Belarus tests new BUK missile system as a low-key arms race in Eastern Europe gathers momentum
CSTO states express serious concern over terrorist threat in Afghanistan
Armenia refuses to host Eurasian Economic Union summit
COMMENT: Trump 2.0 could be a blessing for Belarus
Russian long-haul driver murdered in northern Iran
PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on
Russia’s CBR keeps key rate at 21% under pressure
Russia’s arms exports slump, Kremlin preparing for possible war with Nato
Ukraine invasion was ‘spontaneous’ and unplanned, Putin claims
Bulgaria’s interim PM Glavchev refuses to sign 10-year military support deal with Ukraine
North Korean troops face heavy losses in Russia-Ukraine War as conflict intensifies
Telia willing to sell its Latvian operations back to government if price is right
The EU Council calls for a European geothermal action plan
FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown
IMF: The 2004 EU enlargement was a success story built on deep reform efforts
Czech National Bank keeps interest rates at 4%
Czech EPH signs agreement with Italian Enel to buy its stake in Slovenske Elektrarne
Hungary grants political asylum to fugitive former PiS minister
Hungarian households have joint lowest consumption levels in EU
Polish industrial production disappoints in November as output falls 1.5% y/y
Polish producer price deflation eases further in November
Slovak, Hungarian, Austrian and Italian groups sign declaration backing continued gas transit through Ukraine
Slovenia sets up emergency alert system after devastating floods
Athens conditions support for Albania’s EU accession on protection for Greek minority
EU Council says enlargement is a "geo-strategic investment in peace"
Bureks vs. Big Macs
BALKAN BLOG: What Grenell’s return means for US diplomacy in the Balkans
International highway tears through Bosnia’s rural heartlands
Russia reaps harvest of chaos in nearby democracies
Croatian Bosqar Invest acquires bakery Mlinar in €100mn deal
TikTok says it has stepped up moderation ahead of Croatian presidential election
Kosovo's population down 12% since 2011
Kosovo’s president slams EU’s “unfair” treatment
Moldova's economy shrinks by 1.9% y/y in Q3
Serbia faces backlash over controversial foreign agents bill
North Macedonia's central bank lowers key interest rate by 0.25 pp to 5.55%
North Macedonia’s ex-deputy PM Grubi reportedly flees to Kosovo to avoid detention in corruption case
Romanian liberals orchestrated Georgescu campaign funding, investigation reveals
Formation of ruling coalition in Romania faces deadlock as Social Democrats suspend talks
Tens of thousands rally in Belgrade demanding accountability over Novi Sad railway station disaster
Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
Syrian-Kurdish SDF’s fighters from outside Syria will leave if Turkey agrees ceasefire, says commander
Istanbul cruise port debt “re-restructured”, banks take 49% stake
Growing Islamic finance in Central Asia to unlock GCC investment
INTERVIEW: Asian Infrastructure Investment Bank financing Central Asia’s green future
Award seen as Nobel Prize for human rights won by Kabul women’s rights activist and jailed Tajik lawyer
Corruption probe launched into Armenian satellite project
EBRD warns of risks for emerging markets pursuing industrial policies
Several top Armenian officials resign amid political shake-up
Azerbaijan trades barbs with French and US diplomats in online "Twiplomacy"
Azerbaijan’s Aliyev lines up with Russia and Trump, admits Georgia interference
Trial of seven AbzasMedia journalists begins in Baku
COMMENT: Could Iran open new fronts against Israel and Azerbaijan?
PROFILE: Georgian President Salome Zourabichvili
World Bank approves $350mn as Tajikistan bids to fund completion of $6.3bn Rogun mega hydro project
Russia sells stakes in Kazakhstan uranium JVs to China
Freedom Holding Corp brings FIDE world rapid & blitz chess championships to Wall Street
Adylbek Kasymaliev appointed new chief of Kyrgyzstan’s cabinet ministers, predecessor dismissed amid tax corruption scandal
Decades-old Kyrgyzstan, Tajikistan border dispute could be over
Kyrgyzstan: MPs seem willing to give police a free hand
Hit indirectly by sanctions, Mongolia struggles to find workarounds
HESS: Mongolia’s unique success story between rock and a hard place at risk
Mongolia copper-gold discovery hailed for “globally significant” prospects
Tajikistan: Officials announce discovery of major rare earth deposits
Tajikistan: Rogun Dam is a white elephant in the making – report
COP29: Central Asian states losing arable land
Uzbek national arrested in Moscow bombing that killed Russian chemical defence chief Kirillov
Uzbekistan’s Moscow embassy “clarifying” details on man detained after scooter-bomb assassination of Russian general
Russia's budget oil breakeven price world’s second lowest as oil revenues recover
Southeast European countries look to Algeria to diversify energy supplies
Slovenia turns back to Algerian gas after flirtation with Russian supplies
“Silent demise” of world’s vast rangelands threatens food supply of billions, warns UNCCD report
IEA: Access to energy improving worldwide, driven by renewables
The hurricane season in 2024 was weird
Global warming will increase crop yields in Global North, but reduce them in Global South
Hundreds of millions on verge of starvation, billions more undernourished as Climate Crisis droughts take their toll
Global access to energy starts to fall for the first time in a decade, says IEA
Saudi Arabia hosts kingdom's first Africa summit, to boost ties, promote stability
Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation
EBRD 2023: Bank to expand into the whole of Africa plus Iraq
Botswana throws the diamond industry a lifeline
Nelson Mandela worried about natural diamonds, Leonardo di Caprio defended them, makers of lab-grown stones demonise them
Botswana’s 2,492-carat diamond discovery is golden opportunity to replicate legendary Jonker diamond's global legacy
Kamikaze marketing: how the natural diamond industry could have reacted to the lab-grown threat
Russia’s Rosatom to support nuclear projects across Africa at AEW2024
JPMorgan, Chase and HSBC reportedly unwittingly processed payments for Wagner warlord Prigozhin
Burkina Faso the latest African country to enter nuclear power plant construction talks with Russia
IMF: China’s slowdown will hit sub-Saharan growth
Moscow unlikely to give up Niger toehold as threat of ECOWAS military action looms
Overcoming insecurity to unlock the Central African Republic’s mineral riches
Russia funding war in Ukraine via illegal gold mining in Africa – WGC report
Rain, rain go away
Africa, Asia most people living in extreme poverty
10 African countries to experience world’s fastest population growth to 2100
EM winners and losers from the global green transformation
Russia blocks UN Security Council resolution on Sudan humanitarian crisis
G20 summit wraps up with a joint statement strong on sentiment, but short on specifics
Malaysia seeks BRICS membership
SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza, says UNCCD
Southern Africa has 'enormous' potential for green hydrogen production, study finds
Kazakhstan has no plans to join BRICS, says Astana
Sri Lanka to apply for BRICS membership
How France is losing Africa
Gabon coup attempt after the re-election of President Ali Bongo
Guinea grants final approvals to Rio Tinto for $11.6bn Simandou iron-ore project
Kenya’s untapped mineral wealth holds the promise of economic transformation
US adds 17 Liberian-flagged bulk carriers and oil tankers to Russian sanctions-busting blacklist
Panama and Liberia vying for largest maritime registry
Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans
Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
Libya’s mineral riches: unlocking a future beyond oil
Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali
Can Morocco's phosphate wealth put it at the centre of the global battery supply chain?
Hajj aftermath: deaths, disappearances and detentions spark investigations across world
Sri Lanka's LTL Holdings targets African power sector
Russia's nuclear diplomacy binding emerging markets to the Kremlin
Can Niger's military junta seize the country's uranium opportunity?
Disaster season: heat waves sweep the world – in charts and maps
AI will be a major source of GHGs by 2030, says Morgan Stanley
Niger and beyond: Francophone credit delivers coup de grâce
The world has passed peak per capital CO₂ emissions, but overall emissions are still rising
Trump threatens BRICS with tariffs if they dump the dollar
SITREP: Middle East rapidly destabilised by a week of missile strikes
Colombian mercenaries trapped in Sudan’s conflict
Air France diverts Red Sea flights after crew spots 'luminous object'
COMMENT: Tunisia on the brink of collapse
Tunisian President Kais Saied re-elected for second term
WHO declares "global public health emergency" owing to mpox outbreak in Central Africa, new virus strain
Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US
South Korea’s won slides as martial law crisis sparks market turmoil
China unveils $71bn swap facility to revitalise flagging economy
Fukushima's forgotten victims as Japan shifts back to nuclear power
Balancing growth and sustainability: Southeast Asia’s energy dilemma
India’s second-largest clean energy company ReNew plans to go private
India's Competition Commission approves major steel industry acquisition
Trump vows to block Nippon Steel's $14bn bid for US Steel
China dismisses Trump's tariff threat, warns of 'no winners' in trade war
Iraq blocks IMDb website over 'immoral content' claims
Display unveils groundbreaking 50% stretchable screen: a game-changer for fashion and mobility
South Korean users flock to YouTube and Instagram as local platforms struggle
Bahrain and Iran to begin talks on normalising relations
Saudi Arabia, Bahrain and Kuwait set to offer Russians visa-free entry
Jaw-dropping discovery: 450,000-year-old tooth unearthed in Iran
China's COMAC eyes Saudi Arabia as launchpad for international expansion
Israel's Mossad chief calls for direct Iran strike after missile hits Tel Aviv
Iran's Supreme Leader rejects claims of regional proxy forces
Trump signals readiness for Iran nuclear talks via Omani channel – Iraqi media
Iraq halts oil exports to Syria amid regional instability
PODCAST: Emerging Global's Mathew Cohen talks with Ruthie Blum
Qatar-Turkey-Europe gas pipeline ambition could be back on following fall of Assad
As jubilant Syrian refugees in Turkey celebrate Assad downfall, analysts wonder what comes next in power vacuum
Erdogan sets Damascus as final target for “rebels” advancing in Syria
Kuwait greenlights tax deal with Iraq to prevent double taxation
Iran demands 'equal footing' with Kuwaiti and Saudi plans to drill for gas in Gulf
Middle East power grid struggles as demand hits record high
Iraq braces for severe heatwave with temperatures to reach 49C
Iranian ambassador claims US sets conditions on Syrian-Iranian relations
Israeli settlers from extremist sect cross into Lebanon, IDF confirms
How Assad turned Syria into a narco-state
So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel
ANALYSIS: Regional escalation on the table following Israeli strike on Iran
Sea of Oman oil terminal boosts export resilience amid tensions with Israel
Israel establishes “winter military positions” in Syrian territory
COMMENT: A stable Syria could become a major energy hub
ISTANBUL BLOG: After “conquering” Damascus, Erdogan turns his eye to the Kurds
Germany ignored multiple warnings by Saudi Arabia before Magdeburg attack
Saudi Arabia extracts lithium from oilfield runoff, plans commercial pilot
Saudi Arabia wins 2034 World Cup bid, beating Australia
Turkish Foreign Minister meets Syria's new leader al-Sharaa in Damascus
UPDATED: Syria's former president Assad arrives in Moscow
Israel launches biggest strike in Yemen, killing 40 people
TEHRAN BLOG: Pezeshkian's dilemma over Haniyeh's assassination
Iranian foreign ministry condemns Haniyeh's assassination in Tehran
Reactions to the killing of Haniyeh in Tehran
Latin America set for tepid growth as Trump tariff threat looms, ECLAC says
Latin America urged to boost tax take and private investment to close development gap
IMF: Breaking Latin America’s cycle of low growth and violence
COMMENT: Trump’s White House picks signal rocky start with Latin America
Latin America trapped in low growth cycle, ECLAC warns
Bolivian ex-president Evo Morales faces formal charges of human trafficking
Geothermal energy poised for major global expansion, says IEA chief Fatih Birol
US-Cuba rum war spills over as Biden law stirs Havana Club row
Brutal gang violence over failed voodoo spell claims nearly 200 lives in Haiti's capital
Mexican cartel boss who created fearsome Zetas returns to face justice after US deportation
Paraguay stands firm with Taiwan amid growing Chinese pressure
Murder exposes secret prostitution ring in Peruvian Congress
Protests in Bangladesh escalate, demanding president leave office
Bangladesh tribunal issues arrest warrant against ousted PM Sheikh Hasina
World Bank says Bangladesh GDP growth to shrink in FY25
US imposes preliminary duties on Southeast Asian solar imports
COMMENT: From Globalisation to “slowbalisation” as FDIs decline on trade and geopolitical woes
Angkor Archaeological Park attracts nearly 700,000 foreign tourists in nine months
Blinken warns Taiwan crisis could trigger global economic turmoil
Iran boosts oil, gas output amid US crackdown on sales
Peru's APEC summit exposes trade tug-of-war between Beijing and Washington
Rising gold ETF inflows set to drive global bullion prices
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Gazli Gas responds to reports on Uzbekistan project, refutes any suggestion sanctioned individuals are involved
Valuation questions raised over Blackstone's $2.1bn IPO of India’s International Gemmologist Institute
INTERVIEW: Jeet Chandan, co-founder of Indian investment platform BizDateUp
Where does nuclear power-use stand in post-COP29 Asia?
Boldly brewing where no one has brewed before: Japanese sake to be made in space
South Korean president impeached, Constitutional Court to sit December 16
Japan plans tax hike to fund $280bn military buildup
BCPG to invest $945mn in power projects, prioritising clean energy
Malaysia’s industrial growth slows in October following mixed sector performance
Myanmar junta to allow observers for controversial 2025 election amid ongoing conflict
Nepal floods - death toll rises to 209
Kolkata hospital rape and murder case sparks international outcry, raises questions
South Asia hit by floods and landslides after heavy rainfall
Russian pivot to the Global South includes unscrupulous army recruiting practices
North Korea’s missile support to Russia raises alarms at UN
North Korean troops suffer casualties in Ukraine conflict
South Korea intensifies military drills to bolster defences against North Korean drone threat
Security personnel dead as Imran Khan’s supporters breach Islamabad lockdown
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Papua New Guinea tribal conflict leaves 30 dead amid gold mine dispute
Thousands evacuated as Mt. Kanlaon erupts, threatening more explosive activity
South Korea's acting president rejects six controversial bills amid growing tensions
Korean won dips to crisis levels amid US rate cuts and market volatility
Sri Lanka’s merchandise exports in October up 18.22%
Taiwan boosts defence with advanced Abrams tanks amid rising Chinese tensions
Vietnam faces challenges in meeting carbon emission targets
German Prosecutors Confirm Termination of Money Laundering Investigation Against Alisher Usmanov
Comments by President of the Russian Fertilizers Producers Association Andrey Guryev on bilateral meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin
PhosAgro/UNESCO/IUPAC green chemistry research grants awarded for the 8th time to world's best young scientists
PhosAgro Tops RAEX ESG Ranking
Download the pdf version
Try PRO
The fall of Avdiivka has given the Russian military the initiative in the war in Ukraine, but it has also handed Russian President Vladimir Putin an important political gift ahead of the presidential elections in March.
The newly appointed military commander-in-chief Oleksandr Syrskyi announced the decision to withdraw Ukrainian units from Avdiivka, an embattled city just north of Russian-occupied Donetsk in eastern Ukraine, on the night of February 17, "in order to avoid encirclement and preserve the lives and health of servicemen.” Drone footage of the city shows a scene of total destruction.
Two days after the withdrawal of Ukrainian troops, Russian forces have completed their takeover of Avdiivka. According to Russia’s Defence Ministry, its soldiers took “full control” of Avdiivka’s coke plant on February 19, eliminating the town’s last pocket of resistance.
Syrskyi has previously been criticised for being careless with soldiers' lives, especially in the brutal battle for Bakhmut last year that was also eventually retaken by Russian forces. The death toll in Bakhmut was very high and Ukraine sacrificed many of its veteran troops, under Syrskyi’s command.
The withdrawal from Avdiivka was the correct decision to safeguard the lives of Ukrainian defenders, Ukrainian President Volodymyr Zelenskiy said during his speech at the Munich Security Conference on February 17. “We are preserving our people, our warriors, because this is what defence is all about,” he said.
“This does not mean that people moved kilometres away and Russia seized something. It didn’t seize anything, we have to understand that. During the two years of the war, Russia tried to do something in the east. What is ‘something’? They just destroyed some small villages and towns. But the most important thing they destroyed was our lives,” the president added.
Due to the end of support in January when the US ran out of money for Ukraine, the Armed Forces of Ukraine (AFU) situation had been rapidly deteriorating as it began to run out of ammunition.
Russian forces were making a big push on Avdiivka in the Donbas region as Putin seeks a military victory ahead of the presidential election. Russian forces have been trying to capture Avdiivka since 2014. The current assault started in October last year and most of the city has been destroyed by urban warfare, artillery barrages and airstrikes.
On February 15 Russian forces cut off the main supply route into the city, likely prompting the decision to withdraw. The deputy commander of Ukraine's Third Assault Brigade Maksym Zhorin said the same day that some units had been "completely surrounded" in Avdiivka but had managed to break out before Russian forces totally captured the town two days later.
The Russian military has now taken “full control” of the Avdiivka Coke and Chemical Plant, a key stronghold and the main source of income for the city before the war, according to Russia’s Defence Ministry. A Russian flag has reportedly been raised over the administrative building.
Chaotic withdrawal
Unconfirmed reports say the withdrawal of the AFU was chaotic and some units were surrounded and captured, while others suffered from heavy losses during their pull-back.
About 17,000 Russian soldiers were killed and 30,000 others injured during the capture of the city, Tavria Defence Forces spokesman Dmytro Lykhoviy said in an interview with the BBC on February 17. Ukraine has not released its own casualty figures, which remain a state secret.
The Russian military pledged to evacuate wounded Ukrainian soldiers from the Zenit strongpoint in Avdiivka and provide them with assistance but instead shot five of the soldiers, Ukraine’s 110th Brigade said on February 19, the Kyiv Independent reports.
The Ukrainian investigative media outlet Slidtsvo.info reported on February 18 that relatives had identified the dead bodies of three soldiers of the brigade, which had been left behind as the rest of the AFU forces retreated.
To shore up morale after the fall of Avdiivka, Ukrainian President Volodymyr Zelenskiy visited the front line on February 19 to thank soldiers for their service and hand out medals. Zelenskiy visited the battalion command post of the 14th Separate Mechanised Brigade, which is engaged in the northeastern Kupiansk sector.
"I am glad to be here today to see you, to congratulate you, to express gratitude on behalf of all Ukrainians, all of Ukraine, for doing such a great job every day, for defending the state, our families, independence and our sovereignty," the president said, according to the presidential press service. "I am confident in you. I wish you good health. Take care of yourself and your colleagues. This is very important. I wish you all victory."
Russia takes the initiative
US aid to Ukraine already began to slow last August but became acute after the New Year’s break, when Ukraine rate of artillery fire fell to one to ten vs the Russian rate, depriving the AFU of artillery support or cover.
"There is a deficit of artillery," Zelenskiy said in his evening address. "There is a need for frontline air defence and for a longer range of our weapons."
As supplies began to run low, Russia pressed its advantage by scaling up the assault on Avdiivka and was “taking advantage” of the Western allies' delays in providing Ukraine with more materiel, Zelenskiy said in his daily address on February 19.
"The situation is extremely difficult in several parts of the front line, where Russian troops have amassed maximum reserves," Zelenskiy after returning from the frontline in Kupiansk. "They are taking advantage of the delays in aid to Ukraine.”
Russian forces established a limited and localised air superiority around Avdiivka for the first time and were able to provide ground troops with close air support during the final days of the assault, the US-based think-tank Institute for the Study of War (ISW) reported on February 17.
Russian sources widely credited the Russian use of glide bombs with allowing Russian forces to overcome Ukrainian defences in Avdiivka. As part of the unfolding drone war, Russia has been gradually increasing its use of glide bombs, but the mass use of glide bombs to support advancing infantry troops reported in Avdiivka is a first. Ukraine’s falling supply of air defence munitions has made these tactics increasingly effective.
If Russian air superiority continues to improve it will allow Russian forces to pursue other targets more aggressively and routine large-scale bombing of Ukrainian cities beyond the frontline to devastating effect.
US help stalled
A new bill promising Ukraine $60bn in aid has passed a Senate vote, but remains tied up in the House, where Republicans are blocking it, insisting that money and tough new laws to address the problem with the US border with Mexico be included in the legislation. House Speaker Mike Johnson is refusing to allow the bill to go to the floor for a vote until a new deal has been agreed.
US President Joe Biden blamed the loss of Avdiivka on the Republican’s reluctance to pass the legislation.
EU foreign policy chief Josep Borrell called on allies "to do more and quicker" in delivering arms to Ukraine during the Munich Security Conference and earlier the same week, France and Germany signed bilateral arms supply treaties, following a similar deal signed with the UK in January. However, all sides agree that the US continues to play a key role in supplying Ukraine.
Register here to continue reading this article and 8 more for free or purchase 12 months full website access
Register to read the bne monthly magazine for free:
Already registered
Google Captcha Failed!
Password could contain only a-z0-9\+*?[^]$(){}=!<>|:-_ characters and have 8-20 symbols length.
Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
Forgotten password?
Email field can't be empty.
No user with this email address.
Access recovery request has expired, or you are using the wrong recovery token. Please, try again.
Access recover request has expired. Please, try again.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
If you have any questions please contact us at sales@intellinews.com
Sorry, but you have used all your free articles fro this month for bne IntelliNews. Subscribe to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free subscription to bne's digital weekly newspaper to subscribers to the online package.
Click here for more subscription options, including to the print version of our flagship monthly magazine:
More subscription options
Take a trial to our premium daily news service aimed at professional investors that covers the 30 countries of emerging Europe:
Get IntelliNews PRO
For any other enquiries about our products or corporate discounts please contact us at sales@intellinews.com
If you no longer wish to receive our emails, unsubscribe here.
Magazine annual electronic subscription
Website & Archive annual subscription