EU gas imports from Russia in charts

bne IntelliNews August 2, 2022

The Bruegel think-tank has published a set of interactive charts that show very clearly how Russian gas imports to Europe this year are well below the historical average.

Russia’s CBR predicts 7% contraction of the economy in 3Q22

bne IntelliNews August 2, 2022

Russia’s Central Bank for the first time gave a forecast of a fall in Russian GDP in the third quarter – according to the regulator, the economy may fall by 7%, and inflation will continue to slow down.

KYIV BLOG: A financial crisis has begun in Ukraine

Ben Aris in Berlin August 2, 2022

A financial crisis has begun in Ukraine. The hryvnia is in free fall. The national bank has ordered exchange kiosks not to display the exchange rate. The government is running a deficit it can’t cover and companies are defaulting on their bonds.

One of Ukraine's richest tycoons killed after Russian missiles hit his bedroom

Dominic Culverwell in Berlin August 2, 2022

One of Ukraine’s wealthiest men, Oleksiy Vadaturskyi, and his wife, Rayisa Vadaturska, were killed after a Russian strike hit their bedroom in the southern port city Mykolaiv on July 31.

First ship leaves Odesa carrying Ukrainian grain as Russian blockade finally lifts

Dominic Culverwell in Berlin August 2, 2022

Ukrainian grain has finally left the port of Odesa for the first time since Russia’s full-scale invasion, NV Ukraine reported on August 1.

bneGREEN: Zero-carbon housing a key battleground for climate change

Richard Lockhart in Edinburgh August 2, 2022

Zero-carbon housing is a key battleground in combating climate change and global warming, as the residential building sector across Europe has the potential to cut fossil fuel dependency and reduce emissions.

MOSCOW BLOG: West moving towards a “back to normal strategy”

Ben Aris in Berlin August 1, 2022

Important day today. There are 17 ships in three Ukrainian ports cleared for grain shipments, of which 10 are ready to go, and it was just reported that the first one has set sail on its way to Turkey and then the rest of the world.

Russia’s manufacturing PMI still in the black, but down slightly from June

bne IntelliNews August 1, 2022

The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ PMI Index was still in the black with 50.3 in July, but down slightly from 50.9 in June.

Russia’s Chubais in hospital on life support in suspected poisoning case

bne IntelliNews August 1, 2022

Kremlin insider is in hospital in a European clinic on life support in a suspected poisoning case, Russian socialite Ksenya Sobchak reported on July 31.

Should I stay or go for founder of Russian internet major Yandex

bne IntelliNews August 1, 2022

The founder of Russian internet major Yandex, Arkady Volozh, could agree to a new shareholder and management structure for the company in exchange for the Kremlin’s permission to develop some of Yandex assets independently abroad

Over 50 Ukrainian POWs killed in explosion at Russian-controlled prison in Donetsk

Dominic Culverwell in Berlin July 31, 2022

An attack on a Russian-controlled prison in the town of Olenivka, Donetsk Oblast, killed at least 53 Ukrainian POWs and injured 75 on July 29.

Sanctions bring Russian car market screeching to a halt

Theo Normanton in London July 31, 2022

Western car brands are leaving Russia en masse as sanctions cause a critical shortage of components. The Russian government promises that homegrown alternatives will fill the gap, but in the meantime, spiralling prices are causing demand to collapse.

Russia woos Africa with arms, grain and nuclear power

Ben Aris in Berlin July 29, 2022

Russian Foreign Minister Sergei Lavrov took to the road this week and toured Africa to build closer ties with non-aligned nations.

Kyrgyzstan: Where have all the dollars gone?

Ayzirek Imanaliyeva for Eurasianet July 29, 2022

The cause of the problem may lie in Russians hoovering up all the available greenbacks.

INTERVIEW: Usmanov’s sister Saodat Narzieva battles sanctions imposed on her by the EU

Ben Aris in Berlin July 29, 2022

Saodat Narzieva, the sister of Uzbek-born oligarch Alisher Usmanov, was placed on the EU sanctions list on April 8. An investigation by the Organized Crime and Corruption Reporting Project (OCCRP) linked her to a number of his bank accounts.

Real disposable income of Russians resilient in 2Q22 on state support

bne IntelliNews July 29, 2022

Real disposable income of Russians in 2Q22 remained resilient and declined by 0.8% year on year, as against a 1.2% decline seen in 1Q22, and despite a greater fall in real wages of 6.1% in May, according to the latest data from RosStat statistics age

Russia’s GDP down 4.9% y/y in June, sanction-coping uneven

bne IntelliNews July 29, 2022

Russia’s GDP contracted by 4.9% year on year in June 2022, according to the data from the Ministry of Economic Development.

Mongolian ministers under fire for failing to quickly explain appearance of Russian armed forces on city streets

Anand Tumurtogoo in Ulaanbaatar July 28, 2022

Former Mongolian PM criticises own party for lack of transparency about upcoming joint military exercise.

Drought damage to European grain harvest piles on top of Ukraine war impact

bne IntelliNews July 28, 2022

Extreme heat and droughts across several European countries have led to forecasts for this year’s harvests being reduced.

Russia’s industrial production contracts in June, but by less than expected

bne IntelliNews July 28, 2022

Russia’s industrial output fell 1.8% in June y/y, following a 1.7% decline in the previous month but less than market forecasts of a 5.3% contraction, RosStat reported on July 27.