Russia
bneGREEN: EU MEPs back binding methane targets
In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.
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Russia's CBR ramps up key rate to 7.5% in hawkish move
The board of the Central Bank of Russia resolved to increase the key interest rate by 75 basis points to 7.5% at the policy meeting of October 22, making a hawkish move that surprised the market.
Russia's Renaissance Insurance raises $250mn in IPO
Russian insurance company Renaissance Insurance Group announced the final price for its initial public offering (IPO) on Moscow Exchange of RUB120 ($1.69) per ordinary shares and completed its IPO on October 21.
bneGREEN: G7 could set green example for rest of world
G7 countries have the potential to reach net zero in the power generation sector by 2035 and spur decarbonisation in other economies and sectors.
Tinkoff enters e-commerce race as competition intensifies
Russian online bank Tinkoff has launched an e-commerce venture. The new platform, a constellation of services and tools designed to help entrepreneurs. To manage it the bank has hired Ilya Kretov, formerly eBay’s CEO for Global Emerging Markets.
Slowing Russian imports suggest the bounce back momentum is faltering already
In the first half of 2021, the Russian economy was firing on all cylinders. Commodity prices were rising, employment was remarkably high, and real wages were growing. Now it's slowing and some worry the economy is losing what little momentum it had.
Russia at the Dubai Expo 2020
The Russian and Ukrainian pavilions at the Dubai Expo 2020 opened on October 1 to showcase the two countries to the rest of the world.
Russian metallurgical company Metalloinvest to build the world’s largest HBI iron plant
Leading Russian metallurgical company Metalloinvest signed off on a deal with a consortium of companies to build the world’s biggest hot briquetted iron plant, the preferred form of iron from which high quality steel can be produced.
Balkan Stream countries hope to avoid worst of international gas crisis
While the debate rages over the Nord Stream 2 pipeline, a separate pipeline system carrying Russian gas to Southeast Europe has been quietly opened over the last few years, which enables the countries on its route to avoid the worst of the gas crisis
wiiw hikes 2021 CEE growth forecast to 5.4%
Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.
Russia orders non-working week from October 30 to curb surging coronavirus infections
The number of coronavirus (COVID-19) cases in Russia has hit a record high of more than 34,000 new cases per day and the country’s death toll has surpassed 1,000 per day. The government has given the population a week off to stem the spread.
Homegrown vendors gain on multinationals in Russian retail boom
Financial results from the first half of 2021 show that Russian retailers are chipping away at the market share of international rivals within the Russian Federation. This comes as a domestic and global retail boom is shaking up the sector.
Russia’s coronavirus spike threatens the whole region
Vaccine scepticism means just under a third of the Russian population is vaccinated and the government admitted last week that it had “lost the information campaign” to persuade its people to take the pandemic seriously.
COMMENT: Disinfo Napalm
It’s one thing encountering fakes and disinformation online, it’s quite another when someone fabricates a fake that strives to destroy your own life and career. This is what has just happened to me – a journalist with 20-year experience.
ING: Growing metals demand & the issue of emissions
The energy transition provides a great opportunity for the metals industry. Investment in clean energy technologies will boost metals demand. However, while the sector will play a crucial role, it will need to address its own emissions.
Russian petrochemical giant Sibur launches net-zero collaboration platform
Sibur will establish a Low Carbon Emitting Technologies pact with leading international chemical companies and the World Economic Forum to help coordinate climate change responses.
MACRO ADVISORY: Sanctions and oil fear force stability first in Russia
Several years ago, a young deputy minister started his description about the Russian economy by saying: "The good news about the economy is that it is stable.” After a brief pause, he added: "The bad news about the economy is that it is stable."
Ukraine’s Naftogaz asks to take part in decision to certify Nord Stream 2 gas pipeline
Naftogaz says Nord Stream 2 cannot be certified because it does not fully comply with European legislation.
Russia breaks off diplomatic ties with Nato
Russia broke off diplomatic ties with Nato on October 18, expelling Nato’s diplomats at a liaison and communication office in Moscow and also ordering its representatives at Nato's HQ home by the end of the month.
Nord Stream 2's first string declared ready to pump gas
Russia has finished filling the first string of the Nord Stream 2 with natural gas, meaning that the pipeline is now technically ready to operate.
