Last year was a disaster for Europe as Putin’s energy war wreaked chaos on Europe’s economies by sending up gas prices 20-fold, fuelling run-away inflation and an energy crisis that drove millions into poverty. Another crisis could be coming.
Russian tourist traffic to the Maldives has plummeted by 8.4% year on year to around 200,000 visits in 2022 thanks to soaring travel prices and anti-Russian sentiment generated by Russian President Vladimir Putin’s brutal war in Ukraine.
Russian President Vladimir Putin needed a very cold winter. He didn’t get it. As a result, Europe’s gas storage tanks are at record-high levels and the price of gas has crashed on the Dutch TTF exchange to below pre-war levels.
Belarus has managed to redirect some of its potash fertiliser exports to Russia and China. With its new export routes, Belarus has big plans for 2023, but high delivery costs and global competition is squeezing its profit margins and market shares.
Can safety protocols be maintained in a poor country like Kyrgyzstan, where corruption is rampant?
Kyiv is sending a strong message to the West; Ukraine needs offensive weapons if it's going to win this war.
The exit of the international car makers from Russia following the invasion of Ukraine has left a huge hole in what is one of the biggest car markets in Europe. China’s leading brands are rapidly moving in to fill the void.
Mutual FDI stock in the Commonwealth of Independent States (CIS) countries grew fast until Russia went into recession in 2012, when its GDP growth sank to zero. However, it soon started to recover, with Russia playing the leading role in the region.
Russia currently controls 16.55% of Ukraine, a huge drop from its peak of nearly 25% in March. War Mapper, an Open Source Intelligence Twitter account, uploaded several graphs on January 3 visualising the ongoing battle for territorial control.
Influx of more than a million boosts economy and softens attitude to refugees, though fears remain that welcome could soon wear out.
Over the last several years, many analysts and mining experts have been forecasting a copper deficit as a result of the “energy transition.” The new Udokan Copper mine in Siberia can mitigate that as it ramps up production in the coming years.
Russia’s Insight Investment Group has purchased a leasing company from the German engineering giant Siemens and is considering buying more lessors and fintech firms as the M&A tsunami unleashed by the Western sanctions on Russia continues.
A 15-year-old dispute between minority shareholders and one of Russia’s biggest iron ore mines, Lebedinsky Mining and Processing plant, known as Lebedinsky GOK in Russian, has flared up as the investors claim they were duped by the metal works.
Western investors are under heavy pressure in Belarus and many wish to leave the country. However, foreign telecom companies in Belarus appear to be planning long-term expansion.
History of Kazakh-Russian relations is long and troubled. Implications of Moscow’s decision to go to war in Ukraine mean the latest chapter threatens to generate some insoluble tensions.
As Mongolians protest against the alleged embezzlement of up to $12.8bn in state coal export revenues, bne IntelliNews takes a look at the other greatest scams in the region over the last three decades.
There used to be 60 different foreign car brands in Russia, one of the biggest car markets in Europe, but by the end of this year only 11 will be left, reports Kommersant.
The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.
In December the EU commissioned a secret report to assess just how badly the war in Ukraine, and the polycrisis it is fuelling, is hurting Europe’s economy. Good news: Europe is doing OK; bad news: so is Russia.
Belarus has offered to let Ukrainian grain go through its territory to Lithuania without preconditions. However Lithuania is wary of this sudden offer.