Eastern Europe / Features
The European Commission proposes to “creatively” tap Russia’s $300bn of frozen assets with Reparation Loans
The European Commission is floating a new idea of how to “creatively” tap Russia’s $300bn of frozen assets without the need to appropriate, which is legally questionable, by replacing the money transferred to Kyiv with EU-backed bonds.
“Yuri Gagarin” cosmodrome seeking a future in space – and tourism
Golden age of spaceport is long over, with Moscow focused on facilities in Russia. Kazakhstan, however, hopes it can find profitable niche in launching satellites.
Russia’s 13 “drowning men” sink into corporate debt – The Bell
The Central Bank of Russia has quietly acknowledged growing financial distress among the country’s largest companies, identifying 13 corporations as "truly problematic" borrowers at the end of the first quarter.
World GDP forecasts raised, but US slowdown anticipated - Fitch
Global growth is now forecast to be 2.4% in 2025, up 0.2pp since June but a sizeable slowdown from 2.9% last year and below trend.
Europe mulls secondary sanctions as part of the nineteenth sanctions package for the first time
The European Union is considering the unprecedented step of adopting US-style secondary sanctions as part of the nineteenth sanctions package currently under review. The EU has never imposed secondary sanctions before.
LONG READ: Europeans face recession, financial crises, as they struggle to boost defence spending
US President Donald Trump has dropped the burden of supplying and supporting Ukraine’s battle against Russia firmly in Europe’s lap. But cash-strapped and with the UK and France on the verge of crisis, they are going to struggle to manage.
LONG READ: Europe can’t afford the Ukraine war
US President Donald Trump has cut off all aid to Ukraine and dumped the problem in Europe’s lap. But Europe can’t afford to pay for the Ukraine war, nor for the modernisation of its own defence sector.
SCO summit highlights India’s balancing act
For India, participation was both a bridge and a shield. It allowed New Delhi to remain engaged with Eurasian institutions while avoiding full alignment with Beijing or Moscow.
Can the SCO shield Iran from Western pressure?
As Tehran continues to face mounting pressure from the US and its European counterparts, the strategic value of other alliances is becoming more pressing following the so-called 12-day war with Tel Aviv and Washington.
The Shanghai Cooperation Organization is coming of age
More than two and half decades after it was founded as a regional security organization to secure porous borders in the depths of Central Asia, the Shanghai Cooperation Organization (SCO) is coming of age as it expands its reach and agenda.
A look at the Indian industries hardest hit by US tariffs
India has emerged as one of the hardest hit nations under fresh tariff measures imposed by the United States, with Indian exports to its largest single market now facing duties of up to 50%.
Deathonomics: Russia’s war in Ukraine creates a new kind of middle class
Deathonomics: Russia’s war in Ukraine creates a new kind of middle class Some economists have dubbed it “deathonomics”. Russia’s heavy military spending is transforming income profiles. The trouble is you might be dead at the end of it.
China takes Russian oil shipments usually bound for India amid shifting trade flows
At its peak, Russia was India’s largest single supplier of crude, commanding a 36% share of the market. In 2024 alone, New Delhi imported $53bn worth of oil and crude products from Russia.
Russia’s economic problems are getting worse
Russia’s economic problems are getting worse. The economy narrowly avoided a recession in the first half of the year and the 2.2% forecast budget deficit is looking increasingly unrealistic as growth slides towards zero.
Putin says Russia and US discuss joint energy projects in Alaska, Arctic
US President Donald Trump let more deadlines to impose crushing sanctions and tariffs on Russia to end the war in Ukraine slide yet again. The reason might be that he is still hoping to sign off on multi-billion-dollar business deals with the Kremlin
Ukraine’s defence industry could triple its capacity, if Europe provides the contracts
Ukraine’s defence factories could triple their current output tomorrow. The technology is ready, the workers are trained, the production lines are in place. What is missing is money.
Russia’s car industry stalls under weight of Chinese dominance and structural decline
The Russian automotive sector is showing signs of systemic failure. After a brief post-crisis rebound in 2023 (+69%) and 2024 (+48%), the market has sharply reversed course in 2025, revealing deep-rooted vulnerabilities that go beyond a slowdown.
Are Ukraine's Flamingo cruise missiles really made in Ukraine?
Secret factory A camera crew from Associated Press was granted access to the Fire Point factory at an undisclosed location inside Ukraine to witness the production of Ukraine’s new Flamingo cruise missile.
Ukraine goes into production of Flamingo ICBM
Flamingo is part of Ukraine's broader push to develop independent strike capabilities, as it has been sorely lacking in missiles that can strike targets deep in Russia’s hinterland.
Russian fossil fuel revenues slip as CREA calls for tighter price cap enforcement
Russia’s fossil fuel export revenues fell 3% month-on-month in July to €585mn a day, as weaker crude oil and LNG sales offset a sharp rise in pipeline gas income, according to the July monthly update on Russia’s oil trade from CREA.