Latest news with #MoscowStateUniversity
Time of India
2 days ago
- Business
- Time of India
As Trump mulls sanctions, Russia's military economy slows
Live Events Oil reliance Trump factor (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel After three years of doom-defying growth, Russia's heavily militarised economy is slowing, facing a widening budget deficit and weak oil prices, all under the threat of more Western spending on guns, tanks, drones, missiles and soldiers for the Ukraine campaign helped ensure Moscow bucked predictions of economic collapse after it launched its offensive in as Kyiv's most important backers head Sunday to Canada for the G7, where US President Donald Trump will face pressure to hit Russia with fresh sanctions, the Kremlin's run of economic fortune is showing signs of fatigue."It is no longer possible to pull the economy along by the military-industrial complex alone," Natalia Zubarevich, an economist at Moscow State University, told spending has jumped 60 percent since before the offensive, with military outlays now at nine percent of GDP, according to President Vladimir Putin."Almost every other sector is showing zero or even negative growth," said economy expanded 1.4 percent on an annualised basis in the first quarter -- down from 4.1 percent in 2024 to its lowest reading in two central bank predicts growth of no more than 1-2 percent this economy "is simply running out of steam", Alexandra Prokopenko, a former central bank advisor and now analyst based outside Russia, wrote in a recent who has revelled in Russia's strong performance, has brushed off concerns."We do not need such growth," he said at the end of last year, when the slowdown expansion risked creating "imbalances in the economy, that could cause us harm in the long run", he among those imbalances has been rapid inflation, running at around 10 Central Bank last week nudged interest rates down from a two-decade-high saying price rises were those high borrowing costs -- combined with falling oil prices -- are the main factors behind the slowdown, economist Anton Tabakh told Urals blend of crude oil sold for an average of $52 a barrel in May, down from $68 in January -- a big reduction in energy revenues, which make up more than a quarter of government this year has raised taxes on businesses and high earners, essentially forcing them to stump up more for the Ukraine the new income "only covers the shortfall in oil sales", said tighter finances, Russia's parliament was this week forced to amend state spending plans for 2025. It now expects a budget deficit of 1.7 percent of GDP -- three times higher than initially President Volodymyr Zelensky is urging Trump to whack a fresh set of economic sanctions on Moscow as punishment for rejecting ceasefire calls and continuing with its deadly bombardments of Ukrainian cities."Russia doesn't really care about such human losses. What they do worry about are harsh sanctions," Zelensky said Thursday."That's what really threatens them -- because it could cut off their funding for war and force them to seek peace," he intentions are has publicly mulled both hitting Moscow with new sanctions and removing some of the measures already in US senators, including Republicans, have proposed hitting countries that buy Russian oil with massive tariffs, to try to dent the flow of billions of dollars to Moscow from the likes of China and Moscow, officials flip between blasting sanctions as an "illegal" attack on Russia and brushing them off as an ineffective tool that has backfired on Europe and the United has also talked up its ability to continue fighting for years -- whatever the West does -- and has geared its economy to serving the still has the cash to wage its conflict "for a long time", Zubarevich said."Through 2025 definitely. 2026 will be a bit tougher but they will cut other expenses. This (military) spending will stay."
Yahoo
2 days ago
- Business
- Yahoo
As Trump mulls sanctions, Russia's military economy slows
After three years of doom-defying growth, Russia's heavily militarised economy is slowing, facing a widening budget deficit and weak oil prices, all under the threat of more Western sanctions. Huge spending on guns, tanks, drones, missiles and soldiers for the Ukraine campaign helped ensure Moscow bucked predictions of economic collapse after it launched its offensive in 2022. But as Kyiv's most important backers head Sunday to Canada for the G7, where US President Donald Trump will face pressure to hit Russia with fresh sanctions, the Kremlin's run of economic fortune is showing signs of fatigue. "It is no longer possible to pull the economy along by the military-industrial complex alone," Natalia Zubarevich, an economist at Moscow State University, told AFP. Government spending has jumped 60 percent since before the offensive, with military outlays now at nine percent of GDP, according to President Vladimir Putin. "Almost every other sector is showing zero or even negative growth," said Zubarevich. Russia's economy expanded 1.4 percent on an annualised basis in the first quarter -- down from 4.1 percent in 2024 to its lowest reading in two years. The central bank predicts growth of no more than 1-2 percent this year. Russia's economy "is simply running out of steam", Alexandra Prokopenko, a former central bank advisor and now analyst based outside Russia, wrote in a recent note. - Oil reliance - Putin, who has revelled in Russia's strong performance, has brushed off concerns. "We do not need such growth," he said at the end of last year, when the slowdown started. Rapid expansion risked creating "imbalances in the economy, that could cause us harm in the long run", he said. Top among those imbalances has been rapid inflation, running at around 10 percent. The Central Bank last week nudged interest rates down from a two-decade-high saying price rises were moderating. But those high borrowing costs -- combined with falling oil prices -- are the main factors behind the slowdown, economist Anton Tabakh told AFP. Russia's Urals blend of crude oil sold for an average of $52 a barrel in May, down from $68 in January -- a big reduction in energy revenues, which make up more than a quarter of government income. Russia this year has raised taxes on businesses and high earners, essentially forcing them to stump up more for the Ukraine offensive. But the new income "only covers the shortfall in oil sales", said Zubarevich. With tighter finances, Russia's parliament was this week forced to amend state spending plans for 2025. It now expects a budget deficit of 1.7 percent of GDP -- three times higher than initially predicted. - Trump factor - Ukrainian President Volodymyr Zelensky is urging Trump to whack a fresh set of economic sanctions on Moscow as punishment for rejecting ceasefire calls and continuing with its deadly bombardments of Ukrainian cities. "Russia doesn't really care about such human losses. What they do worry about are harsh sanctions," Zelensky said Thursday. "That's what really threatens them –- because it could cut off their funding for war and force them to seek peace," he added. Trump's intentions are unclear. He has publicly mulled both hitting Moscow with new sanctions and removing some of the measures already in place. Some US senators, including Republicans, have proposed hitting countries that buy Russian oil with massive tariffs, to try to dent the flow of billions of dollars to Moscow from the likes of China and India. In Moscow, officials flip between blasting sanctions as an "illegal" attack on Russia and brushing them off as an ineffective tool that has backfired on Europe and the United States. Russia has also talked up its ability to continue fighting for years -- whatever the West does -- and has geared its economy to serving the military. Moscow still has the cash to wage its conflict "for a long time", Zubarevich said. "Through 2025 definitely. 2026 will be a bit tougher but they will cut other expenses. This (military) spending will stay." bur/phz
France 24
2 days ago
- Business
- France 24
As Trump mulls sanctions, Russia's military economy slows
Huge spending on guns, tanks, drones, missiles and soldiers for the Ukraine campaign helped ensure Moscow bucked predictions of economic collapse after it launched its offensive in 2022. But as Kyiv's most important backers head Sunday to Canada for the G7, where US President Donald Trump will face pressure to hit Russia with fresh sanctions, the Kremlin's run of economic fortune is showing signs of fatigue. "It is no longer possible to pull the economy along by the military-industrial complex alone," Natalia Zubarevich, an economist at Moscow State University, told AFP. Government spending has jumped 60 percent since before the offensive, with military outlays now at nine percent of GDP, according to President Vladimir Putin. "Almost every other sector is showing zero or even negative growth," said Zubarevich. Russia's economy expanded 1.4 percent on an annualised basis in the first quarter -- down from 4.1 percent in 2024 to its lowest reading in two years. The central bank predicts growth of no more than 1-2 percent this year. Russia's economy "is simply running out of steam", Alexandra Prokopenko, a former central bank advisor and now analyst based outside Russia, wrote in a recent note. Oil reliance Putin, who has revelled in Russia's strong performance, has brushed off concerns. "We do not need such growth," he said at the end of last year, when the slowdown started. Rapid expansion risked creating "imbalances in the economy, that could cause us harm in the long run", he said. Top among those imbalances has been rapid inflation, running at around 10 percent. The Central Bank last week nudged interest rates down from a two-decade-high saying price rises were moderating. But those high borrowing costs -- combined with falling oil prices -- are the main factors behind the slowdown, economist Anton Tabakh told AFP. Russia's Urals blend of crude oil sold for an average of $52 a barrel in May, down from $68 in January -- a big reduction in energy revenues, which make up more than a quarter of government income. Russia this year has raised taxes on businesses and high earners, essentially forcing them to stump up more for the Ukraine offensive. But the new income "only covers the shortfall in oil sales", said Zubarevich. With tighter finances, Russia's parliament was this week forced to amend state spending plans for 2025. It now expects a budget deficit of 1.7 percent of GDP -- three times higher than initially predicted. Trump factor Ukrainian President Volodymyr Zelensky is urging Trump to whack a fresh set of economic sanctions on Moscow as punishment for rejecting ceasefire calls and continuing with its deadly bombardments of Ukrainian cities. "Russia doesn't really care about such human losses. What they do worry about are harsh sanctions," Zelensky said Thursday. "That's what really threatens them –- because it could cut off their funding for war and force them to seek peace," he added. Trump's intentions are unclear. He has publicly mulled both hitting Moscow with new sanctions and removing some of the measures already in place. Some US senators, including Republicans, have proposed hitting countries that buy Russian oil with massive tariffs, to try to dent the flow of billions of dollars to Moscow from the likes of China and India. In Moscow, officials flip between blasting sanctions as an "illegal" attack on Russia and brushing them off as an ineffective tool that has backfired on Europe and the United States. Russia has also talked up its ability to continue fighting for years -- whatever the West does -- and has geared its economy to serving the military. Moscow still has the cash to wage its conflict "for a long time", Zubarevich said. "Through 2025 definitely. 2026 will be a bit tougher but they will cut other expenses. This (military) spending will stay." © 2025 AFP
Time of India
2 days ago
- Science
- Time of India
Prof SI Rizvi is dean of science faculty at AU
Prayagraj: The head of the department (HoD) of Biochemistry at Allahabad University, Prof S I Rizvi, was recently appointed as the dean of the science faculty. Prof Rizvi is an internationally known scientist whose research areas include the mechanism of human aging, anti-aging interventions and metabolic diseases. Prof Rizvi was a visiting scientist/professor at many international universities including Ohio State University (US), Moscow State University (Russia), University of Rome, Milan and Pisa (Italy), University of Nice (France), Szeged University (Hungary), Athens University (Greece), and other international institutes. He is also known for his fiction writing and short stories. He has published four short story books. tnn Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Hindustan Times
05-05-2025
- Entertainment
- Hindustan Times
World's biggest concert by female musician saw a bomb threat, 2.5 million fans; 25X Taylor Swift, Rihanna's biggest gigs
The Copacabana Beach in Brazil is not what one thinks of when they say music concerts. Yet, for over three decades, the sprawling beach has hosted the world's largest musical gigs. From The Rolling Stones playing to 1.5 million screaming fans in 2006 to Madonna cramming in 1.6 million there during her 2024 Celebrations Tour, the beach has been home to the world's most-attended concerts. This weekend, it was at Copacabana that the record for most attended concert with a female performer broke. On Saturday, May 3, Lady Gaga performed at the Copacabana Beach. Part of the singer's ongoing tour to promote her album, Mayhem, the concert was titled Mayhem at the Beach. To top it all, it was a free concert with no passes and tickets. Naturally, fans flocked to the iconic beach to catch a glimpse of the singer. Billboard reported that an estimated 2.5 million fans attended the concert, which not only broke the record for the biggest concert by a woman performer, but also set a new record for the most-attended free concert ever. There have only been three bigger concerts. Rod Stewart drew 3.5 million fans at Copacabana on New Year's Eve 1994, while Jorge Ben had played to 3 million a year before at the same venue. In 1997, Jean-Michel Jarre performed to 3.5 million fans in Moscow State University as part of the city's 850th anniversary. All these concerts were ticketed to some extent. 2.5 million fans in front of one stage is a phenomenal number. Lady Gaga's concert dwarfs even the biggest musical superstars of the generation. The attendance here is 25 times the highest attendance of any gig performed by Taylor Swift or Rihanna. For comparison, Rihanna's two-night concert stand at Twickenham Stadium in London during her European leg of the Diamonds World Tour in 2013 was her biggest, with 95,971 attendees. Similarly, Taylor Swift's biggest concert, in terms of crowd size, was her performance at the Melbourne Cricket Ground (MCG) during her Eras Tour in Australia in 2024, where she played to an estimated 96,000 fans. Brazilian police said Sunday that they intercepted a plot to set off explosives at a free Lady Gaga concert that drew more than 2 million people to Rio de Janeiro's Copacabana beach this weekend. Police said they arrested two people in connection with the alleged scheme, which included detonating homemade explosives and Molotov cocktails with the aim of 'gaining notoriety on social media,' according to a news release from Rio de Janeiro's state police. The alleged leader of the group — which promoted violent online content and hate speech against the LGBTQ community — was arrested on illegal weapons possession charges in the southern state of Rio Grande do Sul, and a teenager was booked on child pornography charges in Rio, authorities said. The singer, however, stayed oblivious to this drama, reports added. 'Tonight, we're making history,' Gaga, the 'Mother Monster,' told the tightly packed crowd. 'Thank you for making history with me,' she told fans from the stage. (With Bloomberg inputs)
