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Putin and Xi used a Beijing summit to press a joint push for a “multipolar world,” signing a declaration and extending nearly all-important cooperation documents. Highlights include: - A joint declaration on building a multipolar world, signaling defiance toward U.S. influence. - 20 agreements signed in Xi-Putin presence, with another 20 to be announced separately. - Putin and Xi touted deeper bilateral cooperation and a model partnership for major powers, with warnings abou
2026-05-24Russia cuts 2026 growth forecast as wartime spending and weaker oil revenues weigh on the economy. Key points: - GDP growth forecast for 2026 slashed to 0.4% from 1.3%, signaling a prolonged slowdown. - First-quarter economy contracted 0.3%; inflation remains elevated. - Government bases forecast on conservative oil-price assumptions ($59/barrel in 2026, $50/barrel 2027–2029), aiming to curb spending amid falling revenues. - Any extra energy income would be funneled into the
2026-05-24Putin and Xi met in Beijing on May 20, 2026, signing about 40 documents aimed at deepening multipolar international relations and China–Russia cooperation. Key outcomes: - No firm date or pricing for the Power of Siberia 2 gas pipeline; basic route and construction parameters discussed, but timeline remains unresolved. - Russia and China reiterated calls to address the root causes of the Ukraine crisis; China’s stance described as objective and impartial. - reaffirmed opposit
2026-05-24- Lithuania’s Foreign Minister Kestutis Budrys said NATO could “level” Kaliningrad’s air defense and missile bases if needed, a remark that drew strong condemnations from Russia as “madness” and “suicidal paranoia.” - Budrys also warned of vulnerabilities in Lithuania’s air defense against Russian and Ukrainian drones, noted the absence of long-range defense and the increased risk of incidents since the Russia–Ukraine war, and affirmed faith in Article 5 and allied support, w
2026-05-24Summary: - Putin’s China visit underscored a strong Russia–China relationship, with over 20 cooperation agreements across trade, tech, and security, but no breakthrough on the Power of Siberia 2 gas pipeline. - Analysts view the trip as high on symbolism and strategic signaling, reinforcing multipolar world views and close, autonomous foreign policies for both nations. - The talks highlighted a shared stance against U.S. unilateralism, and Xi Jinping explicitly criticized Wes
2026-05-24