Eastern Europe / Features

Far-right gains in Europe pose challenge for EU enlargement

Clare Nuttall in Glasgow June 14, 2024

Analysts warn growing influence of far-right and Eurosceptic parties at EU and national level could complicate efforts to integrate new member states.

Women steering Ukraine’s businesses through war and hardship

Clare Nuttall in Glasgow June 13, 2024

Furniture company Tivoli managed to double its exports since the Russian invasion thanks to the tireless efforts of commercial director Julia Lisovska and her colleagues.

West weighs sanctions against Georgian government as Russia hovers

bne IntelliNews June 11, 2024

The US has already started to impose sanctions over the "Foreign Agents Law" and EU measures are expected to be announced later this month.

Ukraine looks to Europe to increase power imports this winter

bne IntelliNews June 11, 2024

Russia has taken out 35 GW of Ukraine’s electricity generation capability since the beginning of the war, decreasing generation from 55 GW to 20 GW. Already Ukrenergo has introduced rolling blackouts in a dozen regions.

Russia's economy is booming

Ben Aris in Berlin June 10, 2024

Russia’s economy is booming. In the first quarter, Russian GDP grew by 5.4%, higher than in the fourth quarter of last year, albeit boosted by an extra day in February. The economy is on course to expand by over 3% this year or more.

The Western public want the war in Ukraine to end, but downplay Russia's role in the WWII victory, polls find

bne IntelliNews June 9, 2024

A new survey by the Institute for Global Affairs, part of the American political risk consultancy Eurasia Group, found the overwhelming majority of Western public opinion is in favour of ending the war in Ukraine through negotiations.

Russia and Iran face long waits for McDonald's due to international disputes

bne Tehran bureau June 7, 2024

In today's globalised food industry, the golden arches of McDonald's have become as recognisable as the stars and stripes of the American flag.

Gazprom’s business will take at least a decade to recover from the impact of the Ukraine war

bne IntelliNews June 6, 2024

The business of Russian gas giant Gazprom will take at least a decade to recover losses incurred from Moscow's full-scale invasion of Ukraine, according to a report commissioned by the company released on June 5.

LONG READ: Russia’s despair index result is the best ever, while Ukraine’s crashes

Ben Aris in Berlin June 3, 2024

The despair index adds unemployment, inflation and poverty to compare what life is like in the bottom third of emerging societies. Currently Russia is enjoying one of its lowest levels of despair, whereas Ukraine is suffering one of its worst.

Soaring wartime salaries are increasing support for Putin amongst the working class

Ben Aris in Berlin May 29, 2024

After Russia’s invasion of Ukraine more than a million young Russians fled the country and there was a brief hope that the rest would rise up in protest. Two years on and war wages have made Putin more popular than ever with the working class.

Russia dumping the dollar for the yuan is an imperfect sanctions fix

Ben Aris in Berlin May 29, 2024

In 2023 the yuan became the most popular currency on the Moscow Exchange, beating even the dollar, as Russia has been forced to completely remake the way it pays for international trade.

Moldova positions itself to support Ukraine reconstruction

Clare Nuttall in Yerevan May 29, 2024

International companies are already setting up in Moldova with the aim of supplying the reconstruction of Ukraine.

Russian pivot to the Global South includes unscrupulous army recruiting practices

Aditya Pareek May 27, 2024

After launching its February 2022 invasion of Ukraine and being sanctioned by the West, Russia has doubled down on its overtures to countries of the Global South.

LONG READ: Ukraine is losing the drone war

Ben Aris in Berlin May 27, 2024

Drones have become a game-changer in the full-scale Russo-Ukrainian war and, after an early lead, Ukraine is losing now as Moscow outproduces and out-innovates Kyiv.

Turkey and Uzbekistan are friends again

Ben Aris in Berlin May 23, 2024

Turkey and Uzbekistan, the two largest countries in the Turkic world, are fostering a closer relationship, as the Organization of Turkic States emerges as a new regional alliance bringing together shared interests.

Russia's MOEX index returns to pre-war level as the stock market recovers lost ground

Ben Aris in Berlin May 21, 2024

Russia’s leading MOEX index regained its pre-war level after passing 3,500 on May 18 as Russia’s stock market recovers thanks to domestic investment.

Turkey simply relabels Russian oil products and exports them to Europe, research indicates

bne IntelliNews May 17, 2024

Country appears to have quite brazenly emerged as a strategic pitstop for fuel products from Russia rerouted to the EU.

“Guns and butter” are both important, Putin tells military commanders

Ben Aris in Berlin May 17, 2024

Defence spending has overtaken social spending and now accounts for 8.7% of GDP, Putin says, but spending on National Projects is just as important for Russia's long-term development, Putin told his military commanders.

Putin, Xi hold in-depth wide-ranging talks in Beijing in symbolic meeting

Ben Aris in Berlin May 16, 2024

Chinese President Xi Jinping and Russian President Vladimir Putin have jointly called for a political resolution to the ongoing war in Ukraine, during the latter's visit to Beijing on May 16.

EBRD 2024: Banks still scrambling to keep up with Russia sanctions

Clare Nuttall in Yerevan May 15, 2024

Multiple packages of sanctions have been imposed on Russia since the invasion Ukraine, their scale and scope dwarfing those placed on other nations.