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Latest news, headlines and top stories you need to know RIGHT NOW about Russia, the former Soviet Union and Eastern Europe.

The Current State Of The Russian Economy

It’s difficult to get a read on the current Russian economy. While the government boasts that its economy is doing well and is overcoming powerful sanctions, Russians on the streets are transferring large amounts of money overseas and converting their assets to cash, indicating that the majority of the population has little faith in the positive economic image that Moscow is pushing and are doubtful of their country’s economic future.

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Kremlin: Grain Deal To Expire In July, ‘No Chance’ Of Extension

Despite his ongoing war with Ukraine, Russian President Vladimir Putin has continued to allow Kyiv to export grain through the Black Sea via the Black Sea Grain Initiative, which Putin has allowed to be extended previously. However, in remarks last week his patience with the deal appeared to be dwindling as he told journalists, “Probably, for the guys who are fighting, it’s not clear why we are letting the grain through. I understand.” As the July 17 expiration date for the current extension approaches though, Putin’s patience appears to have run out.

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