Rights activists insist Central Asian labourers are being conned.
Agreement helps ease pressure on Hungary’s widening current account deficit and steady the sinking forint.
The US Treasury has announced additional sanctions in response to Russia’s "fraudulent" referenda and subsequent annexations of the occupied regions of Ukraine, with the SDN list now including the Central Bank of Russia Governor Elvira Nabiullina.
While last week's mobilisation scare from Belarus appears to be a false alarm, Belarus is helping Russia prepare for renewed attacks along the lines of Ukraine's border with Belarus.
Ukrainian troops liberated several settlements over the weekend in the east, including a critical victory in the city of Lyman on 1 October, just days after Russia announced the annexation of Russian-controlled territories in Ukraine.
Months of badgering by Western leaders counted for nought this week as OPEC+ announced a 2mn bpd quota reduction that serves to bolster prices and cover up issues raising production.
Interros will divest 100% of its stake in biopharmaceuticals company Petrovax, according to a statement by the company.
EU member states met again on September 30 to discuss imposing a price cap on gas imports, but there is still little consensus on what form the measure would take.
President Vladimir Putin has annexed the largest piece of territory in Europe since those taken by Adolf Hitler.
Details from the draft 2023-2025 budget show that spending on the Russian army this year will rise by half to RUB5 trillion.
Russia’s contraction in industry slowed in August after industrial production posted a mere 0.1% contraction y/y in August, RosStat reported on September 29.
Since the war in Ukraine started Russian President Vladimir Putin’s approval rating has shot up and has remained consistently between 82-83%, according to the independent pollster the Levada Centre.
The partial mobilisation announced on September 21 by Russian leader Vladimir Putin has caused an unprecedented exodus of the Russian male population eligible for the draft. But do they support him and can they cross into the EU?
Gazprom unit that operates pipeline said to be withdrawing all technical support.
After Vladimir Putin escalated the war in Ukraine with a mobilisation order, thousands of Russians are trying to enter Georgia to avoid being drafted and sent to the front lines in the war in Ukraine.
Giorgia Meloni, leader of the right-wing nationalist party, “Fratelli d’Italia” (FDI, “Brothers of Italy”), won a convincing victory in the general elections, but raised fears that the country will move closer to Moscow as a result.
Government efforts to shield populations from the energy crisis and rampant inflation have shifted the economic impact to next year, says the EBRD as it downgrades GDP growth forecasts for 2023.
The disabling of Nord Stream has spooked markets as it removes the possibility of resuming deliveries of gas in the depth of winter if an energy crisis becomes acute.
The draft measures will be considered by the 27 member countries, where they need unanimous approval.
One of the side-effects of the EU stepping up imports of US oil is that it has increased European demand for Russian diesel.