Top Georgian central bank officials resign over unfreezing of assets of sanctioned former prosecutor

Tornike Mandaria in Tbilisi September 21, 2023

TBC and Bank of Georgia reaffirm their commitment to adhere to international sanctions imposed by the EU, the UK, and the U.S., regardless of the National Bank of Georgia's decision.

Planet’s health is in danger zone

by Roberta Harrington in Los Angeles September 20, 2023

Six of nine key planetary ‘health boundaries’ have been crossed, said researchers in a new report.

Ukraine sues Poland, Slovakia, Hungary over grain ban, as first ship leaves port of Chornomorsk

bne IntelliNews September 20, 2023

Grappling with the Russian-made headache of how to get its grain to market, Kyiv filed a lawsuit at the World Trade Organisation as the first of two grain ships leaves the port of Chornomorsk.

Iran and Russia unleash a contractual tsunami in several meetings

bne IntelIiNews September 20, 2023

Iran and Russia are converging in sectors for the first time as both countries face off against the US and the West.

Ukrainian President Zelenskiy tells UN that Russia is weaponising everything from food to children, calls for global unity

Ben Aris in Berlin September 20, 2023

Ukrainian President Volodymyr Zelenskiy has issued a stark warning to the international community, saying that Russia is "weaponising" everything from food to children in its war against Ukraine, and has called for a united front against Russia.

Russian oil price discount shrinking, sanction dodging widespread

Ben Aris in Berlin September 20, 2023

A recent study by the KSE Institute, led by senior economist Benjamin Hilgenstock, found that Russia is successfully avoiding oil sanctions and that the discounts it has to offer on its barrels of oil are tightening in comparison with Brent.

Turkey not ready to ratify Sweden’s Nato bid says Erdogan

bne IntelIiNews September 19, 2023

Strongman takes combative approach during trip to New York for UN General Assembly. Rebukes US journalist who quizzes him on human rights.

Russian, Iranian defence chief meet in Tehran to discuss the fighting in Nagorno-Karabakh

bne IntelliNews September 19, 2023

Russian Defence Minister Sergei Shoigu met with Mohammad Bagheri, Chief of the General Staff of the Iranian Armed Forces, in Tehran on September 19 to continue building on good ties and discuss the rapidly deteriorating situation in Nagorno-Karabakh

Russian peacekeepers stand inactively by as Azerbaijan renews attack on Nagorno-Karabakh

bne IntelliNews September 19, 2023

Azerbaijani relaunched a full-scale attack on the Armenian controlled Nagorno-Karabakh on September 19 that the Defence Ministry said was the beginning of a “limited anti-terrorist operation” while Russian peacekeepers stand inactively by.

Data search reveals coal produced in annexed parts of Ukraine shipped to Turkey

bne IntelIiNews September 19, 2023

Finding comes week after US stepped up sanctions targeted at Turkish companies for circumventing war restrictions on goods flows to Russia.

Azerbaijan demands ethnic-Armenians in Karabakh raise white flag amid military operation

bne IntelIiNews September 19, 2023

Baku claims “anti-terrorism” push but analyst says it appears Azerbaijanis are moving to retake Armenian-populated areas of enclave in their entirety.

RenCap founder dubs Ukraine war “a catastrophic failure of international diplomacy”

Jason Corcoran in London September 19, 2023

Speaking to the Leighton Smith Podcast in New Zealand last month, Jennings looked back at his more than two decades in Russia, his hasty exit after losing control of RenCap to his oligarch partner as well as his reflections on the war in Ukraine.

Bulgaria destroys drone found in Black Sea resort

bne IntelliNews September 18, 2023

Drone equipped with 82mm high-explosive mortar found in Bulgaria after three drones crash in neighbouring Romania.

Russia’ CBR ups key rate to 13%, warns of long-term tough policy

bne IntelliNews September 15, 2023

The board of the Central Bank of Russia at the September 15 policy meeting resolved to increase the key rate from 12% to 13%, following the emergency hike by 350 basis points in August amid ruble weakening.

US singles out Turkey with latest war sanctions package

bne IntelIiNews September 15, 2023

Ankara gets a poke in the eye as Washington launches new attempt at hobbling Putin’s war machine by targeting technology shipments and financial channels.

COMMENT: What to expect if Bulgaria expels Lukoil

Fuad Shahbazov in Durham September 14, 2023

Russian oil company effectively used its business activities to develop enormous political leverage in Bulgaria.

Iranians are returning to Dagestan after 300-year absence

bne IntelIiNews September 14, 2023

Iranians are returning to Dagestan with a new group visa waiver programme between Tehran and Moscow. Locked away from Derbent for 300 years, direct flights to the region will start on September 20.

G20 underlines that fracturing is becoming a reality

Ben Aris in Berlin September 14, 2023

The G20 summit which concluded yesterday in New Delhi supported our view that the global economy is fracturing into US and China-led blocs, and that India still leans to the former.

Ukraine winter preparations in final stage with a month to go

bne IntelliNews September 13, 2023

With a month to go before the heating season starts, Prime Minister of Ukraine Denys Shmyhal says preparations for the upcoming cold season are in their final stages and the country is almost ready for the cold season.

THE VIEW FROM MITTELEUROPA: Austria struggles to kick addiction to Russian gas

Marcus How of VE Insight in Vienna September 13, 2023

But cold turkey looms at the end of next year when Ukraine looks set to suspend pipeline shipments.