Connect with us

Published

on

Russian President Vladimir Putin tours an exhibition at the Central Museum of the Great Patriotic War on Poklonnaya Gora in Moscow, Russia, April 30, 2025.

Alexander Kazakov | Via Reuters

Russia has shown little appetite for peace negotiations with Ukraine, despite Moscow making a show of what war experts described as “performative ceasefires,” and a number of attempts by U.S. President Donald Trump to persuade Russian leader Vladimir Putin to talk to Kyiv.

In fact, Moscow is widely believed to be planning a new summer offensive in Ukraine to consolidate territorial gains in the southern and eastern parts of the country, that its forces partially occupy. If successful, the offensive could give Russia more leverage in any future talks.

While Russia seems reluctant to pursue peace now, increasing economic and military pressures at home — ranging from supplies of military hardware and recruitment of soldiers, to sanctions on revenue-generating exports like oil — could be the factors that eventually drive Moscow to the negotiating table.

“Russia will seek to intensify offensive operations to build pressure during negotiations, but the pressure cannot be sustained indefinitely,” Jack Watling, senior research fellow for Land Warfare at the Royal United Services Institute (RUSI) in London, said in analysis Tuesday.

Russian stockpiles of military equipment left over from the Soviet era, including tanks, artillery and infantry fighting vehicles, will be running out between now and mid-fall, Watling said, meaning that Russia’s ability to replace losses will be entirely dependent on what it can produce from scratch.

“At the same time, while Russia can fight another two campaign seasons with its current approach to recruitment, further offensive operations into 2026 will likely require further forced mobilisation, which is both politically and economically challenging,” Watling surmised.

CNBC has contacted the Kremlin for a response to the comments and is awaiting a reply.

Economy slowing

In the meantime, dark clouds are gathering on the horizon when it comes to Russia’s war-focused economy, which has labored under the weight of international sanctions as well as homegrown pressures, also largely resulting from war, such as rampant inflation and high food and production costs that even Putin described as “alarming.”

Russia’s central bank (CBR) has stood the course of keeping interest rates high (at 21%) in a bid to lower the rate of inflation, which stood at 10.2% in April. The CBR said in May that a disinflationary process is underway but that “a prolonged period of tight monetary policy” is still required for inflation to return to its target of 4% in 2026. In the meantime, a marked slowdown in the Russian economy has surprised some economists.

“The sharp slowdown in Russian gross domestic product growth from 4.5% year-on-year in the fourth quarter, to 1.4% in the first quarter is consistent with a sharp fall in output and suggests that the economy may be heading for a much harder landing than we had expected,” Liam Peach, senior emerging markets economist at Capital Economics commented last week.

“Such a sharp drop in GDP growth has surprised us, although we had expected a slowdown to take hold this year,” he noted, adding that “a technical recession is possible over the first half of the year and GDP growth over 2025 as a whole could come in significantly below our current forecast of 2.5%.”

In this pool photograph distributed by Russian state agency Sputnik, Russia’s President Vladimir Putin visits Uralvagonzavod, the country’s main tank factory in the Urals, in Nizhny Tagil, on Feb. 15, 2024.

Ramil Sitdikov | Afp | Getty Images

The growth that remains in the Russian economy is concentrated in manufacturing, specifically the defense sector and related industries, and is being fueled by state spending, according to Alexander Kolyandr, senior fellow at the Center for European Policy Analysis.

“After three years of militarizing the country, Russia’s economy is cooling,” he said in online analysis for CEPA, noting that the slowdown in inflation, less borrowing by companies and consumers, declining imports, industrial output and consumer spending all pointed to the slowdown continuing.

That’s not disputed by Russian officials, with the Economic Development Ministry predicting that economic growth will slow from 4.3% in 2024 to 2.5% this year.

“The economy is not demobilizing; it is just running out of steam. That said, a drop can easily become a dive. Bad decisions by policymakers, a further dip in oil prices, or carelessness with inflation, and Russia could find itself in trouble,” Kolyandr said.

Sanctions and oil price bite

What’s particularly starting to hurt Russia are factors beyond its control, including tighter sanctions on Russia’s “shadow fleet” (vessels illicitly transporting oil in a bid to evade sanctions enacted following the 2022 invasion of Ukraine) and a decline in oil prices as a result of Trump’s global tariffs policy that is hitting demand.

On Thursday, benchmark Brent futures with a July expiry stood at $64.94 a barrel while frontmonth July U.S. West Texas Intermediate (WTI) crude was at $61.65. The last spot price of a barrel of Urals crude oil, Russia’s benchmark, was at $59.97, according to LSEG data.

At the start of 2025, Brent was trading at $74.64 per barrel, while WTI and Urals crude were trading at $75.13 and $70.04, respectively.

Russia’s finance ministry said in April that it expects 24% lower revenues from oil and gas this year, compared to earlier estimates, and lowered its oil price forecast from $69.7 to $56 per barrel. The ministry also raised the 2025 budget deficit estimate to 1.7% of GDP, from a previous forecast of 0.5%.

FILE PHOTO: Crude oil tanker Nevskiy Prospect, owned by Russia’s leading tanker group Sovcomflot, transits the Bosphorus in Istanbul, Turkey September 6, 2020. 

Yoruk Isik | Reuters

A lower oil price will “severely limit Russian revenue while its reserves are becoming depleted,” RUSI’s analyst Watling remarked.

“More aggressive enforcement against Russia’s shadow fleet and the continuation of Ukraine’s deep strike campaign could reduce the liquid capital that has so far allowed Russia to steadily increase defence production and offer massive bonuses for volunteers joining the military,” he said.

If Western allies can maintain and strengthen efforts to degrade Russia’s economy, and Ukraine’s forces “deny Russia from reaching the borders of Donetsk [in eastern Ukraine] between now and Christmas,” then “Moscow will face hard choices about the costs it is prepared to incur for continuing the war.”

“Under such conditions the Russians may move from Potemkin negotiations to actually negotiating,” Watling said.

Continue Reading

Environment

California hits back as CARB takes legal action against truck brands

Published

on

By

California hits back as CARB takes legal action against truck brands

Following a lawsuit brought against the California Air Resources Board (CARB) by major heavy truck manufacturers over California’s emissions requirements, CARB has struck back with fresh lawsuit of its own alleging that the manufacturers violated the terms of the 2023 Clean Truck Partnership agreement to sell cleaner vehicles.

Daimler Truck North America, International Motors, Paccar and Volvo Group North America sued the California Air Resources Board in federal court this past August, seeking to invalidate the Clean Truck Partnership emissions reduction deal they signed with the state in 2023 to move away from traditional trucks and toward zero-emission vehicles (ZEVs). The main point of the lawsuit was that, because the incoming Trump Administration rolled back Environmental Protection Agency (EPA) policies that had previously given individual states the right to set their own environmental and emissions laws, the truck makers shouldn’t have to honor the deals signed with individual states.

“Plaintiffs are caught in the crossfire: California demands that OEMs follow preempted laws; the United States maintains such laws are illegal and orders OEMs to disregard them,” the lawsuit reads. “Accordingly, Plaintiff OEMs file this lawsuit to clarify their legal obligations under federal and state law and to enjoin California from enforcing standards preempted by federal law.”

After several weeks of waiting for a response, we finally have one: CARB is suing the OEMs right back, claiming that the initial suit proves the signing manufacturers, “(have) unambiguously stated that they do not intend to comply.”

Advertisement – scroll for more content

They want to sell Americans more diesel


Peterbilt Model 589; via Peterbilt.

In its lawsuit, CARB argues that monetary damages alone would not make the people of the State of California whole as far as damages are concerned, citing that the stated goal of the 2023 Clean Truck Partnership was, “to achieve emissions reductions that cannot be measured strictly in financial terms,” according to ACT-News.

The agency is asking the court to compel the truck companies to perform on their 2023 obligations or, failing that, to allow CARB to rescind the contract and recover its costs. A hearing on the truck makers’ request for a preliminary injunction was held Friday, with another court date set for November 21, when CARB will seek to dismiss the case brought forth by the truck brands. The outcome of these cases could shape how state and federal government agencies cooperation on emissions rules in the future.

You can read the full 22-page lawsuit, below, then let us know what you think of CARB’s response (and their chances of succeeding) in the comments.

SOURCES: CARB; via ACT-News, Trucking Dive.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

New national law will turn large parking lots into solar power farms

Published

on

By

New national law will turn large parking lots into solar power farms

Starting this month, parking lots in South Korea with more than 80 spaces will be required to install solar canopies and carports. But, unlike similar laws that have been proposed in the US, this new law doesn’t just apply to new construction – existing lots will have to comply as well!

South Korea’s Ministry of Trade, Industry and Energy announced in August that it has prepared an amendment to the Enforcement Decree of the Act on the Promotion of the Development, Use, and Diffusion of New and Renewable Energy to the effect that all publicly- and privately-owned parking lots in the Asian country with room for more than 80 vehicles will be compelled to add solar panels to their lots in a move designed to proactively expand renewable energy and create more solar and construction jobs.

In addition to creating jobs and working to stabilize the local grid with more renewable energy, the proposed solar canopies will offer a number of practical, day-to-day benefits for Korean drivers, as well.

The shaded structures will protect vehicles from heavy rain, snow, and the blistering summer sun — keeping interiors cooler, extending the life of plastics and upholstery, and even helping to preserve battery range in EVs and PHEVs by reducing their AC loads (and, of course, provide charging while the cars are parked).

Advertisement – scroll for more content

To their credit, Ministry officials absolutely get it. “Through this mandatory installation,” one unnamed official told Asia Business Daily, “we expect to expand the distribution of eco-friendly renewable energy generation facilities while providing tangible benefits to the public. By utilizing idle land such as parking lots, we can maximize land use efficiency. In addition, installing canopy-type solar panels can provide shade underneath, offering noticeable comfort to people using parking lots during hot weather.”

The new rule was approved in late September, and is expected to go into effect later this month, with new installation projects set to begin immediately.

It could work here


Solar carport; by Standard Solar.

South Korea is proving that an idea like is practical. Here in the US, we’re proving that out, too – the Northwest Fire District in Arizona partnered with Standard Solar to build a conceptually similar, 657 kW solar carport system across 12 parking lots (shown, above) that delivers more than 1.23 million kWh of clean, emissions-free power annually and offsets the equivalent of 185,000 vehicles’ worth of harmful carbon emissions.

That’s just Arizona. In New York, a new initiative to help expand solar into parking lots has more than doubled commercially zoned land where EV charging stations can be sited, “freeing up” an additional 400 million square feet of space throughout the city. 

Sun-rich states like Texas, New Mexico, and Florida could also benefit, and even if we’re “just” adding fresh energy sources to municipal parking, dealer lots, and public schools, we could do a lot to reduce the cost of energy generation for the entire community. And, for what it’s worth, that seems to be right in line with the big reasons why people are choosing to add solar to their homes today.

What do you guys think – would something like this work in the US, or are we too far gone down the sophomoric, pseudo-libertarian rabbit hole to ever dig our way out? Let us know your take in the comments.

SOURCE | IMAGES: Asia Business Daily, via LinkedIn; Standard Solar.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

NHTSA is investigating Waymo robotaxis for passing stopped school bus

Published

on

By

NHTSA is investigating Waymo robotaxis for passing stopped school bus

Autonomous taxi company Waymo faced scrutiny last month when a car was caught on video illegally passing a stopped school bus that was letting children off in Atlanta. Now, the National Highway Traffic Safety Administration (NHTSA) is looking into it.

Georgia State Representative Clint Crowe seemed stunned after being presented with video of a Waymo driverless car illegally passing a stopped school bus on Briarcliff Road in Atlanta last month. “I’m a big fan of new technologies and emerging technologies and I think that driverless cars are going to become more prevalent,” he told local NBC news affiliate WBIR. “But we got [sic] to think about how they’re going to comply with the law.”

WBIR | Waymo illegally passes school bus


Crowe co-sponsored Addy’s Law in 2024. The legislation was named after 8-year-old Addy Pierce, who was killed in Henry County after being struck while crossing the street to get to her bus. The law stiffened penalties for illegally passing a stopped school bus, carrying penalties of up to $1,000 in fines and even jail time.

According to Crowe, those rules still apply to autonomous vehicles. “The majority of our traffic laws, the penalty is usually a fine and or driver’s license suspension. These cars don’t have a driver, so they don’t have a driver’s license and so we’re really going to have to rethink who’s the responsible party, who’s going to be responsible for being in control of that vehicle and who’s going to be the operator of that vehicle,” he said.

Crowe believes manufacturers should face stronger consequences when their vehicles break the law, saying the $1,000 fine doesn’t go far enough.

WBIR NEWS

Now, thanks to pressure from social media and politicians like Crowe and Geoirgia State Senator Rick Williams, who helped co-author Addy’s Law, it seems like NHTSA is getting involved.

Prompted by media reports, the US Department of Transportation issued an investigation regarding Waymo’s AV, which states that, “the AV initially stopped, but then drove around the front of the bus by briefly turning right to avoid running into the bus’s right front end, then turning left to pass in front of the bus, and then turning further left and driving down the roadway past the entire left side of the bus. During this maneuver, the Waymo AV passed the bus’s extended crossing control arm near disembarking students (on the bus’s right side) and passed the extended stop arm on the bus’s left side.”

Advertisement – scroll for more content

While it remains to be seen how much work NHTSA is actually doing amid the ongoing shutdown of the Federal government, it’s worth noting that, regardless of the outcome, Senator Williams said he plans to introduce new legislation that would hold driverless car companies accountable with higher fines if their vehicles violate traffic laws. If that passes in Georgia, it could set the stage for politicians across the US and even abroad to use similar fins to halt the spread of autonomous taxis in their states.

Driverless cars should be stopped until it can be figured out,” said Williams. “We should not have this on the road. It’s too dangerous for our children.”

You can read NHTSA summary, below.

We’re typically pretty tech- and autonomous-forward here, but as a parent I would absolutely lose my s*** if a Waymo or Robotaxi or whatever else ran over my kid. but I’ve also seen plenty of human drivers blow past a school bus with a knee on the steering wheel and both eyes glued firmly to their phones. Let us know who you’d be more ready to trust with your kids’ lives in the comments.

SOURCES: WBIR, NHTSA, via School Transportation News.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending