But Kazakhstan has more to lose.
Sanctions keep taking their toll on the Belarusian economy, isolating it yet further from global value chains, although the Belarusian government is trying out new policies to ease the effects from sanctions.
In the midst of the 1998 financial crisis investor Adam Elstein famously said that he would rather “eat toxic nuclear waste” than buy Russian assets. Russia is back in that place.
Since the invasion of Ukraine, there have been warnings of Russian efforts to destabilise the Western Balkans.
Mykhailo Podolyak, head of Ukraine’s peace talks delegation and an advisor to President Volodymyr Zelenskiy, explains Kyiv’s “cautious optimism” on progress in the negotiations.
Central and Southeastern European countries are among the most vulnerable to any cut-off in Russian energy exports, but this has not stopped some of them from being very vocal in demanding tougher action.
Russia loses from war in Ukraine, even if it wins. China wins from the war irrespective of whether Russia wins or loses. The US also wins from both a Russian victory and a defeat, but its win is less if Russia wins. Everyone else loses.
Russian and Ukrainian delegations have been wrestling to find a peace deal in the last week and progress seems to have been made, according to recent comments from both sides, but there is still a gulf to cross.
'What we need is not new economic policies but a change in philosophy,' says opposition chief economic adviser Julia Kiraly.
A no-fly zone in all but name could be established by providing Ukrainian forces with significant anti-aircraft weaponry, rather than by the insertion of Nato jets into Ukrainian airspace.
With Russian troops barely 100 km away, the crucial Black Sea port is preparing for brutal urban combat.
The Russian government has announced that it intends to extend its ban on the export of grain and sugar to fellow members of a trading bloc until the end of August in a move that has sparked fear of food shortages around the region.
As trade between Russia and West comes under a growing list of sanctions and companies break off ties, Russia is looking for new markets to buy its metals.
On the top floor of Berlin’s central railway station, hundreds of Ukrainian refugees arrive on the 9:51 am train from Wrocław. As the doors open, a woman immediately stumbles and falls to the floor, hitting her head.
After the Central Bank of Russia limited withdrawals of foreign currencies, Russians turned to crypto as a way of hedging and liquidising their assets.
The flow of board directors leaving Russian companies has increased in recent days, with Steel giant Evraz and supermarket chain Lenta losing swathes of directors.
The war between two of the world’s top grain exporters, Russia and Ukraine, has sent prices to record levels and forced importers to urgently seek out alternative sources.
International rating agency Fitch has downgraded Russia's sovereign rating to “imminent default” on March 8 and said that a default is “inevitable.” Is Russia going to repeat its default of 1998?
What to expect from the Russia-backed separatist republic on Ukraine's western flank.
What to expect from the Russia-backed separatist republic on Ukraine's western flank.