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
MOSCOW BLOG: Russia's looming credit crisis
#BREAKING: Czechia wraps up work on pipeline expansion to end reliance on Russian oil
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
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
#UPDATED: 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
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
Athens conditions support for Albania’s EU accession on protection for Greek minority
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
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
Pro-Kremlin disinformation campaign reportedly targeted Croatian presidential election
Nato chief warns of destabilisation risk around Kosovo's February general election
Kosovo’s authorities shut down Serbian tax office in North Mitrovica
BALKAN BLOG: Giving free energy to Transnistria could thwart Russia’s plans for Moldova
Energy crisis in Moldova’s separatist Transnistria escalates
Moldova's breakaway Transnistria region opts for self-imposed energy blockade
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%
Net FDI in Romania dips in 2024
Romania’s political deadlock deepens as nationalists rise
Putin-Trump summit planned — but where will it happen?
Serbia plans to buy out Russian stake in NIS following US sanctions
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
Hit indirectly by sanctions, Mongolia struggles to find workarounds
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
Iranian influx to Venezuela via Colombia triggers regional security fears
Iran calls nuclear talks with E3 serious, constructive
OUTLOOK Iran 2025
Iranian carrier plans European routes as sanctions ease
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
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So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel
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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
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Dubai's Damac plans $20bn US data centre investment
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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
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Russian exiles flee war and persecution, seeking refuge in Mexico
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Mexican cartel boss who created fearsome Zetas returns to face justice after US deportation
Panama rejects Trump's military threats over canal control
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BRICS bank chief touts Uruguay membership in Montevideo talks
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Venezuelan opposition leader Machado released after brief detention
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Bangladesh’s BNP urges interim government to expedite elections
Bangladesh revokes former Prime Minister Hasina’s passport
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China's coast guard deployment raises tensions in South China Sea, Philippines protests
Balancing growth and sustainability: Southeast Asia’s energy dilemma
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Angkor Archaeological Park attracts nearly 700,000 foreign tourists in nine months
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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
North Korea escalates tensions with ballistic missile launch ahead of Trump's inauguration
Japan's wage surge fuels expectations of January BOJ rate hike
Japan’s flu outbreak hits record high amid winter surge
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
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South Asia hit by floods and landslides after heavy rainfall
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Russia’s arms exports slump, Kremlin preparing for possible war with Nato
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Russian law enforcement agencies have detained and pressed charges against Vladislav Bakalchuk, estranged husband of Russia’s richest woman Tatiana Bakalchuk and majority owner of Wildberries, according to RBC business portal and Kommersant daily citing unnamed official sources.
As followed in detail by bne IntelliNews, Russia’s largest e-commerce operator Wildberries is rocked by controversy surrounding a merger deal with Russ Group, an outdoor advertising operator that is a tenth of the size of Wildberries. The founder and CEO of the company Tatiana is getting divorced from husband, who has turned to Chechen President Ramzan Kadyrov for help.
In a violent development of the ongoing divorce proceedings, this week two people were killed in a shootout as Vladislav tried to storm the offices of the country's largest e-commerce operator.
While Russian media largely ignored the incident reminiscent of the racketeering raids of the “wild 90’s”, independent observers were waiting to see how officials would react to an attack on Wildberries office only a walking distance away from the Kremlin.
Arresting and pressing charges against Vladislav Bakalchuk would mean that Kremin is slapping Chechen strongman Kadyrov on the hand. Kadyrov has been vocally supporting Vladislav in his attempts to “bring his wife to senses” and stop a controversial merger of Wildberries with Russ Group, believed to be controlled by another influential oligarch and senator of Dagestan Suleiman Kerimov.
Unconfirmed reports also claim that as Vladislav Bakalchuk attempted to storm Wildberries offices, he was flanked by Chechen fighters of the Akhmat Fight Club, founded by Kadyrov. According to the sources of RBC and Kommersant, following the deadly raid Vladislav has been charged under the Criminal Code for murder, attempted murder, attempted murder of a law enforcement officer, and others.
Bakalchuk's defence continued to insist that the raid on Wildberries offices was a premeditated meeting that got escalated by Wildberries security, arguing that he “notified law enforcement authorities in advance that he would come to the company's office accompanied by his representatives and lawyers”. Vladislav argued that he was “invited to negotiate” the halt of a warehouse construction project operated by his company for Wildberries, but Tatiana Bakalchuk denied that any meetings were supposed to take place.
On the same day, another Wildberries office, located in the Iskra-Park business centre near the Dinamo metro station in Moscow, was attacked, according to RBC. The company claims that 30-40 people “in sports and military uniforms” broke into the facilities and attacked the guard.
As a reminder, since day one, the e-commerce major has been managed by its founder and the richest woman in Russia, Tatiana Bakalchuk, who holds 99% in the company, and her husband, Vladislav Bakalchuk, who only owns 1%. But Vladislav Bakalchuk claims as there was no prenuptial agreement or marriage contract between the pair, all of the assets should actually be split 50:50, as per Russian divorce laws.
In the meantime unconfirmed reports claim that Dagestan senator and controversial billionaire Suleiman Kerimov is behind the merger of Russ and Wildberries, with two main interpretations of the merger emerging. According to one of them, "Tatiana fell in love, and her love has something to do with Russ," unnamed sources close to Bakalchuk told Forbes.
Other sources claim that Tatiana has been coming under heavy administrative and possibly even criminal prosecution pressure after a recent fire incident at the Wildberries sorting hub in Saint Petersburg, which was rushed into operation with the necessary regulatory approvals.
Reportedly, to deal with the matter at the highest level she could have turned to Kerimov, a Kremlin insider, and Russ Group, in exchange for a share in Wildberries.
bne IntelliNews speculated in a recent opinion piece, the deal could also be part of a move by Russian President Vladimir Putin to increase the Kremlin’s influence over Wildberries, Russia’s answer to Amazon, as part of a broader move to enhance the Kremlin’s control over Russia’s answer to Facebook (VK) and Google (Yandex).
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