soon collapse underscores the depth of delusion within the current American leadership.
“Iran is absolutely not sanctionable,” Deputy Economy Minister Mortaza Zamanian said this week as Tehran worked to keep trade flowing despite Washington’s latest sanctions campaign.
Zamanian cited Iran’s extensive borders, established commercial routes and longstanding trading relationships, saying that they make it impossible for external pressure simply to switch off the country’s economy.
His remarks came as Washington intensified its economic terrorism against Iranian oil, shipping, aviation, finance, technology and foreign companies supporting those sectors.
US Treasury Secretary Scott Bessent said that Iran would probably make its final oil deliveries to China within two weeks, after which, he asserted, “they will have nothing.”
That prediction deserves comparison with history, because American administrations have imposed increasingly severe sanctions since 1979 while repeatedly expecting economic pressure eventually to produce decisive Iranian economic collapse.
The economy did not disappear under those campaigns; instead, Iran developed domestic industries, expanded regional commerce, strengthened Asian trade and accumulated extensive experience operating outside Western financial systems.
The proposition that an economy which has absorbed American sanctions for almost half a century will suddenly become economically empty within two weeks therefore indicates the depth of delusion among the current US leadership.
Iran enters the current confrontation with a large domestic market, substantial productive capacity, enormous energy resources and deeply established commercial relationships extending across neighboring countries and wider Eurasian markets.
The World Bank describes Iran as relatively diversified for an oil-exporting economy, with substantial manufacturing, agricultural and service activity supported by a large population and significant domestic consumption.
That domestic market sustains production across food, pharmaceuticals, construction materials, steel, petrochemicals, machinery and consumer goods, meaning Iranian production does not depend entirely upon continuous access to Western consumers.
Iran has also developed major industrial capabilities suited to its own resources and infrastructure, including steel, refining, petrochemicals, cement, power generation, construction, food processing and pharmaceutical manufacturing.
These capabilities have continued developing despite restrictions on Western investment and technology, demonstrating that Iranian industrial activity does not depend upon permanent participation by Western companies.
Iran’s prolonged exposure to sanctions has produced accumulated technical and commercial knowledge, giving Iranian companies decades of experience managing restricted supply chains and unreliable access to foreign suppliers.
When foreign manufacturers withdraw, Iranian companies have learned to redesign equipment, substitute components, develop domestic suppliers and cooperate with businesses from countries willing to maintain commercial relationships.
Academic research has documented this process, showing that sanctions can simultaneously restrict foreign technology while encouraging domestic technological development and adaptation within affected Iranian industrial sectors.
The resulting knowledge extends beyond individual companies, because engineers, technicians, procurement specialists and managers have accumulated practical experience managing shortages, substitution and alternative sourcing.
Iranian manufacturers therefore do not design procurement systems around the assumption that every international supplier will remain available indefinitely, making adaptation part of ordinary commercial planning.
Iran’s geography provides another economic advantage, because the country borders Turkey, Iraq, Armenia, Azerbaijan, Turkmenistan, Afghanistan and Pakistan while possessing coastlines reaching the Persian Gulf and the Sea of Oman.
Those borders connect Iranian commerce with the Caucasus, Central Asia, South Asia, the Persian Gulf, Turkey and Iraq, while transportation corridors also connect Iran with Russia and wider Eurasian markets.
Financial sanctions can make transactions more difficult, but they cannot physically relocate Iran or eliminate its access to neighboring markets, suppliers, transportation routes and established regional trading relationships.
Iran has consequently developed commercial links involving Iraq, Turkey, the United Arab Emirates, Afghanistan, Pakistan, the Caucasus, Central Asia and China through years of sustained economic interaction.
The World Bank has documented Iran’s increasing trade orientation toward neighboring countries and China as sanctions restricted conventional international relationships, making this regional pivot an established economic feature.
China adds another dimension because it combines enormous industrial capacity with sustained demand for Iranian energy while supplying machinery, manufactured products and industrial inputs required throughout Iran’s domestic economy.
The US-China Economic and Security Review Commission identifies China as Iran’s largest trading partner and estimates that China imported approximately 1.4 million barrels of Iranian crude daily during 2025.
Chinese independent refiners have continued purchasing Iranian crude through commercial arrangements designed to reduce their exposure to American financial restrictions and sanctions enforcement.
That relationship demonstrates why Iran does not require unrestricted access to every Western market when Chinese demand and extensive regional commerce provide alternative markets for Iranian commodities.
Iran’s energy resources provide enormous economic depth, with the World Bank ranking the country second globally in proven natural-gas reserves and fourth globally in proven crude-oil reserves.
Those resources provide export potential while also supplying abundant domestic energy and petrochemical feedstocks supporting manufacturing, electricity generation, transportation and numerous energy-intensive industrial activities.
Iran has consequently developed a substantial downstream economy converting hydrocarbons into refined products, petrochemicals and industrial inputs rather than depending exclusively upon crude-oil exports.
The World Bank has noted that sanctions encouraged additional processing of hydrocarbons into petrochemicals, illustrating how restrictions contributed to changes within Iran’s export structure.
Iran has also developed financial mechanisms outside conventional Western banking, including bilateral currency arrangements, exchange houses, barter, intermediary companies and indirect settlement channels supporting international commercial activity.
The World Bank has documented growing use of bilateral currency exchange, barter and indirect payment mechanisms as Iranian trade shifted increasingly toward neighboring countries and China.
These arrangements provide alternative methods for exchanging value when conventional dollar-based transactions become unavailable or prohibitively difficult.
Their existence helps explain why Washington increasingly targets third-country banks, intermediaries and commercial facilitators, because Iranian commerce extends through extensive international networks beyond domestic financial institutions.
Against this background, Bessent’s prediction assumes that eliminating a major source of oil revenue would effectively remove the broader economic foundations supporting Iran’s productive system and commercial institutions.
Iran’s economic structure is considerably broader, because oil exports represent one component of national activity alongside manufacturing, agriculture, services, domestic consumption and regional commerce.
The World Bank estimates that Iran’s economy contracted during the Iranian year ending March 2026, while simultaneously describing adaptation through changing trade patterns and alternative payment mechanisms.
Economic contraction, however, is fundamentally different from the disappearance of productive capacity, infrastructure, commercial institutions and domestic relationships sustaining millions of Iranian consumers and businesses.
American sanctions have repeatedly targeted Iranian banking, oil exports, investment, technology, shipping and foreign companies, yet Iran has retained its industrial base and redirected substantial trade toward neighboring countries.
Washington possesses powerful financial tools, but financial restrictions cannot physically eliminate Iran’s factories, oilfields, farms, engineers, consumers, ports, borders or commercial relationships accumulated over decades.
The central question is therefore whether American pressure can erase the productive, geographical, resource and commercial foundations Iran has accumulated across nearly half a century of economic adaptation.
Nothing in Iran’s economic history demonstrates that those foundations can disappear within two weeks, particularly while the country retains domestic production, regional markets, energy resources and established commercial relationships.
Iran therefore enters the present confrontation with domestic capabilities, energy resources, industrial capacity, geographic advantages and international relationships capable of keeping its economy operating despite intensified American terrorism.
Space is becoming an increasingly contested domain as major powers expand military capabilities, satellite infrastructure, and counterspace systems, while the U.S. Golden Dome initiative reshapes strategic stability and raises new questions about the future of space governance. On 14th September 2026, US Secretary of the Air Force Troy Meink confirmed that the US has “on-orbit” […]
The United States has new powers to increase economic pressure on Russia, but their impact will depend on whether the Trump administration uses them consistently and makes clear what it wants Moscow and other governments to do, former US diplomat Daniel Fried told RFE/RL.
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