Eastern Europe / News

Hungary secures increase in Russian gas supply

bne IntelliNews August 15, 2022

Under the agreement, an extra 2.6mn cubic metres per day of gas will arrive in Hungary’s south from the TurkStream pipeline up until the end of August.

Bosnia's Republika Srpska seeks stronger economic ties with Russia

Iulian Ernst in Bucharest August 14, 2022

New trade opportunities expected for Republika Srpska after Bosnian Serb politicians block imposition of sanctions over Ukraine invasion.

bneGREEN: Germany’s nuclear crunch challenges green future

Richard Lockhart in Edinburgh August 12, 2022

Support for nuclear power has surged in Germany as the government ponders how to keep the lights and heating on this winter while meeting demand from industry, despite likely vastly reduced imports of Russian gas.

Government claims three quarters of foreign companies in Russia are still working

Ben Aris in Berlin August 11, 2022

The Kremlin has now banned companies in the financial, fuel and energy sectors from leaving the country.

Moldova says it won't be able to make next payment to Gazprom

bne IntelliNews August 11, 2022

Failure to make the up-front payment may result in disruption of gas supplies in the first days of September.

Russia resumes oil supplies to Slovakia and Hungary but imports to Czechia remain halted

bne IntelliNews August 11, 2022

Hungary's MOL group pays for Transneft's transit fee to Ukrtransnafta, ending cut-off caused by 'administrative glitch'.

Ukraine will receive $5.5bn in support from the US later this month

Dominic Culverwell in Berlin August 10, 2022

The United States is to send Ukraine financial assistance totalling $5.5bn. This includes $4.5bn for urgent budgetary needs and $1bn in military support.

Envoy says start made on construction of Turkish attack drone factory in Ukraine

bne IntelIiNews August 9, 2022

Kremlin responds that plant would obviously be target for its missiles.

Huge explosion rocks Russian airbase on the Crimean peninsula

bne IntelliNews August 9, 2022

A huge explosion rocked a Russian airbase in the Crimea in what may have been the first Ukrainian missile strike deep in the occupied peninsula on August 9.

Russia cuts oil flow via Ukraine's Druzhba pipeline, blaming sanctions for blocking transit payments

bne IntelliNews August 9, 2022

Cut-off will hit the Czech Republic, Hungary and Slovakia hardest, as they rely heavily on imports via the Druzhba pipeline.

Croatian president says Western sanctions aren’t working

bne IntelliNews August 9, 2022

Often criticised for his soft stance on Moscow, President Zoran Milanovic claims sanctions are hurting Croatia but not Russia.

Kosovo’s PM Kurti says risk of new conflict with Serbia is high

Valentina Dimitrievska in Skopje August 9, 2022

Albin Kurti claims Russia contributed to recent standoff between Kosovo and Serbia, and fears new wars could break out in Moldova and the Western Balkans.

Western capitals wonder what kind of sanctions deal Erdogan may have cooked up with Putin

bne IntelIiNews August 7, 2022

Mindful of Turkey’s own economic and strategic interests—and his poor re-election prospects—the Turkish leader met his Russian counterpart in Sochi.

The Guardian confirms aspects of the controversial Amnesty International report on Ukraine’s alleged war crimes

bne IntelliNews August 7, 2022

British newspaper The Guardian confirmed some aspects of the highly controversial report released last week by Amnesty International claiming that the tactics of Ukraine’s forces were endangering civilians and could be considered war crimes.

Turkey’s port warehouses reportedly packed full with goods bound for Russia

bne IntelIiNews August 4, 2022

US said to be wary of Nato member country turning into an anything-goes bolthole for Russians looking to shield business and assets from Western sanctions.

Moscow ready for new Ukraine peace talks

bne IntelliNews August 4, 2022

Moscow is ready to begin peace talks on bringing the war in Ukraine to a halt, according to ex-Chancellor Gerhart Schroeder, who has just spent the last few days in Moscow and met with Russian President Vladimir Putin.

Analysts say Kremlin’s launch of Iranian satellite may be leverage move to obtain drones

Will Conroy in Prague August 4, 2022

World’s most sanctioned nations Russia and Iran have lately struck deals in areas including aviation, transit, food commodities and oil and gas.

OPEC+ tiny production increase is a slap in face for Biden

Ben Aris in Berlin August 4, 2022

Arab oil exporters responded to a visit by US President Joe Biden to the region in July with the smallest increase in quotas in history – just 100,000 barrels per day at an OPEC+ meeting in Vienna on August 3.

Social media post on Russian ex-president’s account calls Kazakhstan and Georgia ‘artificial creations’

bne IntelIiNews August 3, 2022

Aide claims Dmitry Medvedev was hacked. Text said territories of the two ex-Soviet states must be returned to Russia.

One of Ukraine's richest tycoons killed after Russian missiles hit his bedroom

Dominic Culverwell in Berlin August 2, 2022

One of Ukraine’s wealthiest men, Oleksiy Vadaturskyi, and his wife, Rayisa Vadaturska, were killed after a Russian strike hit their bedroom in the southern port city Mykolaiv on July 31.