Poland passes key change to release EU funds held up in rule of law spat

Wojciech Kosc in Warsaw May 27, 2022

Parliament approves proposal by President Andrzej Duda that dismantles the Disciplinary Chamber of the Supreme Court.

Belarus’ Prime Minister confirms weapons exports to Russia

bne IntelliNews May 27, 2022

Belarusian PM confirms that Belarus supplies weapons to Russia. Roman Golovchenko said that Belarusian weapons were in demand not only domestically but also in Russia and the two countries have set up join R&D-projects to navigate Western sanctions.

Uzbekistan: China comes bearing gifts

Joanna Lillis for Eurasianet May 26, 2022

Will a railway connecting the two countries via Kyrgyzstan ever happen?

Romania hopes to negotiate smooth withdrawal from 'Russian' bank IIB

Iulian Ernst in Bucharest May 26, 2022

Romania has been planning to pull out of the Soviet-founded IIB for a couple of years, but Russia invading Ukraine accelerated the process.

Satellite photos appear to show Russian ships stealing Ukrainian grain

Dominic Culverwell in Berlin May 26, 2022

Satellites in space have caught Russian ships allegedly stealing Ukrainian grain through Crimea, Ukraine Business News reported on May 25.

Hungarian government to use windfall taxes to rein in deficit and preserve household energy price cap

bne IntelliNews May 26, 2022

The announcement is the first open admission by the government about the dismal state of public finances.

Green-left Freedom Movement leader Golob becomes Slovenia’s new prime minister

bne IntelliNews May 26, 2022

Golob’s Freedom Movement agreed to form a government with the Social Democrats and the Left after winning the April 25 general election.

Hungarian government declares another state of emergency

bne IntelliNews May 25, 2022

Parliament passes tenth amendment to the constitution, giving the radical rightwing government the power to declare a state of emergency in the case of an armed conflict in a neighbouring country.

Russian bond defaults could soar after US lets payment exemption expire

bne IntelliNews May 25, 2022

The US won’t extend the General Licence 9A (GL9A), which has allowed the Russian state and its companies to make debt service payment in dollars to international investors.

Lira drags Turkey further down road to hell

bne IntelIiNews May 24, 2022

Currency breaches 16/$ threshold. Real interest rate at minus-56% is lowest in the world. Markets don’t dare hope that will change at May 26 rates meeting.

No progress in talks between Bulgaria, North Macedonia on lifting veto on EU accession talks

bne IntelliNews May 24, 2022

Sofia is under pressure to allow Skopje to start EU accession talks by the end of June, after a veto imposed for the first time two years ago, but Bulgarian officials are not sending promising signs.

Former Moldovan president Dodon detained in treason and corruption case

Iulian Ernst in Bucharest May 24, 2022

Moscow claims "persecution" after prosectors probe pro-Russian ex-president on suspicion of bribe-taking, illegal party financing, high treason and embezzlement.

Sibur CFO O’Brien quits as sanctions decimate Russia’s foreign executive ranks

Jason Corcoran in London May 24, 2022

Peter O'Brien, chief financial officer of Russia’s largest petrochemical company Sibur, has left the company as sanctions decimate the ranks of Russia’s foreign executives, bne IntelliNews can reveal.

Poland terminates Yamal pipeline agreement ahead of schedule

Jennifer DeLay May 24, 2022

Poland’s Climate and Environment Minister Anna Moskwa announced on May 23 that her country was terminating its inter-governmental agreement (IGA) with Russia on natural gas deliveries via the Yamal-Europe pipeline.

EC President Von der Leyen tells Davos countries of future 'don't need oil and gas'

Ben Aris in Berlin May 24, 2022

European Commission President Ursula Von der Leyen told delegates at the annual World Economic Forum in Davos that Ukraine belongs in the “European family".

Romania’s government passes €1.1bn social package

bne IntelliNews May 24, 2022

New measures to support public sector employees and pensioners, as well as offering relief for debtors as Romanians struggle to cope with rising prices.

Saudi energy minister says Russia will remain a part of OPEC+ group

Jennifer DeLay May 23, 2022

Saudi Arabia will continue to include Russia in OPEC’s attempts to work with other oil-producing states to balance global energy markets, despite Western moves towards sanctions on trade in Russian crude.

Schroeder steps down as Rosneft board chairman

Jennifer DeLay May 23, 2022

Gerhard Schroeder, Germany’s former chancellor, has resigned from his post as chairman of Russia’s state-owned oil producer Rosneft.

Iran the winner as Ukraine conflict repercussions divert European trade flows

bne IntelIiNews May 23, 2022

The importance of the International North-South Transportation Corridor, providing Indian Ocean access via the Iranian port of Chabahar, has soared.

At least five dead, more than 100 possibly trapped in collapsed building in Abadan, Iran

bne IntelIiNews May 23, 2022

Search for survivors under way. Security forces watchful for any anti-regime protests