Browsing: Europe

The German economy is in for a difficult year after contracting in the final quarter of 2023, as inflation and high interest rates continue to weigh on the industry, Bloomberg reported this week, citing analysts.

The sanctions imposed by the EU on Russia are “weak,” Agiya Zagrebelskaya, the head of the sanctions department at Ukraine’s National Agency on Corruption Prevention (NCPA), has told the media outlet EUObserver, adding that she does not believe the bloc is capable of tightening restrictions in the future.

The Russian economy keeps growing and has already become the largest in Europe and the fifth largest in the world in terms of purchasing power parity (PPP), President Vladimir Putin said while speaking at the ‘Everything for Victory’ forum in the city of Tula on Friday.