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"..federal budget revenues contracted by 10 % y-o-y in January-February. Revenue growth was hit particularly hard by a sharp drop in oil & gas revenues, which were down by nearly 50 % for the two-month period. Much of the decline was due to plunging export prices for Russian oil."

If I was Qatar, I’d probably ask for my $400m jet back.

Something might be happening.....energynews.africa/2024/09/10/miga-isa-sola...

Agreed...Solar will come to Africa....when investors wake up....? Who will lead the way?

Russia February PMIs
Manufacturing 49.5 (was 49.4)
Services 51.3 (53.1)
Composite output index 50.8 (52.1)

The burst of service activity is now disappearing? Manufacturing has been in contraction territory for an year.

Renewable Energy and National Security The wind and the sun don’t need to transit the Strait of Hormuz

A favorite economist of mine sounding like a favorite climate activist @billmckibben.bsky.social paulkrugman.substack.com/p/renewable-...

Yup, though many poorer countries are locked into fossil fuels, while having tremendous renewables potential. For more: our @unu-wider.bsky.social open access book global.oup.com/academic/pro...

Great piece on Trump’s tariffs after the Supreme Court ruling by @pkrugman.bsky.social 👍

🙄

🙄🇺🇸

🇬🇧Brexit👇

🙄

Many pitfalls in processing: success stories but also many failures. Discussed in our (open access) @unu-wider.bsky.social OUP book 👇 global.oup.com/academic/pro...

🇬🇧Brexit👇

How Russia’s fatalities compare with Ukraine’s After four years of fighting, our modelling reveals a grim toll

So, maybe 400k Russians killed. About 650k have moved aboard during the past four years. Inward migration lower than before. (End-2025 ~4m legal migrant workers, 2015 it was 7m.)🇷🇺

Total labor force ~76m.
How Russia’s fatalities compare with Ukraine’s
economist.com/graphic-deta...

Great piece on Trump’s tariffs after the Supreme Court ruling by @pkrugman.bsky.social 👍

The European Union Hits Pause on Its U.S. Trade Deal

🧀🇺🇸🇪🇺
“US importers already paid 15% tariffs on Parmesan & Camembert cheese before last year’s trade deal. Under the trade deal, cheese was capped at 15%. But now, the existing rate will be added to the new 15% levy, making for a tariff of nearly 30%” 🙄👇
www.nytimes.com/2026/02/23/w...

Recommended 👍

Trump Faces Tough Legal Landscape to Oppose Tariff Refunds The Trump administration is likely to face legal obstacles if it argues against refunds for the tariffs struck down by the US Supreme Court — thanks to statements by Justice Department lawyers.

”Govt. lawyers wrote in court filings last summer that plaintiffs whose cases went to the Supreme Court “will assuredly receive payment on their refund with interest” if they won .. trade lawyers said judges are likely to hold the administration to those promises”👇

www.bloomberg.com/news/article...

I feel your pain.

Yet having taught international trade economics 30+ years ago, I feel a spring in my step. 😊

Trump Faces Tough Legal Landscape to Oppose Tariff Refunds The Trump administration is likely to face legal obstacles if it argues against refunds for the tariffs struck down by the US Supreme Court — thanks to statements by Justice Department lawyers.

”Govt. lawyers wrote in court filings last summer that plaintiffs whose cases went to the Supreme Court “will assuredly receive payment on their refund with interest” if they won .. trade lawyers said judges are likely to hold the administration to those promises”👇

www.bloomberg.com/news/article...

Recommended 👍

Yes, hard to say which, but percentage estimates probably available. 🤔

The European Union Hits Pause on Its U.S. Trade Deal

🧀🇺🇸🇪🇺
“US importers already paid 15% tariffs on Parmesan & Camembert cheese before last year’s trade deal. Under the trade deal, cheese was capped at 15%. But now, the existing rate will be added to the new 15% levy, making for a tariff of nearly 30%” 🙄👇
www.nytimes.com/2026/02/23/w...

After the Supreme Court judgement, Trump’s tariffs face stronger headwinds. Not least, the impact on consumer prices, with affordability a top voter concern ahead of the November mid-terms. 👇🇺🇸

One reason why damage to emerging economies like Vietnam from Trump’s tariffs has been less than feared on ‘Liberation Day’ 2025.

🇺🇸How the Supreme Court decision against Trump’s IEEPA tariffs is going down with the US public (60% like the court’s decision)👇

One reason why damage to emerging economies like Vietnam from Trump’s tariffs has been less than feared on ‘Liberation Day’ 2025.

After the Supreme Court judgement, Trump’s tariffs face stronger headwinds. Not least, the impact on consumer prices, with affordability a top voter concern ahead of the November mid-terms. 👇🇺🇸