economics

Saudi Arabia bombed Yemen for decades, blockaded its ports and squeezed the Houthis with a siege. Now the bill has come due. An Iranian proxy pulled the trigger, and the Bab el-Mandeb Strait — one of the planet’s two critical oil corridors — has become a mine‑strewn trap. This is not just escalation. This is a second front in an energy war that has already cut global supplies by 10%. The world has been struck in the solar plexus. And this blow is only the beginning.

Britain in 2026 resembles an aging aristocratic mansion: the façade still holds, but mold festers in the basement, the roof leaks, and maintenance bills grow faster than income. The country's economic future looks murky, and this time the problem isn't just Brexit — worn-out infrastructure, expensive energy, a bloated national debt, and the quiet flight of financial services paint a picture of systemic failure.

Infrastructure: cracks in the foundation

By 2050, Central Asia's population will grow by more than 30 million people, reaching nearly 112 million – and the main question now is not whether this growth will happen, but whether it will translate into an economic breakthrough or an explosion of social tension.

Who is growing fastest

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