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 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 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.
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.
Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.
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.
Foreign Minister Wang Yi used a visit to Central Asia to talk about the United States. But his counterparts wanted to talk business.
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.
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.
“Primary contracts are signed with Turkey,” says head of Moscow-installed military-civilian administration in occupied areas of Zaporizhzhia.
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.
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.
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.
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 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?
EU officials are losing patience with Serbia’s insistence on maintaining friendly relations with Russia.
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
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.
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.
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.