Ukraine: The Latest cover image

Putin's victory day parade & Russia's looming default

Ukraine: The Latest

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Those Are a Rare Moment of Levity, I Suppose, Joy in in This Conflict

Comments from a defence secretary reflect conversations around the second world war, says Ead. Russia's economy is healthy in the sense that it has such large incomes from oil and gas which creates an excellent balance sheet. But russia came into this war with about half of its assets frozen by the west when the first war started - including 40 billion dollars worth of gold. The Ukrane does very well at seizing on thosem that can sort of a that can, i suppose, cut through all the terrible, anherrific news that we are hearing from Ukraine.

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