Eastern Europe / News

Russian government presents National Recovery Plan to President Putin

bne IntelliNews June 2, 2020

Russia's Prime Minister Mikhail Mishustin has presented the National Recovery Plan to President Vladimir Putin on June 2, which comprises spending RUB7.3 trillion over two years and a launch at the beginning of July.

Belarus president pledges to prevent 'Maidan' during August election as thousands on streets support opposition

bne IntelIiNews June 2, 2020

Belarusian President Lukashenko reacts strongly to threat of "Maidan" protests in August presidential election

Malta seizes $1.1bn worth of “counterfeit” Libyan dinars printed by Russian state-owned company

Ben Aris in Berlin June 1, 2020

The US State Department has announced that Malta seized $1.1bn worth of “counterfeit” Libyan dinars that were travelling by ship to the Libyan parallel government and were printed by the Russian state-owned company Goznak.

Ukraine's President Zelenskiy declares $1mn income in 2019

bne IntelliNews June 1, 2020

Ukrainian President Volodymyr Zelenskiy had charges of hypocrisy levelled at him after he declared an income of UAH28mn ($1mn) in his official tax return for 2019, Pravda.com.us reported on May 30.

Customs officials confiscate 70 tonnes of fine cheese smuggled into Russia from the EU

bne IntelliNews May 31, 2020

Russian authorities confiscated 70 tonnes of fine European cheeses smuggled into the country in a container and mislabelled as industrial rubber for use in the construction industry.

Trump postpones G7 summit in US, invites Russia to attend

bne IntelliNews May 31, 2020

US President Donald Trump has postponed a planned G7 summit slated to happen in June, but has invited Russia to attend the rescheduled meeting in September in New York.

Russia's Sberbank opens a commodity trading subsidiary in Zug in Switzerland

bne IntelliNews May 29, 2020

Sber Trading Swiss AG based in Zug, Switzerland, will become the main hub of Sberbank's international physical commodity trading business

Belarus emerges as Eastern Europe's coronavirus hotspot

bne IntelliNews May 29, 2020

Belarus is one of the five European countries most affected by coronavirus

For first time Turkey’s LNG imports outstrip pipeline gas imports

bne IntelIiNews May 28, 2020

Gas delivered via pipelines from Russia and Iran down 72% y/y and 33% y/y in March. US expanding shipments of liquefied natural gas amid glut as spot prices fall.

A third of Russians believe that the danger of the coronavirus epidemic is exaggerated or a fiction

bne IntelliNews May 28, 2020

A third of Russians (32.8%) believe that the danger of the coronavirus epidemic is exaggerated, or they consider it to be an invention of interested parties, according to a study conducted by the Higher School of Economics (HSE).

Belarus president seeks government reshuffle before August election

bne IntelliNews May 26, 2020

Belarusian President Lukashenko is seeking to reshuffle his government on eve of August election

Russian policy veteran Kudrin urges seizing of the COVID moment for visionary reform

bne IntelliNews May 26, 2020

The head of Russia's Audit Chamber Alexei Kudrin has published an oped laying out his vision of the state anti-crisis policy amid the coronavirus epidemic.

Russia’s leading petrochemical company Sibur raises $208mn with bonds issue at record low yields

bne IntelliNews May 22, 2020

Russia’s leading petrochemical producer Sibur Holding successfully closed the order book for its BO-01 and BO-02 exchange-traded bond issues, worth RUB10bn ($139mn) and RUB5bn ($69mn) respectively, the company announced on May 21.

Chechen strongman Kadyrov admitted to hospital with coronavirus

bne IntelliNews May 22, 2020

The leader of Chechnya and one of the most controversial figures in Russian politics, Ramzan Kadyrov, has reportedly been admitted to “one of the best hospitals in Moscow” after he was believed to be infected with the coronavirus

Ukraine secures agreement with IMF over new $5bn, 18-month programme

bne IntelliNews May 22, 2020

The International Monetary Fund signed off on a new staff level 18-month Stand-by Arrangement with Ukraine on the same day that Ukrainian President Volodymyr Zelenskiy signed the new anti-Kolomoisky banking bill into law.

Russia's finance ministry places $2.4bn of OFZ bonds, 2020 sales tip over $14bn

bne IntelliNews May 21, 2020

Russia's finance ministry continued to place record-high volumes of OFZ bonds on weekly auctions, selling RUB170bn ($2.4bn) worth of federal bonds in three issues at a total demand of over RUB230bn ($3.2bn) this week.

PS752 Tragedy - Ukrainian aviation investigation head suggests passengers were out of their seats

bne IntelIiNews May 20, 2020

Official releases more inside information on shooting down of passenger plane as Kyiv and Tehran fail to resolve differences on direction of probe.

Russia’s GDP shrinks by 20% in April, but government maintains a triple surplus

bne IntelliNews May 20, 2020

Russia’s economy shrank by a fifth in size in real terms in April, according to preliminary data released by the Ministry of Finance, but at the same time the government has managed to maintain a triple surplus in its external account.

Gazprom starts designing $20bn gas pipeline to China

bne IntelliNews May 19, 2020

Russia’s Gazprom is pushing ahead with plans to build a second major gas pipeline to China.

Russian population is moving west

bne IntelliNews May 18, 2020

Three decades after the fall of the Soviet Union Russia’s population is starting to undo the legacy of central planning and is moving west.