Russia's War Economy: Sanctions, Inflation, and a Ruble in Crisis
Russia's economy is severely impacted by the war in Ukraine and Western sanctions, showing a devalued ruble, reduced oil and gas revenues, high military spending (29% of the budget), and high inflation (projected at 26%), despite a 21% interest rate.
Russia's War Economy: Sanctions, Inflation, and a Ruble in Crisis
Russia's economy is severely impacted by the war in Ukraine and Western sanctions, showing a devalued ruble, reduced oil and gas revenues, high military spending (29% of the budget), and high inflation (projected at 26%), despite a 21% interest rate.
Progress
32% Bias Score
Global Arms Sales Rise Despite US Manufacturers' Revenue Dip
The global arms trade increased by 4.2 percent in 2023, reaching $632 billion, but the two largest US manufacturers, Lockheed Martin and RTX, saw a decrease in revenue, while Russia's Rostec saw a massive 49 percent increase.
Global Arms Sales Rise Despite US Manufacturers' Revenue Dip
The global arms trade increased by 4.2 percent in 2023, reaching $632 billion, but the two largest US manufacturers, Lockheed Martin and RTX, saw a decrease in revenue, while Russia's Rostec saw a massive 49 percent increase.
Progress
36% Bias Score
Germany to Modernize and Expand Taurus Missile Arsenal
Germany will spend €829.8 million to modernize 479 Taurus missiles and an additional €2.1 billion to purchase 600 new Taurus Neo missiles by 2029, significantly increasing its missile arsenal and expanding the MBDA plant in Schrobenhausen to include Patriot missile production.
Germany to Modernize and Expand Taurus Missile Arsenal
Germany will spend €829.8 million to modernize 479 Taurus missiles and an additional €2.1 billion to purchase 600 new Taurus Neo missiles by 2029, significantly increasing its missile arsenal and expanding the MBDA plant in Schrobenhausen to include Patriot missile production.
Progress
40% Bias Score
Russia's Record \$126 Billion Defense Budget Amid Ukraine War
Russia approved a record \$126 billion defense budget for 2025, comprising 32.5% of government spending, due to the costly war in Ukraine, exceeding this year's by \$28 billion, while slightly decreasing in 2026 and 2027.
Russia's Record \$126 Billion Defense Budget Amid Ukraine War
Russia approved a record \$126 billion defense budget for 2025, comprising 32.5% of government spending, due to the costly war in Ukraine, exceeding this year's by \$28 billion, while slightly decreasing in 2026 and 2027.
Progress
36% Bias Score
Global Arms Sales Surge to $632 Billion Amidst Ukraine, Gaza, and East Asia Conflicts
The global arms industry's revenue increased by 4.2% to $632 billion in 2023, primarily due to the Ukraine and Gaza wars and rising East Asian tensions; Russian arms sales surged by 40%, while some European manufacturers also experienced significant growth, but others declined.
Global Arms Sales Surge to $632 Billion Amidst Ukraine, Gaza, and East Asia Conflicts
The global arms industry's revenue increased by 4.2% to $632 billion in 2023, primarily due to the Ukraine and Gaza wars and rising East Asian tensions; Russian arms sales surged by 40%, while some European manufacturers also experienced significant growth, but others declined.
Progress
36% Bias Score
Global Arms Sales Rise 4.2% in 2023 Despite US Slowdown
The global arms trade grew by 4.2% in 2023 to $632 billion, led by smaller companies and a significant surge in Russian sales (Rostec +49%), contrasting with slight declines for leading US manufacturers (Lockheed Martin and RTX) and stagnation in Europe (excluding UK).
Global Arms Sales Rise 4.2% in 2023 Despite US Slowdown
The global arms trade grew by 4.2% in 2023 to $632 billion, led by smaller companies and a significant surge in Russian sales (Rostec +49%), contrasting with slight declines for leading US manufacturers (Lockheed Martin and RTX) and stagnation in Europe (excluding UK).
Progress
44% Bias Score
"New European Defense Fund Proposed Amidst Geopolitical Instability"
"A new European defense fund is proposed due to the Ukraine war and regional instability, replacing a previous ineffective €8 billion fund. It will rely on voluntary national contributions and bonds with governmental guarantees, potentially including non-EU members."
"New European Defense Fund Proposed Amidst Geopolitical Instability"
"A new European defense fund is proposed due to the Ukraine war and regional instability, replacing a previous ineffective €8 billion fund. It will rely on voluntary national contributions and bonds with governmental guarantees, potentially including non-EU members."
Progress
40% Bias Score
UK Army Could Be Defeated in Six Months: Veterans Minister
Veterans Minister Al Carns warns that the British Army, at its smallest since Napoleonic times, could be defeated within six months in a major conflict due to high projected casualty rates and insufficient troop replacement capacity; this has raised concerns over defense spending and military prepar...
UK Army Could Be Defeated in Six Months: Veterans Minister
Veterans Minister Al Carns warns that the British Army, at its smallest since Napoleonic times, could be defeated within six months in a major conflict due to high projected casualty rates and insufficient troop replacement capacity; this has raised concerns over defense spending and military prepar...
Progress
56% Bias Score
Global Arms Sales Surge to $632 Billion in 2023
The top 100 global arms companies generated $632 billion in revenue in 2023, a 4.2% increase, primarily due to conflicts in Gaza and Ukraine, East Asia tensions, and global military modernization; US companies dominated, but faced supply chain issues; European growth was slower.
Global Arms Sales Surge to $632 Billion in 2023
The top 100 global arms companies generated $632 billion in revenue in 2023, a 4.2% increase, primarily due to conflicts in Gaza and Ukraine, East Asia tensions, and global military modernization; US companies dominated, but faced supply chain issues; European growth was slower.
Progress
40% Bias Score
Russia's 2025 Budget: Military Spending Soars Amidst Ruble Devaluation
Russia's 2025 budget allocates over $145 billion to military spending, exceeding combined spending on education, healthcare, and the national economy; this comes amid a weakening ruble and ongoing war in Ukraine.
Russia's 2025 Budget: Military Spending Soars Amidst Ruble Devaluation
Russia's 2025 budget allocates over $145 billion to military spending, exceeding combined spending on education, healthcare, and the national economy; this comes amid a weakening ruble and ongoing war in Ukraine.
Progress
40% Bias Score
Global Arms Sales Surge to $632 Billion in 2023
Global arms sales by the top 100 producers reached $632 billion in 2023, a 4.2% increase driven by the war in Ukraine and increased demand, with Russian companies showing the largest growth (40%) and European companies overcoming supply chain issues.
Global Arms Sales Surge to $632 Billion in 2023
Global arms sales by the top 100 producers reached $632 billion in 2023, a 4.2% increase driven by the war in Ukraine and increased demand, with Russian companies showing the largest growth (40%) and European companies overcoming supply chain issues.
Progress
36% Bias Score
Global Arms Sales Surge to $632 Billion Amidst Ukraine and Gaza Conflicts
The global arms trade reached $632 billion in 2023, a 4.2% increase driven by the Ukraine war and Gaza conflict; European and US companies overcame supply chain issues to meet demand, while Russia's sales surged 40% due to increased domestic production, and Israeli arms sales hit record highs.
Global Arms Sales Surge to $632 Billion Amidst Ukraine and Gaza Conflicts
The global arms trade reached $632 billion in 2023, a 4.2% increase driven by the Ukraine war and Gaza conflict; European and US companies overcame supply chain issues to meet demand, while Russia's sales surged 40% due to increased domestic production, and Israeli arms sales hit record highs.
Progress
40% Bias Score