France is rapidly losing its influence in Africa as country after country rebel against their former colonial master and rally to the new BRICS bloc.
In mechanical and electrical equipment, where Latvian exports to Russia fell by a quarter last year, growth in Kazakhstan, KyrgyzstanArmenia was between five and 12 times.
Proposals come as Turkey attempts to broker a deal between the West and Russia after the Kremlin pulled out of the agreement.
The unprecedented and extensive sanctions to limit Russia’s oil export income have successfully reduced Russia’s export earnings and budget revenues, but via various scams Russian companies have built up a slush fund of some $200bn abroad.
The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index was up slightly in August to 52.7 from the previous month’s 52.1 in July, “pointing to a solid strengthening of operating conditions".
Europe has cut itself off from Russian gas following the destruction of the Nord Stream 1 & 2 pipelines last year, but imports of Russian liquefied natural gas have soared as it seeks sources of fuel and has few other options. Or does it?
After three months of a stalemate, the Armed Forces of Ukraine (AFU) seem to be finally making progress against Russia in the south-eastern offensive.
Prosecutors are probing allegations that Bulgarians officials secretly met sanctioned Russians to speed up construction of the local stretch of the TurkStream pipeline.
Russia’s inflation accelerated to 5.03% on August 22-28 from 4.88% in the previous week, the Economic Development Ministry reported on August 31. (chart)
Russia’s unemployment rate fell to a fresh all-time low of 3% in July, down from 3.1% in June, Rosstat reported on August 30.
Russia’s unemployment rate just fell to a new all-time low of 3% and the latest data on economic activity during July paints a picture of robust retail sales performance on the back of rising real and nominal wages that are fuelling consumption.
In July, Russian President Vladimir Putin’s approval rating was 82%, according to the last available Levada centre poll.
His Kazakhstan-based brokerage has come under attack from short-seller Hindenburg Research for alleged sanctions busting and money laundering.
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
Business confidence has made a remarkable recovery in recent months after it collapsed to a low of -7.2 points in August last year following the start of the war. But now it is back in the black thanks to heavy state spending.
Five Russian regions were hit with a wave of Ukrainian drone strikes on the night of August 30, in a widespread attack targeting Central Russia, as well as the Pskov region and Sevastopol.
Binance is re-evaluating its Russian business with an option of full withdrawal, the Wall Street Journal reported citing the representatives of the world’s largest cryptocurrency exchange.
Kremlin-friendly government has yet to denounce textbook attacking the 1956 revolutionaries, a key source of identity for many Fidesz supporters.
The Kremlin has approved the “candidate” list for those that will run against Russian President Vladimir Putin in the 2024 presidential elections. The list has no young people on it, and none of them is expected to come anywhere close to winning.
Outbound Russian tourism is recovering fast, the choice of destination has changed since the disruptions caused by the coronavirus pandemic and sanctions.