Government claims three quarters of foreign companies in Russia are still working

Ben Aris in Berlin August 11, 2022

The Kremlin has now banned companies in the financial, fuel and energy sectors from leaving the country.

Moldova says it won't be able to make next payment to Gazprom

bne IntelliNews August 11, 2022

Failure to make the up-front payment may result in disruption of gas supplies in the first days of September.

Russia resumes oil supplies to Slovakia and Hungary but imports to Czechia remain halted

bne IntelliNews August 11, 2022

Hungary's MOL group pays for Transneft's transit fee to Ukrtransnafta, ending cut-off caused by 'administrative glitch'.

US charges Iran operative with plotting to kill former Trump hawk John Bolton

bne IntelIiNews August 10, 2022

Justice officials say it was probable that Shahram Poursafi was attempting to avenge US killing of Iranian ‘Shadow Commander’ Qasem Soleimani.

Ukraine will receive $5.5bn in support from the US later this month

Dominic Culverwell in Berlin August 10, 2022

The United States is to send Ukraine financial assistance totalling $5.5bn. This includes $4.5bn for urgent budgetary needs and $1bn in military support.

John Malkovich to turn Skopje into Hollywood of the Balkans

Valentina Dimitrievska in Skopje August 10, 2022

Actor who calls himself a “son of the Balkans” plans to set up film and music studios in North Macedonia’s capital to shoot Hollywood-calibre movies.

Envoy says start made on construction of Turkish attack drone factory in Ukraine

bne IntelIiNews August 9, 2022

Kremlin responds that plant would obviously be target for its missiles.

Huge explosion rocks Russian airbase on the Crimean peninsula

bne IntelliNews August 9, 2022

A huge explosion rocked a Russian airbase in the Crimea in what may have been the first Ukrainian missile strike deep in the occupied peninsula on August 9.

Russia cuts oil flow via Ukraine's Druzhba pipeline, blaming sanctions for blocking transit payments

bne IntelliNews August 9, 2022

Cut-off will hit the Czech Republic, Hungary and Slovakia hardest, as they rely heavily on imports via the Druzhba pipeline.

Croatian president says Western sanctions aren’t working

bne IntelliNews August 9, 2022

Often criticised for his soft stance on Moscow, President Zoran Milanovic claims sanctions are hurting Croatia but not Russia.

Kosovo’s PM Kurti says risk of new conflict with Serbia is high

Valentina Dimitrievska in Skopje August 9, 2022

Albin Kurti claims Russia contributed to recent standoff between Kosovo and Serbia, and fears new wars could break out in Moldova and the Western Balkans.

End of Vienna talks means US, Iran political approvals now needed to revive nuclear deal

Will Conroy in Prague August 8, 2022

And there’s no guarantee they will be forthcoming.

Western capitals wonder what kind of sanctions deal Erdogan may have cooked up with Putin

bne IntelIiNews August 7, 2022

Mindful of Turkey’s own economic and strategic interests—and his poor re-election prospects—the Turkish leader met his Russian counterpart in Sochi.

Leaders of Serbia and Kosovo to meet as they pull back from brink of conflict

Valentina Dimitrievska in Skopje August 7, 2022

Serbia’s Aleksandar Vucic and Kosovo’s Albin Kurti to meet after Pristina’s decision not to recognise Serbian ID documents escalated tensions.

The Guardian confirms aspects of the controversial Amnesty International report on Ukraine’s alleged war crimes

bne IntelliNews August 7, 2022

British newspaper The Guardian confirmed some aspects of the highly controversial report released last week by Amnesty International claiming that the tactics of Ukraine’s forces were endangering civilians and could be considered war crimes.

Bulgaria’s caretaker government mulls new long-term contract with Gazprom

Denitsa Koseva in Sofia August 7, 2022

Suspicions President Rumen Radev picked new cabinet to bring Bulgaria back into the Russian orbit.

Boris Johnson’s half-brother to sue Mongolia for $50mn in a mining investment dispute

Ben Aris in Berlin August 5, 2022

The half-brother of ousted UK Prime Minister Boris Johnson says he will bring a $50mn lawsuit against Mongolia to try to recover an investment into a mining project that went horribly wrong.

Czech central bank ends cycle of increasing interest rates

Albin Sybera August 5, 2022

New governor calls halt to interest rate rises after nine hikes.

Moldova makes rate hike to 21.5% to contain soaring inflation

Iulian Ernst in Bucharest August 5, 2022

Inflation reached 31.8% in June and the outlook is gloomy as energy price hikes have yet to be fully passed through to consumer goods prices.

Turkey’s port warehouses reportedly packed full with goods bound for Russia

bne IntelIiNews August 4, 2022

US said to be wary of Nato member country turning into an anything-goes bolthole for Russians looking to shield business and assets from Western sanctions.