Russia

Russia’s manufacturing PMI back in growth territory, expands to 51.6 in October

bne IntelliNews November 1, 2021

The headline seasonally adjusted IHS Markit Russia Manufacturing PMI registered 51.6 in October, up from 49.8 in September, and signalled the first improvement in the health of the Russian manufacturing sector for five months.

THE VIEW FROM MITTELEUROPA: German traffic light coalition could worsen frictions with CEE

Marcus How and Gunter Deuber in Vienna November 1, 2021

A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.

Rosneft announces energy transition strategy as climate conference approaches

bne IntelIiNews November 1, 2021

“We are currently developing a new company strategy, with the central priority of adapting to the challenges of energy transition and integrating the ‘green agenda’ into our business,” said Sechin.

bneGREEN: Mixed outlook for COP26 as leaders embark on search for agreement

Richard Lockhart in Edinburgh November 1, 2021

COP26 is trying to put flesh on the bones of the targets and promises made at the 2015 Paris meeting.

Nord Stream 2 poses no threat to European energy security: Germany

bne IntelliNews November 1, 2021

Germany’s government has determined that the Nord Stream 2 poses no threat to European energy security, clearing a key obstacle to the pipeline’s commercial launch.

Putin tells Gazprom to increase European gas supply

bne IntelIiNews October 29, 2021

Gazprom will first finish pumping gas into Russia’s own underground storage facilities. Once this process is completed, Putin has instructed Gazprom CEO Aleksei Miller to begin pumping gas to similar facilities in Germany and Austria.

Pyaterochka CEO sees growing demand for convenience in a post-COVID world

Theo Normanton in Moscow October 29, 2021

As consolidation continues apace in the Russian food retail market, a dramatic shift in consumer behaviour is keeping sector leaders on their toes.

Event | Russia looks to Taliban to contain Islamic State in Afghanistan

Eurasianet October 28, 2021

Moscow seems willing to tolerate Taliban rights abuses, if the movement can get the job done.

Kremlin issues warning after Kyiv uses Turkish drone in eastern Ukraine strike

bne IntelIiNews October 27, 2021

Bayraktar T2B said to have destroyed Russian-made howitzer in separatist-controlled area. Russia says uses of battlefield technology risks destabilising conflict situation.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

Owner of Russian wine retailer Red & White to top IPO boom

bne IntelliNews October 27, 2021

Valuation of Mercury Retail, which owns Red & White and the Bristol food retail chain, could be as high as $20bn-25bn.

Emerging markets IT giant Softline sets final offer price in IPO

bne IntelIiNews October 27, 2021

International digital transformation and cybersecurity solution provider Softline has a total market capitalisation of around $1.5bn.

Car-sharing major Delimobil fully covers books on IPO

bne IntelIiNews October 27, 2021

The Russian car-sharing major is eyeing a potential valuation of over $900mn when it lists on the New York Stock Exchange.

From blue chips to green energy, new SPB index reveals the complex tastes of Russian retail investors

Theo Normanton in Moscow October 27, 2021

The SPB100 Index has been launched on the St Petersburg-based SPB Exchange. Trading started yesterday in the index that records the performance of prime stockpicks from Europe, America and Asia in the portfolios of Russian retail investors.

Mysterious owner behind eSports champions Team Spirit

Theo Normanton in Moscow October 26, 2021

Russia’s Team Spirit has triumphantly lifted the Aegis of Champions. The team of five youngsters – the oldest of them only 23 years of age – has won $18.2mn, the biggest prize in eSports.

Moldova looks beyond Russia for natural gas supplies

Iulian Ernst in Bucharest October 26, 2021

As Moldova struggles to strike a new natural gas deal with Russia’s Gazprom, Chisinau has mandated state-owned company Energocom to buy additional gas from EU countries.

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

Russia's CBR ramps up key rate to 7.5% in hawkish move

bne IntelliNews October 25, 2021

The board of the Central Bank of Russia resolved to increase the key interest rate by 75 basis points to 7.5% at the policy meeting of October 22, making a hawkish move that surprised the market.

Russia's Renaissance Insurance raises $250mn in IPO

bne IntelliNews October 22, 2021

Russian insurance company Renaissance Insurance Group announced the final price for its initial public offering (IPO) on Moscow Exchange of RUB120 ($1.69) per ordinary shares and completed its IPO on October 21.

bneGREEN: G7 could set green example for rest of world

By Richard Lockhart in Edinburgh October 21, 2021

G7 countries have the potential to reach net zero in the power generation sector by 2035 and spur decarbonisation in other economies and sectors.

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