Eastern Europe / News

WWII nearly over: Russia in peace talks with Japan

bne IntelliNews December 5, 2016

Russia and Japan have entered into “detailed discussions” on a peace treaty. WWII never ended, at least for the two countries, as they did not formalise an end to hostilities and are technically still at war.

Sir Peter Hambro leads call for UK to reset Russia relations

Jason Corcoran in London December 2, 2016

Gold-mining tycoon says British political establishment has to forget Litvinenko killing and get back to business.

Russia uncowed and heading back to growth, Putin declares in annual address

bne IntelliNews December 1, 2016

Putin pushes message of economic and social development on a homegrown platform of strength after two years of Russia's isolation.

New steel radiation container swallows ruined Chernobyl reactor

bne IntelliNews November 29, 2016

Giant 36,000-tonned structure encloses block destroyed in world's worst nuclear accident in 1986.

Russia's Russneft IPO raises about $500mn for owners

bne IntelliNews November 25, 2016

The sale of 20% of its shares at RUB550 per share valued the company at $2.5bn.

EU greenlights visa-free regime for Ukraine as it signals Russia sanctions to be extended

bne IntelliNews November 25, 2016

EU member states agreed that Ukraine is ready for a visa-free regime with the bloc.

Russia’s VTB axes global banking head Andrew Cornthwaite

Jason Corcoran in Moscow November 25, 2016

VTB has had to slash hundreds of staff from its office in London and on Wall Street because of sanctions.

Russian start-up Zvooq sues internet giant Yandex for $29mn for breach of contract

Ben Aris in Berlin November 22, 2016

Russian music streaming site Zvooq is suing internet behemoth Yandex for $29mn for alleged breach of contract and accuses the Nasdaq-listed company of destroying the delicate investment climate in Russia by exploiting its market power.

Russia’s Sberbank makes £5.5mn injection to boost struggling London unit

Jason Corcoran in London November 22, 2016

Russian state-owned lender Sberbank has pumped £5.5mn into its London investment bank to boost a business reeling from sanctions and a costly sexual discrimination case.

Russia’s RenCap nears tie-up with Club Med’s China investor

Jason Corcoran in Moscow November 17, 2016

RenCap traders are said to be learning Mandarin as they await the arrival of new colleagues from China's rapidly expanding Fosun group.

Moldova's new pro-Russian president says EU ties unchanged but plans talks with Russia

bne IntelliNews November 17, 2016

Moldova’s new pro-Russian President Igor Dodon said in his first interview since winning the election on November 13 that his country’s relationship with the EU would “remain intact”, but there will be bilateral and trilateral talks with Moscow.

Bulgarian politics set for months of uncertainty but will Borissov bounce back?

Andrew MacDowall in Belgrade November 16, 2016

Bulgaria looks set for months of political uncertainty and horse-trading after parliament on November 16 accepted the resignation of Prime Minister Boyko Borissov.

Speculation swirls after arrest and sacking of Russian economy minister

bne IntelliNews November 16, 2016

Prime minister says action taken against Alexey Ulyukaev is "beyond understanding".

Tymoshenko trying to destabilise Ukraine's economy, central bank says

bne IntelliNews November 15, 2016

NBU chief accuses ex-PM of seeking regime change to empower political forces that support owners of failed banks and will ignore their debts.

Russian Economy Minister Ulyukayev charged with extorting $2mn bribe in Bashneft sale

bne IntelliNews November 15, 2016

Investigators say minister took $2mn bribe to clear the sale of Bashneft oil company to state oil giant Rosneft.

Georgia-born Ukraine police chief resigns on eve of anti-government protests

bne IntelliNews November 14, 2016

Police reform architect steps down on eve of demonstrations due to take place in the capital Kyiv and other cities.

Ukraine under pressure to adopt “Steinmeier formula” in Donbas peace efforts

bne IntelliNews November 10, 2016

Kyiv so far rejects EU-backed proposal to create a special status region in Donbas to break the impasse with Russia and end fighting there.

Oligarch Fridman pulls out of management of Ireland’s Russia assets

Jason Corcoran in Moscow November 10, 2016

Fridman’s Alfa A1 unit has pulled out of a JV managing a property portfolio in Russia and Ukraine on behalf of the Irish government.

Baltics and Poland wary over Nato pledges following US election

bne IntelliNews November 9, 2016

The Baltic states presented a calm front in reaction to the shock victory of Donald Trump in the US presidential election.

Ukraine anxious but keeps its cool about Trump victory

Sergei Kuznetsov in Kyiv November 9, 2016

Despite fears that shock election result can embolden Russia in its actions towards Ukraine, officials in Kyiv are taking a wait-and-see approach.

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