Russia

Russia’s central bank predicted goalie Akinfeev’s historic penalty save

bne IntelliNews July 3, 2018

The image on the special RUB100 bank notes issued to celebrate the World Cup in Russia is almost identical to the now iconic picture of Igor Akinfeev blocking a shot in the historic penalty shootout against Spain.

Bad weather threatens 10-15% of Russian grain harvest in 2018

bne IntelliNews July 3, 2018

Russian GydroMedCenter weather forecast agency expects the Russian grain harvest in 2018 to be 10-15% lower than in 2017 due to adverse weather and the condition of winter and spring crops.

Users of Telegram messenger in Russia reach 3.7mn despite ban

bne IntelliNews July 3, 2018

Despite the Russian government’s best efforts to crush the encrypted messaging service Telegram, the number of its users has risen not fallen: the number of economically active users in big Russian cities reached 3.67mn people, Vedomosti daily said o

Russian manufacturing conditions deteriorate for second month in June

bne IntelliNews July 2, 2018

Operational conditions in Russian manufacturing sector deteriorated for a second successive month in June, with the manufacturing output dipping to joint-weakest since July 2016 and new orders declining for the first time in almost two years, the Man

Wheels up: Paul Manafort's flight records show how he supervised EU top brass in the run-up to Ukraine revolution

Graham Stack in Berlin July 2, 2018

Infamous US lobbyist Paul Manafort organised EU luminaries to plead with Brussels on behalf of former Ukrainian president Viktor Yanukovych to sign an Association Agreement with Ukraine without the freeing of jailed opposition leader Yulia Tymoshenko

Russia's economy will slow down before leaping, EconMin believes

bne IntelliNews July 2, 2018

Russia's Economics Ministry revised its GDP growth forecast down to 1.9% from the previous 2.2% outlook, while in 2019 economic growth in expected to slow down to 1.4%, according to an unpublished internal outlook revision

COMMENT: Bolton meets Putin in Moscow “All hail to Caesar”

Tim Ash of BlueBay Asset Management June 29, 2018

​The body language in photos released from the meeting between the Russian president and Trump's emissary John Bolton could not hide the sheer joy and indeed euphoria from Putin and Russian Foreign Minister Sergei Lavrov.

VIENNEAST INSIGHT: How Central Europeans learned to stop worrying and love Russian gas

Marcus How and Adam Urosevic of ViennEast June 29, 2018

Despite an overall decline in the EU and Russia’s economic interdependence, Central European dependence has actually grown, a trend entirely shaped by material, rather than ideological, concerns.

London court rules in favour of sanctioned Deripaska in Norilsk Nickel oligarch showdown

bne IntelliNews June 28, 2018

The London High Court resolved the case involving billionaire Russian shareholders of Norilsk Nickel metals major in favour of sanctioned Oleg Deripaska and against Vladimir Potanin.

Russian stocks are the cheapest in emerging markets

Ben Aris in Berlin June 27, 2018

Equity investors left emerging markets in droves in the first quarter of 2018, but the pain of the global EM equity rout has been Russia’s gain.

COMMENT: The US sanction on Russia muddle

Lindsay Mackenzie in Glasgow June 22, 2018

Sanctions are designed to change behaviour. They should have clear goals and need clear conditions to meet to get them lifted. The US sanctions imposed on Russia in April have none of these qualities.

Russian revised macro data suggests continued recovery in May, but incomes slip

bne IntelliNews June 21, 2018

Russia's economic recovery continued in May based on base sector data provided by Rosstat on June 20, but that was coupled with an unexpected dive in real income in May that caught analysts off guard.

Use of pirated software in Russia lowest since 2013

bne IntelliNews June 21, 2018

The amount of pirated software used in Russia in 2016-2017 declined by 2pp to its lowest level since 2013, but illegal software remains installed on two thirds (62%) of all devices, according to a study by Business Software Alliance

VOX: Russians get the investment bug

Ben Aris in Berlin June 21, 2018

Two and half decades on from the collapse of the USSR inflation is at an all time low and interest rates have fallen into single figures and will keep falling. That is making ordinary Russians look for new ways to invest their savings.

Half of Russians say they want Putin to stay on as president after 2024

Ben Aris in Berlin June 20, 2018

Commentators believe that the west’s constant demonising of President Vladimir Putin coupled with the start of an economic recovery has boosted the president’s popularity.

China has “Iran oil lever” over Trump playing out in trade dispute and at OPEC

bne IntelliNews June 20, 2018

Beijing could undermine US plan to strangle Iranian economy by accepting more oil from the Islamic Republic.

Russian Safmar brings German MediaMarkt into mega-merger of M.Video and Eldorado retailers

bne IntelliNews June 20, 2018

Safmar group of billionaire Mikhail Gutseriev confirms earlier reports and will acquire MediaMarktSaturn electronics retailer owned by the German Ceconomy, Vedomosti daily said on June 20 citing both companies.

IIB prepares to set up European unit in Budapest

bne IntelliNews June 20, 2018

A delegation from Moscow-based multilateral lender the International Investment Bank (IIB) visited Budapest on June 18 as it prepares to set up its new European unit in the Hungarian capital, the bank said in a statement.

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