Free Republic

Vladimir Putin has reportedly fired a top admiral because of his refusal to send his sailors to fight in the war against Ukraine. Admiral Sergei Avakyants, 66, was suddenly stripped of the role of commander of the Russian Pacific Fleet last week during war games involving nuclear bombers ordered by the Kremlin. Avakyants has been seeking to protect his men from deployment - to prevent them from being cannon fodder - according to Volya and Brief Telegram. The admiral had repeatedly resisted or subverted orders to send his men to fight in Ukraine. When forced to do so he allegedly...

The Russian currency has fallen yet again against the dollar and euro. Is it just a cycle, or is something bigger going on? Since the beginning of the year, Russia's currency, the ruble, has lost 16% of its value against the dollar and 13% against the euro. This week, it was trading at around 83 rubles to the former and 91 against the latter. This makes it the third-worst performing global currency so far this year, behind the Egyptian pound and the Argentine peso. Following the invasion of Ukraine in February 2022, the currency immediately fell to 113 rubles against...