Due to supply chain constraints and the ongoing Russian-Ukraine war, oil prices have markedly increased around the world. In the United States (US), gas prices have reached an all-time high. Drivers, on average, had to pay $4.17 for a gallon of regular gas in March of 2022. [1] This is not the first time the US is experiencing surging oil …

The addition of Finland and Sweden will strengthen NATO militarily surely. But this could even help Vladimir Putin’s propaganda about Russia’s encirclement. Finnish President, Sauli Niinistö, and Prime Minister, Sanna Martin, said in a joint statement last Thursday that the country would join NATO without delay. The decision ends more than seven decades of formal neutrality by Finland (and 200 …

The Arctic is the northernmost region of the planet. Although there is no clear definition of what should be considered part of it, the majority of scientists define the region within the Arctic Circle, a line of latitude about 66.5° north of the Equator. There are several countries inside the circle: The United States, Canada, The Kingdom of Denmark, Iceland, …

On Wednesday, in a letter, 40 Republican members of the House and Senate Armed Services committees were pressing President Joe Biden to reverse his previous decision of cutting defense spending below the rate of inflation. [1] It very much seems that the White House will not disappoint the GOP. According to a White House official, the President of the United …

The oil market currently is experiencing a crisis that is beginning to reach the levels of the 1973 oil crisis, with barrel prices circulating above the 100 US dollar margin. The COVID-19 pandemic in correlation with the Russian invasion on Ukraine have both taken its toll on the oil market and the supply thereof. The world is now facing a …

The core of children’s human rights abused The situation in Afghanistan changed drastically in August 2021 after the take over by the Talibans. Nonethless, the living conditions and basic fundamental rights of children were endangered beforehand. However, the US presence for twenty years had some benefits such as the adoption of a new constitution and the establishment of a liberal …

Considering that Russia is the world’s second-largest producer of natural gas, one of the world’s largest oil-producing nations, and that Ukraine is a crucial transition point of the pipelines that link Russia and Europe, with the military invasion of the Ukrainian territory by the Russian troops, there will be a drastic aftermath on numerous sectors, namely the energy one. Although …

On February 24th 2022 Vladimir Putin announced a “special military operation” to “demilitarise and de-nazify Ukraine”. The rest of the world saw it for what it was, a clear violation of Ukraine’s territorial integrity and political independence through military force. In other words; an invasion. Leaders in the European Union quickly condemned the decision, including the President of Greece. In …

The Russian Federation imported US$231.6 billion worth of goods from around the globe in 2020, up by 27% since 2016 but down by -5% from 2019 to 2020. Based on the average exchange rate for 2020, the Russian ruble has depreciated by -7.5% against the US dollar since 2016 and declined by -11.4% from 2019 to 2020, therefore, the Russian …

In this last year, Bosnia and Herzegovina are facing the worst crisis since the end of the war in 1995. When the conflict ended, an agreement, known as e Dayton Agreement, was reached by the western powers in order to ensure the peace and stability of the entire region. However, the agreement did not achieve all the expected results due …