Major drug busts suggest Russia is becoming a hub for cocaine heading to Europe

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The Kremlin
The Kremlin in Moscow.

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Russia's war economy isn't as resilient as reports would have you believe

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Happy Friday, team. I'm Phil Rosen. This week we've seen a storm of economic data in the US. 

The alphabet soup of readings — CPI, PPI, and jobless claims — all point to cooling inflation and a softening labor market. 

In theory, that's good news for the Fed, because it suggests its policy is working. 

Russia's economy is worse than Moscow claims because military spending covers up how much the private sector is shrinking

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Vladimir Putin
Russian President Vladimir Putin delivers a speech before a ceremony celebrating Women's Day in Moscow on March 8, 2023.

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Russia's economy in 4 charts: How war, sanctions, and shifting oil flows have reshaped a world power

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Russian President Vladimir Putin gestures during a meeting with journalists after a live broadcast nationwide call-in in Moscow, Russia, April 14, 2016.

REUTERS/Maxim Shemetov

Russia's economy continues to reel as energy revenue and the ruble weaken

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Russian President Vladimir Putin
Russian President Vladimir Putin.

Mikhail Klimentyev/AP

The Russia-Ukraine war will continue into 2024 and any definitive outcome has risks, a veteran investment chief and former Moscow-based journalist says

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Good morning. I'm Phil Rosen. It's good to see you on a Saturday. 

As you could guess about a journalist, I'm always looking to speak with fascinating people with unique insights. Those conversations become all the more rewarding when I can share them here in this newsletter. 

So — who should I speak to next? Tweet me @philrosenn or email me at prosen@insider.com with suggestions. 

A veteran investment chief and former Moscow reporter says markets are pricing in at least another year of Russia's war in Ukraine

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Two Ukrainian men visit the grave of a Ukrainian soldier at the cemetery of fallen soldiers in Kharkiv, Ukraine on February 20, 2023

Anadolu Agency / Getty

The West hits Russia with fresh sanctions and raises tariffs on key commodities a year after the invasion of Ukraine

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A Russian armored personnel carrier is driven on a street in Sevastopol, Ukraine’s Black Sea Port that hosts a major Russian navy base Tuesday, Feb. 25, 2014. Tensions were building up in the Crimea, where ethnic Russians who make the majority of the local population are deeply suspicious of the new Ukrainian authorities who replaced fugitive Russia-backed President Viktor Yanukovych.

AP Photo/Andrew Lubimov

North Korea and Russia are ramping up trade in oil, coal and weapons as Ukraine war sanctions send Moscow to pariah state

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Russia could finance a reported weapons purchase from North Korea with oil, experts speculate

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China is ramping up Russian oil imports and Beijing could greenlight even more volumes

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Sergei Karpukhin/Reuters

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