Published on
11/06/2026 – 19:36 GMT+2

After two years of strong performance driven by a shift to a war economy, Russia’s economic situation is weakening, IMF Managing Director Kristalina Georgieva told Euronews.

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And although the IMF raised its forecast for Russia’s 2026 growth in its April outlook from 0.8% to 1.1%, Georgieva told Euronews this did not reflect the full picture of the economic weakening.

“The higher oil prices do give a breather to Russia,” Georgieva said, arguing the hike cannot offset the bigger hit to Russia’s economy.

“They have depleted their buffers dramatically,” Georgieva said. The oil price windfall “appears to be used to rebuild buffers rather than to inject more investment into the economy,” she explained.

“Growth has slowed down significantly. Now we are projecting 1%. Before the war, their potential growth was 1.6%,” Georgieva pointed out.

The IMF managing director also told Euronews that it is important to consider other economic indicators to better understand Russia’s current economic situation.

“Inflation is high. That means that interest rates are high, almost 15%.”

The IMF does not expect to see “material impact on growth in Russia,” Georgieva said. “It is a country whose medium (and) long-term prospects have worsened significantly.”

She listed three grounds on which the prospects have worsened. The first is losing people.

“A country that was in a demographic decline to begin with now lost so many young people for a terrible reason,” Georgieva explained.

The second factor is the sanctions, specifically the way they “bite a lot on the technology front.”

“What we see in the oil and gas sector in Russia, there is a tremendous problem with lack of technological renewal that is restricting the ability of the sector to expand,” she said.

And the third is the fact that “Russia lost standing.”

“That translates into many tangible and non-tangible losses. I mean, just think of the young Russians that could have built relations with Europeans and others and did not because of the war,” Georgieva stated.

“So, on the whole, Russia is coming crippled,” she concluded.

Not even the professionals inside the New York Knicks press conference room could contain themselves as the clock neared 1 a.m. Thursday morning. Some clapped when Knicks head coach Mike Brown hailed reserve guard Jose Alvarado’s performance—8 points, 2 rebounds and 3 assists, all in the fourth quarter—during the largest comeback in NBA Finals history, which put the Knicks one win away from their first title since 1973.

“I know a lot of you guys can’t (clap) because you’re in the media, and you have to stay neutral,” Brown said, before doing something he wasn’t supposed to do. “I’m going to f—king clap for Jose,” he said. “Sorry, mom.”

It was that kind of night. None of this—erasing a 29-point deficit, these Knicks being one game away from hoisting the Larry O’Brien trophy—was supposed to happen.

A few yards from the pressers, some of the world’s biggest celebrities partied in the bowels of Madison Square Garden, denying gentle requests to climb into the private cars waiting to whisk them away.

JERUSALEM: The International Christian Embassy Jerusalem (ICEJ) convened an emergency summit this week amid growing concern over the global rise in antisemitism following the Hamas-led Oct. 7 massacre in 2023.

The three-day conference in the Israeli capital comes at a time when social media influencers are consistently pushing antisemitic hate to their millions of followers.

“Attacking the Jews means attacking the very roots of one’s own faith. It means fighting against the people who gave us the Bible. Jesus was Jewish,” ICEJ President Dr. Jürgen Bühler told Fox News Digital.

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“If you don’t fight antisemitism, you are sawing off the branch you sit on. For the church to survive, we need to connect to our roots, fighting antisemitism needs to be at the forefront of every pastor and every leader around the world,” he added.

One of the central themes of the conference is Replacement Theology, a doctrine that holds the Church has replaced the Jewish people in God’s plan.

“The Bible is full of God’s eternal plan which includes the Jewish people. Paul’s statement in Romans 11 that ‘the gifts and the calling of God are irrevocable’ relates to Israel. This is a doctrine that goes contrary to what the New and Old Testament are teaching and that’s why we need to have this conference,” Bühler said.

“One cannot deny the Jewishness of the Bible. The most frequent word in the Bible is the name of God and the second most used name is Israel. Jesus was born in Bethlehem, he died in Jerusalem, resurrected in Jerusalem, rose to heaven from Jerusalem and he is coming back to Jerusalem. If you read the Bible it is so easy to see the connection to Israel,” he added.

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Israel’s newly appointed Special Envoy to the Christian world, George Deek, addressed the meeting on Wednesday, while Foreign Minister Gideon Sa’ar and U.S. Ambassador to Israel Mike Huckabee are scheduled to attend the summit’s closing event on Thursday at the foreign ministry as keynote speakers.

In a recorded message broadcast at the summit, Israeli President Isaac Herzog thanked Christian leaders for mobilizing against antisemitism.

“We are witnessing a very disturbing surge of antisemitism all over the world. This is a major challenge for humanity. This is the age-old, perhaps the oldest plague in humanity, and we have to stand up together — thought leaders and religious leaders — and say, ‘No more,’ and teach people about the sources of this evil and how to counter antisemitism,” Herzog said.

“I believe that countering antisemitism requires a combination of three major elements: law enforcement, adjudication and education,” he said.

“You, dear leaders, have a huge capability of fighting back, and I bless you. Truly, I bless you as the president of Israel for coming here and fighting back, for coming here and discussing how to fight back,” Herzog concluded.

Dr. Andrew J. Nolte, who launched Regent University’s Israel Institute in 2024, said students often repeat antisemitic claims, including the accusation that Jews killed Jesus.

“The answer from a Christian theological perspective is that we all killed Jesus, he died for our sins. There is a theological understanding of the guilt we bear for Jesus’s blood,” Nolte told Fox News Digital.

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While Israel has faced recent criticism over treatment of Christians – mostly at the hands of a few extremists – the country is seen as a beacon of freedom of religion in the Middle East.

According to Israel’s Central Bureau of Statistics, as of December 2025, Israel’s Christian population stood at approximately 184,200 people, representing 1.9% of the country’s total population. The community grew by 0.7% over the previous year.

Arab Christians account for 78.7% of Israel’s Christian population and comprise 6.8% of the country’s overall Arab population.

Most Arab Christians reside in northern Israel. Among non-Arab Christians, 42% live in the Tel Aviv and Central districts, compared to 33.9% in the Northern and Haifa districts.

Nolte said that Christians in Israel hold prominent positions, noting that the provost of the University of Haifa is a Maronite Christian and that Christian communities in the country report relatively high income levels. He also said that, in most cases involving civil rights and religious freedom brought by Christians in Israel, the outcomes have been decided in their favor.

“If you are comparing Israel to any Muslim country in the Middle East, the status of Christians is much higher. As a Christian, you are better off here than anywhere else in the region,” he added.

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Christopher Kuehl, founder of Present Witness and co-host of the One New Man podcast, emphasized that biblical illiteracy among younger generations is fueling confusion about Israel.

He opened his remarks at the conference by citing a recent U.S. study on Gen Z’s alignment with biblical teachings and how closely their worldview corresponds with scripture, noting that only about 5% demonstrated strong adherence.

“Israel gets thrown into that ignorance, that biblical ignorance. Social media is what teaches children and Gen Z; they spend eight hours a day on it and go to church once a week for 20 minutes. How does one create a message in 20 minutes that will overcome spending eight hours on social media every day?” Kuehl told Fox News Digital.

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Pastor Matthew Earls joined the summit as part of Eagles’ Wings Ministries’ Israel Christian Nexus program, which focuses on young Christian leaders and gives them the opportunity to experience Israel early in their careers and build a well-rounded perspective.

“We want to teach biblical truth so that the church does not look completely different in the next generation,” Earls told Fox News Digital. “The greater mission is one of solidarity with the people of Israel, and of equipping people with talking points in the hope that dialogue can take place and lead to greater understanding, or at least mutual respect for one another’s positions,” he said.

Sacha Roytman, CEO of the Combat Antisemitism Movement, told Fox News Digital that Christians and Jews face many of the same challenges in defending their faith, history, and future, adding that those who reject Jews and Zionism also reject the Christian worldview because the two are aligned.

“I’m here to share this message with Christian leaders who go back to their communities empowered with more knowledge, more energy, and different tools to fight this battle,” Roytman said.

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As part of its research, CAM has examined how social media algorithms amplify antisemitic content and conspiracy theories. “We discovered that the algorithms are trained to deliver engaging content that upsets people and keeps them hooked. Often, it is anti-establishment content and conspiracy theories that fuel antisemitism,” Roytman said.

More than 200 theologians, pastors and ministry leaders from over 30 countries are attending in person, alongside approximately 3,000 online participants.