Eastern Europe / News

Russian Olympic athletes should be allowed to compete under the Russian flag says businessman Alisher Usmanov

Ben Aris in London December 8, 2019

​Russian oligarch and president of the Olympic fencing committee Alisher Usmanov weighed into the doping scandal on December 6, sending a letter to the Olympic committee saying competing under the national flag is a right, not a privilege.

Putin accuses Bulgaria of deliberately delaying Turkish Stream

Denitsa Koseva in Sofia December 4, 2019

Russian president claims Bulgaria is under "international pressure" to delay pipeline project, while section via neighbouring Serbia is nearly finished.

The price Europe pays for Russian gas fell to its lowest level in 15 years

bne IntelliNews December 4, 2019

The price Europe pays for Russian gas fell to its lowest level in 15 years, according to Russian national gas company Gazprom’s accounts.

Attacks on the National Bank of Ukraine escalate

Ben Aris in Berlin December 3, 2019

The attacks and intimidation on the National Bank of Ukraine, allegedly being carried out by oligarch Ihor Kolomoisky, went up a notch on December 3 when protestors targeted the private residence of NBU governor Yakiv Smolii.

Russia's $55bn Power of Siberia gas pipeline to China comes online

bne IntelliNews December 3, 2019

Russia’s Gazprom flagship Power of Siberia gas pipeline mega-project that connects Russia’s Siberian gas fields with China came online on December 2, after the investment of billions of dollars that will earn the company billions more

Ukraine, Russia discuss new gas transit deal at bilateral meeting

bne IntelliNews December 2, 2019

Ukrainian and Russian ministers extended talks for a new natural gas supply contract though Ukraine at a bilateral meeting in Vienna on November 28, Ukraine's energy ministry said in a press release that day.

Lukashenko, Putin agree on setting up a single market mechanism, merging some government functions

Ben Aris in Berlin December 1, 2019

Belarus and Russia are a step closer to forming a single market, based on the same principles as the European Union, after Belarus' President Alexander Lukashenko and Russian President Vladimir Putin signed an integration deal.

Aeroflot reports improving results, wins two travel industry Oscars

bne IntelliNews November 29, 2019

Russia’s national airline Aeroflot reported improving third quarter results and announced that it had won two awards in the so-called travel industry Oscars for best airline brand and best business class service.

GAZ workers leave for a two week road trip to Germany in bid to save the company

Ben Aris in Berlin November 29, 2019

Ten workers from the GAZ car factory set off from the company’s home town of Nizhny Novgorod on a two week road trip via Belarus, Poland, Czechia and Austria to Germany to raise awareness of the company’s plight.

National Bank of Ukraine accuses oligarch Kolomoisky by name of attacks and intimidations

bne IntelliNews November 28, 2019

Ukraine’s National Bank of Ukraine (NBU) for the first time directly accused oligarch Ihor Kolomoisky for orchestrating a sustain campaign of physical attacks and “terror” intimidations against the bank’s current and former staff.

Pompeo “concerned” by reports of F-16s flying over Ankara to test Russian S-400s

bne IntelliNews November 26, 2019

Meanwhile, head of Russian state arms exporter Rosoboronexport refers to “big plans” for military technical cooperation between Moscow and Ankara and report emerges of Turkey blocking Nato defence plan for Poland and Baltics.

Chinese flock to Lake Baikal on holiday

Ben Aris in Berlin November 26, 2019

Russia has become a favourite holiday spot for the newly affluent Chinese middle class, as they find it inviting and cheap.

Russia to launch world's cheapest e-car Zetta in 2020

bne IntelliNews November 25, 2019

Russian Engineering and Manufacturing Company will launch the first domestically made electric car Zetta (Zero Emission Terra Transport Asset) in 2020

IMF leaves Kyiv without a deal again

Ben Aris in Berlin November 24, 2019

Talks floundered on concerns about the hold oligarch Ihor Kolomoisky has over the president, the independence of the National Bank of Ukraine and the exclusion of foreigners from the mooted creation of a land market.

Mystery buyer snaps up 3.6% of Gazprom with discount in second SPO this year

bne IntelliNews November 22, 2019

Russian natural gas giant Gazprom sold 3.59% of its quasi-treasury shares at RUB220.7 per share, making a sizable 13% discount to market. Notably, the buyer of the stake is not disclosed, making it the second mystery SPO this year in Russia's largest

Russian Rosatom nuclear agency eyes maritime shipping market

bne IntelliNews November 22, 2019

Russian state nuclear power agency Rosatom is planning a massive expansion in the maritime shipping market with an investment of up to $7bn

Baring Vostok cancels plans for $1.3bn sixth fund

Ben Aris in Berlin November 22, 2019

Leading Russian fund Baring Vostok has cancelled plans to raise a sixth fund that could have been worth $1.3bn, as five of its senior managers face fraud changes and three of them languish in prison.

Russians involved in large-scale intelligence operation in Serbia, President Vucic says

Denitsa Koseva in Sofia November 22, 2019

Vucic says “no logic” to spy affair that surfaced days before his visit to Moscow, given warm relations between two states.

Putin says humanity will end up in caves if it abandons hydrocarbons

bne IntelliNews November 21, 2019

If humanity completely abandons hydrocarbons in the energy sector it will “end up in caves”, Russian President Vladimir Putin told delegates at the VTB Russia Calling investment summit.

EU brands Belarus parliamentary elections "lost opportunity", Lukashenko's girlfriend becomes MP

bne IntelliNews November 20, 2019

The European Union has joined the chorus of critics of the November 17 elections in the lower chamber of parliament in Belarus, which are widely believed to be rubber-stamped by the nation's authorities.