Energy sanctions continue to face challenges, while Russia’s favourable external environment supports its economy and fiscal stability. These trends clearly show that the pressure on Russia is insufficient.
In April-June the disinflation trend unfolded, not least because of volatile and one-off factors. However, underlying inflationary pressures in the economy were up as well. Monetary policy will be tighter for longer as a result.
In Europe’s capital cities and among its elites a great but undeclared battle is being fought for the future of the European Union. One side is heavily outgunned. The other side is dominant. But the race is on.
On June 9 the EU announced the suspension of Georgia’s accession talks and on June 11, the declaration that followed this year's annual Nato Summit failed to include the phrase “Georgia will become a member of the Alliance"
Turkey’s current account gap narrowed in May mainly due to an improving foreign trade balance, while capital flows significantly accelerated, leading to a jump in official reserves
Only with economic guarantees will Pashinyan's government take the big step of shaking up economic relations with Russia.
At the beginning of the Russian invasion of Ukraine KSE Institute launched an analytical project, which was named “SelfSanctions”, to track which foreign companies left the market.
KSE Institute has presented a study “Assessing Russia’s Shadow Fleet: Initial Build-Up, Links to the Global Shadow Fleet, and Future Prospects”.
In May 2024, Russian oil export revenues dropped to $16.8bn, despite higher export volumes, according to the KSE Institute’s June ‘Russian Oil Tracker.’ Increased export volumes and the shadow fleet did not compensate for the lower prices.
Immigration can affect inflation and, in turn, monetary policy in two opposing ways. And the jury’s still out as to its overall impact on the eurozone.
Hungarian Prime Minister Viktor Orban may soon find that he has a steady ally in Vienna that is willing to join his Central European axis.
There is a preconceived idea that if a country signs up to the enlargement policy of the European Union, its foreign policy becomes uniform and "Europeanised", manifestly strictly pro-European.
Russia’s shadow fleet currently consists of 435 tankers and aims to circumvent sanctions on Russian oil, specifically the G7/EU price cap.
China’s failure to show up for Ukraine’s Swiss peace summit in mid-June was a major setback in Kyiv’s attempts to set a new benchmark for the international support of its military struggle with Russia and an attempt to rally the Global South.
War in Gaza and domestic politics in Turkey create cracks in Azerbaijani-Turkish alliance.
Ahead of the St. Petersburg International Economic Forum in June, Moscow has handed a public relations victory to the Taliban by proposing to take it off the Kremlin's terrorist list.