Russia saw its revenues from natural gas exports slump 40% month on month in June, highlighting the self-inflicting damage that Gazprom’s recent cuts in gas supply to Europe are doing to Moscow’s coffers.
Millions of tonnes of grain trapped in Ukraine can now be exported thanks to the Istanbul grain deal that was signed on July 22 by Russia, Ukraine, Turkey and the UN. But what does Russia get out of the agreement?
Dutch TTF hub gas prices rose to €202/MWh, or c$2,200 per 1,000 cubic metres, on July 26, as flows from Russia’s Nord Stream pipeline were curtailed from 67 mcm per day at the beginning of the week towards a stated target of 33 mcm per day.
Russia’s economy is doing better than expected, the International Monetary Fund (IMF) said in a report on July 26, upgrading its outlook for the contraction expected this year to -6% from -8%.
For Russian President Vladimir Putin, his invasion of Ukraine is not only an attempt to subdue, and possibly destroy, the Ukrainian nation; It is also the key front in his long-standing desire to upend the global order.
Carlos Ghosn, the onetime CEO of Renault and Nissan who brought the company to Russia, fled corruption charges in Japan by escaping to Lebanon; now Renault has fled Russia, leaving Lada-maker Avtovaz in the lurch.
In same week, producer’s CEO said the company would never supply the Russian armed forces.
Ex-Soviet state also said to be strengthening ties with China and Nato nations.
Tricky relations with Moscow and Beijing, a destabilised Afghanistan below the region’s soft underbelly and intra-regional rivalries turned a summit into a curate’s egg.
Russians are not allowed to travel directly to Bulgaria due to the EU-wide sanctions, but many arrive via Serbia, Turkey or Armenia.
Demographics and GDP Many believe that demographics is at most remotely related to economics. If you are one of these, perhaps by the time you finish reading this article, you will be convinced how fundamentally demographics underpins economics.
Didn’t I say this would happen? That Russian President Vladimir Putin would play silly buggers with the gas flow and that newswires would be buzzing with alerts for months to come.
EU member states have agreed to back the European Commission’s proposal to implement a 15% cut in gas consumption starting next month, but the agreement includes some concessions to those countries that had voiced opposition to the measure.
Gazprom’s announcement that it was cutting gas flows in the Nord Stream 1 pipeline to 20% of capacity on July 25 means the EU will miss its deadline to fill storage tanks to 80% full by October 1.
What limitations are there to Putin and Lukashenko's recent announcement to make Belarus nuclear-capable, and how credible is it?
Russian natural gas flow via the Nord Stream pipeline to Europe will be restricted further to only just above 20% of its capacity from the morning of July 27, Gazprom said on its Telegram channel on July 25, prompting a spike in European gas prices.
Some analysts contend Moscow was not in favour of Kazakhstan’s proposal, but the opposite might actually have been the case.
Ukraine has received $12.7bn from international partners since the start of the war with Russia in late February, according to the National Bank of Ukraine.
Comments from Moldovan separatist republic's foreign minister seen as preparing the ground for potential recognition by Russia as war rages in neighbouring Ukraine.
Ukrainian resistance in the Severodonetsk and Lysychansk salient finally collapsed, but it took Russia more than 60 days to capture the towns, despite seriously outgunning its opponents. Russian forces are advancing at a snail's pace.