The May report is mostly bad news. The jump in energy and food prices were expected, nonetheless it will hit consumers hard. It seems likely that the rise in interest rates and slower growth will reverse price increases in more areas soon, notably cars, but it has not happened yet. …

Because Moscow is focused on its war in Ukraine, the European Union has hosted two meetings with the presidents of Armenia and Azerbaijan simultaneously to press for an agreement on border delimitation between the two and to exclude Russia from the talks, Russian experts say. But without Moscow which has …

Moscow grossly underestimated the economic costs of launching its war in Ukraine. Lulled by the limited sanctions that greeted its invasions of Crimea and Donbas in 2014, and a false sense of security provided by its hundreds of billions of dollars in reserves, President Vladimir Putin appears to have believed …