Russia puts in a solid set of economic results in May as the sanctions shock and low base effects wear off

Ben Aris in Berlin June 6, 2023

Russia's economic trends in May were positive across various sectors, according to RosStat’s recent data release as sanctions shocks and the low base effects wear off.

Ukraine calls for further sanctions against Russia as Kakhovka dam crisis worsens

Dominic Culverwell in Kyiv June 6, 2023

Ukraine has called the EU and G7 to implement a new round of sanctions against Russia following the destruction of the Kakhovka dam in occupied Kherson on June 6.

Tara Reade, who accused Biden of sexual assault enjoying the "freedom" of Moscow life, seeks Russian citizenship

bne IntelliNews June 6, 2023

Tara Reade, the US ex-Senate aide who made international headlines by accusing President Joe Biden of sexual assault during his victorious 2020 presidential campaign, has announced that she is seeking Russian citizenship.

Nova Kakhovka dam destroyed, unleashing a tidal wave of flood waters into southern Ukraine

Ben Aris in Berlin June 6, 2023

The massive Nova Kakhovka dam has been destroyed in the early hours of June 6, releasing a tidal wave of flood water that quickly swamped towns and villages downstream in southern Ukraine and triggered evacuation orders by local authorities.

Russia’s economy in danger of overheating as war shocks wear off

Ben Aris in Berlin June 6, 2023

The Central Bank of Russia is worried that the Russian economy is overheating due to high levels of investment and rising consumption in a very tight labour market, the bank said in its monthly update.

Russia says Ukrainian assault has been prevented in Donetsk Oblast, but Kyiv dismisses claim as Ukraine makes advances in Donbas

Dominic Culverwell in Poltava June 5, 2023

Russia claims to have blunted a Ukrainian assault in Donetsk Oblast, but Kyiv says Moscow is sowing disinformation as Ukraine makes advances in Donbas, Reuters reported on June 5.

bneGREEN: Europe saves €100bn from the switch to renewables due to the Ukraine war

Ben Aris in Berlin June 5, 2023

European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.

German Chancellor Scholz roasts pro-Russian hecklers in an uncharacteristically fiery speech

bne IntelliNews June 5, 2023

German Chancellor Olaf Scholz shocked observers after he put down hecklers at a speech in Berlin, delivering a fiery speech that condemned Russian President Vladimir Putin as a “warmonger” and a “murderer” on June 3.

Record-breaking Russian grain exports expected in 2023

bne IntelliNews June 5, 2023

Russian grain exports are expected to reach record levels in the current 2022-2023 agricultural season, with estimates by various domestic agencies and institutions ranging from 55.5mn to 59.3mn tonnes.

Turkey braced for Russian tourist invasion following Erdogan victory

Jason Corcoran in Kuşadası June 5, 2023

Turkey is getting a ready for an unprecedented invasion of about 7mn Russian tourists this summer in the wake of Recep Tayyip Erdogan’s re-election as president.

Russian banking sector back in profit

Ben Aris in Berlin June 3, 2023

Russia’s banking sector recorded a net profit of RUB224bn in April, with an annual return on equity of 21%. While this figure represents a one-third decrease compared to March, the sector profits already top RUB1 trillion.

PANNIER: Precarious balancing act for ‘everybody’s friend’ Central Asia

Bruce Pannier June 2, 2023

West might talk tough on Russia sanctions enforcement, but it may have to settle for half-hearted promises from region.

Russia’s PMI continues to accelerate in May

bne IntelliNews June 2, 2023

The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index posted 53.5 points in May, above the 50.0 no-change mark indicating expansion, signalling a “solid upturn in operating conditions at Russian manufacturing firms.

VISEGRAD BLOG: Macron makes the weather in Eastern Europe

Robert Anderson in Prague May 31, 2023

The French president tried to persuade sceptical East Europeans that they had nothing to fear from a Europe that was more self-reliant in security – and he almost pulled it off.

Russia set to soon send fertiliser to Nigeria for free, Lavrov says

bne IntelliNews May 31, 2023

Western countries haven't imposed sanctions on Russian fertiliser exports, but the Kremlin claims trade is hampered by difficulty processing payments, and obtaining vessels and insurance

Is the war finally coming home for ordinary Russians?

bne IntelliNews May 31, 2023

On the morning of May30 a series of kamikaze drones struck Moscow, in the most intense attack the capital has seen since President Vladimir Putin launched the full-scale invasion of Ukraine.

EU and US criticise Poland’s Russia influence law

Wojciech Kosc in Warsaw May 31, 2023

PiS government sparks yet another conflict with EU Commission, which says it "will not hesitate to take immediate action as necessary".

War in Ukraine spills into Russia as drones strike Moscow

Ben Aris in London May 30, 2023

The creeping escalation of the war in Ukraine reached a new phase as long-range drones hit residential buildings in Moscow, sending residents fleeing but bringing the fight that has decimated Ukraine home to them.

Investigation uncovers flourishing trade in sanctioned technology flowing through Kazakhstan to Russia.

Ben Aris in London May 30, 2023

A joint investigation by German magazine Der Spiegel and the Organised Crime and Corruption Research Centre has uncovered details of how banned technology is avoiding sanctions and is being shipped via Kazakhstan into Russia.

bneGREEN: Clean energy investment is extending its lead over fossil fuels – IEA

by ROberta May 30, 2023

Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to the IEA.