Turkish leader is staring down the barrel of tough national polls on horizon. Playing nationalist hardball will keep some of his remaining voters happy.
Europe has been wrestling to get its members to sign up to a full ban on Russian oil products but a ban could send the price of oil up and make Russia even more money. Better to cap prices and starve the Kremlin of revenues.
Russia’s Gazprom has announced it is slashing gas flow via the Nord Stream 1 pipeline by 60%, blaming Siemens’ failure to repair compressor units on time and other technical problems at the Portovaya compressor station.
Swedish furniture major IKEA will scale down its business in Russia, lay off some employees, sell off inventory, and will start looking for buyers for its four Russian plants.
Russia sanctioned 49 UK officials and journalists on June 14, including prominent bne IntelliNews columnist Mark Galeotti, accusing them of “one-sided” reporting.
Sanctioned Alfa Group transfers 7.7% stake and control of famous drinks company to Georgian state.
Ruling party MP claims heroin is trafficked through the Kapitan Andreevo checkpoint on the Bulgaria-Turkey border, where video cameras in the phytosanitary lab were switched off for 10 years.
Five EU countries do not recognise Kosovo as an independent state, stymieing its hopes of joining the bloc.
Bulgaria’s ruling coalition lost its majority when ITN pulled out, but may get the support of disaffected ITN MPs — though early elections can’t be ruled out.
Baltic branches of Nordic bank Nordea and Norway's DNB bank, as well as Luminor Bank, acted as conduits for alleged money laundering.
Tashkent indicates it has concerns that the project may not be economically feasible.
Officials say logistics difficulties have hit Brazilian sugar cane deliveries. Queues causing tensions as sugar resellers attempt to capitalise.
Artel Electronics, Central Asia’s leading electronics and home appliances manufacturer, achieves corporate bond milestone in Uzbekistan.
Media reports at the weekend said that Georgia would not be given candidate status to start negotiations on EU accession at the June 23-24 EU summit.
Rightwing Ismaa party signals that it willl join negotiations being led by Reform, rather than those launched by the Centre Party.
Ryanair says 'ill-timed and ill-considered tax has made Hungary instantly uncompetitive and less attractive to airlines and tourists'.
Application to the Council of Europe filed after Russia pulled out of the body in March, giving Kosovo a better chance of securing membership.
The Kremlin is planning to annex the Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine and combine them into a single federal district within Russia, three sources close to the Putin administration told Meduza.
Russia's answer to McDonald's has released its new logo. The brand was created after McDonald's withdrew from Russia and sold its assets to a licensee. The first new restaurants operating on former McDonald's sites are due to open on June 12.
Serbian president restates Belgrade's position that it will not join western sanctions on Russia despite appeals from German chancellor to fall into line with EU policy.