Ukraine

Russia’s arms exports slump, Kremlin preparing for possible war with Nato

Ben Aris in Berlin December 20, 2024

Russian arms exports have plummeted by 92% since 2021, according to defence policy expert Pavel Luzin, as the Kremlin redirects all its military production to supplying the conflict in Ukraine.

Ukraine invasion was ‘spontaneous’ and unplanned, Putin claims

bne IntelliNews December 19, 2024

Russian President Vladimir Putin has described his decision to invade Ukraine in February 2022 as “spontaneous,” admitting the operation was carried out with minimal preparation.

Bulgaria’s interim PM Glavchev refuses to sign 10-year military support deal with Ukraine

Denitsa Koseva in Sofia December 19, 2024

Gerb also backs away from Ukraine deal as it seeks to secure pro-Russian Bulgarian Socialist Party as a coalition partner.

North Korean troops face heavy losses in Russia-Ukraine War as conflict intensifies

bne IntelliNews December 18, 2024

North Korean soldiers fighting alongside Russian forces in Ukraine have suffered significant losses, with “several hundred” killed or wounded during combat in the Kursk region.

Uzbekistan’s Moscow embassy “clarifying” details on man detained after scooter-bomb assassination of Russian general

bne IntelliNews December 18, 2024

Speed of arrest of Uzbek suspect will inevitably prompt some scepticism over whether the accused is a scapegoat.

MOSCOW BLOG: EU under intense pressure to confiscate Russia’s frozen $300bn

Ben Aris in Berlin December 18, 2024

The EU is under intense pressure to seize Russia’s frozen $300bn of reserves, as crises in funding the war in Ukraine and finding the funds to pay for reconstruction loom.

FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown

Clare Nuttall in Glasgow December 18, 2024

wiiw report warns lower investment trend could continue as Central and Eastern Europe's role as a production hub for Western companies is waning.

North Korean troops suffer casualties in Ukraine conflict

bno - Taipei Office December 18, 2024

North Korean soldiers have been reported killed or wounded while fighting alongside Russian forces in the Kursk region of Russia, according to US officials.

Ukrainian bomb kills Russian Nuclear Forces general in Moscow

bne IntelliNews December 18, 2024

A senior Russian general has been killed in an explosion outside his apartment building in southeastern Moscow, in the latest targeted assassination reportedly carried out by Ukraine on Russian soil.

EU Council says enlargement is a "geo-strategic investment in peace"

Valentina Dimitrievska in Skopje December 17, 2024

The enlargement process has been revitalised since the start of the war in Ukraine, but EU ministers say candidate countries must step up reform efforts.

Hungary blocks EU military help to Ukraine and some sanctions against Georgia and Russia

Tamas Csonka in Budapest December 17, 2024

European Commission set to suspend visa-free travel for Georgian diplomats.

Ukraine raises key interest rate to 13.5% amid rising inflation

bne IntelliNews December 16, 2024

The National Bank of Ukraine (NBU) has raised its key interest rate from 13% to 13.5% per annum, citing accelerating inflation and the need to stabilise inflation expectations.

More help needed for Ukraine’s ravaged energy sector

Newsbase December 16, 2024

A multi-million-euro fund launched by Ukraine’s European allies to help the war-ravaged energy sector is running low on cash as power providers struggle to keep the lights on this winter.

Key Donbas coal mine shuts down that will impact on metal production and exports, as Russian forces advance on Pokrovsk

bne IntelliNews December 13, 2024

Ukraine's largest steel producer, Metinvest, has suspended operations at its Pischane coal plant near the frontline town of Pokrovsk in Donetsk Oblast. Without its coking coal, Ukraine's metallurgical sector is in trouble.

Orban continues freelance peace mission with visit to Ankara

Tamas Csonka in Budapest December 13, 2024

Orban's solo diplomacy at the start of his rotating EU presidency almost led to Hungary being stripped of its presidency.

Slovakia will continue supplying Czechia with processed Russian oil for another six months

Albin Sybera December 13, 2024

Slovakia prolongs exemption from EU sanctions on oil products from imported Russian oil.

Russian sex workers are moving to occupied Ukraine to make six figures servicing soldiers

bne IntelliNews December 12, 2024

Russian sex workers are increasingly relocating to occupied territories in Ukraine, attracted by potential earnings of as much as RUB1.5mn ($14,000) per week from servicing soldiers.

Tusk says no talks underway to send Polish troops to Ukraine once fighting stops

Wojciech Kosc in Warsaw December 12, 2024

Speculation follows comments by incoming Trump administration about European forces policing a future ceasefire.

Belarus tests new BUK missile system as a low-key arms race in Eastern Europe gathers momentum

Ben Aris in Berlin December 12, 2024

Belarus conducted a test launch of a new Buk-MB2 air defence missile near its border with Ukraine on December 10, Ukrinform reports, as all parties to the Ukraine war ramp up their missile development and production capacity.

Ukraine's international reserves rise as financial aid ensures budget stability

bne IntelliNews December 11, 2024

Ukraine's international reserves grew by 9.1% in November, reaching $39.92bn, boosted by substantial financial inflows from international partners and a reduction in net currency sales by the National Bank of Ukraine, the central bank reported.

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