The ins and outs of Nord Stream 2's certification

bne IntelliNews November 5, 2021

Exactly when Nord Stream 2 will be up and running is still unclear, but there are three main scenarios outlined in the following analysis.

Sberbank Europe to sell Hungarian unit and four other subsidiaries in CEE region

bne IntelliNews November 4, 2021

Buyer is Serbian tycoon Miodrag Kostic, who has built a financial empire with AIK Banka and Gorenjska Banka of Slovenia.

bneGREEN: Coal dominates at COP26 as more countries join the clean transition

Richard Lockhart in Edinburgh November 4, 2021

Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.

bneGREEN: Climate Investment Funds issues new generation of green bonds worth $500mn

Richard Lockhart in Edinburgh November 4, 2021

The World Bank has backed the issue of $500mn of green bonds ever year for 10 years in a bid to raise private capital to scale up clean energy and sustainable infrastructure in emerging economies.

Books covered early in Russia’s Mercury Retail IPO

bne IntelIiNews November 4, 2021

The smokey mountain city rising

James C. Pearce November 4, 2021

Yekaterinburg is on the up as climate change creeps in.

EBRD lifts emerging Europe forecasts but warns of threats ahead

bne IntelliNews November 4, 2021

The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.

Tajik labour migration to Russia hits historic high, officially

Kamila Ibragimova for Eurasianet November 4, 2021

More than a fifth of Tajikistan’s total population has entered Russia so far this year.

INTERVIEW: Vyacheslav Fetisov, Russian ice hockey legend and UN Goodwill Ambassador

bne IntelIiNews November 4, 2021

As world leaders prepare to leave the COP26 UN climate change conference in Glasgow, Vyacheslav Fetisov, a two-time Olympic gold medalist in Ice Hockey and committed environmentalist, talks about Russia's plans

bneGREEN: Russian government approves carbon neutrality by 2060

bne IntelliNews November 3, 2021

Russia's Prime Minister Mikhail Mishustin has announced the signing of the 2050 Low Carbon Strategy, previously drafted by the Ministry of Economic Development and taking an "intensive" trajectory that implies carbon neutrality by 2060.

Russia’s service PMI stumbles as fresh wave of the coronavirus epidemic sweeps the country, index falls to 48.8

bne IntelliNews November 3, 2021

The seasonally adjusted IHS Markit Russia Services Business Activity Index registered 48.8 in October, down from 50.5 in September, to signal the fastest contraction in Russian service sector business activity since December 2020.

UK medical journal The Lancet publishes study, finds the one-shot Sputnik Light vaccine safe and effective

bne IntelliNews November 3, 2021

Russia’s sovereign wealth fund, RDIF, reported the results of a study in Sputnik Light's efficacy by inventor Gamaleya Center in the prestigious UK medical journal The Lancet that found the one-jab is safe and effective.

bneGREEN: COP26 finds renewed commitment to 1.5°C

Richard Lockhart in Edinburgh November 3, 2021

The US has joined the High Ambition Coalition and has signed up to the goal of limiting global warming to 1.5°C by 2100, halving global emissions by 2030 and making good on the promise of $100bn per year of climate finance for poor nations.

Lithuanian company Run Engineering accused of busting EU sanctions, to sue its Russian partner

bne IntelliNews November 2, 2021

A few months ago, Europe was hit by yet another scandal when the Lithuanian subsidiary of a Cypriot holding, Run Engineering, was accused of exporting dual use goods to Crimea, breaching EU sanctions on trade with the peninsula.

Russia’s unemployment rate falls back to historic low of 4.3% in September from corona peak of 6.4% in August 2020

bne IntelliNews November 2, 2021

Russia's unemployment rate decreased to 4.3% in September 2021 from 4.4% in the previous month and below market forecasts of 4.5%.

Russian retail sales surge 5.6% y/y in September on the back of real income growth, savings spending

bne IntelliNews November 2, 2021

Retail sales in Russia surged 5.6% year on year in September of 2021, accelerating from a 5.3% increase in the previous month, above market expectations of a 3.8% rise.

bneGREEN: Russian miners bring surprise nugget to the surface for global carbon fight

James Blake in Melbourne November 2, 2021

For a world increasingly focused on global warming, the Russian mining and metals sector wouldn’t ordinarily be the first place to look for good news. But a new report says the leading companies are cleaning up their act.

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.