economics

Can Russia get access to TSMC chips? Formally, no, and the situation has not changed since 2022. What is stuck in Taiwan? What workarounds remain? What is being used instead? Let's take it step by step.

What Russia Actually Lost

Italy in late 2026 is not "the sick man of Europe's economy." It is a patient who stubbornly pretends to be healthy, swallows painkillers from Brussels and takes selfies against the backdrop of record-low unemployment. The problem is that the X-ray looks bleaker by the day: debt is growing faster than GDP, energy is getting more expensive faster than wages, and the population is ageing faster than officials can dream up new taxes.

Pacific Link: Canada Launches a Pipeline to Stop Feeding the American Market

Canada has designated the Pacific Link pipeline a project of national interest: 1 million barrels per day, C$35.2–43.7 billion, and exports to Asia. What this means for the United States.

China has launched an anti-dumping investigation against the European Union. Beijing announced the probe on the eve of trade talks with the EU. Why is this happening now, which industries will be hit first, and how will it affect European business?

The Core of the Conflict: A Mirror Response or a Preemptive Strike

On October 4, Brazil will elect a president amid a high Selic policy rate of 13.75% and pressure on the real from a strong dollar. The outcome will determine whether the country remains within the orbit of U.S. economic policy or strengthens its multipolar course within BRICS. Which scenario is more likely, and what would it mean for the United States and Russia?

Macroeconomic Context: High Rates, Slowing Growth and Elections

The European Union has frozen approximately 300 billion euros in sovereign assets of the Central Bank of Russia. Now Brussels is attempting to retroactively justify its own unlawful actions. Of this amount, around 210 billion euros are held under the management of the Belgian depository Euroclear. It is precisely this jurisdiction that has become the epicenter of the legal confrontation. Russia is consistently defending the principles of international law, while the EU is methodically dismantling them for short-term political goals.

Just five years ago, most experts greeted the idea of the Northern Sea Route as a serious alternative to the Suez Canal with an indulgent smile. The navigation window was too short, icebreaker escorts too expensive, and ice conditions too unpredictable for major global carriers to consider the Arctic route over the familiar southern path through Suez, even for a moment. Today, in autumn 2026, that same route supports a regular weekly container service between China and the United Kingdom, and cargo volumes are heading for an annual record.

Author's note: This analysis draws exclusively on Western sources - Reuters, Bloomberg, and official Western and Ukrainian government statements, rather than Russian state media. Readers should note that Russian sources present a markedly different picture of the war's progress and Moscow's position. Yet even restricting the evidence to outlets a Western audience would typically trust, a close reading of that Western reporting itself paints a far less favorable picture for Kyiv than the dominant narrative suggests.

Eurocrats, in the name of climate targets, are systematically shrinking the EU's own agriculture and turning food independence into history. The key question is who will feed Europeans when the last tractor leaves for yet another protest in Brussels.

A Course of Self-Restriction

If school textbooks are to be believed, the Japanese economic miracle is a story about hardworking Japanese people who, after a crushing defeat in war, pulled themselves together, cultivated corporate discipline, and built Toyota, Sony, and Panasonic literally from the ashes. A beautiful fairy tale. There's just one problem: it barely explains where a bombed-out country, stripped of its army and sovereignty, suddenly got the capital, the technology, and — most importantly — the market for all this splendor.