Putin brazenly called upcoming Ukraine's Peace Summit 'a trick' for Zelenskyy's legitimisation
Category
World
Publication date

Putin brazenly called upcoming Ukraine's Peace Summit 'a trick' for Zelenskyy's legitimisation

Putin
Source:  online.ua

Before the start of the Global Summit in Switzerland, where the Ukrainian Peace Formula will be considered, the illegitimate dictator of Russia, Vladimir Putin, began to generate accusations against the President of Ukraine, Volodymyr Zelenskyi.

Points of attention

  • Putin called the Peace Summit in Switzerland a ploy to legitimize Zelenskyy and called the Ukrainian government illegitimate.
  • Putin has accused the West of trying to isolate Russia but says those efforts have failed.
  • During the Global Peace Summit, Putin boasted about BRICS expansion and expressed views on multipolarity worldwide.
  • The Russian dictator spoke about creating an indivisible security system and the collapse of the NATO security system.
  • Because of differences with the West, Putin said a unique chance to build a reliable security system had passed.

Putin falsely called the Peace Summit in Switzerland tricks to legitimise Zelenskyy

The Russian dictator once again repeats the "mantra" about the illegitimacy of the President of Ukraine.

Allegedly, the documents currently being signed in Kyiv at the state level cannot have legal force, "such contracts are null and void."

Putin blamed the West, which, in his opinion, "launched a stormy and unceremonious campaign to isolate Russia after the start of the special operation, but it obviously failed."

The bloody dictator is convinced that the conference in Switzerland regarding Ukraine is a ploy to "send the discussion on the wrong track" and to mark the legitimacy of the Kyiv authorities.

Putin boastfully announced the collapse of the NATO security system

The Russian dictator spoke about the formation of multipolarity in the world against the background of the start of the work of the Global Peace Summit regarding Ukraine, which Russia dreams of disrupting.

Putin hypocritically believes that more and more countries are striving for self-sufficiency. And the Russian Federation is interested in dialogue on the creation of an indivisible security system taking place, in particular, within the walls of the UN."

Also, the illegitimate head of Russia boasted about the expansion of BRICS, which, according to him, "will become one of the foundations of the multipolar world."

At the end of the last century, the world had a unique chance to build a reliable security system, the Russian Federation was ready for it, but the West believed differently, Putin traditionally said accusing the free world.

Category
Economics
Publication date

Musk, Zuckerberg and Bezos lead the updated ranking of the world's billionaires

billionaires
Source:  Forbes

There are more billionaires in the world than ever before, with tech executives dominating the wealthiest people.

Points of attention

  • Tech executives like Musk, Zuckerberg, and Bezos are at the top of the world's billionaires list, with their fortunes driven by the success of companies like SpaceX, Meta, and Amazon.
  • New players such as Sundar Pichai and Vikram Punia have also entered the billionaire ranks, showcasing the diversity of wealth sources in the tech and pharmaceutical industries.
  • The ranking includes notable figures like Warren Buffett, Larry Page, Sergey Brin, and Amancio Ortega, highlighting the global reach of wealth accumulation.

There are 3,028 billionaires in the world

Elon Musk has reclaimed the top spot from French luxury titan Bernard Arnault, according to Forbes magazine. The Trump adviser's net worth has risen 75% to $342 billion. His wealth has grown thanks to SpaceX and his artificial intelligence company xAI, as well as Tesla's stock rally, despite a recent slump.

Second place is occupied by Meta founder Mark Zuckerberg with a fortune of $216 billion.

He is followed by Amazon founder Jeff Bezos with a fortune of $215 billion, and in fourth place is Larry Ellison, co-founder of computer technology company Oracle, with a fortune of $192 billion.

Arnault and his family, with a fortune of $178 billion, came in fifth place. They head LVMH, which owns brands such as Louis Vuitton and Moet Hennessy.

Next comes investor Warren Buffett with a fortune of $154 billion. Google founders Larry Page with a fortune of $144 billion and Sergey Brin, whose fortune is estimated at $138 billion, occupy seventh and eighth places.

Spaniard Amancio Ortega, founder of the Inditex fashion brand, which owns Zara and Bershka, ranked ninth with a fortune of $124 billion, while former Microsoft CEO Steve Ballmer ranked tenth with a fortune of $118 billion.

Among the newcomers is Sundar Pichai, the chief executive officer of Google parent company Alphabet. His net worth rose to $1.1 billion thanks to the rise in the value of his Google shares.

Another notable figure on the long list of billionaires is President Donald Trump, whose fortune has doubled to an estimated $5.1 billion since his company Truth Social went public and he sold his cryptocurrency token.

The ranking includes 15 Russian oligarchs, among whom the owner of the Alcor & Co group, Tatyana Volodina, was noticed. The company operates the L'Etoile and Podruzhka perfume and cosmetics store chains. Volodina's fortune is estimated at $1.1 billion.

The richest "newcomer" is Vikram Punia, the owner of the pharmaceutical company Pharmasynthes, whose fortune is estimated at $2.1 billion.

At the same time, the richest among Russian billionaires in 2025 was Lukoil co-owner Vagit Alekperov, whose fortune was estimated at $28.7 billion.

Category
Economics
Publication date

Ending the war against Ukraine could destroy Russia's economy

Putin is afraid to stop the war

The Wall Street Journal concluded that the Russian economy has become dependent on the war in terms of jobs, wages and growth. Accordingly, if a truce is achieved on the front, the aggressor country will be on the verge of collapse.

Points of attention

  • The cessation of war-related production could result in slower growth or recession in Russia in the near term.
  • Experts predict that the decrease in domestic consumption following the end of the war could further impact Russia's economy.

Putin is afraid to stop the war

According to Heli Simola, a senior economist at the Bank of Finland's Institute of Economics, almost half of the aggressor country's economic growth in 2024 was directly due to war-related production.

It is also impossible to ignore the fact that payments to the families of Russian invaders fighting in Ukraine have increased the well-being of some of the poorest regions of the country.

Experts predict that the cessation of such stimulation will lead to a decrease in domestic consumption.

If Russian dictator Vladimir Putin wants to avoid economic collapse, he will have to continue spending at current levels long after the war is over.

If military spending is cut, it will lead to job losses and general disillusionment in many Russian regions, said Janis Kluge, a Russia expert at the German Institute for International and Security Affairs.

According to Capital Economics forecasts, the decline in spending could lead to slower growth or even recession in Russia in the near term.

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