Russia

Yukos shareholders claim $5bn appeal award from Russia

bne IntelliNews July 30, 2021

Yukos was once Russia’s biggest oil producer and briefly its most valuable company.

Pashinyan proposes Russian border posts along entire Armenia-Azerbaijan frontier

Neil Hauer in Yerevan July 30, 2021

Clashes in the wake of last year’s Nagorno-Karabakh war have become more frequent in recent months.

Russia's GDP catches up with pre-COVID level

bne IntelliNews July 30, 2021

Russia's GDP increased by 4.6% y/y in H1 2021, with growth accelerating to 10.1% in the second quarter.

Russian billionaire Abramovich denies buying Chelsea FC for Putin in high-profile defamation case

bne IntelliNews July 29, 2021

Abramovich is suing British journalist Catherine Belton and her publisher HarperCollins over Belton’s 2020 book "Putin’s People".

MACRO ADVISORY: Buckle up, August is coming

Chris Weafer of Macro-Advisory July 28, 2021

Russia’s recent history has repeatedly shown that August is a month when surprises, usually bad, can happen more often than in any other month.

Russia will reportedly tighten e-commerce regulations

bne IntelliNews July 28, 2021

E-commerce platforms in Russia will have to disclose their ranging algorithms and guarantee participants a possibility to control prices, according to proposals currently considered by the federal anti-monopoly service.

Russian banks maintain recovery, double profit in 1H21

bne IntelliNews July 28, 2021

The total profit for 1H21 reached RUB1.2 trillion, helped by strong retail lending.

Russia's MTS acquires control of blockchain firm Factorin

bne IntelliNews July 27, 2021

The acquisition is aimed at expanding MTS Group’s portfolio of digital financial services for B2B clients.

bneGREEN: EU takes carbon pricing initiative with CBAM

bne IntelliNews July 27, 2021

The EU on 14 July unveiled the details of its proposed Carbon Border Adjustment Mechanism, which aims to protect EU CO2 emitters from carbon leakage by making exporters to the EU market pay for the CO2 they produce.

Ukraine bans Russian e-commerce giant Wildberries

bne IntelliNews July 26, 2021

Wildberries' assets to be blocked in Ukraine and it will be prevented from moving goods through the country.

Russian plan for free trade zone on disputed islands angers Japan

bne IntelliNews July 26, 2021

Russian Prime Minister Mikhail Mishustin said he plans "unprecedented" set of economic measures to support development of the Kuril Islands.

COMMENT: Why has China’s foreign minister spent three days in Damascus? Probably not having trade discussions

Gav Don in Edinburgh July 25, 2021

A few days ago China’s Foreign Minister Wang Yi spent three days visiting President Bashar al Assad in Syria, the first foreign dignitary the Syrian president has hosted since the start of his new term.

DP World and Rosatom to develop Arctic shipping route

bne IntelliNews July 25, 2021

Developing the route that will cut up to 19 days off the journey time between Southeast Asia and Northwest Europe is part of Russia’s efforts to exploit the Arctic as global warming opens it up to sea traffic.

Russia raises key rate to 6.5% amid strong inflationary pressure

bne IntelliNews July 23, 2021

Inflationary pressure higher and more persistent than forecast, says CBR, warning of signs of overheating in some sectors.

Russia temporarily disconnects from the World Wide Web

bne IntelliNews July 23, 2021

Russia has been considering the concept of a "sovereign internet”, namely cutting itself off from the World Wide Web.

Far Eastern Yakutsk city under threat from unprecedented forest fires

bne IntelliNews July 22, 2021

Raging fires have been an increasing occurrence in Siberian summers, with the trend widely attributed to climate change, which has caused temperatures in the vast Taiga forest to spike each year.

American personnel in Kyrgyzstan, Uzbekistan reported as among ‘Havana Syndrome’ victims

bne IntelIiNews July 21, 2021

Following cluster of Vienna incidents, US has stepped up investigation into possible attacks made with directed pulsed microwave energy.

bneGREEN: Global investors turn to green energy and away from fossil fuels

Richard Lockhart in Edinburgh July 21, 2021

The world’s largest global debt and equity investors are continuing to invest in renewable energy despite the pandemic, driven by the wealth of investment opportunities, the Institute for Energy Economics and Financial Analysis said.

US and Germany strike deal on Nord Stream 2 pipeline

bne IntelliNews July 21, 2021

Dismay in Ukraine as agreement allows controversial gas pipeline to be completed without further US sanctions.

The SPAC wave hits Russia

Adrien Henni in Paris for East West Digital News July 20, 2021

Could a Russian tech company ever be targeted by a SPAC, the special purpose acquisition companies that raise money with a list and only then try and acquire a promising company. Russia is about to see its first SPAC.

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