PM’s attempt to quell Mongolia’s ‘coal mafia’ protests drowned out by livid crowds

Anand Tumurtogoo in Ulaanbaatar December 7, 2022

Amid the demonstrations on Ulaanbaatar’s streets Mongolians young and old tell bne IntelliNews of their disillusionment and economic hardship.

Is Russia putting additional pressure on Belarus to join the war?

bne IntelliNews December 7, 2022

Lukashenko's and Shoigu's latest meeting in Minsk has spurred new fears that Russia may be putting increased pressure on Belarus to join the war by putting boots on the ground.

Can Russia sneak gas into the EU via a Turkish gas hub?

bne IntelliNews December 6, 2022

Russia has been eagerly pushing for the further development of Turkey as a “gas hub” for its gas supplies to Europe. Analysts are asking if this simply a ruse to dodge sanctions and surreptitiously continue to export gas to EU members.

Roddy Scott Foundation providing education to the children of war-torn Pankisi Gorge

Ben Aris in Berlin December 6, 2022

Twenty years ago the young freelance photojournalist Roddy Scott was killed by Russian forces in the Pankisi gorge in Georgia, a refuge for terrorists and a transit point into neighbouring Chechnya during the war there.

Mongolians attempt to storm Government Palace as protests over coal profits scandal swell

Anand Tumurtogoo in Ulaanbaatar December 5, 2022

Majority strived to keep the youth-led demonstrations peaceful, but the bitterness now held towards top officials runs deep and was clear for all to see.

Belarus Corruption Watch: living the high life with Dimitry and Anna Lukashenko

bne IntelliNews December 4, 2022

The Lukashenko family members hold very favourable positions in Belarus’ SOEs. The family often invite their business partners on expensive trips, the costs for which wildly exceed the family members’ official earnings.

New START missile treaty suspended as tensions escalate between Russia and US

Ben Aris in Berlin December 4, 2022

Russia has called off what were supposed to be routine talks on implementing the new START missile treaty, signed by Russian President Vladimir Putin and US President Joe Biden in the first week after he took office in 2021.

The legendary Silk Road city of Samarkand gets a tourism upgrade

Daniel Rad in Samarkand December 4, 2022

“Samarkand is as old as time” but the Uzbek government has invested heavily in the hospitality infrastructure to improve the appeal of this legendary Silk Road city to the international traveller.

How well will the EU’s oil embargo on Russia’s seaborne exports work?

Ben Aris in Berlin December 3, 2022

The EU’s oil embargo, contained in the sixth and eighth packages of sanctions, comes into effect on December 5 and is likely to severely disrupt Russia’s oil trade but not stop it.

Foreign investment has transformed Eastern Europe, says wiiw report

Robert Anderson in Prague December 2, 2022

Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.

Will Croatia’s latest shot at World Cup glory ease economic slowdown?

bne IntelliNews December 1, 2022

Croatia’s spectacular performance in the 2018 World Cup was accompanied by a consumer spending boom.

Belarus’ government to expand political-economic control at the expense of economic growth

bne IntelliNews December 1, 2022

Belarus continues to service its foreign debt in Belarusian rubles and its new budget will focus on assuring political-economic control in the country. Meanwhile, growth and real income is decreasing across the country.

Sino-Russian ties continue to deepen as Western sanctions drive their economies together

Ben Aris in Berlin November 30, 2022

Widely seen as a marriage of convenience, economic ties between Russia and China are rapidly deepening as the two countries are driven together by pressure from the West.

War and wine: how rattled economies in Ukraine and Russia are pushing Georgian winemakers to pivot to new markets

Mack Tubridy in Tbilisi November 30, 2022

Traditional export markets for Georgian wine are reeling due to the war in Ukraine, deepening ongoing trends of market diversification among winemakers in the South Caucasian country.

INTERVIEW: Son of sanctioned Vladimir Yakunin goes on trial in Norway for illegally flying drones

Ben Aris in Berlin November 30, 2022

Andrey Yakunin, son of the former head of Russian Railways Vladimir Yakunin, who is sanctioned as a "Kremlin insider", went on trial in Norway on November 29 having been accused of illegally flying drones in Norway.

Yandex Board gathers in Istanbul after parent company announces intention to exit Russia

Theo Normanton in London November 29, 2022

Yandex's Board is meeting to discuss re-structuring plans. The Board has already announced that it hopes to divest most of its Russian business, with hopes of maintaining four key startups and developing them outside of Russia.

The Ukraine war will break up Russia’s internet champion Yandex

Ben Aris in Berlin November 28, 2022

Russia's invasion of Ukraine has caused a tsunami of M&A deals as Russia’s private companies scramble to restructure their businesses. Yandex, Russia's internet giant, will be the biggest victim and it will cost investors billions of dollars.

Foreign investments in Belarus under heavy pressure

bne IntelliNews November 28, 2022

Foreign investors are coming under increasing pressure to divest from Belarus due to the regime’s human rights abuses, and Belarusian strongman Alexander Lukashenko is helping to speed up the process.

Mongolia to channel natural resource riches into new sovereign wealth fund

Michael Kohn in Ulaanbaatar November 26, 2022

Government plans to transform state miner Erdenes Mongol into SWF tasked with wisely investing coal, copper, gold and other earnings.

Swedish funds have billions of euros of investor money frozen in Russia

Jason Corcoran in London November 25, 2022

Prosperity Capital and East Capital, who were pioneering investment funds in Russian stocks, have billions of euros of Western investment money frozen in Russia following the invasion of Ukraine.