Russia

BOFIT: Russian growth fades, but budget spending up sharply. Has the military Keynesianism maxed out?

Bank of Finland Institute for Economies in Transition (BOFIT) March 18, 2024

Based on the monthly estimate released by Russia’s ministry for economic development, on-year GDP growth has slowed in recent months, while budget spending is up sharply.

Cheap coal from Putin fires Turkey up the dirty power generation league

Akin li in Belgrade March 18, 2024

Country dislodges Poland from second spot in Europe for electricity made with coal. Ankara took advantage of lower Russian shipment prices caused by EU embargo.

Putin’s biggest fans in Southeast Europe hail election victory

bne IntelliNews March 18, 2024

Only the few remaining allies of the Russian president such as Bosnian Serb leader Milorad Dodik and Moldovan ex-president Igor Dodon welcomed Putin's victory.

Putin wins big in Central Asia, but Kazakhstan spoils party

Almaz Kumenov for Eurasianet March 18, 2024

There was a large turnout for a public assembly in Almaty held to register opposition to Putin's rule.

India to headline the rapid catch up of global emerging markets by 2050 – Capital Economics

Ben Aris in Berlin March 18, 2024

Emerging markets will overtake the Western world in terms of the collective nominal size of their economies by 2050, with China and India as the second and third largest behind the US, according to Capital Economics’ long-term forecasts.

Russia’s inflation accelerates to 7.7% in February

bne IntelliNews March 18, 2024

Russia’s consumer price inflation in February 2024 accelerated posted 0.68% month on month and accelerated to 7.7% year on year from 7.4% seen in January, according to the latest RosStat data.

Europe has €56bn shortfall to meet Nato 2% of GDP spending pledge

bne IntelliNews March 18, 2024

European nations within Nato are facing a €56bn shortfall in meeting the alliance's defence spending pledge of 2% of GDP this year, the Financial Times reported on March 16.

EU finally boosts defence investment into arms production as Ukraine runs out of ammo

bne IntelliNews March 18, 2024

European Nato countries are ramping up their defence investments, with plans to collectively spend almost $500bn this year.

Polish fashion giant LPP’s stock price collapses after sale of Russian business reported as faked

Wojciech Kosc in Warsaw March 18, 2024

LPP fiercely denied the report, which knocked its stock price nearly 36% in one day.

Poland revives ties with Berlin and Paris in push to help Ukraine

Wojciech Kosc in Warsaw. March 18, 2024

The underlying premise of the summit was to acknowledge that stopping Russia in Ukraine now will come at a much smaller cost than having to stop it later at the EU's gates.

MOSCOW BLOG: Life in Russia has always been rubbish, that is why Putin would have been re-elected even in a fair election

Ben Aris in Berlin March 18, 2024

“Life is hard. But at least it's short.” That is an old Soviet joke that plays on the harsh conditions Russians lived under since Tsarist times. Those times changed when Russian President Vladimir Putin came to power.

Putin declares victory in “obviously not free nor fair” presidential election

bne IntelliNews March 18, 2024

Russian President Vladimir Putin has declared a sweeping victory in the country's presidential election, after apparently winning 87% of the vote.

Putin says he agreed Navalny prisoner swap

bne IntelliNews March 18, 2024

Speaking in Moscow on March 17 following the release of presidential election exit polls, Putin broke his silence on Navalny’s death. The president asserted that he had consented to a prisoner exchange involving Navalny just days before he died.

Russians go to the polls, but would-be protesters have few options against Putin's election juggernaut

Ben Aris in Berlin March 17, 2024

A few brave Russian attempted to protest against the stage manage presidential elections on March 15-17. A video posted on social media showed a woman in Moscow's Otradnoye district pouring a bottle of the green antiseptic zelenka into a ballot box.

Polls open in Russia as Putin seeks fifth term in office

bne IntelliNews March 15, 2024

No genuine opposition figure has been allowed to appear on the ballot

Russia’s Medvedev presents ‘peace plan’ including ‘complete surrender’ of Ukraine

bne IntelliNews March 15, 2024

Writing on Telegram, President Vladimir Putin's close ally published what he called a “soft Russian formula for peace,” comprised of seven points that would see Ukraine pay compensation to Moscow and give up its entire territory.

Russia ready for nuclear war, warns Putin

bne IntelliNews March 14, 2024

Speaking to Russia 1, a state-run television channel, Putin emphasises that while a nuclear confrontation is not imminent, Russia is technologically prepared for this potential scenario.

Russian oil refineries set ablaze in second day of Ukrainian attacks

bne IntelliNews March 13, 2024

Relentless attacks on Russian refineries have led to widespread disruptions in the nation's energy supply chain.

EU lifts sanctions from Yandex founder

bne IntelliNews March 13, 2024

Netherlands-based Yandex NV, which holds all the non-Russian assets, announced its exit from the Russian market on February 5.

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