global economy

Canada prioritizes LNG export to replace Russian gas

Canada plans to replace Russian gas on the global market with its own domestically produced natural gas by expanding its export capabilities, Canadian Prime Minister Mark Carney said, Ukrinform reported on May 28.

28 May, 12:42 PM

Trump calls on NATO to join sanctions push, lays out terms for action against Russia

U.S. President Donald Trump said he is prepared to impose tough sanctions on Russia — but only if all NATO member states do the same and halt purchases of Russian oil. He made the comments on Truth Social on Sept. 13.

14 September 2025, 01:30 PM

Trump says Putin made progress, but new U.S. sanctions still set for Aug. 8 deadline

U.S. President Donald Trump’s schedule remains unchanged and the secondary sanctions he had warned about will be imposed on Aug. 8, The New York Times reported on Aug. 6, citing a White House official who spoke on condition of anonymity.

7 August 2025, 02:25 PM

Indian refineries await government orders on Russian oil imports after new U.S. tariffs

Indian oil refineries are awaiting government instructions on whether to continue importing Russian oil after the United States imposed an additional 25% tariff on imports from India, Reuters reported on Aug. 6, citing unnamed sources.

7 August 2025, 10:15 AM

‘That wouldn’t be so bad’: Trump says Putin could stop the war if oil drops $10 more

U.S. President Donald Trump said Russian dictator Vladimir Putin could end the war in Ukraine if global oil prices fall by another $10 per barrel, according to an interview with CNBC published Aug. 5.

5 August 2025, 08:53 PM

Bad news for the Kremlin: IMF raises global outlook, slashes Russia’s growth forecast

The International Monetary Fund has raised its global growth forecast to 3% for 2025 and 3.1% for 2026 — an upward revision of 0.2 and 0.1 percentage points, respectively, from its April projections. The updated figures appear in the IMF’s latest World Economic Outlook published on the Fund’s website.

30 July 2025, 12:15 PM

UN says Russian aggression against Ukraine sparked global food price shock

Russia’s full-scale invasion of Ukraine has sparked a global food crisis, triggered mass displacement, and severely hindered progress toward the UN’s Sustainable Development Goals, according to Bob Rae, Canada’s permanent representative to the UN and current president of the United Nations Economic and Social Council (ECOSOC), as reported by Ukrinform on July 16.

16 July 2025, 11:41 AM

Russia’s budget breaks as Trump’s trade war casts a long shadow

Falling oil prices are squeezing the already slowing economy of aggressor state Russia and threatening to cut its military budget, The Wall Street Journal reported on April 20, analyzing the indirect impact of U.S. President Donald Trump’s trade war despite no tariffs targeting Moscow.

20 April 2025, 05:40 PM

Economist: Trump misunderstands global trade

Donald Trump’s sweeping new tariff war isn’t going according to plan. Instead, it’s being undercut by forces he can’t control — the U.S. Treasury market. That’s the view of Ivan Kompan, a financier and founder of First Kyiv Investment Club, who broke down the market's reaction in a column for NV Business.

12 April 2025, 01:35 PM

global economy