MOSCOW BLOG: Energy wars and green energy

Ben Aris in Berlin June 10, 2022

How successful will the West be in the coming energy wars and is it wishful thinking that Ukraine could use its Marshall Plan reconstruction money to become Europe's hydrogen powerhouse?

The Fourth Russia – Green Ukraine

Ben Aris in Berlin June 10, 2022

The energy crisis that has wracked Europe since the EU began to cut itself from Russian energy five years ago has had a silver lining. It has driven the transfer to renewables much faster than anyone could have hoped, nowhere more than Ukraine

The Fourth Russia – the energy wars

Ben Aris in Berlin June 10, 2022

The biggest change to the world over the last five years since the war in Ukraine ended is the remaking of the world energy order. While the West reorientated itself away from Russian oil and gas, it couldn't wean itself off Russian energy entirely.

bneGREEN: Europeans set higher decarbonisation targets to rescue continent’s security

Richard Lockhart in Edinburgh June 10, 2022

A total of 19 European governments have accelerated their decarbonisation policies in response to a combination of the COVID-19 pandemic, the gas crisis and Russia’s invasion of Ukraine.

bneGREEN: Energy efficiency: a central pillar of meeting green targets

Richard Lockhart in Edinburgh June 9, 2022

Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.

Global red warning lights are flashing as stagflation looms

Ben Aris in Berlin June 9, 2022

The conflict in Ukraine and high inflation threaten the global economy with stagflation similar to that experienced in the 1970s, according to a new World Bank forecast.

China hectors Central Asia to steer clear of big power politics

Joanna Lillis for Eurasianet June 9, 2022

Foreign Minister Wang Yi used a visit to Central Asia to talk about the United States. But his counterparts wanted to talk business.

The Fourth Russia – Gorbushka is back

Ben Aris in Berlin June 9, 2022

On a warm day in June the crowds throng the Gorbushka electronics and media market in the Fili Park in west Moscow. The new iPhone XX is out and it would be impossible to find it in Moscow if it were not for Gorbushka's tables.

War and pandemics see Emerging Market capital outflows of $5bn in May

Ben Aris in Berlin June 9, 2022

Emerging Market securities suffered an outflow of $4.9bn in May 2022, according to estimates by the Institute of International Finance (IIF), continuing the episode started two months ago after Russia’s invasion of Ukraine shook the world.

Claims Ukrainian grain shipped from Crimea to Turkey could test Ankara-Kyiv relations

bne IntelIiNews June 9, 2022

“Primary contracts are signed with Turkey,” says head of Moscow-installed military-civilian administration in occupied areas of Zaporizhzhia.

Merkel condemns the “barbaric” war in Ukraine in her first public comments

bne IntelliNews June 8, 2022

Former German Chancellor Angela Merkel has condemned Russia’s “barbaric” war in Ukraine in her first public comments since leaving her post earlier this year.

FPRI BMB Ukraine: the cost of reconstruction

FPRI BMB Ukraine June 8, 2022

With Russia’s war entering its fourth month, Ukraine increasingly finds itself under almost unbearable financial and economic pressure. According to a study from the Kyiv School of Economics, Russia is causing $4.5bn worth of damage every week.

FPRI BMB Ukraine: the cost of war

FPRI BMB Ukraine June 8, 2022

Speaking at the Financial University on May 27, Finance Minister Anton Siluanov said that Russia needed “huge financial resources” for the war in Ukraine. Siluanov did not give a figure, but initial budget data gives some clues.

COMMENT: Russia will not tolerate the EU's new role in Nagorno-Karabakh peace process

Fuad Shahbazov June 8, 2022

The EU has gradually assumed a key role in the peace talks between Armenia and Azerbaijan, which has undermined the Kremlin’s longstanding dominance in the region.

The Fourth Russia – the new world order

Ben Aris in Berlin June 7, 2022

The year is 2027 and it is five years since Russia invaded Ukraine. Just how much progress has the country made since then and just how much damage has the extreme sanction regime imposed on Russia done?

BALKAN BLOG: Lavrov’s Belgrade visit cancelled but the damage is already done

Clare Nuttall in Glasgow June 7, 2022

EU officials are losing patience with Serbia’s insistence on maintaining friendly relations with Russia.

Russia’s car sales drop 84% in post-invasion May 2022

bne IntelliNews June 6, 2022

Russian car sales have crashed as sanctions has brought the import-heavy industry to its knees. Russia’s car sales drop 84% in post-invasion May 2022

CONFERENCE CALL: Globsec basks in Putin's humiliation

Robert Anderson in Prague June 6, 2022

In contrast to previous conferences of the Bratislava-based security think-tank, there was a feeling that the West is no longer on the back foot and that now is the time to press home its advantage.

EU latest sanctions on Belarus increase pressure on regime

bne IntelliNews June 6, 2022

On June 3, the EU introduced its sixth package of sanctions against Belarus and Russia, which heavily increases the economic pressure on the Minsk regime.

Russia’s Composite PMI up further in May, but still in contraction

bne IntelliNews June 5, 2022

The S&P Global Russia Composite PMI Output Index (manufacturing and services) posted 48.2 in May 2022, up from 44.4 in April and 37.7 in March.