NEO: Why pick-up points for online orders are gaining popularity vs. home delivery
First sighting of Belarusian jailed opposition leader Viktor Babariko in two years
Russia, Belarus make first cross-border digital financial asset transactions
Belarus tests new BUK missile system as a low-key arms race in Eastern Europe gathers momentum
Mongolia revives traditional "Ghengis Khan" script bichig
RuNet sees its second big outage since January
Russian presidential adviser warns Moldova may “cease to exist”
MOSCOW BLOG: Russia's looming credit crisis
COMMENT: Gulf states court Russia but stop short of strategic shift
New US oil sanctions, attack on Turkstream shake up global energy markets
Russia’s war machine fed by free-flowing exports of Uzbek “guncotton” pulp, say reports
airBaltic CEO and IPO under pressure after flight cancellations
COMMENT: The EU’s Green Deal is a “policy disaster”
Damage of key infrastructure on the seabed of the Baltic raises security concerns, calls for Nato involvement
Telia willing to sell its Latvian operations back to government if price is right
Czechia wraps up work on pipeline expansion to end reliance on Russian oil
Czech industry falls by 2.7% y/y in November in another disappointing performance
EBRD delivers 26% expansion in investments in 2024, commits record €16.6bn across economies
Czech police request parliament strip far-right leader of immunity
China's Xinzhi creates 900 jobs with €120mn investment in Hungary
Hungary's industry mired in recession in November as October bounce proves one-off
German electricity prices highest in Europe, 70% above the European average, with Hungary's the lowest
US sanctions key Orban ally for corruption
Poland says Netanyahu can come for Auschwitz anniversary despite ICC warrant
EU presidency passes from Putin-whispering Hungary to hawkish Poland
Polish manufacturers go deeper in downturn mode in December
Slovakia’s populist PM Fico faces no-confidence motion
Slovakia’s Fico steps up anti-Ukraine rhetoric over gas cut-off
Absent Slovak premier traced to luxury hotel in Vietnam
Slovakia faces cut-off of Russian gas pipeline supplies
The EU Council calls for a European geothermal action plan
FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown
Slovenia sets up emergency alert system after devastating floods
Albania, Italy and UAE to build €1bn Adriatic subsea cable
BALKAN BLOG: Trump’s annexation remarks risk reigniting Balkan border disputes
Italy eyes restart of Albania migrant processing scheme despite legal hurdles
Albania imposes one-year TikTok ban
BALKAN BLOG: Mass shootings become a powerful impetus for protest in the Western Balkans
BALKAN BLOG: What Grenell’s return means for US diplomacy in the Balkans
Inspired by Trump, Bulgarian far-right leader wants to annex North Macedonia and parts of Ukraine
Kazakhstan’s KazMunayGas reportedly bids for Lukoil’s Bulgarian asset
Greeks cross border for cheap clothes, food and fuel after Bulgaria enters Schengen zone
Dispute with Croatia over Jadran training ship could block Montenegro’s EU entry
Koncar fuels record surge on Zagreb Stock Exchange
Croatia’s incumbent President Milanovic wins landslide re-election
President Milanovic poised for landslide re-election in Croatia
Kosovo shuts down Serbian parallel institutions, escalating tensions with Belgrade ahead of elections
Nato chief warns of destabilisation risk around Kosovo's February general election
Leader of Moldova’s separatist Transnistria flies to Moscow to settle energy crisis
BALKAN BLOG: Giving free energy to Transnistria could thwart Russia’s plans for Moldova
Thousands of Montenegrins demand resignation of ministers after Cetinje shooting
Gunman kills 12 in Montenegro mass shooting
North Macedonia's central bank lowers key interest rate by 0.25 pp to 5.55%
Inflation returns to above 5% y/y at end-2024 in Romania
Net FDI in Romania dips in 2024
Romania’s political deadlock deepens as nationalists rise
Serbia mulls referendum on its president
Putin-Trump summit planned — but where will it happen?
TurkStream is now the only route for Russian gas to Europe
Turkish issuers sell record $33bn of eurobonds in 2024
Russia’s Rosatom plans legal action over non-delivery of Siemens Energy parts for Turkey’s first nuclear plant
34 companies raise 60bn lira via Istanbul IPOs in 2024
PANNIER: Tajikistan, Taliban tone down the hostile rhetoric
Central Asia emerges as new e-commerce hub
Growing Islamic finance in Central Asia to unlock GCC investment
CSTO states express serious concern over terrorist threat in Afghanistan
Armenian prime minister discusses EU membership plans with European Council president
OUTLOOK: Caucasus 2025
Armenia approves EU membership bid further straining ties with Russia
Former Karabakh leader Ruben Vardanyan faces life in prison
Gas exports to Europe to boost Azerbaijan's growth over next decade
Azerbaijan’s Aliyev sees potential alignment with Trump, criticises Biden administration
Georgians still resisting: the view from Rustaveli
Georgian Dream MPs attack Georgian citizen in Abu Dhabi restaurant
Georgia’s once vibrant theatres fall silent
Kazakh services conclude 2024 with marginal drop in activity, PMI shows
OUTLOOK: Kazakhstan 2025
Central Asian leaders look to expand mutual trade
China-Kyrgyzstan-Uzbekistan railway officially launched, but sidetracked at least until summer
Smog back with a vengeance in Ulaanbaatar
EBRD warns of risks for emerging markets pursuing industrial policies
A tale of two Tajikistans: the macro and micro realities
PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on
OUTLOOK Uzbekistan 2025
Sanctioned Russian cargo ship sinks in Mediterranean after explosion
Russia's budget oil breakeven price world’s second lowest as oil revenues recover
Southeast European countries look to Algeria to diversify energy supplies
Slovenia turns back to Algerian gas after flirtation with Russian supplies
IEA: Access to energy improving worldwide, driven by renewables
The hurricane season in 2024 was weird
Global warming will increase crop yields in Global North, but reduce them in Global South
Hundreds of millions on verge of starvation, billions more undernourished as Climate Crisis droughts take their toll
Global access to energy starts to fall for the first time in a decade, says IEA
Saudi Arabia hosts kingdom's first Africa summit, to boost ties, promote stability
Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation
Botswana throws the diamond industry a lifeline
Nelson Mandela worried about natural diamonds, Leonardo di Caprio defended them, makers of lab-grown stones demonise them
Botswana’s 2,492-carat diamond discovery is golden opportunity to replicate legendary Jonker diamond's global legacy
Kamikaze marketing: how the natural diamond industry could have reacted to the lab-grown threat
Russia’s Rosatom to support nuclear projects across Africa at AEW2024
JPMorgan, Chase and HSBC reportedly unwittingly processed payments for Wagner warlord Prigozhin
Burkina Faso the latest African country to enter nuclear power plant construction talks with Russia
IMF: China’s slowdown will hit sub-Saharan growth
Moscow unlikely to give up Niger toehold as threat of ECOWAS military action looms
Overcoming insecurity to unlock the Central African Republic’s mineral riches
Russia funding war in Ukraine via illegal gold mining in Africa – WGC report
Rain, rain go away
Africa, Asia most people living in extreme poverty
10 African countries to experience world’s fastest population growth to 2100
EM winners and losers from the global green transformation
Russia seeks to expand its nuclear energy dominance with new international projects
Russia blocks UN Security Council resolution on Sudan humanitarian crisis
G20 summit wraps up with a joint statement strong on sentiment, but short on specifics
SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza, says UNCCD
Southern Africa has 'enormous' potential for green hydrogen production, study finds
Malaysia seeks BRICS membership
Kazakhstan has no plans to join BRICS, says Astana
Sri Lanka to apply for BRICS membership
From oil to minerals: Gabon’s ambitious mining transition
How France is losing Africa
Guinea grants final approvals to Rio Tinto for $11.6bn Simandou iron-ore project
Kenya’s untapped mineral wealth holds the promise of economic transformation
US adds 17 Liberian-flagged bulk carriers and oil tankers to Russian sanctions-busting blacklist
Panama and Liberia vying for largest maritime registry
Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans
Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
Libya’s mineral riches: unlocking a future beyond oil
Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali
Can Morocco's phosphate wealth put it at the centre of the global battery supply chain?
Hajj aftermath: deaths, disappearances and detentions spark investigations across world
Sri Lanka's LTL Holdings targets African power sector
Russia's nuclear diplomacy binding emerging markets to the Kremlin
Can Niger's military junta seize the country's uranium opportunity?
Disaster season: heat waves sweep the world – in charts and maps
AI will be a major source of GHGs by 2030, says Morgan Stanley
Niger and beyond: Francophone credit delivers coup de grâce
EBRD 2023: Bank to expand into the whole of Africa plus Iraq
Global coal trade approaches its peak
The world has passed peak per capital CO₂ emissions, but overall emissions are still rising
Trump threatens BRICS with tariffs if they dump the dollar
SITREP: Middle East rapidly destabilised by a week of missile strikes
Colombian mercenaries trapped in Sudan’s conflict
Air France diverts Red Sea flights after crew spots 'luminous object'
COMMENT: Tunisia on the brink of collapse
Tunisian President Kais Saied re-elected for second term
WHO declares "global public health emergency" owing to mpox outbreak in Central Africa, new virus strain
Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US
Cost of repairing Syria’s power infrastructure put at $40bn by electricity minister
Indian banks' profitability to moderate in FY26
Former chief of the Bank of Japan sees more rate hikes on the horizon
Is China ready for Trump’s tariff threats?
Renewables Down Under, and under the Long White Cloud
CHN Energy connects Rudong Solar Hydrogen-Storage project to the grid in China
Microsoft to invest $3bn in India
International highway tears through Bosnia’s rural heartlands
Japan’s ramen shops face crisis as rising costs push more to bankruptcy
Seoul-listed DoubleU acquires 60% stake in Turkey’s Paxie Games for $27mn
Singapore’s PacificLight Power embarks on $735mn hydrogen power plant project
India's Competition Commission approves major steel industry acquisition
Trump vows to block Nippon Steel's $14bn bid for US Steel
HESS: Mongolia’s unique success story between rock and a hard place at risk
Mongolia copper-gold discovery hailed for “globally significant” prospects
Starlink satellite internet has more than 30,000 users in Iran
Russia sells stakes in Kazakhstan uranium JVs to China
Bahrain's security chief meets Syrian commander amid diplomatic push
Bahrain and Iran to begin talks on normalising relations
Saudi Arabia, Bahrain and Kuwait set to offer Russians visa-free entry
Iran showcases new spy ship to monitor Gulf
Iranian influx to Venezuela via Colombia triggers regional security fears
Iran calls nuclear talks with E3 serious, constructive
OUTLOOK Iran 2025
UK crime agency helps Iraqi forces arrest three Kurds over people smuggling
Britain signs landmark Iraq deal including migrant returns accord
UK and Iraq sign GBP12.3bn partnership deal
Israel and Hamas near hostage deal as mediators report breakthrough
Biden imposes chip export controls on Israel in final days
Iran reveals underground missile base used in Israel strikes
Damascus International Airport resumes operations
Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
Qatar-Turkey-Europe gas pipeline ambition could be back on following fall of Assad
As jubilant Syrian refugees in Turkey celebrate Assad downfall, analysts wonder what comes next in power vacuum
Syrian foreign ministry urges Kuwait to reopen embassy in Damascus
Kuwait greenlights tax deal with Iraq to prevent double taxation
Iran demands 'equal footing' with Kuwaiti and Saudi plans to drill for gas in Gulf
ICJ's Nawaf Salam appointed as Lebanon's new Prime Minister
Lebanon faces a new phase: will Hezbollah surrender its weapons to the state?
Lebanon ends two-year void with military chief Aoun as president
Lebanon seizes alleged Iranian cash transfer to Hezbollah from diplomat
US winds down Guantanamo Bay with removal of Yemenis to Oman
So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel
ANALYSIS: Regional escalation on the table following Israeli strike on Iran
Syria seeks Qatar support in rebuilding effort as ministers meet in Doha
Qatar joins regional powers in Damascus diplomatic outreach
Yemen launches missile at Israeli base amid US-UK airstrikes escalation
Iran's former foreign minister proposes new MWADA regional security framework
Germany ignored multiple warnings by Saudi Arabia before Magdeburg attack
New Syrian leadership pledges reforms in talks with Italy
Risk of Israel-Turkey war in new Syria assessed by Israeli government commission
Dubai's Damac plans $20bn US data centre investment
Israel launches biggest strike in Yemen, killing 40 people
Argentina announces ambitious nuclear programme linked to AI development
Latin America set for tepid growth as Trump tariff threat looms, ECLAC says
Latin America urged to boost tax take and private investment to close development gap
IMF: Breaking Latin America’s cycle of low growth and violence
COMMENT: Trump’s White House picks signal rocky start with Latin America
Latin America trapped in low growth cycle, ECLAC warns
Bolivian President Arce declares "coca is not cocaine" as country expands coca industry
Bolivia's lithium deals with Russia, China raise sovereignty concerns as state bears heavy risks
Bolivian ex-president Evo Morales faces formal charges of human trafficking
Geothermal energy poised for major global expansion, says IEA chief Fatih Birol
US-Cuba rum war spills over as Biden law stirs Havana Club row
Brutal gang violence over failed voodoo spell claims nearly 200 lives in Haiti's capital
Russian exiles flee war and persecution, seeking refuge in Mexico
Mexico's new leader enjoys strong public backing despite security woes
Mexican cartel boss who created fearsome Zetas returns to face justice after US deportation
Panama rejects Trump's military threats over canal control
Paraguay stands firm with Taiwan amid growing Chinese pressure
Murder exposes secret prostitution ring in Peruvian Congress
BRICS bank chief touts Uruguay membership in Montevideo talks
Venezuela’s Maduro sworn in for third term as international criticism mounts
Venezuelan opposition leader Machado released after brief detention
Venezuela detains US citizens and foreign "mercenaries" ahead of Maduro inauguration
Bangladesh’s BNP urges interim government to expedite elections
Bangladesh revokes former Prime Minister Hasina’s passport
Bangladesh explores tank purchase from Turkey as India receives request for Hasina’s extradition
Controversial 10-GW hydropower project in Tibet greenlit by Beijing
China's coast guard deployment raises tensions in South China Sea, Philippines protests
Balancing growth and sustainability: Southeast Asia’s energy dilemma
US imposes preliminary duties on Southeast Asian solar imports
Angkor Archaeological Park attracts nearly 700,000 foreign tourists in nine months
Peru's APEC summit exposes trade tug-of-war between Beijing and Washington
Rising gold ETF inflows set to drive global bullion prices
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Gazli Gas responds to reports on Uzbekistan project, refutes any suggestion sanctioned individuals are involved
Navigating the four year long India-China border standoff
US to remove barriers to nuclear collaboration with India
Indonesia joins BRICS despite concerns over potential Trump threats
BRICS expands membership, adding Indonesia, Malaysia, and Thailand
Former bank employee in Japan arrested in $1.6mn gold heist
North Korea escalates tensions with ballistic missile launch ahead of Trump's inauguration
Japan's wage surge fuels expectations of January BOJ rate hike
BCPG to invest $945mn in power projects, prioritising clean energy
Hundreds of children killed or injured in Myanmar in 2024: UNICEF
Myanmar junta to allow observers for controversial 2025 election amid ongoing conflict
Over 120 dead as powerful tremor hits Tibet
Nepal floods - death toll rises to 209
Kolkata hospital rape and murder case sparks international outcry, raises questions
South Asia hit by floods and landslides after heavy rainfall
Prosecution, overthrow or death – how most South Korean presidents have met their political end
North Korea claims breakthrough with new hypersonic missile test
North Korea’s missile support to Russia raises alarms at UN
Russia’s arms exports slump, Kremlin preparing for possible war with Nato
Security personnel dead as Imran Khan’s supporters breach Islamabad lockdown
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Papua New Guinea tribal conflict leaves 30 dead amid gold mine dispute
Extreme weather surges in 2024
ING: India is likely to remain the region's fastest growing country in 2025
Asia’s shipbuilding renaissance: record orders and rising prices
Kamala Harris to visit Singapore, Bahrain and Germany on final vice-presidential overseas trip
South Korean investigators enter presidential compound, detain Yoon Suk Yeol
Impeached South Korean president's aide pleads to halt detention efforts as political tensions escalate
Sri Lanka’s merchandise exports in October up 18.22%
A surge in influenza cases, rare COVID symptom hit Taiwan as Lunar New Year approaches
China denies involvement in Taiwan's undersea cable damage amid rising tensions
Pompeo eyes continuity in US-Taiwan policy under Trump’s second term
BYD sales soar signalling a shift in global EV market dynamics
German Prosecutors Confirm Termination of Money Laundering Investigation Against Alisher Usmanov
Comments by President of the Russian Fertilizers Producers Association Andrey Guryev on bilateral meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin
PhosAgro/UNESCO/IUPAC green chemistry research grants awarded for the 8th time to world's best young scientists
PhosAgro Tops RAEX ESG Ranking
Download the pdf version
Try PRO
The prospect of the renewed Vienna talks on restoring the 2015 nuclear deal collapsing next week seemed very real by the end of December 3 as Europe claimed that Iran had undone all previous diplomatic progress while accelerating its nuclear development programme.
Diplomats representing the E3, namely the three European powers at the talks—nuclear deal signatories Britain, France and Germany—expressed their disappointment at the negotiations reaching an impasse in a statement reading: “Tehran is walking back almost all of the difficult compromises crafted after many months of hard work [in the first phase of the talks]. Over five months ago, Iran interrupted negotiations. Since then, Iran has fast-forwarded its nuclear programme. This week, it has backtracked on the diplomatic progress made.”
The White House said Tehran did not bring any "constructive proposals" to the renewed negotiations
If the talks founder and Iran continues developing its nuclear programme beyond the bounds of the nuclear deal—also known as the JCPOA—it risks an attack by Israel, which is concerned at how near the Iranians are to enriching uranium to a level of 90%, the level needed to provide fissile material in the production of a nuclear bomb. At the same time, Israel has acknowledged that even with such material it would take the Iranians around five years to assemble a nuclear weapon. Tehran, for its part, denies ever having had an ambition to build a nuclear bomb and accuses the Israelis of trying to poison the atmosphere of the Vienna talks with lies about its activities.
‘Unclear how gaps could be closed’
The EU’s chief negotiator, Enrique Mora, said the talks were suspended but would reconvene next week, while warning that two drafts presented by Iran—on sanctions the US would be required to lift and on what Tehran would be required to do to bring it back into full compliance with the JCPOA—posed a big problem. It was, said Mora, “unclear how these new gaps [in the negotiating positions] can be closed in a realistic timeframe on the basis of Iranian drafts”.
US Secretary of State Antony Blinken said: "What we've seen in the last couple of days is that Iran right now does not seem to be serious about doing what's necessary to return to compliance, which is why we ended this round of talks in Vienna.
"We're going to be consulting very closely and carefully with all of our partners in the process itself... and we will see if Iran has any interest in engaging seriously."
Iran’s top negotiator at the talks, Ali Bagheri Kani, was quoted by Iranian state broadcaster IRIB as rejecting the European response to the Iranian drafts, saying before he left Austria for Iran: "There is no problem if the Europeans also provide drafts, and they can be discussed, but they must be based on principles approved by both sides."
In an interview with Aljazeera, Bagheri Kani said Iran’s drafted proposals “cannot be rejected” as they were “based on the provisions of the 2015 agreement”. A third draft “mainly on the verification process [on compliance with the JCPOA] and the guarantees Iran is requesting from the world powers in order to revive the nuclear deal” would be presented, he added.
Returning home to consult
Prior to the reconvening of the talks, the delegations in the Austrian capital will return home to consult with their governments to seek instructions on whether the gaps can be closed. As well as the Iranians, British, French and Germans, the two other remaining JCPOA signatories, Russia and China, are attending the talks. The US has a delegation present that is being kept in touch with developments in the talks by European intermediaries, an indirect approach made necessary because the Iranians refuse to deal with the Americans face to face.
Iran has increasingly breached the JCPOA since, in May 2018, then US president Donald Trump unilaterally pulled Washington out of the agreement, even though Iran at the time was in full compliance with it in the assessment of UN nuclear inspectors. Arguing the deal should be tighter, Trump hit Iran with swingeing economic sanctions in an attempt at forcing Tehran to accept tougher curbs on its nuclear activities, as well as restrictions on its ballistic missile programme and a withdrawal of Iranian support for various militant groups in various Middle East conflict zones.
‘Thin acknowledgement’
The hardline government that came into office in August in Iran is clearly unhappy at the thin acknowledgement from the E3 and the US when it comes to the fact that it was the Americans who wrecked the application of the JCPOA in the first place by abandoning it even though it was functioning as required.
The Trump sanctions have caused Iran immense economic damage and there are hardliners who say it will never be possible to trust the West, thus Iran should continue on a path of self-reliance and resilience, with a focus on economic potential that can be realised via trade and investment with Russia, China, other parts of Eurasia and beyond. At the same time, there are no guarantees that such a long and arduous path would prove fruitful enough and, with growing discontent in Iranian society over a lack of economic opportunities, other voices argue that Iran needs to come back into compliance with the JCPOA to quickly unlock wider trade and investment possibilities.
One concern of EU diplomats at the talks is that Iran’s proposals require the US to lift some sanctions imposed by President Joe Biden that are unrelated to the nuclear deal. The US is likely to baulk at that.
Mohammed Morandi, a member of the Iranian negotiating team in Vienna who serves as the team’s spokesperson, accused Biden of criticising Trump’s policy of maximum pressure against Iran but then sticking with the same policy.
Register here to continue reading this article and 8 more for free or purchase 12 months full website access
Register to read the bne monthly magazine for free:
Already registered
Google Captcha Failed!
Password could contain only a-z0-9\+*?[^]$(){}=!<>|:-_ characters and have 8-20 symbols length.
Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
Forgotten password?
Email field can't be empty.
No user with this email address.
Access recovery request has expired, or you are using the wrong recovery token. Please, try again.
Access recover request has expired. Please, try again.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
If you have any questions please contact us at sales@intellinews.com
Sorry, but you have used all your free articles fro this month for bne IntelliNews. Subscribe to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free subscription to bne's digital weekly newspaper to subscribers to the online package.
Click here for more subscription options, including to the print version of our flagship monthly magazine:
More subscription options
Take a trial to our premium daily news service aimed at professional investors that covers the 30 countries of emerging Europe:
Get IntelliNews PRO
For any other enquiries about our products or corporate discounts please contact us at sales@intellinews.com
If you no longer wish to receive our emails, unsubscribe here.
Magazine annual electronic subscription
Website & Archive annual subscription