Foreign relations of Russia
White House Budget Director Shalanda Young cautioned congressional leaders about dwindling funds for Ukraine in a letter to House Republican Speaker Mike Johnson. The allocated money for Ukraine assistance requested in October, around $106 billion, remains pending in the Republican-controlled House of Representatives.
President Vladimir Putin signed a decree on Nov. 8 offering a way for Russian investors to "swap" their frozen assets abroad with the frozen assets of foreign companies in Russia.
Since the conflict in Ukraine, Western countries have introduced a barrage of sanctions against Moscow, blocking its banks from making international payments and freezing Russian assets abroad.
The Kremlin earned about 1 billion euros from the European derogation allowing Bulgaria to continue importing Russian oil.
Politico reports this, citing a joint investigation. It is the work of the non-governmental organization Global Witness, the Center for the Study of Democracy, the Center for Energy and Clean Air Research and the journalist Victor Jack.
Greece's trade deficit shrank by 21% in July as imports fell more than exports in the month, the Hellenic Statistical Authority said in a report on the country's merchandise trade.
The value of imports totaled 6.721 billion euros in July, down 17% from July 2022 (excluding oil products, imports fell 3.9%, while excluding oil products and ships, imports fell 4%).
A lack of leadership by countries such as Germany and France and narrow industrial interests keep Europe from boosting defense cooperation as warranted by Russia's war on Ukraine, a report by the Munich Security Conference stated on Wednesday.
"The crucial capability gap in European defense is still political leadership," the Munich Security Report on European Defense said.