Yandex exits the news aggregating business in Russia

Theo Normanton in London August 23, 2022

Tech major Yandex announces its exit from the news aggregation business through a deal to offload and Yandex.zen to internet rival VK in return for grocery delivery service Delivery Club. The deal will help Yandex out of a tricky bind.

Turkey hosting huge influx of holidaying Russians

bne IntelIiNews August 22, 2022

While much of Europe debates whether to ban Russian tourists, the Turks have been laying on charter flights from Russia at every turn.

Russia’s FSB "solve" Dugina car bomb murder, blame Ukraine’s security forces

bne IntelliNews August 22, 2022

Russia’s FSB announced it has already solved the case of the car bombing at the weekend that killed journalist Darya Dugina, the daughter of prominent Russian ideolog Alexander Dugin, accusing the Ukrainian special services of assassinating her.

Russian oil major Lukoil buys Spartak Moscow football club and the Otkritie Bank Arena in Moscow

bne IntelliNews August 22, 2022

Russian oil major Lukoil bought the Spartak Moscow football club and the Otkritie Bank Arena in Moscow, the company said in a statement on August 22.

ISTANBUL BLOG: Turkey doubles oil imports from Russia. What gives?

Akin Nazli in Belgrade August 22, 2022

The West watches on as Erdogan scorns sanctions on the Kremlin. If the law of the trade-off holds, don’t expect any action.

Bulgaria’s caretaker government starts talks to resume gas imports from Russia

Denitsa Koseva in Sofia August 22, 2022

Energy Minister Rossen Hristov says talks with Gazprom are "inevitable" after Sofia failed to secure enough gas from other sources.

Iran and Russia save each other’s car industries

bne IntelliNews August 22, 2022

Russia is turning to Iran to help rescue its car industry. Extreme sanctions imposed on Russia in March have seen its car production come to a screeching halt as essential imported parts are now unavailable.

Russia's Asian oil and gas pivot will take too long

bne IntelliNews August 21, 2022

Russia is looking to fast-track its pivot to Asia in order to offset the loss of revenues that its energy divorce with the EU is bringing about. But in the best-case scenario, it would take it at least a decade to ramp up gas supplies to Asia.

Russia to shut down Nord Stream completely for three days from August 31

bne IntelliNews August 21, 2022

Russia plans to close down the Nord Stream gas pipeline for three days between August 31 and September 2, in a move that will put further strain on the European gas market.

Leaked footage from Zaporizhzhia power plant reveals five Russian military trucks in turbine room

Social media correspondent Dominic Culverwell August 21, 2022

Leaked footage from the occupied Zaporizhzhia nuclear power plant (ZNPP) allegedly shows at least five Russian military trucks stored inside the plant on August 18.

What the 2024 US presidential election means for Emerging Europe

Clare Nuttall in Glasgow August 20, 2022

In the context of severely heightened security concerns across Emerging Europe, the 2024 US presidential election is already seen as a significant risk for the region.

Gazprom to shut down Nord Stream 1 for three more days

bne IntelliNews August 19, 2022

Russian gas giant Gazprom announced on its Telegram channel that the Nord Stream 1 pipeline will be closed down for three more days on August 19, further stoking fears that the Kremlin intends to cause a major energy crisis in Europe this winter and

Ukraine claims Kremlin exploiting Central Asian migrant surge to boost army numbers

bne IntelIiNews August 19, 2022

Military recruitment said to be focused on workers from Uzbekistan, Tajikistan and Kyrgyzstan tempted back to Russia by strong ruble.

Nightmare scenarios haunt Turks as Syrian Kurds carry out military assaults on Turkish soil

Akin Nazli in Belgrade August 19, 2022

Attacks come as Turkey’s president Erdogan prepares country for another dizzying U-turn when it comes to Syrian counterpart and foe Assad.

MOSCOW BLOG: Ukraine’s kinetic war in stalemate, but the economic war is escalating

Ben Aris in Berlin August 19, 2022

The kinetic war in Ukraine has ground to a halt, but the economic war is escalating as Putin starts to roll out his big guns: the Kremlin's control over the flow of commodities and its ability to switch these on and off.

Russian inflation falls again to 14.9% in August, fears of a deflationary spiral grow

bne IntelliNews August 19, 2022

Russia’s inflation fell 0.13% w/w for the period 9-15 August to an annualised rate of 14.9%, RosStat reported on August 18.

The economic war with Russia has already cost the West $380bn

Ben Aris in Berlin August 19, 2022

The economic war that the West launched against Russia in the days following the invasion of Ukraine has already cost developing nations $379bn, analysts estimate.

GUSTAFSON: Vlad – What's your problem with gas turbines?

Professor Thane Gustafson in Washington August 19, 2022

The sudden exit of the Western companies, because of sanctions, leaves the modernisation of the Russian electricity sector in the lurch. Russia cannot make its own gas turbines that are at the heart of every power station.

Russian retailers ask for “parallel imports” of alcohol fearing shortages

bne IntelliNews August 19, 2022

Russian retailers are lobbying to allow “parallel imports” of certain brands of alcohol and champagne, fearing shortages ahead of the winter holiday season.

Russian ETF major FinEx attempts to unblock $1bn in funds

bne IntelliNews August 19, 2022

Russia's largest provider of foreign ETFs (Exchange Traded Funds) FinEx plans to appeal to the Belgian Finance Ministry and the Central Bank of Russia to gain permission to buy back shares in its funds from Russian clients.