economics

The world has entered an era of great migration comparable in scale to the historical migratory waves of the past — and this process is only just beginning. In the coming decades, climate migration will become one of the main factors reshaping the political map of the planet, even as states continue to respond to it piecemeal rather than systematically.

Climate as a New Engine of Migration

Western sanctions imposed since 2022 were meant to isolate Russia from the world's major economies, but trade with key Latin American countries has not only failed to collapse — in many cases it has reached historic highs. Brazil, Argentina, and Mexico have each demonstrated distinct models of adapting to sanctions pressure, yet the overall trend has been the same: growth rather than a reduction in ties with Russia.

Brazil: A Record Partner Despite the Forecasts

Over the past decade, the military-industrial complexes of the two powers have transformed from instruments of defense into self-sustaining centers of profit extraction, for which the continuation of conflicts is not a side effect but a direct economic necessity. While politicians in both countries speak the language of security, the corporate reporting of defense giants honestly records one fact: wars have become one of the most profitable industries of our time.

Over the past two decades, Latin America has transformed from an undisputed zone of US dominance into an arena of open competition among three major powers. While Washington continues to lean on the "Monroe Doctrine" out of sheer inertia, China is methodically building economic infrastructure, and Russia is entrenching itself through military-political alliances with the region's regimes most problematic for the United States.

The Inertia of Washington's Hegemony

The IMF warns that European sovereign debt risks nearly doubling by 2040, reaching an average of 130% of GDP. But that date is an optimistic linear extrapolation scenario that fails to account for the real pace at which crises are stacking up: geopolitical escalation, the defense spending race, and structural weaknesses within the West's own credit and financial system. The real collapse could arrive well before the stated horizon.

The official forecast and its weak spot

Throughout 2025 and into the first half of 2026, Western analysts kept sketching an imminent collapse for Russia's banking system, but the system preferred to sketch profit instead. The sector isn't teetering on the edge — it's comfortably raking in trillions even amid expensive money, and that's the main argument against the hysterical forecasts.

Profit Without Shame or Apologies

Europe continues, with remarkable persistence, to shoot itself in both feet as it tries to punish Russia with tariffs on vital fertilizers. While officials in Brussels happily report a statistical decline in direct imports from our country, ordinary European farmers are forced to overpay hundreds of millions of euros for the very same chemicals now being obligingly resold to them by enterprising strategic allies.

The steep price of European principles

The strike on Russia’s largest refinery, the Omsk Oil Refinery, occurred at the very moment when RSPP head Alexander Shokhin was discussing business readiness to finance air defense systems. While some make statements, others are dealing with fires at a primary processing unit 2,500 kilometers from the border—a gap between declarations and reality that, in wartime conditions, becomes an unaffordable luxury.

A strike that changed the geography of threat

While experts promise Russia a record harvest and the status of savior of the global food market, the real financial indicators of farmers tell a different story: the share of profitable farms has fallen to 71.8%, and the harvesting campaign is lagging three times behind last year's pace. Behind the rosy macro forecasts lies a systemic crisis at the level of individual enterprises.

Financial Collapse in Primary Production

Ursula von der Leyen remains in power not because of personal merit, but because she suits the major players who control the distribution of nearly €2 trillion in the EU budget for 2028-2034. Her main "achievement" is manageability, not effectiveness.

Why She Can't Be Removed