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Chinese President Xi Jinping just arrived in Moscow on a three-day state visit to Russian President Vladimir Putin that provides the Kremlin with a fig leaf of legitimacy for its military campaign in Ukraine and also promotes China to the top table.
Analysts predict the CPI to embark on an extended descent that might see the index down at around 10% y/y at the end of the year.
One year after Russia’s invasion of Ukraine upended agricultural commodity markets, food prices remain elevated even after retreating from their record highs in early 2022.
French President Emmanuel Macron is in Africa. US Secretary of State Antony Blinken has just been to Central Asia before visiting India, and Russian Foreign Minister Sergei Lavrov has just completed a tour of Africa, India and the Caucasus.
Russia has managed to largely bypass Western sanctions on technology and semiconductor imports to supply itself with technology to keep its economy working and build sophisticated weapons.
Russia's oil product exports have slumped by 20% in February, marking the lowest level since May 2022, according to tanker tracking data reported S&P on March 2 in a note. Shipborne exports of crude, however, have held up well and remain robust.
Grodno Azot has found a way to evade European sanctions by using shell companies that smuggle sanctioned fertiliser exports into Europe via truck and rail, says Belarusian Investigative Centre.
The discounts Russia is being forced to offer on its oil exports after twin sanctions were imposed look big, but thanks to huge changes in the market the real price Russia gets for its oil is much higher.
How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.
Sub-Sahara Africa’s half dozen MSCI frontier index markets were flat in January, after the region was down 25% last year compared with the composite 30%. Tiny Senegal was the only slight gainer ...
A vicious corporate dispute has erupted between Argentem Creek Partners, a US hedge fund, and the GNT Group, owner of a grain port terminal in Odesa participating in the critical Grain Corridor Initiative.
The EBRD lowered its forecasts for more than half its 36 countries of operation, anticipating average growth of just 2.1% this year.
The London Metal Exchange (LME) has published its first report breaking down inventories by country of origin, showing a large increase in the proportion of Russian metal sitting in the exchange’s warehouses.
China was already Russia biggest individual trade partner before the war in Ukraine started, but since then it has expanded its role and stepped into the gap created by sanctions, especially in providing Russia with crucial access to microchips.
Consumer prices in Hungary rose 25.7% year-on-year in January, accelerating from a 24.5% growth in December.
Analysts expect the NBP will announce an official end to the tightening cycle at its March meeting.
Friendshoring has replaced nearshoring after the invasion of Ukraine, benefiting Western-aligned states but causing a shift away from Serbia.
The Russian economy is starting 2023 in a far better state than many had anticipated in the spring following the invasion of Ukraine and ensuing Western sanctions.
The value of imports into Russia in the fourth quarter of 2022 decreased at a slower pace year on year, the Central Bank of Russia (CBR) reported on January 26. The positive ...